Let's talk about these things related to copy trading:

I previously saw a report stating that top contract copy trading personnel maintain a high standard for an average period of about 2 to 3 months, after which they will inevitably face significant drawdowns. It is hard not to feel concerned. Delving into the reasons, there are simply a few causes:
1. Overly pursuing attractive data, such as win rate, profit and loss ratio, etc. Once a mistake is made, one is reluctant to cut losses and exit, choosing instead to increase positions to lower costs, hoping for a quick recovery. Little do they know, as time goes on, the win rate will approach 50% indefinitely, and blindly chasing attractive data will sooner or later lead to significant losses! This is the meaning of stop-loss!
Second, in the crypto space, there are major rapid fluctuations from time to time, and it is particularly easy to lose money during these periods.
3. Position size and leverage are too large! Profits and losses come from the same source! The more enjoyable the profits, the more tragic the losses.
Always maintain a heart of reverence!
Without accumulating small streams, one cannot form rivers and seas! Steady compound interest is the only correct answer!