I lost 100$ using copy trading the first top traders.
Do not use copy trading, it is risky
Trying out copy trading so you don't have to experience this!
The first copy trader seemed like a genius! Got me +$50 USDT in a day – felt amazing, right? Naturally, I got excited (maybe a little too greedy) and started following a bunch of different "top traders" on the explore page, throwing $100-$200 USDT at each.
Here's the harsh reality after just two days of copy trading: The very person who made me $50 on day one turned around and lost $100 the very next day.
I'm not saying all copy traders are bad, but a lot of them are just riding a lucky streak. You really need to know who you're following; don't just pick random people from the top of the explore page. Everyone on Binance can be a copy trader, but not everyone has a special skill. Many are just having their moment, and once you jump in, that moment often ends. Don't make the same mistake I did.
Now I'm stuck with some underperforming traders, losing $10 a day, and I can't even stop copying them easily because of how it's set up. Learn from my experience!