How to pick the perfect eToro trader to copy

This post is going to help you chose who to copy on eToro. If you don’t know about the CopyTrader system, I recommend reading this post on eToro CopyTrader, then come back here.

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67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Note that this does not apply to US Users and eToro USA LLC does not offer CFDs.

I’m going to go through my personal search filters for who to copy on etoro.

I’ve already gone through an in-depth review of the Copy Trader system. This was just one section that I thought needed more detailed analysis.

eToro Copy Trader filters

One thing to note is that these are my personal filters – you may have a different risk tolerance or want to focus on a particular market trader on the etoro app. Hopefully, by selecting the right filters and asking who should I copy on etoro, you’ll be able to make money off etoro.

These are my personal filters I would choose if I was to copy someone:

1. Time Period = Last 12 Months
2. Status = Verified
3. Country = Anywhere
4. Name + Picture = Profile Picture
5. Copiers = n/a
6. Copiers change = n/a
7. Copy AUM = n/a
8. Return = > 10%
9. Profitable Months = >50%
10. Profitable trades = n/a
11. Risk Score = 1-6
12. Daily Drawdown = <5%
13. Weekly drawdown = <10%
14. Allocation = Crypto <25%
15. Average Trade Size = <4%

Why these filters?

I’ll go through why I chose or didn’t choose particular filters.

1. Time Period = the trader should have been trading for at least the last 12 Months
2. Status = more peace of mind if the trader is verified by eToro
3. Country = Anywhere – location shouldn’t matter.
4. Name + Picture = gives the familiarity of putting a face to a name
5. Copiers = numbers shouldn’t matter
6. Copiers change = changes shouldn’t matter
7. Copy AUM = doesn’t matter
8. Return = You should expect a greater than 10% return for the last 12 months
9. Profitable Months = >50% to show they are winning most months in their trading
10. Profitable trades = this shouldn’t matter because the data isn’t reflected properly. The trader could have 9 x 1% winning traders but lose 75% on just a single trade. It will show that they have a 90% profitable trade rate. Plus you don’t know what the $ amounts per trade are
11. Risk Score = 1-6 which is normal for a Popular investor
12. Daily Drawdown = <5%
13. Weekly drawdown = <10%
14. Allocation = Crypto <25% – I chose this because crypto is traditionally the most volatile without taking into consideration leverage. You can adjust to suit your trading style
15. Average Trade size – traders should not be using more than 4% of their equity per trade (5% max)

I’ve used the above filters on the virtual account of the etoro app, to answer the question – who should I copy on eToro – so go check out my etoro top copy trader competition and see who was the best etoro traders to copy in 2019. Is there anything I’ve missed or something that you do differently?? Let me know in the comments 🙂

Thanks for reading my post and hopefully I’ve helped you answer who should I copy on etoro.

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Disclaimer: Please note that some of the above links are affiliate links. They don’t cost you anything but I may receive an incentive if you click on it.

Please note that none of the above is financial advice. I have not taken into consideration any of your financial situation(s). Please do your own research when looking at the stock market and seek a licensed professional’s advice before committing.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.