Saturday, March 18, 2017

Portfolio Review and adjustments 18.03.2017

When I first deposited money on my account, I received credits from eToro. After six months they have now been deducted which forced me to rearrange my portfolio. Here is my current portfolio status:

CopyTrading: -15,14%
ManualTrading: -8,11%
Overall: -12,01%





Portfolio status without credits

So far I have calculated the relative profit for my portfolio reviews based on my own capital plus the eToro credits. In the beginning I didn't know, that the credits will be deducted. I knew I couldn't withdraw them but I thought they would stay in my account until they are completely used for spread and fees. Another lesson learned. Anyhow, the stats shown above show my real trading results, no matter whom the starting equity belongs. These numbers also match the portfolio stats on eToro.

When I want to look at the real performance of my portfolio, I need to calculate the relative profit solely based on my own withdrawable capital. Since the absolute profits stay the same and my own capital is less than the overall equity, the numbers are now bigger (unfortunately):

CopyTrading: -21,15%
ManualTrading: -11,67%
Overall: -17,02%




Rearranging my CopyTrading portfolio

In order to keep the ratio between CopyTrading and ManualTrading constant, I had to reduce my investment in CopyTrading. This is how my CopyTrading portfolio looked like last weekend:



In general there were two options how to reduce my investment: Remove funds from every trader or stop copying the least successful traders. I decided to go with the second option and stopped copying those traders during the last week:

@Jarodd76
@Tsord2011
@chocolate007

As you can see I made one exception: @moosgruber is currently the least performing trader in my portfolio. That was both, surprising and disappointing, since he was the second best trader in my first line up (check out this post for more details). Emotions are not a good trading indicator, but I still followed my heart by giving him another chance. So these are the five remaining traders in my portfolio:

@berrau
@cookie79
@TradeBetter
@smartandsocial
@moosgruber

I believe this is a good setup and I expect them to trade profitably and bring my CopyTrading portfolio back into green.

ManualTrading

For those who have followed me on eToro have probably realized, that I haven't been very active recently. As I haven't been successful with my trading strategies so far, I decided to focus more on developing a solid strategy rather than practicing with real money (for example I adjusted my backtesting tool and tried optimizing my copper trading strategy). I do have a lot of ideas in my mind and whenever I find the time I will give you an update on my blog. So stay tuned and don't hesitate to give me some feedback!


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Related posts:
Strategy backtest pt.10 - copper trading strategy
Portfolio Review 18.02.2017
Getting started with Metatrader 5
copper trading strategy
Portfolio review 14.01.2017
Getting out of sync @CopyTrading pt. 2 - 13.01.2017
portfolio review 01.01.2017
Portfolio chart analysis 22.12.2016
Rearranging my CopyTrading portfolio cw50/16

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Important remark: The results presented above and throughout my blog are no recommendation for your trading! I only share my personal findings and opinions to give ideas and let my followers and copiers know what I am currently working on. I can not guarantee the correctness of my calculations and my presented results. Furthermore past performance is not an indication for future results. Only trade with money you are prepared to lose! 

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