Oddbean new post about | logout
 that sucks ... just hodl 
 I can't cus I got liquidated but lesson learned  
 what is copy trading 
 Binance have that option, your account automatically copy the operations of a principal trader that you choose.

It worked just fine for a lot of months but this crash liquidated lot of people  
 I never heard of that that sounds really cool 
I guess until it isn't apparently 
 I would not recommend it! 
 I've been warned, ty 
 That sounds borderline criminal. So some big influencer dude doesn't need to pump and dump on Telegram but will have his clones served to him by Binance? 
 So let me get this straight: The leader gets to front-run the followers every time? 
 The copy leader gets 10% or the profits earned from the copiers 
 The 10% are an incentive to not screw them over but ... that's on top of him doing the trade before the others or does he need a secondary account to front-run them? 
 I had never thought about that, if anyone wants to do that, then yes, they would need a secondary account.

 
 No, it's a 10% *bonus* before they front-run them 🤣