I took a look at the holding addresses, for them this must be a black swan, bought a little, just consider it a scratch card! Alpha is about to change.
Summary of two reasons why copy trading is not profitable
1. Reasons for signal providers Many well-ranked and famous traders on platforms are actually gamblers. For instance, the official leaderboard from a few days ago shows a trader ranked 4th, but after long-term following, it ends in a margin call. It really feels like there are no great generals in Shu, only amateurs everywhere. To determine whether a trader is reliable, one needs to deeply understand their trading style, risk, capital management model, and historical maximum drawdown. Many signal providers even manipulate their own margins casually to endure losses and earnings. If you are lucky enough to withstand it, but the copy trader fails to timely add positions, it will lead to a disaster.
Summary of Two Reasons Why Copy Trading is Unprofitable
1. Reasons Related to Signal Providers Many traders who rank high on various platforms and are well-known are actually gamblers. For example, just a few days ago, the official leaderboard showed someone in 4th place, but following them for a long time led to account liquidation, giving the feeling that there are no great generals in Shu, only low-level players everywhere.
To determine if a trader is reliable, one needs to deeply understand their trading style, risk management, capital management model, and historical maximum drawdown.
Furthermore, many signal providers can be unscrupulous, casually adjusting their margin to hold onto trades and absorb losses and profits. If you are lucky enough to hold on, but the copy trader does not timely add to their position, it could lead to a disaster.
From my observations, 95% of signal providers are inexperienced in the long run.
2. Reasons Related to Copy Traders
Many people are eager to recover their losses and are attracted by those “7-day multiple returns” performances. The short-term high returns come with high risks + luck; these strategies often rely on large positions and take on immense risks to achieve high returns. In the long term, liquidation is almost a high-probability event.
Mindsets collapse too quickly, as many are unprepared to face short-term pain (drawdowns). The recent example of a particularly fortunate trade that faced a 10% drawdown and received heavy criticism is quite typical.
Every trading strategy inherently has a normal drawdown period (for example, a loss of 10%-30%). When a copy trader enters and immediately encounters a decline, they panic. Fearing further losses, they quickly cut losses and exit!
Trading requires time to “nurture” profits, but many people think “if I follow today, I’ll double tomorrow.”
Final Profit = Total Profit - Total Loss
A few pieces of advice for those looking to profit from copy trading: Rational selection (stability) + Strict risk control (survival) + Patient execution (endurance) = Possibility of profit from copy trading #带单话题 #交易认知
Recently, there have been several points of drawdown in trading strategies; this phase of supplying liquidity is the best psychological massage for grabbing airdrops.
Today, I received two accounts, totaling an income of 450u.
There are still 4 accounts lingering around the threshold.
The commonality of grabbing profits\trading\carrying orders\copying orders is that one needs to persistently execute their established guidelines.
Wishing everyone success in achieving their goals with a thumbs up from the little hands of fortune! $BTC #币安钱包TGE
Irregular Clocking 1 Last night the strategy issued the first trading order 1.5x Limit Price 104530 Long Position Currently has taken profit 2/3 Filled back the wear and tear from previously manually testing the API
The strategy is promising, but patience is needed Running the advanced version 'Haoyanghe' 1H-BOTH strategy
Copy Trading Assistant: 1. Do not frequently change the trading number 2. Do not manually intervene in trading 3. Since only trading BTC, trading funds start from 500 USDT 4. Stay patient, there will be rewards, wishing everyone great wealth 🤠