On the OKX Copy Trading Plaza, traders marked with red performance labels are not necessarily untrustworthy, while green-labeled "star traders" may also have hidden risks. The key is to break down "stability" into several easy-to-understand metrics, instead of only checking their total return ranking.
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When you enter a trader's personal profile page, do not only stare at the total rate of return. Focus on the following 3 sections, which combined can help you judge if the trader's trading performance is stable:
- Check the shape of the "profit and loss curve". This is the most intuitive stability metric. If the return curve stays in an upward channel for a long time, and the slope of pullbacks is relatively gentle, it is usually a sign of relatively robust performance. If the curve stays flat or rises slowly most of the time, it means the trader's strategy adapts to most market conditions. But if the curve shows sharp rises and crashes with jagged fluctuations, it may mean the trader uses high leverage or adopts a very aggressive trading style.
- Check the "latest 30-day win rate" and "profit/loss ratio". An excessively high win rate (for example, higher than 80%) does not necessarily mean stability, as it may come from frequent short-term operations that keep recycling funds. A low win rate paired with a high profit/loss ratio (for example, average profit is more than 2 times the average loss) is also a sign of stable performance.
- Check the Max Drawdown and "recovery days". Compared with absolute returns, the core of stability is "can the trader recover losses after a drawdown". If the max drawdown is within 10% and the trader can recover the loss in a few days, it usually means the trader has strict risk control discipline. If the trader has a historical drawdown of over 30% and took a very long time to recover, you need to be more cautious.
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One extra tip: Many platforms put the "7-day return" label in the most prominent position on the trader list page. This may only mean the trader caught the correct trend in the latest week, not that they can perform well in choppy range-bound markets. We usually recommend you check their weekly return records of the past few months. If their weekly returns are mostly positive, instead of relying on one single huge profit day to boost total performance, following this kind of trader will give you a much more comfortable experience.
