O.K so this one's a quick one...
How do you add funds to a copy which you already have open?
So let's say there's someone I've copied, and I've copied him with $100 and I want to
add another $50 or $100 - how do I do that?
And also, how can I take money out, you know, can you sort of have $500 on someone and take
$100 out without closing the copy, and use that 100 for something else...
Yes you can - I'll show you how.
So, first if I go to my portfolio, I now have here, you can see I have $190 and 3 cents
available - yaaaay.
And that's because I closed a couple of Ethereum positions because I was really over-exposed
in Ethereum - I think something like 70% of my entire portfolio was on Ethereum and I'm
a bit worried about that.
I still have these two - a couple of times 2 leverage trades in Ethereum - which they
used to do times 2 leverage, now they don't, but I'm keeping them open because they've
been open for a while and it's now ... Where is it - it's at 374, I think the top one I
bought was here - 403.
So I'm just going to leave it open - I think it's going to go up, but I closed a couple
of smaller ones which only had times 1 leverage and I just took those profits and there they are.
Another one is - another reason that's gone up is ... Do you remember last time when I
was showing you, I think it was Rite Aid or something - I was showing you how to increase
a stop loss beyond 100%, but it takes some of the funds to cover that from your available margin.
Well I'd done that - during that time when Ethereum really crashed, I thought it might
go down to as low as, I don't know, 80, so I set my stop losses I think down at about
40 on these big times 2 trades because I just thought "nah, it's going to go back up" but
I extended my stop loss just to cover it in case it spiked downwards quickly, and I hadn't
put those stop losses back up, so today I put them back up - I've put them to 180, I
don't know where I'll move them...
But when I did that, it suddenly released like $45 that I'd used to extended those stop
losses, - it released them back into my available margin.
So, I was looking around for people to copy, but at the moment, I'm aware that, you know,
Jay's doing well so I just want to sort of put some more onto my copy with Jay.
I bought one position, here in AMD - AMD, they make micro processors and sort of
digital components and the reason I did that is really I was listening to Jay talking yesterday
on his twitch channel and he knows so much about the fundamentals of AMD, you know - he
knows all about their processors, their different products, what they've released, and AMD stock's
been going down.
It reached an all time high and then it, I think it was an all time high anyhow ... about
a month and a bit ago.
And then, it just started to go down down down down down and at first that looked like
people were taking profits that was driving the thing down, but it's been going down...
But, I've been listening to him talk about their products and you know, apparently their
products are so good - I mean they're really really good products, beating sort of Intel
products and Nvidia products in the same range on the market at the moment that he reckons
their earnings will go up and that should be good for the share price.
So I've put, you know, $50 in.
I was going to do times 10 leverage - I didn't!
I listened to my own advice and I went in with times 5.
If it goes up again, you know, maybe I'll put another position in - I'll free up some
money again, put another position in with more leverage or whatever, we'll see.
But for now, I did $50 at times 5 on AMD, so...
Back to Jay.
Here we are, so Jay - here's all the stuff I'm copying with Jay - these are all the trades
I currently have open with Jay. And at the moment you can see that I have a total open
of $311.99 so I'm going to put another $150 with Jay.
So how do I do that?
So, here, on the right ... Booooom, really really simple, you know, "Add Funds", "Remove
Funds , "Pause Copy", "Set Copy Stop Loss" "Stop Copying" ... blah blah .
So I'm just going to go to "Add Funds".
So this - I don't have to start a new copy, I don't have to change everything up, I don't
have to mess with the trades that are automatically open, I simply add more money.
So I'm going to just type here "150" - I have 190 available.
So look it tells me here that the maximum amount I can add is 20,190 - that will make
me sort of equal to the amount he's got in there.
"Average Copied Trades Size" is now going to be $23.40 so that's a thing.
So, when I - let's say I put it to 100 and see if that changes...
Yes.
You see it's at $20.98...
So what that means is that - it's that thing about that the more money you have on someone,
the more money they can make you.
So at the moment whenever he opens a trade, he's got an average sort of amount of his
entire balance that he puts on every trade.
Say he puts 5% on avaerage on a trade.
So it will put 5% of what I've put, it'll find out what his average position size is
copy that to the amount of money I have in there, and tell me what that would be.
So the average copied trade size would be $23.40 - which isn't bad because you know
it's about half of the $50 minimum that you can put on stocks and stuff.
So, obviously if I put bigger trade sizes on, I can make more money, so that's how - it's
just kind of showing you the percentage increase that you can have by putting more money on.
So all I do is I put $150, my "Copy Stop Loss will remain at 60%" and "Update"...
Boom.
That's it.
"Jaynemesis amount updated to $484". It's updated my copy stop loss automatically, and my average
position trade size has just got bigger.
I look at my available amount...
I now only have $40 available to mess around with or as extra unused margin which keeps
me kind of safe and I can use it if I see a really good opportunity or if I need to
increase another stop loss I can use that.
So, let's say I want to remove funds, I simply go to "Remove Funds" and I can remove - let's
remove $100 - so I remove it - "Update" Booom...
"Amount updated to $384.7" blah blah blah, it will update the stop loss as well - It does it automatically, now I have $140 is
now back available in my unused margin.
So it puts it back instantly.
So I'm just going to put that back in, "Add Funds" - they don't get angry, the system
doesn't start going "What are you doing!" you know, it just does it - so I'm going to
add the 100 back in, and there we are.
So now I have 40 again, the amount's updated to 484, there's no charge to add that money,
and take that money away.
When you add money to your overall account there's, you know, you have to pay the conversion
fees which people have been questioning - "how competitive are they?"
So you might want to check that - go into your local bank and see what they charge.
But, there's charges when you withdraw money from the whole, your whole account, but when
you add money and remove money from a copy you're doing, there's no charge on that, you
can just add and remove, and move it about from within the system - it's only putting
money into Etoro, or getting money out of Etoro where there might be fees.
On the way in only because there's a currency exchange, because everything goes into dollars
- so from your currency to dollars, there'll be an exchange fee, and when you take it out
there'll be an exchange fee as well to remove it back from dollars into whatever your currency
is to send it to you, but also there's that $25 standard withdrawal fee...
But, so there we are, that's how you add money to a copy.