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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
The Golden Cross And Death Cross (An Essential Guide)
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Are you looking for a reliable Forex broker you can trust?
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Disclaimer: I’ll earn a referral fee if you sign up with them. But it comes at no extra cost to you.
9 things professional traders do that losers don't
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Price Action Trading: 6 Things To Look For Before You Place A Trade
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How To Grow A Small Trading Account
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Secrets To Trading Success (What I’ve Learned From The Market Wizards)
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[Be realistic and know that you won’t make money every day]
Here’s the thing:
A trading strategy seeks to exploit certain market conditions in order to profit from it.
(For example, Trend Following makes money when many markets are trending together.)
But as you know, the markets are always changing. One moment it could be trending, the next, it could be ranging.
In other words, you’ll make money when market conditions are favourable to you.
When it isn’t, your trading strategy will lose money—which explains why you won’t make money every day (as market conditions change).
[To be a pro trader, you must be willing to get your hands dirty]
Now:
Just because you came up with a hypothesis to your question, doesn’t mean it’s correct.
That’s why as a professional trader, it’s your job to validate your trading ideas (or hypothesis).
You’ve got to get your hands dirty and do the work like backtesting, forward testing, etc.
For example, you might wonder:
“Is a 10-week breakout better than a 50-week breakout in terms of returns relative to risk?”
Well, to find out you can do a backtest across a universe of stocks using these two parameters, and see which offers a better result.
To make your life easier, here are some tools you can use for backtesting…
Amibroker – A backtesting platform
Norgate Data – Data feed
Upwork – A marketplace to find programmers
Still, most of you won’t do it because it’s easier to solicit an opinion than to actually do the work.
The problem is, you’ll never know if it’s true, or not—that’s why you must be willing to get your hands dirty and do the work!
No edge.
No discipline.
No accountability.
No risk management.
No surprise why most traders fail.
[To be a pro trader, you must think independently ]
One of the reasons why most traders fail is because they ask questions like these…
–Is exponential or simple moving average better?
–Should I buy Tesla stock right now or wait for a pullback?
–What is the best RSI setting?
You’re probably wondering:
“What’s wrong with it?”
Well, it’s a sign you cannot think independently. It shows you want to be spoon-fed so you can skip the “work” and go straight to profits.
Unfortunately, it doesn’t work that way.
Why?
Because in trading, there’s no such thing as “best”.
What’s “best” for me might not be right for you because of our different goals, timeframe, personality, etc.
So…
If you want to succeed in trading (or in business), you must have the ability to think independently.
So instead of asking “what” or “when” questions, learn to ask…
Why.
This means you want to ask questions like:
–Why did he apply this trading strategy only to the stock markets and not FX?
–Why did he use a 200-day moving average as a trend filter?
–Why did he use a 40% trailing stop loss?
Do you see the difference?
Advice to new traders:
You’re not going to get rich quick
Don't hop from system to system
Have a planned exit for every trade
Limit your loss to a fraction of your capital
Your entry is only a small part of the equation
The early years are for learning, profits come later
A detailed guide on how to trade chart patterns like a pro even if you have no trading experience
Learn More 👉 https://www.tradingwithrayner.com/chart-patterns/
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Trend Reversal Trading Strategy Guide
Learn More 👉 https://www.tradingwithrayner.com/trend-reversal-trading-strategy/
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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/
[Avoid this mistake when trading multiple timeframes]
Imagine:
You want to spy on your neighbour for god knows what reason.
Perhaps they are doing illegal activities, you’re a nosy park, whatever.
But there’s a fence built between you and your neighbour so you each have your privacy.
How do you overcome this?
Do you take a trip to space and spy down on your neighbour’s house?
Of course not!
Why?
Because you are “too far” out and the sights (or images) you see will not be relevant to your needs.
You’re probably wondering:
“What has this got to do with trading?”
Well, it’s the same concept.
If you want to glean insights from the higher timeframe, you can’t zoom out too far because the information you’ll get is not relevant to you.
Don't memorize patterns, candlesticks, etc.
If you want to get better at this game, ask yourself:
What are traders on the sideline thinking?
Where will other traders get trapped?
Where’s the path of least resistance?
Where will new players enter?
Where will losers cut loss?
[Be prepared for a steep learning curve before profitability]
I’m sure you can agree:
Professionals like lawyers, doctors, pilots, etc. spend 5 years (or more) to master their craft.
That’s why in the early years of their career, they typically don’t “see the money” as they are in the learning stage.
But when they get good at it, BOOM, the money starts rolling in—but, it doesn’t happen overnight.
And it’s the same for a professional trader!
You’ll take years to build your foundation, make mistakes, find your edge, and if you survive long enough, you can’t help but get good at it.
So, don’t come into trading thinking you can quit your day job after taking an online course—it doesn’t work that way.
There’s a steep learning curve ahead and you must be prepared for it.
You’ve been warned.
Anyone can make money from trading.
But few are consistently profitable in the long run.
Why?
Because only a few have... Edge + Risk Management + Discipline
[How to grow a small trading account (that nobody tells you)]
It’s easy to grow a small trading account.
Want to take $500 and double it within 2 days?
Want to make 50% a week?
It’s easy because all you need to do is risk a huge % of your account on each trade, and if the trade goes your way, BOOM—target achieved.
But here’s the thing…
Just because it’s easy doesn’t mean it’s feasible.
Sure, you can double your account in a few days. But, it’s also a matter of time before you give everything back to the markets, and more.
The solution?
Instead of looking for shortcuts, let time and money be on your side.
This means you’ll regularly add funds to your account and compound your returns.
The markets can reward you for no rhyme or reason.
But if you think you have cracked the code, the market can take everything back and more.
If you don’t want that to happen, always manage your risk—and never assume you know it all.
How Long Does It Take To Be A Profitable Trader?
Learn More 👉 https://www.tradingwithrayner.com/how-long-to-be-a-profitable-trader/
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Do you want to learn how to systematically beat the markets?
Then get your copy of The Essential Guide to Systems Trading (For Non-Programmers).
You’ll discover systematic trading strategies that work so you can beat the markets consistently even if don’t know a single line of code.
Learn More 👉 https://www.tradingwithrayner.com/essential-guide-to-systems-trading/
How to use Moving Average to better time your entries, set proper stops, and ride massive trends
Learn More 👉 https://www.tradingwithrayner.com/moving-average-indicator-strategy/
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These are 23 lessons I’ve learned from some of the greatest traders…
Learn More 👉 https://www.tradingwithrayner.com/trading-quotes/
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A monster guide to candlestick patterns to teach you everything you need to know about candlestick patterns without memorizing a single one
Learn More 👉 https://www.tradingwithrayner.com/candlestick-patterns/
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4 Techniques To Profit From a Stock Market Correction
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[The secret to using multiple timeframes like a pro trader]
I’ll be honest.
I didn’t figure it out on my own.
Instead, I learned it from Adam Grimes and Alexander Elder.
So here’s the “secret”….
When you trade with multiple timeframes, your higher timeframe should be between a factor of 4 to 6 of your entry timeframe.
Confused?
No worries, I’ll explain…
Let’s say for example your trading timeframe is the 1-hour timeframe.
So, which should you reference as your higher timeframe?
1. Take 1-hour multiply by 4, you get a 4-hour timeframe
2. Then, take 1-hour multiply by 6, you get a 6-hour timeframe
This means your higher timeframe can be between 4 and 6-hour
Does it make sense?
Here’s another example:
Let’s say your trading timeframe is the 5-mins timeframe.
Which should you reference as your higher timeframe?
1. Take the 5-mins multiply by 4, you get 20-mins
2. Then, take 5-mins multiply by 6, you get 30-mins
This means your higher timeframe can be between 20 and 30mins
Don't focus on goals like: I want to make $20k a month.
It will NOT improve your results.
Instead, focus on the process like:
I will follow my plan consistently regardless of the outcome.
I will stay out of the market when I don't have a setup.
I will journal my trades.
And etc.
I'm writing a new book on systems trading. But I can't decide on the book cover.
Can you vote your favorite design?
Here's the poll: https://99designs.com.sg/contests/poll/8985bdc8a2
Cheers
MACD Indicator Explained
Learn More 👉 https://www.tradingwithrayner.com/macd-indicator/
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