How to choose a trader to follow? Taking the trader in the following image as an example, in addition to focusing on the rate of return, you should pay attention to the following points:
1. Trading days. Generally, the more trading days, the more you can see the real level of the trader. A trader with many trading days and a decent rate of return indicates that the trader's rate of return is relatively stable.
2. Historical follow-up projects. Historical follow-up projects represent how many times the trader has completed follow-up trades. Generally, when a trader experiences a liquidation or significant loss that makes their follow-up page look bad, they will start following up again. At this time, the number of "historical follow-up projects" will increase by 1. For example, in Image 1, the trader followed up 3 times again, and in Image 3, they followed up 5 times again. Some traders may even do this dozens of times. Traders with many follow-up counts are generally those who have experienced multiple liquidations.
3. Follower's profit and loss. Some people may wonder why the trader's profit and loss is positive (i.e., they are making money), but the follower's profit and loss is negative? This is generally because when the trader notices that their position is about to be liquidated, they will increase the margin. If the follower does not increase the margin in time, they will be liquidated! This situation, where the trader earns and the follower loses, is often a case of exploiting the followers.
4. Balance history. Balance history represents the inflow and outflow of the trader's margin for follow-up trades. If the balance history shows frequent trading, it indicates that the trader's position is not very stable and is prone to liquidation. For example, in Image 2, this trader frequently increased their margin, which allowed them to avoid liquidation through extreme holding, while the follower did not supplement their margin in time, leading to liquidation! Similarly, traders who frequently increase their margin are often exploiting their followers.
5. Reasons for high simulated follow-up returns: For example, this trader in Image 4 entered a follow-up trade with 10000u, opened a contract, and the floating loss decreased to 50u, close to liquidation. Therefore, if you enter at this time, they can turn the floating loss into a floating profit by increasing the margin; 10000 becomes 20000, meaning a return of 40000% from 50 to 20000. So following such trades should be approached with caution, as the end result is often liquidation.
6. Everyone is welcome to follow my real trades or try simulated following!
Writing is not easy, analyzing the market daily, welcome to follow!
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