What a great week! I just made it into the top 5 PnL copy traders over the past 7 days! đ And all of this without using any leverage!
Unfortunately, Iâve noticed an issue with Binance thatâs holding things back. Binance doesnât provide any settings for the lead trader to set requirements for a minimum investment. As a result, thereâs a required minimum investment, and not all of my copy traders are meeting it.
Some of their investments are too small, and with a DCA strategy, if you canât fund all the orders, you risk breaking even or even ending up with losses. Itâs frustrating because my goal is to help people make money, not lose it due to limitations like this.
Binance really needs to improve their platform to better support these strategies!
Hereâs a quick example of how DCA bots work:
Each bot may during DCA down use 8 safety orders, with a minimum investment of $6.25 per order.
Calculation:
Per bot: 8 Ă $6.25 (minimum order) = $50
For 40 bots: 40 Ă $50 = $2000
So, to keep 40 bots running properly while copy trading me, youâd need at least $2,000. If you donât have enough funds for all safety orders, the strategy just wonât work as intended!
I hope you all reading this before start copy trading me!
