Mirror Trading
Categories: Managed Funds, Trading
You know those pre-roll YouTube ads featuring middle-aged dudes in track suits shaking stacks of cash at the camera and yelling about how “you too can make millions!” if you just follow their idiot-proof stock trading system? Mirror trading is the next level.
Mirror trading actually allows traders to copy the actions of other traders. You like someone's trading style. You just want to do what they do. They buy, you buy. They sell, you sell. Mirror trading lets you do it.
It's similar to a fund, in that you give decision-making to someone else. But the money isn't actually pooled together. Your money remains separate. It's like an extreme form of advice.
Typically, a mirror trading lets you pick from a list of trading strategies. Then it matches you up with a trader from that category and syncs up your actions with theirs. "You too can make millions!"