Should I Try Copy Trading?

[pusaka]

Yeah, and there are a lot of traders that really somewhat says that this is a very effective method to make simply money. I even had some relatives who are into it. But then again, I have my doubts as well so I'm not getting into it.

It's just awakened my mind again with copy trading seeing his thread as again, we have been into discussions several months back thru our social media and says that they are not even technically inclined and yet they are making money.

I will not prohibit or limit anything they want to do, if they like and want to do copy trading then do it. But we must remember one thing, even if we follow copy trading, never forget that we have to learn. Because in any case our knowledge and skills must continue to increase, don't let us become comfortable because we can follow what has been provided. In my opinion, it would be better to have our own trading skills and strategies, because in every trade we make we will be able to add new understanding and that is very good for our development in trading. So we must be able to make everything balanced, on the one hand we can take advantage of the features provided by the platform, on the other hand we must also always develop our skills.

[Cookdata]

I agree with you and reading your words I thought about the fact that many investors who trust their deposits to copy trading do not withdraw their profits. I mean that even if a copy trader is successful and manages to increase investors' deposits, many of them will not withdraw money, looking at the increasing profit. And this is not possible. It's like gambling and hoping that the deposit will constantly increase, but this does not happen.

I don't know why would someone who is not doing anything would want to deposit money into exchange and says he want to do copy trading in a bull market. I was going over some the so call professional traders to see their success rates during the bear season and bull season, I didn't just notice increased in their success rate but there are more them claiming to offer copy trading.

I will discourage anyone that try to do copy trading because it doesn't worth it copy someone else position to your trades, it's better to do it on your own and if you don't have the time, but and hold. I have seen people get more luck than a trader who open orders almost everyday with just one coin. Copy trading isn't worth a trial.

[Farma]

Yeah, and there are a lot of traders that really somewhat says that this is a very effective method to make simply money. I even had some relatives who are into it. But then again, I have my doubts as well so I'm not getting into it.

It's just awakened my mind again with copy trading seeing his thread as again, we have been into discussions several months back thru our social media and says that they are not even technically inclined and yet they are making money.

I will not prohibit or limit anything they want to do, if they like and want to do copy trading then do it. But we must remember one thing, even if we follow copy trading, never forget that we have to learn. Because in any case our knowledge and skills must continue to increase, don't let us become comfortable because we can follow what has been provided. In my opinion, it would be better to have our own trading skills and strategies, because in every trade we make we will be able to add new understanding and that is very good for our development in trading. So we must be able to make everything balanced, on the one hand we can take advantage of the features provided by the platform, on the other hand we must also always develop our skills.

In this case, everyone has the right to determine their own choice whether to use it or not and in this case I agree with you to keep learning about trading even though we choose to use copy trading so that we do not always rely only on that strategy, because I think it would be better if we have knowledge about what we do well, especially when it concerns finances and it will be very painful when we take the funds that we will use for trading and cannot make a profit when using that method and also we do not have good knowledge about trading and if we already have a good understanding of trading of course we will be able to be careful when we want to use the strategy.

[Pandu Geddon]

In this case, everyone has the right to determine their own choice whether to use it or not and in this case I agree with you to keep learning about trading even though we choose to use copy trading so that we do not always rely only on that strategy, because I think it would be better if we have knowledge about what we do well, especially when it concerns finances and it will be very painful when we take the funds that we will use for trading and cannot make a profit when using that method and also we do not have good knowledge about trading and if we already have a good understanding of trading of course we will be able to be careful when we want to use the strategy.

if traders have the skills and knowledge to trade, I'm sure they won't use the copy trading method. however, such a method is still valid. regardless of the different trader experiences, because there are still traders who end up making a profit or still losing when using copy trading.

learning to master trading will be better if you are serious about developing your trading skills. there will be no loss when we learn it ourselves and in the end, we will not depend on other people's abilities.

[Z_MBFM]

Yeah, and there are a lot of traders that really somewhat says that this is a very effective method to make simply money. I even had some relatives who are into it. But then again, I have my doubts as well so I'm not getting into it.

It's just awakened my mind again with copy trading seeing his thread as again, we have been into discussions several months back thru our social media and says that they are not even technically inclined and yet they are making money.

I will not prohibit or limit anything they want to do, if they like and want to do copy trading then do it. But we must remember one thing, even if we follow copy trading, never forget that we have to learn. Because in any case our knowledge and skills must continue to increase, don't let us become comfortable because we can follow what has been provided. In my opinion, it would be better to have our own trading skills and strategies, because in every trade we make we will be able to add new understanding and that is very good for our development in trading. So we must be able to make everything balanced, on the one hand we can take advantage of the features provided by the platform, on the other hand we must also always develop our skills.

In this case, everyone has the right to determine their own choice whether to use it or not and in this case I agree with you to keep learning about trading even though we choose to use copy trading so that we do not always rely only on that strategy, because I think it would be better if we have knowledge about what we do well, especially when it concerns finances and it will be very painful when we take the funds that we will use for trading and cannot make a profit when using that method and also we do not have good knowledge about trading and if we already have a good understanding of trading of course we will be able to be careful when we want to use the strategy.

Copy trading means completely relying on others and investing your money in other people's decisions and predictions. There is definitely risk involved and even if you can profit from it, you will never experience the real fun of trading. However, by copy trading, you can get a good idea about the coins in the market and get an idea about the market conditions. Copy trading can be a good way to learn trading or learn trading strategies. But one cannot consider copy trading as a career. And since in copy trading, you have to invest your money in the decisions of others, it is better not to invest large amounts here.

[Wind_FURY]

OK, with the current mini-crash that's happening around different markets, and the fear that a recession is about to happen around the globe, how are those who are saying that copy-trading "is good "doing with their trades?

¯\_(ツ)_/¯

I believe there's already $10 billion of leveraged trades that the market had liquidated since last week if the news is to be trusted.

[BITCOIN4X]

OK, with the current mini-crash that's happening around different markets, and the fear that a recession is about to happen around the globe, how are those who are saying that copy-trading "is good "doing with their trades?

¯\_(ツ)_/¯

I believe there's already $10 billion of leveraged trades that the market had liquidated since last week if the news is to be trusted.

I was really worried that they weren't doing well. The fiery market conditions have certainly had an impact on those involved in the markets, spot and futures. Copy trading is good when the trader understands when to buy and when to sell, but there may be many traders who failed on today's big correction. Not only in futures trading, but spot traders also really feel the impact.

[hyudien]

In this case, everyone has the right to determine their own choice whether to use it or not and in this case I agree with you to keep learning about trading even though we choose to use copy trading so that we do not always rely only on that strategy, because I think it would be better if we have knowledge about what we do well, especially when it concerns finances and it will be very painful when we take the funds that we will use for trading and cannot make a profit when using that method and also we do not have good knowledge about trading and if we already have a good understanding of trading of course we will be able to be careful when we want to use the strategy.

Copy trading means completely relying on others and investing your money in other people's decisions and predictions. There is definitely risk involved and even if you can profit from it, you will never experience the real fun of trading. However, by copy trading, you can get a good idea about the coins in the market and get an idea about the market conditions. Copy trading can be a good way to learn trading or learn trading strategies. But one cannot consider copy trading as a career. And since in copy trading, you have to invest your money in the decisions of others, it is better not to invest large amounts here.

We have freedom here, no one will forbid us, even if there is, it is not a prohibition but rather providing input and suggestions on something that will be done. It is up to us to compare which is best for us and after that we can make decisions independently without intervention from other parties. Isn't this what we want? Yes, freedom.
I also agree that in any case we must continue to learn and continue to learn. Whether using copy trading or using our own strategy, we should never think about stopping learning. That way we are not easy to eat other people's words too much. Isn't copy trading popular because someone promotes it? Well, if we don't have much knowledge, we won't be easily tempted by things like this, but we will first find out. We can also compare decisions in copy trading and our own analysis, and we can see the difference and I think that will make us even better.

[SirLancelot]

As mentioned already copy trading is not mean you are going to be rich, or you are not going to have lost it's always on card to happen so just try with which you can afford to lost because I personally have experience of this, and I was happy in start but as we have lost then we were not able to fight back even we have all things gone badly down.

Copy trading has never been guaranteed to be successful because there are still loses and failure happen few years back I joined one trader for this with high fees because there were good chances of profit, but we lost all, and then I never go back even I dropped idea of copying and pasting or doing trades because I never feel comfortable just do your own search and then analysis if you are looking for success with try to have things well-prepared before any risk because no trade is having option for only profit lose always follow you.

[GreatArkansas]

(....)
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 should try it, but what I can suggest to you is don't fully rely on it and don't put too much money that you can't afford to lose.
I tried before in some exchanges that had a copy trading feature, there's some copy traders who liquidated most of my funds, but there's this 1 copy trader who became profitable over time.

Take note, when you copy trading, make sure you have stop loss in your portfolio, like lessen the risk and always see the performance and monitor also closely.
Most important thing is always learn, don't get stuck on copy trading, you can do better also, just learn because maybe in the future, you don't need copy trading anymore, you can do it all by yourself.

[EarnOnVictor]

Copy trading means completely relying on others and investing your money in other people's decisions and predictions. There is definitely risk involved and even if you can profit from it, you will never experience the real fun of trading. However, by copy trading, you can get a good idea about the coins in the market and get an idea about the market conditions. Copy trading can be a good way to learn trading or learn trading strategies. But one cannot consider copy trading as a career. And since in copy trading, you have to invest your money in the decisions of others, it is better not to invest large amounts here.

For me, when the program is successful and the money keeps coming, who cares about the fun of trading? I wonder how many people even have fun in trading with the high spate of losing? So if there is an opportunity to make money through any program, I bet the person should opt for it.

The only challenge I see here is the right selection of the traders to copy, this is where the intending follower would have to do enough research to avoid mistakes. My major concern is even for the service providers to be consistent in their good performances. I've noticed that the best ones do well but for a moment, which is why the investors should be very vigilant to manage their copying portfolio properly.

Furthermore, it is safer not to entrust the whole money in the hands of a single master account, perhaps splitting it between 3-5 of them will limit the sudden risk of losing everything.

[Wind_FURY]

OK, with the current mini-crash that's happening around different markets, and the fear that a recession is about to happen around the globe, how are those who are saying that copy-trading "is good "doing with their trades?

¯\_(ツ)_/¯

I believe there's already $10 billion of leveraged trades that the market had liquidated since last week if the news is to be trusted.

I was really worried that they weren't doing well. The fiery market conditions have certainly had an impact on those involved in the markets, spot and futures. Copy trading is good when the trader understands when to buy and when to sell, but there may be many traders who failed on today's big correction. Not only in futures trading, but spot traders also really feel the impact.

But that would absolutely depend on your investment's time preference, no? Because if you're main strategy is to buy the DIP and/or DCA Bitcoin and HODL/low time preference, the current mini-crash is actually another golden opportunity to buy Bitcoin with a discount. While everyone is panic selling, HODLers are panic-looking for capital to use to buy the DIP.

[stomachgrowls]

OK, with the current mini-crash that's happening around different markets, and the fear that a recession is about to happen around the globe, how are those who are saying that copy-trading "is good "doing with their trades?

¯\_(ツ)_/¯

I believe there's already $10 billion of leveraged trades that the market had liquidated since last week if the news is to be trusted.

I was really worried that they weren't doing well. The fiery market conditions have certainly had an impact on those involved in the markets, spot and futures. Copy trading is good when the trader understands when to buy and when to sell, but there may be many traders who failed on today's big correction. Not only in futures trading, but spot traders also really feel the impact.

But that would absolutely depend on your investment's time preference, no? Because if you're main strategy is to buy the DIP and/or DCA Bitcoin and HODL/low time preference, the current mini-crash is actually another golden opportunity to buy Bitcoin with a discount. While everyone is panic selling, HODLers are panic-looking for capital to use to buy the DIP.

For those who do have already the experience on dealing up with crypto investment or simply the movement that crypto do really have then its true that those holders would really be definitely be finding up ways to increase out their bag on which we know that this is really the sweetest thing that you would be doing on the time that the market would really be having that correction specially if its a deep one just like on what happened recently on which on the time or moment that it would really be making some recovery then you could really be able to at least sure that you are really that making profits on the time it happens.

Going back into the topic about copy trading on which this feature is really that available on most exchange platforms on which it would really be letting you to copy trades with those top traders on which it would really be that up into your own preference. Somehow it would really be having its cons considering that you would really be that needing up to at least engage up real trading scenarios on your own if you are really that tending to make yourself that learn on doing trading because following someone would really be never on making you a better trader.

If you are really just that fine with that then its your choice but majority wouldnt really be that liking this kind of set up because sooner or later you wouldnt really be
that finding yourself progressive on learning up trading on which on the time comes that you would be trying out to go solo then you dont have that sufficient skills and knowledge
because on what you have done.

[Davidvictorson]

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.

I was about to write my small experience with copy trading and I read this. And it really captures my experience. On the exchange were I wanted to try this the minimum amount I needed to start was $500. For me, the risk was too much and I didn't want to take it mostly because I was a newbie who was yet to learn about the traders whose trades I was going to copy. In my estimation, you are better off trading alone than copying another person's trade because I don't think you'll make much money as you think you would when copy someone's trade.

[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.

I was about to write my small experience with copy trading and I read this. And it really captures my experience. On the exchange were I wanted to try this the minimum amount I needed to start was $500. For me, the risk was too much and I didn't want to take it mostly because I was a newbie who was yet to learn about the traders whose trades I was going to copy. In my estimation, you are better off trading alone than copying another person's trade because I don't think you'll make much money as you think you would when copy someone's trade.

It is better to use an amount riskable to copy trade otherwise copying trade with huge amount could also amount to huge lose so, if you want to copy trade there are some things you needed as newbies but most of them aren't ready to do that because they believe doing that or taking that lesson is a waste of time since they believed so much on the person they are copy trading. Before copy trading they should look if their funds could cover up long period and what if the person they are copy can stay for long time than them even though he is running into lose it doesn't matter in as much they cover up then get back their funds.

[Wind_FURY]

OK, with the current mini-crash that's happening around different markets, and the fear that a recession is about to happen around the globe, how are those who are saying that copy-trading "is good "doing with their trades?

¯\_(ツ)_/¯

I believe there's already $10 billion of leveraged trades that the market had liquidated since last week if the news is to be trusted.

I was really worried that they weren't doing well. The fiery market conditions have certainly had an impact on those involved in the markets, spot and futures. Copy trading is good when the trader understands when to buy and when to sell, but there may be many traders who failed on today's big correction. Not only in futures trading, but spot traders also really feel the impact.

But that would absolutely depend on your investment's time preference, no? Because if you're main strategy is to buy the DIP and/or DCA Bitcoin and HODL/low time preference, the current mini-crash is actually another golden opportunity to buy Bitcoin with a discount. While everyone is panic selling, HODLers are panic-looking for capital to use to buy the DIP.

For those who do have already the experience on dealing up with crypto investment or simply the movement that crypto do really have then its true that those holders would really be definitely be finding up ways to increase out their bag on which we know that this is really the sweetest thing that you would be doing on the time that the market would really be having that correction specially if its a deep one just like on what happened recently on which on the time or moment that it would really be making some recovery then you could really be able to at least sure that you are really that making profits on the time it happens.

That's especially-extra true if those users have just started their Bitcoin accumulation phase this cycle. They need to purchase as much Bitcoin with a discount as they possibly can to HODL more units in Bitcoin as they possibly can, then DCA later.

Going back into the topic about copy trading on which this feature is really that available on most exchange platforms on which it would really be letting you to copy trades with those top traders on which it would really be that up into your own preference. Somehow it would really be having its cons considering that you would really be that needing up to at least engage up real trading scenarios on your own if you are really that tending to make yourself that learn on doing trading because following someone would really be never on making you a better trader.

If you are really just that fine with that then its your choice but majority wouldnt really be that liking this kind of set up because sooner or later you wouldnt really be
that finding yourself progressive on learning up trading on which on the time comes that you would be trying out to go solo then you dont have that sufficient skills and knowledge
because on what you have done.

If literally every pleb had the intelligence to choose the top 10% of winners in trading and started to copy-trade them, then where would the top 10% of winners win their money from?

¯\_(ツ)_/¯

[tygeade]

It is better to use an amount riskable to copy trade otherwise copying trade with huge amount could also amount to huge lose so, if you want to copy trade there are some things you needed as newbies but most of them aren't ready to do that because they believe doing that or taking that lesson is a waste of time since they believed so much on the person they are copy trading. Before copy trading they should look if their funds could cover up long period and what if the person they are copy can stay for long time than them even though he is running into lose it doesn't matter in as much they cover up then get back their funds.

That's true, but also it is smarter to figure out what would be profitable on that copy trade, like learn from it and be better thanks to it. I see people who copy trade based on some good trader and do not even check what they are doing at all, makes no sense to me right now, I have to say it is not going to be that easy to handle all of that.

I think it's smarter to just have something that will take some time, we are going to end up with something that is going to be not that easy, we need to consider how this would work for the long term. We are going to end up with a result that is going to see it changing, and this is why we should be considering how this will work out in the end one way or another.

[Baki202]

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.

Their are people that will claim it is working for them but how is that even possible for now, how long will you continue to depend on other people's trade before you can do your own trade, trading is not a big deal and we should have the mindset that if a person is able to do it what will be the reason I can not do it. Those are questions that can be used to challenge our selfs. So if that persons trade fails then automatically your trade has also failed. Things like thing we need to understand that we need to do things our self. We know learning it is not easy but their is nothing that can be out of hands so this are about finance doing better should be out priority while trading. Even if you are a newbie we need to work on our self till we get better at it. The more you are learning and losing the more experience you are getting. To much distraction and that is one of the reasons we not that focused in learning trading well. If their is any we should get rid of it and focus all that energy to getting better.

[SOKO-DEKE]

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.

Trading is not an easy thing, and I believe that nobody is an expert in terms of trading. Even those who claim they have good knowledge about trading also lose money in trading sometimes. So, if nobody is an expert in trading, why would someone fully depend on another trader's prediction always? Let's be aware that a great trader also experiences rough days too. So, if you now depend on him, that is how someone who is fully doing copy trading will also experience all the rough days and possibly lose all their money. It is really better for someone to search for trading knowledge and trade themselves, so they can continue growing and become a great trader.Try to be smart; always fully depending on someone's prediction in trading doesn't always end well.

[dansus021]

Should I Try Copy Trading? It always depends on you but based on your previous experience it seems you already put your money into a good lead trader. I tried copy trade before but ending up in losses but I put my money into futures copy trade which mean its already high risk at the first place.

Just opinion before make any copy trade make sure the lead trade are know with what he doing and copy trade tool nowadays has analytic from profit and loses and then winrate and etc. In the future i might gonna try copy trade by using spot only