Zheng Bin · eToro

442

by Ahmed Yunus, Copier (July – December 2023)

COPY DETAILS
Copy Duration: 6 months
Initial Investment: 1000$
Realised Profit: 7.85$
Profit After Fees: 2.85$ (factoring in 5$ withdrawal fees)
Actual Gain: 1.57% compared to the reported 4.8% on eToro

I’d like to share my experience copying Zheng Bin, a popular investor who is copied by more than 10k investors

Overview

Pros and Cons

Positives
  • Impressive Educational Background: Zheng Bin’s academic credentials, including a Masters in Finance and a Bachelors in Accounting, coupled with industry certifications, reflect a strong foundation in finance
  • Extensive Experience: With over 10 years of trading experience, including a 3-year stint in investment banking, Zheng brings a wealth of expertise to the table
  • Global Macro Strategy: Zheng’s approach to trading Global Macro ideas aligns with a strategic perspective, potentially capitalizing on diverse market trends
  • Transparent Communication: Regularly updated verified returns and press coverage indicate a commitment to transparency and openness
  • Longevity in eToro: Active on eToro since November 2016, showcasing a substantial tenure on the platform
Negatives
  • Returns Discrepancy: The reported 7% return contrasts with the actual 5% return experienced by a copier, raising questions about the consistency of reported performance
  • Sparse Online Coverage: Despite some presence, there’s a noticeable absence of recent social media activity, potentially indicating a decrease in market visibility
  • Limited Interaction on eToro: Zheng’s engagement on the eToro platform could be more interactive, with fewer comments and discussions on trades, hindering copier engagement
  • Complex Strategy: The Global Macro strategy might be challenging for novice investors to grasp, potentially leading to confusion or misinterpretation of trading decisions
  • Higher Average Holding Time: With an average holding time of 7 months, copiers need to be patient, which may not suit those seeking more frequent or short-term trading opportunities

Copy performace

Reported vs Actual

DateEarning Reported on eToroActual Earnings
July 20235.17%4.02%
August 2023-2.34%-2.67%
September 20232.83%2.38%
October 20230-0.27%
November 2023-1.76%-2%
December 20233.12%2.99%
4.45% is the actual earning vs reported 7.02%

While eToro reports Zheng’s return as 7.02%, my results copying him from July to December 2023, experienced a slightly lower return of 4.45%. It is recommended that copiers investigate the reasons behind this variance for better understanding and decision-making.

Strategy & practice

How he does it

  • Diversification: Zheng follows a Global Macro strategy, emphasizing the importance of identifying cyclical trends. The portfolio includes stocks (78.82%) and currencies (10.18%), showcasing a diversified approach across asset classes
  • Risk Management: With a CSL (Current Stop Loss) at 30% and a maximum loss on one thesis limited to 10% of the account, Zheng maintains a risk-conscious approach, suggesting a focus on capital preservation
  • Track Record During Various Market Conditions: Returns spanning from -11.89% in 2022 (unverified) to +23.22% (unverified) in 2023 demonstrate Zheng’s ability to navigate market conditions with resilience and showing positive result at the end
  • Communication & Transparency: Zheng’s communication is transparent and detailed, evidenced by regular updates and press coverage. This fosters an environment of trust and understanding for copiers

Knowledge & background

What does he know

In terms of education, Zheng Bin holds a Master of Science (MS) in Finance with 2nd Upper Honors from University College Dublin. His academic journey also includes a Bachelor of Commerce (BCom) in Accounting with a WPA of 73.33 from Curtin University and a Diploma in Banking And Finance from Ngee Ann Polytechnic, where he earned a Gold certificate for participation in Co-Curricular Activities.

Analyzing applied knowledge, Zheng’s Global Macro strategy emphasizes risk management with a CSL at 30% and a maximum 10% loss on one thesis. His diversified approach spans stocks (78.82%) and currencies (10.18%), showcasing adaptability to various market conditions. Verified returns, such as +23.22% in 3Q2023 and -11.89% in 2022, highlight his ability to navigate diverse market conditions.

On the platform, Zheng is an Elite Pro – Popular Investor since April 2016, boasting a copier base of over 10,000. His transparent communication, recognition in media outlets, and involvement in innovative initiatives, like co-founding a company focused on verifying financial influencers’ holdings, contribute to his credibility.

In conclusion, Zheng Bin’s educational background, applied knowledge, and platform presence make him a compelling trader. Copiers should consider the longer holding time and assess their risk tolerance before following his trades. Overall, Zheng Bin’s combination of academic expertise and practical experience positions him as a noteworthy trader within the eToro community.

Platforms & tools

Where to find him

He is obviously on eToro

7
Zheng Bin · eToro

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Feedback

My recommendations

  1. Investigate Returns Discrepancy: Copiers are advised to delve into the reasons behind the difference between reported and actual returns, ensuring a more informed copier experience.
  2. Understand Global Macro Strategy: Given the Global Macro strategy, copiers should familiarize themselves with Zheng’s approach to cyclical trends and long-term sustainable trading.
  3. Consider Risk Tolerance: Zheng’s risk management practices align with a focus on capital preservation. Copiers should assess their risk tolerance to ensure compatibility with Zheng’s approach.

In summary, Zheng Bin presents a seasoned trader with a strategic Global Macro approach. While the reported vs. actual returns discrepancy requires attention, his transparency and extensive experience contribute positively to his profile. Copiers are encouraged to conduct thorough due diligence, align their risk tolerance with Zheng’s practices, and exercise patience due to the longer holding periods.

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5 Total Score

User Rating: 5 (1 vote)

12 Comments
  1. Regular updates on copied trades keep me well-informed about their performance.

  2. Responsive customer support is an added bonus for copy trading queries.

  3. The ability to replicate expert traders’ moves has significantly boosted my returns

  4. Great, its research capabilities helped me alot!

  5. Risk management tools are comprehensive, promoting responsible trading.

  6. Consistent improvements and updates demonstrate a commitment to user satisfaction.

  7. Extensive research capabilities help me make informed decisions.

  8. Social trading features add a unique and collaborative aspect to the experience.

  9. The mobile app is a game-changer – trading on the go has never been easier.

  10. Competitive fees and transparent pricing – no hidden surprises.

  11. Regular updates and market analysis keep me well-informed.

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