As a beginner are you interested in that kind of copy trading?
Actually, it is not important to me whether you believe in it or not, but it is better for you to learn how to analyze and not to focus too much on choosing which trader or scalper is good.
Knowledge about trading will be needed first so that you can judge which trader is good.
But again, there is no good advice to choose traders who are in copy trading.
Especially if they do not use stop loss and other important strategies, they lose you will lose too.
So make your choice, whether you want to learn trading knowledge to better understand and be able to trade independently,
or just depend on others by copy-trading.
Topic: Tips to Follow traders/scalpers (who use Stop Loss) - page 3. (Read 447 times)
I think most successful traders are using stop loss. For me, stopping loss when you do trading is a must and it will help you to minimize your losses.
For OP, have you tried to check some centralized exchanges like Binance or Bybit, they have this Copy trading feature if you want to copy trade. Check trades history of traders first and some description so you can select what you want.
It's hard decision to set stop loss on your order, I can confirm that from my experience. Usually, I try to stay alert and watch price in live when I am trading because I can more likely understand whether there is a pure manipulation or there is a real panic. There is only one time when I set stop loss on my orders and that's only when I sleep because I got liquidated when I was trading on futures without setting stop-loss and lost thousands of dollars.For OP, have you tried to check some centralized exchanges like Binance or Bybit, they have this Copy trading feature if you want to copy trade. Check trades history of traders first and some description so you can select what you want.
My piece of advice is to use stop loss feature if you aren't able to watch price in live. If you watch it in live and are confident that you'll be able to take the care of sudden price spike or dump and are alert at the same time, then you can continue without it.
Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
In the very first place you will not commit to a trader without a proper plan unless you just want to make a position wondering if you will get a profit if not lose your asset, but again basic knowledge in trading is using a technical analysis and position of proper execution TP/SL is basic tools given by the exchange for the traders to help them with their trades, but of course, its users choice if they want to commit more with the trades. Trading signals and groups just giving you an insight with the coin and positions they will entry but not yours entry its your mistake once you joined them even at your self you dont know the run of this coin or the current state of the market. Theres nothing wrong with copy trade but of course atleast you have an idea with the basic TA of the market or else youll let other people make risk for you with your money still with proper monitoring.
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
Avoid signal providers. I do not know of copy trading, but it is better as you follow the trades of people, unlike signal providers that you will follow nothing than the providers to find ways to earn money from you without them thinking of you winning or losing. who use stop loss
As for copy traders, I do not know much about it, but there is nothing that is better than learning trading yourself and use the amount of money that you can afford to lose to trade.
I agree. I don't recommend following signals from other people, as many of them tend to offer services for a fee, or if the signal is free, the quality of the signal is cheap, which is why I don't recommend following and relying on signal providers. If the OP wants, he can use Etoro, which is copy trading. You will just need to select the traders you think are trustworthy and, of course, have a good record in trading in crypto.
If you, for instance, follow signals, I still think that it is not suitable. Why? What if that signal requires a lot of equity and the trader has only a limited amount? In short, there are a lot of things to consider before you can follow and fully utilise a trading signal, so it's much better to rely on yourself, who is fully equipped with knowledge and skill in trading.
I've never done copytrading on Binance so I don't know about it now. Even if you participate in copy trading on any exchange, you must still have analytical skills to keep up with the market. You can also place a Stop Loss if the market changes direction so that your losses are not large.
I don't know if any signal provider uses stop loss. I prefer to trade based on my analysis to learn more about trading. You should learn more about trading analysis so that you don't depend on other traders.
By having good analytical skills, you can determine when to trade. You can also improve your analytical skills by learning more. It would be more feasible to do it because at least your analytical skills can improve.
I don't know if any signal provider uses stop loss. I prefer to trade based on my analysis to learn more about trading. You should learn more about trading analysis so that you don't depend on other traders.
By having good analytical skills, you can determine when to trade. You can also improve your analytical skills by learning more. It would be more feasible to do it because at least your analytical skills can improve.
If you want to trade using the copytrading method, you must follow the person you trust. Otherwise, with the first loss, you will try to modify the strategy, and thus you may achieve losses. Therefore, if you are using copytrading as a basic strategy, it is better to adhere to it, even if it is without a Stop Loss.
There are some educational videos called Copy Stop Loss (CSL) that can be used if you want to enhance your strategy.
There are some educational videos called Copy Stop Loss (CSL) that can be used if you want to enhance your strategy.
I think most successful traders are using stop loss. For me, stopping loss when you do trading is a must and it will help you to minimize your losses.
For OP, have you tried to check some centralized exchanges like Binance or Bybit, they have this Copy trading feature if you want to copy trade. Check trades history of traders first and some description so you can select what you want.
For OP, have you tried to check some centralized exchanges like Binance or Bybit, they have this Copy trading feature if you want to copy trade. Check trades history of traders first and some description so you can select what you want.
Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
Did you know that copy trading has pros and cons? The only thing that is not good about other copy trading promoters is that they don't really inform about the cons. This is the problem; if they promote copy trading, they make it appear that you will have no problem with it.
If we look at it, it's not ugly when someone tries copy-trading. That's why you should be critical before deciding to do this. Or if you join other signal providers because the capital investment is dangerous when it happens.
Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
Have your own trading strategy instead and put a stop loss so you wont be liquidated.There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
Every traders have their own unique strategy and you can’t fully depend on those signals because its too risky.
In trading, you should analyze on your own and have a strategy that works within your own timeline.
Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
If those traders are doing well without using any stop losses, then what is the problem here? It is not possible to identify whether a copy trader is using stop loss or not as the exchange only shows traders statistics about past trading activities. If any of the copy traders has any communication channels in that exchange or outside that exchange then it will be better to ask him personally. There is no way to know about this without them telling you personally.
I'm not surprised that those traders are not using stop loss, just as they code bots to the scalp for them without the use of stop loss and some utilise a wide stop loss which is risky. In these cases, they are putting your account in danger and they are doing that mainly for a reason, they do not want to have records of many losses simply by the market hitting the stop loss and going back to their positions.
As painful as this could be for traders, it's also protective since leaving a trading position to run for too long in losses or without a protection is a very bad idea. This is unless the trader is always present with the trading platform to close the position in real-time, still, this boomerang at times.
Advice: It's not a must you use a signal provider, and by experience, they do not have long-term positive performance. With scalping, it would be worse, why not look for the regular intra-day trader or a long-term one that practices a decent risk and money management?
It's easier to find traders with those criteria than to find the ones that scalp with the use of stop loss.
As painful as this could be for traders, it's also protective since leaving a trading position to run for too long in losses or without a protection is a very bad idea. This is unless the trader is always present with the trading platform to close the position in real-time, still, this boomerang at times.
Advice: It's not a must you use a signal provider, and by experience, they do not have long-term positive performance. With scalping, it would be worse, why not look for the regular intra-day trader or a long-term one that practices a decent risk and money management?
It's easier to find traders with those criteria than to find the ones that scalp with the use of stop loss.
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
Avoid signal providers. I do not know of copy trading, but it is better as you follow the trades of people, unlike signal providers that you will follow nothing than the providers to find ways to earn money from you without them thinking of you winning or losing. who use stop loss
As for copy traders, I do not know much about it, but there is nothing that is better than learning trading yourself and use the amount of money that you can afford to lose to trade.
Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
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