I'm at a major cross road right now and I'm looking for advice.
For the better start of the year until last month I was swing trading shares . 3 months I made about 25% profit off the tech boom up until the war with iran.
I pulled my money out of the stock market and was holding cash... thinking the market was going to dip more. While that was happening I discovered copytrading spreads.
Copytrading spreads is a bot that the owner auto executes spreads on your broker account. Has a 91% win rate and 13% monthly return. I was doing good on the copytrading made 4k off 20k in 2 months until today where I lost that 4k due to the market pushing up.
The bot has an amazing track record
Statistics
Total Return $$5,845
Total Return %116.9%
"Avg Monthly
Return (to date)"13.0%
"Annualized
Return"155.9%
Win Rate91.3%
Total Wins158
Total Losses15
Average Win$68
Average Loss-$325
Largest Win $220.00
Largest Loss-$695
Cash Needed $5,000
Profit Factor $2.20
Win Loss Ratio- 0.209
Expected Value 90.16
Giving 116% total return, 5.8k return per unit
1unit=5k needed. I was trading on 4 units. (20k)
All was going so well until this week, lost 700$ yesturday and 3.9k today. My account went from 31k to 26k. Back to exactly where I started when I pulled my money out.
The biggest regret I have is while I pulled out of the market the market rallied to ATHs and tech is booming. I could have doubled my money in some cases.
On a good month, if the bot returns 1k per unit, I can make 4k per month off 20k and scale up - up to 15 units max. Maybe making 10k-15k per month.
I need advice: Should I go back to the stock market, or copy trade the bot?
If anyone wants to DM me I can send you the spread sheet of the full list of trades to see if its worth the risk