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Yesterday, I randomly chose a trader in the copy trading market of a major exchange, and in just one day, I witnessed what real "operation" looks like.
This guy only opened one position, directly using 50x leverage, then played around with 70x, and the craziest part is he didn't even set a stop-loss. He just forced the margin to be completely wiped out. I really admire that.
But that's not all. I also simulated copying a few other traders, and all of them ended up losing. Some got liquidated in just one day—such speed is unmatched. How do these copy traders get selected? Can they really trade with such skills?
The BTC market here is calm, but it's these high-leverage, stop-loss-free operations that are showing off to me. It seems that when it comes to copy trading, I need to reassess the risk factors myself.