If you want a portfolio that matches the performance of investing pros, copy trading may help. In a nutshell, copy trading or "mirror" trading emulates a stock market expert’s trading activity. Copy trading is more or less what it sounds like. You choose an expert trader to follow, then copy their trading movements. Say trader you’re following buys 100 shares of a particular stock. As a result, you’d also buy 100 shares of that stock. If they allocate 5% of their portfolio to a specific stock sector, you’d do the same.

Advantages of Copy Trading

Copy trading creates opportunity to leverage someone else’s investment knowledge and experience. You don’t have to analyze stock market movements or trends to decide which stocks to buy, sell or hold. You can simply follow another investor. Say you’ve picked someone who consistently generates high returns in their portfolio. As a result, copying them would theoretically allow you to do the same.

In addition to this, mirror trading is largely passive. You’re leaving the hard work of choosing investments up to someone else. You can earn returns in your portfolio without having to invest hours researching the market. Risk management is also done for since the pro trader is the one directing investment decisions.

According to Wikipedia, copy traders fared 6-10% better on average compared to traders who were trading manually themselves.

I've created this discord server as a platform that will allow people to connect with other traders, which will ultimately be beneficial to their trading. Here, I have over 15 professional analysts putting out their live stock and option trades. I'd like you guys to check it out. I know it's not a website (yet) and just a discord server, but baby steps. All these analysts are currently putting out their trades using discord, but I plan on building a website or app soon.