Many people think that the key to success in **copy trading on Bitget** is to find a good trader who can easily multiply the deposits of everyone who subscribes to him. But it often happens that an investor finds a trader who has excellent indicators (PNL and others) and gets losses from** the first trades.** Then the investor begins to analyze the trader’s transactions and sees that he had no losses in those transactions, but on the contrary, the profit was fixed. Sometimes there are cases that after one trade the investor loses the entire deposit without understanding how it happened. It’s all about the **copy trading risk settings.** Of course, the quality of trader’s trade is very important. But if you have no idea what the trader’s trading strategy is, what risks he puts, what his deposit and** the size of his positions** – a high-quality copy trading setup on Bitget is almost impossible. Therefore, in this article we will share with you a trading strategy within the Bitget Copytrade Marathon and copytrading settings for this strategy.

**If you have not accidentally read** the terms of participation **in our copytrading on Bitget** **and what Bitget Copytrade Marathon is – do not waste time and** register for the Bitget **copytrading platform. The number of places is limited!**

Trading strategy and other nuances of Copy trading on Bitget

This сopy trading on Bitget, which is planned for half a year, is dedicated to high-risk trading. We have allocated **$3000** for this interesting and quite volatile experiment. The maximum leverage that we will use is **20**. That is, our maximum margin deposit is **$60,000.**

### Trading position size and number of trading positions in one trading situation

We do not plan to use the entire 20 leverage deposit in one trade. The maximum value of one trade is approximately 8% of the margin deposit. At the beginning of **copy trading on Bitget, **it is about **$5000.** In one trading situation on the cryptocurrency market, we can simultaneously open 3 positions for different trading pairs. That is, having a personal deposit of $3000, we can afford to enter positions in one trading situation for a maximum of **$15,000.** With such settings, if we are totally mistaken in the direction of price movement for all 3 trading pairs, the margin call will come after **14-17%** of the price movement against our positions. We also reserve the right to average the position once. But this averaging should go to the total allowable amount of $15,000.

### Gaining a position over $15,000 – under what circumstances?

Though, it was not for nothing that we decided to choose a working leverage of x20. If we set a break-even stop on our 3 positions, this gives us the right to take new 3 positions. Thus, we can do this operation 4 times, taking **12 positions for the amount of $60,000.** But at the same time, our risks do not increase every time.

## Copy trading on Bitget -3 options of settings for effective trading

After you have transferred at least **$500 to your USDT (M) wallet **– you need to be very careful about setting the risks for your trade. If our settings do not suit you, you can choose your own. For this, we have described the trading strategy and all the numbers.

### Margin leverage is the key to successful copy trading on Bitget

And indeed it is! Two important parameters are the fixed amount to enter one position and the “maximum amount” of capital for trading are calculated using the margin leverage. Therefore, first of all, you need to click on the “Contract – USDT-M” tab and set the leverage level you need on the right of the screen. This must be done on each trading pair that can be copied: BTC ETH XRP EOS BCH LTC ADA AVAX AXS DOT FIL LINK LUNA MATIC.

That is, you need to set the same leverage 7 times on all these trading pairs. **What is the credit leverage in copy trading on Bitget should be set? **If you want to protect yourself from losing your deposit by 99%, use** the 4th **leverage. We’ll show you why below. If you are ready to risk a little more and get more profit, put **the 8th **leverage. In this case, the loss of the deposit will happen if the price falls below 30-35% of your position on the 3rd trading pairs. Is this possible? Yes, but that won’t happen often. But for those who want to take the maximum risks and multiply the deposit well, we advise you to leave** the 20 leverage** and copy our trades without reducing the risk. With this style of trading, it is **MANDATORY to withdraw profit to the spot. **Loss of your deposit will happen someday. But by then we should have made a lot more than we will lose.

Setting the size of one position – Fixed amount or fixed coefficient?

Position sizing is a very important parameter. By putting a very small value, you simply will not earn. Taking a very large one, you may not have enough deposit to buy a global position of a trader. **Fixed Amount **– This setting works well if:

- A trader enters a position in 1 or 2 parts and does not buy a trading instrument several times along the way. This is just about our approach to trading. But if we would enter a global position with many small positions, the fixed amount would work very poorly.
- When the size of trader’s position is so large in relation to your deposit that using the fixed ratio for the lowest values is still very risky.

To correctly enter the value of the fixed Amount into the system, you need to divide the position size by the leverage that is worth. For example, if you want one position to include $1000 and you have the 4th leverage, then you need to enter the value $250 in the “fixed amount” field. If you deposit $1000 – your position size will actually be $4000 (If you have 4th leverage).

Returning to our copy trading on Bitget – we recommend that you go to** 8% of the deposit** that you have brought to the exchange. For example, you transferred $300 to a USDT M wallet and placed 4th leverage on all trading pairs. In this case, the value of the “fixed amount” you will have 300 * 0.08 = $24. In fact, the size of one position will be $96. Since we enter 3 positions in one trading situation, your total amount will be $288. / Since your deposit is $300 with such settings, you will never have a loss of your deposit. In fact, you are trading with your own money without a loan.

If you use the **8th leverage**, the size of your position will be 24 * 8 = $192 and the size of the trading situation – $768. With 20 leverage you will have a position size of $480 and a trade size of $1440.

Therefore, the value of the “Fixed Amount” for different risk settings should be the same in the case of trading in our copy trade marathon. We do not recommend using the “fixed ratio” when trading with us, as it is not effective.

### Maximum follow – when should this parameter be used?

As we wrote above, the level of margin leverage is the main parameter that limits risks. But if you do not want to use your entire deposit for trading with one trader, the **“Maximum follow”** parameter will help you. For example, your deposit that you transferred to the exchange is $1000. You have placed the 4th leverage. But you want no more than $2000 to be used when trading with us. In this case, you need $2000/4 leverage = $500. You need to enter this value into the Maximum quantity.

BUT! If you have, for example, the** Fixed Amount** (amount per position) – $250 and we enter in one trading situation in 3 positions, the Platform will allow you to enter only in 2. Therefore, for clarity of trading, or correctly calculate the ratio of the Allocated Amount and the Maximum Amount or do not fill in this field at all.

### Stop Loss and Take Profit – Should they be set?

Considering the fact that in Bitget Copytrade Marathon we do not set stops and manually close both losses and profits, we do not recommend setting any settings for stop loss and take profit. This will only worsen your trade.