Who among the general public here is willing to have their trades copied? Or knows of good signals to copy via MT4 or another platform? Right now I like Etoro but can't follow every trader. I also use Primexbt but it lags a lot and their copy program is new.
The reasoning is that as signal copiers we can "level the playing field" with hedge funds who diversify the talent among many different traders with differing trading methods. What is the difference? A bank has a bunch of employees trading for it, or you sitting at your laptop, having a bunch of other people at their laptops trading for you? Regular folks. I simply don't understand why this hasn't caught on more. I know there are successful traders on this forum. Why not help those not so apt to mastering your method with letting it be copied? What do you have to loose? Looks like actually you get paid a little bit like a hedge fund manager. Results are all that is important. Get a 5 star rating.
I am becoming like a copy trader bank personally. I just don't have time to do all of these cool strategies that do work. For example, I trade stocks in the morning when there is a top runner and ride the momentum. This takes so much focus that during this prime time I can't trade forex or other futures which also have good setups simultaneously. In fact nowadays I rarely scan the forex market for setups. I am just too busy. I want to code and automate as much as possible. Bots work but I think perhaps people can do better. At least, more consistent. The bot works great for a while then the market shifts. The human can change with the market easier than the machine. Unless it's AI. I'm not going to program AI. Again, no time. I have better things to do than focus on this. I am already set for life financially, although not happy with it and want to do much better. I'm not a millionaire quite yet. I just want to diversify passive income at this point as much as possible. What better way to do this than social media investing, automatically copying every possible swing in the entire financial market that is a good setup?
So, you can't copy me quite yet, that is unless I really get good at BTC/USD scalps on Primexbt. I don't have a good track record (although I am profitable). When I do, I will offer it to the public. Stay tuned. If you painstakingly go through my post history in other threads for gold nuggets you will find proof of a working method I have developed. Mostly money management is what it boils down to. Snowballing is the key. The problem with it is it would keep me glued to the charts way too much. I have better things to do. Feel free to send me the algorithm you create from my methods if you develop one. I'm sure your variation would be different than mine. Collaboration. I am still working on coding. Slowly but surely I will learn how to talk to the computer so that it obeys properly. I use this same methodology on momentum stocks in the morning, and it works great. The difference being that you can time the momentum in the stock market consistently every morning. What is bull flagging today? Is there a news catalyst to justify a continuation at the New York opening bell? If so, you can pinpoint momentum to usually about a half hour window after the bell, then call it quits, unless there is a huge runner, then you keep trading the momentum. With forex I found myself constantly scrolling through charts looking for patterns, to the point of my wrist hurting. That is when I know I need to find a way to step away from the computer. So many setups though! All the time! It is hard to step away but for me I think limiting it to stocks in the morning is good.
I don't know how to automatically copy equities traders perhaps someone knows of a platform? Etoro says soon it will offer something along these lines. I would love to copy momentum scalpers. Cryptorocket.com offers some stock CFD's on MT4 that could be copied I suppose. Not the explosive $2-$10 type of moves with low float stocks in the mornings, they only offer the big popular names. Some people are really good at it. At lease there are quite a few out there that brag about the money they have made. Probably the fastest way to make money on the planet. Low float momentum stock trading has it's downside of not being able to take huge positions in the millions like with futures or large caps without slippage. Also I don't use a platform like Cryptorocket for large amounts of money it isn't regulated. I use gambling money with these off shore brokers. If they run off with it oh well. Not a big loss.
So instead of a hurt wrist from trying to trade every market in existence why not just get a bunch of other people to do this for you? That's the idea. Also what would happen to finance if we really did this as the retail crowd? Everyone can exploit everyone else's talent. That is a good thing right? We can all help each other get rich. Why not? C'mon experienced traders, chime in! Wouldn't it only make you richer if you had a huge copy following, also a huge portfolio of other traders? Ray Dalio has 1500 traders working for him not because he can't trade profitably himself, but because it is the only way to capitalize on all the opportunity. Diversification. Multiple streams of passive income. Simply hire and fire based on social media ratings, without the actual hassle of hiring and firing.
The reasoning is that as signal copiers we can "level the playing field" with hedge funds who diversify the talent among many different traders with differing trading methods. What is the difference? A bank has a bunch of employees trading for it, or you sitting at your laptop, having a bunch of other people at their laptops trading for you? Regular folks. I simply don't understand why this hasn't caught on more. I know there are successful traders on this forum. Why not help those not so apt to mastering your method with letting it be copied? What do you have to loose? Looks like actually you get paid a little bit like a hedge fund manager. Results are all that is important. Get a 5 star rating.
I am becoming like a copy trader bank personally. I just don't have time to do all of these cool strategies that do work. For example, I trade stocks in the morning when there is a top runner and ride the momentum. This takes so much focus that during this prime time I can't trade forex or other futures which also have good setups simultaneously. In fact nowadays I rarely scan the forex market for setups. I am just too busy. I want to code and automate as much as possible. Bots work but I think perhaps people can do better. At least, more consistent. The bot works great for a while then the market shifts. The human can change with the market easier than the machine. Unless it's AI. I'm not going to program AI. Again, no time. I have better things to do than focus on this. I am already set for life financially, although not happy with it and want to do much better. I'm not a millionaire quite yet. I just want to diversify passive income at this point as much as possible. What better way to do this than social media investing, automatically copying every possible swing in the entire financial market that is a good setup?
So, you can't copy me quite yet, that is unless I really get good at BTC/USD scalps on Primexbt. I don't have a good track record (although I am profitable). When I do, I will offer it to the public. Stay tuned. If you painstakingly go through my post history in other threads for gold nuggets you will find proof of a working method I have developed. Mostly money management is what it boils down to. Snowballing is the key. The problem with it is it would keep me glued to the charts way too much. I have better things to do. Feel free to send me the algorithm you create from my methods if you develop one. I'm sure your variation would be different than mine. Collaboration. I am still working on coding. Slowly but surely I will learn how to talk to the computer so that it obeys properly. I use this same methodology on momentum stocks in the morning, and it works great. The difference being that you can time the momentum in the stock market consistently every morning. What is bull flagging today? Is there a news catalyst to justify a continuation at the New York opening bell? If so, you can pinpoint momentum to usually about a half hour window after the bell, then call it quits, unless there is a huge runner, then you keep trading the momentum. With forex I found myself constantly scrolling through charts looking for patterns, to the point of my wrist hurting. That is when I know I need to find a way to step away from the computer. So many setups though! All the time! It is hard to step away but for me I think limiting it to stocks in the morning is good.
I don't know how to automatically copy equities traders perhaps someone knows of a platform? Etoro says soon it will offer something along these lines. I would love to copy momentum scalpers. Cryptorocket.com offers some stock CFD's on MT4 that could be copied I suppose. Not the explosive $2-$10 type of moves with low float stocks in the mornings, they only offer the big popular names. Some people are really good at it. At lease there are quite a few out there that brag about the money they have made. Probably the fastest way to make money on the planet. Low float momentum stock trading has it's downside of not being able to take huge positions in the millions like with futures or large caps without slippage. Also I don't use a platform like Cryptorocket for large amounts of money it isn't regulated. I use gambling money with these off shore brokers. If they run off with it oh well. Not a big loss.
So instead of a hurt wrist from trying to trade every market in existence why not just get a bunch of other people to do this for you? That's the idea. Also what would happen to finance if we really did this as the retail crowd? Everyone can exploit everyone else's talent. That is a good thing right? We can all help each other get rich. Why not? C'mon experienced traders, chime in! Wouldn't it only make you richer if you had a huge copy following, also a huge portfolio of other traders? Ray Dalio has 1500 traders working for him not because he can't trade profitably himself, but because it is the only way to capitalize on all the opportunity. Diversification. Multiple streams of passive income. Simply hire and fire based on social media ratings, without the actual hassle of hiring and firing.