by Rob Chaos, Copier (October – December 2023)
Initial Investment: 400$
Realised Profit: 32.4$
Profit After Fees: 27.4$ (factoring in 5$ withdrawal fees)
Actual Gain: 8.1% compared to the reported 10.43% on eToro
Overview
Pros and Cons
Copy performace
Reported vs Actual
| Date | Earning Reported on eToro | October 2023 |
|---|---|---|
| Screen Size | -1.12% | -1.45% |
| November 2023 | 9.68% | 7.98% |
| December 2023 | 1.87% | 1.57% |
eToro reported a 10.43% performance for the same period, yet I received a much lower return of 8.1% during the same period, highlighting a noteworthy disparity between reported and actual returns.
Strategy & practice
How he does it
- Diversification: Thomas focuses on stocks exhibiting upward trends with solid fundamentals, utilizing both long-term movements and swing trading. The recent shift out of energy stocks into NASDAQ 100 stocks, and the addition of a defensive stock (Walmart Inc.), showcases a dynamic approach to diversification.
- Risk Management: Thomas emphasizes mitigating risks of large portfolio drops, maintaining a risk score of 5 out of 7. He does not leverage or trade crypto, emphasizing a conservative stance to risk.
- Track Record During Various Market Conditions: Thomas’s strategy has demonstrated resilience, outperforming major indices during pullbacks. Copiers are encouraged to consider the potential impact of short-term portfolio fluctuations against the backdrop of consistent long-term performance.
- Communication & Transparency: Regular updates provide copiers with insights into Thomas’s decision-making process, explaining shifts in the portfolio and his views on market conditions.
Knowledge & background
What does he know
Thomas, a seasoned Trading Analyst in commodity trading, brings extensive experience and analytical prowess, utilizing tools like Bloomberg, Eikon, and FT. Currently a Commercial Analyst at Vitol, he spent over 2 years at Alta Trading UK Limited in risk analysis and oil trading roles. His earlier stint as a Crude Oil Analyst at ARCADIA PETROLEUM LIMITED showcased his expertise.
Thomas’s entry into commodities began at Puma Energy, followed by impactful roles at Xytal and Greener for Life Energy. His diverse exposure includes a stint as Operations Manager at Ixora Energy Limited. Early on, he gained insights at BP’s Discovery Day and managed polo operations at Vaux Park Polo Club.
With a dynamic background, Thomas is a go-to figure for traders looking to navigate commodity markets with strategic insights.
Platforms & tools
Where to find him
He trades on eToro platform, where he has garnered 17.4k followers
He mentioned that he used the following tools.
I also found him on:
Feedback
My recommendations
- Due Diligence: Copiers are advised to conduct thorough research to understand the reasons behind reported vs. actual returns.
- Diversification Considerations: Given the concentration in stocks, copiers seeking greater asset class diversity may need to supplement Thomas’s strategy with additional investments.
- Long-Term Commitment: Thomas suggests a minimum 6-month commitment for consistent profit, aligning with the nature of his strategy with positions held for weeks to months.
In summary, Thomas Parry Jones puts forth an engaging trading strategy emphasizing transparency and effective risk management. My initial experience was profitable, and now armed with additional insights, I am more informed and intend to apply this knowledge in my ongoing investment endeavors.
Add your experience
The flexibility to customize my copied portfolio enhances the overall copy trading experience.