Risks

• Leverage. 1000x means a 0.05% move liquidates you. Copying a leader does not reduce that; it only decides when you enter.
• Latency. Your fill is always later than the leader's. The gap is where copy strategies die.
• Queue. If Papertrade's LP is short, your profit waits in a queue with no deadline.
• Protocol. Papertrade reads prices from Hyperliquid's order book with no manipulation breaker, and its contracts are upgradeable by its owner. Those are their risks, inherited here.
• This service. The worker is software that can go down, lag or have bugs. Session keys limit the damage to your trading balance, never to withdrawals.
• Token. PSTRAT is a new token with taxed trading and a locked but finite liquidity position. It can go to zero.

Nothing here is financial advice. Use paper mode first.