Can copy trading be profitable - page 2.

Finestream

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Quote from: Questat on May 16, 2023, 04:42:47 PM

Quote from: ?? on ??

Definitely can, but the question is different - how zholgo? If this strategy was profitable now, will it be so later? There is no definite answer, and it is important to understand that copying may not answer this question.

And it was very important also to understand that copy trading can't assure you profit as well as it depends on the market situation and the trader.
Honestly, it was difficult to assume that we can make daily profit in trading when we are new. Many people have done copy trading as it was been promoted by some influencers but sadly to know that most of them had failed from their expectations. Yes, copy trading is not the answer and it can be suggested for beginners as a sort of trading experience but if we wanted to succeed, must work on our own.

Copy trading might be somehow profitable but not for long term use. And you can really gain an income if you trade successfully but the problem is you can’t tell if you can win your trades each time you trade. The reason why copy trading should not be encouraged because being dependent to it makes you less of a trader. You cannot grown on your own and you can’t develop your own working strategies out from your losses experienced from trading. It’s good if the market behavior remains the same and you can make profits everyday, but certainly it’s not. That’s why you have to hone your trading skills so that even if the market condition got worst, you still find ways on how to make your trades profitable.

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Quote from: Sexylizzy2813 on May 18, 2023, 08:51:32 AM

Copy trading to me is for someone who hasn't been in any line of business that's profitable, with time of following same step as others the long awaiting profits will come with new ideas. I mean when you don't have any ideas, you lack the time to do any trading on your own, you just have to follow in that part of copy trading, at least you engage yourself on something per say.
Whenever an individual involves in copy trading they sometimes forget about the risk but always remember the profitable side of it. IMO it's good to copy trade but is best to also apply a strategy to improve the business.

But if he doesn't learn about trading and copies other people's trades, I'm afraid he will find it difficult to profit because we also have to choose the trader while we need to check his trading record. We can't directly copy other people's trades without knowing how he trades and that's the same as we just leave the fate of our money to him. If he loses, we also lose.

And the risk of losing that money will be there but the biggest downside is that you will never have any trading experience. And even if you trade alone and take a loss, it will still be useful because you can learn from those losses and how to anticipate them.

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Quote from: Heyui67 on May 14, 2023, 06:05:19 AM

Is copy trading worth it

Can I make 20$ per day if I have 2000$

You asked big question without providing much details to your question because I don't know how you plan to gain $2000 from copying trades from other experience traders. You can earn such amount from copy trading with a large capital, with a $10k capital, a trade of 20% is enough to give you that profit but I am not sure if you have that amount of money in your wallet or trading wallet. I don't like it when traders do copy trading but one thing about copy trading is that they are very profitable during the bull run, or when the market is very bullish, few calls would change your life but they are very risky in a bear market.

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Quote from: Heyui67 on May 14, 2023, 06:05:19 AM

Is copy trading worth it

Can I make 20$ per day if I have 2000$

Depends on who you are copying. If you are copying some amateur, you will lose your money more quickly than if you would simply risk trading by yourself. If you were to follow a famous trader who knows what he is doing, you might find yourself profiting quite nicely. But personally, I would not trust anyone else with my trading. If you do not do your own research and do not follow your own strategies, then you are merely gambling your money by leaving it in the hands of someone else.

Learn trading first, learn how to do your research, make your own strategies. Don't be lazy. Especially when it comes to your finances.

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Sexylizzy2813

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Copy trading to me is for someone who hasn't been in any line of business that's profitable, with time of following same step as others the long awaiting profits will come with new ideas. I mean when you don't have any ideas, you lack the time to do any trading on your own, you just have to follow in that part of copy trading, at least you engage yourself on something per say.
Whenever an individual involves in copy trading they sometimes forget about the risk but always remember the profitable side of it. IMO it's good to copy trade but is best to also apply a strategy to improve the business.

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Quote from: jeraldskie11 on May 16, 2023, 05:24:25 PM

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Definitely can, but the question is different - how zholgo? If this strategy was profitable now, will it be so later? There is no definite answer, and it is important to understand that copying may not answer this question.

If they believe their strategy is not functioning well, they will improve it to raise their chances of winning. Master traders don't want to lose because they use their own money, therefore you won't have to worry about them losing your money. They are working hard to make their trades successful. However, it is very different if you trade your own money, but if you don't have the time to do so, copy trading is the greatest alternative for me. Just be certain that the trader you select was really profitable.

The reason there is copy trading is also because many people do not know how to trade but want to make money from it, it can be said that it is human needs that have created the concept of copying trading. Theoretically, that could also be considered a solution, but I want to ask, can you find a trader who consistently makes profits without losing? And have you seen anyone succeed with copy trading?

Honestly, once we want to succeed, we should rely on ourselves because there is no such thing as success when we depend on someone. Especially with an unpredictable market like cryptocurrencies.

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Quote from: Kelvinid on May 17, 2023, 04:53:12 PM

Perhaps, copy trading has been promoted online by many influencers to encourage people to try trading. Well, of course, it was good for beginners and I would say if make you profitable as well. But you are right mate, it won't make you successful in the long run and nobody will give you such a feature. Like if we wanted to improve and enhance our trades, we have to urge ourselves to learn our own and make our strategies as well.
For me, copy trading is just a stepping stone for us newbies to grow up and learn trading with the help of others but of course, we also need to stand on our own and make our journey personally.

For me, copy trading is just a waste of time because it doesn't teach you anything new and it doesn't always mean that you can make a profit by copying someone else's trades, because they can also be unprofitable. Also in trading, you need to find your comfortable trading rhythm and understand for yourself what is best for you, day trading, or possibly medium-term trading, and so on, and if you just copy someone, you will not be able to understand this. Well, by copying someone's transactions, you can also lose your trading deposit, so I don't see the point of this.

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I don't like copy trade at all, copy trading has high chance of loss. Copy trading cannot be done entirely depending on others. In order to trade, you must know something about yourself. There is no guarantee that the person you copy trading knows how to trade well.Copy trading strategy is great for those who are new to trading and know nothing about training. Successful investors have enough experience to make their own investments.With a capital of 2k you can make $20 or more in day trading as well as potentially lose. Everything is uncertain in trading so there is no way to say for certain how much you will profit or how much you will lose.

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Quote from: freedomgo on May 17, 2023, 04:45:53 PM

Quote from: Heyui67 on May 14, 2023, 06:05:19 AM

Is copy trading worth it

Can I make 20$ per day if I have 2000$

Copy trading is worth it if you are copying from a successful trader. But always know that it won’t be good for you in the long run since you become dependent on other trader and making yourself know nothing when it comes into your own trading.

Perhaps, copy trading has been promoted online by many influencers to encourage people to try trading. Well, of course, it was good for beginners and I would say if make you profitable as well. But you are right mate, it won't make you successful in the long run and nobody will give you such a feature. Like if we wanted to improve and enhance our trades, we have to urge ourselves to learn our own and make our strategies as well.
For me, copy trading is just a stepping stone for us newbies to grow up and learn trading with the help of others but of course, we also need to stand on our own and make our journey personally.

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Quote from: Heyui67 on May 14, 2023, 06:05:19 AM

Is copy trading worth it

Can I make 20$ per day if I have 2000$

Copy trading is worth it if you are copying from a successful trader. But always know that it won’t be good for you in the long run since you become dependent on other trader while making yourself know nothing when it comes into your own trading. Sometimes, it’s also good to trade and commit some losses and mistakes because that will help you to learn on your own. Also, trading never guarantees profits daily. There are times you may be profitable, but there are times too wherein you will ruin your trades and become unsuccessful. That’s how trading works in reality.

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Quote from: Vaculin on May 15, 2023, 04:58:32 PM

Quote from: Heyui67 on May 14, 2023, 06:05:19 AM

Is copy trading worth it

Can I make 20$ per day if I have 2000$

Copy trading cannot guarantee profit making. Even if you copy trades from professional traders, that won't mean that since those trading strategies work for them, then they will also work for you. Also, trading is never capable for daily profits. Though it can be a good side hustle but never expect that you will gain quick profits in trading. The ability to be profitable in trading depends on the trader itself but trading itself has its own process and depends much on the market behavior which will signify if your market trades will succeed or not.

does not guarantee profit does not mean it is unprofitable, out there there are many traders who make big profits just by copying trading but they don't randomly choose the traer they will follow, it takes several weeks of observation to determine whether the trader is making profits stably or fluctuating.

OP could have made $20/day with that much capital, it's just that he has to follow many traders because each trader has different capital. Apart from that, the choice of exchange to use is also quite important, what is highly recommended for copy traders is binance and etoro ^{(i've tried several times but take a break for now)}

one more thing, for anyone who wants to try to become a copy trader, you must slowly learn about trading techniques so that you are not constantly dependent on other traders and can start trading with your own thoughts and decisions.

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Quote from: darewaller on May 16, 2023, 03:55:49 PM

It's not that he is busy but maybe he is only lazy or find it hard to learn on his own because you know, trading is not an easy activity but it requires a good head and a lot of patience. Twitter is a social media and telegram is a messaging app, also known as scammers den. I will go for tradingview when it comes to trading matters.

Nothing sting like the truth, I also believe that people who say they are too busy and don't have time to learn about trading are lying. they feel it's too hard, they can't make money from it on their own, and they make the excuse of being too busy to seek help from others. they go to work to make money and trade also to make money, maybe even earn more than their main job if they know how to trade. So there is no excuse for not having time, all just excuses for their laziness.

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Quote from: jeraldskie11 on May 16, 2023, 05:24:25 PM

Quote from: ?? on ??

Definitely can, but the question is different - how zholgo? If this strategy was profitable now, will it be so later? There is no definite answer, and it is important to understand that copying may not answer this question.

If they believe their strategy is not functioning well, they will improve it to raise their chances of winning. Master traders don't want to lose because they use their own money, therefore you won't have to worry about them losing your money. They are working hard to make their trades successful. However, it is very different if you trade your own money, but if you don't have the time to do so, copy trading is the greatest alternative for me. Just be certain that the trader you select was really profitable.

Agree with these since as long as you know and really assess the historical trades of someone you whom would copy its trading styles and techniques, you can be at good hands and have a good result in the end. It is true that since their money is at risk at this trading, you can have some guarantee that they would really be analyzing their moves so that they can gain more in trading. So, it is possible to gain profit on it but you personally should have your own takes on this trading since you can have a decision to follow or not follow their trades. Just know that it is also a risk to copy trade and you should always agree that you can afford what you invest in this since nothing is guaranteed in the end.

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Quote from: darewaller on May 16, 2023, 03:55:49 PM

Quote from: inthelongrun on May 14, 2023, 02:36:41 PM

OP, it is very possible to earn $20 or even more in day trading with a capital of $2k because that is only 1%. The problem however is the consistency. I really doubt it. I did this many times before and sometimes with even less than a 1% daily target but it didn't work out.

Are you busy in life that you cannot study trading? Just learn the basics and then start finding someone you can copy trade on Twitter or Telegram or Tradingview. Avoid paying to day traders offering you copy trades or signals because most of the time it won't work.

You did what? Copy trading? Or you are the ones who trade on your own? Maybe you aren't really good in trading, that is why you are struggling to make a good income but if we are only going to copy a trader especially a really good one then they might make us consistent profit. The only way to find out is to try.

It's not that he is busy but maybe he is only lazy or find it hard to learn on his own because you know, trading is not an easy activity but it requires a good head and a lot of patience. Twitter is a social media and telegram is a messaging app, also known as scammers den. I will go for tradingview when it comes to trading matters.

Finding out whether you are profitable on following someone is something that you could answer on your own because we would be following into someone who would be likely on the top of the charts in speaking about profitability and overall statistics. The question is, could we be possibly be profitable? Yes and No and there's only two possible answers to that but in speaking about long term aspect and if you are really that heavily
reliant into a specific trader to handle or follow your trading positions then it would really be that a total disaster if ever he would stop. Would you find another trader to patch up the spot or you would be minding
to make yourself able to have your own trading strategies and ways or something that called analysis with your trades? Its up to someones preference because not all would really be having the time but
in speaking about capital or investment then it isnt really just that ideal that you would really be that be relying into those traders considering that we are just all speculators on this market.

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Quote from: Heyui67 on May 14, 2023, 06:05:19 AM

Is copy trading worth it

Can I make 20$ per day if I have 2000$

I want to start in the aspect of coping trade, you coping trade don't you know that coping a trade can lead you into advantages and disadvantages, it might be that the person copies your trade might fall as the person said, because I want you guys to understand that what makes me to propagate in aspect of trading might have to another person positively or negatively, it depends on your understanding.

jeraldskie11

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Quote from: ?? on ??

Definitely can, but the question is different - how zholgo? If this strategy was profitable now, will it be so later? There is no definite answer, and it is important to understand that copying may not answer this question.

If they believe their strategy is not functioning well, they will improve it to raise their chances of winning. Master traders don't want to lose because they use their own money, therefore you won't have to worry about them losing your money. They are working hard to make their trades successful. However, it is very different if you trade your own money, but if you don't have the time to do so, copy trading is the greatest alternative for me. Just be certain that the trader you select was really profitable.

Questat

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Quote from: ?? on ??

Definitely can, but the question is different - how zholgo? If this strategy was profitable now, will it be so later? There is no definite answer, and it is important to understand that copying may not answer this question.

And it was very important also to understand that copy trading can't assure you profit as well as it depends on the market situation and the trader.
Honestly, it was difficult to assume that we can make daily profit in trading when we are new. Many people have done copy trading as it was been promoted by some influencers but sadly to know that most of them had failed from their expectations. Yes, copy trading is not the answer and it can be suggested for beginners as a sort of trading experience but if we wanted to succeed, must work on our own.

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Quote from: inthelongrun on May 14, 2023, 02:36:41 PM

OP, it is very possible to earn $20 or even more in day trading with a capital of $2k because that is only 1%. The problem however is the consistency. I really doubt it. I did this many times before and sometimes with even less than a 1% daily target but it didn't work out.

Are you busy in life that you cannot study trading? Just learn the basics and then start finding someone you can copy trade on Twitter or Telegram or Tradingview. Avoid paying to day traders offering you copy trades or signals because most of the time it won't work.

You did what? Copy trading? Or you are the ones who trade on your own? Maybe you aren't really good in trading, that is why you are struggling to make a good income but if we are only going to copy a trader especially a really good one then they might make us consistent profit. The only way to find out is to try.

It's not that he is busy but maybe he is only lazy or find it hard to learn on his own because you know, trading is not an easy activity but it requires a good head and a lot of patience. Twitter is a social media and telegram is a messaging app, also known as scammers den. I will go for tradingview when it comes to trading matters.

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Quote from: Heyui67 on May 14, 2023, 06:05:19 AM

Is copy trading worth it

Can I make 20$ per day if I have 2000$

Even though 20 dollars may seem like a little profit to get from a daily investment of 2000 dollars, I don't think there is any assurance that traders will always earn profits because markets may occasionally no go the way they may planned it, regardless of how adept they may be at forecasting future trends.In fact, I will never advise anyone to engage in copy trading especially newbies because nobody is perfect and someone's first attempt may even result in losing. Instead of being desperate to make money quickly by engaging in copy trading, let's try to find time to learn how to trade and able to trade independently instead of blindly copying other traders.

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Quote from: serjent05 on May 14, 2023, 03:21:29 PM

Quote from: inthelongrun on May 14, 2023, 02:36:41 PM

OP, it is very possible to earn $20 or even more in day trading with a capital of $2k because that is only 1%. The problem however is the consistency. I really doubt it. I did this many times before and sometimes with even less than a 1% daily target but it didn't work out.

consistency won't be a problem the moment @OP learned the inside and out of trading. Since he is only aiming for 1% of his trading capital I think it is doable.

But what is the real secret of knowing the inside and out of trading? Maybe you can share it here so OP will learn it? Of course, I also need to know, I tried many strategies before and they did not work for long. So I thought strategies will only work for some time and then traders need to develop another strategy to gain from the market.

I remember when I tried to increase my daily trading capital to $10k so I can target a net profit of at least 0.50% daily. And even with that very small target, I failed to become consistent. And after trying to make more strategies to earn from the market including not putting a stop loss, I end up losing nearly 50% of my capital before I stopped day trading once again.

Or maybe trading is not for me. So I might just again try copy trading in crypto but I want it free this time or at least free in the first few days or weeks to test if it works. I hope OP will make an update if ever he is able to find a consistent trader he can copy trade.

Topic: Can copy trading be profitable - page 2. (Read 599 times)