everybody so a quick thing about eToro and that I've noticed and I thought I
want to pass on so over here on the Torres homepage there's you remember
this little warning about how many people lose money using eToro it's gone
up it's now so 76 percent of retail investor accounts lose money when
trading CFDs with this provider seventy six percent seventy six percent of all
the retail vessels as as the unfinanced trained bods people who are using eToro
seventy six percent of us are losing money that's over three quarters only
24% of people aren't losing money that's a very frightening very big very real
statistic now why is that I mean look how nice this looks and trade with
confidence on the world's leading social trading platform it's on someone's phone
it's all glossy it looks lovely it looks friendly is the problem here with eToro
it's a cozy Torres a scam eToro stealing money yeah the fees are too high blah
blah blah blah blah blah no I don't believe so at all I believe it's because
trading is inherently incredibly risky Andy Torres done a wonderful job of
making it accessible making a look friendly making it look sort of lovely
if I go back to the site look at it all yeah copy people page we've got their
profiles and looks like social media everything's white sand nice backgrounds
and it's it's absolutely beautiful it's beautifully done go to the trade markets
JP Morgan blah blah Citibank DJ xxx everything's lovely and it looks really
simple now they've done that to try and make it an accessible platform if you go
to other trading platforms mt4 Metatrader and all the rest of it the
complexity is so much it just instantly give you a headache terrify you and
you're like through like I can't I can't deal with a high or low so they've made
it really accessible here but that kind of obscures its gamer fighter almost to
a point where me certainly in a lot of other people are thinking you can do
this I'll just have a punt I'll have a go and
you know you've really got to watch it you know I'm talking to people I really
you know love or people I really don't want them to lose money and stuff I mean
it's the top thing you'd say is a warning that this is real it's the real
markets it's really there's a high risk of losing money here you know be very
very very careful so what have I done I mean if I look at my statistics since I
started I decided in 2016 they 2016 I think the main thing which has lost me
money consistently is the desire to get rich quick
boom in many forms underneath it is the desire to get rich quick
some people when they're trading do seem to get rich quick they buy a bit Queen
when it's 0.004% of cents and then it went up to 21,000
now they're billionaires it can happen I'm not saying it can't happen but I
think the desire or the goal of getting rich quick is the is the surest way to
lose money why because all right so here's the first year I traded here lost
38 percent of the money that I put in in the second month I was trading why
because I had little money five hundred dollars when I let's say I have five
hundred dollars let's go to my portfolio I have five hundred let's say Olivia
Danville was probably the safest lowest risk trade of the uncocking alone we'll
go to a statistics alright so he made eighteen percent in 2018 look at all
green all green he made eighteen percent let's say he made twenty let's say I put
in five hundred dollars alright and I want to make a sound amount of money in
a year let's say I make twenty percent in a year what is that ten percent would
be fifty so a hundred dollars would be twenty percent do I really care if after
one year I've made a hundred dollars is that exciting enough for me is that
engaging enough for me do what am I gonna do that
no is the truth I couldn't five hundred dollars I want to make a thousand five
hundred dollars in a year all right I want to make like four hundred percent
twenty percent or whatever this is a huge problem so I think it applies more
with people who put in less money actually like me you know there's that
mentality of alright it's cool and these guys look at him he's really good lover
it is by oh I now see him as one of the most secure people I'm copying great
awesome these are brilliant statistics to me now why weren't they in the
beginning because five hundred I just wanted to get rich quick and I saw
trading as a goal as a way a path to get rich quick it is not it is
not I don't think anyone I think that's how you how anyone should be viewing it
20 percent in a year is amazing I've looked at the returns and the top hedge
funds in the world you know the Quantum Fund and the people who are making you
know these warren buffett types and the people who are making amazing amounts of
money the richest people in the world and the returns on their funds are like
sixteen percent twenty percent that's that's it this is great for the industry
but for me when I came in I was thinking oh four hundred percent I don't want to
make a hundred dollars in a year what's the point one hundred dollars in a year
surely I can make more than that somewhere else
another way to think of it guaranteed way to lose money so I came in here I am
trading away and I start using lots of leverage because I only have fifty I
made videos about what leverages is the way to amplify your trade so I was
trading buying and selling gold just wake up in the morning think I'm gonna
miss out everything was I'm gonna miss out everything was if I have to make
this trade if I don't make this trade I'm never gonna get rich oh my god I
can't miss this opportunity for and it was always I have to do it now or else
I'm gonna miss out I'm gonna miss out great the real experience traders know
that there will always be another opportunity to make money every five
minutes there's one the markets all the different markets golden or cryptos or
oil or USD versus Great British Pound there's millions of these different
instruments thousands of different things you can trade and all day there
are opportunities to make money don't worry about that one so I was afraid of
not missing out and in doing so using lots of leverage and it's a recipe for
all this fear and oh my god I'm gonna lose all we got and you just make bad
decisions new people when faced with panic make bad decisions not good ones
statistically that's why we have 76% of retail investors are losing money on
this platform because statistically if you're new and you're using lots of
leverage and you're trying to get rich quick you lose money don't do it don't
do it use the virtual account practice a bit watch you'll soon see but don't do
it also 2017 look at me just gambling down 23 up 63,000 24 down 19 up 36
is not sustainable the fact that I made 38 percent in that year is lucky and the
fact that Kryptos were just going up at I was sorts of in that but it's lucky
you know 2018 emotional and I held on to copying some people who I really like
because they're lovely people longer than I should
again emotional but here again this year I'm still doing it I've been doing it
alright so January I was down 0.78% mostly because I was copying this guy
here and look at that he was doing really really well hurry up but I
couldn't see enough pass statistics but I copied him anyway because look at
those great gains boom down in January I didn't take all those losses I got out
before he lost them but there we are same thing not enough information really
should and bum lost February why did I lose money in so I go back I'll go to
statistics February where did that come from again did the same thing Baum
February I didn't take all these losses again I got out sort of up here which is
great but look huge gains wanted to sort of steal now I'm a popular investor I
wanted to have enough spice and enough interest in the portfolio that there was
the chance of making big gains still so that more people would copy me and that
would be great and that would go well and it's risky look bum that the big big
gains can come with big risk you can only get these gains if you're taking
quite a lot of risk from what I've seen again I'm not professional this is just
my experience you you get these gains from taking a lot of risk and with that
lot of risk comes a lot of risk you know so um now what I'm thinking is I'm
thinking alright so if I have $500 and I can make 20% in the year I can make a
hundred in a year that's great actually the risk/reward ratios they're generally
better if I'm copying someone like like Olivia whoever now I can't say if he'll
do well in future but you know I pay attention to this the risk score low
risk scores you low draw downs you know I've made videos about what draw downs
are so it would be better if I copy people because all I'm doing is copy
trading if you manually trade go and learn go and do a course go to
the Institute of trading and portfolio management or someone you really trust
find one and do a course on trading do yourself a favor
invest that money and actually learn at least not to make the rookie mistakes
you know to go in and because maybe you'll win and you're win and you win
for six months I've seen that a lot people do manually trade and make a lot
of money for six months and then from two months they lose all and they wipe
out their account you know how many accounts you'll see on eToro which do
that and they seem to be winning and then other people copying them and boom
you know so I'd say if you're going to manually trade learn go and study
go and study God's sake do yourself a favor go and study if your copy trading
I'd say find the people find safe people because even the people if you're
copying the people who are boom bust boom bust then you're going to be boom
bust as well I something I've done and something I'm sort of learning so now
I'd say look for 20% returns or whatever lower returns and lower it as long as
they've got low risk profiles I'd say look for that and it's better to put in
more money with lower risk so it's better to just go and work drive a taxi
build houses be a lawyer be a doctor do whatever but I'd say number one watch
out for the get-rich-quick mentality it's caught me out so many times it's
unbelievable and now I'd rather get rich slowly work make some money put more
money in and get you know 20% year off a thousand or a five thousand or ten
thousand it's better to put more money in and expect much less return and
accept much less potential risk than to put the little money you have in and go
for big returns with big risks is you're gonna lose it statistically it's not me
don't look at that number 76 percent statistically you'll lose it if you do
that so be really really careful even though this is beautiful I think eat are
is amazing I think coffee training is amazing and it looks so clean and so
bright and so lovely don't let it fool you there is a lot of risk here and a
lot of people most people are losing money so there we are a little bit on a
Sunday very stormy Sunday there's a hurricane in Malta we'd lose anyhow by
you know any on this Sunday I thought I'd talk a little bit about like a 76
percent is a lot and you know I invite people and I've got my sort of affiliate
links and people coming through and you know you I do sort of I've done a lot of
stupid stuff and I don't want people losing their money in and you know I
know a lot of people are when I saw that statistic 76 percent it's like man so
that's my experience at the moment I'm looking much more for this safety don't
try and get rich quick it's not a get-rich-quick scheme I wish it was will
not be awesome if it was just we could all have Lambos next week or whatever
your particular version of a Lambo is a beautiful house in the woods are on a
mountain it's not a get-rich-quick scheme it can make money and it can make
good money and I believe that copy trading is possible a lot of people tell
me you'll never make money copy trading whatever I'm gonna but I think it's not
a get-rich-quick scheme it's a get rich slowly scheme or or make some money
slowly scheme there we are still enjoying it is my portfolio copied a new
guy I'll go into that and another one I kind of didn't want to tell everyone
because when I tell people about someone then everyone copies and then they
changed the way they trade and yeah but there we have got I've got a new guy in
anyhow hope you're all doing well