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Lead Trader Behavior Playbook
BTCC Support5 months ago
Lead trader criteria
This article outlines the guidelines designed for lead traders on BTCC. By adhering to these guidelines, lead traders can enjoy special benefits, such as increased exposure and traffic, a higher copy trader limit, and higher priority to take part in official promotional activities. Lead traders who don’t meet our standards may have their traffic limited or have their lead trader position revoked. As we develop our copy trading feature, we’ll continue to adjust and update these guidelines.
What qualities do we encourage in our lead traders?
1. Experience: Lead traders who’ve led trades on BTCC for a long time under different market conditions and brought profit to their copy traders.
2. Authenticity: Lead traders who use large amounts of their actual funds in their lead trades and take on the same risk as the traders copying them.
3. Good Risk Management: Lead traders who have a clear strategy for risk control and stopping losses. They take responsibility for users, have a low max drawdown, set a reasonable stop loss, and try to ensure a positive PnL for copy traders.
4. Trustworthiness: Lead traders whose copy traders trust and are willing to copy them on BTCC. They can bring new traders to the platform.
What behavior do we discourage in our lead traders?
1. Lead traders who falsify account data or create many different lead trade accounts.
2. Lead traders who hedge transactions to influence data while making sure they don’t make a loss.
3. Lead traders who hold onto unprofitable trades and don’t set stop losses, resulting in copy traders making losses and having their positions liquidated.
4. Lead traders who open trades with low funds, make random or extreme trades, don’t take responsibility for their copy traders, and change accounts if their account data becomes poor.
5. Lead traders who imitate other lead traders’ nickname or profile picture.
6. Lead traders who direct traffic to external platforms or promote their social media accounts.
Promoted traders will gain increased visibility, campaign support, and promotion of their profiles. However, traders who exhibit undesirable behavior may face traffic restrictions or, in severe cases, have their lead trader status revoked.
Optimization of Market board ranking
Based on the criteria above, we’ve adjusted the placement of traders within the Market board. Lead traders who meet the criteria will be prioritized at the top of the Market board.
BTCC reserves the right to add or modify these criteria without prior notice.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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