{"id":10018,"date":"2026-05-25T17:20:51","date_gmt":"2026-05-25T09:20:51","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=10018"},"modified":"2026-05-25T17:20:54","modified_gmt":"2026-05-25T09:20:54","slug":"%e6%95%b0%e6%8d%ae%e4%b8%8d%e8%af%b4%e8%b0%8e%ef%bc%9a%e5%83%8f%e5%9f%ba%e9%87%91%e7%bb%8f%e7%90%86%e4%b8%80%e6%a0%b7%e7%ad%9b%e9%80%89%e6%93%8d%e7%9b%98%e6%89%8b","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/en\/archives\/10018","title":{"rendered":"The data doesn\u2019t lie: Screen \u201ctraders\u201d like a fund manager"},"content":{"rendered":"

In the copy trading ecosystem, the biggest misunderstanding is the blind pursuit of \"high yields.\" Many novices flock to a trader when they see a trader doubling in a month. The result is often the \"champion's curse\" - the higher the profit, the worse the fall. Real professional investors understand that in financial markets,Survival is more important than running fast<\/strong>. Today, we will teach you how to screen out traders with real long-term viability through multi-dimensional data portraits like a fund manager.<\/p>\n

1. Maximum retracement: the \u201cdemon mirror\u201d for measuring risk control capabilities<\/p>\n

If the rate of return is a trader's offensive power, then the maximum drawdown is his defensive power. The maximum drawdown refers to the maximum loss of the account equity from the highest point to the lowest point within the selected period. It answers the question: \"If you were unfortunate enough to buy at the highest point, how much would you lose at most?\"<\/p>\n

For a trader who claims to have an annualized return of 200%, if the maximum drawdown is as high as 80%, it means that you may face the risk of being cut in half or even having your position liquidated at any time. As rational investors, we should give priority to traders whose maximum drawdown is controlled within 10%-20% and whose equity curve is smooth and upward. Remember one sentence:Only by preserving the principal can the miracle of compound interest occur.<\/strong><\/p>\n

2. Sharpe Ratio: The return for each point of risk taken<\/p>\n

The Sharpe Ratio is the gold standard for measuring risk-adjusted returns. In layman's terms, it calculates \"how much excess return you can get for each unit of risk you take on.\" The formula is: (expected portfolio return \u2013 risk-free rate) \/ portfolio standard deviation.<\/p>\n

For ordinary investors, you just need to remember:The higher the Sharpe ratio, the better.<\/strong><\/p>\n

Sharpe ratio > 1: It means that the return of this strategy is higher than the risk it takes, and it is cost-effective.<\/p>\n

Sharpe ratio < 1: It means that the strategy has taken huge risks but has not received corresponding returns. This "cutting edge" strategy is not worth following.<\/p>\n

3. Winning rate and profit-loss ratio: dismantling the underlying logic of profitability<\/p>\n

Win rate refers to the proportion of profitable transactions to the total number of transactions. But higher is not always better. A trader with a 90% winning rate may make small profits 90 times, but lose all his profits the remaining 10% of the time.<\/p>\n

you need to combineprofit-loss ratio<\/strong>(average profit\/average loss).<\/p>\n

High winning rate + low profit-loss ratio<\/strong>: Like an ant moving house, a small profit can easily be wiped out by a big loss.<\/p>\n

Low win rate + high profit-loss ratio<\/strong>: Like a lion hunting, it usually suffers from hunger, but can kill with one strike.<\/p>\n

For novices, it is recommended to give priority toThe winning rate is between 40% and 60%, and the profit-loss ratio is greater than 1.5<\/strong>strategy. This shows that traders know how to cut off losses and let profits run, which is a sign of a mature strategy.<\/p>\n

4. Historical Stability: Resilience through Cycles<\/p>\n

Data doesn\u2019t lie, but data embellishes. Many traders will intercept a period of bull market to improve their performance. As a professional screener, what you want to look for isComplete transaction history<\/strong>, must include at least a complete market cycle (such as bull market, bear market, shock market).<\/p>\n

Observe the net capital value curve: is it a slope extending smoothly to the upper right, or is it a roller coaster with ups and downs? Those traders who can still control the retracement and even make profits against the trend during \"black swan\" events such as the 2020 epidemic collapse and the 2022 Federal Reserve interest rate hike are the \"storm survivors\" who are truly worthy of entrustment.<\/p>\n

5. Conclusion: Establish your own \u201cfund manager\u201d thinking<\/p>\n

Screening copy traders is essentially a small due diligence investigation (Due Diligence). Don't be fooled by the glamor on the surface, and don't deny it completely because of temporary losses. Establish a scoring system including maximum drawdown, Sharpe ratio, winning rate and profit-loss ratio, and review each alternative target like a demanding fund manager.<\/p>\n

In this market full of uncertainty, only traders who are risk-averse and strictly disciplined can lead you through bulls and bears and reach the other side of wealth. After all, in the long run of investment,It's not about who starts faster, but who can still stand in the eye of the storm.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Say goodbye to the \"Champion's Curse\" of blindly chasing high returns, and teach you how to use quantitative indicators like a fund manager to select truly stable copy traders. This article dismantles the four core risk control dimensions in depth: using the maximum drawdown to measure defensive power, using the Sharpe ratio to evaluate risk-reward cost performance, combining the winning rate and profit-loss ratio to understand the underlying logic of profitability, and examining the historical stability of riding through bulls and bears, helping you use professional due diligence thinking to protect principal and weather market storms.<\/p>","protected":false},"author":1,"featured_media":10019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[122],"tags":[1102,861,135],"class_list":["post-10018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorial","tag-1102","tag-861","tag-135"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/posts\/10018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/comments?post=10018"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/posts\/10018\/revisions"}],"predecessor-version":[{"id":10020,"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/posts\/10018\/revisions\/10020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/media\/10019"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/media?parent=10018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/categories?post=10018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/en\/wp-json\/wp\/v2\/tags?post=10018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}