Fading the crowd works per trade and fails per portfolio.

Going against Binance long/short extremes: the median trade was positive. The portfolio was +5 % a year with a 29 % drawdown and failed on both halves of the sample. Lesson we kept: a good median does not make a good portfolio.

Question: have you ever traded against the crowd?

#copytrading #hyperliquid #tradingjournal

If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD