You probably know about the trends and how we have lower lows and lower highs in a downtrend. Also, you know the situation in an uptrend. if not you can find some information about the trend here. This not only applies to the stocks, currencies or commodities but it also applies to the people's performance. When you are coping other peoples trades in eToro, the same scenario happens.
Investing in a good trader is like buying in an uptrend. We have higher highs and higher lows. It depends on when you are jumping on the train. if you get in at one of the highs, you may expect some red days or even month at start. But if you start copying at one of the low points then you will start making the profit after the first few days. So being patient is the main key.
Please see the picture below. This shows how my 3 copier's return is different.
The trader who has joined on 03/01/2019 ended up with almost 30% profit. This is why you should be patient.
The trader who jumped in on 07/02/2019 joined at one of those high points. That's why his account is in red as of today.
The other trader just joined yesterday. We can't say that this will stay green or turns red during the next couple of weeks. But if he stays with me as long as my performance stays green he or she will make some money in the long term.
Please be careful how you are investing money because at the moment 76% of people are losing their money on eToro.
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