Hi Everyone !

First of all

I'm much like many of you guys , just started investing during Covid

I initially invested a lot into KLSE, which I made a total of RM300 in 18 months ( I just sold a big chunk of my portfolio to reallocate to US markets )
and honestly I find the Malaysian market to be quite dull and at the moment I'm at a paper loss of RM5k
Moving to Dec 2020 I decided to try out E toro after convincing myself that it's not a scam ( I tried to take out 100 USD which took 3 days to come out and I was charged 5 USD together with awful Forex Rates )

I decided to put in about 1k USD to try out.
I copied a guy called JayNemesis ( apparently is the No.1 trader in E toro with consistent returns over 24 months , 103% returns in 2020 , 52% returns in 2019 , -53% in 2018 )
and I did basically nothing ( I slowly added funds as time moved on )
and today when I checked my portfolio was 1k USD with a profit of 110 USD which is great lol
Back in KLSE I would have to read read read and I still might incur losses ( which is part of trading )

So basically the guy I'm copying averages 80% Returns in the past 8 years ( with 2 years of loses )

Which means if I were to place say 4k USD in him .... with an average ( 80% is bonkers So I'm using 30% )

4k USD with 30% Returns for 20 years ... it'd be 1.5MIL USD

I mean what ?

How does this even work .... this is even better than Buffett returns and from my experience returns like these are usually considered a scam. However this is E toro and all is there for you to see.

Is this too good to be true ?

BTW you can't follow this guy anymore as he's maxed out the number of copiers with a portfolio worth 100mi USD

usually it's a legit app, but gomen is planning to tax the gains on active traders

Sorry it does not work like that

good for you. try and hold 1 year and see what happens.

http://skepdic.com/perfectprediction.html

eTORO is known for being unscrupulous. You are probably looking at a sample size of one - perhaps he is not even a real person.

If its too good to be true, be careful.

Bruhhhh 10% is low, try wahed investment la, choose aggressive/very aggressive portfolio, can hentak 20-25% easy. The downside is, slowpoke withdraw process.

2 hours of wake up calls. "Social trading" mentioned inside.

I found his insta before copying

https://www.instagram.com/jaynemesis/?hl=en

Seems like a normal bloke

Yeah ill be quite curious to find out

I just remembered i put in 250 USD back in Sept ( I completely forgot )

The returns was about 23 USD before I put in the additional funds

Last time I invested in instaforex, on Gold

Went in and made 25%, became satisfied and left after a few days...

Then I reinvested after a few days because greedy, lost 95%, and learnt my lesson...

wahed doesn't give you 10% every month

Then nothing. You can continue copying him or withdraw your money. Etoro is legit.
Warren buffet have been known to not beat the index for the past few years.

How does it work. If you are good with your picks you can get paid for doing what you do best.
Keep in mind when you copied someone that someone get paid. Now you need to see if he consistently make money. Could be a one shot thing.

There are plenty of people on etoro. If you don't want to copy him, can copy others.

Second this, but please be noted that Etoro is not being regulated by Malaysian authorities,
the nearest office is in Sydney.

Can you stomach this? -53% in 2018

If you can't, then stop. If you can, then by all means continue copying the trader.

Etoro is legit, but they are not recognized by BNM.

Antoine second Acc here.

Yes for the past 24 months he's been profitable ... and thinking of diversyfying to copy someone with a long term port , I'll have to think this through

Yep I'll well aware , did some research before going in

haha I've been through my fair share of pain in KLSE

My portfolio dropped like a rock during the crash in March

I was nearly in tear and I just liquidated a big portion of my KLSE portfolio as I'm forseeing a crash coming

It's real. I've been copying him for 2 years. But he's no longer accepting copiers coming this Jan 11.

i checked his portfolio, he mainly gain from crypto currency.

Not a biggie compare to Elon Musk since 2018

Most ppl who consistently make it longer terms are the one to learn as the gains consistently compared to one off

Wait till the market turn then you know what’s is it like just like crypto soon when ppl starting flocking in now at 50k soon

Yep I'm dumping in another 2k USD and that's that

And you will repeat it again in when the next crash come. Mark my words. Why. Cause it not about being the best stock picker. Is whether you have guts. If you cannot stand the volatility of the market (market drawdown/crash) you are not ready for stock investing. Stay with FD. A good night sleep is better than anything.

Yes that is really true. Through my 18 months of investing, there was only 2 days that really got to me March 2020 and yesterday as I was adamant to not make the mistake I did in 2020. I was quite keen to TP ( even though I was educated not to ) back then, but I thought meh doesn't matter doesn't it. It's just another pandemic it'll pass. My portfolio recovered somewhat but lately as the pandemic got worse I have to remind myself of 2020 ... hence I made the painful decision. I have quite a bit in FD hence I wouldn't want to add anymore in. Since 2% is quite awful.

Even with my losses my returns in the past 18 months was about 3% ( 4.5% including Div ) hence I'm more willing to take the risk.

The other days I'm quite fine with the market

Wholly agreed as he has not possess EQ and too sensitive to market movements with very very risk sensitivity index on alert

Wait till he trades FX and Crypto then will feel the pain even faster

Just ignore the haters. They have no idea what they're talking about. Been using the platform for longass time. It's one of the easiest and cheapest to get into.

Thanks Captain Obvious. Might as well say all of the brokers outside of Malaysia are unregulated by Malaysian authorities

Because of the good rally now also.. will not be always like this bro...

why u dont copy this brader 1 https://www.etoro.com/people/sparkliang ?

A prolong red market will test everyone. That's why a lot gave up in 2008. Everyday your money drop by 1-2% if put it into he market.

Let's see. He went and copy some trader on etoeo who have crypto.

Yep that's why I checked his performance from 2014 - 2021 , he have 2 years of losses and average 80% gain over 6 years hence I went in. He have a big position in BTC which really spiked his returns now. And also ETH

I'm have a position in Binance / Bittrex with some ALT coins. So far they're doing decently. Insane fluctuations but it's norm now for me

ADA and Vechain seems to be performing

Yes it was painful but I did make 2 -3 green days ... was optimistic in Dec , like really optimistic.

Then Jan happened and I felt m assets are not performing ... and the poteintial gains is really tangible hence I reallocated my assets

So far the Crypto port is doing mehhh

it holds XRP DASH ETH EOS. It went red when I first copied but is green now , so it's a 50/50

The problem he has just like those who got burn easily because he has not posses the fundamentals on volatility which a slight drop is nothing to most of us as we has a better foresight, patience and outlook to seek, find and put the right calls at the right time

Still got a long way to go for me even though the past 2 months when the market corrected i made the right calls and still gain on my positions

I might've been a little short sighted but I believe stronger in the American markets. After considering

1. US currency is cheap now. 2. Making use of the Crypto run.

I still hold some local stocks that I still have faith in. Dufu , Axiata , TopGlove some REITs that I believe will recover eventually.

But for some companies that I feel my assets can be better reallocated I've shifted them overseas. Will updated if it goes well.

I used to have the mindset of buying a stock and never selling much like what Buffet says, however some mental versatility should be practiced in these uncertain markets and I believe many can make better returns due to the volatility/uncertainty. I still believe in long term investing but not with a diehard zeal.

If you wanna be Buffett Malaysia you must have a lot of balls for the long term

Asiata won’t die just the dividends are not however TG congrats to those who bought up at 5.5 just wait and collect quarterly dividends for 15 months

Okay, marking your words
If not this eToro then what is your 'poison' ?

etoro is not approved by SC Malaysia, right? So far I know there is no local Stock exchange platform that have Copy Trading

Let see if he sustained the profit percentage annually.

for your sake i hope he makes it. there's a quite a few superstar fund managers who flamed out. timestamp 6:50

No one bothers with SC approval whenever trading globally

Already 1 yr let see whether did he double his money

Bro, any update? folks here are missing you so much

Usually two scenario. Scenario 1 earn until laughing to the bank so no time come forum update. Scenario 2 lose until hands shake so no mood come forum update. Who will share his losses so openly in forum (or maybe some will?)

he copytrade this guy right? https://www.etoro.com/people/jaynemesis/stats

Did great in 2020, well in 2021, rough start this year

I don't know about others but isn't how we know how good a trader is during bear aka correction market times? We monitor this trader see how he lose the least or how he manage to get green color in a bear market? In a bull market any mediocre trader will also get green color IMHO.

lol now buy what also might end up red... consider it as a discount for your chosen ETF or stocks.

Did you find any trader that manage to have green color in this current period? If have maybe really can copy trade him once market recovers.

Hi, etoro have no problem with withdrawal of fund is it? Just opened an account and want to make sure it's legit and no problem with withdraw of fund.

hope TS is still doing fine