Hello everyone. Okay, so this is just a really quick one - it's something which one of
my viewers pointed out, and it was - it's super useful, so I thought I'd tell you...
Recently, I copied the trader Fastik, and I was worried that he was using too
much leverage in long term trades, and that that would incur fees. Obviously,
when you use leverage in a trade, you get overnight fees and weekend fees,
and they can really stack up. The more leverage you use, the more fees you can have.
And someone pointed out that Fastik may be doing this... so I, you know
you can look through his portfolio, here ... and you, can sort, of see some of his trades...
I'll go into, for instance - you can click into one, and... I can't see any leverage in that one...
Hold on, no - what I have to do is not in
my copy, sorry - I have to go to his portfolio - his actual portfolio, so I
click on his thing... This is his profile within the site.
I can go to his portfolio, and then, let's say this one here - I can click into that...
and I can see - look, he's using leverage... I can't see it from the copied view in my
portfolio, but if I go to his actual portfolio, I can see he's using leverage
so that might be incurring fees. What I can look at is when he started it - so
this was started on 25th... 19th of the 4th... January, February, March, April -
19th of April with - times five... times five leverage. Now it's obviously... It's
November now, or December - it's the 1st of December, so that's been open for a long
time with leverage. It might be incurring fees, okay - over time... And I got worried
about this, and I thought "well, I could check all of the individual fees by
going to his profile and seeing - yes, he probably does incur fees but how's that
going to affect my copy position?" Because, obviously, if I copy him, I'm going to get
the same fees that he does as well - because all the positions - all of the
fees and the charges... When you copy someone, you're subject to them as well.
You're copying his positions - if he's getting fees, you're getting fees... So if I
go to my portfolio again - here, I can see my copy with him. Now... Two things - one,
it says I've invested that much - I'll show you how to see how much you've
really invested in a minute... But.. Here, it says units, average open, invested, profit and
loss, profit loss percentage, and value... These are sort of the default columns
that we have in the portfolio view. I can change them, all right... So if
I want to see how much, in fees, any of the people I'm copying are costing me
I go here - this cog button... I can click down. Now what this shows is - this shows all of
the headings for the current columns that are being shown in my portfolio.
Units, average open, invested, profit and loss, profit and loss -
so that's dollars and percentage... So remember - units, average open, invested, P&L.
If I go back - units, average open, invested, P&L... and then the other ones. So, that shows
the current column headings, okay. That's what's happening... if I click on any one -
let's say I click on 'Units', and instead of units I want to see - it just shows
this other screen - this other second screen is basically
'things you can see instead'... So, I'm going to choose 'fees' okay. I press X, and I go back, and boom.
The 'Unit' column has now changed to 'Fees'... So, by doing that - really simple, I know
but someone pointed it out, you know - it's really useful to me... Now I can check
what fees - since I've started copying Fastik, he's cost me $2.28 in
fees... and I can see that really quickly. I could also go to him in my portfolio
and go down to the bottom, and just see the fees... 2.28 he's cost me in fees, but a
quicker way to do it is - I can just put it in my portfolio view, and see it there...
Really, really useful to check if you're worried like I was. And I can sort of
keep watch on how much fees... Jay, obviously - being smart, and he's actually giving me
refunds. sometimes, when you trade something, it
incurs overnight fees and weekend fees - you know, every day you hold it, there's a
little thing... Go to the help page - go to the 'Help' section, and type in 'fees'
and you can find a list of all their fees. Other things - it's another thing people
have asked me... Other things actually give you a tiny bit of money back every day
that you hold them... yaaay. Credits - which is amazing. Anyhow... So Jay's invested in
some of them. But that's an easy way to see what fees someone's causing you. Another one - do you
know how I was saying, the other day, that with Jay, I'd put money in, and taken money
out, and I'd used some for trading, and then he'd made me some profit, and I'd traded
something else with that, and I'd messed about with a lot of - with the money that
I had copying him, so when I see 'invested', it sees here...
1473. And I've made that much profit, and the percentage is on that - you see...
But, really, that's not the amount I've invested. If you want to see the sum total of all
the money you've put in, then you've taken some out, then you've put in, then
you've taken out... and you want to see what the real amount of money you have
actually put into that person is - again, you go here - remember the column heading
is 'invested'. You go here - I just go to 'invested', and I can change that to
'net invested' - 'net invested' means 'how much have I really invested in that trader
if I've added up all the money I've put in, then I've taken some money out, then I've put...
'Net Invested' is the result. Again, I click 'X', and now it shows the
net invested - 533.27... Now, it's still calculating the profit and loss based on the
overall invested, which is a bit silly - it kind of could change that. My profit and
loss - $194.09, taken as a result of the net invested,
shows how much profit he's actually made me - it's a lot more than
13.19%... So, two simple things - there's a few things you can customise here
and kind of - you can put a 'Sell' button in... a 'Buy' button - so I can change
the - I can show how much leverage I've got in things, instead of the sell button...
Here - now the 'Sell' button has become 'Leverage' - I haven't got any leverage in
anything, which is awesome... I'm going to change that back - I'm going to change it to
a 'Sell' button. So, there we are... You can customise it - really useful if you want
to check how many fees someone's ... you're worried that a trader you're copying is
costing you fees - just change that to 'fees' and boom... and, if you're worried
about, you know - you've put in money, and taken out money, and you want to see the
real value of what you've taken out and put in, and how much you're copying that
person with, you can just change that to 'net invested', and it shows you. I know
they're simple, but they've been really helpful to me, so I thought I'll pass it on.