How Copy Trading increased my portfolio with almost 50% in less than 3 weeks
The first line of a story is often one of the hardest parts to craft. It sets the tone and develops the mood and pace of your work. For my work, I will have a Bestseller but if you are interested to do some trading, this might be interesting for you.
“But Sir”, they said “Just follow the trend”
I have been in trading since 3 years. A big up and a bigger down, that is my story short although I was lucky to sold some of my fast-movers and kept my portfolio green. Most of the newbies who started “trading” the same time, gave up with empty pockets. They followed the hype, not the trend.
I’m not here to tell you the 10 rules of trading. You have much better options for that.
My story today is for people who are interested in trading but don’t want to lose their money in a week and don’t have the time to spend every day a few hours behind their screen.
Although the weather was nice in Belgium during Corona times, I took the time to invest in my trading skills but noticed it is not as easy as they say. After 3 years, I know the basics and it kept me alive in this market but I had to find a way to become profitable. How? =>
“Copy Trading”
The word explains it all. You copy a trade from someone else. When that person buys, you buy, when they sell, you sell. Simple right?
Yes, it is it. I tried to Copy Trade for a month with 30 usd. After almost a month I had 15 usd extra on my account + I was able to see what and how more experienced traders are working.
How does it work?
First of all, this is not a sponsored article! I want to share my experience and let you know, you can earn some money by Copy Trading. For me it is also important new traders step up and come into the market and yes, if you would sign up, I get 10% discount on my tradingfees. It will not make me rich but you would make me happy with it if you subscribe via this link.
For people who don’t have a tradingaccount yet, via this link you get 10 USD for free if you buy 100 Usd Bitcoin. That Bitcoin you can send easily to the Copy Trading website. For help, you can contact me.
Below you find some pictures of the results:
- After sign in on the website I started with sending 30 usd in Bitcoin ( you can also send other coins, see website ) on the 1th of July from my wallet to the Copy Trading website
2. On the Copy Trade website there is a symbol “Copy Trade “ and it shows you the people you can Copy Trade with their profits. If you click on them, you will see what they trade. Most of them trade Crypto against USDT. So on the website I switched my 0.0036BTC to USDT ( same as USD )
When you click on their name, you will also see how much you have to give to them per winning trade. Most of them take 8% of your profit. Which means, if you win 1 usd, 8 cents goes to them + 2 % trading fee = You have earned 90 cents
3. When you follow one or more persons, you have to fill in how much you want to trade per Copy Trade. For my test, I took 2 traders, one trader 3usd per trade, the other 6 usd.
I hear you say ‘ that’s not much ‘ Correct, because most of them trade with leverage, which I will not go into too much details now but leverage trading is 10x-20x-…. So if the person you follow trades with 10x, your 3 usd becomes 30usd. If they close with a 10 % profit, you earn 3 usd. You can also lose but you will notice that they use a Stop Loss for a few %. When the trade goes wrong, they sell with for example 1% loss
example of my settings:
Startposition:
Position middle of July:
You will notice a few things:
i) 15.27Usd profits received via 2 traders ( names removed to avoid someby attacs me :o) , but feel free to send me an email and I will share you the names )
ii) 15.27 profits on 456.62usd tradingvolume, average 3.5% profit per trade
iii) The first traders traded 336usd, so he trades much, made me give him a low amount. The second trades less but it gave me a bigger profit.
= almost 50% profit in less than 3 weeks
iv) VST = Virtual copy
The website gives you free Specimen money to learn to trade. No risk, you can do it for a much and as long as you want
This is my story. I will update in 3 months again. Feel free to contact me and stay safe.
Many thanks and leave a like if you like reading it
