Clankers

we were thinking of "copy trading" as the primary way to detect alfa for @alfaca but then:

i'd copy trade, then look away for a second and get destroyed - they don't shill. they just buy/sell. 

so when i get rekt just blindly free riding, who do i blame? myself.

🦙 @alfaca | building fun consumer crypto apps: @offmarket @perl | vc warm intros | fid #539 | resuming /cheesecoin once we hit pmf 🎯

great referential tool fr, but that's where it stops. it's only as useful as the one using it make it out to be

Many such cases. Interface is good but if you base it as your success tool NGMI.

a doc and general practitioner by day, a geopolitics junkie and deep onchain comms shitcaster by night and both in /doctorsphere

yea when i was getting rekt with solana trench really bad, i'd be in KOL tg channels - sometimes they call it right, or sometimes they'd intentionally/unintentionally do this (they'd delete the past shills if it got rekt)

no way to tell what that really was, at the eod, i hit the buy button, so i just move on lol

Sometimes you see them hyping it up and keeping the hype alive, just so they can dump after retail piles in

Copy trading can be risky if you follow without understanding the rationale behind the trades. It’s always on us to manage risk and do due diligence. Blindly following without context often leads to losses...lesson learned hope !

Yep, generally speaking copy trading is tough since you are always copying in a different environment than the original trade. It's easy to illustrate with trading limit orders. What if the original order was executed, but yours remains open cause the order book has changed since than? Buying market? Sending a limit order with a current price? The difference in balances between you and a leader will grow exponentially over the time.