The Grand Plan

So I thought I had best let you guys no about a bit of an update. I have decided to invest again, with another $100. I am still with my initial copy on Etoro, Andre, and I am more than pleased with his trading. However it is all part of a bigger plan. I want to copy maybes up to ten traders over the next year, at the same time.

The theory behind my long term plan is that if I invest in ten different traders with $100 it will mean less profits for myself but less risk overall. Whereas if I invested the whole $1000 into Andre and he blew all his cash so would I. Not that he would,

I am just completely theoretically speaking here. In fact Andre is probably a really bad example of someone who would blow my cash as he is a really low risk trader.

I also want to have a bit of diversity about my portfolio. I am not just going to invest $100 into the top ten lowest risk traders on Etoro. That isn't the name of the game, many elements of trading come down to luck. I've read somewhere that it is 70% skill 30% luck, a fact many top traders will probably deny. At the end of the day the motto stays true. With risk comes reward.

So with my philosophical explanation done with, im going to tell you about my next investment. Hoju Chae is a South Korean very high risk trader, however if you look at his stats they speak for themselves. He is already up 264% this year alone and is yet to have a month in the red in 2015. I invested $100 in him the day before yesterday and boy has he been busy. Making somewhere around 30 trades so far. He mainly deals with the USD/JPY market but has been dabbling in the EUR/USD as well. I am yet to see massive results but as always with these things I must give it time. I will keep you all informed.

I want to add that I am only investing in high risk high leverage projects because I have the disposable income available to do so. If you want to have a crack I still suggest a demo account or looking up low risk traders to start with. I can always point you in the right direction. Also don't forget if you are going to sign up with Etoro you use this link, http://etoro.tw/1bQkoNK as it will get you some free cash to start your portfolio with. Only a fool would miss it.