Copy Trading Strategy

Copy Trading has become more popular as new traders seek to copy an expert trader’ positions. Rather than paying expensive management fees, copy trading allows traders to place the same trades that a copy trading expert does for a small fee. Copy trading is also beneficial for the expert traders- also called principal traders.

Market conditions are changing every single day, so the same strategy will not work every time in the stock market.

• Balance Risk and Reward: If the risk taken for marginal gains exceeds the rewards, a strategy that performs well 80% of the time may still not be profitable.

• Recognize Your Metrics: Keep track of your win ratio, average lost transactions, and average winning trades. Make sure your plan can be sustained in the long run.

• Trend After: Trend-following tactics typically yield greater returns in relation to risk because they might result in sizable gains from tracking market trends.

Drawdowns are inevitable in the market. Every trader will have from time to time a losing streak, but if handled properly, it should not be a major hurdle for anyone. The most common mistake that new traders make is to trade aggressively while facing losses.

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