Have you ever had to "fire" a trader you were copying? What was the final straw?

Trading Strategies & Techniques
1

Been copy trading for about 8 months now and thinking about dropping one of my traders.

Three weeks of consistent losses and they keep doubling down on USD pairs when the trend is clearly against them. Just wondering what made others finally pull the plug on traders they were following.

2

Your trader is going against the market trend. Doubling down on losing USD pairs is risky. Three weeks of losses is enough reason to let them go. They often struggle more under pressure. Set monthly drawdown limits when copying traders. If they hit the limit, stop the copy. Don’t wait for them to recover when the signs suggest otherwise.

3

Dropped a trader last year who went from swing trading to martingale madness.

Guy was crushing it for months, then started stacking multiple positions on the same pair. EUR/USD dropped 150 pips and he’s sitting there with 7 buy orders averaging down.

The breaking point? His account swung 30% in one day. That’s not trading - that’s straight gambling.

Dude was posting about “riding out volatility” with a 40% drawdown. I yanked my allocation that same day.

Now I watch risk per trade like a hawk. Someone changes their style that drastically? I’m out.

4

Fired a trader who kept ignoring stop losses.

5

Dumped a trader last month after watching him revenge trade for two weeks straight. Lost 12% on my account from his trades alone.

Every time he’d take a loss, he’d immediately double his position size trying to win it back. Classic emotional trading stuff I stopped doing years ago.

The final straw was when he held a losing EURUSD position for 6 days with no stop loss. Market kept moving against him and he just sat there hoping it’d reverse.

Now I set an 8% max drawdown limit before copying anyone. Makes it automatic - no more getting attached to their past performance.

6

I stopped copying a trader who clearly didn’t follow their own rules. They claimed to stick to a 2% risk per trade but were actually going much higher. Losing trust like that is a dealbreaker for me.

7

I dropped a trader who overtraded in a volatile market. Too many bad trades stacked up quickly.