Many people have asked me about following trades.

I have followed trades before, but why did I stop later?

At that time, Bitcoin had not yet broken through 76,000, and while it was still fluctuating around 60,000, I opened two following trade modes.

One was spot following, and the other was contract following.

In the first week of contract following, there was a 20% profit and some followed.

In the second week, there was a pullback with a floating loss of 20%, and at this point, all those who followed left.

In the third week, it went back to a total profit of 50%, and looking back, there wasn't a single follower left.

The spot following achieved nearly 70% profit in one month, but at that time, the signals of a bull market were not particularly clear, and altcoins had not yet started to explode.

At first, some people followed, but after two days without profit, they stopped following.

Additionally, there is a drawback to following trades, which is that you cannot stealth buy on-chain. For example, when I bought ACT and PNUT on-chain, they multiplied several times within two days after being listed on Binance, but if I started following trades, I could only take over after they were listed.

So starting following trades, if others follow half and not the other half, not only does it not bring in profits, but it also affects on-chain stealth buying.

Later, I canceled following trades, so in the future, I probably won’t follow trades either, but I will definitely post about which coins to stealth buy.