Post
Topic
Board Trading Discussion
Re: Should I Try Copy Trading?
by
GreatArkansas
on 06/08/2024, 01:24:03 UTC
(....)
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?
You should try it, but what I can suggest to you is don't fully rely on it and don't put too much money that you can't afford to lose.
I tried before in some exchanges that had a copy trading feature, there's some copy traders who liquidated most of my funds, but there's this 1 copy trader who became profitable over time.

Take note, when you copy trading, make sure you have stop loss in your portfolio, like lessen the risk and always see the performance and monitor also closely.
Most important thing is always learn, don't get stuck on copy trading, you can do better also, just learn because maybe in the future, you don't need copy trading anymore, you can do it all by yourself.