Tribes and copy trading
Copy trading can hand execution to a system. Tribes keeps the decision with you. What that difference actually changes, and which one you want.
Tribes3 min read- Beginner
- Read
- Trades
- Calls
Three ways people trade together
Group chats, copy trading and multiplayer trading can look similar from the outside. The difference is who controls the trade and how much of the experience stays connected.
| Aspect | A group chat + trading app | Copy trading | Tribes |
|---|---|---|---|
| Where the conversation happens | Usually in a separate chat or community, away from the market itself. | Depends on the platform. The main relationship is usually between a follower and the trader being copied. | Around the market itself, with chat, voice, Calls and trading in the same app. |
| Where the trade happens | In another app after leaving the conversation. | On the copy trading platform when eligible trades are mirrored automatically. | Inside Tribes, directly from a Call, a market or something shared in a Tribe. |
| Who opens the position | You do. | The system can automatically mirror the trader you chose to copy. | You do. Nothing is copied automatically and nobody else can open a position for you. |
| What other people can see | Mostly whatever members choose to post in the chat. | Depends on the platform and trader profile. | Positions, trading activity, history, performance and the Tribes someone belongs to can form part of their public trading identity. |
| What happens to the group activity | The conversation and the trade usually stay separated. | Activity is mainly attributed to the trader being copied and the followers copying them. | Calls and linked Trades build shared Tribe activity, statistics, verified history and reputation over time. |
| Who controls the trade | You do. | You choose who to copy, but individual trades may execute without separate confirmation. | You always choose your own entry, size and exit. |
| Does everyone take the same trade? | Only if members choose to do so themselves. | Followers can automatically receive versions of the same trader's position. | No. One shared idea can lead to many different individual positions. |
Group chats and copy trading can work differently from product to product. The comparison above describes the general models rather than any specific service.
Tribes is not a copy trading platform. Shared information can lead to shared activity, but every trading decision stays with the individual.
Nothing on Tribes is financial advice. Trading involves risk, including the possible loss of the money you invest.
Tribes and the alternatives
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