Just posting these for reference, if anyone is researching social trading platforms where you can follow/copy other traders. I'm not vouching for quality of the platforms or traders, especially as it's difficult to actually find any traders & strategies worth following. Many of listed strategies are trash, but possibly this thread could be a good place to compare and discuss them, or at least may help with being aware of what's out there. Collective2: https://www.collective2.com/selector eToro: https://www.etoro.com/discover/peop...tactivitymax=30&sort=-gain&page=1&pagesize=20 ayondo: https://www.ayondo.com/en/social/find-top-trader NAGA: https://naga.com/leaderboard?distance=-1&people=everyone&time=all_time&type=money_made_by_copying ZuluTrade (Forex): https://www.zulutrade.com/traders Myfxbook (Forex): https://www.signalstart.com/search-signals https://www.myfxbook.com/most-popular-forex-systems (there may be a few others, like StockTwits, but I either couldn't find links to their top traders or they're just more Forex-only sites)
This was at the bottom of one of those sites...now why would I want to follow along? Es 75.9% of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you can afford to take the high risk of losing your money
This may be one specific trader/provider, but I’m not sure. Anyway, you only have two choices: a) follow one with best %returns but not being honest. b) follow one with bad results but being honest. Which one would you choose? Or are there any other choices?
Not a question to give you a hard time but just curious: Your trading strategy listed in any of the social trading platforms?
Why does someone need to follow someone's signal calls (simulator or real money) ? The other choice you didn't mention is... c) Not mimic/copy/piggyback/replicate someone's signal calls. wrbtrader
Nope, but I am looking for ways to stream my trades, even for free. I was thinking of creating an ET journal, but it’s 20-50 trades per day and not easy to follow, as well as not easy to post in real-time unless I could “spam” ET with 50+ automated posts per day. And I have different strategies for large caps vs ETFs vs volatility vs penny stocks. For now I am test posting to Twitter and may finalize that soon, but again, not easy to follow manually. This would be mostly to build rep, verifiable results; and for fun. Though I did look at social trading platforms to see if there is a way for others to auto-copy my trades, but mainly checking if this could be paid/sold based on performance. I only see that C2 allows charging a monthly fee, but that’s not enough if I’d made someone 100%+ per year... (if you PM me I can give you my private Twitter account where I test-post trades)
Some are streaming their trading live on Youtube and Discord. It's free. Some are discretionary traders, some using indicators and some are traders using automated trading systems. They then follow up in the evening with screenshots of timestamp trade fills in their broker trade execution platform instead of just broker statements...the latter typically only shows trades (without the timestamps), commissions/fees and profits/losses. Yet, those doing live stream of their trading...oddly...they have less of a following than someone posting trades on twitter, stocktwits or a forum like ET. I think its because a live stream requires the person to focus more and wait to see when a trade occurs whereas posting signal calls on twitter, stocktwits or ET allows more laziness and fuzy math. Anyways, I don't recommend allowing others to copy/mimic your trades. Regardless, I believe there will be a growing number of traders doing "live stream" of their trading in the coming years instead of posting trades or signal calls on Twitter/Stocktwits/ET or any other social media... Although live stream can still be faked if the person doesn't show the trade fill window or the audit trail window that correlated with the trades that occurred as shown on the streaming chart for the chart traders or streaming DOM for the order flow traders. wrbtrader
If you post an ET journal, you don't have to post all the trades, just the daily summary. Of course then some wise guys will demand you post verifiable outcome with time stamps or call you out as fake. My question really is why bother? If your method is good, just enjoy the fruits of your success in private with your family, no other person needs to know. If your method is not good, why post it? Just keep on working to improve it in private unless you want a lot of ROTFL jokes.
Thank you for the links. I checked the websites, Collective2 refused to let me visit without signing up, so cannot comment. On eToro, ayondo, NAGA and ZuluTrade I didn't see any traders with long term (>2 yrs) earth shaking returns .
I don’t actually have interest in trading. My job is to build internet and technology companies and scale or sell them. That’s what I’ve done in the past. Now I need to beat companies like Virtu and Rentech, and either build a $billion dollar trading company, or a fund, or sell my tech for $1B+. If I just trade in private then no one will know what’s possible, or that such tech even exists. And I have some ideas for consumer/retail trading space as well. Live streaming on Twitch or YouTube won’t work because indeed that type of streaming is boring. I do stream to Discord and Telegram for my friends and family, and they’re having fun trading, but cannot follow fast enough, so I may have to setup a fund just for them. But when you have great technology then not utilizing its full potential would be like building Facebook and then using it privately between friends instead of turning it into huge business. If you’re good at something that not using your skills to full extent may be the worst thing you can do. (I still need couple months of work to revamp my system, so for now my trading can sit somewhat dormant)