🔥 COPY TRADE or BOT TRADE will eventually burn out. I say this will cause a lot of differing opinions, but it is almost absolutely true. This is a personal perspective shared with everyone.
The main reason why I say COPY TRADE or BOT TRADE will all burn out, whether early or late will burn out (if the volume level is 1% or higher, it will inevitably burn out)
For copy trading, the trade leaders I know, whether top 1 server exchange or abcxyz, all eventually go down after a while…. I am the same. I also started opening copies 4 years ago, from fx to crypto, each of my pools is around $300k - $1 million, which is not small, my friends.
At first, it is always favorable, my best time was 12 times the copy account, the rest will have profit margins from 30-100-300%, then it will go down to 40-60% of the original account, and I stop, there were 1-2 times it burned out. Old players know to withdraw money to preserve capital, but newcomers will lose money. This is not about splitting with the exchange, my friends. The reason lies here.
1. Psychology
In short, the psychological pressure is terrible, going up from a pool of a few thousand dollars to several tens of thousands is quite comfortable, but going up from several hundred thousand to a million dollars, you should try putting yourself in the leader's position. Pressing $10 on my account means I accidentally press over 200 million of yours. And the psychology of the crowd fomo (if in the negative) is a burden to carry.
Moreover, excitement is also a crime, being overly confident when making profits, the mistake of leveraging to earn higher profits, thus leading to losses.
2. Regarding the exchange and the market (applies to both bot and leader)
The market changes every day, there will be cycles that sweep extremely deep, sweeping the peak of the ceiling, whether bot or lead copy will disappear for this reason.
The aspect of the exchange and the market is simply this (where liquidity is, the price runs to that) this is a reality, when liquidity is large enough, auto will be burnt, whether it is crypto exchange or fx, I have seen it clearly and whether it is a person or a bot.
The easiest trading mechanism to make profits, whether trader or bot, is the leverage mechanism. This is why everything burns out. Unless you profit and withdraw the capital then you ensure safety and comfort, otherwise, it will inevitably go down the drain.
✨This is not advice, but a real share from me, I used to open too many copies, some people profit, some lose, but the result is either stop copying early or burn out. Those who withdraw capital can preserve or exit early are just fine, I am a trade leader, also a KOL, also opened bot trade... now I only do it freely and will never open copy or share bots again. There is only one purpose, which is psychology, the psychological burden can never be escaped, the market is already difficult, with a heavy mindset, sooner or later it will go down the drain. You might make money at first, but that way of making money is hard to digest.
The mistake of youth is to think that you are talented and open copies to make commission money, but that is in the past. Now I hope that in the future you guys don't ask, whether I or Trading Insight will not open or have any services related to your money. Freedom, self-sufficient, self-trade, and just back fee for you. What do you think about my sharing, reply to the comment and I will show you the bot that can still survive but don’t know when it will go down the drain :))