Polymarket Copy Trading

How Rivo copy trades Polymarket step by step

The same five steps every time. Each one answers a question you should settle before the next one costs you anything.

1. Rank and research wallets. Start on the leaderboard, open a profile, and read the profit curve, the win rate by price band, the results by bet size, the categories and the biggest wins. In the terminal the same profile shows the wallet's open positions live and what each one trades at now.
2. Test the trader at your stake. The simulator on every profile replays copying the wallet at $25, $100 or $250 a trade over 7, 30 or 90 days, at the prices the wallet paid. In the bot builder the backtest runs at any stake you type. You see the trades behind the number, not only the total.
3. Follow the wallet for alerts. One click on Follow. Every new position reaches you in the app, as a notification on your phone or computer, and on Telegram once you link it. Filters keep the alerts worth reading: new positions only, a maximum entry price, a minimum trade size, the categories or kinds of market you want, and a cap on alerts per day for that trader. Every follow starts on new positions at 85 cents or less.
4. Run a paper copy bot. Turn on paper copying and the bot records every buy the trader makes, at the trader's own price, at your sizing. Each position is marked at the current price and scored when its market settles. After two weeks you have a record of what copying this wallet at your stake made. No account is needed and no money moves.
5. Place the copy yourself from the alert. The alert opens the market in the terminal with the trader attached. One order ticket shows the average fill, the limit sent, the fee, the total and the payout before you send. The order signs in your own browser-connected wallet. Rivo never holds the funds.

That is the Polymarket workflow: Rivo does the watching, the scoring and the record keeping, and you make the final call on every real order with the full context in front of you. Traders who want orders placed for them unattended run live bots on Kalshi through their own API key. The Kalshi copy trading bot page covers that setup.

What does a Polymarket copy alert contain?

An alert has to carry enough to act on without opening three other tabs. This is what arrives.

The same alerts land in the Alerts inbox, read like a trade list with side, price, action, market and amount. The alerts page walks through every setting.

How should you size a copy trade?

Two ways to size, and they suit different traders. Rivo offers both in the same editor, for paper and for live.

• Fixed stake. Every copy is the same dollar amount: $25, $100, $250 or any amount you type. Your results track the trader's hit rate and prices, and no single trade can hurt you more than another.
• Percentage of the source trade with a dollar cap. Each copy is a share of what the trader bet, up to a maximum you set. Your results track the trader's conviction: you bet more when they bet more.

Our rules for choosing:

• Start fixed. A fixed stake makes the paper record easy to read. Profit divided by stake is your return per trade.
• Move to a percentage only when the profile shows the wallet's bigger bets win more. The results by bet size section answers that in one look.
• Always set the cap. One outsized trade from the wallet should never become one outsized trade in your account.
• Check the real size first. The builder shows how many trades a week the wallet makes and its middle trade size, so a percentage is priced against what the wallet does.
• Size for the losing streak. A trader winning 55% of coin-flip bets loses six in a row a few times a year. Pick a stake where that streak is boring.

Why does entry price decide whether a copy makes money?

A copy is only as good as the price you get. The trader's edge is the gap between how often they win and the price they paid. Every cent you pay above their price comes straight out of that gap.

Take a wallet that wins 48% of the positions it opens at 40 cents. Here is what a $100 copy earns on average at each fill price.

Six cents of slippage turns a $20 edge into $4. Ten cents turns it into a loss. The trade was right and the copy still lost. So:

• Set a maximum entry price on the follow. Alerts above your ceiling never reach you.
• Read the ticket before you send. The order ticket walks the live book and shows your average fill. Compare it with the trader's price in the alert.
• Use a limit order when the book is thin. Rest your bid at the trader's price and let the market come back to you. Some will not fill. Those are the trades you were right to miss.
• Skip the chase. A market that has run eight points since the trader bought is a different trade.
• Stay out of near-certain prices. Above 85 cents the payout is too small to carry one wrong outcome.

One note on reading the paper record: a paper bot books each buy at the trader's price, so it shows what the trader made at your sizing. Your real fills land a little off that price. Use the paper record to choose the trader, and the ticket to protect the entry.

Three ways to copy a trader

Pick by how much of the work you want to keep.

Most traders run all three. Paper bots on a shortlist of wallets, alerts on the two or three that earn it, and a live bot on Kalshi for the trader whose record holds up. The Polymarket copy trading bots comparison sets Rivo beside other tools on custody, records, paper mode and fees.

What mistakes do copy traders make?

• Copying the biggest wallet. Profit ranks bankrolls. Return ranks skill you can follow at $100 a trade.
• Copying everything a wallet does. Use the category filter. A wallet's best kind of market shows on its profile as Best at.
• Copying adds as if they were new ideas. New positions only is the default for a reason.
• Judging on five trades. Two weeks on paper and 20 settled copies is the least we accept.
• Following too many wallets. Ten alerts an hour is noise. Three wallets you know well beat thirty you do not.
• Ignoring a quiet wallet. A bot that has matched nothing for three days sends you one message naming the trader who stopped trading. Replace them.

The longer walkthrough, with worked examples, is in how to copy trade Polymarket whales. The broader framework across venues is in the copy trading guide.

What does Rivo cost?

$9 a week or $15 a month. Both plans include the whole terminal: every wallet record, the leaderboards, follows and alerts, paper bots, the order ticket, the portfolio, the REST API and the MCP server. Rivo charges nothing per trade and takes no share of a win. Venue fees go to the venue, and the Polymarket fees guide lists them.

Frequently asked questions