O.K, so I've found a new guy who I'd like to copy - his name's here - Jaynemesis -
Jay Edward Smith...
And let me show you what he's got in his portfolio...
So as I look through his portfolio, what I can see is basically stocks, alright...
I look at Ethereum, Bitcoin, Western Digital Corporation, Tesla Motors, Snapchat, Facebook,
Nvidia, Amazon - I see the pattern.
So this guy's into technology stocks from what I can see.
His portfolio is kind of full of technology stocks.
Stocks are obviously when you buy a privately owned company - you buy stocks in them...
And there are different sectors, you've got agricultural stocks, banking stocks, and technology
stocks are one of them - there's many different types of businesses, so there's many different
types of stocks / sectors.
The technology stocks sector has been kind of a real bubble - it's been one of the sectors
where, if everything else isn't doing so well, technology's just been going up and up and
up and up, so when I see just technology stocks - it's kind of exposed to risk.
So with trading, the more you're invested in one particular part of the world's economy,
the more risk you have, because if something goes wrong with that part of the economy,
then all of your stocks - aaaargggghhhh something goes wrong with them all.
Now, what I try and do is I copy different traders ... I try and pick traders who like
different parts of the world economy.
So some who trade in currency pairs, some who trade in technology stocks, some who like
agricultural stocks, or healthcare stocks, some who are very good at commodities, some
who are good at commodities which are sort of subject to war... so, like oil and da da
da da da ... If there's wars in parts of the world, these go crazy and ... Now,
all of the things which affect stocks and which affect currencies and all the rest of
it - i don't understand them all, they're very...
You have to be watching the news constantly, doing research constantly, and it's too ... it's
just too difficult.
When I put that together with my kind of emotional gambling nature, meh...
What I can do though is I can copy other people, get past my emotional gambling kind of stuff
- I can copy other people, so they do the research, they do the worrying, they have
the system, they do the maths...
But I can try and pick people to copy who all invest in different parts of the economy.
That way I've sort of spread my bet, you know...
Even if they mess up and they start losing money, not all of my traders will because
they're in different sectors, you see.
So, with this guy, I look and what I see is mainly technology stocks, but, so I go to
his statistics and I see that, you know, he's been doing amazingly.
So, 2015 - 40%, 2016 - 75.65%, 2017 - this year, he's made 39.51% so far this year.
That's amazing.
What I saw in his portfolio was technology stocks, but when I go here, to 'what does
he trade', so I've gone down the page a bit - 75%, 74.97 - 75% of his stuff - his trades,
are currencies...
25% is in stocks...
So I don't know what's going on there really because at the moment he's only trading stocks,
he's staying away from currencies.
So alarm bells ring and I think, "well hold on a minute, maybe he used to trade currencies,
he wasn't very good at it, so now he's trading stocks and he's winning..."
But I look at his statistics, and he's been doing well since he started trading.
So, at some point, 75% of his trades were stocks, and he was still winning.
So, it makes me sort of trust him a bit more - I sort of think, "O.K he knows what he's
doing..."
So what I'll look at this guy as is sort of my technology stocks trader, alright.
If I have one who's very good at forex - I'm always looking at one who's good at forex
... Because it's so difficult, so complicated.
So if you find one who's good at that and who knows the system, I'll copy him - he'll
be my forex guy, or my Dollar / British Pound guy - one forex pair.
This guy will be my technology stocks kind of long term guy, because it looks like he's
been ... If I go into one of them, I can see how long he's been holding it...
So, he bought it on 31st March, 19th April, 19th April - so he's only been into Facebook
since the 31st of March, so it's not that long term.
But I'll view this guy as my technology guy and I'll see what he does.
More statistics...
His risk is quite high, alright, so his max risk's 6,7,6, so I'll watch him - I'll watch
how he does, but you know, his trading style - what I have to worry about is not micro
managing his trading - I don't have to watch everything he does and "Oh my God, what's
he going to do!"
I just look at his statistics - is he making money, is he not making money...
His trading style - if it really didn't work, I'd see that reflected in this bit here where
I see 2015, 2016, 2017 - you'd see him losing.
So his trading style - whatever he's doing, he's doing it well.
Risk or not, actually he knows what he's doing.
I'll still watch it, I always watch them, but I don't want to micro manage him because
then I'm just doing the trading myself...
The goal is to find people I can trust, I watch their statistics, and then leave them
to do it, so I can go and do other things, you know.
So here we are, he's got 696 copiers, +240 in the last 7 days - which means that he's
sort of - people have just found him and started thinking "O.K, this guy looks good" and they've
started copying him.
So what I'll do is I'll go to 'Copy' - I'll press the copy button, I'll put it to the
same $100 - the usual, the minimum amount I can copy him with, I won't copy his open
trades, so I'm going to un-tick that box.
I'm going to leave the stop loss there, and I'm going to press copy.
There we are - 'Started copying Jaynemesis'.
So now if I go to my portfolio, I have Cookie79, Jaynemesis the new one, Trader10 who's just
become profitable, which is good, and I've got my manual trade of Ethereum which is , you
know, a bit of a one-off...
So there we are - I've got to find 7 more - I'll go start looking.