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You can see when they buy or sell a position. It's on the blockchain so it's all public. And yes, copying positions is called copy-trading and it's extremely po
by SamPatt 8mo ago
You can see when they buy or sell a position. It's on the blockchain so it's all public. And yes, copying positions is called copy-trading and it's extremely popular.
Orders aren't public though. Only the actual trades. This is important because by the time the trade is known by others very often the edge is gone. Especially if you have other people watching the same trader and they all try to copy the trade at the same time.
- swingboy 8mo agoIf it takes so long for the actual trades to show up then why is copy-trading popular?
- 0x3f 8mo agoNot all strategies are low-latency, so you can copy trade someone with a buy and hold approach. For example someone you think is an insider or whale who might influence the outcome.
- nubg 7mo agoCould the "trend-setter" not just buy, sell, buy, sell and own everybody who moves after him?
- SamPatt 7mo agoYes. This is why copy-trading often fails.