Should I Try Copy Trading?

[omaidah]

Your explanation has given me a clear understanding of copy trading. Could you please share the platform you use for copy trading?

[South Park]

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?

My opinion is that it is too good to be true, the traders that allow themselves to be copied very often only have some short term success behind their backs, but very often that success comes accompanied of the massive risks they took to get where they are, so if you copy one of those traders, it is likely you will do so once they have accomplished some success, and it is unlikely for this to continue and you will lose your money, learn the wrong concepts about trading, while at the same time you do not really learn anything useful, making adopting copy trading as your main trading strategy a huge mistake.

[stomachgrowls]

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?

My opinion is that it is too good to be true, the traders that allow themselves to be copied very often only have some short term success behind their backs, but very often that success comes accompanied of the massive risks they took to get where they are, so if you copy one of those traders, it is likely you will do so once they have accomplished some success, and it is unlikely for this to continue and you will lose your money, learn the wrong concepts about trading, while at the same time you do not really learn anything useful, making adopting copy trading as your main trading strategy a huge mistake.

One of the main cons on doing copy trades is that you wont really be making  yourself that progressive or something that do talks about able to learn trading since you've been copying. Also, you are really just that totally depending into that traders success at the same time he would be making some commission which is on part of your profits on which its a no risk for them on such condition.

If you are really that wanting to make yourself being a good  trader or someone whose really that progressive then it would really be just that right that you would really be putting up such focus into yourself on learning things on your own. Its not bad to snip out some idea while you are following but i would really be that recommend or much prefer on having that manual trading rather than on making those follow or copy trading.
If you are learning at the same time then it wont really be an issue yet ive been doing this on which i have some accounts which making up some copy trades at the same time i do make manual trades too.

[Lakai01]

One of the main cons on doing copy trades is that you wont really be making  yourself that progressive or something that do talks about able to learn trading since you've been copying.

I think if someone uses copy trading he isnt interested in progression and learning at all.
The main reason to copy others trades is to make money without any effort (besides storing coins on an exchange, of course). Therefore, someone doing this shouldnt be called a trader anyways.

Copy trading has to be seen what it acutally is: a fun way to gamble (which often fails, of course)

[Finestream]

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.

While copy trading creates an edge towards diversification, but take note that mostly it ends up with more disadvantages than its advantages. Copy trading may lessen the control of your own trades since you are trading while imitating other trader’s strategies. Because of that, your learning potentials when it comes to trading becomes limited, unlike if you trade on your own, your experience will allow you to learn more and improve your trading potentials. And whether we like it or not, copy trading does not make you more profitable, but it only increases the risk of loss. Beginners may not agree with this but if you ask those experienced traders, it certainly it is.

[Charles-Tim]

Copy trading has to be seen what it acutally is: a fun way to gamble (which often fails, of course)

Yes, your are correct.

But anyone that is going into trading should know also that losses can be what he would have. Many traders are losing just like gamblers. But I will not encourage mirror trading which you people are calling copy trading. It is just like paying and later you might lose. It is good about trading for yourself and trade for yourself is better but it is good to know that not good to use amount that you can not afford to lose because trading is very risky.

[EarnOnVictor]

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?

Yes, that's an excellent advancement in trading and I believe it was conceived due to the desperation of brokers and exchanges to make people stay in trading. But I see part of your comments contradictory because the copy trade program is solely service provider-based and not educational-based, so how do you learn other than earn as you claimed?

That asked, I've known copy trade for about 15 years now and I love the way improvements are happening. For traditional financial market trading, I believe there is no copy trade service that has proven to have that long-term record per se. Although you might be seeing a huge return on their profile, but that could have been achieved years or months before their current performances.

In a nutshell, all providers I know always have four performances; 1) Those that will lose your money for you very fast, 2) Those that will earn so much for you initially but later lose your money, 3) Those that will be earning and losing for you without so much to show for it in the long run, and 4) Those that will maintain the gain but with a very little profits.

[Nanga Parbat]

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?

Trading requires using and learning allstrategies.  With copy trading, your brain starts to understand quickly but whenever you trade your understanding should be important.  New traders mostly trade on tips, which lead to losses.  These tips often lead them astray, as trading without proper knowledge and experience is risky.  Focus on your research and analysis and learn step-by-step strategies.

[Maslate]

There’s no wrong if you do copy trading for sometime. But if trading means you copy trades from other traders the whole time, I can’t tell that you are doing a good trading, but you are pushing yourself towards inevitable losses in trading.

Many traders may started from copy trading and make them profitable, but you should never see it as your secret strategy to win because that will be impossible. Copy trading can make you profitable at the beginning but eventually, consistent losses may possibly occur. That’s why I don’t suggest to trade and rely others for copy trading. Instead, learn to trade on your own because even though you commit mistakes and losses, you will also learn from it that will lead you to trade the right way and make you a better trader in the process.

[AmoreJaz]

There’s no wrong if you do copy trading for sometime. But if trading means you copy trades from other traders the whole time, I can’t tell that you are doing a good trading, but you are pushing yourself towards inevitable losses in trading.

Many traders may started from copy trading and make them profitable, but you should never see it as your secret strategy to win because that will be impossible. Copy trading can make you profitable at the beginning but eventually, consistent losses may possibly occur. That’s why I don’t suggest to trade and rely others for copy trading. Instead, learn to trade on your own because even though you commit mistakes and losses, you will also learn from it that will lead you to trade the right way and make you a better trader in the process.

Hard to learn the strategies if you will only rely on other traders. It can easily liquidate your position as well if the trader you are copying commit one mistake. Maybe, when you are starting, you can follow some of these traders. But if you already have the grasp of some of the basics, start being independent and learn the tricks of the trade. You will use it throughout your trading journey.

[Peanutswar]

Recently this feature supported by others because they don't watch the market all day instead they are letting other people trade for them but of course, before doing this you must make sure and consider the wins of the trader you would like to copy with and also the budget, once the trader make a position and they decide to make hold with the wrong position and make their emotion drives the situation you don't have a choice because you copy their trade and also once they saw an opportunity they will make a new position and you need to consider the budget to copy the position. Personally I'm not fan of copy trading because you are just letting others to make trade for you and not all decision are in favor with your part. Instead its a good decision to become not dependent with other people so for other coins you can decide to invest or trade on your own.

[jcojci]

You can try copy trading but needs to strict with the rules only use the money you can afford to lose. You never know if the trader have much experienced and skills in trading because you only see his portfolio and do not know how he trades. That can indeed gives you some returns but we also have a chance to lose if the market is change the direction.

I tried copy trading but not gives a good profit for me as I just follow that trader and the curiosity. Luckily, the market moves is at a good condition so I can make some profit. I realizes that it is better if we trade by ourselves while we can improve our skills in analyzing the market.

[Sebas.tian]

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?

It will be better, if you can create a good time to learn trading than copy trading from other experienced traders, because those traders created a good time to learn from their mentor in the past, that is making many traders to be like them in the community. I have never copy trading since I started crypto trading, because I have different strategies am using to trade my coins to make a passive income from the market, and am very comfortable with the strategy and it is reliable in income making during the bullish season. Well, am not against those traders that copy trading, but it will be good if they can have another alternative strategy in trading their coins in case they are not profiting in the copy trading the way they want, so that they can make use of another alternative strategy to maximize their income.

[Frankolala]

It is working for you now does not mean that it will work for you tomorrow. Trading is not easy and a lot of newbies loss everyday in the market because they lack the knowledge of trading. Copy trading is like you taking someone prediction to bet with and you are saying that it is working. It will only be for short-term and you will run at loss in long-term.

If you must learn how to trade only use the amount of money that you can afford to lose and don't depend on copy trading, and if you cannot learn how to trade on your own, don't trade.

[slaman29]

I think if someone uses copy trading he isnt interested in progression and learning at all.
The main reason to copy others trades is to make money without any effort (besides storing coins on an exchange, of course). Therefore, someone doing this shouldnt be called a trader anyways.

I'm willing to bet that most people aren't into trading because they're interested in progression and learning. They're interested in making money, not trading. They'll 'learn' things in only so far to go as to get them to the money.

So, if you really want to be strict about 'trader' terms, there's not many traders in crypto. For sure, on BTT very few.

[TheUltraElite]

My thought on copy-trading is do not touch that method.

If you are relying on portfolios from other traders, you are basically giving your money to them. It is a poor choice to invest your money like that when you can buy the same coins yourself and trade on your own.

Some people think that by doing so they are going to be able to copy all profits and make the same as that wizard there. But this is far from what actually happens.

[mirakal]

We all did things that could help us, and copy-trading is somewhat of a tool.

 Although I can say that copy trading is not really the best practice that we should know, I know it still helps and gives ideas for beginners. In fact, there is no big difference between watching online tutorials and using their strategies. So, I would say that it is worth trying, especially if we are in the stage of learning about trading.

I won't and will never say we have to keep this way (copy-trading), as this will never help us to become independent and creative; instead, this makes us reliant on others, which is not a good practice if we aim for success, but on the other side, this contributes positivity.

[Taskford]

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?

It will be better, if you can create a good time to learn trading than copy trading from other experienced traders, because those traders created a good time to learn from their mentor in the past, that is making many traders to be like them in the community. I have never copy trading since I started crypto trading, because I have different strategies am using to trade my coins to make a passive income from the market, and am very comfortable with the strategy and it is reliable in income making during the bullish season. Well, am not against those traders that copy trading, but it will be good if they can have another alternative strategy in trading their coins in case they are not profiting in the copy trading the way they want, so that they can make use of another alternative strategy to maximize their income.

Yes its really better, but nothing beat if he try to get experience from that option since there's still a learning to get especially if he could able to compare the possible result he try those things. But for sure once he find that its boring to avail such thing then for sure that he will do manual trading and he will use what they experience for following those traders they are copying and do something base on what knowledge they learn from it. Although the learnings we can get with that is minimal but at least it open up some opportunity for us to dig more deeper knowledge about crypto trading.

Nothing really against that copy trading but people need to learn so that there's no confusion will happen and they could able to decide well on what best thing to do regarding on this options.

[AYOBA]

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?

Those things you mentioned earlier are involved in cryptocurrencies and that's is good for everyone who want involve his in trading aspects should be very careful, because sometimes not what you go with it you can cime back with at times you can go with huge amount of money and later end of losing at the of day and someday's you can gain what you didn't expect that's all about trading.

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?

How never advice anyone should go and copy trading because copy a trading is very dangerous, since have defference investors and everyone have his own experience the best thing for a person who have interest in trading  is to find a time for his self and lean about the trading than copy.

[Wind_FURY]

Should I Try Copy Trading?

OP, NO YOU SHOULD NOT TRY COPY TRADING!

That, ser, would be one of the most stupid thing to do because you would need to trust the trader being copied to be a good trader, WHICH, 90% of active traders are losing money. That suggests that nine out of ten you will choose a loser in trading to copy.

You want a safe and proven path in investing in Bitcoin? -BUY THE DIP AND HODL.