How/What about Copy Trading? Your experience? https://en.wikipedia.org/wiki/Copy_trading https://www.elitetrader.com/et/thre...-looking-at-trades.301239/page-2#post-4305354
Depends what you follow. But from a bookmaking point of view. The more the followers, the lesser the advantage. Up to the point where the strategy becomes unprofitable.
The problem is probably that the copiers quit when the strategy underperforms. Hard to stick with an underperforming strategy if you're just copying and don't have any conviction.
The wild west - those making real $$ are those providing the shovels (brokers, copy trading platforms) and a few lucky/unscrupulous traders.
Commissions have kept me from taking advantage of called trades. Switching to a prop firm soon so should have a more complete review by October. It's an active room with 8-12 called trades during the mornings and I was trading on a sim (sadly) when he called a 38% runner in Feb 16'. High volume stocks, so no problem getting filled, good risk mgmt (1% stops) and great trade mgmt. Audio calls in real time with typically 30 secs warning or more. I was trading a micro sized account ($2500 equity) and made $1508 the first full mo, unfortunately commissions were $1502! (W suretrader). Switch to prop firm @ .0035/share and greater buying power should help significantly.
Conviction is a huge aspect of trading -- and so is experience, and skill, and intuition, and tactics and a host of other variables to constantly consider. But conviction is important -- also being open-minded and flexible as well. Many traders are faithless preachers, in my opinion.