- Not Sizing the Budget Properly: Respecting the minimum value suggested by the trader is fundamental. Avoid the temptation to invest more than you can handle, as each strategy has its own level of risk.
- Choose confusing platforms: Opt for transparent platforms that offer clear information about the strategies and traders available. Avoid those that confuse investors with vague or complex data. (see an example of a transparent platform https://stats.tmsocial.net/widgets/ratings/231?widgetKey=social_platform_ratings )
- Impatience with Results: The copytrader requires patience. Some strategies can take months to show consistent results. Evaluate your expectations and be willing to wait for success.
- Align Expectations: Consistent strategies usually deliver returns between 3% and 10% per month. If you seek gains above that, be prepared for greater risks and possible losses.
- Do not set limits: Before activating a strategy, set limits for losses. If you notice that you are losing money, have a limit to avoid excessive losses. Some traders may face significant downgrades before recovering.
- Choose High Drawdown Strategies: Prioritize strategies with moderate drawdowns. If the drawdown reaches more than 50% of the amount invested, consider changing your strategy to protect your funds.
Remember that copytrader offers opportunities, but it also involves risks. Research, analyze strategies carefully, and be prepared to adjust your approach as needed to achieve consistent results.
Risk Warning: Investing in copytrader involves significant risks and is not suitable for all investors. Past results do not guarantee future results. Investment strategies can lead to losses, and it is possible that you will lose all of your invested capital.