[00:02] here are the results that i've made i'm sure most of you have heard of copy trading stocks or forex and if you don't it's basically making buying and selling market by completely following another expert
[00:15] trader and in that case if that trader that you're copying makes a profit you will make a profit in return as well but without lifting a single finger of if you make money that is also later on in this video i will explain why i only
[00:28] copy traded for three days but before i start i do not condone day beginners because it is very very risky for beginner investors not to mention that most day traders actually lose money surprising
[00:42] not really i think so the app that i use to copy trade is naga trader and it's simply because i am just not a fan of etoro i put in a capital of 115 dollars and 15 cents because that is the amount that
[00:55] course i know that i'm exposing myself to tremendous amounts of risk copy trading can really make me a millionaire so let's see if i actually can buy a mansion and a rolls royce at the end
[01:09] of this video on the 6th of july that is on my first day i actually downloaded and i went to try it out so i then went on to make two trades on my own and it turns out to be profitable i guess it was just luck or is it moving
[01:23] leaderboard with their winning rate of about 95 of all of their i really wanted to test things out and see whether if i could make quick easy profits from the people who are trading that are on the leaderboard and turns
[01:38] i was actually very profitable at the first few trades a while later after i leaderboard i actually received a couple of notifications that i was on a four winning trade winning streak and that brought me a
[01:51] profit of 16.76 and after that happened i instantly had out and it is irresistible to think that it is that money life like this sure is sweet huh it definitely is and just when i thought
[02:08] that i was going to reach my millionaire dreams i then went on to copy another five big ass losing trades that lost my account about 74 dollars and 40 cents [Music]
[02:20] [Music] can you guys stop laughing now please yup i know i know please and after that i decided to call it a day because i lost about 50 or more than 50 in just the first day
[02:33] too overwhelming therefore i just stopped copying therefore i just stopped copying everyone and just went to bed instead of july day 2 i could not sleep on that night and you guessed it right i opened
[02:47] up a few trades on my own and turns out i was also profitable but that is not a in this video we're just going to take all the copy trades into accounts and on that day itself i only had one copy trade and that one trade actually lost
[03:00] me about four dollars at 110 of what i put in nope i'm done for today i'll go ahead and continue tomorrow and not want to think about anything at all because at that point i was already down
[03:15] tremendously with my portfolio also here is the cons money you cannot really blame other people for person so on the third day i started to come
[03:28] back even stronger and i decided to go through a few more traders just to see came across this guy ah yes the real name must be hawk green blue yellow red rgb color the hulk
[03:42] i wonder where he's at in the avengers movie when they need it here oh that's right he's actually busy trading and my oh my this guy is a true hero right here i saw the good results that it was consistently bringing in all the
[03:55] after wins and no losers and that was why i only throughout the entire day he actually made a total of 31 trades in one single day and out of the 31 trades that he made with my account
[04:11] i only lost 4 trades and it is not even that big of an amount after losing those and if i'm not mistaken the four losing positions were closed by me because i just didn't want to risk the rest of my portfolio so i can't even say that he
[04:24] my portfolio it was just all myself anyways at the end of that day it brought us to a profit of 10 and 82 cents which is pretty cool for a passive income just like that
[04:37] and if i were to convert it into malaysian ringgit it is about 45 ringgit cents just by doing nothing getting about 45 ringgit and 45 cents by copying sounds pretty good right millionaire dreams was clouding my mind again
[04:52] dreams was clouding my mind again until 36.27 on the deposit slash withdrawal on this accounts sheet yes i got charged with a hefty amount of copy trade fees of 37.36
[05:14] many times i've been charged without me knowing and as you guys can see that it is one dollar 17 cents per winning trade now before you roast me in the comments yes it is completely my fault for not
[05:27] using certain functions on this app but don't you think that one dollar and 17 cents per winning trade is just a little bit too but that's just me i guess and because of that i decided to withdraw all my
[05:41] capital from naga trading back into my bank account and call it quits from copy trading for now but let's calculate the profits that are made trading on this app and if we were to ignore the copy
[05:54] trading fees my total portfolio came down to a loss of 42 dollars and six cents i am never gonna financially recover from this account is at a big loss is because i was new and i was just testing things
[06:07] out on the first day i happened to copy four traders all at once and some of not suitable for my portfolio amount therefore it is not counted in my book as i was just new on the first day and i was quite blurred
[06:21] and i only found a trader that suits my own playstyle on third day but if you guys want to count it go ahead and count it that is when it puts me into a big ass loss of cents so is copy trading profitable the
[06:36] answer from me is a big fat yes yes make sure to go ahead and read the terms and conditions before using certain apps
[06:49] functions or else you would just end up like me capital to the copy trading fees also always test things out with a small different traders until you find the right one before
[07:04] fully entrusting them with your entire portfolio and if you're using a platform like naga trader which charged you a hefty amount of copy trading fees make sure to have a capital of at least a thousand dollars
[07:16] thousand but at least a thousand dollars so that your wins are will not affect so much of your own profit the reason why i lost so much of my money to the copy trading fees is because i was
[07:30] closing my positions at a small win of maybe nine cents fifty cents a dollar two dollars three dollars that is why all of the copy trading fees added up and one shot blow my account out of the window for now
[07:43] maybe sometime in the future i'll continue this series or re-continue my copy trading portfolio as i do see the big potential here single day i'll definitely continue this copy
[07:56] trading series when i have a larger capital but until then i hope you guys make sure to subscribe and turn on the post notifications leave a comment in think about this video what you want to see next with that
[08:09] being said i hope to see you guys in the next video