What is Bybit?
Bybit is a trading platform. Cryptocurrency Singaporean citizenship Founded in 2018 with User-Interface (UI) that is simple and easy to use There are both spot trading and derivatives to choose from. For spot trading, there is a Take Profit function, or take profit when the price point is set and Stop Loss or sell loss when the price falls below the set point. also provided for trading making it possible to manage risks in the market Cryptocurrency In addition, Bybit also offers a Testnet platform or a demo account with virtual money in the account. This allows users to experiment or practice their trading risk-free. For derivatives trading, leverage up to 100x is also offered, and there are many trading pairs to choose from.
From statistics, it was found that Every investor has a dream of getting rich fast so they are interested in trading. But more than 40% of investors will stop trading in just 1 month and over 80% will stop trading in the first 2 years. Trading is not easy for everyone, Bybit sees this problem. Therefore, it is considered a trading platform. The first Cryptocurrency to be available “Copy Trade” by “Principal Trader” Professionals to make trading easier.
Copy Trade What is
Copy Trade means copying or copying the trading system of the Principal Trader (expert trader leading the trade) which makes novice traders knowledgeable in Cryptocurrency at all or have some knowledge but still losing trades It can be copied and traded just like a Principal Trader, here Principal Trader receives a partial return on the profits of those who copy their trading system.
Why Copy Trade?
According to a study by Barber, Lee, Odean (2010), most investors will fail in trading. And only about 1% of investors are successful in trading until they can make a living. That’s because trading can generate sustainable profits. It depends on many factors, not just good trading techniques. also have capital management and trading psychology such as controlling emotions when losing trades control of greed, etc.
Therefore, the Copy Trade system can help us select traders with good trading. Continue to make profits Which can be seen from the various statistical values as shown in the figure below.
The image shows a consistently profitable Principal Trader. Notice that this Principal Trader has been in Copy Trade for 53 days with a winning rate of 97.93% in the past 3 weeks. And profitable trading 896 timber out of a total of 988 sticks representing a win rate of over 90%, this Principal Trader can be considered to be reliable to some extent. And it could be a group of traders who were successful in those 1%.
If we Copy Trade with this Principal Trader, it means that we can profit and trade with over 90% win rate just like him. however Every investment has risks. Traders, no matter how proficient they are It has the right to make mistakes. One mistake can wipe all ports. Therefore, if you want to invest in Copy Trade system, it is best to use cold money.
Working principle Copy Trade Bybit
Principal Trader can get 10% share (up to 11% if Principal Trader profits more than $10,000 per week) of all Follower profits which is higher than others such as Binance 10% share Bitget share 8. % and Gate.io only gives 5% share. There are also tasks to win over 5000 USDT and also compete to be the best trader for a total prize pool of 5000 USDT.
Followers or Followers need to share 10% of their profits with Principal Trader, which is a very small percentage. Compared to the time that you have to study trading yourself
This is a win-win for both parties. Principal Traders are motivated to trade to win. Because the share to be received is from the Follower’s profit. If trading is very profitable, the Follower earns a lot. Principal Trader will get more share. Follower will deduct share to Principal Trader in order to get big profit. more than you trade yourself
Profit sharing rules
- Generally, the Follower’s trading depends entirely on the Principal Trader, whether it is opening/closing positions, Take Profit points and Stop Loss points. together
- if Follower Close the position and get profit, which can be caused by either manual close by Follower or normally closed by Principal Trader, 10% of profit is pre-deducted.
Position atopensame day The system will deduct the profit share when all open positions on that day are all closed.
4. The system will calculate the net profit. (Profit minus loss) cycles every week from 0.00 AM (UTC) on Saturday (7 AM Thailand time) to 11:59 PM (UTC) on the following Friday (6:59 AM on Saturday). next in Thailand time) and the share will be distributed to Principal Trader at 10:00 AM on the following Monday.
from the picture below Shows an example of a Follower’s trading results.
The square below represents the profit share pre-deducted according to rule 2, that is, only the Follower’s profit is taken into account. 150 + 300 equals 450 USDT, pre-deducted 10%, equals 45 USDT.
which the remaining money which is calculated frompre-deducted amount minus Share received by Principal Trader is 45 – 15 = 30 USDT. This amount will be credited back to the account of Follower
Frequently Asked Questions: FAQ
summarize
Bybit is considered a trading platform. Cryptocurrency Interesting and eye-catching with an easy-to-use UI. wide range of features Suitable for all types of investors whether it is a racing line There is a leverage of up to 100x or a safe line. There is a system to set Take Profit / Stop Loss, so you don’t have to be afraid that you will be stuck in the mountains. You don’t have to keep an eye on the screen all the time. or even a novice who has no knowledge of Cryptocurrency Before, we can trade using Copy Trade system that allows us to trade according to expert traders. Therefore, it can be considered as a quite complete trading platform. Suitable for all types of investors
But in the end, regardless of any type of trader The main thing that everyone should have is clear trading discipline. and good capital management If everyone can will survive in the market Cryptocurrency definitely
Reference
[รีวิว] Bybit เว็ปเทรดอนุพันธ์ชั้นนำจากสิงคโปร์ ที่มาพร้อมกับ leverage ratio ถึง 100x !!!
https://www.marketplacefairness.org/cryptocurrency/bybit-review/
https://www.bybit.com/th-TH/help-center/bybitHC_Article?id=000001561&language=en