Topic: Automated Copy trading (Read 453 times)

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.

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.

I'm a little nerd. So I'm just telling you what I know. When it comes to automated trading, there are some exchanges that follow the trader. Among them is one Bitget,bybit. These are popular nowadays and the functions are very easy to understand.

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.

I would advise anyone against using copy trading, for newbies it may seem exactly what they are looking for, as this is a way to exploit the knowledge of someone else for their personal gain without the need to spend any effort to learn how to trade on their own, however things are never as rosy as we believe they are, and huge losses are still very likely, with the difference that the one trading on their own will at least learn something out of it, while those that are copying others will be clueless about why this happened to them.

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.
They will really be that definitely having no time or considerations on making themselves as a better trader and this is usually newbies who doesnt really like to exert effort much.
Yes, they could be profitable and something that give out benefit but this one doesnt last forever.

There's no such thing that could last up forever and if a certain trader who do stop on making auto copy trades then what would you do? You will definitely be ending up on trying to search up for another
on whereas if it would really be that simple if you do able to learn up things on your own or having that own trading skills on which you will really be that becoming independent.
Nothing beats out if you do have that particular skills specially on trading.

This is the main issue for most people who do really just that simply rely basing up into the things that they are depending into and believes that this wont be able to stop
in a particular time.

Yes, the traders who open lead trading accounts already have enough funds and some losses won't bother them at all but the general public who can't afford to lose a lot might get bankrupt when those traders face losses. It's 10x better to only check their technique and see what happens. In the end one might learn that no trader is perfect and even the top lead traders could also lose money.

They essentially gamble on a horse they can't predict 
So, it can be done and can be done well, however, the analysis should still be put to work.

Yep - also the fact that the percentage (ROI) of these copy-trading deals is great, whereas the fact that it is so because it was done for a year or so is often forgotten or not seen by the people.
It's not like copy-trading is a magic wand of sorts.

Who told you that copy trading is the most recommended? Well, if you see that online or through brokers/exchanges, you should know that it's probably a marketing gimmick to make their platforms more active and that means more money to them. They now resorted to that due to the discouragement after losses, people trading are reducing for fear of losing more. If copy-trading success is that easy, no one will be trading themselves again and those copy-trading platforms must be very rich and more popular now, but the reverse is the case. I am not saying that copy trading is bad, but you will hardly see the encouraging ones.

People will see it as a passive income when they do copy trading. But I agree that everyone who does it should know what they are up to and what they are doing. Because if they don't, they're playing fire with their money and it's easily burned and flammable.

It's okay to do it but everyone who does copy trading needs to have certain knowledge in trading. What I am noticing is that influencers and people that are introducing others to crypto trading are telling them that they can sit back and relax and just copy others people trades which is wrong in the sense that they have no idea what they are doing.

Yep, usually on diffrent platforms there are traders who get the most lucractive percents, but they do have their bots going for a year or years.. And that's why there is so much profit  A person could do basically the same by just holding for the same amount.

the problem with copy trading that I can see so far is, probably the fact that there can be some expert trader that created a good looking account speaking from trading history and then just use it to use pump and dump once they've gained enough follower for them to move many people's money.

this can be the implication so far.

seeing from the testimony of other people as well in other social media platform, I think copy trading isn't so great either in term of profitability, it just the same as following random people blindly.

I wouldn't want to recommend a platform now as I understand that I could and it may not turn out well and you may blame it on the me or probably the forum because you would say you got the advice off this forum but quickly you can scout some platforms and I will give you few tips to finding some one to copy their trades, my tips may not be binding but will most definitely help you, before you copy any person, make sure their realize PnL isn't looking too good to be true, depending on the time frame, if it's monthly, quarterly or yearly, just make sure it's something realistic and you can work with, secondly check their losses in between if your account can be able to survive bad days , you can get this via their cumulative for the week of the month then pick an average to be able to have an idea of possible scenario. Check for commissions for the platform and the trader so you don't give a greater part of your profits to their commissions.

It's great to have copy trading when you know what you are doing and maybe as a side hustle, however, the main thing should be you, doing it in "manual mode", in my opinion.

it will be a risk for traders who do copy trading. because they are handing over their money to other people's trades and if the trade loses, then they should already know.
copy trading may be used if you find a good trader to follow. but not routinely. it is better to continue to maximize our own abilities even though we are not very good at it, we can hone it gradually.
traders who follow copy trading cannot always just copy other people's trades. if they want they should have a way to grow their skills.

to be fair , some people are just not cut it for trading so copy trading can be an alternative, but I wouldn't recommend copy trading. I've heard some reviews about copy trading is that, most of them just outright lose their money after decided to follow certain trading experts in copy trading, I know that copy trading also has its loophole where the supposed expert trader can misuse the trade for their own benefits. so it's also concern.

if it's just small amount of money I guess it's not a big deal since if the money is lost due to poor performance of the trader we copied, we can just move on therefore you can always try it out yourself, but I would never recommend anyone to copy trade with huge chunk of money.

if anyone is doubtful, just test the water and decide by yourselves.

It may be good at the beginning but as you go thru your trading journey, better do it on your own and learn the skills. You can acquire those tips and tricks that you can employ whenever you trade. As each project is unique, no single strategy can help you out in every trade.


If you are deploying this technique, better use small funds and see where it goes. Because these traders won't answer your losses. Also, they have more than enough to sustain their losses. Unlike you or others, if you are relying for certain income from this activity, you can easily end up as bankrupt.

That is why it is preferable to duplicating someone's trading approach, however he does favor some people if they find a superior person who can execute his strategy well. And some people just take huge risks, and if you don't know what they're doing and follow them, you'll lose if they fail. So it is preferable that you learn about it so that you may conduct your own analysis and benefit from it, but I do not believe that mimicking a trader is preferable because you will get no experience. I believe that copying is more risky than conducting your own analysis. Because what you learn then witnessing someone that he did, you will undoubtedly believe that your on is helpful, because you truest it since you are the one that do it and you can get profit from it if he go well.  If you have enough money to risk you can copy and you can probably get profit if he go well but no any professional can probably tell you, you should copy someone trade he will like to teach you how he works, because copying can't improve your experience in trading.

It is definitely better to hone your own talents and form your strategy, rather than copy trading, but mind you that developing your own strategy does not guarantee success, in trading you can never be certain of success, but you can only increase of your chances of it. Managing risks is also imperative if you want to be a good trader, you ought to know when to stop and trade later, because things cannot always go in your favor.