Etoro - $45,000 Per Month? Yup. It's Possible.

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

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  • @jaymitchell4181
    @jaymitchell4181 ปีที่แล้ว +7

    Hi Tom, just discovered your videos and really enjoying them so thank you. Your asking all the questions that others want to the answers to. Look forwards to the next one.

  • @jeremykull8910
    @jeremykull8910 ปีที่แล้ว +10

    I really enjoy the positivness and self awareness you share on this Channel. A real bowl a fresh air to watch your videos, thank you and keep your contagious motivation up! 🙂

  • @danwiddon3854
    @danwiddon3854 11 หลายเดือนก่อน +1

    Hi Tom, the algorithm pushed your breezy demeanour vlog my way today, after I looked at what Etoro currently offers. Love your positivity and enthusiasm.

    • @SocialTrading
      @SocialTrading  11 หลายเดือนก่อน

      Thanks so much :)

  • @richthatcher
    @richthatcher 6 หลายเดือนก่อน +1

    I enjoyed the upfront honest opinion about gambling vs investing as well as the exciting possibility of becoming a leader in this area.

  • @tocaciulevente992
    @tocaciulevente992 ปีที่แล้ว +2

    Good job again, Thomas!
    Honest and good vibe video!

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Thanks :) I really don't know how I'd hold up under the pressure... It's a lot to have all those eyes watching you.

  • @tonyp2878
    @tonyp2878 หลายเดือนก่อน +1

    Hello Tom. Regarding copytrading for compound gains do you have to pull your money away every year and then reinvest it straight away or you can hold the position for as long as you want and you get your gains compound. Also do you pay any fees as if you trade Indexes overnight,weekend fees etc? Cheers PS I put money into bonds like VUG,S&P500 but that for long term investment

    • @SocialTrading
      @SocialTrading  29 วันที่ผ่านมา

      Hey there. I just leave it in there. Any gains made by a person I'm copying get added to the amount I'm copying them with so they use those gains in new bigger trades... Unfortunately indexes do come with overnight and weekend fees from what I understand, even if you don't use leverage - it's always a CFD. But these things change a lot, so check on eToro's main fees page in thweir help section for the latest info - they've got all the instruments listed there, so it's really useful.

  • @davidjohn-xy1mm
    @davidjohn-xy1mm ปีที่แล้ว +3

    It's not about making money but rather managing risk. The trader who is up 60% today - must have "risk management" as foundation principles. The other trader who is up 60% goes off and celebrates forgetting about "controlling the losses" which will come in the days ahead. Thanks for the video.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Thanks for watching and your reply! :) I'm still learning about when risk is good, and when to be more prudent - I tend to get it the wrong way round a lot.

    • @davidjohn-xy1mm
      @davidjohn-xy1mm ปีที่แล้ว

      Very kind of you to reply. @@SocialTrading

  • @Phangmaster
    @Phangmaster ปีที่แล้ว +2

    NEVER pay any attention to anyone's boasting about performance, that's the best tip, don't ever let emotion make you envious, there's a very high chance they'll blow their account and go silently into the night.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Yeah, I'm very wary of boasts about big profits these days :)

  • @crh_55
    @crh_55 ปีที่แล้ว

    FYI, you can now have two trading profiles using the same personal credentials (KYC info). So, you can copy trade with one account, and manually trade (become a PI) with the other. Happy trading!

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      Hey there - I asked my account manager, and he said he'd never heard of this :) Any idea how that's done?

    • @crh_55
      @crh_55 ปีที่แล้ว +1

      @@SocialTrading I spoke to my account manager and it got done. The only issue was using the same phone number for authenticating different accounts - this required a verification call with tech support. But once done, all good. Two different logins, two different trading accounts 🚀 The only caveat I can think of is that I am a Platinum+ member.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      Hmmmmm. I'll ask and see. Thanks for the reply!

  • @是否有公義
    @是否有公義 9 หลายเดือนก่อน +1

    Hi Tom, have you got problem withdrawal the money from Etoro? It takes ages. Let's take a video to testing how long can you withdrawal the money from Etoro

    • @SocialTrading
      @SocialTrading  9 หลายเดือนก่อน

      Hey there - no, I’ve never had a problem with withdrawing. How long has it taken?

    • @是否有公義
      @是否有公義 9 หลายเดือนก่อน +1

      @@SocialTrading You can see the review in google. I am planning to deposit large amount in etoro but after saw those review about withdrawal, I step back.

  • @Mte75
    @Mte75 10 หลายเดือนก่อน +1

    Love your videos, with your positivity and enthusiasm ❤

    • @SocialTrading
      @SocialTrading  10 หลายเดือนก่อน

      Thanks so much :)

  • @uzmauddin06
    @uzmauddin06 11 หลายเดือนก่อน

    Hi I just start etoro. It shows my portfolio money I invest in. But I want to start buying stocks. It won't let me. When I try to buy it says I have 0.0 cash. Can you help

    • @SocialTrading
      @SocialTrading  11 หลายเดือนก่อน

      Best to talk to eToro directly if it's about your money not showing up in your account I think.

  • @ivaritaschonberg9735
    @ivaritaschonberg9735 10 หลายเดือนก่อน +2

    Nicely done mate. But after 3d minute I started thinking how the heck etoro can pay them so much. As I understand it's either lots of hidden commissions or tons of individual traders loses

    • @SocialTrading
      @SocialTrading  10 หลายเดือนก่อน +2

      Or eToro has other ways of monetising all of this which I'm not aware of, and it's paying them our of a portion of that... I mean they're valued in the billions at this point, so they're obvious making a fortune off all this.

  • @marekdabrowski5799
    @marekdabrowski5799 7 หลายเดือนก่อน

    I personally think that emotions are the hardest aspect of investing. It's not really about knowing the market, charts, and so on-that part is simple. It's the emotional aspect that is the downfall of all retail traders. So, I wholeheartedly agree with you.

  • @yamenalsyoufi1200
    @yamenalsyoufi1200 ปีที่แล้ว

    4:13 in the history there are 2.17% and 0.33% what`s the different between them?

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Hey there. So the 0.33% is referring to here overall portfolio gain i believe, whereas the 2.17% is the gain on this specific trade we're looking at. Remember, she's not using all of her account money on each trade, so even though the trade has made 2.17% in profit (on the original amount she invested in this trade), that has only moved her overall account size into 0.33% profit.

    • @yamenalsyoufi1200
      @yamenalsyoufi1200 ปีที่แล้ว

      thank you very much @@SocialTrading

  • @Len714
    @Len714 10 หลายเดือนก่อน +1

    The trader you refer to hit 23% last year and 1.6% in 2024 so far. My stats are 89% for 2023 and 7.6% so far in 2024 so definitely something I need to think about. Thank you 👍

    • @SocialTrading
      @SocialTrading  10 หลายเดือนก่อน +1

      Hope it all goes well for you! :)

    • @Len714
      @Len714 10 หลายเดือนก่อน +1

      Thanks @SocialTrading. Hope you took a look at verve therapeutics, it's up 6% today and really well this week 👍

    • @SocialTrading
      @SocialTrading  9 หลายเดือนก่อน

      thanks :)

  • @TheWhoopwhoop21
    @TheWhoopwhoop21 ปีที่แล้ว +1

    Would love to learn how to trade on my own. I just don't have the time... with a day job and all, which is why copy trading really appeals to me. I have learnt a lot though just by watching what trades they make which is quiet interesting.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Yeah, I mean I have the channel, so I've been learning that way, but I think it was true for me too that listening to the updates of people I copy, or just seeing what they say on their feed and watching their trades a bit, I definitely learnt. I think once your money's in play in any way, your attention is just naturally there more. I was actually watching videos about High Frequency trading when I came across eToro :) I was looking for some sort of trading algo service where they'd let me use their AI for a percentage maybe... Found eToro, and it fulfilled the same sort of passive idea.

  • @jeremykull8910
    @jeremykull8910 ปีที่แล้ว +2

    Oh and by the way, if you do become a popular investor, DONT watch your stats if you cant handle the pressure. Stay cool and trade as if you were alone. Buisness as usual style otherwise you'll crumble into silly risk!

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      Seems a tall order :) Can you imagine seeing $50 million copying you!

    • @jeremykull8910
      @jeremykull8910 ปีที่แล้ว +1

      @@SocialTrading id actually quite like that 😎

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      Yeah, come to think of it, it would have a definite upside :)

  • @daveharley4302
    @daveharley4302 ปีที่แล้ว

    Tom where are those sheets found on the individual investors that we follow?

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      They get sent to your email once each month, but I think it's only for PIs with green or black stars,. It's called "Popular Investor's Monthly Fact Sheet" and comes from etoro.

    • @daveharley4302
      @daveharley4302 ปีที่แล้ว +1

      @@SocialTrading I must be missing these some how pal. I follow Jay and camper vans and ain’t seen any fact sheets

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      That's odd... Not sure what's going on there. Jay's is linked to at the bottom of his bio - bit.ly/3uIt7LN , and campervans' is too - bit.ly/3cmQDXp :) Just found them.

    • @rayygun
      @rayygun ปีที่แล้ว

      ​@@daveharley4302same here, I don't get them at all.

  • @gypsyfirebird4610
    @gypsyfirebird4610 11 หลายเดือนก่อน

    Thank you so much for your videos, I am learning so much!

    • @SocialTrading
      @SocialTrading  11 หลายเดือนก่อน

      Thank you for watching! :)

  • @Len714
    @Len714 10 หลายเดือนก่อน +1

    Also keep an eye on genetic therapy/gene editing stocks like verve and crspr therapeutics. The future of medicine👌 oh and (Infosys) a company owned by Rishi Sunaks wife, will sure to do well long term 👍

    • @SocialTrading
      @SocialTrading  10 หลายเดือนก่อน +1

      cheers for the tips :)

  • @valicourt
    @valicourt ปีที่แล้ว

    I just don’t get it. People follow someone who makes a few percent a year while they could just lend out USDT on an exchange for between 20 and 45% apy without any risk.
    Trading is only good for the providers who make money whether you lose or win. So, step out of it and become a provider by lending or staking or liquidity providing etc. There is no money in trading. Trading is dead

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Hey there :) Where are you getting these APYs? Are you staking USDT single-sided? Or are you forming LPs with a native protocol token on a dex? I find it very hard to believe there'd be this APY without either serious protocol, token, or counterparty (sus exchange) risk. If you've really found a zero-risk way to make 45% apy, then you've found a grail sir :) Nice. Please show me! I've yet to find that. There's always been a risk equal to the promised yield so far, and I often saw it too late unfortunately.

  • @TheMuseEuterpe
    @TheMuseEuterpe 2 หลายเดือนก่อน

    Hey Tom, I am a fellow trader on eToro since 2012 but I have never signed up as a trader to be copied. Last time I looked your risk score had to be below 6 in order to be payed for having copiers. Do you know if that is still the rules?

    • @SocialTrading
      @SocialTrading  2 หลายเดือนก่อน

      I think it can be at 6 now too. I think* You'd have to check to make sure...

  • @futureunderimprovisation
    @futureunderimprovisation ปีที่แล้ว

    Hi. What happen if I close all positive trades from someone Im copying on etoro and is preforming bad? In this case jaynemesis. will it work to close the positive trades and waite for the other traids to go up? thanks to anyone that can help with this question.
    Maybe I could use the money I take from that traider to put on another that is preforming better

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Hey there, you can close copied trades manually from your portfolio, but I'm not sure whether it's a good idea or not. Have you asked Jay on his timeline, or seen if other people are expressing your same concerns - may he's answered one of them?

    • @futureunderimprovisation
      @futureunderimprovisation ปีที่แล้ว

      @@SocialTrading Hi thanks for answering my question. I didn't see anyone doing it but was wondering if that would work... have you ever tried something similar or what do you think can go wrong if I do it? Thanks again

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +2

      There's a few things to potentially think about. Jay's probably only got those positions open still as believes there's more profit to be made from them. He might have some understanding or knowledge which you don't, so whilst you might close them (from what I understand you want to close the Winning trades rather than the losing ones) and try to find somewhere else to put your money, will that new place yield a higher return than if you just left the trades open? It's so hard to tell.
      I'd ask him for his views on the positions just in case there's some obvious event coming up or something which will help the positions.
      Secondly, your stats and Jay's stats will become unlinked. Over time, they'd sync back up, but in the short term, there'd be a big un-syncing.
      Thirdly, I'm not sure if Jay uses 'long-short' hedging strategy in his portfolio, so it might be that some of the positions you close are acting as a sort of defensive guarantee against other parts of the market going badly. So closing some may upset the overall balance and purpose of the portfolio composition. Basically sometimes a trader will open a position, but they'll be aware that the market may move against them in a specific way, so they open another position to cover themselves if that potential event does happen. It's called 'hedging' like 'hedging your bets'. I'm not sure if he's doing that - he could be.
      I think it might also depend on the length of time he's had these trades open and how long he normal keep trades in that asset open for. If it's something he's been holding for a very long time, then closing it manually will mean your copy diverges from his portfolio strategy for a long time potentially. If it's a short-term trade it may not have such a great impact.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      I'm really not sure what to do though :) I frequently made very bad decisions, so my sympathies on your decision!

    • @futureunderimprovisation
      @futureunderimprovisation ปีที่แล้ว

      @@SocialTrading I do understand that. Thank you

  • @Lyzaaarnew
    @Lyzaaarnew ปีที่แล้ว

    I wonder if you can start an account with only $200 and get a couple of years under your belt with the past performance history to increase copy conversion then look to build up assets and market yourself

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      I'd imagine so - but then after two years of trading with green stats, I reckon skill as a trader has been established. But then there's the effect of having more capital and actually having people copying you... Maybe that switch would explain some of the trading stats I've seen over the years where everything seems to be going well and then they suddenly become more volatile or so conservative that they make tiny gains...

  • @PeterUKTV
    @PeterUKTV ปีที่แล้ว +1

    I think its a quite gamble on all levels, even some experts are red - and they are experts.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      I've copied people who were doing well and then suddenly blew it all, but they had less stats, and maybe I should have seen it coming. I'm not sure... Once somebody I was copying got banned for scalp trading :) That was a shocker as he was a good trader with loads of copiers. They definitely do have rules...

    • @PeterUKTV
      @PeterUKTV ปีที่แล้ว

      @@SocialTrading even if they had amazing stats, one day in the world economy can wipe everything off. Especially nowadays in unstable times. But obviously its not that likely to happen.

  • @PittwaterMowingAustralia
    @PittwaterMowingAustralia ปีที่แล้ว

    Thanks Tom 👍💰🤑

  • @v12_biturbo63
    @v12_biturbo63 4 หลายเดือนก่อน

    Can the people copying see the trader's charts and indicators, wouldn't want to give away my strategy but don't mind making trades for people.

  • @mak611
    @mak611 หลายเดือนก่อน +1

    Stay away the fees will kill you

    • @NMP276
      @NMP276 หลายเดือนก่อน

      how much are the fees ?

  • @marcusmuller3291
    @marcusmuller3291 ปีที่แล้ว

    Thanks a lot Tom! I made the same mistakes, that's why I copy trade.. :-)

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      Same here :) It's tempting though when I see what Izabee's managed to do. I know it's taken her years of steady progress to get there, but It does start me wondering...

  • @epicscoreCS2
    @epicscoreCS2 ปีที่แล้ว

    Good video.
    I have made 32-125% every year seens i started investing in 2018, i just now started to be a popular investor, gott 4 coppiers in 4 months, not to bad.
    Beating the SPX500 by 1.2% in past 4 months, and im not day trading, running a consentrated portfolio buying quality when cheap, 5 holdings atm but look to expand to 10-20 when i can gett other companies and safe margin. All my positions are up 8-25%.
    Im happy if i can gett 400$ to reinvest and compound, i plan to compound at 25%+ every year so i can retire in 27 years from now.
    I follow the mindset of Li Lu, Buffet, Peter lynch and Terry Smith among other less known.
    I am presently invested in the beauty industry, companies benefiting from the decreasing cost of aluminum, and the emerging trend of coffee, among others. I lean towards identifying long-term trends that can enhance already high-quality businesses.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Sounds great sir! Well done :)

    • @epicscoreCS2
      @epicscoreCS2 11 หลายเดือนก่อน

      @SocialTrading if you ever want to talk about investing my e t oro is epicquality, as someone who is passionate about investing, im always up for discussions

    • @luxekook
      @luxekook 3 หลายเดือนก่อน

      How to copy your trades?

  • @LorriSanga
    @LorriSanga ปีที่แล้ว

    You cant open a 2nd account on etoro

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Hard eh, as it's tied to your addresss... Was wondering if I could try asking them though.

    • @LorriSanga
      @LorriSanga ปีที่แล้ว

      @@SocialTrading I called my contact trying to open a 2nd, separating my investing from my trading. Nope, it's tied to your tax details.

  • @Lyzaaarnew
    @Lyzaaarnew ปีที่แล้ว +1

    I also found that my copy trade gave me pretty much every single one of my poor red months on my history. So even though I had good gains, sadly my past performance has now been scrubbed by copying :(

  • @earthrelated
    @earthrelated 5 หลายเดือนก่อน

    I think some of those success profiles are fake to encourage people to play!

    • @SocialTrading
      @SocialTrading  5 หลายเดือนก่อน

      That'd be depressing...

  • @billwalton4571
    @billwalton4571 7 หลายเดือนก่อน

    why dont you become a popular investor and just copy another professionals $100 monthly service like Gareth Soloway, thereby collecting etoros $500 a month as a Champion

    • @SocialTrading
      @SocialTrading  7 หลายเดือนก่อน

      :) I've considered it... But still, I'd need to understand how they were trading, and the assets they were watching, and etc etc etc, and I'd basically be living a trading lifestyle anyhow. Which really isn't for me...

  • @chinwenerondu8192
    @chinwenerondu8192 11 หลายเดือนก่อน +7

    Stay away from these Etoro promoters. Stay away from etoro.

    • @SocialTrading
      @SocialTrading  11 หลายเดือนก่อน +1

      Bad experience with them? What happened?

    • @chinwenerondu8192
      @chinwenerondu8192 8 หลายเดือนก่อน +1

      ​@SocialTrading They straight up LIED. I was moving countries and informed them, they verified my new location, made me tske selfies,,submit my passport, phone number and all. A while later tild me to close my account as they don't operate in the country I relocated to. Their agent told me that they do. I asked and I have the proof. Now they say the only way to get my money is to provide my PayPal account from the country I moved away from.

    • @hanlin7024
      @hanlin7024 3 หลายเดือนก่อน +4

      Whenever I see someone saying "stay away from etoro" they never actually say what's bad about it

    • @chinwenerondu8192
      @chinwenerondu8192 3 หลายเดือนก่อน +1

      @hanlin7024 then you haven't read all my posts. I will not make lengthy posts about it all the time.

    • @chinwenerondu8192
      @chinwenerondu8192 3 หลายเดือนก่อน +1

      @hanlin7024 Really? Well you said "you haven't " so that's valid. I have seen several. They were dishonest and told blatant LIES. I got my funds eventually after calling out all their LIES.

  • @mintdog531
    @mintdog531 ปีที่แล้ว

    Tesla and microstratergy(Bitcoin proxy) That is all im doing now

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Is that Mr Saylor?

    • @mintdog531
      @mintdog531 ปีที่แล้ว

      Yep

    • @natk90
      @natk90 ปีที่แล้ว

      what is this? Are you copying a trader to do this?

    • @mintdog531
      @mintdog531 ปีที่แล้ว

      @natk90 no. Just buying Tesla and Microstratergy

  • @FJano12
    @FJano12 ปีที่แล้ว +2

    I want to get rich fast!

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +3

      Hehehe, everyone does but unfortunately that’s the quickest way to lose everything too… :)

    • @PeterUKTV
      @PeterUKTV ปีที่แล้ว +1

      @@SocialTrading :)

  • @AzzieTheGamerr
    @AzzieTheGamerr ปีที่แล้ว

    pretty sure that guy at start of the vid is talking bull

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Hmmmmmmm... Not sure. Could have been lucky too. Maybe not though - time and stats will always tell for all of us. But if it IS possible, then PI status beckons :)

    • @AzzieTheGamerr
      @AzzieTheGamerr ปีที่แล้ว

      @@SocialTrading would of been better if he linked his account to show proof but as I always say, no proof then it's a lie.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      He actually replied further down in the comments saying that it was at some point a couple of years ago when everything was closed. I think he's moved off eToro now into what he considers more appropriate U.K assets.

    • @AzzieTheGamerr
      @AzzieTheGamerr ปีที่แล้ว

      @@SocialTrading ahhhh I didn't see that, that's fair enough

  • @PeterUKTV
    @PeterUKTV ปีที่แล้ว

    $45.000 per month? Yes, please :D :D :D But dont you have to have green stats to maintain your Popular Investor status? What if all your stats go red and you start losing? Will etoro still support you and give you money when you lose most of your copiers?

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      I'm not sure - I think that as your copiers fell, your AUM/AUC would also fall, so you'd get less and less. I know they have limits to what risk score you're allowed to hit and still be on the program (I think it's 7...) but I'm not sure if there's any cut-off switch if you start losing too quickly or anything like that.

  • @00076Paint
    @00076Paint ปีที่แล้ว

    I have been copying Jeppe and will continue to copy him.

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว +1

      He's been doing so well for such a long time, it's quite something. He was also very nice when I interviewed him way back. :)

  • @asmrgamingwhispers
    @asmrgamingwhispers ปีที่แล้ว

    i always check for companies that pay good dividends on trading 212 if they are better than the traders on etoro i put money there instead

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      What would you say the ratio is? Are you more going for dividends or more towards copy trading in terms of capital allocation?

    • @asmrgamingwhispers
      @asmrgamingwhispers ปีที่แล้ว +1

      @@SocialTrading ive gone more for dividends this year just because it was safer while i looked for people on etoro

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Nice. I hear a lot of people have been investing in treasuries lately as they’re seen as risk free and giving above 5% which is apparently high for those types of assets…

    • @asmrgamingwhispers
      @asmrgamingwhispers ปีที่แล้ว

      @@SocialTrading sounds interesting ill check them out

  • @mintdog531
    @mintdog531 ปีที่แล้ว +1

    Tesla up 99% ytd. MSTR up 113% and the future is very bright