Rotating to last month's winners lost 17–20 % a year.

We tested picking the top-K wallets by trailing ROI and rotating monthly, over a full year. The basket lost money while the untouched pool gained. Reason: one month's sign predicts the next only 11 points better than a coin flip, and rotation pays fees on every switch.

Question: how often do you change who you follow?

#copytrading #hyperliquid #tradingjournal

Same trades, same rules, in a Binance group for people who copy by API or trade them by hand: https://app.binance.com/uni-qr/DpuA7yYD