60986
Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
As a trader, you have to be willing to lose money to make money.
Читать полностью…
The Fastest Way To Become A Profitable Trader
Learn More 👉 https://www.tradingwithrayner.com/fastest-way-to-become-a-profitable-trader/
Share ✌️ http://t.me/tradingwithrayner
[Don’t use a fixed position size, do this instead…]
Most traders are fascinated with technical analysis, candlestick patterns, trading indicators, etc.
When you see “something” nice, you quickly hit the buy button without giving much thought to your position size—which is a big mistake.
Why?
Because without proper position sizing, your wins and losses are erratic.
Here’s an example:
Let’s say you buy 1 standard lot of EUR/USD with a stop loss of 20 pips.
How much could you lose?
Well, it’s a potential loss of $200 (20 x $10/pip).
Now, what if you have 100 pips stop loss?
It’s a potential loss of $1000 (100 x $10/pip).
You might be thinking:
“My stop loss in terms of pips will be the same.”
“This way, I can keep my losses constant on each trade.”
That is possible but…
What if you trade a different timeframe where it doesn’t make sense to use the same number of pips as your stop loss? (E.g. A 20 pips stop loss might work on the 5-minutes timeframe but not on the daily.)
Or what if you trade a different currency pair with a different pip value?
Do you see my point?
So the lesson is this…
The size of your losses should be the same for each trade.
But your position size should be adjusted according to the size of your stop loss.
A tighter stop loss allows you to increase your position size.
A wider stop loss requires a smaller position size.
Money Flow Index Indicator (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/money-flow-index/
Share ✌️ http://t.me/tradingwithrayner
This is a 31-page trading booklet that contains a specific trading system that has generated 1451.74% since 2000—and has 18 winning years out of the last 20.
Learn More 👉 https://pullbackstocktradingsystem.com/
Do you trade the US stock market?
Then join me at my free upcoming event called, Stock Trading Secrets.
Claim your free ticket here: https://www.tradingwithrayner.com/sts/
In this 2-hour webinar, you'll discover...
1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis
2. How to grow your account to 7-figures and beyond even if you have a small starting capital
3. How to generate consistent profits during a bull market, bear market, or even a recession
4. A simple trading system to profit from the stock market—even if you have tried everything else and failed
So if you trade the US stock market or have plans to do so, then this event is for you.
Claim your free ticket here... https://www.tradingwithrayner.com/sts/
Limit Order vs Stop Order: Which one Should You Use And Why?
Learn More 👉 https://www.tradingwithrayner.com/limit-order-vs-stop-order/
Share ✌️ http://t.me/tradingwithrayner
Triple Bottom Chart Pattern (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/triple-bottom/
Share ✌️ http://t.me/tradingwithrayner
The Complete Guide To Renko Charts
Learn More 👉 https://www.tradingwithrayner.com/renko-charts/
Share ✌️ http://t.me/tradingwithrayner
Three White Soldiers Candlestick Pattern (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/three-white-soldiers/
Share ✌️ http://t.me/tradingwithrayner
Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
Learn More 👉 https://priceactiontradingsecrets.com/
The Complete Guide to Bracket Orders
Learn More 👉 https://www.tradingwithrayner.com/bracket-orders/
Share ✌️ http://t.me/tradingwithrayner
Someone recently asked me…
“If you have 6 months left to live, how will you spend your days?”
There are many things I want to do, but my top priority is…
To impart life lessons to my children so they can avoid the mistakes I’ve made and “profit” from my experience.
However…
They are not ready to receive those lessons yet.
(The youngest one just started walking and the older one still needs someone to feed him, lol.)
So, what’s the solution?
Well, I recorded videos of myself teaching these life lessons and uploaded them to YouTube.
This way, when my children grow up, the lessons will be there even if I’m gone. But I hope not!
Anyway…
If you are interested in these life lessons, you can watch it here (it’s free).
Here's the link: lessonstomychildren/videos" rel="nofollow">https://www.youtube.com/@lessonstomychildren/videos
(Btw, I have no fixed posting schedule. So if you want to be notified whenever I share a new lesson, then subscribe here: https://www.youtube.com/channel/UC_s-3Z9tjjj-fnHKfAnI78A?sub_confirmation=1)
The Complete Guide to Trend-Following Strategies
Learn More 👉 https://www.tradingwithrayner.com/trend-following-strategies/
Share ✌️ http://t.me/tradingwithrayner
How To Draw Supply And Demand Zones (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/supply-and-demand-zones/
Share ✌️ http://t.me/tradingwithrayner
“If you have 6 months left to live, how will you spend your days?”
There are many things I want to do, but my top priority is…
To impart life lessons to my children so they can avoid the mistakes I’ve made and “profit” from my experience.
However…
They are not ready to receive those lessons yet.
(The youngest one just started walking and the older one still needs someone to feed him, lol.)
So, what’s the solution?
Well, I recorded videos of myself teaching these life lessons and uploaded them to YouTube.
This way, when my children grow up, the lessons will be there even if I’m gone. But I hope not!
Anyway…
If you are interested in these life lessons, you can watch it here (it’s free).
Here's the link: lessonstomychildren/videos" rel="nofollow">https://www.youtube.com/@lessonstomychildren/videos
[WE ARE LIVE]
In this 2-hour webinar, you'll discover...
1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis
2. How to grow your account to 7-figures and beyond even if you have a small starting capital
3. How to generate consistent profits during a bull market, bear market, or even a recession
4. A simple trading system to profit from the stock market—even if you have tried everything else and failed
So if you trade the US stock market or have plans to do so, then this event is for you.
Claim your free ticket here... https://www.tradingwithrayner.com/sts/
[STARTING IN 12 HOURS]
In this 2-hour webinar, you'll discover...
1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis
2. How to grow your account to 7-figures and beyond even if you have a small starting capital
3. How to generate consistent profits during a bull market, bear market, or even a recession
4. A simple trading system to profit from the stock market—even if you have tried everything else and failed
So if you trade the US stock market or have plans to do so, then this event is for you.
Claim your free ticket here... https://www.tradingwithrayner.com/sts/
No matter how successful you are, you must always respect risk.
Or else, you’re just one trade from losing it all.
[Do you really need both Stochastic indicator & RSI?]
Well, they are similar but different.
I’ll explain…
The stochastic indicator and RSI are similar because they are both momentum oscillators.
In other words, they measure momentum in the market and their values range between 0 and 100.
But how are they different?
Well, the calculations that go into the stochastic indicator and the RSI indicator are different.
However, they use the same concept which is to measure momentum.
Thus, you shouldn’t be surprised to see both stochastic indicator and RSI pointing in the same direction (albeit with different values).
So, the bottom line is this…
If you want to use a momentum indicator (like RSI or Stochastic), just pick one will do because they pretty much tell you the same thing.
In trading, EQ (emotional intelligence) is greater than IQ (intelligence quotient).
It's not just about being smart, but also about being disciplined, patient, and adaptable to changes in the market.
[A stop loss order will save your trading account, here’s why…]
A stop loss order is a type of order that gets you out of a trade automatically.
It means that you don’t need to stare at your charts the whole day and try to scare your pants off as the price approaches your stop loss order.
Now…
I’m not going to lie to you…
It hurts taking a loss…
Even if it’s just a losing trade.
But how would you feel when your stop loss order got hit, and the price went against you even more?
Except…
You’re not there to take the hit.
You feel relieved, right?
Not only do you free up space on your portfolio early to look for better trading opportunities.
But you also prevented a huge potential loss.
Can you see why this is important?
That’s why you can think of a stop loss order as a “risk police” that prevents you from losing more money or having unexpected losses.
Are You About To Quit Trading?
Learn More 👉 https://www.tradingwithrayner.com/are-you-about-to-quit-trading/
Share ✌️ http://t.me/tradingwithrayner
[Get out of demo trading and start small]
Now…
It doesn’t matter whether you want to start with $100, $500, or $1,000.
What matters is that you get out of demo trading.
Start trading live.
Start trading small.
And start practicing good trading habits.
I know the feeling of being nervous when live trading for the first time, and that’s okay.
But if you start small first to build confidence, instead of going all-in with your family’s wealth (I damn hope not)…
You’ll find yourself in an excellent spot to start trading and put yourself in an environment to keep on improving as a trader.
Sounds good?
In business:
You need capital.
You got expenses to cover.
You don't expect to succeed from day one.
You need some time before you make a profit.
Trading is a business—so treat it as one.
[Don’t demo trade for too long]
So, how long should you demo trade?
One month?
Four months?
One year?
The truth is that it depends…
If you’re a day trader, then you may want to consider demo trading for one month
If you’re a swing trader, however, then you may want to consider demo trading for three months
The concept is that the higher the frequency of your trades are, the less time you should do demo trading, and if the frequency of your trades is lower then it’s the opposite.
Remember…
Your goal in demo trading is not just to test whether your strategy works.
But to see whether or not your trading plan or trading routine is for you so that you can make tweaks along the way.
Never trust anything. Always verify everything.
Especially in trading.
[You don’t need to monitor your trades the whole day]
You might have heard the saying...
"You need to monitor your trades all the time to be a successful trader."
That’s false.
Instead, you need a trading routine that works. One that doesn’t require you to stare at the charts all day.
So here’s a template you can use…
Example 1: You have a full-time job
• Weekends = Identify potential trading setups for the week
• Before work = Identify setups that are triggered and place your orders
• Lunch time = Check your portfolio and see if your trades are executed
• After work = Journal and review your trades
Now, what if you are a day trader?
Example 2: You are a day trader
• Before market hours = Identify potential trading setups for the day
• Market hours = Set alerts when the price comes to your level and trade it according to your plan
• After market hours = Journal and review your trades
Now…
Regardless of the type of trader you are, you must devote time to planning.
Because if you fail to plan, then you plan to fail.
Seeing your account go nowhere can be difficult
But rem, you need time for your edge to play out
You won't be a profitable trader after taking a course
You don't get a baby in 1 month by getting 9 women pregnant
Rome isn't built in a day—and it's the same for your account
How to Identify Trend Reversal Patterns (The Ultimate Guide)
Learn More 👉 https://www.tradingwithrayner.com/trend-reversal-patterns/
Share ✌️ http://t.me/tradingwithrayner