Roberto Anzellotti @IlMatematico: "COPYTRADING: 8 KEY TIPS TO..."

Italy

COPYTRADING: 8 KEY TIPS TO SAVE YOU MONEY! Periodically I want to re-propose this post for all those who are approaching ETORO and above all COPYTRADING for the first time. I take this opportunity to give you some tips on COPYTRADING that will allow you not to repeat the most banal mistakes that beginners sometimes make (often losing money) 1️⃣-> Don't start copy-Trading thinking you'll stay invested for just one week or one month. Especially with me, but generally with anyone, invest thinking about staying invested for at least two years or more! For this reason, do not invest money that you may need sooner! 2️⃣-> Starting with copy trading, an automatic bot replicates the active trades of the trader you're copying. If markets are closed, it waits to buy those shares. For instance, if you copy a trader owning AAPL (Apple) on Saturday (or any $NSDQ100 or $SPX500 stock) you won't see Apple stock in your portfolio until Monday when markets open. This isn't a bot issue, it's just how it operates. So, expect potential delays in your copy reflecting the same shares as the Popular Investor you're copying! 3️⃣-> When you start copying a trader, you buy the same shares he owns at the current price, not the original purchase price. If they're up 50% on a stock, you start at 0%. This can cause performance differences between your portfolios. It takes years for the portfolios to align, a fact often overlooked by new copy traders. 4️⃣-> When copying an investor with 80% invested and 20% in cash, a $1000 copy will initially show as $800 invested. The remaining 20% stays as liquid cash. This isn't an eToro bot error, it's simply how the math works! 5️⃣-> Absolutely avoid opening and closing copy-trading positions without thinking about it first! eToro does not charge you commissions, but you still have to pay the spreads. If you start a copy and close it after a few hours, you're wasting money! Sometimes, because of point <2> people close the copy believing that it is blocked, but it is not! avoid doing it and you will save a lot of euros in spread 6️⃣-> This is almost a 5b: If you want to copy someone, don't start copying right away! Wait 24 hours and in the meantime read all the things he has written in the profile and his most recent articles. If after reading his posts and waiting 24 hours you are still decided, then please start the copy-trading. If you don't feel like reading, then don't invest! Not for you! 7️⃣-> With the "Automatic Reallocation" your copy and that of the person you are copying are always aligned. If whoever you are copying makes a new deposit you are free to match his deposit or do nothing. In a few days, however, the accounts will be aligned. 8️⃣-> If you don't understand any of the terms used in this post, then you're not ready to invest yet! At least find out the meaning of all the words that are not clear to you in this post, before you start investing! But above all, remember that the Virtual Portfolio exists: use it because the results are realistic! I hope this short introduction was helpful to you! I'm @IlMatematico , add me at your watchlist to remain updated on all my news and on all my movements on $SPX500 , $NSDQ100, $BTC and the others cryptos ! And if you are interested in finding out more about my moves for 2023 you can take a look at my annual report by clicking on the link you will find in the first comment. Click here to watch my portfolio: etoro.tw/30G9qdh Click here for my last 7 YEARS' performances: etoro.tw/43V3E2H

4 Mentioned

NSDQ100

SPX500

BTC

Bitcoin

IlMatematico

Roberto Anzellotti

Strictly Necessary Cookies

Performance Cookies

Functional Cookies

Targeting Cookies