1. About Copy Trading: "Open copy trading, choose a trader with a high win rate (not necessarily high returns) to follow. This way, you can win effortlessly!"
"Not necessarily high returns". This is very important. High returns often mean high risks and heavy positions, which could result in losing all profits along with the principal in one failure. It's indeed more rational to look at "win rate" and "maximum drawdown" rather than just focusing on return rates.
But "winning effortlessly" is an illusion:
The past does not represent the future: A trader's past win rate cannot guarantee continued effectiveness in the future. Market styles can change, and their strategies may become ineffective.
Delay and slippage: When you see the signal and follow the trade, there is already a delay, and the execution price may be far worse than that of the trader themselves.
An unreplicable mindset: When the market reverses, the trader may use their experience to cut losses or adjust early, while the follower, due to "blind trust" and delayed reactions, may incur greater losses.
You can learn and observe with a small amount of capital, but you should never rely on it as a means to "win effortlessly." You still need to have the ability to judge whether this trader's strategy is reasonable and when to stop following. This itself requires you to possess analytical skills. $BTC
