[00:00] i tried copy trading for three days and 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 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 in this video i will explain why i only copy traded for three days
[00:30] but before i start i do not condone day trading or copy trading for most beginners because it is very very risky for beginner investors actually lose money surprising not really i think so the app that i use
[00:44] 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 course i know that i'm exposing myself to tremendous amounts of risk
[01:00] millionaire so let's see if i actually can buy a mansion and a rolls on my first day i actually downloaded this naga trading app
[01:14] 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 winning rate of about 95 of all of their total winning trades i did that because
[01:30] small passive income profits from the people who are trading that are on the leaderboard and turns out i was actually right started copying these people on the leaderboard i actually received a couple
[01:46] of notifications that i was on a four winning trade winning streak and that brought me a profit of 16.76 and after that happened i instantly had a millionaire dream from my mind coming
[01:58] easy to make money life like this sure is sweet huh it definitely is and just when i thought that i was going to reach my millionaire
[02:10] dreams i then went on to copy another five big ass losing trades that lost my account about 74 dollars and 40 cents [Music] can you guys stop laughing now please
[02:24] 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 therefore i just stopped copying everyone and just went to bed instead
[02:41] moving on to the second day which is 7th of july day 2 i could not sleep on that i was also profitable but that is not a point because in this video we're just going to take all the copy trades into accounts and on
[02:56] that day itself i only had one copy trade and that one trade actually lost me about four dollars at 110 of what i put in i'll go ahead and continue tomorrow and that night i just went to sleep i did
[03:12] tremendously with my portfolio also here is the cons you cannot really blame other people for losing your money because you were the
[03:24] so on the third day i started to come back even stronger and i decided to go through a few more traders just to see who suits my trading style and i finally came across this guy ah yes the real name must be
[03:38] hawk green blue yellow red rgb color the hulk 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
[03:51] right here i saw the good results that it was consistently bringing in all the and no losers and that was why i only copied him throughout the entire day he actually made a total of 31
[04:06] trades in one single day and out of the 31 trades that he made with my account i only lost 4 trades and it is not even that big of an amount after losing those positions were closed by me because i just didn't want to risk the rest of my
[04:22] portfolio so i can't even say that he was the one who made losing trades for 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 about 45 ringgit and 45 cents by copying other people's trades sounds pretty good right millionaire dreams was clouding my mind again
[04:52] this happened yes there is a negative 36.27 on the deposit slash withdrawal on this accounts sheet yes i got charged with a
[05:05] hefty amount of copy trade fees of 37.36 and if we were to scroll up this is how many times i've been charged without me
[05:17] 17 cents per winning trade now before you roast me in the comments using certain functions on this app but don't you think that one dollar
[05:32] and 17 cents per winning trade is just a little bit too of that i decided to withdraw all my capital from naga trading back into my bank account and call it quits from copy trading for now but let's
[05:47] calculate the profits that are made throughout the three days of copy trading fees my total portfolio came down to a loss of 42 dollars and six cents i am never gonna financially recover from this
[06:02] was new and i was just testing things out on the first day i happened to copy four traders all at once and some of them were even taking on risks that are not suitable for my portfolio amount therefore it is not
[06:17] counted in my book as i was just new on the first day and i was quite blurred 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
[06:33] cents so is copy trading profitable the answer from me is a big fat yes yes but if you are eager to try out copy trading then
[06:46] make sure to go ahead and read the terms and conditions before using certain apps stupid ass clown who lost most of my capital to the copy trading fees also always test things out with a small percentage of your portfolio and
[07:00] different traders until you find the right one before 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
[07:12] sure to have a capital of at least a thousand dollars a thousand dollars so that your wins are much bigger and the copy trading fees 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] continue this series or re-continue my copy trading portfolio as i do see the big potential here making small and passive gains every trading series when i have a larger capital but until then i hope you guys
[08:00] post notifications leave a comment in the comment section below on what you being said i hope to see you guys in the next video