What makes a good copy trader? It’s a question I get all the time.
Copy trading is one of the most prolific forms of passive income that you can partake in in 2025. If you can get it right, you can literally print money while you sleep, while you hang out at the beach, while you’re at the gym, or whatever else you do. You sick bastard.
But that doesn’t make it easy. If it were so easy, everyone would do it, as is the old saying.
Copy trading is actually extremely difficult.
It takes a sharp mind to be able to analyze wallets and run numbers, but it takes more than anything a strong mindset.
In this article, I’ll talk about what makes a good copy trader. What qualities and characteristics do you need to succeed in this game?
And I’ll tell you how you can get started or start cultivating those mindsets if you don’t think you’re there yet. Because at CopyTrader.com, our number one goal is to get you making money copy trading.
Let’s dive in.
What makes a good copy trader? 4 traits you need to succeed
Let’s break down the characteristics of a good copy trader, one by one, so you can add each one to your psychological repertoire.
1: A good copy trader is extremely patient.
Above anything else, I think to be successful in copy trading, you need to be extremely patient.
I talk to so many guys on Discord, if you’re not in our Discord channel yet, then join. And I can tell you one thing is that when everyone’s getting started, they think this game is going to be easy and they want to get rich really fast.
I see the same mistakes over and over, which are primarily guys trading too many wallets at the same time and trying to trade wallets who trade hundreds of times a day.
I get it. When you start copy trading, you want to see those trades happening. You want to get that adrenaline rush of making money. But if you trade with more than one trader at a time in the beginning, or you trade someone who trades too frequently, then you will not be in control of what’s going on. Within a blink of an eye, your account can be at zero.
It can happen really fast.
On the contrary, good copy traders are extremely patient. They don’t trade with someone unless they are absolutely sure they are going to make money.
They are willing to spend weeks watching that wallet, maybe even shadow trading that wallet. Even if they miss huge plays, it’s okay, because they know that when they enter, they will be sure.
They start trading with only one guy until they have automated that guy to a point that they don’t have to look at him anymore. Then they can add new guys in and slowly test them.
They don’t make money initially as fast, but they don’t lose their money. Eventually, the momentum kicks in, and they start making crazy gains.
The impulsive trader, on the other hand, usually loses his starting capital within a few days and ruins the entire experience, having to wait months to save up more money to try again.
Which would you rather do?
2: A good copy trader has courage
In order to be able to handle this game, you need to be able to endure some shit.
I can’t tell you how many times I’ve found an amazing trader in one of our daily wallet drops, and then as soon as I plug him in, he has 3 questionable trades in a row.
Doesn’t mean that he was a bad trader and I shouldn’t trade with him. It’s just that all traders have ups and downs. There’s something about crypto that anytime you start trading someone, they start to suck before they pick it back up.
That’s why when you use our trade simulators, which simulate how you would’ve done with a wallet for the last 100 transactions, you can’t quit with that wallet after 3 bad trades because the success that you would’ve had with that wallet is over a longer period of time.
To get to the winning trades, which will usually bump you up way past where you started, you may have to endure some losing trades. And most guys simply can’t do this.
I see it every day with new guys who I’m coaching. They don’t have that much money, which is fine. So when they start and they lose a few trades, they absolutely melt down and freak out and they turn off the bots or they stop trading with that trader.
Now, it would be advisable to stop trading with that trader if there was something obviously wrong going on with your trades or they started doing something weird. But most of the times, they just had a few bad trades and this is unavoidable because no trader is perfect.
So, what happens then is they freak out, they turn the bot off, they take the trader out, and as the trader does the trader will start to do good again. They miss all those good trades and they freak out because they lost $100 and then they missed out on making $300. So they turn the trader back on and then the trader loses the trade and they freak out again and they turn the trader off. They get stuck in this death cycle of just constantly missing the good trades and catching the bad trades.
You have to do your due diligence as we teach in our full course and analyze a wallet to a certainty level that you know that if you trade with this guy over 100 trades, you are going to be successful.
And then you just need to suck it up and start trading with him, even if his first few trades aren’t his best.
What usually happens anyway is that you start trading with someone because they just absolutely crushed it for the last week. And when people have extremely good or extremely high highs, then sometimes they get a little bit of a pullback.
Honestly, when I find a trader who I really like and who I’ve done my research on and he just had a hot streak, I’ll wait a week until he loses 3-4 trades in a row and then I’ll plug him in because I know he’s going to come through. I know that he’s eventually going to bounce back and I get the big wins instead of getting caught always catching his bad trades.
Then when he wins a crazy amount in a row or has a huge trade, maybe I’ll turn him off. Trying to avoid a potential run of losses.
It’s all a mind game, but most of the time you just have to have courage and take the leap, enduring a possible cold streak or a pullback from your mirror. This leads us into the next thing that you need to be a good copy trader: money.
3: A good copy trader has a healthy amount of money
I know you’re getting into the copy trading game to make money, but honestly, the best copy traders have a shitload of it.
It’s so true when they say you need money to make money. And while you don’t actually need crazy amounts of money to make money in copy trading, it really does help.
The first reason is because of what I just spoke about. You may start training with a trader and they may have 4-5 bad trades in a row. If you don’t have enough money to endure that and wait for the good trades, the big 10x wins, you’re going to turn them off or you’re going to run out of money too fast and then you’re going to miss the wins and it will be a complete waste of time.
Secondly, if you don’t have a lot of money, then you’ll probably try to start trading with crazy small amounts of money which is very hard to win with because you have to pay fees and you have to deal with slippage. So after the fees and after the slippage, even if you show profit in a trade, you may end up losing money because your profit was less than the fees.
This occurs all the time. It actually just occurred with someone who I was helping, and it’s because they weren’t buying with enough Solana. You can see in the picture below how their GMGN account said they made money, but they lost money on both trades.
It was because they spent more money in fees than they made. So in reality, they showed a total loss of -50% for each trade.
On the contrary, when you trade with very high amounts of Solana, then you only need a few percentage in profit to offset your fees. Even taking 5-10% off the top will yield you some good gains. A 10% gain on a 5 Solana buy is 0.5 Solana, which at the time of writing this is almost $100. But if someone is buying with $0.05 Solana, a 10% gain might equate to not being profitable because you spent more in fees than you earned.
For anyone starting, I recommend testing wallets with a buy size of 0.1 Solana. Anything less than that will be very hard to see whether or not your fees are eating into your profit. When you do start actually trading with people, I recommend at least 0.2 Solana buys or else your fees will really eat into your profits and just make the whole game that much harder.
4: A good copy trader is mentally strong
To be a good copy trader, you need to be mentally strong. You need to be able to watch your balance dropping because you know that you’ve done your work and that the strategy in place is going to come through in the long term.
You need to be able to not look at hindsight and think, “Oh, only if I sold here” or “Oh, only if I did that.” Or “Oh, only if I traded him then instead of here.” Because there’s no telling the future in copy trading. And when you copy trade someone, it’s usually because they’ve done really good over the last few weeks, which means they often will have a pullback. So you never really know when is a good time to start.
If you wait too long, you might miss a big hit. If you start too early, you might get 5 bad trades in a row. You need to be mentally strong and just start. Trust in yourself, your analysis, and your strategy.
And if it doesn’t work out and you lose your expendable funds, then you need to be mentally strong. Take a breath and figure out what went wrong. You need to learn from your mistakes and then make sure they don’t happen again.
Lastly, you need to be mentally strong not to go on tilt and throw all your money in there trying to make it back. If you lose your account however much it was, then take a break, reflect, learn, and come back when you’ve saved up some more money that you can risk and give it another go. There’s no rush. Copy trading is not going anywhere.
Conclusion
So there you have it – this is what makes a good copy trader. Copy trading isn’t for everyone, and it’s certainly no easy feat. But if you’ve got some startup capital that you are willing to risk and you’ve got a strong mindset along with patience, then you too could be successful copy trading.
At copytrader.com, we’ve got so many successful members who are sharing their results in real-time. I’ve seen guys who were making $6-700 in their first 3 days, and it’s just an incredible thing to watch happen live.
If you want to learn how to successfully copy trade, then head to copytrader.com/course to check out a free course that I built to help you go from A to Z and make your first $100 day with copy trading. And if you want to join in on the discussion and check out our Discord channel where we talk copy trading all day and help each other grow.
That’s it for now guys and girls. I’ll see you next time.
