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

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

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