The Best Copy/Counter Trader Tool

This video introduces a website that allows users to copy or counter trades made by other traders on Polymarket. The presenter highlights this platform as a significant advancement, particularly because it enables users to place limit orders that mirror or oppose the limit orders of other traders, rather than just market orders. The process involves navigating to the "Live Feeds" section to find traders. Once a trader is identified, users can choose to "copy trade." Instead of executing a market order, the platform allows for the use of limit orders. Recommended settings include a 30-day buy limit expiration and a user-defined copy expiration, though the latter might not be essential. The presenter notes that slippage is not a concern when using limit orders exclusively. The platform offers flexibility in how trades are copied, such as copying a percentage of the trader's position size. For instance, one could set a minimum trade amount of $5 and a maximum of $50, or opt for a simpler percentage-based copy. The ability to use limit orders for copying trades is emphasized as a particularly cool feature. Users can review a trader's activity history to see how their own trades would have been executed based on the copied strategy. While there might be a slight lag, the presenter suggests that copying enough traders with well-configured limit orders can be effective. Even more beneficial, according to the presenter, is the "counter trade" feature. This allows users to profit by trading against good traders. By placing a limit order at the opposite price of a good trader's entry, it's suggested that these counter trades are likely to be filled. The presenter encourages viewers to identify and share both good traders to copy and bad traders to counter in the comments. The video also touches upon account setup, which is described as easy, requiring only a deposit of USDC. A potential future feature mentioned is the ability to trade KELSHI, even for non-Americans, although this is currently not available. The presenter concludes by emphasizing the potential for passive income through these copy and counter trading features on Polymarket.