Copy trading due diligence: do not look only at returns

Do not look only at the curve

Returns can be inflated by short-term leverage, polished history or hidden losing accounts.

6 questions

1. What is max drawdown.
2. What is largest position size.
3. Is it long-term live history.
4. Can losing accounts be hidden.
5. What are copy delay and slippage.
6. Is your liquidation level different.

Practical advice

Start with minimum funds and record real slippage, concentration and withdrawals.