It’s essential to have a clear roadmap when starting as a trader through Zignaly. Below, you’ll find a brief overview of the crucial elements—both for your overall trading mindset and for understanding Zignaly’s platform features—so you can confidently begin creating your strategy.
1. Know your mindset and goals.
Your mindset and goals shape your entire trading journey. Before you dive into any trades, take time to reflect on the following:
Your objectives: Are you aiming for steady gains, or are you comfortable with higher risks for potentially more significant returns?
Your mental approach: Consistent discipline and handling losses are crucial when market conditions get challenging.
Time commitment: Decide how much time you can dedicate to researching and monitoring the market.
Many educational resources already exist on trading psychology and setting realistic goals. A solid mindset lays the groundwork for a healthy, long-term approach to trading.
2. Outline a trading plan.
A trading plan helps keep you focused and reduces impulsive decisions. In simplest terms, it might include:
Risk tolerance: How much capital will you risk per trade or overall?
Asset focus: Are you primarily trading Bitcoin, altcoins, or a mix?
Entry and exit rules: Outline potential scenarios under which you’d enter or exit a trade.
While there are many possible strategies—from spot trading with no leverage to advanced futures trading—only you can decide what aligns with your comfort level and market outlook. Zignaly doesn’t provide direct advice on which assets or specific methods to use, so it’s always best to do your own research (DYOR).
3. Understand how Zignaly works.
If you decide to start trading through Zignaly, it is essential to understand its technology.
Zignaly stands apart from other platforms thanks to its Profit-Sharing technology (similar to a PAMM account). In Profit-Sharing, you operate a single trading account where your investors’ funds are pooled. Any profits or losses are allocated to each investor based on their share in the pool.
Here’s a quick snapshot of key concepts; if you want more details, follow the linked resources once you’re in the Help Centre:
Profit Sharing Daily Settlement (PSDS): Zignaly performs daily accounting for your open positions, calculating profits or losses and distributing them to your investors.
High Water Mark (HWM) and 3 Days Solid: These mechanisms ensure fees are only paid on genuine, consistent profits (not brief spikes).
Success Fees: If your trades are profitable, you’ll earn a share of that profit—while the rest remains with your investors.
Because Profit Sharing isn’t available on any other platforms, it can be a compelling reason to trade through Zignaly. Learn more about how Profit-Sharing works here.
4. Maintain a balance between strategy and platform knowledge.
Your trading success depends on your trading skills and how well you utilize Zignaly’s features. Familiarizing yourself with the Profit-Sharing model, daily settlements, and handling investor withdrawals will strengthen your foundation for growing as a Wealth Manager on the platform.
To conclude
Building a strategy on Zignaly begins with a clear mindset, basic risk management guidelines, and an understanding of how our Profit-Sharing technology works. You don’t have to detail every possible approach or strategy at the outset—focus on defining your boundaries and goals, and then let Zignaly’s features support you along the way.
If you’d like more in-depth guidance, explore the additional articles on Zignaly’s Help Center or join our community forums to learn from other experienced traders.