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i joined etoro in august 2020 so exactly
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a year ago in this year i made several
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mistakes but i can also proudly say that
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the majority of my decisions were good
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and i'm very much satisfied with the
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results so in this video i would like to
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share with you both sides the things
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that i regret doing and the things that
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i'm proud of and i hope that after
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watching this video you will learn on my
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mistakes and if it helps some of you to
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not repeat my mistakes and to eliminate
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some of them before making them then i
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will be very happy because it will mean
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that my video was useful for at least
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some of you so keep watching this video
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if you want to achieve better results on
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etoro quicker
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hello guys and welcome back to my
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channel my name is anastasia on this
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channel i talk about investing and
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especially investing for beginners this
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video in particular is going to be about
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etoro etoro is an invest in platform
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which is great for beginners for its
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feature which is called copy trading
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which allows you to copy other more
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professional and more experienced
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traders that's why i think it is perfect
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for beginners but obviously if you are
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an experienced investor or trader then
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you can also join the popular investor
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program and get paid by etoro if you are
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a beginner and you want to join etoro
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for the purpose of copy other traders
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then it is completely free so it is a
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win-win situation the copy trading
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feature was the main thing the selling
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point at least for me which made me
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register on tutorial on the first place
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and since then i obviously made some
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mistakes that i'm going to talk about in
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this video but before i start to have a
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better understanding of what i'm going
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to talk about and why i think it already
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so good you can watch this video here
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where i talk about my profile update of
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the second quarter of 2021 and i think a
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lot of mistakes my mistakes will become
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much clearer for you if you are my
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subscriber and you've already seen that
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video then i think the majority of
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things that i'm going to say will also
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come logical but i also think that some
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things that i'm going to mention will be
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completely new i also want to say that
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all of these actions they are
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the experience that helped me learn
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faster and i can proudly say that in the
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future i think i'm not going to make the
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majority of them because i've learned my
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lesson but it cost me some money and if
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you watch this video it is completely
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free and if you learn the same lessons
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based on my mistakes well then it was
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completely free for you which i'm very
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happy about also i am not a professional
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financial advisor and i'm only talking
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about my personal experience things that
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worked or haven't worked for me can work
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for you so don't base your decisions
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only on what i'm going to say think for
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yourself and trust yourself because this
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is literally the best thing that you can
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do
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[Music]
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okay so let's start with the things that
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i would have done differently and the
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thing number one is i wouldn't invest
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into individual stocks and shares i
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would say that i probably wouldn't
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invest into individual stocks and shares
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at all and concentrate on copy trading
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and investing into funds and indexes but
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honestly some of the bluetooth companies
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that i invested in have performed well
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so i'm mainly talking about the meme
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stocks and some penny stocks some
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unknown companies that
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i heard about or i read about because as
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you know etoro also allows you to read
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and communicate with other traders see
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what they have to say about companies
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the companies that you are interested in
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and it's a great feature you can ask
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questions and you can get some advice
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and recommendations from other people
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but at the same time the mistake that i
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made was to rely and in general think
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that everybody else on etoro is cleverer
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than me just because i was a beginner
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now i definitely can say that i wouldn't
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follow the crowd and i wouldn't invest
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into the companies just because i heard
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about them or because someone else said
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and someone else is not warren buffett
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right they were people who i've never
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heard about so just because someone else
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said that a company has a good future i
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definitely wouldn't follow this advice
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and i wouldn't invest into these
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companies i made this mistake on several
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occasions i invested into meme stocks
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such as gamestop which obviously was the
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most popular one but also some medical
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companies naked group and so on you will
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definitely see and understand what i'm
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talking about if you watch the video of
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my profile update those are the stocks
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that have performed the worst and the
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second thing that i would have done
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differently is connected to the first
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one so obviously i had a certain sum
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allocated for investing through return
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and this sum i later divided into two
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parts and with one part i started copy
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trading and the second part i invested
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into individual stocks and shares so
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obviously now by looking at the results
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that i have on etoro
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i would have invested everything or
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almost everything into copy trading
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obviously again it's connected to the
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fact that i wouldn't have invested into
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individual stocks and shares so that
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money would have gone into copy trading
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again if you look at my results and my
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other videos about etoro and i've made
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several that's why i'm not gonna mention
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this result in this video because they
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haven't changed much since my last
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update but you will see that the biggest
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profits i gained from copy trading and
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the biggest losses i had from the
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individual stocks and shares that i
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bought but the thing is i originally
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invested etoro for copy trading and this
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is what i did at the beginning and then
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i saw good results and i thought that i
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liked the adventure and i'm prepared to
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take higher risks so this is when i
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decided to buy my individual shares
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which i should have never done if i
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concentrated solely on copy trading if i
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trusted more the people who are more
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experienced and more professional than
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me then of course my results would have
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been better okay the third big mistake
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is trying to look up some of the profits
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that some popular investors have shown
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when i just registered i started to
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check my profile every second hour of
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the day and when i saw that some popular
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investor i don't want to tell you the
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names but it doesn't really matter one
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popular investor has started showing
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good results and i decided to withdraw
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and this is the first time i'm sharing
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this information about myself because i
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think it was this most stupid and the
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biggest mistake so i decided to withdraw
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money which would be enough for me to
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withdraw money completely off etoro
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which was five dollars and i know that
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there is not much logic behind it but
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this is what i did so that's why it's
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something that i have to talk about in
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this video i've withdrawn so i've
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manually closed certain positions um
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just to withdraw six dollars and i don't
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see the logic behind it right now but
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the sort of my way of thinking at that
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point was when i decide to withdraw
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money completely i will not feel like i
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lost five dollars because this is five
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dollars that i gained through etoro so i
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didn't win anything and i also didn't
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lose anything now when i see how the
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compound interest works obviously it was
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a mistake because the more money you
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have in it the more money you will make
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so
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that is definitely the thing that i
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wouldn't do anymore and the fourth
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mistake it's not a mistake but it's just
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something that i would definitely do
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differently is when i chose my popular
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investors from the very beginning i was
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paying a lot of attention at how many
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followers and how many copies each one
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of them had i saw in this year a lot of
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popular investors gaining a lot of
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followers and then losing them as quick
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as they gained them as soon as their
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results were not as great as before i've
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seen many times in this last year it's
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already promoting certain popular
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investors and as soon as it starts
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promoting these investors the number of
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copiers of this person just shoots up so
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quickly and if you happen to be looking
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for a new popular investor
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around this period of time you will
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think that this popular investor is
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super popular and obviously is very good
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and i don't say that the number of
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copiers is not important i still think
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it is very important because obviously
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it means that
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a lot of people trust this person with
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their money with their funds but it has
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nothing at all to tell you about the
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actual performance of the popular
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investor and some popular investors had
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great results and great history in the
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past and then all of a sudden they just
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had a horrendous month or half a year or
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even a year and so lots of people just
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like you know a crowd a crowd that's
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just following each other following high
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returns and doesn't think for themselves
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just start copying a certain person then
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all of a sudden everybody stops copying
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the same person i don't want to tell you
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the names of these popular investors
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because it's not that important it's
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just the general idea of following the
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crowd what i would have done differently
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i would trust myself more because if the
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things that a popular investor
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tells us in his bio resonate with how i
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think and my beliefs then i think it is
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a good idea to invest into this popular
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investor even if he is completely new
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again if you watch the video where i
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make an update on my portfolio you will
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see that some popular investors who have
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a lot of followers and
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very long history don't show any results
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and they are as a loss and have been
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following them for some time and they're
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still at a loss but some other popular
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investors who have only like 10 to 20
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followers or copiers they show great
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results and they've been pretty constant
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so this experience has shown me that it
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is more important to look at the history
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of the popular investor
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and read their bio most importantly
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reads their buyers see which companies
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this popular investor invests in rather
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than just look at the number of copies
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okay guys so these were the mistakes
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that i've made and remember that i'm not
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a financial advisor so this is just my
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experience and i would be happy if you
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told me in the comments about your
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experience the good and bad things that
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you've done on etoro things that you
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regret or since that you are proud of
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doing and now i'm going to tell you
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about the good decisions that i made and
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something that i would definitely repeat
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in the future
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[Music]
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number one thing is starting with a
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virtual account one of the best
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decisions that i've made so far before i
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started trading with real money i had my
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virtual account there for a month or two
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months again it's important here not to
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get stuck with the virtual account for a
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long time being scared of investing real
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money because the first deposit at the
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moment is fifty dollars for many
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countries and it is better to make your
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fifty dollars work fifty dollars is not
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a big sum for the majority of us so the
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danger of starting with the virtual
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account is to get stuck with virtual
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money and just see it as a game rather
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than make your real money work for you
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for real but definitely start with
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virtual account and start
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copying people or investing into
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individual stocks and shares with your
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virtual money the good thing about it is
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that you will learn
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how the platform works you will feel
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more confident the second good thing
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about starting with virtual account is
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that you will feel more confident
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investing into certain popular investors
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you are given a whole of 100 000
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so you can invest 200 dollars which is
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the minimum size of copy trading into as
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many popular investors as you want and
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then you will see how they perform and
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it's not only about the performance
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right but it's also about the
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communication how this popular investor
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communicates with their copies the
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updates that they make and you will
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learn a lot of things trust me you will
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learn a lot of things and when you are
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prepared to start investing real money
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into your popular investors you will
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also feel much more confident and you
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will not repeat my mistake that i was
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talking about at the beginning of this
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video where i invested only 200 into j
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nemesis originally because you will feel
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more confident you will have more trust
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in jain nemesis to invest more money
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into him and then it's up to him to
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close trades open trades and so on the
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second thing that i would do the same is
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spending a lot of time choosing my
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popular investors i've done a lot of
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research before i invested any money
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into anyone and this is what made me
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trust the popular investors and also
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trust my own decisions i didn't stop
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copying anyone and i even got a comment
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from j nemesis under one of my videos
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who said that i have a good selection of
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popular investors which obviously gave
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me more belief that my choices were
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correct some of them are at a loss but i
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still hope that they will recover in the
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nearest future but so far i haven't
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regretted choosing the popular investors
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who i ended up choosing and the key to
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that was a very very deep research that
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i made at the beginning and this is
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going to lead us to the third decision
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that i also don't regret and i'm
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actually quite proud of
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this is me not hoping and not expecting
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quick results i understood from the very
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beginning that etoro whether it's
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tutorial or any other investing platform
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is not a way to get rich fast and this
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was i think a very good decision because
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i understand that markets are
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unpredictable right now and i understand
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that the popular investor can do only
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this much and the rest will always
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depend on the market whether it's a
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popular investor and him trading
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constantly whether it's an index that
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i'm investing in or a fund it doesn't
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really matter because at the end of the
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day it's a free market and one person
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unless you're elon musk doesn't make a
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big difference on a big scale so making
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this decision and agreeing with myself
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that i'm holding my money and my
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investments in etoro for a long term has
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helped me massively in the sense that i
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never felt too sorry for the money that
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i lost because i knew that over a long
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period of time it will probably recover
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and i still keep on thinking the same
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way and even though at the moment i'm at
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a profit there were times when i was at
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a loss but i never panicked even when i
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was minus a thousand dollars so here we
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go guys i hope you found this video
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useful and if you have any more thoughts
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that you would like to share with me or
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some questions then please leave them in
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the comments below this video
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also if you want to register on etoro
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you can use the link that i'm going to
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leave in the description box below this
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video this is an affiliated link which
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means that if you register through that
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link i will get some commission for that
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if you decide to do that then thank you
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so much but anyway if you don't then
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thank you so much anyway for watching
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this video and for spending your time
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today with me i hope to see you soon in
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my next videos bye bye
