Crypto can be a thrilling ride, but navigating the market waters can be tricky, especially for beginners. Who knew there was a way to learn from seasoned traders and potentially score some sweet returns at the same time?
Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way. This has me curious - what are your thoughts on copy trading? Have you tried it? What's been your experience?
My opinion is that it is too good to be true, the traders that allow themselves to be copied very often only have some short term success behind their backs, but very often that success comes accompanied of the massive risks they took to get where they are, so if you copy one of those traders, it is likely you will do so once they have accomplished some success, and it is unlikely for this to continue and you will lose your money, learn the wrong concepts about trading, while at the same time you do not really learn anything useful, making adopting copy trading as your main trading strategy a huge mistake.