Trading Financial markets : eToro

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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Euler
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Sat Jan 06, 2018 4:15 pm

Financials are outstripping sports markets now simply because of the almost unlimited liquidity available. I'm compounding positions so I'm using bigger and bigger stakes as I take new positions. You could easily get into individual positions into tens of millions without a problem. You often get decent dividends on them so passive income is a nice bonus. Still using the sports trading to fund purchase in the market though, so it's a sort of double bubble. I intend to hand over the day to day stuff on the sports to the kids and put my main focus on the big events myself.

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Euler
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Sat Jan 06, 2018 4:18 pm

xitian wrote:
Sat Jan 06, 2018 4:12 pm
Actually some follow up questions might also be interesting, if you will Peter:

Which one, sport or financial investing was more work (time effort)?

Which one was the bigger cause of stress (mental effort, let’s say)?

On sports I just rock up and trade, it's relatively easy to do, but very time consuming when doing it. On the financials I can do it at my leisure but very time consuming in terms of research but I don't have an time or agenda pushed on me. I can decide when I'm in the mood for some digging.

I really see financial market research like being an investigative journalist. I'm constantly researching, digging, poking around looking for information and trying to gain a deep understanding of a business and it's prospects. I'm very much longer term and waiting for an opportuntiy to buy.

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Euler
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Sat Jan 06, 2018 4:20 pm

It terms of stress both are stressful to some point or another, but it's all relative. You also learn to get comfortable with using large sums of money. My biggest position in sports last year was about £250k, but in financials much higher. But both can fly around and make you feel uncomfortable at points, but you get used to that and learn to see through it to a much longer term goal.

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Euler
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Sat Jan 06, 2018 4:24 pm

I can tell you the biggest problem I have is not stress, making a decision or all those ambiguous things, it's time. It's really hard to balance all the time demands out.

RicHep365
Posts: 101
Joined: Thu Nov 23, 2017 9:42 am

Sat Jan 06, 2018 4:46 pm

I use etoro for Crypto's, the spreads are terrible, but it's a nice easy way to get involved. I would never use them for stocks though, much better platforms with much better spreads out there.

Plus the stocks on e toro are limited, I run a momentum strategy and most of the stocks I buy aren't available on there.

sionascaig
Posts: 113
Joined: Fri Nov 20, 2015 9:38 am

Sat Jan 06, 2018 11:02 pm

I struggle to see past the charges & inherent risks... The exchange takes a cut, the platform takes a cut and then you have the spreads & charges for individual trades... The regulation is extremely opaque if it exists at all (Gibralter, Isle of Man, Cyprus seriously - there is a good reason the platforms are based off-shore).

Its a big financial scandal waiting to happen but hee haw you can do about it given the weak off shore regulation.

So have some fun, maybe you will be one of the few who makes a nice profit but be prepared to lose the lot & walk away with a smile on your face. Then again why bother when you can get 6 to 8 bps charge from from a direct investment house based in the UK?

There was an article in the FT a few years ago: https://www.ft.com/content/fa905d08-a60 ... 144feab7de which states that a company offering a copy trading service still needs to ensure that the investments are suitable for customers taking into account their financial & personal circumstances. Did anyone using this feature experience the due diligence from eToro which they are required to provide under FCA licence?

(and that licence may expire unless Brexit allows for European financial passport to continue or some other mechanism)

Feeling better after that rant ) (almost time for some cricket trading !!!)

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ruthlessimon
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Joined: Wed Mar 23, 2016 3:54 pm

Sat Jan 06, 2018 11:35 pm

It's the obscure countries which get me!

Abdul, Pakistan +43%
Nazer, Kazakhstan +21%
Deba, Congo +33%
Jesus, Mexico +62%

As a twisted project, startup an "anti-social trading platform". Seed it with 50,000 bots each trading random strategies. Good chance a couple will be up 20%+ in a year. Then just watch the commisions flow in!! Not a half bad business model :twisted: :roll:

Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Sat Jan 06, 2018 11:38 pm

That's very impressive - that's up there with the likes of Ray Dalio!

What proportion of your bank were you risking per trade?

How does that figure compare with previous years?

Jeff
Euler wrote:
Sat Jan 06, 2018 1:12 pm
You would have been up around 40% last year if I did!

sionascaig
Posts: 113
Joined: Fri Nov 20, 2015 9:38 am

Sun Jan 07, 2018 12:09 am

ruthlessimon wrote:
Sat Jan 06, 2018 11:35 pm
It's the obscure countries which get me!

Abdul, Pakistan +43%
Nazer, Kazakhstan +21%
Deba, Congo +33%
Jesus, Mexico +62%

As a twisted project, startup an "anti-social trading platform". Seed it with 50,000 bots each trading random strategies. Good chance a couple will be up 20%+ in a year. Then just watch the commisions flow in!! Not a half bad business model :twisted: :roll:
Exactly, but they dont even need the bots just a few hundred from the 400k plus members and there will always be someone that appears to be good - same princicple as darren browne's how to win seven horse races in a row - just place a bet on every horse in every race and just show people the winning tickets...

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Euler
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Sun Jan 07, 2018 10:35 am

ruthlessimon wrote:
Sat Jan 06, 2018 11:35 pm
It's the obscure countries which get me!

Abdul, Pakistan +43%
Nazer, Kazakhstan +21%
Deba, Congo +33%
Jesus, Mexico +62%

As a twisted project, startup an "anti-social trading platform". Seed it with 50,000 bots each trading random strategies. Good chance a couple will be up 20%+ in a year. Then just watch the commisions flow in!! Not a half bad business model :twisted: :roll:
I think that's the main problem really, perfectly feasible to make an income by using random portfolios and being on the right edge of the bell curve.

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