Let’s start with the downside — or rather, the main and most important one.
That, of course, is risk. And if you approach copy trading in the most clueless and naive way, hoping for some magical “money” button, then in 100% of cases you’ll lose your deposit.
But the thing is, all of crypto is high risk, and everyone entering this space should understand that very clearly.
Yes, wallets can rug, wipe out their followers’ deposits, come up with all kinds of shady schemes, etc. But we’re talking about copy trading with a smart approach, so we count those scenarios as part of the risk landscape.
Personally, I find copy trading less risky than manual trading. For others, it might be the opposite — they see it as an uncontrollable gamble. It all depends on your mindset and strategy.
The Pros. This is where it gets interesting.
First Pro
When you’re trading manually, you simply can’t be in the market 24/7. You need to sleep, eat, help your kids with homework, go to school or university, etc.
A huge advantage of copy trading is that once you find solid wallets, they trade for you 24/7. For example, while you were sleeping and missed a juicy pump, your lead trader caught it — and you profited.
I’ve seen countless cases of smart traders who walked away from their screens for just five minutes and missed out on 200–300–400x gains. They would’ve definitely caught those tokens based on their metrics, but they were AFK. Copy trading can’t completely eliminate this problem, but it helps a lot.
Second Pro
Even elite traders and degens are plagued by FOMO: entering too late, exiting too early, averaging down when they shouldn’t, and so on.
We all have our horror stories. And those failures take a toll on your mental state — and psychology is one of the core pillars of trading.
Copy trading helps minimize FOMO.
You find a solid wallet, connect your risk management setup properly, and learn how to administer everything effectively.
That’s it. You’ve done your part.
What the wallet does next — when it enters, how it exits — that’s on them.
This mindset removes the burden of constant self-doubt and protects your mental health. Understanding this will make copy trading much easier.
Of course, sometimes you’ll know a wallet tends to exit too early or hold too long, and you’ll close trades manually. That’s already the next level of copy trading — it happens much less often and requires way less stress and uncertainty.
More often, you’ll wake up, see a nice 3,000–5,000% gain closed by your wallet while you slept. You check the chart and realize you would’ve sold at 2x or 3x.
That’s a huge win for copy trading.
Third Pro
This one is big — and not obvious to many.
When you spend hours hunting wallets, analyzing their trades, digging through chart history and behavior — you develop a strong sense of market awareness and learn how to trade for free.
You don’t need to risk your own money, ape into tokens, and learn the hard way. You’re learning from the wallets you’re studying.
While I was just analyzing wallets and not trading manually, I discovered a dozen strategies and approaches. In just 2–3 weeks of researching wallets, I started understanding the market much better and developed strong visual experience. And I hadn’t even bought a single token.
These three major benefits are exactly why I started studying copy trading and moved away from manual degenerate gambling.
Let me repeat — I’m not telling you to rush out and buy paid tools or nodes. They won’t teach you how to research.
So here’s what I recommend:
Use two of the most solid services and start working:
DBot – the best bot for copy trading with the lowest commissions.
Axiom – the best tool for chart analysis.
