I Made $1,400 in 7 Days Copy Trading on BingX

[00:02] how much money I can make or lose in 7 Days copy trading other professional Days copy trading other professional Traders so I deposited $10,000 on Bing X exchange for this Challenge and hopefully I don't lose it all the reason

[00:15] why used Bing X exchange and not buybit or binance for copy trading is because they do not require qyc in other words identity verification but there's a catch to it you can only bypass kyc if you use the link below in the

[00:30] description otherwise you will be asked to verify your identity for those who don't know what copy trading is in simple terms you automatically copy trades of your selected Traders so whenever they make a trade this system

[00:43] automatically opens the same trade for you and whenever the trader closes the trade the trade is being closed for you as well so all you literally need to do is to deposit money and select which Traer you want to follow I know it

[00:56] sounds easy on the paper but the reality is different because there are so many Traders available to copy trade so how do I know which one to trust because at the end of the day they will be responsible whether I lose or gain money

[01:10] so to increase my success rate I made some rules that the trader that I want to copy has to follow I know that in trading risk management is the Ultimate Weapon every good Trader has to be equipped with and if I see that Trader

[01:24] risks more than they can potentially make it tells me it's just a matter of time until they lose all their Capital so risk to reward should be at least one to one which is the worst case meaning if they risk losing $100 their gain

[01:40] should be $100 on the winning trades the second rule and the most important one which I think most people ignore is the trader must be a day trader and not a swing Trader or sculp Trader because if they do swing trading they might hold

[01:56] position for a week or even more which wouldn't work well for this Challenge and lastly if they are sculp trading meaning they do many trades in a very short period of time and they try to capitalize on small price changes then

[02:11] it's the voice Trader for copy trading just because of the slower execution of your copy trades and sudden price changes you will never get into the position and exit the position at the same price as Trader so even if the

[02:25] trader is in profit it does not mean you will be so I want to prevent that when when I do copy trading okay so we jump in on Bing X exchange we go to copy trading and see who we want to follow if we look at the trending Traders and

[02:40] let's say we pick the first one let's see at the stats so in the last 30 days he made more than 10,000 and his account assets basically capital is sitting at 11,000 which is not bad now let's look at his Vin ratio which is very very high

[02:57] at his Vin ratio which is very very high 97% if we look at the PN ratio meaning risk reward ratio it's 1 to 3.4 which is very bad so basically when he has a winning trade he on average makes $6 when he has a losing trade he

[03:13] loses $20 so obviously that's not someone I want to follow let's look at this one in the last 30 days he made over 4,000 and his Vin ratio is 68%

[03:25] which is not bad if they have a good risk management let's see average profit is $70 almost $70 and average loss is $23 which is very nice if we look at the risk reward ratio it's almost 3 to1

[03:42] which is very very nice let's see if he has any current positions open has five positions trade history all the winning trades guys I think I'm going to follow

[03:54] this Trader I'm going to follow with entire 10,000 Capital that I have deposited and let's see if he opens or closes any trades overnight until tomorrow okay it's the first day of day trading it's been about 14 hours since I

[04:08] started following the trader of my choice it's time to check if any trades have been opened and if I'm rich yet or I'll need to take a loan to make it all back in one trade okay let's see how we did so the trader opened two trades and

[04:23] did so the trader opened two trades and Clos them in profit so ethereum long has Clos them in profit so ethereum long has been closed in $66 profit and Solana made me almost $160 in profit so in total I am

[04:36] $160 in profit so in total I am $216 up in less than 24 hours which is awesome but I have a confession to make I have closed those two trades manually because I noticed that Trader has $5,000 in trading balance so that's the

[04:51] amount he trades with and I have double that in my account so the position sizes are the same as I would have 5,000 which means means I'm missing out on potential gains so I closed those two trades in profit so I could cancel my subscription

[05:06] and follow this Trader with the same amount as his trading balance which is $5,000 and because I have another 5,000 left in my copy trading balance I will left in my copy trading balance I will follow another Trader after 1 hour 47

[05:20] minutes 25 seconds of research I found this guy the VIN ratio of this Trader is super high which might be a good thing or there is something Shady going on risk to reward ratio not to my liking but I let it pass because of the success

[05:36] rate being high so now let's see how much money will I make or lose tomorrow okay I'm back to my station and it's day two of the copy trading Challenge and so I'm going to share all the screenshots of the trade that been taken

[05:52] by the Traders as we can see the first Trader that I followed haven't made any new trades because he still has the previous trades running which if you remember I closed manually so I could refollow him with the same

[06:04] amount as his trading balance as for the new Trader he made six new trades which fortunately all been profitable and he finished the day with finished the day with $190 profit for me so far I'm

[06:19] $190 profit for me so far I'm $388 in profit $190 from the new Trader and $216 from the first Trader and honestly so far I'm enjoying the Challenge and if the Traders keep up their results maybe

[06:33] I'll make enough to pay for my monthly rent and I know that trading is not lineer so I'm expecting losing days as well okay guys it's day three and I have some bad news no new trades have been closed we have three trades that were

[06:49] opened and still running two trades from our second Trader are running in negative so far but they haven't been closed yet so still unre realized loss and I have one trade opened from the first Trader which is in a very small

[07:05] profit so far again I'm going to share the screenshot so you can see we shall see if these trades get closed today if they do I will update you if not we're going to carry on to tomorrow good day and it's day four of the challenge and

[07:19] let's see if I still have any money left in my account one of the trades running from our second Trader that we followed was closed today in out standing $10

[07:31] profit profit I know it's lifechanging gains but hey better green days than red ones right as for the second trade it's still open and running we don't have any unrealized gains or losses and let's see what the first Trader that I've been

[07:46] what the first Trader that I've been following from day one has for us today as I can see our first Trader closed one trade $79 in profit which is awesome overall today was a green day and total profit

[08:00] on this challenge so far and it's day four it's $477 in profit which is not bad considering I didn't do nothing except record this video but again I'm still expecting to have some red days because

[08:16] we cannot have every day a green day and keep making profits right because like I keep making profits right because like I said before trading is not lineer so I'm expecting red days maybe it will be tomorrow who knows so let's see tomorrow

[08:30] it's day five of this challenge including today we have three more trading days to go and I'm very Ken to check how much money has been baned today or maybe lost because as a rule I don't check any trades until I come here

[08:45] and make a video so let me pull up my phone and see as I can see the second Trader that had the trade opened for 2 days he finally closed the trade but the days he finally closed the trade but the trade was closed in 40 $7 as for the

[09:01] was $51 in profit which is awesome and that puts me $4 profit on the day and $4 profit on the day and $481 in profit in total on this

[09:16] challenge so far and honestly I'm very proud of the traders that I follow because I haven't seen anything stupid being done so far such as holding trades for too long or maybe risking too much on the trade so I can leave my positions

[09:31] open and leave everything to Traders because I know they've been doing a good job so far and it's day five and we still haven't had a single losing day still haven't had a single losing day like today we had $4 in profit but it's

[09:45] a profit not a loss so I'm happy with that and let's hope for the next two days they going to keep killing it okay it's day six of the challenge and I feel something good is going to happen today like me getting a G

[10:05] wagon okay unlikely but on a positive note let's see how our Traders did today okay as I can see our second Trader that I followed 5 days ago haven't made a single new trade but our first Trader opened and closed five trades today two

[10:21] we losing trades that in total cost me $11 so I'm fine losing $11 right and and three trades were closed in profit that made me over

[10:39] is the last day of my challenge which I hope going to follow the same winning pattern as the last 6 days but we shall see that tomorrow finally the last day of the challenge is here and being completely honest so far it has been a

[10:55] smooth ride I haven't had a losing day but there were some losing trades but Traders manage them properly which puts more trust into those traders that I chose as for the final day let's see whether it's a red or a green day okay

[11:12] as I can see the second Trader did not open any new trades but fortunately for me the first Trader opened and closed five trades today and looking at my

[11:24] five trades today and looking at my total balance I can see that today was the most profitable day in this challenge just to remind you as of challenge just to remind you as of yesterday I was in total profit of

[11:37] yesterday I was in total profit of $721 and today all five trades closed profited me over $11,400 which has almost doubl the last 6 days combined which is absolutely insane and I'm finishing this challenge

[11:52] insane and I'm finishing this challenge being over Traders on Bing X exchange let me know in the comments if you want me to keep

[12:04] the challenge running and report back in a month see how much money has been made or lost in a month because maybe I got lucky in those seven days and those two Traders just had a winning days non-stop back to back and if you got inspired and

[12:19] want to copy trade as well I highly suggest doing that on Bing X exchange since they have a huge variety of traders to pick and they are only exchang that offers no slippage copy trading so if you use the link Down

[12:32] Below in the description you can get up to $50 bonus for copy trading and I hope you enjoyed my Challenge and see you on the next one