I never heard Bitget exchange so I don't think if it's safe to use their exchange I search a bit on our forum but only few threads that I found mention this.
The Bitget.com seems shady exchange there is someone here have a problem about locked BSV and he can't able to withdraw until he returns the BSV and refunded BTC.
You can read the full story from this thread below
- https://bitcointalksearch.org/topic/bitget-exchange-5231951
About your plan and strategy, copytrading and futures might be working but leverage trading is very risky and copytrading always depends on the luck of the trader you are following.
So I think the risk is 80% or 70% depending on the market condition.
Topic: copytrading and futures - page 2. (Read 294 times)
I did copy trading a while ago to see if it was any good, and on sites with leverage at least the answer was a no...
A lot of people that want to be successful in trading and get good stats (it's used in copy trading too) take on a lot of risk with each trade and make some but little rewards.
It's a way to make 20% and then lose everything on average because the person you're "copying" either gets carried away or starts chasing their losses down to 0 - I withdrew all my positions at break even but that's just because I saw a few do well straight away and bailed when they were up quite high (this was almost definitely luck).
A lot of people that want to be successful in trading and get good stats (it's used in copy trading too) take on a lot of risk with each trade and make some but little rewards.
It's a way to make 20% and then lose everything on average because the person you're "copying" either gets carried away or starts chasing their losses down to 0 - I withdrew all my positions at break even but that's just because I saw a few do well straight away and bailed when they were up quite high (this was almost definitely luck).
Precisely this. Back then in 2021 when everything was going up, high-risk traders on eToro that are up like 1000-2000% per month (for only 2 months lmao) are like celebrities with copy-traders piling into them to hopefully gain the same results. Ended up badly, obviously. You can keep flipping coins with huge bets and winning a few times but we all know that it wouldn't be sustainable.
I did copy trading a while ago to see if it was any good, and on sites with leverage at least the answer was a no...
A lot of people that want to be successful in trading and get good stats (it's used in copy trading too) take on a lot of risk with each trade and make some but little rewards.
It's a way to make 20% and then lose everything on average because the person you're "copying" either gets carried away or starts chasing their losses down to 0 - I withdrew all my positions at break even but that's just because I saw a few do well straight away and bailed when they were up quite high (this was almost definitely luck).
A lot of people that want to be successful in trading and get good stats (it's used in copy trading too) take on a lot of risk with each trade and make some but little rewards.
It's a way to make 20% and then lose everything on average because the person you're "copying" either gets carried away or starts chasing their losses down to 0 - I withdrew all my positions at break even but that's just because I saw a few do well straight away and bailed when they were up quite high (this was almost definitely luck).
Is this supposed to be moved to the Trading Discussion section as its asking related to copy trading and futures?
I used to copy trade before just for testing the waters, but I am not lucky there so I only lost like a few dollars there. The decision there is not in our hands, because the trader whom we copied can be liquidated so we’re at risk. Futures trading is much more riskier than ever, as I have seen a lot of traders there who lots tons of money there because of being liquidated big amounts that they don’t have the control over their own decisions.
Manual spot trading is still the best trading method for us to go in my opinion. At least our risk there is a little bit lesser than copy or futures trading.
I used to copy trade before just for testing the waters, but I am not lucky there so I only lost like a few dollars there. The decision there is not in our hands, because the trader whom we copied can be liquidated so we’re at risk. Futures trading is much more riskier than ever, as I have seen a lot of traders there who lots tons of money there because of being liquidated big amounts that they don’t have the control over their own decisions.
Manual spot trading is still the best trading method for us to go in my opinion. At least our risk there is a little bit lesser than copy or futures trading.
Probably not the answer you're looking for, but I personally don't recommend copytrading in general. You either learn to trade for yourself, or you don't altogether.
But to answer your question, the trick to not get liquidated is to simply either:
1. Deposit more money
2. Don't use leverage
3. Git gud (or tell the "trader" you're copying)
But to answer your question, the trick to not get liquidated is to simply either:
1. Deposit more money
2. Don't use leverage
3. Git gud (or tell the "trader" you're copying)
The total equity in your futures account is below the security (100 USDT). In order to keep the copy trades with your trader, please top them up on time.
Do you think a deposit of 50 euros will be enough or will I have to make a deposit of 100 euros to start doing copytrading?
If that is the maintaining amount required by the exchange, then your only choice is to deposit and maintain a hundred bucks in your account -- if and only if you want to start copytrading.Do you think a deposit of 50 euros will be enough or will I have to make a deposit of 100 euros to start doing copytrading?
Now, when it comes to copy trading, I'm not entirely sure if liquidation is a thing, but I do know that the risk depends on the trader you're copying because your money simply rests on the copied trader, who is also like you — a human.
If you are concerned about being liquidated or losing money in any other way, you should at the very least conduct some research, examine the trader's background to see if their risk appetite matches your own, pick a trader with a decent risk-to-reward ratio, and so on.
Hi, I would like to start copytrading with Bitget and I have a couple of questions.
I was thinking of making a deposit of 50 euros to do copytrading. What is the best strategy to avoid liquidations?
My idea was to start copytrading with 20 euros of those 50 euros (and the other 30 I would leave in the account in case the market goes against me...to avoid being liquidated).
With those 20 euros I would make a x10 so I would be doing copytrading with 200 euros and I would have 30 in the account to avoid liquidations.
Do you think this is the best option? or would it be better to just make a leverage of x10 with 10 euros and leave 40 euros for possible losses and avoid liquidations?
Where should I leave those 30 or 40 euros in the account? in the futures account, in the main account or where?
I have also seen that many traders that can be followed in copy trading make leverage of x50 but that is very risky isn't it?
if I want to make a leverage of x50
What is the best strategy to avoid liquidations?
I guess I should set the stop loss at 1% below the entry price.
and also to leave money in the account in case the market goes against me
and how much would be needed?
And finally what is the minimum amount to do copytrading?
I thought the minimum was 10$ (I had about 4 in the account and I made a leverage of x10 so it was equivalent to have 40$) and bitget sends me the following notification
The total equity in your futures account is below the security (100 USDT). In order to keep the copy trades with your trader, please top them up on time.
Do you think a deposit of 50 euros will be enough or will I have to make a deposit of 100 euros to start doing copytrading?
I was thinking of making a deposit of 50 euros to do copytrading. What is the best strategy to avoid liquidations?
My idea was to start copytrading with 20 euros of those 50 euros (and the other 30 I would leave in the account in case the market goes against me...to avoid being liquidated).
With those 20 euros I would make a x10 so I would be doing copytrading with 200 euros and I would have 30 in the account to avoid liquidations.
Do you think this is the best option? or would it be better to just make a leverage of x10 with 10 euros and leave 40 euros for possible losses and avoid liquidations?
Where should I leave those 30 or 40 euros in the account? in the futures account, in the main account or where?
I have also seen that many traders that can be followed in copy trading make leverage of x50 but that is very risky isn't it?
if I want to make a leverage of x50
What is the best strategy to avoid liquidations?
I guess I should set the stop loss at 1% below the entry price.
and also to leave money in the account in case the market goes against me
and how much would be needed?
And finally what is the minimum amount to do copytrading?
I thought the minimum was 10$ (I had about 4 in the account and I made a leverage of x10 so it was equivalent to have 40$) and bitget sends me the following notification
The total equity in your futures account is below the security (100 USDT). In order to keep the copy trades with your trader, please top them up on time.
Do you think a deposit of 50 euros will be enough or will I have to make a deposit of 100 euros to start doing copytrading?
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