 Hey, what's going on guys? You're right. It's Mark. Mark, it's a little bit flat today. Nothing really to report on. So I don't have my usual update video on this format. It's a little bit different as well. Usually I'm a tiny box in the corner. It was my birthday a few days ago as well. Hence the... That's right. Hence these banners here. But yeah, I thought I'd just do a series on a couple of the features on Itoro if you're new. I'm not super familiar with it and how to use a couple of the features and things of that nature. So I thought a good place to start would be CopyTrader and how to use CopyTrader on Itoro. I don't worry. We're going to switch back to the format in a moment and you'll be able to see Itoro. But for those of you who don't know, CopyTrader on Itoro basically lets you copy the trades of someone who you like what they're doing or you've been following for a little while and you're a fan of... Or they're basically profitable. That's ultimately who you want to be copying. So just to get a little bit of change over so you can have something better to look at than me. But essentially what it will do is it copies the person relative to what they do with your account relative to what they're doing with their account. So if they put 10% of their portfolio into, let's just say GoDaddy right at the top of the screen here. They put 10% of their portfolio into GoDaddy. It will put 10% of your portfolio that you have copied with them into GoDaddy as well. So I hope that makes sense. So it should marry up like that in theory. Although it doesn't always work like that. It depends on how much you have invested with them. The more you have invested with them, the more consistent and reliable it is. But I'll show you how to use the CopyTrader filter and a couple of the features. So I'm not going to do it on my real. I'm not a fan of doing it myself just because I like to have control. I have done it with some okay results, but let's have a look. So first of all, if you're on a desktop, I'll show you how to do it on a desktop and I'm sure you'll be able to work it out on kind of phones and stuff like that. Pretty straightforward. But here it is. So copy people, this tab right here. And then a good place to start is with the editor's choice. So the editor's choice is basically it's just going to be everyone that's ticking the boxes for eToro and to the point where they would feel comfortable to promote them like this. Right. So they usually don't look for someone with kind of super excessive returns. And while they can say this guy's got 40% in the last harsh Smith and 40% in the last 12 months, which is pretty good. But usually it's kind of moderate returns, just because that would usually indicate not a massive amount of risk, right? But if you want to, and then you've got trend in here, most copied lowest risk. Of course, there's a couple of like pre-set filters as you scroll down. But if you use this top bar here, you can see initially it's people you can filter by country. And then this one's quite interesting, right? So you can filter for people that trade in particular markets. So if you want to diversify your portfolio, so say, let's say for example, you're super confident in trading stocks and commodities, but you want to be exposed to some kind of currencies and crypto trading, then it might be helpful to, excuse me, might be helpful to take a look at people that are trading mostly in those areas, right? Because then you're kind of heading yourself and they let someone we've experienced in those areas pick up on your trade in your portfolio. So that might be helpful, something just think about for now, I'm just going to keep it just for example, sake, just keep it open. And then obviously in terms of what your target percentage is, it's a good idea. Obviously, previous results is no guarantee on future results. But you can use it as an indicator, right? And if it's the longer the timeframe, which is here, the longer the timeframe, the more consistent they usually are just as a rule of thumb. But again, it's no promises. Also with this, this is quite a cool tool. So you can kind of have a broad search here. But if you use the advanced search, again, so just for example, say we say last two years just to find someone who's been consistent over a reasonable period of time, that's some highs that we can look. Oh, that's it's going to get gone and searched it before I wanted it to be if we just say the last two years. And then a couple of things, right? These I don't find necessarily that important, or I wouldn't imagine to be that important. So copy is and copy a change and copy asset under management. These are all basically a popularity factors. And the people that most copies aren't may not necessarily be the best people to copy, right? And in the same same breath people with not a lot of copiers can be kind of undiscovered. What's it called? Something to do with diamonds, diamond in a rough. There you go. Maybe. Does that work? But right. Anyway, onto performance. So they basically have the risk factor, risk factor, risk factor, I'm set to low, medium, high for you, right? So generally, the lower the return, the less risk they're going to be taken. So if you've got quite a high risk tolerance, it's probably best to start to look for someone who's had the higher returns. It's probably indicative of how they'll be trying to trade moving forwards. And then people that are kind of averaging between zero and 10% are probably going to be a little bit more on the conservative scale in terms of trading, right? So lower leverage, smaller position sizes and so on. So just something to think about. But we're all about gains, right? So we'll see see if we can find anyone that's been consistent with 50% returns. This one's quite cool. This one's a good or an interesting way of finding people with a good amount of consistency. So profitable months is basically what it sounds like. So how profitable they've been month to month whilst trading on eToro. So obviously, if they're profitable over 8% at the time, for me anyway, that would probably indicate that they're pretty consistent. So if you're getting someone who's got over 50% returns over the course of two years, and they've got a high percentage of profitable months, you're probably on till winter. And again, kind of similar with profitable trades. These kind of almost go hand in hand. So and also with that as well, just something to keep in mind, you can customize. So you don't have to stick to these set parameters. And you can customize it here. So we'll customize it and go 80 to 100 and apply. Oh, no, not apply. Go back there. So risk score is basically the eToro has a set of criteria that they'll use to measure how risky someone is. So to be a popular investor and to allow people to copy you, your risk has to be between one and six, which is why they've probably got that like that. I believe so anyway. So once you're over six, I don't think that people can actually copy you or if they can. I don't think that they can actually benefit from that. I would have to double check on that. That's poor planning by me, especially when I'm making a video about it. But yeah, typically you want to stick with people that have got a low risk score, especially if you can find someone who's got a low risk score. But there's different ways of managing it, right? So it's kind of indicative of how they managed their risk as well. So you can use higher leverage if you're able to balance it out and so on. So it's a tricky. It's tricky. It's like spinning plates, trying to tick the boxes for eToro's risk score. Drawdown, daily drawdown is basically how much the account has reduced in one day, right? So you want this to be quite low. You're going to keep these as defaults because I don't really know how this search is going to turn out. But obviously the, and this is kind of something for you to think about based on your risk appetite, right? So if you're happy to, for your account to draw down, that doesn't mean it's closed, but to draw down 50% or if you're happy to lose half of your account in one day, right? Well, that's not typical, but I'm exaggerating, for example, say doesn't necessarily mean it's going to close there, but you have to have the kind of stomach for it to hold out there and potentially turn to how you want it to. Same with weekly drawdown. So it's the same thing, how much your account will reduce within a seven day period. So I hope that makes sense. If you have any questions at all, feel free to drop them in the comments. I'm more than happy to help out where I can. And we'll go from there. I hope I'm trying to explain this as best I can. I hope it makes sense. Right. And then allocation and average trade size. So that's how much they allocate to kind of a particular I'm just lost words to a particular market. So would you want someone who trades kind of 50% of their account in commodities, 80% and so on, right? And you can kind of, so if you don't want anyone, if you want someone who trades doesn't trade in crypto, you can say a maximum of 0%. Right. And then you're not going to find anyone who trades in crypto. So that's that. And then average trade size is how much they use per trade. So if they use, if they buy one lot of Coca Cola, is it going to be 10% of their account, 20% of their account, which is quite a lot. I personally don't like to use more than 3% of my account. I don't typically go over 2% for the most part in a single trade, excuse me, in a single trade. But I might have more than 3% of my account in one stock, but just something to think about active weeks trades, how many trades per week. I typically like people that don't do a massive amount of trading. I feel like I don't know, but that's just me. But obviously, if that's how I trade, right, I might want to look for someone who's a little bit different who does a lot of trading and to make the most of the kind of intraday trades. So that's a breakdown there. Oh, we got one dude who let's take that for us. So who's that? Mariano Pardo. All right. You can see he's been pretty consistent over the last three years. He's got good returns and so on. All right. And so this is, this is how you would copy someone. So on this portfolio, you see copy, right? Boom. Click this button. You can put how much you want to copy and with. I believe it's a minimum of 200. Let's have a look, see if we can go over there. Yeah. So a minimum of 200. And then what it will do is it will tell you what your average trade size is. So your average copy trade side will be around $14. So it's just something to think about. And then you can set your copy stop loss on this as well. So as always, with any kind of like fund investment, it's probably best to hold on to it for a couple of months, see how they're performing. Unless of course it looks like they're being reckless and they're not matching or they're not providing the value that you was looking for initially, if that makes sense. So it doesn't mean that they're in the red, but if you're, if you were to copy them for the sake of, you know, they invested in a market that you wanted to get involved in, you liked how they managed their risk and their trade size. As long as that stayed consistent and they didn't start, you know, better than a hundred percent of their account and you only want, we're looking for someone who did one or two percent, then, then I'll stick it out for a couple of months and see how they got on and try and write that out. But we'll just copy them. And then once you're copying someone, you can see that this goes from copy to add funds. So if we were to come back in the future, we love how Mariana is doing, you can add and that extra funds to him and that will just update into your account. And there you go. And then you can see he'll be there just like a just like a stock or anything like that. Also with that as well, you can copy, you can choose to not copy his open trades. So if you've got someone who is a long-term investor, probably best to just copy open trades, right? They're probably not looking for particular points where they want to buy and sell. But if someone's doing a massive amount of day trading, it's probably best to not copy their open trades. They probably bought a very specific point going to sell at very specific points. So yeah, that's something to think about. But yeah, and if you ever want to copy, stop copying someone, go here and you can remove funds, but you can stop copying. So remove funds is, oh good, I've put a little bit too much with Mariana. We want to get rid, remove funds, stop copying, I want out all together. So that was helpful. I might just leave this tick and see how Mariana gets on in the old virtual. I hope that was helpful. I was kind of doing it on the fly. If you're not already using eToro, I've got a link in the description where you can sign up. It'll take you straight to the eToro sign up page. You can sign up. It helps me out a little bit if you want to use that link. If not, that's fine. Just something to mention. So yeah, first link in the description. But yeah, I hope that was helpful. I kind of went for it on the fly. I don't use copy trader an awful lot, but I thought I might be able to provide some insight. As I say, if you've got any questions about it at all, any of the features or any of the you know, the filters, then let me know and I'll do my best to help you in the comments. Apart from that, if you want day trading tutorials, stocks and buy-ons, stock breakdown analysis, Amazon FBA, buying and selling bits and pieces, all of that's on my channel. I hope that was helpful and I'll probably catch you guys later. Thanks. Bye.