Ok time for another post in my series on who to copy on eToro. With so many people on the eToro platform, with different trading styles, it's hard to focus on where to invest your money. So i'm reviewing some of my top picks on people you should look into.
Always remember to do your own research and only copy people who match your investment goals and the amount of risk you're willing to take on.
This review is on DavidGiles, who's had an impressive return of over 60% for the past 12 months.
Return on Investment
DaivdGiles has been trading since 2013 on eToro. His first couple of years on the platform were up and down with returns of -12% and then -3%. But since 2015 he has returned a profit each year.
So far in 2017, DavidGiles is up 34.57%, with not a single month of negative returns.
The most prominent stat of his portfolio is the “holding time”, which is 6 months. This is obviously a very long time for the average CFD trader. DavidGiles primarily trades Stocks, and holds them for quite a while. He doesn't appear to short, or sell any stocks, instead preferring to buy or “go long”. This strategy will have definitely benefited for the bullish stock market over the past few months.
Interestingly DavidGiles also trades digital currencies; Bitcoin and Ethereum. Although these can carry a high degree of risk, he has been profitable on these trades. Again, he has been benefiting from the recent bullish run of Digital Currencies.
The risk score of DavidGiles is 4. Personally I would like to see a risk score of 2-3 for a trader who keeps trades open for such a long time.
So why would you follow DavidGiles? Well if you're looking to profit from the stock market over a long period of time, then this is potentially the type of trader you would be looking to copy. Alternatively, if you're looking to profit from cryptocurrency such as Bitcoin, then this might be an interesting trader to follow. Personally I don't think I'll be adding DavidGiles to my portfolio just yet, as i'm a little concerned with the average holding time but i'm definitely following his profile.
As always, I recommend using your virtual account to try out people you're interested in copying. This way you can see real world results, without needing to risk your real world money.
You can find out more about DavidGiles here