We’ve a great new feature on the social trading platform. It’s called Editor’s Choice and you’ll find it here at the top of the Copy People Page. Editor’s Choice features a series of Popular Investors who we think that you might find especially interesting. It gives you a quick summary of their key data with a link straight to their personal profile. You can also add them to a Watchlist with a single click.
The Copy People Page gives you fast access to millions of social traders and allows you to filter them by location, markets, gains, time periods and over a dozen other criteria. It’s an excellent opportunity to find new Popular Investors and really diversify your people portfolio.
With so many skilled Popular Investors, trading up to 1,000 assets with a variety of strategies, social traders can be spoiled for choice when they are looking for new copies. There’s often a temptation to stick with what you know – but it can pay to explore new directions. Check out some of the different kinds of Popular Investors featured below:
The Single Instrument Trader
Single instrument traders specialise in just one asset and develop a detailed knowledge of how it performs. Two well- known traders are running-chris who invests in the DAX and 4expirate who trades mostly currencies
The Full Market Traders
These are traders who look for opportunities everywhere and invest on any asset that they think will be profitable. tradingrelax is an experienced full market trader.
Indices can offer full market exposure and potentially allow investors to benefit from the performance of a wide range of companies through a single trade. smartandsocial is one of eToro’s most active index traders.
Day traders make fast and decisive investments in search of quick profits. Their trades could be open for as little as a few minutes, or as long as a few hours. newstrader is a committed day trader who has plenty to say on the subject.
Long Term Investors
Long term investors generally focus on stocks and indices and keep their trades open for long periods of time – almost appearing to ‘forget about their investments’. They’re willing to absorb some losses along the way, in the expectation that they will see long term profits.
There is no golden rule or magic solution for investing. My personal opinion is that a combination of 80% long term investing and 20% short term trading is the most effective approach. I believe that the markets will always push in an upward bullish direction and any reverses will be temporary. You’ll need to experiment and see what works for you!
The chart below shows the performance of the Dow Jones index over the last 100 years and how the bulls are always pulling against the bears.
I can summarise my own attitude to trading in a few key points:
1. Believe in your strategies
2. Don’t change your portfolio every week – let it work for you
3. Ensure that your portfolio covers all markets – stocks, bonds, currencies, commodities and indices
Past performance does not guarantee future results. You should not rely on any past performance as a guarantee of future investment performance. Unit values and investment returns will fluctuate. Investors are cautioned that data based on less than five years’ experience may not be sufficient to establish a track record on which investment decisions can be based. This post is not investment advice. CFD trading bears risk to your capital. Fees are applicable.