#跟单交易 Trader Selection and Strategy Adaptability

Historical Performance and Risk Indicators

High-quality platforms filter traders based on profitability standards, drawdown rates, trading frequency, and other dimensions. For example, the AM platform requires that traders have a monthly drawdown of no more than 20% and sets a minimum trading day requirement to avoid the loophole of 'no trading means no loss.' Investors should be wary of the 'trap' of short-term high returns, as such strategies may come with high risks, such as the increased costs or liquidation due to frequent trading mentioned on page 5.

I. Risk Management Measures

Diversification and Stop-Loss Mechanism

Fully following a single trader or using high leverage may amplify risks. It is advisable to diversify funds across multiple traders and set stop-loss points (e.g., single trade drawdown ≤3%). Some platforms (like BTCC, Binance) offer a first-follow compensation mechanism to reduce the trial-and-error costs for beginners.

II. Balancing Costs and Returns

Impact of Hidden Costs

Copy trading involves spreads, fees, slippage, and performance sharing (usually 20%-50% of profits), which can significantly erode actual returns. For instance, if a trader employs a high-frequency strategy, even if profitable, the excessive costs may leave the copiers with no profit.

III. Market Volatility and Moral Hazard

Uncontrollable External Factors

The high volatility of the forex or cryptocurrency market may render strategies ineffective, while the moral hazard of traders (such as malicious order spoofing) needs to be avoided through platform monitoring mechanisms. Investors should regularly review the performance of copy trading and promptly terminate abnormal transactions.