copytrading and futures

[Poker Player]

Probably not the answer you're looking for, but I personally don't recommend copytrading in general.

I do not recommend trading in general, let alone copytrading. For a simple statistical reason: you have more than a 90% chance of losing money. It is easier and more likely to win with Buy and Hold or DCA, if we talk about premium financial assets such as Bitcoin.

When I say trading I mean day trading or making trades with a certain frequency. Another thing is to invest long term and sell partially to rebalance when we are in bull market beating ATHs or buy more aggressively at times like this.

[Wilhelm]

Probably not the answer you're looking for, but I personally don't recommend copytrading in general.

I do not recommend trading in general, let alone copytrading. For a simple statistical reason: you have more than a 90% chance of losing money. It is easier and more likely to win with Buy and Hold or DCA, if we talk about premium financial assets such as Bitcoin.

When I say trading I mean day trading or making trades with a certain frequency. Another thing is to invest long term and sell partially to rebalance when we are in bull market beating ATHs or buy more aggressively at times like this.

+1

I chose to be an investor not a trader or gambler

Gambler = buying shitcoins on leverage for a possible 100x or more (high risk)
Trader = buying and selling to make many small profits on volatility(risky)
Investor = accumulate coins and HODL (lowest risk)

Copy trading will most likely be one of those scams that lure you in...

[fzkto]

I think you will lose your 50 euros very quickly if you do this sort of thing. It reminds me of trading on Twitter signals, which always ends in losing your deposit. You should try to trade using your own strategy. It's better to lose money yourself but try to find your own way than to lose it by following someone else.

[doomloop]

Is this supposed to be moved to the Trading Discussion section as its asking related to copy trading and futures?

I used to copy trade before just for testing the waters, but I am not lucky there so I only lost like a few dollars there. The decision there is not in our hands, because the trader whom we copied can be liquidated so we’re at risk. Futures trading is much more riskier than ever, as I have seen a lot of traders there who lots tons of money there because of being liquidated big amounts that they don’t have the control over their own decisions.

Manual spot trading is still the best trading method for us to go in my opinion. At least our risk there is a little bit lesser than copy or futures trading.

You mean you tried copy trading because you want to test how trading works? I am not sure if that helps but I think it would be better if you can try practicing on your own.

It's okay to fail for a few times and that can happen because you are still new to it but that is something that you and others can be proud of because you are not afraid to try it all by yourself and you did not totally depend on others ability but thanks for that feedback anyway, many inexperienced people can learn from that and they will realize that copy trading is not really a shortcut to success or to make an easy money because most of the time you can lose on them.

[Findingnemo]

Probably not the answer you're looking for, but I personally don't recommend copytrading in general. You either learn to trade for yourself, or you don't altogether.

But to answer your question, the trick to not get liquidated is to simply either:

1. Deposit more money
2. Don't use leverage
3. Git gud (or tell the "trader" you're copying)

Copy trading with 20 and you are expecting 10x returns with the strategies derived from someone who is doing with millions and getting hundreds or thousands in returns? If yes then probably it will take few decades to achieve the returns based on my mathematical knowledge so better avoid all those fancy words around you just focus on spot trading.

[palle11]

Copy trading with 20 and you are expecting 10x returns with the strategies derived from someone who is doing with millions and getting hundreds or thousands in returns? If yes then probably it will take few decades to achieve the returns based on my mathematical knowledge so better avoid all those fancy words around you just focus on spot trading.

I'm not a fan of copy trading but despite that in whatever investment or trading adventure we want to do, gradual increase of capital is better than taking a full length of risk for big profit. If you take the high risk and you lose all, you are at another starting put, it is better being gradual for you to get there for the bigger risk. Apart from copy trading, making of orders should be with gradual steps so you also have time to learn through the time of low risk investment, development and management and the time of high risk and management.

[Findingnemo]

Copy trading with 20 and you are expecting 10x returns with the strategies derived from someone who is doing with millions and getting hundreds or thousands in returns? If yes then probably it will take few decades to achieve the returns based on my mathematical knowledge so better avoid all those fancy words around you just focus on spot trading.

I'm not a fan of copy trading but despite that in whatever investment or trading adventure we want to do, gradual increase of capital is better than taking a full length of risk for big profit. If you take the high risk and you lose all, you are at another starting put, it is better being gradual for you to get there for the bigger risk. Apart from copy trading, making of orders should be with gradual steps so you also have time to learn through the time of low risk investment, development and management and the time of high risk and management.

Actually, not many of them are seeing the actual profit percentage they just see the numbers and dive in but if they are lucky they can make money just like a lottery which doesn't need any skills at all but we all know it happens rarely or never in our personal life that we should realize. Leveraging is highly risky with the futures its a life risk which I am never going to appreciate or encourage anyone to do it.