TheSnapper

    Current Bank        Start Bank
TheSnapper    $1 330,37        $198,00
Etoro            $505,26       
MrQ's Tips    $82,51       
Reserves    $1 510,02       
Total Funds    $3 401,01        $198,00
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The first day of action for my Etoro trading team went very well. They made an overall bank increase of 1% profit. Now, you might say, 1% is not much...$5. Big deal. But remember the curious feature of Etoro is that this amount compounds. Today my team is trading with $505. Still, not exactly George Soros-level currency trading, but compounding can make that grow surprisingly quickly. We'll see how it stands in a few weeks.

Mr.Kelly and I have combined and I have worked out a way for the bots to lay horses in the afternoon without me around. The idea is to compound the small profits relentlessly. These profits will be sent to the Etoro team for even more compounding again, before being withdrawn into the safety of my reserve investments.

Etoro is great. For a small bank and no knowledge of trading, a small investor can make good profits by copying other traders. I currently have 6 traders copied. I am not happy with one of them, he likes to make high risk trades, even though he is very successful. My solution is to limit him to a small  bank and let him work with that. Etoro lets you limit each trader in your portfolio so that if they blow up, they can't cost you more than the funds you have allocated for them. I put low risk traders at 20% and high risk traders at 5% of my total bank. Etoro limits each copied trader to 20% of your total bank.