How to invest safely in Copy Trading !!

Step 1:

When choosing a copy trader, ALWAYS look at how many days that copy trader has been trading. If the copy trader has only been here trading for 30 days, 60 days, or even only 180 days, that is a huge red flag 🚩 You should always watch a copy trader for at least 300-365 days minimum. This way you can see how that trader performs under market crashes & market stress. Anyone can trade for 100 days with no problems at all. Anyone can. A monkey can trade 100 days with no problems. Be careful of traders who have less than 1 year of trading on Gate. They are the most risky.

Step 2:

When investing with a copy trader, NEVER invest more money than what that copy trader is willing to risk on themselves. Example: if that copy trader is trading with only 1000 or 3000 dollars, do not go & invest 10,000 or 20,000 or more with that copy trader. Only invest what that copy trader is willing to invest in themselves. If a copy trader only has 1000 or 3000 in their account, it is very likely that that copy trader is not a profitable copy trader yet, they are only trying to make money from your copiers profits. A REAL trader has alot of capital to invest & trade with.

Step 3:

ALWAYS use a stop loss. This is one of the most important rules on the list. Use a stop loss for ANY trader. I recommend to use a 40% stop loss of total account assets as well. Never trust that the trader will protect your assets. Just in case to be safe & protect your investments. Please do this NOW !!

Step 4:

PATIENCE. Patience patience patience. More patience. It takes time to get rich. Stop leaving trades or uncopying after only 30 days. It takes years to get rich. PATIENCE.