- Stephen Bliss has been trading stocks and shares on an online social network
- The 34-year-old burger van owner is managing an online fund worth £9 million
- The businessman from Redcar is considering giving up his daytime job
- Almost 7,000 people have trusted Mr Bliss with their money in his fund
A burger van owner is considering hanging up his apron after making a £9million while trading stocks and shares online.
Stephen Bliss, 34, manages his trading fund at night from his home in Redcar using the social platform eToro.
During the day, he can be found at The Sizzling Griddle off the A174, providing truckers with hot tea and bacon rolls.
Stephen Bliss, 34, manages an online investment portfolio worth more than £9 million
During 2016, Mr Bliss’s fund increased in value by almost 792 per cent according to his page on eToro which has been tracking all his trades since he first joined the network
Mr Bliss, pictured, is considering quitting his burger van and trading online full time
However, with a projected six-figure profit for 2018, he now wants to trade online full time.
He has been trading on eToro since 2014, although he admitted it was a steep learning curve losing almost half of his original £3,000 investment.
He said trading stocks and shares online is easy.
He said: ‘You can open practice accounts and trade with virtual currency. I didn’t want to start throwing real money at it and end up losing it all.
‘About two years in, I got the hang of it and started feeling confident. I put some real money in, about £3,000 and lost about half of it.
‘They say never trade with money you can’t afford to lose but losing that was a bit of a blow.
‘After that, I went back to a virtual account and saved up more cash.
‘You find, when you transition to trading properly, your mentality changes and it affects the way you trade.
‘You’ll take positions that are in profit too quickly, when they start going the wrong way you tend to hold it longer,
‘You have to take all emotions out of it. It was a big learning curve.’
He said anyone planning to trade online should educate themselves before committing funds into the venture.
Almost 7,000 people have invested money in Mr Bliss’s online fund
During the day, Mr Bliss charges £2.50 for a 1/4lb burger, but at night he earns commission from the thousands of people who are following his investment fund on eToro
He described the eToro network as ‘a little bit like Facebook’, where you can invest money in top traders and let them make the decisions. Currently, almost 7,000 people have invested in Mr Bliss’s fund which has a value of $12.75 million – £9 million.
He said: ‘I’ve got about 6,600 people investing their money in me.
‘I don’t let it affect me now. But when I first reached $1m I thought “wow”.
‘I’m bombarded with people’s queries, it’s every minute; responding takes up a lot of time, but we were asked to go to London and a Q&A live stream which helps.
Mr Bliss even accepts bitcoin in his burger van on the side of the A174
‘I enjoy making money for other people. A guy messaged me saying he invested £60,000, I got it up to £200,000 and he messaged me to say he’s just gone on a trip around Malaysia with his mates on a Harley Davidson and wanted to thank me.’
The commission Mr Bliss has earned from the site amounts to six figures this year.
‘I really enjoy learning about it, the returns are far greater than what you get from putting money in a bank account.
‘Every year has been positive, I’ve returned 935 per cent this year which is significant, but I don’t expect to do that every year. My target is 5 per cent, which is a bit more realistic.
‘Now I want to step back from the catering business and focus on the trading full-time.
‘We get our regulars; a few have even invested so they pop in and we chat about it; it’s amazing how many people are starting to do it.’
How Stephen Bliss makes his money trading on eToro
Stephen Bliss has 6,600 people following his trades on the eToro online network, each investing a minimum of $100.
Investors can follow multiple traders by putting a minimum of $100 into their funds.
Etoro pays traders such as Mr Bliss a bonus for the number of people who follow them.
When Mr Bliss makes a trade, each of the people following him make the same trade automatically – paying him a commission.
The investors see the price of their fund increase or decrease to the same extent as Mr Bliss.
However, as a result of his success, the fund managed by Mr Bliss has increased to £9 million.
Mr Bliss believes he will receive commission worth six figures over the next twelve months, allowing him to step back from his catering business.
Stephen Bliss, pictured, makes a commission from each of the 6,600 people who follow his investment strategy online using the eToro trading platform