Turning $500 into $615 in 1 Week!
46sThe quick profit update creates curiosity and FOMO, prompting viewers to watch how the money grew.
▶ Play ClipAI Summary
The video documents a two-week experiment following a trader on Binance's copy trading feature, starting with $500 and ending with $696, a $196 net profit. The creator, Femi Olani, walks through the process of checking earnings, understanding profit sharing, and stopping the copy to withdraw funds.
Chapters
[00:00]
Experiment Setup
The creator previously asked viewers how long to follow a trader; after one week, $500 turned into $615, and he extended for another week to see if profits would grow.
[01:26]
How to Check Copy Trading Earnings
Navigate to the 'Trade' section, select 'Copy Trading', and view the trader and current earnings. Alternatively, go to the 'Wallet' page and click 'Copy Trading' on the overview.
[02:24]
Two-Week Results
After two weeks, the $500 grew to $696, a $196 profit. The creator emphasizes this is not guaranteed; copying traders can lead to losses.
[03:14]
Understanding PnL and Profit Sharing
Realized PnL was $218, but net profit was $196 due to a 10% profit share to the trader. The estimated profit share showed zero because the trader had already taken their cut.
[04:05]
How to Stop Copying and Withdraw
Click the arrow next to the trader, select 'Stop Copying', confirm, and the funds transfer to the spot wallet. The margin balance of $696 was received.
Copy trading can yield significant returns, but it carries risk. Understanding profit sharing and how to exit positions is crucial for managing your investment.
Mentioned in this Video
Tutorial Checklist
1
01:26
Open Binance app, go to 'Trade', then 'Copy Trading' to view your followed trader and current earnings.
Study Flashcards (5)
What was the starting amount and the final amount after two weeks of copy trading?
easy
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What was the starting amount and the final amount after two weeks of copy trading?
easy
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Started with $500, ended with $696.
02:24
What is the profit sharing percentage mentioned in the video?
easy
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What is the profit sharing percentage mentioned in the video?
easy
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The trader takes 10% of the profit, the copier keeps 90%.
03:31
What is the difference between realized PnL and net PnL?
medium
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What is the difference between realized PnL and net PnL?
medium
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Realized PnL is the total profit before profit sharing; net PnL is the amount after the trader's 10% cut.
03:14
Where does the money go after you stop copying a trader?
easy
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Where does the money go after you stop copying a trader?
easy
Click to reveal answer
The funds are transferred to your spot wallet.
04:32
Why did the estimated profit share show zero in the video?
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Why did the estimated profit share show zero in the video?
medium
Click to reveal answer
Because the trader had already taken their 10% profit share from previous trades.
04:05
💡 Key Takeaways
📊
Two-Week Profit of $196
Demonstrates a concrete outcome of copy trading, showing both potential gains and the importance of risk.
02:24
💡
Profit Sharing Explained
Clarifies how traders earn from copy trading, a key factor for users to consider before copying.
03:31
🔧
Stopping Copy Trading
Provides actionable steps to exit a copy trade and withdraw funds, essential for managing risk.
04:05Full Transcript
[00:00] hi everyone welcome to another video it's familiar in your ear and in this video i'm going to be showing you how much i've been able to make with the binance copy trader feature in two weeks now some days ago i made a video on how to make money with copy trading i also made a video on the steps
[00:15] you need to follow to copy a trader and i also talked about all the settings you need to follow to copy a trader the right way so if you don't watch that video the link to that video will be in the description below now in that video i asked you guys to tell me how many days i can follow
[00:28] the trader for so i can see how much i'll be able to make or lose and some of you said one week some of you said well two weeks some of you said a month and so on and i left it for one week and the trader i followed was able to help us turn 500 to 615 dollars in one week and since some of you
[00:46] guys said i should leave it for another one week again so i decided to leave it for another one week so it is now two weeks of following this trader let's see if we've been able to add more money to the $615 or maybe we've lost more money.
[00:59] So let's check that out. But before I do that, if you are new to my YouTube channel, welcome. My name is Femi Olani. I'm a crypto trader and I make videos on crypto and personal finance. So if you love content like this, kindly subscribe to my YouTube channel and please like this video.
[01:12] Thank you. Now I'm not going to be making this video too long. I not going to be seeing a lot of things I just go straight to the point and show you whether I been able to add more money or lose more money now to go to the copy trading page to see how much you been able to make so i just come right here to where you have more where there is pointing to
[01:26] so once i click on it you scroll down to where you have trade right here and under trade you'll see where you have copy trading now right here at the bottom side of the screen you will see where you have copy so you click on it and once you click on it right here you'll be seeing the
[01:39] trader you are following and how much you are currently making if you don't want to do it like this you can just go to your wallet page so let me go back to the home page so i'm back on the home page so on the bottom side of the screen i'll just click on wallet right here and then you can
[01:53] see on the overview page i'll see what i've been able to make or lose by checking this copy trader right here so if you are not copying any trader you will see this copy trading right here so it is here because i'm only copying a trader so i'll click on copy trading right here so this way i can
[02:08] check how much i'm making how much i'm losing by following this trader so now to the moment of truth how much have i been able to add to the 615 dollars or how much have i been able to lose from the 615 dollars so let's check it right here so in two weeks we've been able to turn 500
[02:24] dollars to 696 dollars that's almost 700 dollars so that's about 196 dollars profit in just two weeks of following a trader on binance now let me say this again now this does not mean that if you follow a trader you be making money or you be losing money you can make more than this in two weeks and you can lose a lot of money by copying a trader in just two weeks so be careful don just go and copy any
[02:48] trader right away don't copy any trader right away if you need a way on how to copy a good trader just follow the strategy i talked about in my video so the reality is i've been able to make 196 profit in two weeks but with just 500 dollars now some of you ask me a question on how can you
[03:02] stop copying the trader how can you withdraw your money and all of that so i'll be doing that right now so to do that just click on this arrow right here once you click on it so you can see when you have stopped copying just click on it and at the bottom side of the screen you'll be
[03:14] seeing your margin balance which is $696 your total profit and loss which is $218 now before i redraw this profit let me show you guys the difference between this realized pnl and this net pnl now this realized pnl is the total profit i've been able to make from this so i've been able
[03:31] to make about 218 dollars right here and then if you come right here to have net profit i have net profit of 196 dollars now there's a profit sharing of 10 percent that you can see right here this means that from the profit i've been able to make by copying this trader the trader i'm
[03:46] copying will take 10 percent of the profit and i'll take 90 percent so the 90 percent is the net profit which is my own which is 196 dollars i want you guys to take note of that so just come right here and click on stop copying again and at the bottom side of the screen you see the margin balance which is 696 dollars
[04:05] the total PNL is 218 and then the estimated profit share you can see it's saying zero right here now this estimated profit share is supposed to be showing how much the trader would take as his own 10 profit but the reason why you have zero is because the trader has taken his profits already
[04:19] this means that the trader has stopped taking more trades so there's no need to copy this trader so that is why i'm stopping this so you can see right here estimated receiving amount which is the amount i'll be receiving is 696 dollars so i'll just come right here and click on confirm
[04:32] now you need to take note that this money will be transferred to your spot wallet you need to take note of that so i'll click on confirm right here so you can see copying stopped so i'll just go to my spot wallet to check it so my spot wallet already so you can see where you are usdt so
[04:47] let me open it so you can see how much i have there so you can see i have 697 dollars which is what I just redrew right now. So that's how to stop copying a trader and to redraw your money to your wallet. I hope you understand everything.
