Xiao Yang's Diary Day 7
Previous Funds: 2840U Current Funds: 2890U
Return Rate: +1.76%
The market has started to pull back, and most cryptocurrencies are declining. Currently, it seems that the pullback is not completely over, and risks still exist. Friends who want to enter the market are advised to consider entering in batches with spot trading.
Recently, a large number of high-yield traders have emerged in the copy trading system, with returns reaching 10 times to several dozen times. I'm sure everyone is tempted, and even I am tempted.
However, this should depend on the overall environment. The reason for the sudden emergence of so many high-yield traders is that in the past month, Bitcoin has been leading the rise. How can you not make a profit? As the saying goes, if you stand at the wind outlet, even a dog can fly.
A few days ago, I randomly selected a few of the top traders by yield and chose virtual copy trading. In just a couple of days, Bitcoin has pulled back less than 5%, and I've already lost 100%. This shows how poor the position management is and how high the risk is.
Therefore, when considering copy trading, everyone must think about the risk issue and not just look at the yield rate and win rate; these are not the key points. The key points are the trading status of the trader, their stability, and the asset drawdown rate.