Frequently Asked Questions
What’s the minimum I can copy you with?
$500 is the absolute minimum, I would strongly advise copying with more though.To add a new question go to app settings and press "Manage Questions" button.
How much should I copy you with?
I recommend at least $1,000 for an initial investment. For the best performance, I’d suggest $5,000.
How much should I copy with to live off the profits?
There is no garauntee of monthly, or even yearly profits on the portfolio. Although my target profit is 5% per month it is extremely likely that this target will be missed or surpassed numerous times every year.
The best way of estimating how much to invest if you are aiming to withdraw each month is to multiple that sum by 20. For example $500 per month multiplied by 20 is $10,000, meaning $10,000 is the minimum you would need to invest to earn $500 per month assuming I hit my 5% profit target each month
What is the maximum I can copy with?
The maximum you can copy a single trader with is $2M
Should I copy Open Trades or New Trades?
What does Copy Open Trades mean?
What does Copy New Trades mean?
When you begin your copy no funds will be invested in anything until I open new positions. This can take a long time to ramp up for all of your funds to be invested but ensures that every trade is opened at the same time/price as it is for me.
How should I add funds?
Generally I advise using the add funds button rather than uncopying/copying again with open positions. Similar to the copy new trades or open trades topics above there are pros and cons to both ways of doing it.
How should I remove funds?
If you are planning to take out some profit each month/quarter then using the “pause copy” functionality is probably best. It will avoid copying new positions until you unpause allowing you to collect some funds to withdraw without worrying that I may re-invest it before you get the chance. There is no good or bad time to do this really.
When should I copy?
You can copy at any time, thanks to the ‘Copy New Trades’ function. If you intend to copy my open trades then you should wait until the majority of my portfolio is in the red.