Copy Trading Update - eToro - 07/May/2024
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- Опубликовано: 6 май 2024
- Here's my profile on Etoro: etoro.tw/2rcYYm0
THE TRADERS IN MY eToro PORTFOLIO: (Affiliate Links)
Melvyn Moncuit (Mixed Assets): etoro.tw/3ZlaQ6e
Fund Manager Zech (Mixed Assets) : etoro.tw/3RKrH1t
AmitKup (Energy Sector / Fossil Fuels) : etoro.tw/3TzaBUT
ThomasJP (Stocks/Equities) : etoro.tw/3WxYut2
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All trading involves risk. Only risk capital you’re prepared to lose.Past performance is not an indication of future results. This content is for educational / entertainment purposes only and is not investment advice.
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The video:
Another trader's gone from the portfolio! This time it was my Copy Stop Loss which made the decision for me and stopped the copy.
What a week!
Thanks for watching!
I've been making some tutorials, which can be found here:
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Развлечения
If you started doing sightseeing Vlogs around Malta, or even a food and drink channel - I'd surely watch it! I love seeing you talk to the camera. I'll never forget the jellyfish incident from years ago, it was such a random story from a trading channel!
Thanks :) that’s really kind of you to say.
What about vlog trip to Vatican :)
@@PeterBalkusTV I enjoyed that one :)
HI Thomas, you are the legend, , Dont stop making these vidoes please!! i started trading because of watching you. Im doing great and is so easy, there is so much to discuss and hopefully we will speak soon. got lots of ideas that you should consider, Im a software developer and pattern engineer.. I wish i watched your video a few year back . Etoto Marios Onoufriou ,
Glad it's going well :)
I'm done with copy trading. I copied swiss, kresimir and celesh with $200 each ($600).
I traded myself with $150 in the same timeframe I was copying them and made more profit than all 3 of them put together in less time.
Hope your move goes smoothly. All the best ❤
Almost the exact same situation here!
I lost so much almost overnight copying Swiss and Celesh and they just seem to have lost the plot almost overnight and refuse to address it.
I trade Forex myself and I've covered the losses but I just think what on earth are they doing, what is going on?
Glad you managed to balance it out!
Crazy sudden downturn... I really didn't see it coming at all. Just booooom, down over 10%.
Amit is a legend. What a conviction on the oil play!
Yeah, he really stayed in there eh... I wonder what he's thinking now. I'll go and check his feed.
Hi Thomas I think it is a good idea to make videos about your other interests and about the place you live. As many people watch you for your personality more than just for trading. People got to know you better by now and would love to see more of your life. Also Malta is a beautiful place to film too. You can take advantage of tge fact you live in this interesting place.
Cheers Sir :) Kind of you to say.
@@SocialTrading Good luck!
Damn that’s actually crazy how quickly things can change! Hoping your month improves! Love the update 🙏🏼
Thanks, yeah, it was a bit of a shocker when I logged in :)
The “every month is green” traders are the real risk, be careful. Often they risk a bit and double down until they are in the green. At some point the market turns when they have doubled down lots and thats when you get the large losses
It's a good point... I only know of 2 who had always been green... Swissway had a few reds, but nothing like this. (unless they were and he rebounded using risky strategies...)
you have a kind aura on you ... i don't know ... just feels like you are genuinely a good person ... even though i'm not religious ... god bless you too.
Thank you :) that’s really nice of you.
All the best. Enjoy your videos.
Thank you :)
He was down around 10-15% at one point last year as well but he chased losses and it rebounded to around 6% loss, so wasnt too shocking. But sad he's doing the same thing again as an elite
It’s a really risky move as a PI… I see any hint of loss of control and my spidey senses start tingling.
have you ever calculated your profit/loss manually? etoro calculates it in a really strange way... if i add all the dollar up that i payed in and compare it to the total value of the portfolio, i have quite a different number...
I haven't no... Was yours better or worse than eToro was suggesting?
@@SocialTrading way worse. far exceeding currency losses, fees etc...
At 14:12 you showed us your statistics of copy trading. It seems doesn’t go well, do you still think that copy trading is a profitable way to make passive income, or just a losing game?
Thankyou so much for the update. Hope your move goes well. I had Swisway on my watch list before but never actually copied him. I was looking forward to copytrading forex, but it seems there had not been much profit, more loss. Have you ever manually stopped copy trading an asset that is in one of your copy trader portfolio? I am curious. I manually stopped copying some of the individual assets before as I didn’t want to trade certain ones that was consistently on a loss.
Hey there - thanks. I have, in the distant past, manually stopped copying certain assets, but then I felt that if i was doing that, it meant i'd have to constantly monitor what they were trading, which would defeat the purpose of copy trading for me... So I stopped and decided to either not copy them or copy them and trust their portfolio as a whole. Having said that, maybe now, the auto-rebalancing system would just open the trade again automatically...
Hi, I had a question based on one of your previous videos. It may be a stupid question as i may just be misunderstanding but I was hoping for clarification. In a previous video you were looking at the stats page and explaining the profits/losses compounded. You said the figure displayed for the year is not just the months added up, so what is that number made up from? If I had 2 green months, say 2% each month, then a month of red at 2%, am I down overall or still up 2%? Sorry i'm a bit confused by it thanks
If I understood correctly, each monthly bar is the percentage compared to the closing balance of the previous month.
If you started with $1,000 on Jan 1st, and ended at $900 on Jan 31st, that is a 10% loss.
If it's up 5% by the end of Feb, the balance is $945 (900*1.05)
If it's up another 5% by end of Mar, the balance is $992.25 (945*1.05)
So even though you lost ten percent, then made back five percent and five percent, you're still down. It would be a mistake to add up the green numbers 5+5 and say that is equal to the red 10.
So let's say you start with $100.
Month 1 - you make 2% - that's $2
You now start month 2 with $102.
Month 2, you make 2% - that's $2.04 (as you're now making 2% of $102, as it includes your profits from month 1)
You now start month 3 with $104.04
Month 3, you lose 2% - so you're losing 2% of $104.04 - that's $2.0808.
You start month 4 with $101.9592
You're still in profit :) But you get the point. Each month you're making or losing the percentage on the result of everything that came before.
@@SocialTrading that makes a lot of sense, thank you very much for clarifying :)
Hi Thomas, thanks for replying last time to me, a newbie about stop losses. Thanks set my nerves at ease. Just wondering have you done a video on commodoties and why you don't talk about them more ❓❓ I thought I set a stop loss on one but when I clicked trade the stop loss seemed to jump instantaneously down (without my consent(.
Did I imagine this, I get it that they are leveraged but if you set a stop loss before clicking trade shouldn't it stay at the stop loss. If you cld guide me to a video or do one some day on commodoties I'd appreciate. Thanks again for doing all these well explained vids and am much the wiser for it.
You are my favourite e torro, channel as you have the welfare of others at heart 🙏
Thanks a lot :) I don't trade anything manually, so I don't tend to make vids about specific asset classes... So are you saying that you set a SL of say 10%, but when you opened the trade it jumped to a 50% stop loss? (for example)
Volatility is not risk, premenent loss of capital is.
Dont make decisions based on volatility, it can be cheaper to copy after a volatility spike and you might end up with better returns: so high volatility might be a better chance to start copying.
Hi Tom
I've always been curious,is that a green screen behind you or your actual house😅,I can't really tell.
Actual house :) really, it looks like a green screen? Hehehe
There is no way to evaluate a PI on their performance over 2-3 years. I would start considering reliability with a 10+ year history, although statistically we would need 30 years. If I'd copy someone, it would be based on the soundness of the strategy, and based on evidence/research. Any other choice is gambling.
So few traders with that amount of statistical data on the site. That'd be great to see...
@@SocialTrading I'm no longer copying, but if I were I would only consider PIs with over 10 years backtrack and indices
Now you are talking! :)
Are you moving out of Malta or just different house same country?
Just a different house. My parents are coming to love with me and they can't use stairs any more. Gotta go!
Hello, I really want to invest with Coñy Trading for long term but I have one last question, I make an investment of 1000 dollars and put a CSL of 30 of the value (700), at the end of the year we make a profit of 20%, now the investment is worth 1200, the CSL is still calculated about 1000 or it adjust now about 1200? Or how does this part works when we talk about gains !
As far as I'm aware, it sticks to the original amount in terms of dollars which i wanted to risk. If the copy goes up in value then, I should notice that my CSL percentage seems to be getting smaller and smaller as time goes on, as that same amount of money becomes a smaller and smaller percentage of the amount I'm now copying the PI with. Remember, I'll now be copying that PI with my original investment plus the profits they've made for me.
Also, if you put a CSL of 30%, that means you're risking 70% of your money. The CSL % that you set represent how much of your money you DON'T want to risk. It's confusingly set - I'm not sure why.
You ok that Thomas added funds on the last day of April?
Oh no, did he? I missed that... I'll go and check.
Are you sure it was the last day of the month? Did he add 39% on the last day of April?
Yes I asked him in the chat. He confirmed
Look at the chat, I warned him about doing it on the last day, but he did it and confirmed
yes he did,
That’s the problem with forex trading it’s so volatile. I’ve been watching both your guys for a while now and Kresimire seems to hold with his beliefs where as Swiss way will cut the trades off and take quite big losses. Just don’t think you can have a tight stop loss on these type of traders it will always trigger at some point down to the leverage and volatility.
I can understand it drawing down a bit more slowly though, but this was a few days - it was a real shocker of a discipline-lapse.
@@SocialTrading I think he opened multiple trades in different pairs and they pretty much all went wrong. So he cut them off and took the losses. If you have a look at his history you can see the trades he closed.
@@SocialTrading hiya pal have etoro changed the way you buy stocks? Before you could just put an amount in say £50. Don’t seem to be able to do that anymore
Why not run a secons channel?
Honestly, I've tried it, and basically I seem to only be able to focus on one set of ideas at a time... We'll see what happens, but I've seen how I've been before, and to grow something really means putting all my focus on it. I don't know... We'll see how it all unfolds.
cheers though - it's a good idea, and I've seen someone do it well before. Just aware how much 'other stuff' there is to talk about too :)
It's not only that Swiss Way took risk. He states in his bio (3 times) that he trades currencies only! He's then traded crypto and gold in a reckless attempt to recoup his previous losses. This backfired! He needs reporting to eToro, it's terrible behaviour.
Interesting to hear this, I knew about the BTC but not the Gold gambling. If only someone was creating content that alerted eToro to such scummy, gambly, underhanded activities and that eToro staff engaged with it...oh, wait, they do! :)
Grid trading can work, generally good in a bull market, but most try it without diversifying to spread any loss. I suspect he was just working in a few currency pairs and doubling down the losses. Still, that is the risk of copy trading and why there is a stop loss. Will say comment deleting is a big red flag, good traders accept and learn from mistakes not try and ignore or hide. I've made loads of mistakes but learned from every event, I hope I have anyway )
Yeah, I think people really value transparency in people they're copying.
Nah, they never stay risk-averse for too long. I am surprised my copy with him survived, but this is why I always take money out of my copy trades when i see they make about 10%. I kind of feel safer like this. Tough I'm not a good measure for anything since my portfolio is on -1500$ because of the stupid EU indices I shorted. Oh well.
P.S. SwissWay seems to be going in Antonio's direction with 6 open positions. I don't like that at all.
I just want some who stay stable! :)
@@SocialTrading Me too, so far etoro has brought me mostly losses and a huge hit on my ego (from my own trading and some weird choices for copy trades). So yeah, if you find someone stable, please let us know.
Don't believe anything people say, only what they actually DO.
He did this on axi and then blew his account lol
It'd be so useful to have had that info somehow.
I can trade way better than these popular etoro individuals. But I would probably get flagged for trading nothing but volatile stocks.
what do you expect your copying traders not investors, they will allways fall behind spx500 as when they lose money they lose alott and takes years to recover.