Copy Trading - experience and tipps | Bitcointalksearch.org

Bitcoin_people

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Quote from: ADCrypto101 on April 18, 2022, 11:11:47 AM

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

Copy trading is basically relying on others I think, there is some risk here but it will never make you an expert. Most of the time we know that many copy trading are offered in forex trading where new users use them only in hope of profit. Although copy trading pays well for beginners, it will not work in your future if you depend on others to trade. And if you start trading with your own experience and advice from experienced people then it will be best for you. And if you trade using your skills, then you will definitely be successful in the future and become a good trader.

LindaFuentessmm

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My experience with copy trading was not a good one. You had better take out time and learn how to trade yourself than leave the entire trading decision to be made for you by someone else.

Essential10

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The number of successful people trading in the world is very few. At most everyone loses money by trading. I couldn't emphasize enough that you can succeed in trading and I couldn't emphasize enough that you can't do anything in trading. Basically you can never win trading by following others. Everyone has their own strategy in trading. You are not like me, I am not like you. Better to focus on learning and developing your own trading skills and techniques. Trading can lay a solid foundation for future potential success. Success in trading comes through hard work, discipline and continuous learning. Instead of depending on others, we should strive to be independent and wise traders. It is up to us to take control of our trading journey and pave our own way to success. Although not a sustainable approach to building a successful future in trading.

ItsCrafty

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Quote from: jossiel on April 19, 2022, 05:55:48 PM

I think I've tried it before with a platform that allows this feature.

It's not worth it.

Their small loss, you might lose big because you'll never know that whenever you copy someone's trade, there could be a fee that goes to the person you copy.

That's just one reason and you have to look at the factor that you need to rely on yourself rather than relying with the others.

Actually every copy trader have different rules they give profit and loss on percentage if you choose a copy trader which is give 10 percent profit so if he getting profit you will get 10 percent of you amount only and this is Ricky if he didn't used stop loss may be you loss all your money with them so better we should invest with very thoughtful so we can save ourselves from loss and the best thing is to choosing a best copy trader

ItsCrafty

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In copy trading I didn't use it before but almost I m searching some times the copy traders profiles I have point out some things which I would like to discuss with you first of all I saw all copy traders have both profit and loss I didn't see a one copy trader which have all loss or all profits where they get loss also get profit but you just check the people profile who get less loss and they have good knowledge in this trading they use stoploss they have knowledge about the best buying selling price of coins

benalexis12

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Quote from: ADCrypto101 on April 18, 2022, 11:11:47 AM

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

Copy trading still has its pros and cons; investors should know that too. Because there are other traders in the exchange that provide copy trading services, they do a trick that even if their trading performance is not good, they will still say that their performance is still good, especially in the percent profit that they can give to those who choose their investors.

Then my advice to investors who copy copy trading is to make sure the track records you copy are legit and not just fake, because by chance your investment will be liquid for sure.

dansus021

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I want to ask simple question if there a person who made a lot of money from the copy trading share the lead trader now and let me see what is the good criteria.

Since I made total loss doing copy trading.

Assface16678

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Quote from: Pandu Geddon on May 27, 2022, 06:58:12 AM

Quote from: doomloop on May 27, 2022, 03:14:46 AM

That's alright, I like to copy trades of a few of my friends as well, specially one of them who stopped giving help because he caused some people to lose money once, and even though nobody said anything (because we profited a lot more thanks to him before) he ended up not giving anymore but loved following him up.

Overall, it is okay to copy someone's trades if you know them and followed them up and know what they are after or how they make a profit and if you can chat with them. This was my friend, so I literally hang out with him, and I know his intentions, he didn't mean anything bad each time he offered an "idea" basically and that's why it's cool to follow them up.

most importantly we must be aware that if the trade suffers a loss, never blame the person you are copying.
people who do copy trades certainly have limitations and prefer to believe in other people who feel they understand better. as long as it's still profitable and we can still learn, I think using copy trade from other people is fine.

And also keep in mind that those who's planning to do copy trading should consider their capital and how the person they choose to copy trades, for example the trade that they copy has a lot of capitals and the trade has a big leverage then it could be dangerous for those who has limited capital or not so big capital, as of course in trading there's a down trade that's why equity is important, more deposit or capital the bigger the equity and if the equity can't keep up because of the down trade because of big leverage then you will lose your money or the trade while the one you copy still in play, so better know the basics of trading first before doing copy trade, because although you copy trades you still need to think before you do so, and copy trading is not that simple, if you think you can earn awals by copy trading then think again.

gunhell16

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Quote from: leonair on November 16, 2023, 12:19:47 PM

Quote from: ?? on ??

You bring up a valid point, sklopan. While demo accounts are excellent for learning and practicing, they might not fully prepare traders for the emotional and psychological aspects of real trading. It's in the live market with real funds that the true challenges and learning experiences come into play.

For those who don't know how to buy a coin, how to sell, how to set stop loss, take profit, etc. Demo account will be very useful. But if you already know them then it is better to trade with real money instead of using demo account. Because you will fully understand when you make a wrong move and lose. Because people learn the most from mistakes. You can't learn well if you don't make mistakes. But it is better to start trading with small amount of money in the beginning

Before I tried the demo account, it's nice for practice, but when you truly do it to earn money, making money first is extremely different, so instead of a sample account, it's better to perform your own trading on an exchange.

It also does not imply that if you mimic other people's trading, you will make the same profit. That is not correct. Why haven't you noticed that if you copy something incorrectly, the output will be incorrect as well? Is it clear that what you copied incorrectly will not still be correct?

coupable

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Quote from: DVlog on November 20, 2023, 02:59:18 PM

Copy trading can be profitable but you need to understand that someone else will be in charge of your funds so it can go both ways. According to my understanding, I prefer to determine whether the person I want to copy is aware of what he is doing. It can be done by watching his YouTube videos or by directly talking with him. This will give me more confidence that the person i am copying for trade is a knowledgeable one in this sector so if anything goes wrong i was just unlucky and that person is not to blame. It is not possible for any trader to have a 100% successful trade.

The main question is "There are people who are making profit out of copy trading?" Does anyone have approximative statistics about this kind of trading/investment?
I am among the convinced majority that this method is closer to a SCAM scheme than a successful strategy. There are many reasons to confirm this, but the most important thing that distinguishes these plans is that we are talking about investments in crypto, not fiat money. Therefore, the investor will not turn to an official institution or licensed agency, but rather to a person who claims to be skilled in a field in which no one can prove any degree of competence. I can guess that the number of people who suffered losses by adopting this strategy is much greater than those who achieved profits.

DVlog

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Copy trading can be profitable but you need to understand that someone else will be in charge of your funds so it can go both ways. According to my understanding, I prefer to determine whether the person I want to copy is aware of what he is doing. It can be done by watching his YouTube videos or by directly talking with him. This will give me more confidence that the person i am copying for trade is a knowledgeable one in this sector so if anything goes wrong i was just unlucky and that person is not to blame. It is not possible for any trader to have a 100% successful trade.

tjtonmoy

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Activity: 1008

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There are people who are making profit out of copy trading but it is not for everyone. If you were someone who have been trading for a while now and you are quite successful at it, then you can do whatever you want. Because with copy trading, you can easily see what's wrong in it and if it's good for you or not.
But if you're just starting as a newbie, then copy trading is not for you. As a newbie trader, your focus should be learning how to trade. Maybe should not come into account until you learn how to trade properly. If you go on copying someone else's work, you will never learn. You can only see what kind of trade those traders are making but not the amount, not the market price that they have entered, not the leverage they are using. You only get to know if you have to short it or long it. How do you learn with that information?

Focus on learning on your own. Even if it takes a lot of time, in the end it is totally worth it.

Lanatsa

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Quote from: fauzan Ichsan on May 29, 2022, 03:35:49 AM

Quote from: rby on May 26, 2022, 06:07:30 PM

Quote from: Fatunad on May 25, 2022, 03:30:20 PM

Quote from: bitcub on May 25, 2022, 02:36:42 AM

Theres a 50 - 50 chance of getting profit in copy trading, as the people you copy might trade with a wrong direction thus might put your investment into liquidation. I would suggest to invest also in trading knowledge, enroll with a good and risk free trading course.

Risk-free word doesnt really suit out on any investment because no matter how good you are on a particular state it wont really be still meaning of 0% risk which is totally impossible.
As for copy trades then it would really be having that divided chance whether you do end up on getting profitable or would be losing your investment or capital
with the decision or hands of others which do really sucks but if you are pursuing this kind of system of your investment then go ahead but its really wise
on learning also into the other side of things at least.

There is no invest that is 100% risk free. Some people make good returns from copy trading when they have a real source whose strategies are working. However there used to be some drawbacks. One of which when you don't know the kind of strategy that someone you are copying has. Even if you are using a small lot size, you could end up blowing your account when more slots are opened more than your account could hold. Failure to follow every step may make you not to be successful in the end.
So, even when you are copy trading, you need some minute skills to manipulate the process.

the best thing to do is to trade yourself. the only problem is that when we are beginners, we are still looking for a strategy that is suitable for our trading. by following copy trading, then we can learn how to trade them, but we also have to look for copy trades whose growth is healthy. and one more thing, don't let us use all the capital we have, because after all, our funds are managed by other people

When you are still a noob then it wont really be that an issue or a problem if you do tend to see someone or trying out to copy.The only thing that you must do that in every step or thing you've been copying is that
you should really be trying out realize and make learn with those things that you've been copying so that you would really be able to learn and able to make yourself that having progress on the things that you've been doing.If you do find yourself that be able to learn up along the way then its a must thing to be done rather than on relying on others analysis for the rest of your life.Its not bad to copy and follow
but it would really be just that right that you should really be that be sensible that making on your own should really be your main priority.

Nothing beats out if you could really be able to make your own analysis and trading decisions in the future. If you arent that serious with your trading career then you wont really be
mindful with this matter but if you are really projecting yourself to sustain out long term then you would really be minding yourself on trying out to learn it as much as possible.
Yes, its something that would be hard but doesnt mean that it cant be possible.

Vispilio

legendary

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You need to have a very clear understanding of the motivations of the traders who sign up to copy trading programs as asset managers.

Most of them like to take an excessively high risk approach with very little of their own capital so they can see great returns from the profit share of their subscribers, without putting too much skin in the game. From my observations, most of the asset managers in the Binance copy program fall into this camp so far...

Very rarely you can find someone who is trading successfully on his own and wants a little publicity, like fulfilling one of these 10k to 1 million challenges or similar; in those exceptional cases, if you need diversification from your own strategies, copy trading might be a viable bet...

leonair

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Activity: 1400

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Quote from: ?? on ??

You bring up a valid point, sklopan. While demo accounts are excellent for learning and practicing, they might not fully prepare traders for the emotional and psychological aspects of real trading. It's in the live market with real funds that the true challenges and learning experiences come into play.

For those who don't know how to buy a coin, how to sell, how to set stop loss, take profit, etc. Demo account will be very useful. But if you already know them then it is better to trade with real money instead of using demo account. Because you will fully understand when you make a wrong move and lose. Because people learn the most from mistakes. You can't learn well if you don't make mistakes. But it is better to start trading with small amount of money in the beginning

Oilacris

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Activity: 2996

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Quote from: ?? on ??

In my opinion, this kind of work significantly weakens the trader's desire to develop. When I started working in this industry, I tried my solutions on a demo account of AMarkets broker. This allowed me to get the desired result.

Demo account is just good for practice and familiarizing technical tools and indicators but it wasnt really mean on enhancing your emotional and psychological aspects when it comes to decision making

which is something crucial when it comes to trading because having no involvement of real funds wont really be putting you into a mood on taking serious risk management since you do know that you cant lose something because those are just demo money unlike when you are using real funds then this is where real story starts and real experiences where lots of trials and errors
would be made.

Making yourself get involved with real market with real funds is something that you should really focus on.Yes, it wont be that easy but this is the only way
on making yourself improved.

fauzan Ichsan

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Quote from: rby on May 26, 2022, 06:07:30 PM

Quote from: Fatunad on May 25, 2022, 03:30:20 PM

Quote from: bitcub on May 25, 2022, 02:36:42 AM

Theres a 50 - 50 chance of getting profit in copy trading, as the people you copy might trade with a wrong direction thus might put your investment into liquidation. I would suggest to invest also in trading knowledge, enroll with a good and risk free trading course.

Risk-free word doesnt really suit out on any investment because no matter how good you are on a particular state it wont really be still meaning of 0% risk which is totally impossible.
As for copy trades then it would really be having that divided chance whether you do end up on getting profitable or would be losing your investment or capital
with the decision or hands of others which do really sucks but if you are pursuing this kind of system of your investment then go ahead but its really wise
on learning also into the other side of things at least.

There is no invest that is 100% risk free. Some people make good returns from copy trading when they have a real source whose strategies are working. However there used to be some drawbacks. One of which when you don't know the kind of strategy that someone you are copying has. Even if you are using a small lot size, you could end up blowing your account when more slots are opened more than your account could hold. Failure to follow every step may make you not to be successful in the end.
So, even when you are copy trading, you need some minute skills to manipulate the process.

the best thing to do is to trade yourself. the only problem is that when we are beginners, we are still looking for a strategy that is suitable for our trading. by following copy trading, then we can learn how to trade them, but we also have to look for copy trades whose growth is healthy. and one more thing, don't let us use all the capital we have, because after all, our funds are managed by other people

thet

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Activity: 322

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elysian.finance

Quote from: ADCrypto101 on April 18, 2022, 11:11:47 AM

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

My husband is doing that kind of trading most of the time he is earning but you need to check first the chart how ut is going. It is important to learn more and not only trading and copying the position of other professional traders.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: doomloop on May 27, 2022, 03:14:46 AM

That's alright, I like to copy trades of a few of my friends as well, specially one of them who stopped giving help because he caused some people to lose money once, and even though nobody said anything (because we profited a lot more thanks to him before) he ended up not giving anymore but loved following him up.

Overall, it is okay to copy someone's trades if you know them and followed them up and know what they are after or how they make a profit and if you can chat with them. This was my friend, so I literally hang out with him, and I know his intentions, he didn't mean anything bad each time he offered an "idea" basically and that's why it's cool to follow them up.

most importantly we must be aware that if the trade suffers a loss, never blame the person you are copying.
people who do copy trades certainly have limitations and prefer to believe in other people who feel they understand better. as long as it's still profitable and we can still learn, I think using copy trade from other people is fine.

sklopan

jr. member

Activity: 98

Merit: 2

It should be understood that this will not give much experience. It is important to understand that this leads to the fact that the trader simply copies the trades of others and often simply does not think about how to do better.

Topic: Copy Trading - experience and tipps (Read 985 times)