As a self-taught financial trader, the road to becoming one of eToro's most copied investors wasn't paved smoothly for Wesley "Wes" Nolte. In his first ten years of getting his hand at stock trading, profits were hard to come by. Fortunately, Nolte is not one who would be deterred by such obstacles. By learning though his mistakes he began to develop a successful approach that up to this day he still applies. Learn more about it and Nolte's career in this profile article.
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Wesley Nolte Fact Card
Name: Wesley Nolte
Alma mater: University of KwaZulu-Natal, BS Computer Science and Applied Mathematics
Title: Popular Investor, eToro
Managing Director, Indaba Invest Limited
Investor and Advisor, FutureBricks
Wesley Nolte finished high school in Glenwood High School where he attended from 1994 to 1998. He earned a Bachelor of Science Degree in Computer Science and Applied Mathematics from University of KwalaZulu-Natal in Durban, South Africa where he studied from 2003 until 2006.
Nolte started his career in the IT industry by holding various positions such as Analyst and Software Developer, first in his alma mater the University of KwalaZulu Natal, and then in 2CANA Solutions from 2006 to 2008. A financial crisis that hit South Africa hard in 2008 forced Nolte to migrate to London where he admittedly, became broke for the first few months he spent trying to look for work.
By 2009, Nolte has already found a job as Technical Lead of Cloud Computing for Telegraph Media Group where he worked until 2011. That same year, he founded a consulting start-up called Tquila. He first served as Principal Architect for a year before becoming Director of Innovation and finally, as Chief Technology Officer until 2015 when he sold it for an 8-figure sum to Accenture.
It was also in 2015 when Nolte first began trading on eToro. He became a Principal Director for Innovation & Technology at Accenture from 2015 to 2018, as a Columnist for the Evening Standard in London for six months in 2018. He was appointed as Chief Technology Officer of his new start-up venture called SalesTrip in 2018 until he left in 2021.
Today, Nolte serves as the Managing Director of Indaba Invest Limited and as an Investor Advisor at FutureBricks.
Trading in eToro
Wesley Nolte started trading on eToro in May 2015. A year after that, he joined the platform's Popular Investor Program. Having dabbled in stocks trading for more than a decade and a half before that, Nolte found the social network aspect of eToro as a new thing to him.
Soon after, he became enamored at the ease of use of the platform, its great interface and the speed of doing trading transactions. Before he became a popular trader copied by many investors, Nolte also maximized the social trading features of eToro by tapping into the community to bolster his strategy.
Learning the importance of diversifying, Nolte steadily built his portfolio until he achieved a total return of +550% in the last 5 years and an average yield of +30% during the same period.
The South African-born and 30-something technology whiz and investing genius Nolte describes his trading style as "Risk-balanced, diverse and bodacious". To put it simply, Nolte boasts of a strategy that relies on diversifying his trades across United States-based technology stocks, currencies, cryptos and commodities — while maintaining a low-risk approach.
Currently, cryptos are Nolte's investing apple of the eye because he believes that cryptocurrencies will evenly balance the hierarchies to which our society and culture are built on — like re-arrange the economic activities of our capitalist society.
Nolte's other strategy is to maintain a short-term trading approach than the usual. He also uses leverage wisely from now and then. Since he is now being copied by many traders, Nolte puts in more effort to be more thorough with his technical, fundamental analysis of the economic shifts and the movement of different industries in the market.
A rock star trader on eToro since 2015, Nolte has inspired 15,000+ users to copy his trades and around 224,000 more to follow his every activity on eToro. He also has more than $5 million in copy assets under management.
Earning an average risk score of 4-5, Nolte has opened and closed 540 trades since 2015. Of his total trades, more than 50% achieved profits.
His eToro stats shows a bulk of his trades came with engaging in stocks 80% of the time, followed by ETFs, crypto, indices and currencies.
Among his frequently traded assets are Meta Platforms Inc (FB), Amazon.com Inc (AMZN) and Advanced Micro Devices Inc (AMD).
Nolte's top five financial instruments in his portfolio are: Amazon.com Inc (AMZN), Walt Disney (DIS), Alibaba (BABA), MercadoLibre (MELI) and Micron Technology Inc. (MU). His investments on these five stocks amount to almost 30% of his funds on eToro.
He averages 9 trades per week with an average holding time of 4 months and around a 40% profitability week rating.
How to Follow?
As Nolte himself would say, five years ago was the best time to copy his trades. The second-best time is right now. So, what are you waiting for? To follow Wesley Nolte, just click the “+” icon shown beside the Copy button on his eToro profile page.
How to Copy?
In order to copy this professional trader, you'll need to have a trading account first with eToro. Signing-up for an account with this brokerage firm will initially ask for a username, email address and a password and the process will only take around less than a minute to accomplish. After that, you'll need to verify your account and make an initial deposit so that you will have funds to allocate for copying Wesly Nolte's positions.
- Once you have an account with funds, all you need to do is to go to his profile. Nolte's eToro profile can be accessed here: etoro.com/people/wesl3y
- Click on the "Copy" button. This will launch a pop-up window.
- Enter the amount that you'd like to allocate for copying this trader.
- You can also set the platform to stop copying if the copy value drops below a specific ratio or amount. Another parameter that you can configure is the "Copy Open New Trades". A check on the box will automatically copy any new positions that Nolte will open.
- Click the "Copy" button to execute the copy order.
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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.