What lesson can you pick from this?
1. If the person just started trading, you will not know if you should copy him or not
2. If the person is making profit already and you copy him, you might be losing
Know that the person you copied might be losing.
So whether you copy trade or trade on your own, there won't be any way to skip losing but to become a learner. Honestly, whenever I see content about trading and these people are suggesting copying trade as if it's very easy to trade, they're misleading a lot of people.
What they basically do is have a good week or good month and it hooks people to copy them so they can get some commission back. But eventually what happens is, they will take one trade which will go against them too far and their entire account will get liquidated.
This is so true, why I see a lot of them suggesting this is because they all want to have that commission from the people that will copy them. It sounds very easy to make money from this if you have just heard of it but it's not and I hope the exchanges and people that knows about this won't advertise it as something easy.