#监管框架与政策 Seeing Wu Qing's statement, I actually feel quite reassured. Financial regulation should be done this way - firmly not allowing operations in areas that are unclear and unmanageable. This is not conservatism, it's rationality.

What insights does this have for the copy trading circle? My observation is that more and more traders and platforms will be forced to adjust their strategies. Those who bet on leveraged plays in the gray area and high-leverage derivatives operations already had significant risk exposure, and now that the policy framework is clearer, the lifecycle of these strategies will be more limited.

Looking at opportunities from a different angle: clearer regulations can actually help us filter out more stable counterparties. Those long-term active traders with strong compliance awareness tend to have strategies that can withstand scrutiny, resulting in a higher safety margin for copy trading. Compared to aggressive players who gamble on policy dividends, the drawdown curve of these individuals is often smoother, making them more suitable for long-term copy trading arrangements.

The most practical advice is: re-examine those high-leverage derivatives or skilled traders in your tracking list. This doesn't mean giving up entirely, but rather recalculating their strategy resilience based on the new policy framework. Those who can maintain stable returns under constrained conditions are the truly trustworthy traders.

With this round of adjustments, the era of land grabbing is over; what matters now is the fundamental skills.