Building a portfolio of providers
In this lesson you'll learn
- Why one provider is a single point of failure
- How to combine providers sensibly
- How to review and rebalance
Don't put everything on one trader
Even good providers have long drawdowns, change behaviour, or stop trading. Spreading capital across a few providers with different styles makes results smoother, as with strategies (lesson "Portfolio thinking").
Combining providers
- Different styles: trend, swing, range, intraday.
- Different markets: FX, gold, indices.
- Check their monthly results: do their bad months overlap?
- Avoid several providers who all trade the same idea (e.g. all buying gold).
Allocating
Start with equal risk across 2–4 providers, then adjust by their drawdown history: a provider with a deeper historical drawdown gets a smaller share. Use separate follower accounts, or separate limits, so one provider's bad run can't take the whole portfolio down.
Reviewing
- Monthly: results versus each provider's own history.
- Quarterly: rebalance shares.
- Pre-set exit rule for each provider (e.g. drawdown beyond 1.5 × their historical maximum).
- Watch for style drift: bigger sizes, new markets, removed stops.
Common mistakes
- Copying three providers who all trade the same idea.
- Giving the best recent performer most of the capital.
- Never reviewing or rebalancing.
How this works when you copy trades
On Goldman Copier, one account follows one provider at a time, so a portfolio uses one follower account per provider, each with its own limits.
Check yourself
1. Why use several providers?
2. A provider with a deeper historical drawdown should get…
3. Style drift includes…
Key takeaways
- Spread across providers whose bad months don't overlap.
- Size shares by drawdown history.
- Review monthly, rebalance quarterly, and watch for style drift.
Education, not advice. Goldman Academy teaches how markets and tools work. Nothing here is a recommendation to buy or sell, and no lesson promises profits. Trading leveraged products carries a high risk of losing money; only trade money you can afford to lose. · Written by Goldman Academy, reviewed by Faisal