# Copy Traders on Tokenized Stocks

> Copy Hyperliquid traders on stock, index and commodity perps — the HIP-3 markets deployed by xyz — on a unified Hyperliquid account, with your leader's stop loss and take profit copied.

Through HIP-3, Hyperliquid lists perpetual contracts deployed by other teams. The **xyz** markets follow stocks, indices and commodities. They track a price: you hold no share and receive no dividend.

## Which Markets Are Copied?

| Market | Copied |
| --- | --- |
| Hyperliquid's main perp market (crypto) | ✓ |
| xyz HIP-3 markets: stocks, indices, commodities | ✓, on a unified account |
| Other HIP-3 markets | ✕, shown as *Not copied* on the leader's page |

## What Do I Need?

- **A unified Hyperliquid account.** xyz markets share your account's margin. Click **Switch to Unified** on your dashboard (WakeTrades switches it, no signature) or turn it on in your Hyperliquid settings; without it, xyz trades are skipped at Advanced, and every new copy is on hold at Prudent, Balanced and Risky. The bot tells you why.
- **Cross margin.** Every exposure level copies every xyz market, in cross margin. See [The Four Exposure Levels](https://waketrades.com/docs/leaders/risk-levels.md#markets).

## How Do I Find Traders on These Markets?

A leader's page lists their open positions with the market of each one, xyz markets included. See [Read a Leader's Page](https://waketrades.com/docs/leaders/leader-page.md).

> [!NOTE]
> Stock perps can move sharply around earnings and market opens. Your leader's stop loss is copied the same way; WakeTrades adds no stop of its own, unless you set yours at Advanced.