1. Can I both lead trades and follow trades at the same time?
Yes, you can have up to 1 lead trading portfolio (project) and up to 50 following trading portfolios (projects) simultaneously.
2. Does my following trading account share my contract account?
The following trading account is independent of the contract account, and each portfolio (project) has its own separate sub-account; account balances are not shared.
3. What is the difference between leading trades and contract trading?
Copy traders have a dedicated trading page. To provide a better trading experience for copy traders, the trading process and interface for copy trading are similar to contract trading.
4. What benefits do copy traders enjoy?
When the trades of following users generate profits, the lead trader can earn 10% of the following users' profits as an additional profit-sharing reward, while the following users receive the remaining profits.
5. Why did the following trade fail?
Common reasons for failure in following trades include:
- Insufficient margin balance;
- The lead trader initiated an order to open a position, but the order has not been completely filled;
- Insufficient market liquidity;
- The calculated number of copies is less than the minimum quantity set for the trading pair.
- For the same currency pair and direction, if the lead trader closes all positions and the follower has not completed closing due to market liquidity issues, and the lead trader opens a position in that direction again, the follower may experience a failure in following.
- When the follower begins to follow, if the lead trader's current position does not have an advantage over the current price, the follower will not execute the follow.
6. Can following trades guarantee profits?
Following trades cannot guarantee profits and carry a considerable degree of high risk. The historical performance of excellent lead traders can serve as a reference for whether you should participate in following trades. You should implement risk management and invest rationally within your financial capacity.
7. Can ET be used to offset transaction fees in following trades?
Yes, you need to transfer ET to the corresponding following project, and the system will automatically use ET for offsetting. The offsetting rules are the same as those for U-based contract trading.
8. If a follower starts following when the lead trader already has positions, will the follower follow those positions?
If the current price has an advantage relative to the lead trader's positions, the follower will follow.
If the current price does not have an advantage, the follower will not follow the current positions.
9. Why did the follower get liquidated while the lead trader did not?
Common reasons for failure in following trades include:
- The lead trader increased the margin, but the follower did not follow suit.
- The lead trader used ET to offset transaction fees, while the follower did not.
- When the follower started following, the lead trader already had profitable positions.
- The follower transferred the available balance from the following account to the spot account.
- The follower manually closed positions held.
10. Why do the values of unrealized profit and loss differ when I check the summary and details in my positions?
The data in the position summary reflects the current aggregated data for that trading pair, while the data in the details is displayed separately based on each opening transaction. The two can differ due to opening and closing operations.
Here are some examples:
(1) Operation: Open long BTC 100 contracts at an opening price of 90,000, current price 100,000.
At this time, the summary data:
Opening average price: 90,000 USDT, Position size: 100 contracts, Unrealized profit and loss: 1,111.11
At this time, the detail data:
Opening average price: 90,000 USDT, Position size: 100 contracts, Unrealized profit and loss: 1,111.11
(2) Operation: Open long BTC 100 contracts at an opening price of 100,000, current price 110,000.
At this time, the summary data:
Opening average price: 94,736.84 USDT, Position size: 200 contracts, Unrealized profit and loss: 3,222.22
At this time, the detail has two entries:
A. Opening average price: 90,000 USDT, Position size: 100 contracts, Unrealized profit and loss: 2,222.22
B. Opening average price: 100,000 USDT, Position size: 100 contracts, Unrealized profit and loss: 1,000
(3) Operation: Close long BTC 100 contracts at a closing price of 110,000, current price 110,000.
At this time, the summary data:
Opening average price: 94,736.84 USDT, Position size: 100 contracts, Unrealized profit and loss: 1,611.11
At this time, the details only have one entry:
B. Opening average price: 100,000 USDT, Position size: 100 contracts, Unrealized profit and loss: 1,000
At this time, the opening average price and unrealized profit and loss in the summary data will differ, but the position size remains the same. This is because the details are calculated based on a first-in, first-out logic. A's position has been closed, with a realized profit and loss of 2,222.22.