Copy Trading Update - eToro - 07/May/2024

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  • Опубліковано 10 гру 2024

КОМЕНТАРІ • 101

  • @Aurasmae
    @Aurasmae 7 місяців тому +9

    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!

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Thanks :) that’s really kind of you to say.

    • @PeterUKTV
      @PeterUKTV 7 місяців тому +1

      What about vlog trip to Vatican :)

    • @SocialTrading
      @SocialTrading  7 місяців тому

      @@PeterUKTV I enjoyed that one :)

  • @stylofaxsystems8569
    @stylofaxsystems8569 7 місяців тому +7

    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 ,

  • @BTC_Jay_
    @BTC_Jay_ 7 місяців тому +3

    Amit is a legend. What a conviction on the oil play!

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Yeah, he really stayed in there eh... I wonder what he's thinking now. I'll go and check his feed.

  • @ZeeLover123
    @ZeeLover123 7 місяців тому +1

    Damn that’s actually crazy how quickly things can change! Hoping your month improves! Love the update 🙏🏼

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Thanks, yeah, it was a bit of a shocker when I logged in :)

  • @RampinRabit
    @RampinRabit 7 місяців тому +5

    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 ❤

    • @LindsayGrieveson
      @LindsayGrieveson 7 місяців тому +2

      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?

    • @SocialTrading
      @SocialTrading  7 місяців тому +3

      Glad you managed to balance it out!

    • @SocialTrading
      @SocialTrading  7 місяців тому +2

      Crazy sudden downturn... I really didn't see it coming at all. Just booooom, down over 10%.

  • @PeterUKTV
    @PeterUKTV 7 місяців тому +4

    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.

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Cheers Sir :) Kind of you to say.

    • @PeterUKTV
      @PeterUKTV 7 місяців тому

      @@SocialTrading Good luck!

  • @malourdesgernan
    @malourdesgernan 6 місяців тому +2

    Hi Tom, have you move house already, just looking at your channel and wondering if you have uploaded any videos yet? Or maybe you are still busy settling in? Thank you for all the good info. in your videos.

    • @SocialTrading
      @SocialTrading  6 місяців тому +1

      Hey there - I'm actually on the ferry on the way to Italy now. Packed up the whole house and it's safely (i hope) stored in a garage :) Cheers for asking!

  • @etorodaniel4397
    @etorodaniel4397 7 місяців тому +7

    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

    • @SocialTrading
      @SocialTrading  7 місяців тому

      It’s a really risky move as a PI… I see any hint of loss of control and my spidey senses start tingling.

  • @marekdabrowski5799
    @marekdabrowski5799 7 місяців тому +1

    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.

    • @SocialTrading
      @SocialTrading  6 місяців тому

      Thank you :) that’s really nice of you.

  • @andiknocht9206
    @andiknocht9206 7 місяців тому +3

    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...

    • @SocialTrading
      @SocialTrading  7 місяців тому

      I haven't no... Was yours better or worse than eToro was suggesting?

    • @andiknocht9206
      @andiknocht9206 7 місяців тому

      @@SocialTrading way worse. far exceeding currency losses, fees etc...

  • @graham5799
    @graham5799 7 місяців тому +2

    All the best. Enjoy your videos.

  • @rickyismyuncle4485
    @rickyismyuncle4485 4 місяці тому

    Good channel. The only channel that's not swarmed by bots trying to promote a potential scam. I've got one question.
    At which percentage do I set a stop loss to automaticaly end copy? What do you recommend in your experience as a copy trader?
    Wanna hear something funny? I have zero expierence in trading, absolutely none, infact I have not executed a single trade on my own in my entire life. However I'm able to read graphs to determine who is good to copy from. There is one thing I didnt calculate as a noobie... I entered a potential market crash apparantly. EVERYONE is losing this August so it appears... My luck again!

  • @GaetonLopez
    @GaetonLopez 7 місяців тому

    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?

  • @panzer1896
    @panzer1896 2 місяці тому +2

    Wow looking at this in September..he ended May up by 1% but something again happened in September as he is down by over 30% this month.

    • @SocialTrading
      @SocialTrading  2 місяці тому

      wow, i just checked - do you think that's accurate or a glitch in stats? That's quite something. Horrible situation if that's true.

    • @panzer1896
      @panzer1896 2 місяці тому

      There seem to be a lot of disgruntled comments so I’m guessing it’s right…sad situation🙁

  • @kyro1979
    @kyro1979 7 місяців тому +2

    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.

    • @SocialTrading
      @SocialTrading  7 місяців тому +1

      So few traders with that amount of statistical data on the site. That'd be great to see...

    • @kyro1979
      @kyro1979 6 місяців тому +1

      @@SocialTrading I'm no longer copying, but if I were I would only consider PIs with over 10 years backtrack and indices

    • @felixfallax
      @felixfallax 6 місяців тому +1

      Now you are talking! :)

  • @adamceschin8650
    @adamceschin8650 6 місяців тому +1

    Hello Thomas, I have a query that you may be able to help with. I have recently started copy trading, however there doesn’t seem to be an option to only copy future trades? I’ve seen elsewhere there is normally a box to tick/untick when you’re entering how much £ to copy with, however I don’t seem to have that option? Any suggestions?

    • @SocialTrading
      @SocialTrading  6 місяців тому +1

      Hey there - they got rid of that option a few months ago. Now it always copies all of their open trades…

    • @adamceschin8650
      @adamceschin8650 6 місяців тому +1

      @@SocialTrading Thank you for clarifying! Atleast I know I’m not going mad, much appreciated. FYI your videos are very informative and helpful 👌

    • @SocialTrading
      @SocialTrading  6 місяців тому

      Thanks a lot :)

  • @azeriainvestments5540
    @azeriainvestments5540 7 місяців тому +2

    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

    • @SocialTrading
      @SocialTrading  7 місяців тому

      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...)

  • @epicscoreCS2
    @epicscoreCS2 7 місяців тому

    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.

  • @simonibanez7808
    @simonibanez7808 7 місяців тому +1

    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 !

    • @SocialTrading
      @SocialTrading  6 місяців тому +1

      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.

  • @IS.One.Multiverse
    @IS.One.Multiverse 5 місяців тому

    I love the way you look 👀 and your smile too.

  • @jonybe5854
    @jonybe5854 6 місяців тому

    Hi when you make new videos about etoro?

    • @SocialTrading
      @SocialTrading  5 місяців тому +1

      I'll make one soon - thank you for asking :)

    • @jonybe5854
      @jonybe5854 5 місяців тому

      @@SocialTrading i'm investing there and i see your videos.

  • @ruby2411
    @ruby2411 7 місяців тому +1

    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.

    • @SocialTrading
      @SocialTrading  7 місяців тому

      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...

  • @GbotexLatex
    @GbotexLatex 7 місяців тому +2

    Hi Tom
    I've always been curious,is that a green screen behind you or your actual house😅,I can't really tell.

    • @SocialTrading
      @SocialTrading  7 місяців тому +1

      Actual house :) really, it looks like a green screen? Hehehe

  • @deankirkley518
    @deankirkley518 7 місяців тому +1

    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

    • @johnnyfortycoats2219
      @johnnyfortycoats2219 7 місяців тому

      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.

    • @SocialTrading
      @SocialTrading  7 місяців тому +3

      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.

    • @deankirkley518
      @deankirkley518 6 місяців тому

      @@SocialTrading that makes a lot of sense, thank you very much for clarifying :)

  • @BecauseJapan
    @BecauseJapan 5 місяців тому

    For what it's worth, I'd love to see some travel videos about Malta from you, came here for the investment topic but stay for your presenting style.

    • @SocialTrading
      @SocialTrading  5 місяців тому +1

      Thanks a lot :) I’m currently
      In italy trying to film the local street dogs for a short… I’m back learning about cameras and dynamic range and things. Really interesting. Really appreciate your comment :)

  • @slam710711
    @slam710711 7 місяців тому +1

    Why not run a secons channel?

    • @SocialTrading
      @SocialTrading  7 місяців тому +1

      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.

    • @SocialTrading
      @SocialTrading  7 місяців тому +1

      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 :)

  • @PeterUKTV
    @PeterUKTV 7 місяців тому

    Are you moving out of Malta or just different house same country?

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Just a different house. My parents are coming to love with me and they can't use stairs any more. Gotta go!

  • @oldmalo7
    @oldmalo7 6 місяців тому +1

    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 🙏

    • @SocialTrading
      @SocialTrading  6 місяців тому

      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)

  • @jasonmh7345
    @jasonmh7345 7 місяців тому

    You ok that Thomas added funds on the last day of April?

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Oh no, did he? I missed that... I'll go and check.

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Are you sure it was the last day of the month? Did he add 39% on the last day of April?

    • @jasonmh7345
      @jasonmh7345 7 місяців тому

      Yes I asked him in the chat. He confirmed

    • @jasonmh7345
      @jasonmh7345 7 місяців тому +1

      Look at the chat, I warned him about doing it on the last day, but he did it and confirmed

    • @sudanesearchiveii1290
      @sudanesearchiveii1290 7 місяців тому

      yes he did,

  • @jonnymalkinson682
    @jonnymalkinson682 7 місяців тому +1

    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.

    • @felixfallax
      @felixfallax 6 місяців тому +1

      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! :)

  • @daveharley4302
    @daveharley4302 7 місяців тому +1

    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.

    • @SocialTrading
      @SocialTrading  7 місяців тому +1

      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.

    • @daveharley4302
      @daveharley4302 7 місяців тому

      @@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.

    • @daveharley4302
      @daveharley4302 6 місяців тому

      @@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

  • @trsmaulana4940
    @trsmaulana4940 6 місяців тому

    Saldo my account lost😢, and i'm not understand, pliss help me

  • @dels-life
    @dels-life 7 місяців тому +1

    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 )

    • @SocialTrading
      @SocialTrading  7 місяців тому

      Yeah, I think people really value transparency in people they're copying.

  • @angevin-capital
    @angevin-capital 6 місяців тому

    Hey Tom, a shame you're feeling a bit disenfranchised with Etoro! Pinged you a mail, have a look if you're interested in changing things up a bit!

  • @denijane89
    @denijane89 7 місяців тому

    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.

    • @SocialTrading
      @SocialTrading  7 місяців тому

      I just want some who stay stable! :)

    • @denijane89
      @denijane89 7 місяців тому +1

      @@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.

  • @trsmaulana4940
    @trsmaulana4940 6 місяців тому

    Hai tomas sorry my account etoro has problem

    • @SocialTrading
      @SocialTrading  6 місяців тому

      Hey there - bets to get in touch with eToro directly. Hope you manage to workout your issue.

  • @dels-life
    @dels-life 7 місяців тому

    Don't believe anything people say, only what they actually DO.

  • @Natlim55
    @Natlim55 2 місяці тому +1

    Just copy someone without FX trade. 99% of FX traders failed at the end of the day.

    • @SocialTrading
      @SocialTrading  2 місяці тому

      There was a time where I tried to only copy fx traders as I thought they’d be able to react faster - not being biased to trading in any given direction. It’s incredible how they all fell like dominoes.

  • @natk90
    @natk90 6 місяців тому +1

    He did this on axi and then blew his account lol

    • @SocialTrading
      @SocialTrading  6 місяців тому

      It'd be so useful to have had that info somehow.

  • @epicscoreCS2
    @epicscoreCS2 7 місяців тому

    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.

  • @billwalton4571
    @billwalton4571 7 місяців тому

    I can trade way better than these popular etoro individuals. But I would probably get flagged for trading nothing but volatile stocks.