How I made XXX dollars in a week/month by copying a professional trader on Binance

I have always been interested in cryptocurrency trading, but my actual hands-on experience was minimal.

Like many people in the Middle East and North Africa, I have a busy schedule and cannot spend hours studying charts, technical indicators, and market news every day.

When I heard about Binance Copy Trading, it sounded like an interesting way to participate in the market without making my own trading decisions.

The idea is simple: choose a professional trader with a proven track record of success, set your budget, and the system will automatically mirror their trades in your account.

I decided to test it for a week with a budget of 500 dollars to see if I could make money without active trading.

The first step was to choose the right lead trader:

I went to the copy trading section on Binance and browsed the list of available traders.

Each trader had statistics such as total profit percentage, number of followers, assets under management, win rate, and trading record.

I set my filters to find traders with consistent performance for at least three months, rather than someone who had just one lucky week.

I also looked at their drawdown percentage, as a trader who can achieve high profits but also incurs severe losses may be too risky for me.

The steady upward curve in their performance chart was more important to me than sudden spikes.

After reviewing about twenty profiles, I narrowed my choices down to three.

The first was a high-risk, high-reward trader who made over 200% last month, but their drawdown was also higher than 40%.

The second had a more balanced approach, with a win rate of 60% and moderate gains.

The third was a low-risk trader with a steady growth line and a monthly profit of around 10% with low volatility.

I decided to go with the balanced trader, as their previous trades showed discipline, consistent use of stop-loss orders, and moderate risk for each position.

In copy trading, I believe it's better to survive longer rather than chasing unrealistic overnight profits.

Setting up copy trading was straightforward:

I clicked on the trader's profile and selected the copy trades option.

Binance asked me to set my copy parameters, such as the amount allocated per trade and whether I wanted to copy open trades or only new trades.

I chose to start with only new trades so I wouldn't jump into a position halfway.

I allocated the full amount of 500 dollars to this trader and set a stop-loss at 20% of my total investment, meaning Binance would automatically stop copying if my losses reached 100 dollars.

Once the setup was complete, I simply waited.

On the first day, the trader opened three positions: one in Bitcoin, one in Ethereum, and one in Solana.

I was able to see the trades in my account, at the same entry price, leverage, and stop-loss as the lead trader.

It felt strange at first to see my account reflecting their actions without doing anything, but it also relieved the pressure of making decisions.

By the end of the day, the portfolio rose by 15 dollars, largely due to the Solana trade which closed with a quick gain.

Over the next few days, I noticed some interesting patterns in how the lead trader operated.

They rarely held trades for more than 24 hours, meaning they were making short-term or intraday trades.

They avoided overtrading, and sometimes they would only make one trade a day if the market was unclear.

Their stop-loss levels were tight, which limited losses on bad trades, and they allowed their winners to run a little longer.

This discipline contributed to steadily growing the account without significant drawdowns.

In the middle of the week, the market became volatile due to macroeconomic news, and one of our trades hit the stop-loss with a loss of 20 dollars.

However, later that same day, the trader entered a long position on Bitcoin which gained over 5% in a few hours, offsetting the loss and adding further profit.

This reinforced the importance of having a clear plan and sticking to it.

Many new traders panic after a loss, but this trader remained calm and waited for the right opportunity.

By the end of the week, my account balance had risen from 500 dollars to XXX dollars.

And while this money wasn't life-changing, the return in just one week without any personal trade analysis was impressive to me.

More importantly, I gained valuable insights into trading strategies, risk management, and timing.

I learned that consistent profits come from discipline, not from chasing every market move.

Even though I had never opened a chart myself, I was essentially learning through observation.

For anyone in the Middle East and North Africa considering trying Binance Copy Trading, here are some tips from my experience.

First, don't just choose the trader with the highest recent profits.

Look for consistent performance over several months, low drawdowns, and clear risk control.

Second, start with an amount you can afford to lose, as even the best traders have losing streaks.

Third, set a stop-loss level for your copy trading account so you can control the maximum risk.

Fourth, monitor the trades from time to time, not to intervene, but to learn from the strategy of the skilled trader.

And finally, be patient and avoid changing traders too often, as performance takes time to show results.

Copy trading is not a magic solution, but it can be a great way to participate in the market with limited time or knowledge.

It can also serve as an educational tool, helping you understand how experienced traders operate in real conditions.

However, it is important to remember that past performance is not a guarantee of future results, and all trading involves risks.

If used wisely, copy trading can be an opportunity for income and an educational experience.

My one-week experience has shown me that with the right lead trader, discipline, and risk management, it is possible to achieve consistent profits without having to trade actively yourself.

I plan to continue copy trading but also to slowly build my own trading skills by studying the trades I copy.

This way, I can benefit in the short term from the experiences of others while preparing to trade on my own eventually.

The main lesson for me is that discipline in trading, whether manual or copied, is the true driver of success.

And sometimes, the smartest move is to follow someone who has already mastered the game.

Reference links:

https://www.youtube.com/watch?v=8CRmr69o2xw