2025-12-25 03:21:59

The experience of my first day of copy trading was quite shocking. I was following a long position strategy on a certain account, opening positions based on the upper band of the 4-hour Bollinger Bands, using 30x leverage, and holding through the ups and downs until reaching the lower band before closing the position. Surprisingly, I didn't get liquidated. At that moment, I was wondering if trading in the crypto world is really that simple? Can I just turn around and make money?

Comparing it to my previous experience with spot gold trading, if I used the same approach—this high leverage, no stop-loss, completely relying on holding through the volatility—I would have long been wiped out. The volatility and liquidity in the gold market are entirely different; an extreme market condition can instantly wipe out an account.

Looking back now, that lucky mindset was extremely dangerous. Not getting liquidated doesn't mean the strategy is reliable; it was just good luck to catch a favorable market rhythm. At the start of copy trading, I had no risk control awareness, no stop-loss settings, and was operating with a high gambling mentality. This kind of mode will inevitably lead to losses sooner or later, it's just a matter of time. Beginners are easily blinded by one or two lucky wins, and that's the most frightening part.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
6
Repost
Share

Comment

0/400

HalfBuddhaMoney

· 3h ago

Using 30x leverage without liquidation is truly unbelievable; this guy must be really lucky. One lucky win and he thinks he's enlightened; the crypto world is toxic. Relying solely on holding without stop-loss? You'll be taught a lesson by the market sooner or later, it's just a matter of probability. Copy trading is really the beginning of gambling; don't be fooled by a few lucky streaks.

View OriginalReply0

ProbablyNothing

· 3h ago

Haha, lucky not to get liquidated and think you're a trading genius. This illness is quite serious. Using 30x leverage is really playing with fire. Next time the market moves in the opposite direction, it will be a textbook example of a wipeout. The Bollinger Bands strategy sounds pretty simple, but trading without stop-losses is purely a gambler's mentality. That's how the crypto world is. One lucky victory can poison a newbie for several months. To put it plainly, risk control awareness is more important than anything else. Without it, you'll eventually have to pay tuition fees.

View OriginalReply0

ForkMaster

· 3h ago

30x leverage with no stop-loss, fighting through orders? This isn't trading, it's gambling. You'll pay the price sooner or later. --- I've seen many tricks with Bollinger Bands, but the key still depends on risk control. You're obviously just lucky to have hit it. --- The experience with gold trading is useful, but the liquidity in the crypto market is different. Next time the market turns, it'll be a lesson. --- Not blowing up your account ≠ making money. This has been said many times, but some people still fall for it. Beginners are most afraid of tasting a little success and getting cocky. --- The biggest trap in copy trading is copying blindly. Do others have the same risk tolerance as you? Stop-loss is something you really can't skimp on. --- Winning a few times with this kind of holding strategy doesn't mean the system is reliable. I've seen too many end up completely wiped out, it's just a matter of time. --- High leverage without setting a stop-loss? That's a death sentence in any market, and it's even more ridiculous in crypto. One extreme market move and you're gone. --- Luck ≠ strength. Waking up early, some people only realize what risk control is after losing seven or eight times.

View OriginalReply0

GasBankrupter

· 3h ago

Haha, this is the gambler's moment of self-redemption, have you suddenly realized? Thinking you've understood after just one no-liquidation? That's a common mistake among crypto newcomers. 30x leverage to the lower band? I've already taken off my pants, and the next second I get wiped out. No stop-loss is like playing Russian roulette; you'll pay the price sooner or later. Thinking you've cracked the code after making a profit—that mindset is the most dangerous.

View OriginalReply0

BetterLuckyThanSmart

· 3h ago

Using 30x leverage to hold on without liquidation and thinking you've achieved enlightenment—laughable Relying on luck as skill will eventually backfire No stop-loss means you're gambling; don't give it a fancy name

View OriginalReply0

GreenCandleCollector

· 4h ago

Using 30x leverage without setting a stop loss and still being alive is outrageous; luck really can't be relied upon as a skill. The gambler's mentality is the most dangerous—one lucky break and they think they've figured it out. The crypto world is too complicated; don't be blinded by a single market wave. It's no wonder that resisting orders can make money; sooner or later, there will be a backlash. Not getting liquidated ≠ being reliable; this understanding is essential. A single lucky win can destroy a beginner's entire rationality. This kind of trading approach, time will teach you how to behave.

View OriginalReply0