Topic: copytrading and futures (Read 294 times)

Actually, not many of them are seeing the actual profit percentage they just see the numbers and dive in but if they are lucky they can make money just like a lottery which doesn't need any skills at all but we all know it happens rarely or never in our personal life that we should realize. Leveraging is highly risky with the futures its a life risk which I am never going to appreciate or encourage anyone to do it.

I'm not a fan of copy trading but despite that in whatever investment or trading adventure we want to do, gradual increase of capital is better than taking a full length of risk for big profit. If you take the high risk and you lose all, you are at another starting put, it is better being gradual for you to get there for the bigger risk. Apart from copy trading, making of orders should be with gradual steps so you also have time to learn through the time of low risk investment, development and management and the time of high risk and management.

Copy trading with 20 and you are expecting 10x returns with the strategies derived from someone who is doing with millions and getting hundreds or thousands in returns? If yes then probably it will take few decades to achieve the returns based on my mathematical knowledge so better avoid all those fancy words around you just focus on spot trading.

You mean you tried copy trading because you want to test how trading works? I am not sure if that helps but I think it would be better if you can try practicing on your own.

It's okay to fail for a few times and that can happen because you are still new to it but that is something that you and others can be proud of because you are not afraid to try it all by yourself and you did not totally depend on others ability but thanks for that feedback anyway, many inexperienced people can learn from that and they will realize that copy trading is not really a shortcut to success or to make an easy money because most of the time you can lose on them.

I think you will lose your 50 euros very quickly if you do this sort of thing. It reminds me of trading on Twitter signals, which always ends in losing your deposit. You should try to trade using your own strategy. It's better to lose money yourself but try to find your own way than to lose it by following someone else.

+1

I chose to be an investor not a trader or gambler

Gambler = buying shitcoins on leverage for a possible 100x or more (high risk)
Trader = buying and selling to make many small profits on volatility(risky)
Investor = accumulate coins and HODL (lowest risk)

Copy trading will most likely be one of those scams that lure you in...

I do not recommend trading in general, let alone copytrading. For a simple statistical reason: you have more than a 90% chance of losing money. It is easier and more likely to win with Buy and Hold or DCA, if we talk about premium financial assets such as Bitcoin.

When I say trading I mean day trading or making trades with a certain frequency. Another thing is to invest long term and sell partially to rebalance when we are in bull market beating ATHs or buy more aggressively at times like this.

You should listen to what everyone is telling you here. Avoid copy trading. It seems profitable at first but eventually you will go bust.

If you analyze the trading log you will see they are profitable because they have small take profit and large stop losses. Eventually one trade will wipe them out completely. Especially during sideways markets like now.

Although you can try, it is better for you to learn by yourself than to rely on others, if you decide to choose trading as a side job to earn extra income. There is no safe or sustainable model or form of depending on someone so don't put your trust in them too much.

I'm not a very good and regular trader but I never copytrading because I don't trust anyone but myself. I'm still happy when I fail a trade but I will never accept to hand over my money to someone I don't know.

hard for those who can't be disciplined LOL.
I also don't recommend using all of the OP's money to invest, it's just that the OP uses 20% of his money for trading and the rest goes to reserve.
all good advice, depending on how it is implemented and understood. Psychology is an obstacle for some people because it will affect the final process of trading.

Leverage is not advisable in any way same goes to copy trading with such low funds and high ROI expectations. Your stop loss of 1% might work against you considering how volatile Bitcoin is. With your kind of capital 10% ROI should be enough to avoid crashing down what you have and at most a 2% stop loss

Starting from zero knowledge then leverage even on 10x isnt something recommendable specially for newbies in trading but if you do love to have some bit of thrill and exploration due to curiosity then it isnt really bad

to test out yourself but dont expect and anticipate that you've been dealing with gambling because futures/leverage is something  that newbies shouldnt be touched up specially when they are just starting on.

Copytrading is the most easy and recognizable for starters because it is less hassle but in long term it wont really make you learn so its still useless.You cant just rely forever.
If you are really serious with trading career or with this path then you should make yourself independent and trade manually of your own and find on what does suits you out.

Mate, Your advice is great, but very difficult to put into practice. Lol
I think the OP should also consider not using all his capital in the early stages, maybe it would be better to suggest he starts at 25% - 50% of his capital and he still has some spare to go on when he really knows how to work. The truth is, if we can build from small capital then of course we don't need to be too greedy to do it with big capital. This is the best advice I've ever heard.

the first thing you need to do is be wise in using Leverage, don't be too greedy, use leverage starting from the smallest.
Copytrading should choose someone's trading style who is the best and has a lot of followers, make sure your management is correct. If you only use 20% of the money you have, that's good enough. Don't use all your money, it's a bad choice.

and lastly, learn how to analyze the market without having to resort to copytrading. Trade in your own style, learn the most important use of Stoploss, leverage and technical analysis. Psychology also has an effect on the final result, don't let it go into liquidation.

Are you sure about that? Leave your money using copytrading and futures right away? I don't recommend it as you don't know who trader you want to copy and how good their skills in trading are. Their stats seem tempting you to join with his trade but once again, you have a risk that you don't know it.

I suggest you learn about trading and use that money for spot trading. There is no need to hurry to trade, but doing with carefully will help you understand how to trade better. While you also learn more about trading, you will get more experience in trading, and after you familiarize yourself with trading, you can try future trading. That will give you more profit if you understand how to analyze the market.

Start trading without leverage. Leverage is going to get you REKT especially 50x.
Once your trading starts getting accurate then start with low leverage.

Let how to trade mate. Copy trading won't do you any good.

Perhaps have a stop loss even when you are using very low leverager

You can still get liquidated in case of extreme market movements

it all depends on your trading strategy. First look for a strategy that best fits your trading style.

Obviously in the futures accounts

It is.

Stop loss, but make sure they are not too tight or else you will keep hitting stop losses all the times. Also make sure your risk reward ration is at least above 1.5

For those mindset who do love to earn without exerting much effort and time then the primary thing that they would be having on mind is to copy trade because its simple and minding that they
could make profits without much effort but frankly speaking it would be more better if you do learn while you do follow because as mentioned that not all would really be having that kind of
idea on mind that it would be lasting forever or having always that precise trades for long term.

Nothing beats out if you do make out learning on your own or simply trade with your own because you arent really that depending on someone
but rather only depending on your own skills.

Why doing copytrading when you can learn the skill yourself and it will become part and parcel of you through out your entire life, I've done copy trading before when I don't know anything about trading and it wasn't a funny experience in the sense that at a point I became confused with the trading terms.
For you to do copytrading perfectly you really need to learn about trading or Forex terms not just coping without having trading knowledge or what your doing ,hence you might end up loosing money. For instance look at how your asking from your thread, What is the best strategy to avoid liquidations?, this is the kind of challenges you gonna face and become confused at a certain point.

Important but no best way except you follow professional way to trade.

1. Use stop loss
2. Use moderate leverage 1:1 or 1:2
3. Don't over trade
4. Control your emotions.

However copy trading isn't best way to trade. You will be better taking risk to learn yourself.

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.

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).

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.

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)

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.

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?