Tool to copy-trade Binance Leaderboard

[Eternad]

I manually looked at many of those which allow their trades to be copy and pasted and I can't find any that will help anyone. Most of the largest PnL or %'s wise are no longer active. Those that are active, they barely take any trades.

And those that do takes trades, if you look at their open trades, most of them are in huge losses. I don't think there is any active trader out there that takes small losses and large gains. Most seem to be long term bag holders on there.

This is true. Most of the traders in crypto is just gambling with high leverage trade on alts to have a huge PnL unlike eToro traders on stock market which is very careful in all of there position. I notice too that most of the top traders on Binance are just those who have position on tokens that recently experienced a price surcharge. I think they are only got lucky on there trade because there position is usually open for a long time and not updated real time for new trades. Copying them might result to loss because the hype might be over the moment you copy there trade.

[jaberwock]

I manually looked at many of those which allow their trades to be copy and pasted and I can't find any that will help anyone. Most of the largest PnL or %'s wise are no longer active. Those that are active, they barely take any trades.

And those that do takes trades, if you look at their open trades, most of them are in huge losses. I don't think there is any active trader out there that takes small losses and large gains. Most seem to be long term bag holders on there.

Now you don't need to copy manually because there are now tools like the op released which lets you copy traders in binance automatically. Those active but barely take any trades are maybe playing it safe. They don't just trade and trade but they are waiting for the best entry/timing so that each of their trades are going to be worth it and not a loss.

Trading is a hard game and even the top traders do also experience a major losses if they are unlucky or their performance are simply not great enough. It's normal. There might be traders who can be able to win most of their trades but they are rare and they may not allow their trades to be copied by someone else because they work hard for it.

[adaseb]

Another issue with copying these trades is that you don’t know when they will exit the positions. Whether to exit at a loss or gain.

The stop loss and take profits isn’t shown. So you need to wait until the leaderboard gets updated and usually there is a delay. So you might get out too late and not get the same performance as the main trader.