Getting Started with Copy Trading on Oddy

What is Copy Trading?

Copy trading allows you to automatically mirror the trades of top-performing traders. Instead of just watching what whales do, you can execute the same positions with your own capital.

Why Copy Trade?

Leverage Expert Analysis

Top traders often have better information, more sophisticated analysis tools, or simply more experience. Copy trading lets you benefit from their expertise without doing all the research yourself.

Save Time

Prediction markets move fast. By the time you've analyzed a market, the opportunity may have passed. Copy trading executes instantly when top traders make moves.

Learn by Doing

Watching successful traders is educational. Actually trading alongside them—with real skin in the game—accelerates your learning.

Getting Started

Step 1: Set Up Your Trading Wallet

Before you can copy trade, you need to connect a wallet with USDC on Polygon:

1. Navigate to Settings in the Oddy app
2. Find the Copy Trading section
3. Either create a new wallet or import an existing one
4. Fund your wallet with USDC on Polygon

Step 2: Configure Risk Settings

Oddy provides built-in risk management:

• •Position Size: Set a default amount per trade
• •Take Profit: Automatically exit when profit target is hit
• •Stop Loss: Limit downside by exiting losing positions

Start conservative. You can always increase position sizes as you gain confidence.

Step 3: Choose Traders to Follow

Not all top traders are worth copying. Consider:

• •Win Rate: How often do their trades profit?
• •ROI: What's their return relative to volume?
• •Trade Frequency: Do they trade often enough for your strategy?
• •Market Focus: Do they specialize in markets you understand?

Use the Oddy Leaderboard to identify candidates.

Step 4: Execute Your First Trade

When a trader you follow makes a move:

1. You'll receive a real-time alert (Telegram or in-app)
2. Review the trade details: market, side, size
3. Click to copy with one tap
4. Your position is now live

Risk Management Best Practices

Never Risk More Than You Can Afford to Lose

Copy trading is still trading. Even top traders have losing streaks.

Diversify Across Traders

Don't put all your capital behind one trader. Follow 3-5 traders with different styles.

Start Small

Begin with small position sizes until you understand the rhythm of copy trading.

Monitor Your Positions

Set take-profit and stop-loss levels. Don't let winners turn into losers.

Common Mistakes

1. Copying too late - By the time you see an alert, the price may have moved
2. Over-leveraging - Betting too much on any single trade
3. Ignoring stop losses - Hoping a losing position will recover
4. Blindly following - Not understanding why a trader made a move

Conclusion

Copy trading bridges the gap between passive tracking and active trading. Start small, manage your risk, and learn from the best traders in prediction markets.