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How does the "copy open trades" additional option work when opening a copy or adding funds?

  • Writer: Tomasz Tomczyk
    Tomasz Tomczyk
  • Jan 13, 2021
  • 1 min read

Updated: Jan 28, 2021

If you select this option when opening a copy, the system will buy all already open positions of the copied wallet for you. This means that even the items previously purchased by the copied investor will also be found in your copied portfolio.


If you leave the "copy open trades" option unchecked, the system will transfer your funds to the copy, but they will be spent only when the copied investor purchases new items. The old ones will not be copied.


What does this really mean?

Many people are "afraid" to open "old" positions of a copied investor, because they have often shown significant gains in the past, so they can be expensive now. Therefore, they prefer to wait for the newly opened positions because they think that the investor will spend their funds (together with his own) cheaper than copying old positions. Sometimes this approach makes sense, but the key is always the assessment of the strategy of the copied investor and the period of time for which we plan to invest.


If we agree with the investor's strategy and we intend to invest for a longer period (at least 1 year) then we should also copy the previously opened positions, because they certainly contain important elements of the copied strategy. Buying only future positions will therefore not fully reflect the investor's strategy.



 
 
 

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© 2021 by Tomasz Tomczyk

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