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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
One trade won't change your life. Thousands of trades with an edge and risk management will.
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Trading Success = Edge + Risk Management + Discipline
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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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I did an interview with Davis from (Options with Davis)
I spoke about my trading journey and lessons learned along the way.
You can check it out here: https://youtu.be/TTBJ69c5aeU?si=N3GBr-mh7BWDf4PY
[The truth is: trading is a get-rich-slow scheme]
You’re probably thinking:
“Then what’s the point of being a trader?”
“No way. I want to make fast money so I can quit my job.”
“But I’ve heard of traders taking a few thousand dollars and turning it into millions.”
Yes, it’s possible to make big returns from trading in a short period.
How?
All you need to do is risk all your capital on one trade.
And if you get a 1-to-1 risk-to-reward ratio, you’ve just doubled your account.
So, what’s the catch?
It’s not sustainable.
Because if you encounter a single loss, that’s the end of your account.
So, how should you approach trading?
As a get-rich-slow scheme.
I know it’s not sexy.
But if you stick with it long enough, it’s possible to grow your account to 7-figures (and beyond).
Here’s how…
– Let’s say you have a $5,000 trading account
– You contribute $5,000 to your account each year
– You earn an average of 20% a year
Now if you do this consistently for 30 years, do you know how much money you’ll have?
$8,278,170.
Yes, you see that right, $8,278,170.
In other words, when you think long-term, the sky is the limit.
Unfortunately, most traders are fixated on the now that they miss the big picture.
Don’t be one of them.
Wycoff Theory For Beginners (The Definitive Guide)
Learn More 👉 https://www.tradingwithrayner.com/wyckoff-theory/
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No market trends all the time.
No range sustains all the time.
No strategy works all the time.
That's why you MANAGE RISK all the time!
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/
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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How To Apply Risk Management In Forex (The Complete Guide)
Learn More 👉 https://www.tradingwithrayner.com/how-to-apply-risk-management-in-forex/
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[STARTS IN 12 HOURS]
When it comes to stock trading, you want to buy stocks that are in an uptrend (just like how you want to chase the hottest chick in school). Why?
Because these are the proven stocks that are likely to continue higher. It could be due to positive sentiments, a well-run company, earnings, etc.
And the good news is, the US stock market is in an uptrend now.
But there are thousands of stocks, how do you know which to buy? When should you enter a trade? And what if the stock goes against you?
Well, in this upcoming webinar, I’ll share with you a simple stock trading system that has generated 3225% over the last 22 years. And yes, you’ll learn when exactly to buy & sell a stock—even if you have no experience.
Sign up now: https://www.tradingwithrayner.com/sts/
Trading isn't some online business where you can start with nothing.
You need money to make money.
A detailed guide on how to use stop loss order like a pro even if you have zero trading experience
Learn More 👉 https://www.tradingwithrayner.com/stop-loss-order/
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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/
[Have another source of income to tide over the tough times in trading]
Here’s the truth:
No matter how good you are as a trader, you’ll encounter losing streaks, losing weeks, and possibly even losing years.
If you do not prepare for it, you’ll face difficulties putting food on the table, paying your bills, etc.
And in such scenarios, it’s difficult to make good trading decisions because you’re trading with money you can’t afford to lose.
You’ll average into your losses hoping to make it back quickly or widen your stop loss so you don’t lose your money.
So what can you do about it?
Well, that’s where having another source of income helps.
It could be having a job, an online business, affiliate marketing, etc.—the more sources you have, the better.
Here are some ideas you can think about:
– Affiliate marketing (recommend products & services you believe in and get paid for it)
– Coaching program
– Online course
– Earn advertising fees (from YouTube, Google, etc.)
Now, building multiple sources of income is like digging a well.
You want to focus on digging a well till water comes up before you move on and dig another well.
Otherwise, if you dig many wells at once, you’ll end up with no water because you didn’t dig deep enough.
And it’s the same thing for building multiple sources of income.
I heard someone comment...
"There are so many SMC traders on YouTube."
You mean...
So Many Confused traders on YouTube?
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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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.
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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[Here’s why you need proper risk management in trading]
Imagine:
There are two traders, John and Sally.
They both start with a $1,000 account
John is an aggressive trader and he risks $250 on each trade.
Sally is a conservative trader and she risks $20 on each trade.
Both adopt a trading strategy that wins 50% of the time with an average of 1:2 risk to reward.
Over the next 8 trades, the outcomes are Lose Lose Lose Lose Win Win Win Win.
Here’s the outcome for John:
-$250 -$250 -$250 -$250 = BLOW UP
Here’s the outcome for Sally:
-$20 -$20 -$20 -$20 +$40 +$40 +$40 +$40 = +$80
Do you see the power of risk management?
So here’s the deal:
As a trader, you’ll encounter losses regularly.
But with proper risk management, you can contain these losses till it feels like an “ant bite”.
Professional traders:
Manage risk
Stay humble
Trade with an edge
Continuously improve Winning rate
Know they can be wrong
Focus on what they do best
Never let ego get in the way
Know when to stay out of the markets
[Consistent actions lead to consistent results]
I remembered my first trading system.
It was using Bollinger Bands—buy when the price is at the lower band and sell when it’s at the upper band.
Using this approach, I had 3 winning trades in a row!
I thought to myself…
“This is it!”
“This is wive life-changing money.”
“I can’t tell anyone less they copy what I’m doing.”
How naive.
Because the next 5 trades were losers!
So I concluded this trading strategy doesn’t work and look for something better.
Then, I chanced upon harmonic patterns.
(Basically, you use tools like Fibonacci retracements and extensions to draw patterns like Crab, Bat, Duck, Dinosaur, etc. as they’re supposed to predict market turning points.)
I spent 6 months learning how to draw these patterns.
As you can tell, I’m a slow learner.
And guess what?
The same thing happened!
I had a few winning trades followed by a series of losses.
Again the voice in my head said…
“This trading strategy doesn’t work. Let’s look for something else.”
So I went around searching for the holy grail.
I’ve tried different indicators, chart patterns, volume profiles, etc.
And the results were similar.
At this point, I’m starting to doubt myself.
I have questions like…
“Why does this always happen?”
“Why am I not getting consistent results in my trading?”
“Why do I make money at the start only to lose it all again?”
Now, do you know what I realized?
It’s me.
The problem lies in me.
That’s because I was hopping from one trading strategy to the next.
My actions were inconsistent. And because my actions were inconsistent, I got inconsistent results. Like duh!
So the bottom line is this…
If you want to be a consistent trader, then you must have a set of consistent actions.
Find a proven trading system that works, and follow the rules day in and out. If you can, consistent profitability is not far away.
And if you want to learn a proven trading system that works, then check this out.
Cheers,
Rayner “the-consistent-trader” Teo
If trading is 80% psychology, then monks will rule the world. Instead, it's a combination of math, logic, and psychology.
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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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Stochastic Indicator Explained
Learn More 👉 https://www.tradingwithrayner.com/stochastic-indicator/
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Today, we have Pham Van Bang on the show!
He is a low profile person and you probably never heard of him.
But Bang is one of the best options traders in Singapore, having made millions from options trading.
What’s interesting about him is, he tried to escape Vietnam during the war and failed. Two times!
So he had no choice but to make do with whatever little he had and claw his way upwards—and today, he is a multi-millionaire.
So during my conversation with Bang, you’ll learn:
• How did Bang go from nothing (not even speaking English) to becoming a director at P&G and eventually becoming a multi-millionaire
• Why options trading and not stocks?
• Why he is a net seller of options (and not a buyer)
• How to validate if a trading strategy works or not
• Why he chose to keep his full-time job for many years even though he’s a successful options trader
Sounds good?
Then go listen now: https://youtu.be/T8WvHvHt3YY