For those someone who do decide about automated trading or simply with those copy trading on which these are people who doesnt really like to make progress or enhancing when it comes into their trading skills.
Those people actually want to earn money and they are the lazy fellows who don't give proper time to learn trading themselves but want to earn easy money by following profitable traders. They actually don't understand that they won't always earn profits by following big traders as the trader will actually have enough liquidity to make profit due to the copiers, actually that happens quite often when it comes to meme coins.
can vouch this one so many shillers just taking advantage of their follower, I can imagine the same thing happening with copy trading, I mean when there's hundred thousand grand following your trade alone you can take advantage of it by buying micro cap alts and exit when the price going up.
copytrading just feels like a really flawed way of making money in my opinion.
you just entrust your trade on some stranger where they can just take advantage of you anytime they want, the PnL demonstration of their trading history doesn't guarantee future PnL either, at most it's just a decoration, since they can be going downhill in term of profitability in the future.
Trying out to make yourself hover into those known exchangers and seeing those traders who do make some good PNL's on which if you are really that interested with copy trade or following then you will really be searching for the most profitable or whose at the top and you will really be that deciding on following them because you are confident that this could really be that make yourself profitable as well in exchange with some deductions or some commissions on where that trader gets plus with those exchange fees in the moment that you will really be taking up some profits. You should be putting up into your mind that there's no such thing about guaranteed profits into this one because on the time or moment that you do make out some trades plus having that unpredictable market then those PNL's you would be seeing turned out to be negative.
Nothing beats out if you will really be the ones who will really be making up some manual spot trading rather than on having those automation. If you dont have that sufficient time and a bit lazy person then you will be likely be opting out with this option. Well, we do have our own preferences and liking basing up into our conditions. For those people who do have tons of vacant time then they will really be that dealing up with the market on full time manner in compared to those who do have some day job then it will really be that relevant that you do go for copy trading and hoping that it will turned out to be profitable.
Just make yourself that wary that not forever we will be following someone and in terms of profitability. So this is why its important that you do also bare up with the risks involved.
