I see no problem with this, over a period of time people who actually can show to represent there Copyers the best will keep them long tearm, while people that over levrage and ruin there reputation will lose face.
@@PrettyPennyClub He's saying it's a meritocratic system because the trading histories of popular traders are openly available, allowing the truly most successful traders to be recognized as such. If someone is getting results and their activity is transparent, I don't see why they shouldn't be allowed to manage a fund on behalf of willing investors. Im sure many people, particularly those new to trading, would be separated from their money much more quickly attempting to trade on their own rather than copy trade.
@@numbynumb Fine, and the poor folks who jumped on with less accomplished folks will be slaughtered. You have missed my point tho, the issue isn't with trading or copying people as such, it's the fact etoro push it so hard, despite the stats that around 80% will lose money. So, full in the knowledge that etoro make money per trade, copy trading is promoted with only winning accounts at that time being pushed... there will forever be a stream of hopefuls looking to make money when etoro know fine well they are coming out on top over the long term. Another video incoming perhaps. In terms of this: "If someone is getting results and their activity is transparent, I don't see why they shouldn't be allowed to manage a fund on behalf of willing investors" - there are good reasons why this industry is regulated, and this isn't.
@@PrettyPennyClub It seems that our politics differ in terms of the degree of nannying that we think the state should be engaging in wrt trading or perhaps, more fundamentally, as to what the role of government ought to be. I mean, why not ban any speculative activities in which the majority of participants lose money? Personally, I think adults have the right to choose how to invest and with whom. What you're not addressing here is that the people engaging in copy trading on these platforms have the opportunity to make an informed decision when choosing a trader to copy because relevant data is provided. Making these traders visible and this data available is a service these exchange platforms are selling. The market will decide whether there's value in their offerings. I don't see why you feel something's afoul with that. Yes, people are basing their decision on the recent relative success of the traders they're copying but what criteria do you think is a better indicator of probable near future success? Institutional credentials? You're misrepresenting the relevance of this 80% figure in terms of loss ratio among retails traders. 80% of retail investors lose money, in general. You're presenting it as though it's copy trading, specifically, that's responsible for causing this unfavourable profit/loss ratio among retail traderss. I'd be willing to bet that, if studied properly, copy trading, on average, helps retailer traders to manage risk and produces a more favourable number than 80% in losses for those who make use of it.
@@PrettyPennyClub It seems that our politics differ in terms of the degree of nannying that we think the state should be engaging in wrt trading or perhaps, more fundamentally, as to what the role of government ought to be. I mean, why not ban any speculative activities in which the majority of participants lose money? Personally, I think adults have the right to choose how to invest and with whom. What you're not addressing here is that the people engaging in copy trading on these platforms have the opportunity to make an informed decision when choosing a trader to copy because relevant data is provided. Making these traders visible and this data available is a service these exchange platforms are selling. The market will decide whether there's value in their offerings. I don't see why you feel something's afoul with that. Yes, people are basing their decision on the recent relative success of the traders they're copying but what criteria do you think is a better indicator of probable near future success? Institutional credentials? You're misrepresenting the relevance of this 80% figure in terms of loss ratio among retails investors. 80% of retail traders lose money, in general. You're making it seem like that's caused by copy trading, specifically. I'd be willing to bet that it's more likely that copy trading _helps_ mitigate these losses on average but I don't know of any data that speaks to that directly.
Great video as ever, my friend. Sound advice and very informative. I delved into Etoro Copy Trading a few months back but decided not to actively pursue it long term. You opened my eyes to quite a few things...thanks 😊
You just gotta do some research in who you're copying. I only copy people with a risk score of 3 or lower. More green than red months throughout their years and the lows are within reason compared to their profitable months, percentage wise. Also check if they were profitable in 2022. A bad year for most popular investors. It usually means the persons knows how to handle a shift in the market.
@@PrettyPennyClub True, the marketing make it looks like you don't need to know anything about it. But you can still know what you're doing and understand what someone is doing while not having the time to do it yourself
Dave, your channel is one of my favourites. So you are not included in my opinion. This copy trading is absolutely wild, even seasoned 'professionals' were down an unbelievable amount in 2022, and they marketed themselves through youtube in 2020 and 2021 when EVERYONE was making money. It's been a disaster. Keep making your videos, I think they are wonderful!
Yeah, and etoro won't be promoting those same guys now thats for sure. Someone else who is enjoy an good streak will be front and centre. Thanks for watching 👍
Depends what you are looking for here. Here in the UK there are better options with lower fees and ISA offerings which will keep more of your money in your own pocket with no platform costs and tax advantages. Take a look at Trading 212 or InvestEngine. Some links in the description
I tend to agree with you. On the face of it, it looks a good idea, but then you think about the implications of the control you hand over... wild really. Thanks for watching
I've done copy traiding with etoro 10 years ago in Italy. I invested (gambled) some euros to copy a popular trader. No idea what I was doing. Lost 50% in a few weeks. This was my first financial trauma that kept me away from investing for a decade. I'll never forgive eToro😅
It's not the copying necessarily that irritates me. It's the fact etoro know most will lost money trading and push it so hard anyway. Human nature plays it's part. Thanks for watching
Dear David, grow a jawline. You don't have to daddy people that are too dumb to think. It's okey for a brokerage to make money. People are allowed to have access to profitable investors without signing up for a 10K minimum investment fund that ratio's your ass. Thank you for exposing this non-issue in people's lives.
@@PrettyPennyClub Here's what I said, in response to your comment in the other thread: It seems that our politics differ in terms of the degree of nannying that we think the state should be engaging in wrt trading or perhaps, more fundamentally, as to what the role of government ought to be. I mean, why not ban any speculative activities in which the majority of participants lose money? Personally, I think adults have the right to choose how to invest and with whom. What you're not addressing here is that the people engaging in copy trading on these platforms have the opportunity to make an informed decision when choosing a trader to copy because relevant data is provided. Making these traders visible and this data available is a service these exchange platforms are selling. The market will decide whether there's value in their offerings. I don't see why you feel something's afoul with that. Yes, people are basing their decision on the recent relative success of the traders they're copying but what criteria do you think is a better indicator of probable near future success? Institutional credentials? You're misrepresenting the relevance of this 80% figure in terms of loss ratio among retails investors. 80% of retail investors lose money in general. You're making it seem like that's a problem that’s caused by copy trading, specifically. I’d be willing to bet that copy trading improves that number in favour of retail traders, on average.
@@PrettyPennyClub I am being promoted by eToro, and I'm here for the long haul. I'm not just a quick hit. My goal is to offer a cool, different way for folks to invest their money, moving away from the usual ETF or high touch investing. It's definitely a world where Popular Investors come and go. But hang in there, and you'll see some of us stick around and prove our worth over time. Let's see how it goes!
@@PrettyPennyClub I take this to mean that some highly skilled traders will shine through. They will shine through the fees. The other side of the argument is that, if copy traders can consistently make net profits over time, then it's a win/win/win for the copyer, the copyee, and the exchange. Hard to argue with that. The fees the exchange extracts offer a value proposition one is free to either accept or reject. The open access to the real time trading action of highly skilled traders must be worth the cost to many copy traders if they continue to use the platform. No doubt many also take the opportunity to learn through direct observation of a more experienced trader.
Well some of them have better performance than cathy woods and bernie maddoff... Thats how the market has worked since the beginning.. all brokers works the same.. etoro bussiness model for me is even better than robinhood who is going to sell your trades to big firms
Bernie Madoff! Lol. That's a leap 🙂 So many people missing the point on this video. I'll have to do another one. To address your point nobody was complaining about Wood when she was flying and there are certainly cheaper platforms to invest in.
I see no problem with this, over a period of time people who actually can show to represent there Copyers the best will keep them long tearm, while people that over levrage and ruin there reputation will lose face.
Not sure I understand the point you are making, but thanks for watching!
@@PrettyPennyClub He's saying it's a meritocratic system because the trading histories of popular traders are openly available, allowing the truly most successful traders to be recognized as such. If someone is getting results and their activity is transparent, I don't see why they shouldn't be allowed to manage a fund on behalf of willing investors. Im sure many people, particularly those new to trading, would be separated from their money much more quickly attempting to trade on their own rather than copy trade.
@@numbynumb Fine, and the poor folks who jumped on with less accomplished folks will be slaughtered. You have missed my point tho, the issue isn't with trading or copying people as such, it's the fact etoro push it so hard, despite the stats that around 80% will lose money. So, full in the knowledge that etoro make money per trade, copy trading is promoted with only winning accounts at that time being pushed... there will forever be a stream of hopefuls looking to make money when etoro know fine well they are coming out on top over the long term. Another video incoming perhaps.
In terms of this: "If someone is getting results and their activity is transparent, I don't see why they shouldn't be allowed to manage a fund on behalf of willing investors" - there are good reasons why this industry is regulated, and this isn't.
@@PrettyPennyClub It seems that our politics differ in terms of the degree of nannying that we think the state should be engaging in wrt trading or perhaps, more fundamentally, as to what the role of government ought to be. I mean, why not ban any speculative activities in which the majority of participants lose money? Personally, I think adults have the right to choose how to invest and with whom.
What you're not addressing here is that the people engaging in copy trading on these platforms have the opportunity to make an informed decision when choosing a trader to copy because relevant data is provided. Making these traders visible and this data available is a service these exchange platforms are selling. The market will decide whether there's value in their offerings. I don't see why you feel something's afoul with that. Yes, people are basing their decision on the recent relative success of the traders they're copying but what criteria do you think is a better indicator of probable near future success? Institutional credentials?
You're misrepresenting the relevance of this 80% figure in terms of loss ratio among retails traders. 80% of retail investors lose money, in general. You're presenting it as though it's copy trading, specifically, that's responsible for causing this unfavourable profit/loss ratio among retail traderss. I'd be willing to bet that, if studied properly, copy trading, on average, helps retailer traders to manage risk and produces a more favourable number than 80% in losses for those who make use of it.
@@PrettyPennyClub It seems that our politics differ in terms of the degree of nannying that we think the state should be engaging in wrt trading or perhaps, more fundamentally, as to what the role of government ought to be. I mean, why not ban any speculative activities in which the majority of participants lose money? Personally, I think adults have the right to choose how to invest and with whom.
What you're not addressing here is that the people engaging in copy trading on these platforms have the opportunity to make an informed decision when choosing a trader to copy because relevant data is provided. Making these traders visible and this data available is a service these exchange platforms are selling. The market will decide whether there's value in their offerings. I don't see why you feel something's afoul with that. Yes, people are basing their decision on the recent relative success of the traders they're copying but what criteria do you think is a better indicator of probable near future success? Institutional credentials?
You're misrepresenting the relevance of this 80% figure in terms of loss ratio among retails investors. 80% of retail traders lose money, in general. You're making it seem like that's caused by copy trading, specifically. I'd be willing to bet that it's more likely that copy trading _helps_ mitigate these losses on average but I don't know of any data that speaks to that directly.
Great video as ever, my friend. Sound advice and very informative. I delved into Etoro Copy Trading a few months back but decided not to actively pursue it long term. You opened my eyes to quite a few things...thanks 😊
Thanks, pal. It's just not a product I like from top to bottom. All the best!
You just gotta do some research in who you're copying. I only copy people with a risk score of 3 or lower. More green than red months throughout their years and the lows are within reason compared to their profitable months, percentage wise. Also check if they were profitable in 2022. A bad year for most popular investors. It usually means the persons knows how to handle a shift in the market.
I think if you have enough understanding about who to copy then you don't need to copy anyone. Bit of a paradox that one
@@PrettyPennyClub True, the marketing make it looks like you don't need to know anything about it. But you can still know what you're doing and understand what someone is doing while not having the time to do it yourself
Dave, your channel is one of my favourites. So you are not included in my opinion. This copy trading is absolutely wild, even seasoned 'professionals' were down an unbelievable amount in 2022, and they marketed themselves through youtube in 2020 and 2021 when EVERYONE was making money.
It's been a disaster.
Keep making your videos, I think they are wonderful!
Yeah, and etoro won't be promoting those same guys now thats for sure. Someone else who is enjoy an good streak will be front and centre. Thanks for watching 👍
Great video! Couldn’t agree more!! Doesn’t feel like like the scheme ensures all customers are treated fairly!
Treated equally? How so?
Is etoro a good website for long term investment? Like 5 year portfolio with NASDAQ for eg? Thanks
Depends what you are looking for here. Here in the UK there are better options with lower fees and ISA offerings which will keep more of your money in your own pocket with no platform costs and tax advantages. Take a look at Trading 212 or InvestEngine. Some links in the description
I always thought Copy Trader was an incredibly dangerous product. I can't believe it's allowed in the UK.
I tend to agree with you. On the face of it, it looks a good idea, but then you think about the implications of the control you hand over... wild really. Thanks for watching
It's obvious that this is extremely dangerous. Etoro must be having power lobby at the FCA.
this is noce video but what is your suggestion what is alternative of Etoro copy trading?? suggest atleast 5 please.
What are your first thoughts on it?
your trading tactic works well, thank you for showing it
I don't trade
I’m pleased I’m not the only one who thinks copy trading is really bad. I’m surprised the FCA hasn’t done anything about this.
Hey Brum... yeah, might ask them about it 😀
I've done copy traiding with etoro 10 years ago in Italy. I invested (gambled) some euros to copy a popular trader. No idea what I was doing. Lost 50% in a few weeks. This was my first financial trauma that kept me away from investing for a decade. I'll never forgive eToro😅
It's not the copying necessarily that irritates me. It's the fact etoro know most will lost money trading and push it so hard anyway. Human nature plays it's part. Thanks for watching
You didn't watch your account daily?
This is called business. WHERE YOU FROM
Dear David, grow a jawline. You don't have to daddy people that are too dumb to think. It's okey for a brokerage to make money. People are allowed to have access to profitable investors without signing up for a 10K minimum investment fund that ratio's your ass. Thank you for exposing this non-issue in people's lives.
You're welcome.
Thanks for watching, but I wonder have you missed the point.
Quality insults, tho 😁
Good Warning there, I would never do. It's better to blame yourself . hopefully, that will never happen.
Long term buy and hold quality index fund for me. No hassles!
I responded to your comment but it seems like youtube's not allowing it to be seen. It's relevant so please try to unflag it.
Nothing here, pal.
@@PrettyPennyClub Here's what I said, in response to your comment in the other thread:
It seems that our politics differ in terms of the degree of nannying that we think the state should be engaging in wrt trading or perhaps, more fundamentally, as to what the role of government ought to be. I mean, why not ban any speculative activities in which the majority of participants lose money? Personally, I think adults have the right to choose how to invest and with whom.
What you're not addressing here is that the people engaging in copy trading on these platforms have the opportunity to make an informed decision when choosing a trader to copy because relevant data is provided. Making these traders visible and this data available is a service these exchange platforms are selling. The market will decide whether there's value in their offerings. I don't see why you feel something's afoul with that. Yes, people are basing their decision on the recent relative success of the traders they're copying but what criteria do you think is a better indicator of probable near future success? Institutional credentials?
You're misrepresenting the relevance of this 80% figure in terms of loss ratio among retails investors. 80% of retail investors lose money in general. You're making it seem like that's a problem that’s caused by copy trading, specifically. I’d be willing to bet that copy trading improves that number in favour of retail traders, on average.
Feel the need to defend some ideals of eToro.
It will take some time, but i believe over a long enough period, some will shine through
What do you think will shine through? And what is it shining through?
@@PrettyPennyClub I am being promoted by eToro, and I'm here for the long haul.
I'm not just a quick hit. My goal is to offer a cool, different way for folks to invest their money, moving away from the usual ETF or high touch investing.
It's definitely a world where Popular Investors come and go. But hang in there, and you'll see some of us stick around and prove our worth over time. Let's see how it goes!
@@PrettyPennyClub I take this to mean that some highly skilled traders will shine through. They will shine through the fees. The other side of the argument is that, if copy traders can consistently make net profits over time, then it's a win/win/win for the copyer, the copyee, and the exchange. Hard to argue with that. The fees the exchange extracts offer a value proposition one is free to either accept or reject. The open access to the real time trading action of highly skilled traders must be worth the cost to many copy traders if they continue to use the platform. No doubt many also take the opportunity to learn through direct observation of a more experienced trader.
All companies in all industries all follow the money .. fees and charges, commission , affiliates etc etc
You like etoro? Not sure of the point you are making
Well some of them have better performance than cathy woods and bernie maddoff... Thats how the market has worked since the beginning.. all brokers works the same.. etoro bussiness model for me is even better than robinhood who is going to sell your trades to big firms
Bernie Madoff! Lol. That's a leap 🙂
So many people missing the point on this video. I'll have to do another one.
To address your point nobody was complaining about Wood when she was flying and there are certainly cheaper platforms to invest in.
I wish to make money on trading too Where should I start?🎇
Well I wouldn't be trading for one thing. Long term investing is the game as far as I'm concerned
It is a win win situation for everyone! etoro, copiers and investor! I don’t see the problem!
You must be a popular investor or the CEO of etoro
@@PrettyPennyClub I am a copier, and i am happy that i win 3-5% per month without doing any effort!
3-5% a month will be very hard to maintain. All the best to you
It seems Im blocked from responding to comments here for no reason. agh. I don't understand youtube's algo... so annoying sometimes.