I'm very sorry for the significant losses caused to my followers. I feel full of guilt and self-blame for betraying everyone's trust. I apologize again 🙏. Reviewing the significant drawdown caused by the spike on the 10th, there are mainly two reasons: First: I did not stick to my familiar trading strategy. After being restricted to 5x leverage by the platform, I slightly adjusted my trading strategy. As a result, during the trades on the 31st and 32nd, the daily return was only about 5% and 3%, which deviated significantly from previous returns. This did not allow me to calm down, so I increased the trading frequency and raised the order amount for some cryptocurrencies. The final result was that during the spike on the morning of the 10th, I was fully invested early on and nearly faced liquidation (I know that although I didn't face liquidation, many followers did). I am still in a fully invested state and unable to trade. The situation is actually very passive, feeling like a lamb to be slaughtered.
In reviewing my following data, I found that over the years I have followed almost 60 users. Although I am still in a state of loss, I continue to follow, after all, I am still a novice, and there are many excellent trading experts in the market.
In these followings, I have encountered many situations: I have encountered situations where 'the trend looked perfect, but I got liquidated the next day after following.' I have encountered situations where 'the signal provider was profitable, but my following yield was a loss.'
I have encountered situations where 'I set a percentage stop-loss, and after I stopped out, the market continued to rise.'
@Binance Next time when I modify my leverage, could you please send me a notification message?
By the way, here are a few small suggestions: 1. When the copy trading amount exceeds 100,000, a popup should prompt that the leverage has been changed to 5x, and the maximum can only be 5x. 2. It is recommended to translate the error messages accordingly. 3. It is suggested to appropriately increase the minimum leverage, such as 10x. Or dynamic limits could be set, for example, 100,000 with a maximum of 10x, and 500,000 with a maximum of 5x. 4. You could also consider limiting the total copy trading amount, for instance, setting a maximum of 100,000 or 500,000 for copy trading, and not allowing to copy beyond that, similar to the limit on the number of copy traders.