My Review of Jay Edward Smith on eToro: Unveiling My Copying Experience. By Edward Suyargo, eToro User
In this detailed review, I’ll provide insights into my firsthand experience of copying Jay Edward Smith on eToro. Covering the period from September 2023 to November 2023, I’ll delve into specific details such as copy performance, pros and cons, and a comprehensive overview of Jay Edward Smith’s trading strategy.
Initial Investment: 1000$
Realised Profit / Loss: -41.13$
Profit / Loss After Fees: -46.13$ (factoring in 5$ withdrawal fees)
Actual Profit / Loss: -4.61% loss compared to the reported 0.93% gain on eToro
Overview
Pros and Cons
Is it Worth it for Future Copiers?
Considering the pros and cons, future copiers should assess their risk tolerance, investment goals, and preferences. Jay Edward Smith’s trading strategy, rooted in fundamental analysis and ethical investing, provides a stable and reliable approach. However, potential copiers should be aware of discrepancies in reported gains and consider the impact of any changes, such as the transition to the Elite Pro tier.
Copy Performance
Reported vs Actual
| Time | Earning Reported on eToro | Actual Earnings |
|---|---|---|
| September 2023 | – 5.7% | -6.84% (68.4$ loss) |
| October 2023 | -7.63% | -9.16% (91.56$ loss) |
| November 2023 | 14.26% | 11.88% (118.83$ gain) |
See the snapshot of the profit reported on eToro
Earnings compared. In each month, the actual earnings closely mirrored the reported figures, however it was slighly off, perhaps due to fees associated with copying which I wasn’t aware of. I was happy with the gain on my 3rd month, this seems to work for those who copy in the long run
Strategy & Practice
How he does it
| Parameter | Value |
|---|---|
| 🔍 Username | jaynemesis |
| 📊 Risk Stats | -3.38%, -7.14%, -21.86% |
| 📈 Risk Trend (Apr 2023 – Mar 2024) | Decreasing trend 🔻 |
| 💰 Total Profit | $5M+ |
| 💹 Total Return | -151 (-1.00%) |
| 📈 Trades | 688 |
| 🔄 Win Rate | 35.26% |
| ✔️ Avg. Win Rate | 59.88% |
| ❌ Avg. Loss Rate | 31.79% |
| 💹 Avg. Return | 1.90% |
| 📉 Max Drawdown | 96.79% |
| 💼 Portfolio Allocation | 1.31% |
| 📊 Trading History | See below |
| ⏳ Investment Duration | 10 Months |
| 📅 Start Date | 01/03/2014 |
| 📈 Annualized Return | 57.41% |
| 📈 Stock Performance (2022-2024) | See below |
📊 Trading History:
- Enphase Energy Inc.: Avg Profit 16.80% ✔️, Avg Loss -49.75% ❌, Quantity 7.64% (53 trades) 🔢, Profitable 28.30% ✔️
- SolarEdge Technologies: Avg Profit 8.50% ✔️, Avg Loss -44.75% ❌, Quantity 6.83% (47 trades) 🔢, Profitable 8.51% ✔️
- Microsoft: Avg Profit 38.62% ✔️, Avg Loss -13.33% ❌, Quantity 4.94% (34 trades) 🔢, Profitable 94.12% ✔️
📈 Stock Performance (2022-2024):
- 2024: Total 9.43, Jan 0.28, Feb 8.02, Mar 1.02, Apr to Dec N/A
- 2023: Total 11.82, Jan 7.76, Feb -2.91, Mar 2.5, Apr -3.56, May 0.41, Jun 4.6, Jul 1.13, Aug -6.3, Sep -5.7, Oct -7.63, Nov 14.26, Dec 9.16
- 2022: Total -27.48, Jan -11.69, Feb -0.2, Mar 2.6, Apr -12.85, May -1.35, Jun -10.69, Jul 16.97, Aug -3.48, Sep -11.82, Oct 5.23, Nov 8.05, Dec -7.71
Jay Edward Smith, employs a strategic and analytical approach in his trading endeavors. With a focus on fundamental analysis, Jay carefully navigates news, events, press releases, economic activities, and quarterly earnings reports. His diversified strategy encompasses investments in stocks, ETFs, and cryptocurrencies, prioritising innovation and disruption. Despite the dynamic nature of the financial markets, Jay maintains a long-term orientation, emphasizing the importance of sustained returns over time.
Executing an impressive 21.09 trades per week, Jay’s active trading style involves a nuanced blend of fundamental analysis and technical information. While his average holding time of 1.5 weeks raises considerations about the efficacy of short-term plays, Jay’s risk-reward ratio, showcasing an average profit of +5.52% and an average loss of -22.1196, reflects a balanced and calculated approach. Copiers should critically assess the alignment of Jay’s trading focus on major instruments with current market conditions, ensuring strategic positions in response to market dynamics.
Knowledge & Background
What does he know
In terms of education and professional background, Jay Edward Smith brings a unique blend of skills to the trading landscape. With a foundation in professional gaming (Esports) and logistics coordination, Jay’s diverse skill set extends beyond traditional financial realms. Accumulating over 15 years of experience in the software industry, particularly as a Senior Java Developer at Lynx S.p.A., Jay exhibits expertise in programming languages, debugging, and software development methodologies.
However, a notable aspect of Jay’s background is the absence of explicit financial or investment-related education. While his extensive experience in software development is evident, the review reveals a lack of specificity regarding market indicators, technical analysis, or fundamental analysis techniques. Copiers should approach Jay’s trading prowess as rooted more in hands-on experience than academic training, considering the potential impact on market analysis skills.
Platforms & tools
Where to find him
His associated profiles
I also saw him using TradingView
Feedback
My Recommendations
Jay Edward Smith’s trading approach has garnered a significant following, with over 44,000 copiers and more than 560,000 followers on eToro. Despite the positive aspects, several considerations emerge from the review that warrant careful examination for potential copiers.
My recommendations are as follows:
Diversification: Copiers should be mindful of the impact of Jay’s substantial Asset Under Management (AUM) on portfolio diversification. As AUM increases, broader diversification becomes imperative to spread risk across different asset classes and instruments.
Risk Management: With a larger AUM, copiers should be attuned to sophisticated risk management strategies. Jay’s strategy may require adjustments to handle increased capital effectively, involving derivatives, stop-loss levels, or other risk mitigation techniques.
Liquidity Concerns: Copiers need to consider potential impacts on market liquidity as Jay executes larger trades. Market liquidity can influence the execution of trades, potentially causing slippage.
Market Impact: The size of Jay’s AUM may attract attention and influence market sentiment and prices, especially in smaller or less liquid markets. Copiers should be aware of the potential market impact of Jay’s transactions.
Strategy Adjustment: Jay may need to adjust his trading strategy to accommodate the larger AUM effectively. Copiers should monitor any modifications to trade sizes, exploration of new investment opportunities, or adjustments in the overall investment approach.
Technology and Infrastructure: Efficiently managing a large AUM often requires advanced technology and infrastructure. Jay may need to upgrade systems to handle the increased scale, ensuring optimal trade execution, risk assessment, and portfolio management.
Regulatory Compliance: Copiers should be aware that regulatory compliance becomes more complex with a larger AUM. Jay needs to ensure compliance with relevant regulations, disclosure requirements, and reporting standards.
Client Communication: As AUM increases, communication strategies may need adjustment. Clear and transparent communication becomes critical to managing expectations and building trust among a larger client base.
In summary, the impact of Jay Edward Smith’s substantial AUM extends across various aspects of investment management. Copiers should carefully consider the recommendations provided to navigate potential challenges and make informed decisions based on their risk tolerance, investment goals, and preferences.
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