Profile Page Changes on eToro
If you are a trader or a copier on eToro, you will know that everybody’s profile page used to show their overall profit (as a percentage) for the previous 12 months.
This was quite useful because it obviously gave an instant snapshot into how successful a particular trader or copier has been for the last year.
They also used to show how much profit or loss each person made during the last trading day, which many people liked to see as well.
However it would appear that eToro have decided to remove both the 12-month performance figure and the profit percentage from the previous day from each person’s profile page.
To show you what I mean, this is what my previous profile page used to look like…
… and this is what the new profile page looks like…
(click here to take a closer look at my profile page on eToro)
Why Have They Done This?
The cynic in me thinks that they have done this because so many of the traders on eToro lost a lot of money during the previous 12 months when the price of all the major cryptocurrencies crashed, and the stock market crash in November and December only added to these losses in many cases.
Therefore because so many traders are nursing heavy losses from the previous 12 months, it will only discourage people from opening a new account or investing money if they see many traders sitting on big losses when they view their profile pages.
Of course people can still see their trading results by looking at each person’s Stats page, which shows their entire trading history from the time they first started trading.
However the key point here is that last emphasis is placed on the results from the previous 12 months and the results from the previous day because these figures are no longer quoted.
My Thoughts
In many ways this may be a smart move because the most profitable traders and investors will make money in the long run, but are still capable of having losing days, months or years.
So this may be the real reason why eToro have decided to remove these two performance figures. They may simply want to encourage people to look at people’s overall track record rather than encouraging people to invest money into copiers who have impressive trading records from the previous 12 months.
It’s not really that important, whatever the reasons. I just thought I would mention this change because it will affect both traders and copiers on eToro.
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