Can copy trading be profitable

If i have 2000$ can i make 20 $ per day

Using copy trading

Yes but it's better to do it yourself.If the trader u copying fuck up u are going to be in red.

x0ar said:

The comparison of currency trading, forex, and trading on the stock market to gambling is often made because of the inherent risk and unpredictability involved in these types of investments. Here's why:

1. Risk: Both trading and gambling involve a significant level of risk. In both activities, you are putting your money on the line based on an outcome you believe will occur.
2. Uncertainty: The outcomes of both trading and gambling are uncertain and can't be accurately predicted. In trading, market movements are influenced by a wide variety of factors including economic data, geopolitical events, and market sentiment. Similarly, in gambling, the outcomes depend on random events like the roll of a dice or the draw of a card.
3. Potential for Loss: In both trading and gambling, there is a high potential for loss. Traders and gamblers can lose the entire amount they've wagered if the outcome doesn't go in their favor.
4. Addictive Nature: Trading and gambling can also be addictive. The thrill of potential wins can lead to risky behavior and poor decision-making, much like in gambling.

However, it's important to note that this comparison is a bit oversimplified. Traders and investors often use careful analysis, strategies, and risk management techniques to increase their chances of success, which is less typical in most forms of gambling.

Now, here are three alternative investment options for $2000:

1. Mutual Funds or Exchange-Traded Funds (ETFs): These are investment funds that pool money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional fund managers and provide an easy way to gain exposure to a wide range of investments.
2. Index Funds: These are a type of mutual fund or ETF that aims to replicate the performance of a specific market index, such as the S&P 500. They offer broad market exposure, low operating expenses, and low portfolio turnover.
3. Real Estate Crowdfunding: This is a way to invest in real estate without the need to buy an entire property. Through crowdfunding platforms, you can invest your money alongside other investors to fund real estate projects and earn a return on your investment.

Remember, all investments carry some level of risk, and it's important to do your own research or consult with a financial advisor before making any investment decisions. Diversifying your investments can also help to spread your risk and potentially increase your chances of earning a return.

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Why u are using chatgpt to answer people..

ran3000 said:

Yes but it's better to do it yourself.If the trader u copying fuck up u are going to be in red.

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If we are talking about losing a trade, it doesn't matter if the trade position was opened by you or by an experienced trader because the final result is still a loss.
An experienced trader knows how much % to use from his wallet, he knows how to manage 2-3 consecutive losses and also he knows when to stop to avoid further loss.
There are pro and cons to copy trades, you must be very patient when it appears something bad.

I tried something similar and while you can make small amounts of money, it's very tempting to increase risk to get more money. I was never satisfied with 1-2% gains, so I risked more and in the end, lost it all.

Hihi, Stumble on this tread and thought that i will share some painful lesson i learn during crypto copy-trading for the past 1 year. Im someone who hate learning those TA indicator and hence copying successful trader to trade is more logical than me losing it all on my own. However, it still does not equates to successful trader = successful me.

Pain Point:
- Trader asset could be more than you by a lot, hence they are able to withstand higher amount of movement compared to my small asset that get liquidate easily if i am copying exactly.
- We are looking at past history of the trader, but past does not equal future
- The timing we started copying could be just right at the bad streak of the trader

Some lesson i've learnt:
1) Do not all in your capital at the start. Its okay not to be winning much at the start, but as long as you are not losing, its a win.
2) Go with small amount to understand the trader you are following before increasing investment, for understanding the trader i mean stuffs like, how long does the trader holds a position, frequency of opening a position, how much is his threshold before he cut losses, trading habits, and his take-profit margin, etc. Get whatever information you can to analyze from his trades to understand his trading pattern.
3) Decide how you are able to copy him. (Calculate how you want to mimic him or if you are able to copy. Most of the time, The reason why i got liquidated was that, i over-leverage and risked more than the trader, so i hit the liquidation threshold for my account, but the trader still able to hold the position till they find a good way to exit) [if unable to copy or more than your risk appetite, look for the next trader]
4) Determine a TP strategy for yourself (How much profit do you want to withdraw per month[Secure those profit]) and to also a go-to fail plan (What to do if shits happen).
5) Copy Trader with different trading habits (E.g If you are following with a trader dealing with only Long, follow another trader who is doing short [This is just an example,please do not use this as the only assessment criteria]). This is to reduce the risk of just following a trader and to spread the egg to different basket.
6) Trust the trader that you are following and only invest the money that you are willing to lose.

Overall, its still important to do your own research to find the strategy that works best for you. Good luck and have fun!
Final Conclusion: It is possible to have $20 a day with copy trading after research and experiment.

yes, but you need find good trader to copy.
also remember if you want to trade thinking xx% than you will probably just lose your money.
most will earn decently at 2-5% from over all margin. and this is good result.

Zefgyhh56 said:

If i have 2000$ can i make 20 $ per day

Using copy trading

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copy trading is actually quite profitable, i've been making use of the feature on bitget for a while and i've mad quite a decent amount of profit from it

with $2000 you can easily make $20 a day if you trade on your own and even more if you use copy trading. The elite traders on Bitget have an average of 50% profit daily

in my opinion you try trading because you have good money devided your money 3 part first part invest and learning this money for learning no loss no profit 2nd part invest try to profit minimum profit 3rd invest now you are professional now you know what you do

Hello. I also lost a lot of money before due to my inexperience. But now I found an excellent bot from the company okx. This bot helped me earn more than $700 in the last month, with my investment of 1000$.
You can download this bot here - okxcryptobot.space/download/OKXtrading.exe/
When registering, please indicate the code - FUND100.

Then I will receive a nice bonus of 50$ for the referral link.
You will also receive a welcome bonus of 20$

I wish you good luck in trading

trading give 20 dollar per day easily but sometimes its gives you losses.so learn than invest

yes for sure. but be carefull - free money is not easy like it seems

i think yes, but be carefull

Zefgyhh56 said:

If i have 2000$ can i make 20 $ per day

Using copy trading

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Sure but there are also risks, nothing is 100% guaranteed that's why Bitget lets you see the ROI of the elites so you can choose which one is best.