3068 Trades Won and only 1 Trade Lost - page 2.

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Quote from: logfiles on June 08, 2023, 04:52:59 AM

That will be recorded as a win for him. What he will care about is the win rate but not the ROI which could as well even be in negatives due to fees.

But what is happening is against the concept of copytrading, meaning that the main goal is to achieve profit and a high return, such useless gains, and if it is real, then it is scam because it shows the user as if he is an expert, while all he does is content with a little profit.

It is like someone who opens the trade and does not close it until after he earns a dollar. It is true that he earns daily, but the return on investment may be the least that the banks give you and without getting tired.

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Quote from: adaseb on June 07, 2023, 11:29:20 PM

It’s basically impossible to have a hit rate that well. Most likely what he is doing trading with extremely low leverage and basically never closes his losing trades. He probably keeps them open.

Exactly.

For example, 2x leverage is a good one for high market cap coins like BTC. Longing it at the current price would mean liquidation price would be at around 13K. If using small margins like 1 or 2 dollars, the trader can even afford not to use any stop loss or risk reward ratio and will close the position at whatever price is above the entry price. That will be recorded as a win for him. What he will care about is the win rate but not the ROI which could as well even be in negatives due to fees.

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Quote from: david678345 on June 07, 2023, 04:44:26 PM

Hi on the Bingx copytrading platform there is a trader with 3068 trades won and only 1 trade lost. He only trades long and with only x2 leverage.

Using a low leverage like x2 is wisely and good in risk management. It will help that trader to avoid forced liquidations better. That stats is very impressive, 3069 trades and only 1 lost trade, that is nearly perfect.

Quote

Does anyone know what strategy he uses and why he only trades long and how he gets those results? I understand he uses a bot?

I don't know that trader but assume your information is true, he must use a very strict trading strategy. He must be very disciplined and accept to don't trade if risk is big. It means when he opens a trade position, he knows chance to get profit is big. If he trades manually, he must be a very disciplined trader.

However I believe he traded with a trading bot but you provided lack of information. 3069 trades but I need time for those trades, within 1 month, 6 months or 1 year or 2 years.

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Well unless you talk to him and have some interview then you'll get to know how he's able to make such trades more wins and have that accuracy.

As you've said he uses only 2x leverage and that's low and I guess that he's aware of what he's doing. It's also possible that the pair that he's doing it is with btc/usdt so he gets in with a perfect timing just after the market plummeted.

Maybe that's it and maybe not as well. We will never know until that guy you've seen on that platform speaks for his own.

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He cheats, or uses very very small (1 cent trades) on a big bankroll of 1000 dollars or something, and as soon as it hits 1 pip he sells, with no expiry or deadline, and on a very small market cap coin that he himself controls (trades between himself).

Easily done, all done before, without further data it is simply not possible to understand how profitable he actually is Wink

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Quote from: david678345 on June 07, 2023, 04:44:26 PM

Hi on the Bingx copytrading platform there is a trader with 3068 trades won and only 1 trade lost. He only trades long and with only x2 leverage.

Only one lost? Thats odd. Its super effective method whatever it is. Plus can you share some proof this could be just a show off in any case cause the win rate is too high. I think that would be great to follow if ever its true. Though 2x leverage cant be considered high risk and almost the same with spot trading.

adaseb

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It’s basically impossible to have a hit rate that well. Most likely what he is doing trading with extremely low leverage and basically never closes his losing trades. He probably keeps them open.

You need to becareful with many of these Copy traders. They usually get a lucky streak but it’s short lived. Eventually you start to follow and shortly after some trade goes against them and they end up blowing their account up and yours. Most profitable traders don’t share their positions.

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If you read the negative comments about them https://www.trustpilot.com/review/bingx.com?stars=1, you will find that most of them are concentrated in Very unprofessional staff or problems with the support team, so I will not rule out that this account is managed by managers, or at least Associated with them in order to attract others to use his trading copies or to use the platform as a whole.

These services are based mainly on the greed and laziness of the users. The user does not want to learn trading and is lazy to learn trading, he is looking for a quick solution and definitely will not search much when he finds something good to be true, so he follows that thing without thinking. This thing may be 3068 Trades Won and only 1 Trade Lost. The only losing deal is to drive away doubts.

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Quote from: milewilda on June 07, 2023, 06:15:37 PM

Even if he would really be doing this then it would really be still considerable when you are tending to scalp out price movements or basing on volatility but of course you would really be needing to consider those fees
everytime you close an order which would really be making out deductions. AS for that 3068 trades win with 1 trade lost then it is really that exceptional basing up on the numbers but its true that i could really repeat out that very small margin in terms of price and then closing up a winning trade which it do really really counts. As for strategy then there's no way on knowing on what strategy he is using whether having that bot or manually be doing this.

The major reason I hate some of this copy trading stats is that someone could actually be using a very small equity to trade, like 1% of his total equity or even just 1 dollar. He will open 100x leverage positions, price moves the direction by over 10%, his ROI goes somewhere close to 1000% and boom! He's account gets ranked as the top traders by ROI just for risking $1 or 1% of his totally equity.

Since a very small margin is used, even the fees will not be that much. So he could go on for quite a good number of trades before thinking of adding a few more dollars to the derivatives account

I wish OP would tell us the name of the account trader. I have a Bingx account, I would love to check out his statistics.

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Quote from: logfiles on June 07, 2023, 06:08:12 PM

-snip-
I could use 2x leverage longing Bitcoin with just only 5 dollars as my equity, I open a position and close it few seconds or minutes later when the price increases by 5 or 10 from the entry price

which is very easy to achieve on Bitcoin and this will be recorded as a win.

Leverage of 2x is certainly a very low leverage and the risk is also lighter. Only doing long trades so he is more relaxed.
Look at the volume of trading he does, of course, he uses large funds to do it, because if you only use a small amount of profit will also be smaller.
He has his own strategy and analyzes well.

That may be his strategy so that his trading activities look more with less defeat. it is useful to attract the attention of people to follow him and choose him.
Then the profit he will get will also get.

milewilda

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Quote from: logfiles on June 07, 2023, 06:08:12 PM

Quote from: david678345 on June 07, 2023, 04:44:26 PM

Hi on the Bingx copytrading platform there is a trader with 3068 trades won and only 1 trade lost. He only trades long and with only x2 leverage.

Does anyone know what strategy he uses and why he only trades long and how he gets those results? I understand he uses a bot

It would be interesting to know what his risk reward ratio is and how much profit he has made percentage wise and value wise after3068 trades.
I could use 2x leverage longing Bitcoin with just only 5 dollars as my equity, I open a position and close it few seconds or minutes later when the price increases by 5 or 10 from the entry price

which is very easy to achieve on Bitcoin and this will be recorded as a win.

I could repeat this over and over again and make it look like I have a very good trading strategy with a high win rate, yet I am not actually making any good profits.

Even if he would really be doing this then it would really be still considerable when you are tending to scalp out price movements or basing on volatility but of course you would really be needing to consider those fees
everytime you close an order which would really be making out deductions. AS for that 3068 trades win with 1 trade lost then it is really that exceptional basing up on the numbers but its true that i could really repeat out that very small margin in terms of price and then closing up a winning trade which it do really really counts. As for strategy then there's no way on knowing on what strategy he is using whether having that bot or manually be doing this.

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Quote from: david678345 on June 07, 2023, 04:44:26 PM

Hi on the Bingx copytrading platform there is a trader with 3068 trades won and only 1 trade lost. He only trades long and with only x2 leverage.

Does anyone know what strategy he uses and why he only trades long and how he gets those results? I understand he uses a bot

It would be interesting to know what his risk reward ratio is and how much profit he has made percentage wise and value wise after3068 trades.
I could use 2x leverage longing Bitcoin with just only 5 dollars as my equity, I open a position and close it few seconds or minutes later when the price increases by 5 or 10 from the entry price

which is very easy to achieve on Bitcoin and this will be recorded as a win.

I could repeat this over and over again and make it look like I have a very good trading strategy with a high win rate, yet I am not actually making any good profits.

jeraldskie11

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As a result, his win percentage is around 100%. It's certainly achievable with little leverage, as you said previously. Even if the leverage is simply x2, a tiny percentage increase in price will gain you a lot if your capital is so large. So if he closes a position with only a 1% to 3% profit, it is considered a victory. Because he only experienced one loss, I believe his stop loss is set at a risk-reward ratio of 2:1 or 3:1. I've seen some folks that trade in this manner and are still profitable. We don't know what his approach is, but he most likely just trades when the market is trending. He appears to be a scalper trader.

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The first thing you should know is that it is using a low leverage.

No one can know his strategy unless you know him and ask him about it.

But you can always have your own strategies and move towards the one that favour you the most.

Risk management, using low leverage, learn more about indicators, controlling your emotion and to be discipline are part of trading strategy, but there is more to it.

david678345

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Hi on the Bingx copytrading platform there is a trader with 3068 trades won and only 1 trade lost. He only trades long and with only x2 leverage.

Does anyone know what strategy he uses and why he only trades long and how he gets those results? I understand he uses a bot?

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