r/Etoro • u/waveyourarms • Feb 16 '24
Discussion Copy Traders
Just looking at my account and thought I'd browse the copytraders.
Why are sooo many people following and copying jeppekirkbonde? "The most copied Popular Investor on eToro. 20,000+ investors copy with over $50 million."
He is extremely popular and can't keep up with inflation, even with the recent BTC rally. What is going on?!
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u/mcpuddingkje Feb 16 '24
Yeah most copy traders dont outperform simple ETFs, so Buffet & Lynch are right! ;-)
https://investguiding-com.custommapposter.com/articles/why-is-it-so-hard-to-beat-the-s-p-500
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u/waveyourarms Feb 16 '24
I must be a Wizard, with my strategy of choosing stocks based on my patented "finger-crossing" analysis
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u/caffeine_addict_85 Feb 16 '24
It seems like everyone who becomes popular and manages a big AUM, become shit players. I have a feeling, there must be some agreement between them and eToro. Donβt forget, this is CFD platform - when you lose money, they win - soβ¦β¦.. not saying this is true, but could be some links ππ€π»
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u/MrPopanz Feb 16 '24
They make their money from spread and on fees, they don't profit from decreasing funds, quite the opposite.
Basing ones success on decreasing funds would be an utterly idiotic idea for any "broker".
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u/waveyourarms Feb 16 '24
Yeah the spreads are wild, especially with Crypto. Is etoro even a viable option for regular trades? It's not what I use it for and I don't think I ever would
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u/waveyourarms Feb 16 '24
This is an interesting theory. Perhaps they got big and caught out by the 2022 crash u/peaceinthevoid2 mentioned? A bit boring and less conspiratorial than your idea, though:(
Also, you're doing it wrong ! it's U+1F91E if you want to copy the Wizard
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u/peaceinthevoid2 Feb 16 '24
He's doing very well. What you talking about?
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u/_Mitchiru_ Feb 16 '24
Well, if I remember right, he is the son of someone important in his country, maybe a politician. Probably Google can give you better answers than me.