Now the Internet is full of various member groups, claiming that you can make huge profits by copying orders. So, is this really the case? On the 20th, I had nothing to do, so I opened 10 contracts to simulate copying orders (I don’t want to lose real money to others) to observe its effect. Although only three days have passed, some transactions have lost 28%. Today, let’s see if it is really profitable to hand over assets to others to operate in the cryptocurrency circle.
Before revealing the answer, I need to point out that the copy traders I chose all have real money invested, and the number of copy traders has reached more than 150, and the largest one has reached 800. The assets under management are at least 50,000 US dollars and the largest is up to 1.8 million US dollars. This post is purely for entertainment and is not directed at anyone.
Without further ado, let’s look at the pictures
These ten are the lucky ones I chose. The largest loss was 26% and the asset management scale was 50,000 U, and the largest profit was 2.82% and the asset management scale was 360,000 U. Does this mean that the larger the management scale, the higher the probability of making money? I have captured the overview of the orders of several of these people for your reference. The picture is below
It can be seen that the larger the scale, the higher the profit level is not necessarily the case. The loss of the person who led the largest scale of 3.74 million Us actually reached 2.35 million. I really don’t know how those who followed the orders felt.
To sum up, although I only simulated copy trading for three days, I can see the whole picture from a small part. Copy trading itself is a win-win method for experienced traders to help novice traders achieve quick profits. However, the market is mixed now. Many copy traders often adopt aggressive and even high-leverage trading strategies for profit and reputation, which often leads to large-scale losses in a short period of time. So my friends, before choosing to copy trading, you must make a detailed understanding of the trading strategy and past performance of the copy traders before making a choice. After all, I am only simulating, but you are the hard-earned money of real money! $BTC $SOL $ETH
