Hey everyone, so this video is really just an add-on to my previous video which was about
your profits when you're copy trading...
What happens to those profits - how do you withdraw them, and what happens if you leave
them in the system.
So, if you haven't watched that video, I'd recommend kind of going back, just watching
that video, because this one will make a lot more sense.
So someone had watched it - actually one of my subscribers - thank you very much man...
And he'd pointed out that I'd missed something which is really useful, and it's something
that I'd missed actually because it's not a feature I've used, but it makes a lot of sense.
So I thought I'd make this one...
So what I was talking about in the last video was obviously - if you leave your profits
in Etoro, the system's really clever at using that money - any profits...
It uses it in new trades - uses it in active trades so you can make bigger trades and make more profit.
That's what happens... Watch the video - it'll explain it...
It's what happens if you leave your money in there - it's designed to use your money
quite wisely.
Now if you want to withdraw the money, I said, you can either stop the copy - and I talked
about how you do that...
If you stop the copy, you know, that money will then be moved into your available funds
which are down here, and it's only money that's in your available funds that you can do something with.
It has to be in your available funds to either use it in new trades or to copy someone else
or to withdraw it from Etoro completely.
So, money which is tied up in active trades doesn't appear in 'Avaialable'.
The money in active trades appears in 'Total Allocated' - it's actually being used in trades,
you can't just withdraw it, you have to close that trade first and it moves into the available
- from there you can do what you want.
So... watch the video.
So that's if you stop the copy.
The other way to take your profits out of a copy position, I was saying - if you go
to this button here, there's the remove funds option.
Now, if I click that 'Remove Funds' option, you can see that I'm actually copying Jay
with $575, but I can only remove 20 - why is that?
It's because the other money is being used in active trades, and I showed how you can
see that - you can go here to your copy with the person in your portfolio...
If you go down to the bottom, here I can see the "Total Open'.
So... up at the top I can see the amount here ... There's the amount that I've invested in him with.
Copy Stop Loss pops up there, if I go over it...
So that's the amount I've invested with him, and down at the bottom, this is the amount
he's actually using in open trades at the moment, alright, so the rest I can withdraw.
Now, I was saying if you want to move more money out of the open trades, you have to
close those trades somehow so that you can withdraw it from the copy and it'll go into
your available balance.
Then you can do what you want with it...
So I was saying one of the ways you could do that is you could go here and you can - these
little red buttons on the side here - these would let you manually close those trades.
So Jay's opened them and I'm just saying basically - by clicking this "No no no, I'm not going
to listen, I need that money now, I need to close these trades so I can remove some money
from the copy fund."
Obviously, that's not a great thing to do...
I don't really like doing that because we copied these people because they're smart
and because they have skill and they have experience and they know when to close a trade...
So if it's still open, there's most likely a very good reason it's still open.
Maybe they think it's going to make more money, or maybe it's losing but they think it's going
to turn around, you know...
And I trust their experience - that's obviously why we copy people.
So closing them manually - not a good idea.
And I did say you could do that if you were in dire need of the money, because closing
those trades would obviously remove - those trades would be closed, and when I go back
to here, and I went to remove funds, that amount would now be bigger because it would
reflect the money from those trades that I closed - would be in there.
So that would be bigger, I could press 'Update' and remove it, and it would appear in my available
balance.
So what was pointed out to me, and it's not a feature I use but it's really smart...
To get round that, what I can also do here - if I go in Portfolio, here I can see 'Pause Copy'.
Alright, so 'Pause Copy' - what that does...
So this is if you want to leave the copy open - you don't want to close the copy position
and be completely out of it - you just want to remove some funds from it, but you want
to keep copying them.
So, instead of closing all those little trades manually, I could press 'Pause Copy'.
Now, if I pause copy, it means I'm still copying Jay, alright - I'd still be copying the trader
that I'm copying...
All the trades that he's made so far stay open - he'll close those trades when he thinks
it's most profitable to close those trades.
But, I won't open new trades with him...
So, the new trades that he opens - I won't open them.
It will just stay with the ones he's done so far, until I resume the copy.
So, why is that clever?
So, with traders, basically, with trading your money, obviously, is what makes you more money.
You want to be using as much of it as you can at any given time in active trades...
Now, generally, traders - they may keep a small part of their overall money that they've
got in the system to the side, for a rainy day - in case they need to do something - they
spot a good opportunity, or they need to extend a stop loss, or whatever...
They may keep a bit aside, but generally they'll be using most of their money in open trades.
Which means generally, they'll be closing trades before they open a new trade, O.K...
Now, if you go to their statistics - here, I'll go to Jay's...
You go to his statistics - it's a useful thing ... If I go all the way down, I can see that
- 'Additional Stats' at the bottom here - he makes 34.70 trades a week, which is a lot,
alright...
He trades very frequently.
So, generally, you can see by that that he'll be closing trades and opening trades quite
frequently.
So... let's say I press 'Pause Copy' - he'll close a trade, generally, before he opens
a new one.
Or he'll open one but he'll close another one, you know, because he's only got a certain
amount of money, and he wants to be using that most efficiently.
So if I 'Pause Copy' what will happen is that slowly, as he's opening new trades and old
ones are closing, I won't be copying the opening trades - I won't be copying the new trades
he's making, but all those ones that close, they'll be closing because they're ones I've
already copied.
So, over time - apparently, according to that statistic - 34.7 times a week, a little
bit - some of those trades which he's got open will be closing and a little bit more
money will be adding to that amount that I can withdraw from him.
So that when I go here ... and I go to remove funds, this will slowly start to get bigger,
do you see what I mean ... As he closes trades.
And it means that I haven't forced those trades closed - I haven't sort of manually just gone
"Close that! Shut it down! shut it down!"
and possibly got the worst price for it...
It means I've waited - it'll take a little longer, it won't be instant.
I'll have to wait for him to close them, but generally, as he does, slowly, this number
will start to creep up and it's a safer way to ... So I'm going to go here and I'm just
going to do it, I'm going to 'Pause Copy' - "Once you pause copy, new trades will not be opened".
Pause Copy.
Alright, so I've now paused the copy with Jay - look there's a big 'Pause' button here
- see the big 'pause' symbol?
That's how you know you've done it...
Then, when I want to, I can go back to him and I can 'Resume Copy' ... So, resume copy,
booom, that's it - he's back on - Pause button's gone, and it means that his new trades, I'll
be copying them again.
So, if you want to - you want to remove funds, and all the funds are actually tied up in
open trades...
Go there, press 'Pause Copy', wait a while, and that money ... Then check and the money
that you can remove will start to stack up.
Remove it, and then go back here and resume the copy...
Safer and smarter way to get your money out than doing it manually.
It'll make sure you've got the wisdom of the person you're copying and their experience
and skill to get you the best price for that money and then you can remove it...
Thank you very much Jay.