Last Sunday, we soft launched “Pause/Resume Copy” on eToro OpenBook, an exciting new feature, that had been requested by so many of you.
Pause Copy – What is it?
Pause Copy enables you to temporarily stop copying new trades made by a specific popular investor, without any changes to other open trades copied from that popular investor. In other words, when you pause copying, nothing will change, except for the fact that new trades will not be opened. You will still be able to add or remove funds from the copy amount, close specific trades within the copy, and close the copy altogether. You will also be able to resume copying regularly, if you want to.
Why should you use it?
It’s an excellent exit strategy. How so?
Let’s assume you’re copying a popular investor who started taking risky trades, that are currently losing. You decide you want to stop copying this investor, however, you don’t want to realize the losses that these risky trades have accumulated. Instead of closing the copy relationship, and absorbing the loss, you can now simply pause copying that popular investor and prevent them from opening new positions for you. The popular investor will keep managing their old risky trades, and once those are closed (hopefully profitably), you can finally stop copying them, while minimizing losses.
Where can you find it?
You can pause copy from your portfolio, or from the popular investor profile page, as an option inside the action cogwheel:
Stay tuned for more updates on this feature as we will announce the full launch as soon as it goes live.
In the meantime, go ahead and try it out on eToro OpenBook, and let us know what you think in the comments!
Note: Past performance is not an indication of future results. This post is not investment advice. CFD trading bears risk to your capital.