The best way to withdraw profit from copy trading to supplement my income a few times a year?
Asked 4 years ago
Hi Guys, I'm after some advice, please. I’m copying Jeppe Kirk Bonde and am aware that new copiers will be unable to copy from 22nd June. In the future, if I wish to withdraw an amount of profit, for example, to supplement my income a few times a year, what’s the best way to go about this? I won’t be able to close my copy with him and re-open it. Therefore, I want to keep it open. I think I heard someone mention that setting up another account to copy yourself will also copy Jeppe? I’d then also be able to close the copy account and re-open it to copy myself as and when I wanted? I know closing individual trades can mess up the equilibrium of his portfolio, so I don’t think that’s the answer? Is there an easier solution I’m missing? Thanks 😊
Andia Rispah Igobwa
Thursday, July 01, 2021
Any or all of the following methods will allow you to withdraw some profit from Copy Trading without affecting your risk profile.
Method 1 - If the number of trades that have been copied is equal to, or greater than, the number of original shares that were arranged in your account balance at the start then you are entitled to withdraw profits and payouts on a pro-rata basis (i.e., dividends and commissions).
Method 2 - You may sell half of the newly-created "copy" stocks and use their value to buy back your own shares for either cash or margin collateral.
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