New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Why do so many people lose money when copying trades? Simply put, it's because they choose the wrong person. If you want to truly earn passively through copy trading, here are my summarized key points:
**High Win Rate Should Make You Cautious**
Seeing a trader boast a win rate of over 70% should actually raise a red flag. Such figures often hide tricks—either they are artificially inflated by stacking large losing trades to boost the win rate, or they win often but make very little each time, so one big loss can wipe everything out. These "seemingly winning but actually losing" situations are more common than you think.
**Must Review Historical Orders**
No matter how lazy you are, you must thoroughly review the trader’s past orders. If you find that the number or total loss of losing trades significantly exceeds the profitable ones, just pass. Following such a person will only lead to more losses over time.
**Avoid Traders Without Stop-Loss or Those Who Have Blown Accounts**
Even if they are making good money in the short term, if they have a habit of holding onto losing positions without strict stop-loss discipline, or have previously blown an account, stay away. Looks profitable now, but often ends in nothing.
**Stick to Long-Term Following, Don’t Change Frequently**
Many people have the bad habit of jumping from one trader to another, which prevents consistent profits. Once you choose a reliable trader, hold for the long term and avoid constantly switching. Copy trading is fundamentally about patience—money doesn’t come from rushing, and the same applies in the crypto world.
I always stick to real trading, not virtual. To steadily profit in this market and avoid common pitfalls, the key is to carefully select the right traders.