Summary: - The episode by Andrés Díaz explains how to identify consistently profitable traders for copy trading by focusing on long-term consistency rather than a single strong month. - Key idea: true profitability comes from steady, repeatable performance across months, even during volatility and news events. - Seven-step framework: 1) Define consistency criteria (time horizon of 6–12 months, acceptable risk limits). 2) Collect performance data for each trader (monthly returns, drawdowns, trades). 3) Analyze curve stability using a consistency index (mean return divided by volatility). 4) Evaluate relative risk (max drawdown, gain-to-loss ratio, Sharpe) and avoid relying on gross profit alone. 5) Assess diversity and dependence among traders; diversify across different styles (intraday, swing, fundamental). 6) Conduct backtesting/offline testing to simulate performance under stress. 7) Implement gradually with ongoing monitoring and transparency (start small, set alerts, require publishable history). - Practical application steps: use tracking templates, set a minimum consistency threshold (e.g., 6 consecutive positive months with drawdown under 10%), run a 3–6 month backtest, then a small live trial, and perform quarterly reviews with a lessons-learned log. - Extra tips: keep a trade diary to spot patterns, ensure transparency, and consider combining continuous education with performance auditing to improve success rates. - Closing notes: invites listeners to subscribe, engage, and contact through provided channels; emphasizes that performance auditing is an investment in informed decision-making and risk management. Remeber you can contact me at [email protected]