Why is copy trading dismissed by so many investors?

sevenhills

Joedavis said:

But it is 3000% up. I'm as surprised as anyone. 

I am up 35% with Synthomer, a recommendation from a magazine, I have only held the share a couple of weeks and there is very few news articles about why the sudden increase occurred.
The figures looked good to me, but I am just an amature, hope I sell at the right price

enthusiasticsaver

I suggest you check a few posts on the DFW forum for people "trading" who ended up in massive debt.

I would assume this pretend portfolio has been manipulated  by selecting a time period which makes it appear to have performed successfully.  I think copy trading is just gambling and would not entertain it. If it was that easy don't you think that millions of investors would be doing it and making huge gains? The figures above indicate that she has not been doing that great. 

To answer your question though I think many investors dismiss copy trading as they perceive it as risky and on balance investors only invest as per their risk profile and not many of us want to rely on luck when it comes to investing money. I also look for transparency when investing and if most of that is invested in crypto that is notoriously volatile. 

I see the other end on DFW of the ones making losses. There is one this morning sitting on £70k trading losses. 

Joedavis

callum9999 said:

Joedavis said:

callum9999 said:

Joedavis said:

InvesterJones said:

Joedavis said:

InvesterJones said:

Sounds like you got lucky if you picked an investor who also happened to get lucky. Have any of them managed it twice though? And what are they investing in?

Crypto mostly. But the thing is, she's managed this through a period where crypto has been in the mud. 

Check your numbers carefully in that case, they don't look like they've made 3000% returns in the last two years.

But it is 3000% up. I'm as surprised as anyone. 

Assuming that's accurate, you must have therefore "invested" at a point where she had made an enormous loss, which she has managed to recover.

But for the second time, her ability to have done that once doesn't mean she can do it again. There's a reason why everything is plastered with disclaimers about past performance not predicting future performance - no matter how much you want to believe it does, despite literally being shown month after month of her producing losses. 

Well yeah. Crypto goes up and down. She's got an extremely good record of navigating through the down periods. I obviously wouldn't invest with her now as it's peaking but I'll certainly consider doing so in the next dip. It's amusing that you're so determined to believe the figures are wrong. 

It's amusing that you're so desperate to sell her as the Messiah.

I've questioned the figure ONCE - because it's an absurd figure that isn't corroborated by anything whatsoever. How on Earth is that "determined to believe it's wrong"? It's called critical thinking - perhaps that is why you're struggling to understand this, you don't use any. 

Haha I'm not trying to endorse her in anyway. I came here for help understanding copy trading and the profits in a virtual trade. I haven't heard that virtual portfolio shows fake figures. I think that's highly unlikely too. 

You can make more personal insults if you like! 

callum9999

Joedavis said:

callum9999 said:

Joedavis said:

callum9999 said:

Joedavis said:

InvesterJones said:

Joedavis said:

InvesterJones said:

Sounds like you got lucky if you picked an investor who also happened to get lucky. Have any of them managed it twice though? And what are they investing in?

Crypto mostly. But the thing is, she's managed this through a period where crypto has been in the mud. 

Check your numbers carefully in that case, they don't look like they've made 3000% returns in the last two years.

But it is 3000% up. I'm as surprised as anyone. 

Assuming that's accurate, you must have therefore "invested" at a point where she had made an enormous loss, which she has managed to recover.

But for the second time, her ability to have done that once doesn't mean she can do it again. There's a reason why everything is plastered with disclaimers about past performance not predicting future performance - no matter how much you want to believe it does, despite literally being shown month after month of her producing losses. 

Well yeah. Crypto goes up and down. She's got an extremely good record of navigating through the down periods. I obviously wouldn't invest with her now as it's peaking but I'll certainly consider doing so in the next dip. It's amusing that you're so determined to believe the figures are wrong. 

It's amusing that you're so desperate to sell her as the Messiah.

I've questioned the figure ONCE - because it's an absurd figure that isn't corroborated by anything whatsoever. How on Earth is that "determined to believe it's wrong"? It's called critical thinking - perhaps that is why you're struggling to understand this, you don't use any. 

Haha I'm not trying to endorse her in anyway. I came here for help understanding copy trading and the profits in a virtual trade. I haven't heard that virtual portfolio shows fake figures. I think that's highly unlikely too. 

You can make more personal insults if you like! 

Saying you don't use critical thinking isn't a "personal insult" - it's a description of your behaviour... Though if you're that sensitive, maybe don't describe my position as "amusing" - not least when you apparently can't even be bothered to look at what it is before doing so.

I didn't say it showed fake figures (what is it with you and your inability to process basic English!?), where's this critical thinking you supposedly have?

You've been told several times why people don't blindly copy randomers on the internet yet keep arguing against it with nonsense phrases like "crypto goes up and down" (well, duh). You seem surprised that she's continually posting losses. You seem unaware that having to try and time the market in order to make money off her trades is an issue. Your latest claim that you "obviously wouldn't invest now" is incredibly bizarre given it directly contradicts your assessment of her ability to make good trades (it shouldn't matter whether a certain crypto sector is peaking, you can always make more if you know the correct trades - people still make millions through steep downturns). I am seeing absolutely no attempt whatsoever to think about this critically.

If you want to lay out your thoughts and prove me wrong that would be great - my assessment is obviously only based on what you are writing here, perhaps it's not a fair reflection of your thoughts and you'd like to correct the record?

Malthusian

enthusiasticsaver said:

There is one this morning sitting on £70k trading losses. 

What's his name? I'm going to copy his trades and buy the dip. Guaranteed easy money!