2023 H1 Copy Trading Earnings Report
How time flies! The first half of 2023 has passed, and we are now on the second half of the year. As we look back on the first half of 2023, Bitget has been constantly refining and optimizing our copy trading feature to deliver a top-notch and seamless experience to our copy trading followers. We are delighted to witness a growing follower base as our feature gains wide-spread recognition among our users. To enhance our users understanding of Bitget's copy trading function, we are pleased to present the 2023 H1 Copy Trading Earnings Report, which summarizes key data pertaining to this function. At Bitget, we remain committed to supporting you every step of the way. So, let us delve into the key highlights of the report.
Bitget’s follower base continues to increase, seeing rising profitable trades and total profits
Total followers with positive profits: over 100,000
Total profitable trades: over 16,000,000
Total profits from copy trading: over 74,000,000 USDT
Total followers with positive profits: over 9000
Total profitable trades: over 140,000
Total profits from copy trading: over 300,000 USDT
Profile of profitable users engaging in futures copy trading
Users who earn over 1000 USDT in futures copy trading show the following characteristics:
1. On average, they follow 4 elite traders, with an average of 6200 USDT per order. Most followers have a leverage of below 50x and use the fixed amount mode when copying trades. These trades typically last around 23 hours, with most trades being intraday trades.
2. Mainstream coins like ETH, BTC and BGB are the preferred coins for copy trading.
3. They focus on indicators like the overall win rate, total trades and total profit.
The top 100 users in terms of futures copy trading profit show the following characteristics:
1. On average, they follow 7 elite traders and tend to copy trades involving mainstream coins. They have a leverage of below 50x, and use the fixed amount mode when copying trade, with most trades being intraday trade.
2. The elite futures traders they follow have over 70% win rate, execute more than 100 elite trades, and a ROI exceeding 10%.
The top user in terms of futures copy trading profit shows the following characteristics:
Number of elite traders followed: 27
Total profits fro m futures copy trading: 140,351 USDT
Total profitable trades: 5748
Total copy trades: 8060
This user prefers fixed amount mode when copying trades and tends to follow elite futures traders. The average leverage of each trade is below 50x, with their trades center around intraday high-frequency trading.
The top user in terms of profitable futures copy trades shows the following characteristics:
Number of elite traders followed: 175
Total profitable trades: 18,639
Total copy trades: 26,955
This user prefers using the multiplier mode when copying trades and follows multiple traders of up to 175 elite futures traders. The average leverage of each trade is below 50x, with their trades center around intraday high-frequency trading of mainstream coins.
Profile of profitable users engaging in spot copy trading
Users who earn over 1000 USDT in spot copy trading show the following characteristics:
1. On average, they follow 3 elite traders, with a total investment of about 1000 USDT.
2. Compared to futures followers, they tend to hold positions for longer durations, primarily engaging in long-term trading and without a specific preference for their following method.
3. The most commonly followed coins by these users are BTC, BGB, and newly listed coins in Bitget Copy Trading like AI concept coins and meme coins.
4. The elite traders they follow have over 60% win rate, execute more than 60 elite trades, and a total profit of over 100 USDT.
The top user in terms of spot copy trading profits shows the following characteristics:
Number of elite traders followed: 32
Total profitable trades: 950
Total copy trades: 1177
This user prefers using the multiplier mode when copying trades and follow multiple traders of up to 32 elite spot traders. On average, they execute 38 trades under each elite trader, with an average copy trade duration of 68 hours. Their copy trading activities mainly focus on medium to long-term positions in mainstream coins.
Feedback from profitable users
The copy trade shortcut is super convenient. With Bitget Copy Trading, you can easily get involved in futures or spot trading. Plus, you can learn trading strategies from different elite traders by checking out their opening and closing data. ---- Lo***to
Bitget Copy Trading offers you the flexibility to adjust various parameters before you start trading, and you can adjust them based on your risk appetite. ---- jim***om
Bitget Copy Trading is really awesome! I’m a cautious trader, so I prefer to follow elite traders with a high win rate. They are really amazing, and it seems like most of their trades are profitable! -----Chr***am
Conclusion
1. The majority of profitable followers diversify their trading risks by following multiple elite traders. They tend to hold futures orders for shorter durations, typically around 1 day, focusing on intraday high-frequency trading. Spot orders, on the other hand, are usually held for 2-3 days, primarily for medium to long-term trading.
2. Most profitable followers prefer using fixed amount mode when copying trades, with an average investment of approximately 50 USDT.
3. They make profits by trading new listings on Bitget Copy Trading and mainstream coins such as BTC, ETH, LTC, and BGB.
4. Among followers who profit from futures copy trading, around 70% follow over 7 elite traders on average. Nearly 80% of elite traders has over 60% win rate, with more than 60% executing over 100 elite trades. Additionally, close to 50% of elite traders realize profits of over 1000 USDT in elite trades. In spot copy trading, the majority of users follow elite traders who have over 60% win rates, execute over 60 elite trades, and earn profits of over 300 USDT.
5. In terms of risk control, around 30% of followers demonstrate prudential risk management by setting a stop-loss range when setting up copy trades.
The aforementioned data serves as a valuable reference for beginners when selecting a suitable trading strategy based on their individual circumstances. It is advisable for beginners to begin their copy trading journey with a small investment, low leverage, and appropriate stop-loss settings. They can then adjust their trading approach after having a holistic understanding of the trading styles of different elite traders.
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