Copy trading performance over the past month Return: 11.66% Maximum drawdown: 2.11% Win rate: 100% Historically closed: 0 trades
Since Binance revamped things, badges are no longer awarded based on returns or maximum drawdown. Now they only look at the number of followers and the amount they copy. Put plainly, Binance judges whether a lead trader is any good solely by how much money they have. As long as you have enough money, it doesn’t matter if you lose over 50% in a single trade. These new rules are making things increasingly unfriendly for small-time traders like us who use low leverage to build a steady track record.
Traders like us are already the kind of traders retail investors like the least, because we can’t double our money in one trade or make 10x in a week. At least the Trader Master badge used to help people see our value. Now, unless someone already knows you and searches your name, you won’t show up in their feed or get recommended at all. 🤡🤡🤡
I’d like to ask top trader @Yi He : who came up with this mechanism on a whim? It’s like the trading competitions these days—returns don’t matter, only trading volume does. Is it really all about commission fees now? #合约跟单
If you're bullish, you can buy at this level without worrying too much—just don't get overly aggressive. This level is both price support and the 0.382 retracement of the pullback on the 2-day timeframe I mentioned. From a bullish perspective, the risk-reward ratio is extremely favorable.
If the downswing on the 2-day timeframe is a sideways correction, the rebound here could be very strong. For example, if we break above 82,000 again, then make another pullback similar to the move from 87,000 to 75,000, we may not break below the 76,000 support again. It could follow a pattern like the first chart—the yellow move I posted on October 8.
I haven't gone heavily long myself, but I've closed my short positions for now too. I'll keep watching and see what happens. I'm currently flat on futures and have allocated some funds to spot. Futures copy trading doesn't show that, of course. I even bought a little gold a couple of days ago, and I definitely need to hold some Bitcoin, since it's my main focus.
If it drops further, I'll add more—buying gradually, with a plan to buy down to 44,000–53,000 (the worst-case scenario at this stage). #比特币反弹至7.5万美元芯片股领涨
smallworld
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I still think this is the bottom. That bearish engulfing pattern earlier probably made a bunch of people flip from long to short, and a lot of KOLs have started calling for a drop too. Once CPI is out of the way, there won’t be much major news for the next month, which should make it easier to pump the market. Anyway, whether it goes up or down depends on next week.
I've taken profits on the short position for now. Even with such strong nonfarm payroll data, the price didn't fall, so I don't expect a major drop during regular trading hours. Time to take it easy over the weekend; we'll see what happens next week. #非农就业数据推升加息预期
It surged too much yesterday, and I got cold feet—I didn't dare add to my position. 😭
做交易的墨白
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Damn, gold has stopped going up, but crypto has taken off. It’s rising a bit too aggressively, so I don’t dare add back the portion of my position I cut this morning just yet. I’ll sit tight and watch for now. #AMD超预期大涨,AI叙事延续?
Damn, gold has stopped going up, but crypto has taken off. It’s rising a bit too aggressively, so I don’t dare add back the portion of my position I cut this morning just yet. I’ll sit tight and watch for now. #AMD超预期大涨,AI叙事延续?
BTC has fallen back to near its previous lows. Although the outlook is still bearish, now that it’s at support, I’d recommend trimming your position somewhat, especially if you’re heavily invested. Keep an eye on it here: if the lower timeframes continue to consolidate instead of bouncing, you can add back in.
ETH has performed relatively well in this move. Although it peaked earlier than BTC last night, it’s held up pretty well during today’s decline. We didn’t see BTC fall while ETH crashed—my bad, I misjudged it. #美国中期选举:市场有哪些期待?
The rebound is basically complete here. Bitcoin’s lower-timeframe trend is very weak, while Ethereum still has a chance to form a minor local high on the lower timeframes. But if it turns down and starts falling again, its expected downside should still be more limited than Bitcoin’s, so I recommend shorting Ethereum.
You can enter once the 2-hour indicators turn down. If you’re worried about missing the move and are feeling very aggressive, you can open a small starter short now and add to it once the reversal is confirmed. #比特币下跌
The economy really isn’t doing too well. The owner has already dropped the price of this huge serving of big-plate chicken to 48 yuan to attract customers. Less than 10u—less than the fee many people pay just to place a single order. #EconomicDownturn
It may be time to start buying gold. You can take the position suggested at the beginning of the month and build a small core holding first, in case the price takes off right away. Use grid orders to accumulate the rest of the position.
If it falls back below 3,400, it will have broken below the previous daily consolidation range, indicating that the market is being repriced. We’ll need to keep an eye on it, but it probably won’t get that bad in the short term, so there should be plenty of time to adjust positions. #黄金下跌 $XAU
The copy-trading account is only 6% away from getting back to its peak. Over the past two months, my big-picture views have mostly been fine, but I got the timing wrong and my execution was pretty bad. Even so, I’m not going to reset the live account. I can’t just say, “I got the view right,” when I was right but didn’t make any money, can I?
Right is right, wrong is wrong—there’s no need to cover anything up. Thanks to all the guys who’ve kept following my trades during this time. We’ll meet at the summit! #合约跟单
It hit 76xxx right after I said it—how considerate. Took partial profits on the short, but I’m not rushing to buy the dip yet. Let’s see how it plays out. #BitcoinDrop
做交易的墨白
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Bearish
That little flash crash was a wake-up call, but Bitcoin is still strong. Ethereum has been below the support level around 2,360 for half a month, while Bitcoin still isn’t willing to drop to even 76xxx. PS: The swing correction on the 2-day chart is still underway, so there’s no rush to buy the dip. #纳指100期货下跌0.9%
That little flash crash was a wake-up call, but Bitcoin is still strong. Ethereum has been below the support level around 2,360 for half a month, while Bitcoin still isn’t willing to drop to even 76xxx. PS: The swing correction on the 2-day chart is still underway, so there’s no rush to buy the dip. #纳指100期货下跌0.9%
Slowly start scaling into short positions. The price action is terrible. The medium-term swing rebound has been undermined by a low-timeframe “door” move, and the rebound high near 84,800 is very likely the absolute high for this entire rebound. #比特币下跌
The swing correction on the 2-day chart that I mentioned at the start of the month is still underway. Bitcoin is still looking very strong and, so far, hasn’t actually fallen back into the 76,000–79,000 consolidation range.
The current structure still calls for a bearish outlook. However, given how strong Bitcoin is, once the next leg down is over, even if you don’t open a long position, you should start buying some spot Bitcoin to keep on hand. #比特币下跌