Copy Trading Results: $23 Profit, $150 Loss in 7 Days

[00:00] copy trading on the Binance app after just 7 days. So, in case you don't know, 7 days ago, I made a video on how to make money daily with copy trading on

[00:12] you need to do to start making money or to start copying a trader to make money on Binance. And in that video, I copied two different traders. I copied one

[00:24] trader for futures trading with $500. And then I copied another trader for spot trading with $500, making it $1,000. And then I asked you guys to it for 7 days. So this is the seventh day. And in this video, I'll be showing

[00:40] you how much I've been able to make or lose by copying those traders 7 days ago. But before going into that, please like this video so that other people be subscribed to my YouTube channel, please subscribe to the channel and support the

[00:54] channel. Thank you. Now the first thing you want to do is to go to the copy that is pointing to and then at the top of the screen you see where you have copy. So you click on copy right there. So right here is the copy trading page

[01:09] here to the bottom and click on copy where that is pointing to. So I'll click on it and right here on the screen is where you see all the details of the holdings right here. The holdings is where you see the current trades you're

[01:26] if you come under trade history, this is where you see all the trades that the trader took which he copied. So as you can see on the screen right here, you have KUSDT. You have KUSDT right here. And if you keep scrolling down, you see

[01:40] this trader was only trading KUSDT for spot trading throughout the time I was copying this person. So you can see all the trades right here. And then if you

[01:52] you can see we have not shared any profit because I have not closed it. So once I close it, any profit I make, the person will take 10% of that profit. Don't forget I talked about it in the video where I was showing you how to set

[02:06] up your copy trading on Binance. So whatever profit you make, the trader you and I stop copying this trader, whatever profit I've made, this trader will take 10%. But if I make loss, the trader is not taking anything. So you need to take

[02:21] where you be able to see like how much you be able to transfer in and out of the account throughout the time you are copying the trader. So you can see I've only transferred money into the copy trading account once, which was the $500

[02:35] I added on the day I started copying this trader. So I've not removed any maybe you've removed some money from it, you'll be seeing the history right here. Now, with all of this being said, how much have I been able to make by copying

[02:50] this trader? Now, to show you that, let me just go back. So, I just click on this back icon right here. And then after 7 days, the amount I've been able to make by copying this trader with $500 for sport trading is $23. So, you can

[03:03] see right here, I've made approximately $23 after just 7 days. And I think that's about 5% or thereabouts. I think it's 5% profit. So, I've been able to make 5% profit after just 7 days, which is not bad at all. Remember, I didn't do

[03:18] anything. The only thing I did was to set up this copy trading on the day I any analysis on my own. I'm just going about my life as usual. And then I've

[03:30] made 5% profit after 7 days. So, if you're a kind of person that you're looking to make passive income with trading, then copy trading is something And let's even assume that the trades that this trader took which I copied

[03:44] know maybe if I leave it for more days maybe I will even make more money I $23 as profit. So you can see it right there. Now for the futures copy for that

[03:59] one I canled it after 3 days. Now here's why I canceled it. Now on the third day when I checked it I noticed that the trader was taking a trade and the trader profit or loss you make will depend on the trader you are copying. So on that

[04:16] noticed that the trade that the trader was taking that day was making me to lose money. So I canceled it and from that trade I lost $150. So my $500 for futures copy trading went down to $350. So which

[04:32] losing that much money with copy trading since I've been doing it for over 3 years. I've been doing copy trading on different apps for over 3 years. You can go on my YouTube channel and go back and check. I've made so many videos of

[04:47] is the first time I'm losing as high as $150 with an investment of $500. Now, one thing I've learned from this because this is first time is

[04:59] copying a trader, please always set stop-loss. Now, if you know me very well should know that I don't always set stop loss or take profit. And the reason is

[05:12] because I believe the trader should be able to have full control of my account. If I set my stop loss maybe to lose maximum of $50, I would have cancelled and gotten out of the trade after I've lost $50. But thank God I saw it because

[05:28] if I didn't see it, maybe I would have even lost more money. But I saw it early and I canceled it and I lost $150. So what I'm just telling you is that if you are copying a trader whether for spot trading or futures trading please

[05:40] contrary to what I always do where I don't set stop loss please always set stop loss and even set take profit. So that is what I've been able to make. So from futures trading I lost $150. From sport trading I made

[05:53] $23. Now another thing I want to talk about is that whatever profit or loss I've made in this video does not mean that that's what you also make or lose for this port trading. Now if is that maybe you start copying a trader today

[06:09] you're going to make more money. Unless for example is futures trading and maybe the trader did not lose too much money and maybe the tra make more money for because I've lost money or because I've made money with spot trading right here

[06:25] that you also lose money or that you also make money. Please, your profit or loss depends on the trader you are copying. I always say this a lot in whatever video I'm making about copy trading. Again, copy trading is a good

[06:37] way to make money, but make sure you are copying a good trader. But between copy trading and trading B, for me, I still think I prefer Trading B. And in case guide on that one. The link to that video will be in the description below.

[06:53] Watch it and learn how to make money with Trading B on Binance. Now, before I go, let me show you how to stop copying a trader because that's one question you just need to do is to click on this arrow in front of the trader's name and

[07:08] then you click on stop copying right here where I was pointing to. So, I'll click on it and then at the bottom side of the screen, just click on confirm. sport wallet. Again, if you want to learn how to set up your own copy

[07:22] Or if you want to learn how to make money with trading both on Binance, the link to that video will also be in the description below. Thank you for get to 200,000 subscribers very soon. I'll see you in the next one. Bye.