How can I manage risk when copy trading?
For all Copiers, you can manage your risk when Copy Trading by setting Stop Loss and Take Profit for a Signal Provider's strategy through the PU Prime App. These settings allow you to define your preferred loss and profit thresholds for your Copy Trading strategy.
Before you start, ensure that you have:
- A PU Prime account
- A Copy Trading account with sufficient funds
- PU Prime App installed
- A Signal Provider strategy selected for copying
Set Risk Management Settings
Log in to the PU Prime App.
Select your preferred Copy Trading account.
Select the Signal Provider strategy you want to copy.
Select Copy.
Enter the required copy trading order details and, set the Stop Loss and Take Profit amounts according to your preferred risk management settings.
- Once your Copy Trading settings are confirmed, the selected risk management settings will be applied to your Copy Trading order. You can review them under the "Settings" section.
Manage Risk for an Existing Copy Trading Strategy
If you have already started copying a strategy and want to review or update your risk management settings by going to "Manage", then risk management settings and update Stop Loss and Take Profit settings.
Important Information
- Stop Loss is used to set a maximum margin loss for the Copy Trading strategy.
- Take Profit is used to set a target profit amount.
- Due to market volatility and slippage, the actual loss may exceed the Stop Loss amount entered.
- Stop Loss and Take Profit do not guarantee a specific loss or profit amount.
