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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
11 Trading Lessons I’ve Learned From 11 Years Of Trading
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Swing Trading Techniques That Work
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7 Best Practice In Your First Year Of Trading
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20-Day & 30- Day Moving Average: Definition, Calculation & Strategies
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Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
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6 Trading Habits Which Keep You Poor (Without You Realizing It)
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100- Day Moving Average: Definition, Calculation & Strategies
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I’ve read hundreds of trading books and most are a waste of time.
However, there are a few trading books that transformed my trading.
These books contain trading systems with backtested results (not some theory that sounds good on paper).
This means…
• You save time because you don’t have to read books that get you nowhere.
• You save money because you don’t have to buy worthless books.
• You shortcut your learning curve by standing on the shoulders of giants.
Interested?
Then grab my list of top trading books here…
https://tradingwithrayner.kit.com/1bcc67204f
How To Read and Interpret The Moving Average
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[How to use trading indicators like a pro]
A mistake almost all new traders make is to add many indicators onto their charts, regardless of whether the indicators have a purpose, or not.
But as you know, having more indicators doesn’t mean a thing. Instead, they only add “noise” to your trading and make things more confusing.
So, the rule is this:
Every trading indicator on your chart must have a purpose.
For example…
If you want to identify the trend, then you can consider the Moving Average.
If you want to time your entry, you can consider Stochastic or RSI.
If you want to trail your stop loss, you can consider Chandelier Exit or Moving Average.
So, if there’s an indicator on your chart and you can’t find a purpose for it, exterminate it.
“Losing trades is like diarrhoea. It's a pain in the ass but eventually, you have to let it go." – Unknown
Читать полностью…
[Why you lose money with trading indicators]
Here’s the thing:
There are profitable traders out there who use indicators in their trading.
And you’re probably thinking:
“Since they are making money with these indicators, why don’t I just copy them?”
So, that’s what you do.
You follow the same indicators, settings, instructions, etc.
But, you still lose money with trading indicators.
Why?
Because what you see is only the surface, not the complete picture.
Here’s an example:
Let’s say Michael is a profitable trader who relies on trading indicators to time his entries and exits.
Now, the reason why Michael finds success with indicators is not that he found the “perfect” settings or whatsoever.
Rather, it’s because he knows how to switch gears and use different indicators for different market conditions.
So if you were to blindly follow what he does, then when the market changes, your trading indicators will stop working and that’s when the bleeding starts.
I tried chart patterns and failed.
I tried trading indicators and failed.
I tried harmonic patterns and failed.
I tried candlestick patterns and failed.
Eventually, I realized it was not the tools—but me.
And everything clicked.
[Why you lose money with trading indicators]
Many traders don’t know how this game is supposed to be played.
They believe the answer lies in the “right” combination of indicators that will make them rich.
So they buy the latest trading indicators to help them crack the code.
And after many failed attempts, they wonder why they lose money with trading indicators.
Do you want to know why?
Here’s the truth…
Indicators are a derivative of price. They simply indicate to you what has happened, not what will happen.
So, no matter how many different combinations you try, you’ll never be a profitable trader if you solely rely on trading indicators to make your decisions.
Trading indicators are meant to aid your decision-making process, not be the decision-maker.
Stop forcing trades when there’s nothing.
Instead, pick a level to trade where you’ll lose small when wrong—and earn big when right.
You pay less in commissions, make less mistakes, and have less stress.
[When it comes to trading indicators, less is more]
Here’s the thing:
Having more indicators on your chart does not increase your chances of a winning trade but only gives you analysis paralysis and not taking the trade.
You’d probably get better results if you only had a handful of indicators on your chart!
That’s why we want to have an indicator that can single-handedly:
-Determine your entries
-Determine how you’ll take profits
-Determine your stop loss
Having fewer indicators keeps your charts clean and helps you make faster decisions which will make your trading process much more efficient.
Quit trying to trade every level on your chart.
Instead, pick a spot to trade where you’ll lose small when wrong—and the market can reward you when right.
The result?
Less trading, less commissions, less mistakes, and a fatter bottom line.
10-Day Moving Average: Definition, Calculation & Strategies
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If you’re broke, don’t be a trader.
Instead, get a job so you can pay the bills.
Then, you can learn how to trade.
This puts you in a position of strength as you remove “the need to make money” syndrome.
Doing this will 10x your chance of success.
[The longer it ranges the harder it trends]
If you notice the price has been ranging for a long time, you’re not alone.
Traders all around the world will be seeing the same charts as you.
Some will be queuing to short the resistance, and some will be trading the breakout.
If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.
That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.
Get your hands dirty and do the work because that's how you develop conviction in your trading strategy.
Then apply risk management so you don't blow up.
Finally, stop chasing the latest fads because it won't make you a better trader—doing the work will.
[How to use trading indicators like a pro]
You don’t want to have multiple indicators from the same category because they are correlated and doesn’t provide any new information.
That’s like trying to get your wife pregnant in one month by “firing” incessantly. It doesn’t work.
And it’s the same for trading.
So, the rule of thumb is this:
Have only one indicator for each purpose.
I’ll explain…
If you want to trail your stop loss, you can use either the Moving Average or Chandelier Exit — but not both.
Or if you want to time your entry, you can use either the RSI indicator or Stochastic, but not two together because they have the same purpose.
Does it make sense?
If you take care of your downside, your profits will take care of itself.
Читать полностью…
The Essential Guide To RSI Indicator
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The Definitive Guide on How to Set a Stop Loss
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Do you want to read candlestick patterns like a professional trader?
Then download a FREE copy of The Monster Guide to Candlestick Patterns.
You'll discover how to "predict" market turning points and better time your entries & exits—even if you have no trading experience.
Click the link below and grab your copy, it’s free!
https://www.tradingwithrayner.com/candlestick-pdf-guide/
The Complete Guide to demo Trading
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The Best Indicators for Swing Trading (Profit From Different Market & Timeframe)
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I Lost 50% Of My Capital Before Turning Profitable. Here’s How…
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Best Trading Books (for Beginners to Advanced Traders)
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