What are the downsides to copying other successful traders?

[Orka]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

 

[Sachlichkeit]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

you are gambling get a real job

 

[D02]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

U will have a bad entry, and btw by the time the app or tracker gives u the information the usability of that info does not carry the same returns as it did when the original trader received it.

 

[Orka]

you are gambling get a real job View attachment 4817326

I don't trade, thought it was obvious from this post, just looking into it

 

[PsychoDsk]

Using apps or tools in itself is a risk imo since max extraction is always #1 priority, if u can find good and consistent hyperliquid traders u can follow some of their trades. However I think it’s dangerous because u end up relying on others and gain no edge for yourself and all it takes is one bad trade from them and some over risk from u to ruin it all. Really profitable traders mostly trade from cex’s and run large iceberg and twap orders so it’s almost impossible to ‘copy’.

Rather just stick to ur own thesis & trades, u can always check other profitable traders their positioning for extra confirmation on ur thesis.

I think hyperliquid recently released a feed where u can see the exposure in % from profitable traders, whether they’re positioned long or short.

 

[Orka]

Using apps or tools in itself is a risk imo since max extraction is always #1 priority, if u can find good and consistent hyperliquid traders u can follow some of their trades. However I think it’s dangerous because u end up relying on others and gain no edge for yourself and all it takes is one bad trade from them and some over risk from u to ruin it all. Really profitable traders mostly trade from cex’s and run large iceberg and twap orders so it’s almost impossible to ‘copy’.

Rather just stick to ur own thesis & trades, u can always check other profitable traders their positioning for extra confirmation on ur thesis.

I think hyperliquid recently released a feed where u can see the exposure in % from profitable traders, whether they’re positioned long or short.

Thanks for this reply, appreciate it!

 

[iblamexyz]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

losing ur money

 

[h76]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

nigga finding anyway to get this bread

 

[tastas]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

if they lose, you lose.
They also make hella money even when they profit 2% because they trade with millions, we don't

 

[dhusc]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

they don’t carry the same info all at the same time, by the time you gained that info it won’t carry the same returns

 

[chromednash]

Why would you do that when you can learn the skill urself

 

[Banned User]

if you're off by their entry by even a couple minutes you could lose money even when you copy them, I've seen even SPY jump several dollars in one minute candles

 

[Seven]

honestly it sounds good at first, but there are a bunch of catches people don’t think about

you’re basically always late to the trade, so your entry and exit are worse than theirs .That alone can kill a lot of the edge.
On top of that, you don’t actually understand why they’re taking the trade, so the moment it goes against you, you’re way more likely to panic or exit early

Risk is another big one
a pro might be taking what looks like a normal trade for them, but relative to your account it could be way riskier and exits aren’t always copied perfectly either, so small losses can turn bigger just from delay

Also a lot of those “top traders” look good because you’re only seeing the good runs. Some are using high risk or leverage, which works until it suddenly doesn’t
And in the long run, you’re not really learning anything you’re just dependent on someone else making decisions

that’s why most serious traders don’t really rely on it its not that it can’t work at all, it’s just not as easy or safe as it looks

@Seth Walsh

 

[Seven]

honestly it sounds good at first, but there are a bunch of catches people don’t think about

you’re basically always late to the trade, so your entry and exit are worse than theirs .That alone can kill a lot of the edge.
On top of that, you don’t actually understand why they’re taking the trade, so the moment it goes against you, you’re way more likely to panic or exit early

Risk is another big one
a pro might be taking what looks like a normal trade for them, but relative to your account it could be way riskier and exits aren’t always copied perfectly either, so small losses can turn bigger just from delay

Also a lot of those “top traders” look good because you’re only seeing the good runs. Some are using high risk or leverage, which works until it suddenly doesn’t
And in the long run, you’re not really learning anything you’re just dependent on someone else making decisions

that’s why most serious traders don’t really rely on it its not that it can’t work at all, it’s just not as easy or safe as it looks

@Seth Walsh

.

 

[Orka]

i deserved a follow man

There

 

[kranerman23123]

I've seen many apps promote a tool where you can copy large traders trades the moment they do it without involving yourself, what are the actual downsides to this? It doesn't seem very popular here or in the few videos I've watched from the traders
@PsychoDsk

They never beat the market

 

[kranerman23123]

you are gambling get a real job View attachment 4817326

Extremely stupid logic. Obviously the average retail account will be losing money. Why would a majority of retail traders be profiting. It takes years of learning to become a profitable trader that even trails average market gains. The majority of people who get degrees don't actually get jobs in those degrees too. Even more drop out before getting the degree. This is braindead coffeezilla crab bucket logic.

 

[Sachlichkeit]

Extremely stupid logic. Obviously the average retail account will be losing money. Why would a majority of retail traders be profiting. It takes years of learning to become a profitable trader that even trails average market gains. The majority of people who get degrees don't actually get jobs in those degrees too. Even more drop out before getting the degree. This is braindead coffeezilla crab bucket logic.

They never beat the market

there are traders who can beat the market you are just saying that because its not you. I never said they couldn't do it, I just said don't trade because you aren't going to make it.

 

[kranerman23123]

there are traders who can beat the market you are just saying that because its not you. I never said they couldn't do it, I just said don't trade because you aren't going to make it.

Youre the gambler. You have no genuine long term equitable strategy, youre just randomly picking trades and getting lucky. You are the exact person who loses money and never makes it, and its the gambler mindset + ego that is going to make you fail long term. Literally no different than a guy who wins a few blackjack hands and thinks he is gonna make it.

 

[Sachlichkeit]

Youre the gambler. You have no genuine long term equitable strategy, youre just randomly picking trades and getting lucky. You are the exact person who loses money and never makes it, and its the gambler mindset + ego that is going to make you fail long term. Literally no different than a guy who wins a few blackjack hands and thinks he is gonna make it.

I dnrd its a 95% winrate with 192 trades whore its a large enough sample size