A few days ago, I shared some summaries and experiences about following trades, hoping it would be helpful for beginners. After experiencing a few liquidation projects in the past few days, I have gained new insights and understandings. Let’s share a bit. A humble attempt to inspire.
So far, I have two follow projects left. Apart from 'Wangu Changru Ye', I voluntarily withdrew, not because he did poorly, but because a friend wanted to follow, and I recommended him. To boost his confidence, I transferred my money to him so he could follow along. In other words, I am still following him. The other two projects have stopped losses. A 40% stop loss (40% of the principal remaining). Why set a stop loss? Because these two are larger amounts for me. I felt he shouldn't lose up to 60%. In reality, it turned out to be wrong. Because both of them basically returned most of the principal later. They both had short positions and held on for a long time. Luckily, they did not reach liquidation. They were very close, though. So, from the current perspective, the luck of the lead trader is also very important. I have two follow projects in hand. One is really stable... with stable profitability. The strategy is stable. It's worth holding for the long term. The other has less than three U left. I'll just let it be. If it can return a little, that would be best. If it blows up, then I won't follow him anymore.
So to summarize, currently there are sixty follow projects. Two are alive. One is basically dead. The success rate is about 4.5%. I have more confidence in these two to follow through. I also want to find another stable follow. It feels great to have three people following.
The benefit of following trades is that you don’t need to take action yourself, don’t need to watch the market, and don’t need to think too much. In short, just be an investor, like a venture capital investor. It's simple and worry-free.
The downside is that it's very difficult to find a stable lead trader. Many lead traders do not consider our feelings and solely focus on maximizing their profits. They do not take care of small fund followers. Many people say that below 500 or 1000, you are at risk. However, I have seen many people who closed their projects, and among their followers, there are many with 1000 or 5000 who also faced liquidation or were left with just a few U. But the lead trader closed the project, leaving them unable to recover their funds... they can only incur losses. This is very unfriendly to the followers. In other words, the size of funds is not the fundamental issue. I believe the root cause is still the irresponsibility of the lead trader. Even ten dollars is still support and trust for him. His strategy and thinking should have this awareness and take responsibility for these funds. Haha.
So I’m also considering, if I were to lead, how would I do it. I certainly would not look down on these small funds, and would ensure they receive stable returns. Of course, if things go poorly, it wouldn't just end there. I would adjust the strategy, be more cautious, and be a bit more patient. Wait for a better opportunity to act. Let's achieve stable income and returns together. Haha.
I might just want to think about it; the main time is indeed a bit tight, and it is estimated that it's hard to find time to do it. I might also push away some of the work at hand. Implementing this idea... Tomorrow's matters... are unpredictable. Let's take it as it comes!
I wish every follower could achieve stable returns, allowing our funds to grow day by day and double every month.