Been copy trading Bluntz on WooX, lately he has done some bad trades, but early on he made some good ones, so overall I'm in profit.
Someone I know saw my early profits and decided to hop in, right at the moment where Bluntz started being unprofitable.
To add to this, that person saw a bunch of red positions and thought he knew more than Bluntz (Someone that has literally decades of experience), and manually closed the copy trades in deep red... thus realizing the losses.🤦♂️
The market then picked up and all those trades almost didn't make any losses when Bluntz actually closed them.
Spoke with this person and he told me he would not do it again...
This person then did it again in this last liquidation event, the position is already going up and almost neutral, but he realized losses in deep red.
Moral of the story:
If you are copying someone trust them to know when to close and to open, control your emotions.
RE: LeoThread 2024-12-11 08:21