[COMMUNICATED CONTENT]
A new social trading platform has been taken over by an anonymous investor calling himself ‘Superman704’, making his followers incredible profits.
By Carly Davis
UK-Sipping on a half-finished Heineken while flipping through Facebook on his laptop, Leeds native Trent Crowdley’s money is multiplying by the second. It’s all thanks to a new social network that allows investors to copy the trades of highly successful financial analysts with no Broker or Middleman fees. Social trading lets users literally copy the trades of some of the best Forex traders out there. “When I tell people that I trade for a living, they assume that I actually understand financial markets” he jokes. “But the truth is, I just deposit the money and let someone else much smarter than me make all the trading decisions (and money) for me.”
Like many other profit seekers worldwide, Trent joined this fast-growing crowd of worldwide profit seekers on Trade 24’s social trading network. Thanks to social trading, members of this social network are earning an extra income without even working an extra hour. This money-making potential has taken the internet by storm, but despite its raving success, it has some brokers on Wall Street quite concerned.
The Suits are Worried
“The problem with social trading is that you don’t know who is on the other side trading for you so it’s hard to know if he will actually make you money or not” claims Greg Halsrom, a junior broker at a well-known investment firm in downtown Manhattan. Trent disagrees! Pointing to the list of traders to choose from, he shows how to research each trader’s success following the track record which is clearly displayed on the network for all to see. Pointing to one investor going by the alias ‘Superman704’, Crowdley notes “this guy has a 96% success rate so I will latch onto his trades”. Trent clicks on Superman704’s impressive 3-year trade history which reveals generating some remarkable returns using a conservative risk level of 2.59/10 and a profit/loss ratio value of +69.49% to boot.
The Proof is in the Profits
Despite the fact that the mystery trader doesn’t reveal his real name, the proof is in the profits. “He just makes me money. It doesn’t get any more transparent than that Trent quips. With just two clicks, Trent has entrusted a complete stranger to manage his initial £500 investment. He then exits out of the page to browse Facebook, YouTube and the Daily Mail for about fifteen minutes. Upon returning to the Online Exchange, Trent discovers that ‘Superman704’ made him 80 pounds in pure profit. “Who else do you know makes 80 Quid in just 15 minutes?” Crowdley asks with a stride of beaming confidence. “And just for clicking on the mouse twice no less! Since Trent started using this system to trade online, he has been able to quit his day job and make a decent living from home.
Round-the- Clock Opportunities
Since the social network is based on a Forex platform, trades are placed roughly every 15 minutes in a 24 hour span. This means that the investor Crowdley selected (Superman704) gives him roughly 96 opportunities a day to make (or not make) money. Another reason this social trading network is pushing Wall Street brokers into an abyss of irrelevance is its wild success.
No background in finance needed
“I barely graduated high school by the skin of my teeth” he recalls. “If you would have told me one year ago that I’d be trading full time online, I would have recommended putting you in a mental institution. I was horrible at math in school and the very idea of trading in the Stock Market scared the wits out of me.” One day, Crowdley was down on his luck and sick and tired of waiting tables at a local pub in his Seacroft neighborhood. It was then that he saw an ad online for Trade 24’s Social Trading Network. The platform offers a simple means of trading in financial markets from virtually anywhere in the world with an internet connection.
Conclusion
Many on Wall Street are skeptical of this new online trading method with some claiming that those who have never traded before could be at a real disadvantage as they don’t fully understand financial markets. “Nonsense!” Exclaims Crowdley “I’m the last person who should be trading and I’ve made an excellent salary doing it from home…in my PJs.” He concludes with a few words of wisdom “if I can do it, trust me-anyone can do it”.
Carly Davis
The author is a boutique hedge fund manager overseeing $21 million in assets and is a regular contributor to various financial media outlets. Superman704 is the hottest name in the social trading arena with a success rate of +97%, maximum drawdown of only 12% with risk level of only 2.59/10. Trade24 has a special connection with the Jewish religious community and trades with a “Heter Iska”.
To visit Trade24 for more information, click here.
Join the official YWN WhatsApp status
3 Responses
While this sounds very persuasive to the layman, I highly doubt someone who understands these issues would fall for this. Why isn’t everyone doing this.
The truth is that for many years investment funds have existed for precisely this purpose – so the experts choose what your money should be invested in. This is a transparent method which has been tried and tested.
This type of arrangement is very easily abused. Knowing that there are thousands of golems out there who will all buy a specific stock just after he has, thereby increasing the stock price and allowing him to make a quick profit, could well be their recipe for success.
Even if every single person involved in this has no intention of scamming people (we all know how scrupulous these people all are), the fact that someone’s done well over the last year is no indication that they will continue to do well. Look at it like this: imagine there are a million people trading, all of them who know nothing and their trades are random. However the law of probabilities states that there will be a few people who guess lucky almost every time, just as there will be some who are always unlucky. So its probably just luck and there’s no guarantee luck will continue.
Unfortunately a lot of people with a yeshiva background don’t understand these things and simply trust someone just because they know what a heter iska is. I remember feeling sickened at an ad in a chareidi paper in Eretz Yisroel a few years ago encouraging people to buy bitcoins through them. This was at the point bitcoin had seen huge surges, and they had a graph which showed this. Bitcoin then dropped hugely and I imagine all those temimusdik yungerleit who just needed money for the chassunas who lost what they invested in this.
That paper should never have printed that ad knowing that their readers wouldn’t see the downside. YWNs readership is probably more sophisticated but I’m surprised at the decision to publish this without any warning.
Gavriel thanks for your comment besides that what your saying I looked up reviews on this trade 24 and no one had anything good to say about them it’s very hard to get back your money that you put in and your profits so I would also advise to think twice……
gavriel613 I just want you to know that you are a great Ba’al Chesed and a Tzadik for keeping your eye open and informing everyone to do their due diligence.