About me – PassionForProfit on eToro
I am a full-time trader and a Cadet Popular Investor on eToro.
You can find my portfolio under the name PassionForProfit.
Trading and investing play a key role in my life because it allows me to be more independent and having control of my finances makes me feel successful.
You can find below relevant information about my investment portfolio.
Investment Strategy
I use fundamental and technical analysis.
My strategy is to open new positions based on the market momentum and I tend to close positions only in profit.
I am aiming to keep the risk below 6.
My portfolio includes U.S. Stocks (tech and growth stocks), ETFs, crypto, commodities and cash.
I rebalance the portfolio periodically, depending on the market conditions. I don’t use leverage.
Portfolio Allocation
Mainly U.S. tech stocks, ETFs, Crypto and a small exposure in gold, and silver. I always have some cash in my balance that I use to open new positions at the right time. Please note the following percentages of exposure, allocation and risk might change, depending on the current market conditions.
Portfolio Risk Score
The current risk score of my portfolio is 6 and I’m aiming to keep it at this level.
Holding period for investors
Medium to long-term investment: more than 2 years.
Portfolio’s Performance
YTD: +41.84%
2023: +11.34%
2022: -22.54%
2021: +7.09%
Copiers and AUC
Currently, 20 people are investing in my portfolio and I have less than $50,000 of assets under copy.
Follow the step-by-step instructions below
Requirements to start
- A bank account or a credit or debit card
- Capital ready to invest in your account
- A copy of your ID (front and back) such as a passport or driving license
- A recent proof of address like a copy of your bank statement or a utility bill where is possible to see your full name and the full address
Registration
If you are new to eToro you can register for free by clicking the following link: eToro
Type your Username, email and password And then click on “Create account”
Login
Once you have completed the registration, confirm your email address and access the eToro website using your username and password
Deposit
Once you have logged in, click on “Deposit Funds”, on the menu on the left-hand side.
Verify your account
Since you are a new user, only the first time you will need to provide some personal information in order to verify your identity. Fill in your info as in the example screenshots below.
Type Name, Surname, Gender and Birthday
Insert your address, City, Country, Place of Birth, Citizenship and National Insurance number.
Once you submit your answers, the eToro team will verify your info and approve your account (it might take days). In the meantime, you should be able to start investing up to 2000 EUR. After the verification, you can deposit additional funds without limits.
Deposit funds
Click again on the “Deposit Funds” button, insert the amount you want to deposit, select your currency and choose your preferred payment method.
Once your payment is confirmed, you can see the amount deposited in USD at the bottom of the Portfolio page. Now you are ready to invest.
Copy trader
On the search bar on the top, type “PassionForProfit” and click on my profile.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
It will appear a popup message, only for the first time. Just click on Confirm to continue.
Type the amount you want to invest, click on “Edit”, then click on “Ratio”. On the ratio box, select 5%.
Tick the box “copy open trades” and confirm.
Check portfolio performance
Once the copy is started, click on Portfolio from the menu and you will see a row indicating the amount invested and the actual profit/loss.
When you open the copy for the first time you will see a performance of about -2%. This is normal, it’s because of the spread between the buy and sell prices. It will go into profit in the upcoming days.
You can check the status of the investment from the Portfolio page. You can also check from the mobile app.
Just to remind you that this investment is for the long term (months or even years), so you don’t really need to check the performance every day, you can check once a month for example.
How to add new funds to the copy
When you want to add more funds to the copy, click on the wheel icon on the right-hand side of the copy and click on “Add Funds”.
Choose the amount to add and click on “Deposit Now” Remember to tick the “Copy Open Trades” box.
Investment Strategy
• I suggest investing at least 2000 USD, in order to get a better return. Anyway, I suggest you add new funds each month.
• I also suggest keeping the capital invested for at least 1 year. I recommend investing only the money that you don’t need for your necessities, however, the capital can be disinvested and withdrawn at any time.
• You can deposit and withdraw the capital in any currency (euro, pound, dollar, etc), but the capital will always be converted into USD (dollars)
• You can deposit and withdraw via bank transfer or debit/credit card
How to remove funds from the copy
If you want to remove funds from the open copy, click on the wheel icon on the right-hand side of the copy and click on “Remove Funds”
Choose the amount to remove from the copy and click on “Update”.
How to withdraw funds
From the menu on the left click on “Withdraw Funds”.
Choose the amount to withdraw and click on “Continue”. You might be charged a fee of $5, depending on your account. The minimum amount is $30.
You will get the capital back into your bank account in a few days.
If you have any questions or need support about this opportunity you can contact me via email or social media channels.
Please read the disclaimer as I am not a financial advisor.