Jay Smith [Jaynemesis], or eToro SuperStar with 23. copying

Broker platform eToro is famous for the possibilities offered by social trading, i.e. copying the games of other traders. Some people take advantage of it by watching the best plays. By making the same moves on their own account, with the right choice of signal provider, they come out pretty well. The undisputed star among the so-called managers is Jay Smith, who has over 23 followers. The question "why?" it is obviously rhetorical in this case.

Check it out: EToro Review - Social Trading Platform

For years, we have been describing companies and funds that boast high rates of return over months, and sometimes years. The pattern is always the same: they earn well, acquire new clients, and finally everything falls apart like a house of cards, because it turns out that it was a financial pyramid on a very weak basis, financed by contributions from other investors. As long as the majority do not want to withdraw their funds, everything works (at least theoretically). The problem arises, however, when new resources are scarce. That is why we always warn against believing in too good results compared to the market, presented by new companies.

Perfect results and prompts - decide for yourself what to do with them

So why do we describe a person who can even charm you with such results? Because in this case, no one entrusts him with their funds. What's more, it's also not that we have to copy all the plays exactly and listen to every recommendation. Therefore, it is acting solely at your own risk and not entrusting your fate to an unknown person or institution.

It is thanks to this that Jay Smith, who is already a trading star in Great Britain, built his reputation. His plays are copied by over 21 thousand. people. This is not surprising, because it earns above average compared to the market. Portfolio rate of return Jaynemesis (this is the nickname of Jay Smith) provided by the eToro broker in 2020 is already 62,6%. And this is not his record achievement at all.

Who is Jay Smith (Jaynemesis)

Jay Smith (Jaynemesis)

The 32-year-old has been present in the financial market since he was 19. From the beginning, it focuses on full transparency. He has his own website, Twitter profile, and Youtube. Since 2012, he is only professionally involved in investing. Previously, he worked in an esports company, but when he started getting above-average trading results, he took up what he likes the most and what he does best.

Jay breaks the "dream sellers" pattern that sellers keep repeating. He does not promote himself on exotic beaches with a drink in his hand, does not pose in tasteful suits against the backdrop of yachts and sports cars. 

“My goal is to educate as many people as possible, especially about trading and investing in new technologies. That's why my content on Twitter, Youtube and my blog is completely free. Transparency and honesty are important to me because they allow me to gain people's trust and build my own community where everyone can improve " - 32-year-old writes on his website.

He is an enthusiast of the financial market, but also - and maybe most of all - cryptocurrencies. When we enter on his Twitter profile, we'll find a welcome Tweet right away. This is a message posted there in 2013 in which Smith writes that he just sold Nokia shares to buy Bitcoins. If he had left them, he could have sold the shares 66% more expensive today. But that's nothing compared to height anyway BTCwhich in the same period increased by 7700% in relation to the USD.

Jay Smith's eToro ROI:

• 2015: + 40,73 %
• 2016: + 75,65 %
• 2017: + 340,09 %
• 2018: -53,84%
• 2019: + 52,32 %
• 2020: + 62,60 % (Untill the end of September).

76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you can afford the high risk of losing your money.

Copy traders at eToro

Multiple traders' movements can be copied on the eToro platform. Those most respected by the community were selected as "Most copied" (Popular Investors). Among them there are only people with the best results and the largest group of investors. They earn 2,5% on the assets of the people who follow them. Each trader is rated for risk on a scale of 1 to 6, with six being the highest risk. In practice, most of the best score 5 or 6.

Past performance is not indicative of future performance. The trading history shown is less than 5 full years and may not be sufficient as a basis for an investment decision.

Thanks to copy trading, Jay Smith makes regular money only by the fact that others want to copy his moves. But surely his followers don't do it badly (at least for the moment 🙂).

Past performance is not indicative of future performance. The trading history shown is less than 5 full years and may not be sufficient as a basis for an investment decision.

Is eToro a recipe for easy profits from Forex market and cryptocurrencies, without any experience and knowledge? Not completely. This week on the pages of the Forex Club portal The 20-week test of the platform has ended, which was to show how it works in practice and whether advertising slogans are not a piece of cake. Success is primarily guaranteed by the appropriate selection of signal providers, and these are plentiful. Not all are worth attention, but both Jay Smith and our test show that there are traders on eToro worth attention.

76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you can afford the high risk of losing your money.

eToro is a multi-asset platform that offers both stock investing and CFD trading.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Past performance is not indicative of future performance. The trading history shown is less than 5 full years and may not be sufficient as a basis for an investment decision.

Copy Trading is not synonymous with investment advice. The value of your investment may go up or down. Your capital is at risk.

eToro USA LLC does not offer CFDs and does not make any representations or be responsible for the accuracy or completeness of the content of this publication, which was prepared by our partner using publicly available information about eToro that is not specific to entities.