86755
Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
Are You About To Quite Trading
Learn More 👉 https://www.tradingwithrayner.com/are-you-about-to-quit-trading/
Share ✌️ http://t.me/tradingwithrayner
[Learn everything about trading, then pick what you need]
As a new trader, there are things you know that you don’t know.
And then, there are things you don’t know that you don’t know (which are even more).
So, don’t focus on one technique or strategy too early because it might not be a good fit.
Instead, explore your options out there.
Learn as much as you can about trading, anything you can get your hands on.
Things like day trading, swing trading, RSI, MACD, stochastic, moving average, counter-trend trading, trend following, etc.
Now here’s the thing:
Not every trading tool you learn will be useful to you.
But the key is to understand what it is, how it works, and the purpose of it.
For example:
The moving average is a trend following indicator (what it is).
It works by calculating the average price over a given period and is plotted as a line on the chart (how it works).
You can use moving average to trail your stop loss, identify the area of value, and filter for trending market conditions (the purpose of it).
Now…
Once you know the different tools out there, you can pick the right ones to fit your needs—and not blindly follow the herd.
No one can consistently predict the markets, call tops and bottoms.
So just follow price. Ride winners. Cut losers.
You'll be much further ahead than trying to outsmart the market.
[It never hurts to start small]
Let me ask you…
If you can afford to lose $10,000 without affecting your lifestyle, how much should you fund your trading account?
$10,000?
Wrong answer.
That’s because when you first start trading, your performance will be at its worst.
You’ll make trading mistakes, give in to your emotions, and do things that are detrimental to your account like averaging your losses, widening your stop loss, etc.
This means your $10,000 will not last long.
The solution?
Start with a small trading account.
This way, your mistakes won’t be costly and even if you lose it all, you have money to fund another account.
Because no matter what, you must pay tuition fees to the market.
The question is, do you want to pay more or less?
If you want a fixed monthly income, don't be a trader.
Читать полностью…
[Don’t tell anyone that you’re a trader yet]
You’re wondering:
“Why can’t I tell others that I’m a trader?”
Well, if you’re a consistently profitable trader, then go ahead. There’s no issue with it.
If you’re not, then it’s best to keep quiet about it.
That’s because when you tell your friend that you’re a trader, the first question you’ll get is…
“Have you made money from trading?”
Your answer is probably no.
And you won’t feel good about it as you’re reminded of your losses and how incompetent you are.
The next time you meet up with your friend again, guess what’s the first question he’ll ask you?
“Have you made money from trading?”
Again, your answer is no and you’ll feel horrible about it.
Now when you meet your friend the next time, guess what’s one question he’ll ask you?
You get my point.
So to avoid this “trauma”, don’t tell anyone about your trading endeavor—not even your family.
How To Think In Probabilities
Learn More 👉 https://www.tradingwithrayner.com/how-to-think-in-probabilities/
Share ✌️ http://t.me/tradingwithrayner
[The financial markets are rigged, but…]
Yes, the financial markets are rigged against you.
Those with deep pockets can “temporarily” move the market to trigger stop losses and options expiry levels.
So the way I see it, you have 2 choices.
You can blame the system but it won’t get you anywhere besides more losses and frustrations.
Or, you can learn how the game is played and profit from it.
The choice is yours.
If you want a fixed monthly income, don't be a trader.
Читать полностью…
[Don’t trade based on other people’s opinions]
Today…
There’s a ton of information on Twitter, Facebook, trading forums, etc.
The problem is…
It doesn’t make you a better trade, far from it.
Here’s an example. Imagine…
Someone posts a chart on Tesla and explains why he is bullish on it.
Next, there are 100 thumbs up and a flood of comments agreeing with the analysis.
So you quickly buy the stock of Tesla hoping to make a quick profit out of it.
Now here comes the critical part…
What if the price of Tesla drops 30%?
Do you sell, hold, or buy even more?
You don’t know because you’re trading based on the opinion of someone else.
You might be wondering:
“Well, I’ll just ask the original poster for an update on Tesla.”
Then one of these will likely happen…
–He sold his position for a small profit and you didn’t know about it
–He sold his position for a small loss but you’re still holding the stock
–He doesn’t reply to you
Either way, you’re on the losing end.
Do you see what I mean?
So, never trade based on the opinions of others.
They won’t tell you how long they plan to hold the trade, when to cut loss, or when to take profit.
Instead, you must have your own trading system that tells you when exactly to buy or sell. This way, you’ll never be at the mercy of others again.
You shouldn't think about how much money you're going to make this week.
Instead, you should ask yourself:
Do I have a plan that keeps me in this business for the next 20 years?
If you do, the money will take care of itself.
[Make it painful to not follow your trading plan]
Here’s the thing:
Just because you have a trading plan doesn’t mean you won’t have itchy fingers.
Because you might lack the discipline to follow your trading plan even though it’s good for you.
(Kind of like how you don’t eat enough vegetables even though you know it’s good for you.)
The solution?
Be accountable to someone. It could be your spouse, a friend, or someone you trust.
Let them know whenever you deviate from your trading plan, you’ll be penalized.
The penalty could be something like:
–$50 donation to your favourite charity
–Wash the toilets for a week
–Do 100 push-ups
You want to make sure the pain of not following your trading plan is greater than following it.
This way, the mind gravitates toward the least amount of pain which is to follow your trading plan.
This means your actions become consistent and you get consistent results.
Good trading isn't about how much you make.
You can make money on poor decisions and lose money on good decisions.
Instead, focus on the process.
Trade with an edge. Execute your trades consistently. And have proper risk management.
Technical Analysis Was Hard Till I Discovered This SECRET
Learn More 👉 https://www.tradingwithrayner.com/technical-analysis-was-hard-till-i-discovered-this-secret/
Share ✌️ http://t.me/tradingwithrayner
Don't take losses personally because the market has nothing against you.
It doesn’t know who you are, what you do, or why you traded.
Instead, it’s an opportunity to learn what works and what doesn't, so you can become a better trader.
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
I’ve Been Trading For 13 Year Here’s My Best Advice
Learn More 👉 https://www.tradingwithrayner.com/my-best-trading-advice/
Share ✌️ http://t.me/tradingwithrayner
Do you want to read the price action of the markets like a professional trader?
Then download a FREE copy of The Ultimate Guide to Price Action Trading.
You’ll learn how to better time your entries, “predict” marketing turning points, identify explosive breakout trades about to happen, and much more…
Click the link below and grab your copy, it’s free!
https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
How To Use Fibonacci Retracement (The Definitive Guide)
Learn More 👉 https://www.tradingwithrayner.com/how-to-use-fibonacci-retracement/
Share ✌️ http://t.me/tradingwithrayner
How To Draw Accurate Support and Resistance Levels
Learn More 👉 https://www.tradingwithrayner.com/how-to-draw-accurate-support-and-resistance-levels/
Share ✌️ http://t.me/tradingwithrayner
The Definitive Guide To Candlestick Reversal Patterns
Learn More 👉 https://www.tradingwithrayner.com/candlestick-reversal-patterns/
Share ✌️ http://t.me/tradingwithrayner
I’ve read hundreds of trading books and most are a waste of time.
But among the junk, 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.
Do you want my list of top trading books?
Get it here: https://tradingwithrayner.kit.com/1bcc67204f
Price Action Trading Didn't Work Till I Discovered These 3 Strategies
Learn More 👉 https://www.tradingwithrayner.com/price-action-trading-strategies/
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/
Gravestone Doji: The Definitive Guide
Learn More 👉 https://www.tradingwithrayner.com/gravestone-doji/
Share ✌️ http://t.me/tradingwithrayner
Moving Average Did’t Work Tiil I Discovered This SECRETS
Learn More 👉 https://www.tradingwithrayner.com/moving-average-did-not-work-till-i-discovered-this-secret/
Share ✌️ http://t.me/tradingwithrayner
Support and Resistance Didn’t Work Till I Discovered This SECRETS
Learn More 👉 https://www.tradingwithrayner.com/support-and-resistance-did-not-work-till-i-discovered-this-secret/
Share ✌️ http://t.me/tradingwithrayner
The Ultimate Guide to Trend Reversal Indicator
Learn More 👉 https://www.tradingwithrayner.com/trend-reversal-indicator/
Share ✌️ http://t.me/tradingwithrayner
[It sucks, but just let the price hit your stop loss]
Imagine:
You buy 1 standard lot of GBP/USD at 1.4300 and have a stop loss at 1.4250.
This means if the price drops to 1.4250, you will exit the trade for a loss of $500 (or 50 pips).
Now, this is fine if you allow your stop loss to do its job.
However, you might be thinking…
“I know the market is about to rebound.”
“I’ll look like an idiot if I were to sell right now and only to watch the market reverse higher.”
“Let me hold on to the trade for a while longer and sell at the next rally.”
And what happens next?
The market collapsed another 500 pips.
Eventually, the pain is too much to bear and you forced yourself to exit your position.
And because of your hesitation, a $500 loss amplified into $5,500.
So, the bottom line is this…
Honour your stop loss.
It’s there to protect your trading account even though it’ll make you look like a fool once in a while.
Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
Learn More 👉 https://priceactiontradingsecrets.com/