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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
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/
[The truth about support and resistance nobody tells you]
If you read most trading textbooks, they’ll tell you that the more times support and resistance are tested, the stronger they become.
But that’s not true, because the more times support and resistance are tested within a short period, the weaker they become.
Here’s why…
Support exists because there’s potential buying pressure around a certain price level.
(This buying pressure could be institutional orders, retail orders, smart money, etc.)
So what happens when the price re-tests support multiple times?
Well, these orders start to fill up.
Eventually, when all these orders are filled up, there’s no one left to buy and that’s when support breaks.
This means the more times support and resistance is tested (especially within a short period), the weaker it becomes.
Why a short period?
Because it’s unlikely new orders will be “replenished” so quickly.
And that’s why the more times support and resistance are tested within a short period, the weaker they become.
The markets will reward you for no rhyme or reason.
Once you think you have it figured out, it takes everything back, and more.
So never take things for granted.
[The hidden cost of copy trading that nobody tells you]
Copy trading is a business.
So, if you’re not being charged any upfront fee, then you’re paying more for the spread and overnight fees.
I’ll explain…
For most Forex brokers, the spread on EUR/USD is 1 pip. But on a copy trading platform, you might pay 2 to 3 pips more.
But don’t take my words for it because you can compare the spreads of a normal Forex broker with a copy trading platform and you’ll see the difference.
So, what’s the implication?
Two things.
#1: If you’re a trader being copied, then bear in mind your trading strategy won’t work as well because you’re paying more in spread (compared to a typical Forex broker).
#2: If you’re copying another trader, then it’s best to follow traders who trade infrequently so the spread doesn’t eat up a huge chunk of your profits.
Now, the spread isn’t your only cost because you still have to consider overnight fees (if you’re holding positions for longer than a day).
This fee is calculated by taking Libor + X%.
(Libor stands for inter-bank offered rate. It’s an interest rate that banks charge to other banks for borrowing the money.)
So, what is X?
Well, this is the mark up that’s determined by the copy trading platform and you’ll need to check with them for the exact amount.
The good news is, you don’t have to worry about calculating all these because the platform will likely do it for you—so do check it out before placing a trade.
Now, there are probably other fees to consider but the spread and overnight fees make up the chunk of it.
No edge.
No discipline.
No accountability.
No risk management.
No surprise why most traders fail.
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
[Pullback stock trading tips]
When it comes to stock trading, it’s possible to have hundreds of stocks forming a pullback trading setup at the same time.
So the question is:
How do you know which stocks to buy and which to avoid?
Well, the secret is to focus on stocks which have increased the most in price over the last 12 months.
Why?
Because these are stocks likely to outperform the market (and it’s been proven in theory as well according to the paper Returns to Buying Winners and Selling Losers by Jegadeesh and Titman).
So, how do you apply this to your trading?
1. Rank stocks according to their rate of change (ROC) over the last 50-weeks—from the highest to the lowest
2. Look for a pullback trading setup on stocks with the highest ROC value. If there isn’t, then move to the next stock (with a lower ROC value)
3. The top 5 stocks with a valid pullback trading setup are the ones to focus on
Pro Tip:
You can use a platform like Thinkorswim to help you rank the stocks, and it’s free.
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.
[How to improve your trading results, fast]
Here’s the deal:
You can figure things out on your own which will cost you time and money or, simply follow what works.
You’re probably wondering:
“How do I know what works?”
Well, the key thing is to look for trading books which contain specific trading rules with backtested results.
Here are some books worth checking out:
Following the Trend: Andreas Clenow
Trading systems: Urban & Emilio
Automated stock trading: Laurens Bensdorp
Short-term trading strategies that work: Larry & Cesar
Building Reliable Trading Systems: Keith Fitschen
This way, you don’t have to re-invent the wheel and can simply tweak their trading strategy to your needs.
One tip I can give to a fearful trader is to trade smaller.
Keep reducing risk to your comfort level, and slowly work your way up.
Rome wasn't built in a day and it's the same for your trading account.
[My trading journey]
Here’s my learning curve as a trader:
I started with indicators, then price action trading.
And for a few years, I thought that’s all I needed because after all, the price is king and that’s all I needed to be a profitable trader.
But that hurts my growth because I tuned everything else out (and limited myself only to price action trading).
When I realized my folly, I quickly went back to being a student of the markets.
So I asked myself:
“What are other winning traders doing to profit from the markets?”
That’s when I got exposed to trend following, systems trading, mean reversion trading, etc.
The outcome?
Today, I trade multiple trading strategies across different markets—which results in a smoother equity curve of my portfolio.
So the lesson is this:
You might be a profitable trader but, it doesn’t mean your learning curve is over because you’re always a student of the market.
Your trading entry is not everything!
Don’t forget:
Risk management
Trade management
Position sizing
Mental capital
Context
Exits
Richard Dennis took a $400 trading account and turned it into $200 million. Here are 17 powerful lessons you can learn from it…
Learn More 👉 https://www.tradingwithrayner.com/richard-dennis/
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Discover how swing trading can improve your trading results and profitability—without spending hours in front of your monitor
Learn More 👉 https://www.tradingwithrayner.com/swing-trading/
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Are you looking for a reliable Forex broker you can trust?
Then you might want to check out ICMarkets.
It has 20,000+ positive reviews on Trustpilot, regulated by ASIC, and has one of the lowest spreads in the industry.
Learn more: https://tradingwithrayner.com/broker
And when you sign up with ICMarkets, you’ll get free 6 months of access to Pro Traders Edge (worth $294).
Here’s what you need to do…
1. Sign up for a live account
2. Fund a minimum of $500.
3. Place 1 live trade.
And that’s it!
Open an account now: https://tradingwithrayner.com/broker
Disclaimer: I’ll earn a referral fee if you sign up with them. But they are reliable in my opinion (as of this writing).
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/
The Complete Guide to Bracket Orders
Learn More 👉 https://www.tradingwithrayner.com/bracket-orders/
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The Essential Guide To Breakout Trading (What Nobody Tells You)
Learn More 👉 https://www.tradingwithrayner.com/breakout-trading-guide/
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Everything you need to know about trading pullbacks and breakouts successfully
Learn More 👉 https://www.tradingwithrayner.com/guide-to-trading-pullbacks-and-breakouts/
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Forex Market Vs Stock Market: Which One Should You Trade?
Learn More 👉 https://www.tradingwithrayner.com/forex-market-vs-stock-market/
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Ed Seykota took a $5000 account and turned it into $15,000,000. Here are 19 powerful trading lessons you can learn from him…
Learn More 👉 https://www.tradingwithrayner.com/ed-seykota-trading-lessons/
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Trading as a business: How to successfully start one and avoid the common pitfalls that destroy most traders
Learn More 👉 https://www.tradingwithrayner.com/trading-as-a-business/
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Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
Learn More 👉 https://priceactiontradingsecrets.com/
Discover how to use Trend Line to better time your entries, ride massive trends, and “predict” market turning points
Learn More 👉 https://www.tradingwithrayner.com/trend-line-trading/
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Discover 5 proven trailing stop loss techniques to help you reduce risk and ride massive trends
Learn More 👉 https://www.tradingwithrayner.com/trailing-stop-loss/
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Discover swing trading strategies that work so you can profit in bull and bear markets
Learn More 👉 https://www.tradingwithrayner.com/swing-trading-strategies/
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The Essential Guide To The ABCD Pattern
Learn More 👉 https://www.tradingwithrayner.com/abcd-pattern/
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[If you want a consistent income, don’t be a trader]
Here’s the deal:
Many traders get into trading because they want to generate another source of income.
That’s because they want to quit their 9 to 6 job and have the freedom to do the things you love.
Now, if that sounds like you then here’s a warning to you…
Trading is one of the worst ways to earn a regular source of income.
Why?
Because the markets are always changing!
A trading strategy that makes money this week might go into a drawdown the next.
Now, it doesn’t mean you can’t trade the strategy anymore but, it’ll take time for market conditions to revert to your favour—and it could take a few weeks or months.
This means you shouldn’t expect to make profits every single day, week or month.
You only take what the markets give, and nothing more.
Trading will not make you rich.
At least not next week, month, or year.
But if you persevere, protect your downside, and compound your returns—you will make it.
[The ONE thing you must have in trading that nobody tells you]
This is one of the biggest trading myths which have fooled most traders…
“If you have a winning trading strategy, you can use it to make millions of dollars from the markets.”
That’s B.S.
I’ll explain…
Yes, you can have a winning strategy but, it doesn’t mean you can make millions of dollars.
Why?
Because the size of your account matters!
Let me give you an example…
Let’s say you have a trading strategy that makes 20% a year.
On a $1,000 account, that’s $200/year.
On a $10,000 account, that’s $2,000/year.
On a $1m account, that’s $200,000/year.
As you can see, your trading strategy is one part of the equation, the other equally important aspect is the size of your account.
And this is the same reason why hedge funds raise millions, if not billions of dollars—they need money to make money in trading.