Many people have mentioned copy trading to me
I’ve done it before, but why did I stop later?
At that time, Bitcoin hadn’t broken through 76,000 yet, and was still fluctuating around 60,000 when I started two copy trading models
One was spot copy trading, and the other was contract copy trading
In the first week of contract copy trading, there was a 20% profit, and some people followed
In the second week, there was a pullback with a floating loss of 20%, and by that time, all the followers had left. In the third week, there was a 50% profit including the principal, and looking back, not a single follower was left
The spot copy trading achieved nearly 70% profit in a month, and at that time, the signals of a bull market were not particularly obvious, and altcoins had not started to explode
At first, some people followed, but after two days with no profit, they stopped following
Moreover, there’s a drawback to copy trading, which is that you can’t set up ambushes on-chain. For example, I bought ACT and PNUT on-chain, and within two days of going online on Binance, it skyrocketed several times. But if I start copy trading, I can only take over after it goes online
So if I start copy trading and others only follow half, not only is there no profit, but it also affects the on-chain ambush
Later, I canceled copy trading, so in the future, I probably won’t do copy trading either, but I will generally post about any coin for ambushes