Lost a lot, let's review it. Because only copy trades completed within 90 days are displayed, previous ones cannot be shown.
1. Tu Ya Divine Team
Tu Ya's original idea was to roll over profits and stop losses on small losses. But this INIT order was held for too long, and he stopped the loss himself later.
Subjective trading always has the problem of holding positions against the trend: those who play short-term lose money and start holding positions, glorifying it as "pattern"; even those who use stop-loss may start holding positions one day.
Stop-loss is the most basic and core operation in trading. Before opening an order, you must determine the stop-loss. Those who play Martingale can still see it, but this kind of sudden start to hold positions is the most terrifying without warning.
Moreover, as long as this problem occurs once, it will occur a second and third time, although just once will return all the previous profits, or even liquidate the position.
So be sure to set a project stop-loss (25% - 33%), and patiently wait for the leading trader's retracement. Don't rush to lose money.
2. Hyperliquid Whale Follower
This person's strategy is to follow whales on Hyperliquid, previously Insider Bro, now James Wynn.
The problem with following whales is that whales are likely to be hunted for stop-loss by market makers, and he may be the leverage on the liquidation heat map. But the advantage is that the reason why whales can become whales is because they can make money in this market.
This loss started with Insider Bro, and then the leading trader was changed to James Wynn. After a period of profit, I discovered the problem of "leading trader making money, copy trading losing money". The reason was actually that the fee rate was too high, and the copy trading fee rate was 2.45 times higher than the leading trader's fee rate (see the image below).
The second picture is a screenshot from the mobile phone, because the computer only shows "latest operation records", which does not have fee rates.
According to Binance's official fee rate (see the image below), the taker fee for ordinary users is 0.05% (while mine is 0.07855%), and only VIP3 has a fee rate of 0.032%.
Good fellow, this leading trader's account has a 30-day trading volume of more than 100,000,000 US dollars (100 million US dollars), with an average daily trading volume of 3.33 million US dollars. Calculated at 50x leverage, the principal is 66,000 US dollars.
Check the leaderboard for verification (see the image below), and found that he can indeed reach this trading volume.
So, it's not that his fee rate is low, but that the copy trading fee rate is high.
So on the one hand, the copy trading fee rate is higher, and on the other hand, the leading trader has a 10% copy trading fee rebate. You can lose, but both the leading trader and the platform will always earn.
But obviously, the copy trading fee rate will not come down just because I shout a few times. So the countermeasure is, according to the fee formula (fee = nominal position value * fee rate), do not follow people who frequently trade large positions, even if they are very profitable (look at the copy trader's profit and loss).
Note that the fee is not related to the number of orders opened, but only to the nominal position value.
3. huigege (private domain)
huigege's private domain strategy is to hedge, mainly shorting mainstream coins and going long on trash coins. Trash coins do have bursts of growth, but harvesting them is equally terrifying. Generally, they go long on mainstream coins and short on trash coins to gain long-term benefits, but he does the opposite.
His strategy of going long on trash coins is similar to playing with memecoins, buying when it breaks through, hoping to rush higher, but the win rate is very low, maybe only 30%. No matter how much mainstream coins can absorb losses, there is always a limit. The result is that slump curve.
The lessons are: first, as before, wait for the loss (simulation stage); second, actually copy trading after simulating copy trading, don't make large investments, figure out the leading trader's strategy first.
Simulate first, watch for the bottom; then feel the bottom, watch the strategy.
4. 383BD (Hai Laoshi)
Hai Laoshi's strategy is exchange rate pair arbitrage, multi-currency hedging. I very much agree with this strategy.
But unfortunately, the trading volume of trash coins is too small: the leading trader's funds come in, and then the copy trading funds come in. After a queue, either you can't keep up with the order because of slippage, or it's 4% different, and the leading trader makes money and the copy trader loses money.
Slippage problems are common in leading traders who play with trash coins. This problem can only be solved by the platform. As a countermeasure, when following leading traders who play with trash coins, remember to take slippage into account; in terms of selecting leading traders, just look at the copy trader's profit and loss.
5. Minters (Gold Rush Hunters)
The minter is a subjective trader. Before I had time to observe more, I jumped out because of the retracement. It should be trend trading.
The lesson is: wait for the retracement.
6. supermary
supermary is a subjective trader, following the trend. I thought a 50% win rate was very stable, and the stop-loss would be very strict, so I put a lot of funds into it. As a result, after a period of high win rate profit, this leading trader became "cocky". It may be the overconfidence brought by consecutive wins, or it may be to maintain a high win rate, he chose to hold positions against the trend, and then died violently. At least I cut off part of the losses here, and he lost all of it in one breath.
The previous introduction saying "will never be liquidated" was also secretly deleted. The lessons are, first, be sure to set a project stop-loss; second, if you find that the leading trader's style has changed, run away decisively; third, even if the data looks very good (even a little flawed, such as a low win rate), don't trust the leading trader; fourth, don't trust the leading trader's character (this is the most basic).
Regarding the fourth point, let me say a few more words. No one in this world cares about your interests: the leading trader only cares about profit sharing and data; other copy traders will not pity your losses; the platform earns the fee and that's it. What's more, a person can be really bad in order to make money.
I always stand on the side of the copy trader's interests. The money is not blown by the wind. If it is lost by leading traders, it should be scolded. He can open a new project, change his name, create a new account, but your money cannot be refunded. It is not necessary to follow those leading traders in the square. Maybe the one who earns the most for others is "earn 30 million first", but they will still be liquidated later. I have never seen one who has survived 180 days, but the number of restarts is not small at all. Those who make recommendations are either stupid or bad.
7. MOON BOY CRYPTO (private domain)
MOON BOY CRYPTO is a subjective trader, trading against the trend, and adding positions when floating losses based on judgment. The private domain has larger positions than the public domain, and does not open coins with high minimum opening amounts.
Trading against the trend + adding positions when floating losses, this combination is like alcohol + cephalosporin. If you add a little self-confidence, you will definitely lose a lot of money. The lesson is, don't make large investments because of temporary profits. Be sure to figure out the leading trader's strategy first.
8. HoangThaiCrypto94
HoangThaiCrypto94 is a smaller account of HoangThaiCrypto1994, with the same ideas, but the smaller account is more aggressive. Their idea is to open short positions and hold them for a long time, probably on a weekly basis. In a bear market, this kind of thinking makes a lot of money, but in a bull market, this strategy of only opening short positions is purely beaten.
Time is also leverage. Holding an order for too long will magnify the degree of profit and loss many times. Therefore, it is not recommended to follow leading traders who hold orders for a long time: on the one hand, the risk is very high, even if the data is very good for a period of time, the crash is only a moment; on the other hand, you cannot move funds out during the holding process.
9. huigege (public domain)
huigege's public domain is subjective trading, doing right-side breakouts, similar to playing with memecoins. A month's profit depends entirely on one or two orders. When he was opening hedge orders in the private domain, he also tried to open hedge orders in the public domain. But the problem is that although hedging absorbed part of the losses, it also widened the stop-loss, which was not worth the loss. Now it seems to have switched back to the previous narrow stop-loss.
The loss is due to Binance's fixed ratio copy trading mechanism (previously posted for explanation). The fixed ratio does not look at the leading trader's margin balance, but the available margin balance. That is to say, the leading trader placing an order will cause problems with the copy trading ratio.
For example, the leading trader has 100u (100u in total), hangs an order for 90u (10u available), and then opens a position for 10u. Then the copy trading will open a 100% ratio, as much as possible, because the ratio is: available 10u / open position 10u = 100%.
For a moment, I thought copy trading could make money, but when I woke up the next day and looked at the balance, I thought I was seeing things. I asked customer service to find out what was going on. To this day, I don't think this is reasonable.
Summary:
The above is my 90-day copy trading loss review.
Set a project stop-loss, 25 - 33%. Be sure to include this;
Pay attention to the copy trader's profit and loss, preferably copy trader's profit and loss / assets under management > 0.3;
Patiently wait for the retracement, see the data and want to impulsively copy trade, tell yourself not to rush to lose money;
Pay attention to changes in the leading trader's style (such as taking short-term positions for the long term), or performing operations outside the strategy (such as starting to hedge);
Pay attention to fee erosion, simulated copy trading is just another expression of the profit curve, it is not equal to actual copy trading, be careful to follow large position high-frequency trading;
Pay attention to slippage erosion, be careful to follow those who play with low trading volume coins;
Wait for the retracement in the simulation before doing copy trading: start with a small amount to test the waters, spend a few days to figure out the leading trader's strategy, and then invest more funds;
If the number of trading days < 90, it is best not to follow (even greater than 180 is barely considered stable).
Can copy trading really make money?
——See my pinned article.
What is the actual copy trading experience?
——You can take a look at my copy trading records articles when you have time.