Why copying someone else's trades can lead to the loss of your deposit
Many novice traders make the same mistake — they blindly copy the trades of others. At first glance, it seems reasonable to follow someone who "knows better."
However, such an approach often leads to losses.
Almost all successful traders, including those who have made billions in the American market, agree on one thing: every trader must have their own strategy and clear methodology. It's not just a set of rules — it's an understanding of the market, your risks, and the logic of entering trades.
Yes, you can consider the opinions of experienced traders and bloggers, using their ideas as guidelines. But you shouldn't turn their recommendations into signals for action. Why?
Information spreads quickly on social media. The same trading scenario can be noticed by thousands of traders. As a result, even if the idea was initially viable, mass following can distort price movement — and the market may turn against the majority.
Conclusion: listen, but think for yourself. Create your own system, test it, adapt it to yourself. This is what distinguishes a trader from a follower.
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