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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
I’ve just published a new book called, Trading Systems That Work (TSTW).
This is a 198-page eBook that contains 3 proven trading systems that work so you can profit in a bull & bear market—even during a recession.
You might be wondering…
“What makes this different from other trading books?”
Well, I wrote it! And there’s only one Rayner Teo in this world. Heh.
Anyway…
Unlike other trading systems that are based on theory, Trading Systems That Work is based on quantifiable data.
The exact trading rules and results are disclosed so you can verify the historical performance.
Learn more: https://tradingsystemsbook.com/
ATR Indicator Explained
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Volume Weighted Moving Average (The Essential Guide)
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[The truth about trading nobody tells you]
Trading is a get-rich-slow scheme.
You’re probably wondering:
“But Rayner, I’ve heard of traders trading a small account and turning it into 7-figures.”
Now, that could be possible but the odds of you pulling it off are slim to none.
Here’s why…
The only way for you to make a huge sum of money quickly is to take a huge risk on your trades.
If you get lucky, you could generate 6 or 7-figures on your account.
But here’s the deal:
99% of traders who attempt it will blow up their accounts. Only a lucky few could get away with it (and it’s nothing to do with skill, but luck).
But hey, don’t take my word for it. Here’s what Warren Buffet has to say about his wealth…
“My wealth has come from a combination of living in America, some lucky genes and compound interest.” – Warren Buffet
The keyword here is compound interest.
In other words, Warren Buffet became the richest investor in the world by being the best at what he does and, compounding his returns.
This is not achieved over a few weeks or months—rather, it’s compounded over 50+ years.
So, if you’re looking at trading as a get-rich-quick scheme, then guess what? You are the scheme.
Trading doesn't offer a fixed monthly income.
But it can give you the freedom to earn much more if you're willing to put in the work and take Fcalculated risks.
[You’re always a student of the markets]
Here’s my story…
I started with price action trading in my early years of trading. I dived deep into topics like candlestick patterns, support & resistance, chart patterns, etc.
After I had a firm grasp of price action trading, I wondered to myself…
“How do hedge funds and institutions trade the markets?”
This brought me to the world of Trend Following—how billion-dollar hedge funds profit in bull & bear markets.
At this point, I realized Trend Following is only one type of systematic trading strategies.
As I dug deeper, I discovered more trading systems that could profit in different market conditions—which incentivized me to build my own trading systems.
The best part?
I’m still learning every day even though I’ve been trading for more than a decade now.
So my point is this…
As a professional trader, you will always be a student of the markets.
Because there are new trading strategies to learn, emotional demons to conquer, and market changes to adapt to.
The day you stop learning is the day you start failing—don’t let that happen to you.
Most broke people can't be successful traders.
The desperate need to make money often repels the very thing you seek.
Get a job first, build a solid foundation and then figure out trading.
Go slow to go far.
[Don’t be fooled by this trading law…]
Here’s a process that most traders go through…
–Learn a new trading strategy to trade the markets
–When the trading strategy stops working, try something new
–When something “new” stops working, try something else
–Rinse repeat over again
Now, what’s wrong with it?
Well, if you abandon your trading strategy after a few losses, then it’s like saying a coin is fake when it comes up 5 heads in a row.
That’s silly, right?
You know that in the short-run, a coin could come up heads (or tails) multiple times in a row.
But if you toss the coin 1,000 times, then you’re likely to get closer to 50% heads and 50% tails.
Now this concept is the same as trading.
In the short-run, your trading results are random. But in the long-run, it’ll align towards your system’s expectancy.
So, don’t abandon your trading strategy after a few losses.
Instead, give your trading strategy time to play out its edge (at least 100 trades or more) before concluding whether it works, or not.
Or else, you’re just getting fooled by the law of large numbers—you’ve been warned.
No trading guru can make you a profitable trader.
But your attitude, mindset, and perseverance will.
11 Trading Lessons I’ve Learned From 11 Years Of Trading
Learn More 👉 https://www.tradingwithrayner.com/trading-lessons/
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Swing Trading Techniques That Work
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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/
7 Best Practice In Your First Year Of Trading
Learn More 👉 https://www.tradingwithrayner.com/best-practices-in-trading/
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10-Day Moving Average: Definition, Calculation & Strategies
Learn More 👉 https://www.tradingwithrayner.com/10-day-moving-average/
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20-Day & 30- Day Moving Average: Definition, Calculation & Strategies
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[You must have realistic expectations when it comes to trading]
Most people don’t have a realistic expectation of trading.
They assume they could take a weekend course, master a few chart patterns, and then start generating an income from the markets.
But here’s the truth:
Trading requires a professional skillset just like doctors, engineers, lawyers, etc.
You don’t graduate from medical school after a weekend course or become an engineer by learning a few mathematical formulas.
There’s a steep learning curve involved and you need time to gain proficiency (at least a few years or more).
And it’s the same for trading.
You don’t become a trader just by memorizing a few patterns, setups, etc.
Yes, you could make money from clicking the mouse but, there’s more to it that goes on behind the scenes (like developing your edge, risk management, position-sizing, etc.).
So, give yourself time to learn how to trade.
Don’t look for shortcuts. Don’t try to get rich quick. And don’t think you could quit your job soon.
Trading becomes easier when you don’t rely on it to pay your bills.
Читать полностью…
How To Be the Top 5% Of Traders When Almost Everyone Fails
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The Essential Guide To Reversal Chart Patterns
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3. Place 1 live trade.
And that’s it!
Open an account now: https://icmarkets.com/?camp=37277
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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The Essential Guide To Trading Multiple Timeframes
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Can You Make Money Every Day From Trading?
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Trading Results And Lessons Learned
Watch Now 👉 https://youtu.be/VDvAP-QuGTY?si=7gpRlhrieHBmOnVC
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[To be a winning trader, you’ll need this one thing…]
Here’s a clue:
—It’s not technical analysis
—It’s not price action trading
—It’s not trading psychology
It’s this…
Your trading strategy must have an edge in the markets.
You’re probably wondering:
“What does this mean?”
Well, here’s an example:
Let’s say I make a coin-toss bet with you.
—Every time the coin comes up heads, you win $2.
—Every time the coin comes up tails, I lose $1.
In the long-run, who will win?
You, of course!
Why?
Because you have an edge over me.
And this is the same for trading!
You must have an edge in the markets because without it, nothing else matters.
You’re thinking:
“But how do I find an edge in the markets?”
The easiest way is to leverage the work of other traders, so you don’t have to reinvent the wheel.
So, go and read trading books that contain trading systems with backtested results.
(Based on my experience, these trading systems have a good chance of working in the live markets.)
Then, take the concepts of these trading systems and validate them on your own so you know whether it works, or not.
Trading is not for snowflakes.
The market is rigged against you. Your emotions sabotage you. The prize is only for a few.
Only those with a high pain tolerance should play this game.
[Keep an eye on volatility to manage your trades better]
Here’s the thing:
The market moves in volatility cycles—from a low period of volatility to high volatility, and vice versa.
This means if the market is in a low volatility environment, it’s a sign the market is about to make a big move (and you want to be prepared for it).
Here’s an example…
Let’s say you went long on the 4-hour timeframe and the market quickly moves in your favour.
Also, you noticed the daily timeframe has formed a buildup, a low volatility price pattern which looks like a “squeeze”.
So, what do you do?
Hold your trade with the hopes that if volatility expands, it does so in your favour
Exit your trade at the nearest swing high as the market might reverse against you
I don’t know
For me, I’d hold my trade because there’s a huge profit potential if volatility expands in my favour.
Trading is the transfer of money from people who f*** up more to people who f*** up less.
Читать полностью…
[Pay attention to how long it took a chart pattern to be formed]
Here’s the deal:
The more time the market spends forming a reversal chart pattern, the more significant it is.
For example, if you compare a head and shoulders pattern that takes 30 candles to form against another that takes 100 candles to form.
Which is more significant?
Of course, it’s the one with a longer duration.
Why?
Two reasons.
#1: It’s more obvious and attracts attention from more traders.
#2: More resting orders are placed around the neckline of the head and shoulder patterns (from bullish traders who expect support to hold or, short traders looking to sell the breakdown).
Whatever the case is, the longer it takes for reversal patterns to form, the more significant it is.
Trading is the hardest easiest money to make.
Читать полностью…