Etoro Copy Trading Profits - Additional Info (I missed something)
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- čas přidán 10. 09. 2024
- The copytrading site I use : etoro.tw/2fMizH2
Website: socialtradingv...
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In this video I add some more information about how to remove money from a copy trade without actually closing the copy position. When you remove funds from a person you're copying, you can only remove funds which aren't being used in active trades by the person you're copying. This method uses the 'Pause Copy' feature to slowly let the amount of funds you can withdraw from a copy position build up, so you can withdraw them to your available balance and then do whatever you want with them.
Pausing the copy means that whilst you are still copying the trader with all of the trades they have made so far for you, new trades that they make won't be copied... The result of this is that as they gradually close older trades and open new ones, (they have to close older trades in order to open new ones as they don't have an unlimited supply of money) the amount of money you have copying them which isn't involved in active trades starts to build up and becomes available to be withdrawn by you into your available balance.
It's not as fast as just closing the trades manually, but it is safer as it means you're still getting the benefit of their experience concerning the best possible price and time to close the trades that you already have open with them.
Even a kid would understand this the way he explain things. Love this guy.
Thanks so much :)
Do note that most traders do keep a portion of their funds as cash for a rainy day, such as a massive dip or gap. If you remove funds, you are taking out from that portion, and if they do make that trade later, you will fail to copy those trades, because you don't have enough spare funds.
this video answered some important questions that I had; also, we have a Pause Copy option - combined, this seems like a pretty solid mechanism
Yeah, it took me a while to see how they could all be used - it was actually JayNemesis who pointed out how useful the pause copy feature could be.
Man l really like the way he explain things east to follow ....
I realy enjoyed this vidio, and the way you tell people what to do. Thank you and I will go over the vidio again. I was coping a trader on Etoro that was doing well and I could not understand how to take any profit, but now after your vidio I do understand a little more, and I wish that I had paused the trader and not closed it now. So I will open it back up now. Thanks Julia Roberts
Thanks so much :) Nice name!
Thanks, and I am now coping two traders. So will see how things go. Regards Julia Roberts @@SocialTrading
Dear man. information is 100% on too of that its really interesting to keep listening to you. never feel bored... maybe cos of the voice and modulation u maintain
Thank you for such great explanation. Helps me understand the features so much better 💙
Thanks a lot :)
hi, Do you have any video about cashing out the money? I read it was difficult with eToro, specially if you do deposits with credit cards
Hi Tom......in this example on jay's copy,it says the max that u can withdraw is 39.90 & active trades are 524.52,so adding these 2 figures makes 564.42 but the amount invested in total is 575.71.....can u kindly explain the discrepency
Wow goed to know
Thanks :)
Just subscribed to you, happy new year.
Thanks carol, same to you!
Well explained bro👍
Thanks so much :)
Great video man...
What happen if I stop copytrading someone, I take what I gained, and then I start copytrading again?
I mean I start gaining as before?
Too easy?!
I'm a little confused.
Jhon Jhak if you stop copying someone you will get whats invested and eventuall profits sent back to your avaible money. If you then chose to start copying them again then it wont use all the money you copy them with directly. A portion of what you copy a user will be used on open trades and when they make new trades then more and more of the money invested for copying will be used in new trades. It can take days, weeks even months for all your invested money to be used in new trades that the person being copied choses to open. So be patient. I hope this helps somewhat.
Hey there - thanks. well, when you close the copy, it'll return, as Mr Strange said, your money to your 'available balance' (plus or minus any profits or losses). Then, it's as though you've never copied them before - you start from fresh again. If you choose to copy them again, it's a brand new copy - you can either choose to "copy open trades" or not when you start the copy (i made a video about those two options as it is a bit of a lengthy explanation) and then, any new trades in the copy will have to pay spread fees again and they'll either lose or make money over time depending on how the markets move - nothing new of mysterious - it's just like starting again. If you just want to take some profits from a trader you're copying, there are simpler ways to do it than closing the whole copy and re-opening it again. I made two videos about that : czcams.com/video/UZ9F2F42vvI/video.html Hope that helps a bit.
It's alittle unclear for me still tbh so im sorry if im alittle slow. Im copying one of the guys (Thor) you have talked about right now with $600 dollars and $423,80 is being used (total open). If im right then whenever he opens new trades then more and more of what ive invested will be used. So if 100% of what ive invested so far ($600) will be used sometime and i chose to remove funds, will that money be reduced from the money total invested or from the profits? Not sure if there is an easy way to move the profits back to my avaible money.
Hey mate, you are doing great! but please take off that thing in your hand, listening to your videos on headset is disturbing hahahah
Yep, I know - sort of did the same thing in my latest video too, but much less. I'll fix it :)
thanks for the this man.
Hi man !! I'm learning a lot with your videos !! I have a doubt I'm just testing in the virtual portfolio and I notice that for example if I invest usd12000 copying someone, they use a part and not all of the money invested , also after they close the trade that I was able to copy and they open new ones they invest even less money than before.... Is something that happened to you or it's just because I'm in the virtual portfolio? There is a maximum to invest ?
Hi there - did you 'copy open trades' when you invested the $12,000 ? If not, then the money you copied them with will only be used up as they make new trades - check out this video for more info : czcams.com/video/hO1zncbWqFM/video.html
If you did copy open trades and it's not all used up, then it means you've used the same proportion of your copy money as they've used of their account money - they're keeping some aside for some reason - maybe as a reserve in case they want to buy something when it gets to a certain price, or to pick up an unforseen bargain, or to extend a stop loss if they need to...
The trade size won't always be the same - they might make a 10% trade on one thing, then 5% on another, then 1.5% on another asset... That's up to them as traders. If you make losses though, your average trade size will naturally be smaller and smaller as, for example, if they make a 5% trade on something, 5% of your total money become smaller and smaller.
I don't think there's a maximum to invest
And I believe the portfolio works just like the real account, but all the money's fake. Let me know if you find anything different...
Hope that helps a bit. If you're ever in any doubt though, just ask Etoro - don't just take my word for it :)
Yes, I did copied open trades, thanks for your advice !!
Great content but please get rid of the bracelet clanking sound if possible.
it was a bit much on this one eh...
Just subscribed to you man !
But i'm missing something...when the trader we copy adds funds to his portfolio.. what are these money used for ?
Is it the same thing as when we add funds to the copy, so that they stay there and wait to be used for new trades only ?
Hi there, and thanks :) It basically just means that the guy or girl you've copied has added some more money to their account, and they'll do whatever they want with it (They'll use it to trade I'm assuming) (but they could also just leave it there as unused available balance to lower their risk score...) Whenever they do this, you get that little notification suggesting you add more money - I think this notification is so that your average copied trade size stays the same as it was before they put in the new money. They're basically saying "your trader has added more cash, so if you want to keep things the same, you'll need to add X amount."
Social Trading Vlog Super clear !!!
Hi quick question, what is the difference between placing a trade and placing an order? Thanks :)
I just made that video today! but I need to add a bit on to the end before I upload it.
Basically when you go to trade something, the standard default option 'trade' is buying the asset at the current market price. if you click that little button and choose the 'order' option it lets you set a specific price which you'd like to buy the asset at - let's say bitcoin's at 8200 right now. you may think "it can't stay this high, I reckon it'll dip to 8000 again" so you set an order for 1 bitcoin at $8000. If the price of bitcoin goes up, your order won't be filled - it won't go through, but if the price ever does go down to 8000 again, your order will be executed and you'll buy the bitcoin at that price. People use orders alongside technical analysis to find and execute the best possible entry points into trades.
Hope that makes sense
Also - when you place an order - even if that order is still pending as your target price hasn't been reached yet and triggered the trade, the money you want to use on the trade in that order is set aside waiting for the order to be filled and the trade to happen (that's the bit i need to add onto the video) So if you pick wildly low prices and just wait and wait in case the price ever goes that low again, it can take your money out of your available-to-trade balance and tie it up so you can't make other trades with it. that's a problem...
Hi, thanks for the info you share on the page... I am new to etoro and have a few questions:
If I buy some oil for 40usd and set the take profit at 20usd, what happens when it gets there?
Do I get my 20usd profit and the original 40usd oil deposit back, or do they keep the 40usd oil payment open and I get the profit? So the oil can keep on going.
I hope that makes sense
Thanks
Best
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REPLY
If you set TP to 20$ the trade will be closed at 60$ and will appear under money available tab
Sorry for the late reply! Hope it all went well :)
Very informative videos, thanks! Something I am failing to understand though is how you "take profits" if you don't close a copy (and then potentially restart it)? When buying regular shares, for instance, you need to sell the shares you own before you can say you've actually made a profit. Does the same not apply here?
So, if, for argument's sake, you copy someone and they make you 100% in a month, unless you stop copying them and take those profits back into your etoro account, all that happens is you keep compounding further gains on those profits but also potentially losing some in the medium term if they have a bad month. Isn't it best to close and reopen every so often (either with the same trader or another one) in order to lock in profits, in the same way as you would when you decide to sell any given stock? Otherwise aren't you essentially just accumulating passive income that you might one day cash in.
Sorry if that wasn't explained too well, but I hope you understand my question and can clarify that point.
Heye there! I've just added 3 more videos to my 'how to take profits' playlist as really, they're more practically about how to actually do it and what's going on when you do. Here's a link to the 'remove funds' video which might explain what you're asking a bit. The one after it about the 'pause copy' function should also answer some questions... Hope they help. I think it'll make more sense..
czcams.com/video/6ff45NaA9_g/video.html
@@SocialTrading Okay, thank you. I'll check them out!
I have the same question about the strategy what to actually do with the profit.
Good Video Mate!
Thanks a lot man! Nice name :)
Members are complaining in scam reviews etoro is charging 25$ fee for even smaller amount of withdrawal as well some hidden fees is it true ?
Thomas Mathew all withdraw fee is hard 25$ so u better make alot before withdraw , dumb dude dont read the web before jumping and now running around yelling scam, there are tons of those, etoro is the biggest by far social trading i doubt they are scammer with ridiculous amount of fee and medium spread already
Nope, They used to have a tiered fee.. It however is now only $25 no matter how much you take out. $50 or $100000 it costs $25.
There are fees for trades however.
Things called spreads and overnight fee's. Typically spreads cost more on crypto. A spread is essentially a small charge they put on top of a purchase.
So if you purchase say $1000 and it has a $20 spread, it will cost $1020 for that purchase. This also means that the stock price needs to go up by $20 until you make a profit. Spreads are normally quite small for normal stocks and not crypto. In my eyes, they are somewhat milking the profitability of crypto. Ie: bitcoin currently costs about $100 for a $8000 purchase.
tldr; no scam, just normal fees (although a little higher than other exchanges)
nice answer! :)
if i stop copying il reap in the profits right?
if any are made
Thanks for the info! Just to confirm... The profits found in 'Total closed' will eventually be reinvested automatically into the 'Total open' amount?
Yep, they get ploughed back in and used in future trades. I actually saw it again the other day - where a little notification pops up on the screen some time in the evening showing that it just adjusted the copy amount, and the copy stop loss automatically (taking into account the profit and loss) or each of the traders I'm copying. It's very clever ...
Brilliant thanks! I agree, it is very clever.
:)
Nice work dude
Cheers man :) Much obliged!
Lost in the weeds man. Honestly I don't know how to find information on what to do with profits and losses on the copy.
And even trades I've opened. My money isn't making money. It's just another savings account tbh.
10% profits this month
10% losses the next month.
Aren't I suppose to sell when the profits are high and buy when the stocks are cheaper than when I bought in the initial trade
If you're trading manually, then yes. Copytrading is meant to let someone else manage the buys and sells so that hopefully the overall copy amount builds up with their skill...
@SocialTrading i am so happy to hear of your reply.
One more thing.
Say my monthy investments in the snp 500 are doing well.
+5% +10%
Do i close them trades every "now and then" and open a new trade with the value + profit i made on those previous trades?
No body can tell me how to compound interest.
But it sounds like this is it.
A monthly review on my trades/investments swing trading almost.
Or do i invest and hold for 35 years every, say £50 open trade. Monthly weekly trade.
Closing all trades in 30 years.
Why does the equity not go up the same as the profit on etoro
So, it should be that "available" + "total allocated" + "Profit" = "total Equity" - is it not showing that? Do you have any pending orders or have you extended your stop loss or withdrawn any money recently? (I'm wondering what could have done it - I'm sure there's some mathematical answer somewhere ...)
Thanks a lot :)
how do you use etoro on Mac?
it's a web based platform, so you just log in to etoro.com
Thanks, I was thinking in wine app, or something, it’s great, I’ll be following you advices, I used to trade in the past, then I change jobs, it have been a few years like 20, now it’s time to catch up.
I have been copying when the market is closed. I de-select trades that are green and high in percentage and only copy low profit and red trades. Is this a good strategy? It seems logical to not copy high percentage green as they are less likely to grow. The trader himself has a lot of breathing space to sell the trade at a lower price if it falls, but I wont. If it falls to 80€ from 100€ for him, that means that it falls to -20€ for me.
Heres an article on it as well:
www.forexsocialtraders.com/do-not-copy-green-trades/
Thoughts?
Hi Ben, yeah, it's a good idea - every time I've copied someone, I ask myself that same question. The problem is whether they're the sort of trader who hold assets for a long time or not. The way I see it, they may have a trade which is in big profit, but that may be a position - in Amazon, or Facebook, or even BTC which they opened ages ago and are just holding onto looking for a steady long term price increase. If i cancel that trade manually in my copy of them, then they may not be planning on buying into that asset again for a while as they already have their position open. So, if it rises more, I'll miss out. I understand your scenario though too, and it's a constant gamble really - but I look at the asset in question, check the charts for it, and have a think about why they'e holding it still. Also i check the date they opened that trade and also how many sub-trades do they have in that asset in their portfolio. Hope that makes some sense. It's it good idea though, thanks for sharing it. I'll mention it.
Social Trading Vlog Ah okay. I will remember to check when they opened the positions etc. Good thinking. Thanks for the thorough reply! I enjoy you're videos they are a big help! You are a good and engaging teacher/instructor, keep it up
Cheers Ben :)
Heads up. According to Stebliss on etoro. Manually closing some trades when starting and not copying all open trades will "knock the copy out of sync" - Stebliss. Hmm...
A video on how to maintain a copy would be great! As in why it may go out of sync and how that can be fixed. Also what are the risks if you are unable to meet the recommended amount that a trader recommends you copy with. If you manually close a position in the copied trader's portfolio, what will happen with that money?