Signals Thursday #7 – Interview with Margin Signals
All good things come to an end at one time – and now it is time to say goodbye to the Signal Thursday series (temporarily) – but wait, before you close the tab – we have one interview partner left, and you are definitely advised (hold on, not financial advice!) to read what Robbo by MARGIN SIGNALS has to tell us about their trading style, their auto trader, his dark & shady past (just kidding, he is a goody two shoes) and of course his precioussss gems, which he protects like Gollum. Ladies & Gentlemen – pull the curtains up one last time and enjoy with me our auto-trading hero: ROBBO!
SmartOptions.io: You are more a swing trader than a scalper. With the signals in your channel, you are often pretty long in your trades. Aren’t the fees, especially with leveraged positions and the funding rate, a problem when doing so?
Robbo [Margin Signals]: Yes, we execute trades from a 1hr time frame as a day trader would but we generally manage on a 4hr or daily and try to take advantage of longer trending markets. The fees can add up, but due to our ability to gain a bigger ROI on our winners, it really negates the costs. We also have many fewer trades than a scalper on a monthly basis, so I would even argue to a degree that our fees may end up reasonably the same.
Unfortunately, fees are unavoidable, its a cost of business, but can also be managed with good risk/reward consideration.
SmartOptions.io: You guys developed an auto trader, by using the Bitmex API. How are things running with it? Do you face problems like transmission lags, failed orders, unfilled stops from time to time or is it running smoothly? What does the future hold with Margin Signals – what can we expect?
Robbo [Margin Signals]: The Auto Trader is amazing, we love it!!! Its really designed to be set up as an extra income producing vehicle for our members that they can literally set and forget.
We haven’t had any lags or failed orders at this stage and don’t expect to do so. We generally use market stops to ensure that we are guaranteed to exit our trades, that sometimes means on the lower volume ALTs our fill price can vary a bit to what the order was, we are aware of this and are just a bit tighter with our management to compensate… Other than that, Auto Trader has been smooth as silk and our members love it.
The future for Margins Signals… Well, sooooo many plans and ideas. Already, some are coming along nicely…
We are currently writing a Trading Course, its reasonably compact but will cover key areas such as technical analysis, reading price action, indicators, Mindset, Risk/Reward, Trade management, Finding a profitable edge, plus a few other gems.
My co-founder has developed a great trading/tracking tool for all areas of your portfolio, this is soon to be sent off and developed into an App, the interface on this already looks amazing. We’re also looking and reintroducing forex signals soon, 1v1 coaching and mentoring. Plenty of other plans coming along too, its exciting times at Margin Signals.
SmartOptions.io: What is the most important thing you want your subscribers to know? Is there anything that makes you go nuts when reading it in your chat room?
Robbo [Margin Signals]: Hahaha, God help me sometimes…..
The main things I drill in regularly is risk:reward, strike rate, compounding profits and most of all capital preservation.
If you have a 1:2 risk reward and a strike rate of 70% for your trades, you will make a lot of money in the long-term… Block out the 3 or 4 losing trades in a row. Focus on a trade sample of 20 + trades…
Also, trade quantity… You don’t have to always be in a trade… Its ok to not have a trade for a week. You can still make massive gains with 10 trades a month… ppl get hung up too much on trying to have multiple trades each day, it just leads to shitty trades and a poor strike rate
SmartOptions.io: Tell us a bit about your personal history as a trader. How did you come to trading and especially to crypto, assuming you started with fx first.
Robbo [Margin Signals]: Yeah, I came from the FX world, I’ve been trading full time for a living for approximately for 3 years. It offers an amazing lifestyle with flexibility, I wouldn’t change it for the world.
I was introduced to Crypto in about March 2017 by my brother… Seems like most, I loaded up on a heap of shitcoins like they were candy… Lucky a lot turned out OK… From there I quickly transferred my TA skills to Crypto, made a few tweaks to my style of trading and, well.. the rest is history.
I still trade forex, but Crypto is certainly my main game.
SmartOptions.io: Can you tell us about your personal views on the crypto ecosystem? What do you think about “the bubble”, how will crypto evolve and what is the missing link for mass adaption and the crypto takeover in your opinion.
Robbo [Margin Signals]: I don’t think the real “bubble” has happened yet, in fact, I’m sure of it. The combination of projects coming online (mainnets), some of these partnerships showing real-world use, and the SEC allowing institution money comes in will see a new level that will dwarf the last ATH. But, its going to take a little time… It is a little disappointing there are still so many “shitcoins” that haven’t died off yet… maybe that will happen after the next “bubble” pop, but from the ashes will rise the true blockchain projects and payment systems that will shape the world for generations to come….
SmartOptions.io: Last but not least, what are your personal gems – do hold any cryptos for the long-term with no intention to sell them in the short-term?
Robbo [Margin Signals]: I haven’t got too many holds just now, but I plan to start building them up again pretty soon actually. My little gems are (that I DO hold):
- Matrix (See Coin check for Matrix AI Network here)
- Origin Trail
On top of that, I plan to build and hold long term (dollar cost average as I go) VET, NEO, IOTA, ICX
SmartOptions.io: Thank you for your time, Robbo! It was a breeze (and happily didn’t leave the taste of a Foster’s).