Should I Try Copy Trading?

[MAS1]

Crypto can be a thrilling ride, but navigating the market waters can be tricky, especially for beginners.  Who knew there was a way to learn from seasoned traders and potentially score some sweet returns at the same time?

Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way.  This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

[tsaroz]

I did tried copy trading but there are a few things to consider while you copy. The high ROI strategies gets our interest immediately but most of them are as a result of recent trend or trend reversal. You might have profited a lot with that strategy if you had gone with it a fe2 days ahead but now, it might have undesired trend reversal. This way you may lose. The risk is higher if you are going with leverage or futures trading.
I look for strategies that are doing well for over a month and don't have very specific trend as it would be able to earn in both sideways and bullish market and I mostly avoid shorting.

[Charles-Tim]

If 90% of traders are losing, you know what that means. I will not post that you should not try copy trading, but try it with the amount of money that you can afford to lose.

If you copied someone and you did not lose the first time, that does not mean you can not lose next time.

The best is to learn trading your. But use the money that you can afford to lose for trading.

[Beparanf]

Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way.  This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

Copy trading if you can guarantee the portfolio of the trader you are copying has good solid track. The problem on crypto exchange copy trading feature was they only highlight traders that experienced high profit for that period and not all time high.

I’m always skeptical on following someone trade in crypto since crypto market is too volatile while some experienced trader usually enter a risky trade due the markets volatility.

I’d rather use trading bots which allow you set the trades rather than just copy someone randomly.

[Adbitco]

Copy trading is bad when you don't have enough equity to liquidate your trade most times newbie who joined copy trade often ends with regret because of lack of funds. Join copy you need to increase your capital to some specific size so it would enable to hold long position from whom you are copying from even as that you also need some personal experience to work on than solely relying on the person you are copying from if there is any mistake then you quickly run into lose if you don't have the basic knowledge.

[o48o]

Crypto can be a thrilling ride, but navigating the market waters can be tricky, especially for beginners.  Who knew there was a way to learn from seasoned traders and potentially score some sweet returns at the same time?

Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way.  This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

You are asking if you should try it, and right at the second paragraph you say that you have been using it. So what exactly you mean by trying?

If you are asking if you should invest more, then by all means, invest your heart out, but just know that there are no guarantees that you wouldn't lose your money.

Losing money with trading is something happens even to experienced traders from time to time. It's easy to make money during an altcoin bullrun, because lots of alts are rising anyway, and some traders like permabears make money during bear markets. But when the market conditions change, some traders go to denial and can't adapt to situation, while keep on trying their old tricks.

I however can't see anything wrong with copy trading. It's just not a holy grain or a silver bullet for anything.

[Odusko]

What you should know is that, any aspect or form for trading have it own high and lows and you should not allow yourself to get greedy to the point that you start trading with an amount you can't afford to let go, which means that you should only trade with a small amount, copy trading is not different from deravatives or spots even though all of them have their own various trading techniques but it all still ball down to the same thing which means that you can't profits all the time and if someone you copied their trade lead you to gain some time, it will also lose some times also which is why you shouldn't allow greed to get into you and should only take any little profits you earn and walk away for each day.
 
Also before you choose copy trade take the time to learn it upside down because you may be needing alot of capital reserve to keep supporting your trade liquidity each time the market may move against you direction.

[d3nz]

Crypto can be a thrilling ride, but navigating the market waters can be tricky, especially for beginners.  Who knew there was a way to learn from seasoned traders and potentially score some sweet returns at the same time?

Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way.  This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

I tried this last 2020 and it did well at first then after a year my funds were going down and then I stopped copy trading. If you are into copy-trading then I would suggest learning the trading yourself but if you don't have free time to study how the chart goes then just try copying their active trade position manually and make sure to always execute stop-loss.

And make sure that you check the price of the crypto that already before buying and if it's already on gaining profit or losing.

[Wakate]

If 10% of traders are losing, you know what that means. I will not post that you should not try copy trading, but try it with the amount of money that you can afford to lose.

If you copied someone and you did not lose the first time, that does not mean you can not lose next time.

The best is to learn trading your. But use the money that you can afford to lose for trading.

I have seen so many people talking about copy trading and many centralized exchanges have been luring investors to give it a try because somehow, it could look like it is going to be easy because we are not the one that is really trading, we are just copying their trades to make money for ourselves. There is a lot of risks here and it is good one read it and try to comprehend what it's actually about. I have copy so many trades which I initially made small profits but later, I was seeing red because they trader was losing. If we can not take the risks then we don't have to try it getting lured by how much we could make from it.

[Raflesia]

It is not wrong if you really want to try copying trading but in the end you also have to be aware that you should try to manage or minimize losses because it does not mean that in copying your trading you will not lose especially for a bigger ROI and you cannot follow.
Those who tading even though they are pro must have experienced falling so that in this case you must be prepared with loss if you really want to be in this situation.

But if you are unable to lose, don't try anything because now it seems that there are still many who think that copying trading will definitely profit, but the fact is not all like that because after all the risk remains the same where when talking about trading or other things there will definitely be losses and Fortunately so that is the risk you have to think about.

I personally have never done that because in my opinion, what I do with the money I have is a personal responsibility and I do not want to call my fate in the hands of others.

[wheelz1200]

Crypto can be a thrilling ride, but navigating the market waters can be tricky, especially for beginners.  Who knew there was a way to learn from seasoned traders and potentially score some sweet returns at the same time?

Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way.  This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

I've never liked to do that because in the end I want to be responsible for my wins amd loses.  The problem with copy trading is that you don't know if a particular coin/project isn't paying this person a ton of money to tell people they are buying that coin.  I feel like that happens a lot once a trader becomes well known.  I'd steer clear amd just do ypu own trading if you can.

[EL MOHA]

I tried this last 2020 and it did well at first then after a year my funds were going down and then I stopped copy trading. If you are into copy-trading then I would suggest learning the trading yourself but if you don't have free time to study how the chart goes then just try copying their active trade position manually and make sure to always execute stop-loss.

And make sure that you check the price of the crypto that already before buying and if it's already on gaining profit or losing.

One thing I always stands with is the quote that nobody does it better than you. I believe doing it yourself is the most important part of trading because this time around you have actually mastered not just strategies but also things like risk management which are the core principles behind trading. Copy trading is definitely not going to make you know which set up is high probability set up and a risky one, it is the reason why you see those who pay for premium signals call trading unprofitable because they incure losses.

If you don’t have time to learn trading your self I will suggest you leave it off and then go into investing because trading is definitely for Those who have it’s time even if you want to swing it

[Yatsan]

If you know what you are doing then go, you may do so. But if your idea of it is an easy thing to do like the usual act of "copying" then you're definitely wrong for it. Keep in mind that in most instances the amount those traders we watch are using, are also higher with majority of us, thus, they have bigger or larger risk tolerance. There will be times you'd be hit by liquidation and their orders will still remain and even hit profit afterwards. I though of it as well as something that will give me better profit potential however, nothing's really easy when it comes to money. Just think of it, if copy trading is easy and efficient, then how come other people in this industry aren't engaging into it? There's a reason behind why they chose to invest on projects. Copy trading is a good thing but be sure to be knowing what you would engage yourself into.

[shinratensei_]

Just like name implies copy trading performance depends on the person that you're copying.

nothing wrong really with using this feature if you aren't well knowledgeable in regard of the market since those exchanges implementing such feature definitely for a reason but I think you should also learn to make financial decision on your own so that when you're copying other people's trade you can determine whether it's really a good decision or not.

what I think could be the pain point for these copy trade feature is if the trader you're copying deliberately misguiding you into buying shitty coin because they got paid behind scene, i mean who knows right?

[LogitechMouse]

~
This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

I tried, and I lost doing copy trading.
Doing trading yourself is still a better option than copying other expert investors out there.

Them being expert doesn't mean that they aren't losing money anymore. Like others, they will experience losing trades that might cause them thousands of dollars and if you only have a few hundred bucks used to copy them, you will lose your money unless you added a stop-loss before copying them. I didn't and the one that I copied lost tens of thousands of dollars hence, I lost all of my funds.

Not only copy trading, but trading in general has been a bad experience for me. I will not trade again that's for sure.

[JeffBrad12]

Will you be fine losing your money because someone else's decision if yes then go ahead .

I could never entrust my money to some stranger doesn't matter if their win rate in their trading record is good, I find it to be not sustaining enough to be one of trading method for me.
what I know i can trust to navigate the crypto market is just TA nothing more.

at least if i'm losing I know that the mistake is on me .
if i'm being frank, these trading gurus giving copy trading service are nothing more than just average joe, they can lose just like the rest of us.

[Oshosondy]

~
This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

I tried, and I lost doing copy trading.
Doing trading yourself is still a better option than copying other expert investors out there.

Just right now, one of the exchanges that I am using has just sent to me in-push notification, that I can copy trade and stay ahead. I know it is all lies. I have a friend that told me he copied a trader and lose the money. There is nothing better than trading for yourself. But good to know that trading is generally risky. Using small amount is very important which you can afford to lose.

[passwordnow]

Crypto can be a thrilling ride, but navigating the market waters can be tricky, especially for beginners.  Who knew there was a way to learn from seasoned traders and potentially score some sweet returns at the same time?

You'd see a lot of these gurus and most of them are fake that are telling you that they know the trade secrets and will show you all what they've learned over the period of their trading careers. But believe them not quickly because they're earning money from teaching and not actually from trading so, the milk that they money from you guys are their salary and if you ask them to trade in the actuality, I don't think that most of them will pass on your criteria, maybe some will.

Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way.  This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?

Well, that's good for you. But don't be too overwhelmed using that because the only thing that changes with that feature is you're following someone else's trade. If they lose then you are also going to be pulled to the pit of losses and you have no way of avoiding that. It works like magic and it is amazing until it's not. Just make sure that you are doing it with an amount that you're not going to be broke if ever the unexpected losses comes.

[mindrust]

If it was that easy, everybody would do it and everybody would become rich. There is always a catch. There is no free lunch.

It is the same with the mutual funds. You see some asset manager made %1000 last year and then you think: "if he 10 folded his money last year, he will 10 fold again next year" and then of course you'll learn the hard truth, one can't increase his assets 10 fold every year consistently.

You can observe a  similar behavior with the gamblers. "I lost 10 times already, I can't lose the 11th game."

[SOLQueen26]

Copy trading is like having a trading guru at your fingertips. It’s a smart way to absorb knowledge from experienced investors while growing your portfolio. Platforms like BingX make it easy to follow successful strategies, and their features allow users to automatically replicate the trades of experienced traders on the platform