Missed the AMA with conservative trader @SmartTrading？
Here is a recap of the session "To maintain stable profits, how do you manage risks effectively?"
Guest: @SmartTrading 👉https://bingx.com/zh-hk/traders/10...
🏆 Up-and-coming conservative trader
👑 30-Day ROI: +170.55%
💰 Cumulative Earnings of Copiers: $2,403.77
🎯Q1: 這幾天知名交易所事件加上美國公佈CPI！造成市場大動盪！平常跟著習慣的交易員跟單穩穩的！但，這幾天跟著這些交易員都接連爆倉⋯整個很難過！畢竟自己就是還在學習技術分析不太熟，所以纔跟著平常做的不錯的交易員。我該如何有效的建立風險管理呢？這幾天是不是做空比較好呢？
@SmartTrading:
Normally that events produce big moves, if you dont have experience trading with that events is better wait some hours until the volatility finish or practice in vst in demo until you think you are ready to fight that big moves. You can stablish by having a daily drawdown of your account accept a max % loose of your capital and dont risk more until next days.
🎯Q2: How to manage risk and don't fall by your emotions fear and greed ?
@SmartTrading:
Accept a max Drawdown daily of your account if you reach it stop trading go relax for a day until you get stable emotionally. Have a nice day.
🎯Q3: for copy trading how much ST is recomended?
@SmartTrading:
You can use depend of your trader. For me is just 5-10% until i do some profit for my followers i will continue with it probably up to 15% but later for risk better trades on forex and index i will notice it to my copiers in the case of use 15%.
🎯Q4: What do you think about martingala? and what will you tell to the ones using it? are you only looking to win with the earnings of the traders because you only do 2 a 5$ orders ?
@SmartTrading:
I think martingala is good in ranges only, but it must have stop too who dont use stop will burn account one day, becouse you dont know when ranges will break. And i dont care about earnings the more important is to risk only trades by probabilities not only open a trade by gamble the key is risk managment.
🎯Q5: How often can we use 50 leverage on our future positions?
@SmartTrading:
I dont recommend until you get many experience. Start with 2x 1x- max 5x and all with stoploss. you can practice with vst in futures standart of bingx.
🎯Q6: Como controlarme una ves que estoy perdiendo en el mercado y salirme sin querer vengarme del mercado
@SmartTrading:
Aceptando los stoploss y no perder un maximo de 1-2% de tu cuenta por dia.
🎯Q7: Tienes un límite de pérdida diaria?
@SmartTrading:
1-2% max of capital.
🎯Q8: What do you suggest for copy traders recmmended margin when they chose a conservative trader?if the market is falling imediately do you consider your previous technical analysis or do you stick to fundametals?do you consider sentimental analysis? if so, what are your principles when you spot risky opening in the market?
@SmartTrading:
the margin will depend of your capital the more chances you have in market the more probabilities you can win. Both analysis are important . Yes market will get in Fomo or Fud sometimes and you need to stablish your stoplosses in the case of a beartrap or bulltrap.
🎯Q9: Why you use high leverages?
@SmartTrading:
High leverages = high risk = more profitable but you need to have risk managment. is the same open 1000 usdt at 1x than 500 at 2x you will loose the same, the important thing is the risk managment i dont recommend use only when you expert in market. Start with low leverage until you gain experience.
🎯Q10: How do you manage risk and have a higher risk to reward ratio when you only have small account
@SmartTrading:
iI you Have 100 usdt just trade with 1 or 0.1 cents, when you ready you can risk a little more , you can practice with vst if you see you are profitable you can start with market and dont use much leverage until you gain experience.
🎯Q11: Can you share with us the importance of a stop loss something most traders take for granted
@SmartTrading:
The importance of Stoploss is High, Becouse if you dont accept a loose market will not do what you want and will continue liquidate your positions , and if you fail in the direction you will loose always is better wait for a new entry and be patient.
🎯Q12: How do you control your emotions? I am quite often in a loosing strike and add money into loosing positions and overtrade and the result is that I'm having a negative day. It's quite hard to recover from being down money.
@SmartTrading:
When i have loosing trike i stop trade if i exced my max daily drawdown is better go relax or sleep and wait for another day stay calm is the best thing.
🎯Q13: Is trading crypto different to trading forex in terms of spread and risk management? im talking futures trading.
@SmartTrading:
Both requires risk managment but i love both, the spread depends of the liquidity of the market in that moment and the pair, each broker will have their spread and comission. I like much Bingx becouse it respect our take profits and stoploss . No like other exchanges.
🎯Q14: How / where do you set stop losses ? Now you open a 1,5x leverage trade at -38 % loss open . Is it a way of preserving capital ? thanks
@SmartTrading:
Sometimes i open 2usdt position for test but i dont include to my followers that is solana and i opened for test the big negative funding rate that it has. Stoploss are asigned depending of how many margin you want to loose per trade.
🎯Q15: 你如何控制自己的情緒？我經常處於虧損的罷工中，並在虧損頭寸和過度交易中增加資金，結果是我度過了消極的一天。從虧損中恢復是相當困難的有什麼辦法能夠控制嗎
@SmartTrading:
The best you can do is reduce risk when you loose until you get back what you loose. and accept a bad day, go relax, tomorrow is a new day and if tomorrow still bad it can be next or next week. The way to control emotions is accept the loose and go relax, i usually go sleep when have a bad day.
🎯Q16: What do you think are the qualities that make a good Trader? and What strategies do you use to evaluate risk? thank you
@SmartTrading:
The patiente and risk managment on trades. Trading is based on probabilities and the important thing is having less losses than winning in %.
🎯Q17: Could it be that we are reaching the beginning of the bull run? is it very possible that BTC is going deep and then going up very strongly? MR Smart I want to thank you for my Profits, you are an excellent Copy. many blessings
@SmartTrading:
Actually i think bullrun havent started, we are still bearmarket, and i think it will go more down but sure today markets will move, thanks and have a nice day.
🎯Q18: How are you managed the leverage depends on your money and sl and tp?
@SmartTrading:
Is about how many you want to risk per trade, and how many capital you have, if you have 100 usdt dont risk more than 1% or 0.1% of loose per trade so it will give you about 1000 chances of trading and have more probabilities to be profitable.
🎯Q19: 如何成為一個穩健盈利的交易者
@SmartTrading:
Patiente and risk managment are the key for long term.
🎯Q20: Hi Smartrading, is it possible to live from trading? thx
@SmartTrading:
Yes, To live from trading you need to be patiente have the correct risk managment and analyze correctly the market moves. It requires study the market daily and have enough patient to wait your entries in the markets.
🎯Q21: How do you keep yourself composed after a loss? do you rest trading for awhile to ‘reset’?
@SmartTrading:
Rest is very important specially if you have a bad day accept a max daily drawdown if it reach stop trading , each day market give opportunities just need to be patient and come back when you are fine emotionally.