Hey everybody, here's a quick one about how you stop copying people. So, why would you
want to stop copying someone. So, you've got the copy open - maybe they're losing
you money, maybe you think "someone else can
actually do me a better job", or maybe you think they're doing a good job, but you
just need the money for whatever reason. So, whenever you're copying someone, the
money actually is used that you invest in them, it stays within that copy, okay,
and you can't just remove it. First, you have to take that money out of the copy
and you move it to here - your 'available balance'. Now, I'll make another video
which I'll link to up here, about the available balance, and how that works. It's
the place - when you upload money to Etoro, it automatically is in the
available balance. It's the money you can use to copy people, or trade with, or whatever.
So, once you close a copy, that's where the money will go back to. So, how do you
- how do you actually close the copy? So, if I go to my portfolio - I'm in my virtual
account here, because the people I'm copying in my real account, I don't want to
stop copying them - they're kind of good. So, I go to my portfolio, here's my pending
one. I'll show you one quick thing... Over here, here's the name - these are all
people I'm copying. This is Apple - this is a manual trade, Tesla - manual trade. Apple...
But these are all people I'm copying. I was testing them out from ages ago... So,
over on the right, I see this cog icon - this is where - this little cog thing - this
is... it gives all the major kind of menu options on most screens. If I click it, I
can 'Add Funds', 'Remove Funds', 'Pause Copy', 'Set Copy Stop-Loss', or 'Stop Copying'.
So, I can do it from here, or if I actually just click into him, and see what I'm
copying via him, it's up here - does the same thing, okay. So, if I click 'Stop
Copying' here... So, there's the amount I invested - $100. I know... This is from a long
time ago that I started this copy, so now I think, the minimum is 200 that you
can copy someone with. Check, it might have changed by this date, but...
A hundred - my current profit or loss is 59, so one hundred and fifty nine, but I've
got to pay the fees. So, what are those fees? When you're copying someone, you
know there are the 'overnight fees' and the 'spread fees' which I'll link to
another video there - so sometimes, they incur fees on their trades, you know.
Little fees for holding leveraged positions overnight, and obviously, I have
to pay them off when I close the copy now. And so, it's adding 100, 59
- my profit to 100, then it's minus-ing the fees and it's giving
me that back, okay. With other people, let's say I go to - I stop the copy - here's
mr. Thor. Let's say I stop copying him. In his case, he's been trading certain other
assets - some assets incur fees, and some actually give you refunds... So, there we
are, there's the refunds. He's done quite well
hasn't he? Thank You mr. Thor. So, what happens if I stop copying one of them?
Let's stop copying Mariano Pardo. I'll stop copying - 'Are you sure you want
to stop copying this investor? Once you stop copying this investor, all
copied positions will be closed.' So, the first thing it has to do, is it has to take
that copy position that you've got open, and it automatically starts to shut down
and close all of the trades, whether they're in profit or loss. It doesn't
wait for them to be in profit - it doesn't wait for anything, it just closes them at
the current market value, as quickly as it can. So, I'll press 'stop copying'. Now, at
the moment, it's the weekend - it's Saturday when I'm making this video, so
if I press 'stop copying'... 'Pending Close.' OK. If I go into it,
he's only got Disney - he's only trading one thing.. But, Disney is traded in the
US markets, and it's Saturday - the US markets aren't open, so it's 'Pending Close'.
I made another video - over here, about that - about what happens when you see 'Pending Close'.
Why does it happen, and how long are you going to have to wait... So, that's
it - once it does close, the money will be returned here, to the 'Available Balance'
which I made that video about, and from there you can use it to copy someone
else, or you can withdraw that money completely from eToro. But you need it to
be - the money needs to be in your 'Available Balance' to do anything with it
- To either withdraw it from eToro, back into your bank account or credit card, or
wherever you put it in from. Or, to use it in a manual trade, or to copy someone
else - only from the available balance. So what if you want to copy him again?
Let's say five minutes later, you change your mind - you want to copy
Mariano Pardo again... You can do it - you can do it however many times you want
there's no additional charge for copying, or un-copying someone. When we tried to
close the copy, those fees that we saw, they were associated with overnight and
weekend fees - watch the video, it's a different thing. If you want to copy him
again, just press 'Copy' again, and you can go through that process of copying him.
And un-copy him as many times as you want. I wouldn't suggest
doing that, because when you close a copy, it closes all the positions. When
you open that copy again, you'll get charged all the spread fees again - on all
those little trades that he's making, that you're copying. It's another part of
the fees thing. So, to copy - to start a copy, and stop a copy, start a copy, stop
a copy - doesn't make a lot of sense, but you can do it whenever you want to.
You can copy the same person again. Apparently, you can copy up to 100
traders at the same time. So, anyhow, so there we are, that's how you 'stop a copy' on Etoro.