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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
9 Things Professional Traders Do That Losers Don’t
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The Essential Guide To Trading Multiple Timeframes
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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/
Can You Make Money Every Day From Trading?
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11 Trading Lessons I’ve Learned From 11 Years Of Trading
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Swing Trading Techniques That Work
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7 Best Practice In Your First Year Of Trading
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20-Day & 30- Day Moving Average: Definition, Calculation & Strategies
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Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
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6 Trading Habits Which Keep You Poor (Without You Realizing It)
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100- Day Moving Average: Definition, Calculation & Strategies
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I’ve read hundreds of trading books and most are a waste of time.
However, 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.
Interested?
Then grab my list of top trading books here…
https://tradingwithrayner.kit.com/1bcc67204f
How To Read and Interpret The Moving Average
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[How to use trading indicators like a pro]
A mistake almost all new traders make is to add many indicators onto their charts, regardless of whether the indicators have a purpose, or not.
But as you know, having more indicators doesn’t mean a thing. Instead, they only add “noise” to your trading and make things more confusing.
So, the rule is this:
Every trading indicator on your chart must have a purpose.
For example…
If you want to identify the trend, then you can consider the Moving Average.
If you want to time your entry, you can consider Stochastic or RSI.
If you want to trail your stop loss, you can consider Chandelier Exit or Moving Average.
So, if there’s an indicator on your chart and you can’t find a purpose for it, exterminate it.
“Losing trades is like diarrhoea. It's a pain in the ass but eventually, you have to let it go." – Unknown
Читать полностью…
[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.
Trading is the hardest easiest money to make.
Читать полностью…
[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."
Nope.
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.
Winning rate alone is meaningless.
You can have a 90% winning rate with an average gain of $100.
But if your average loss is $1,000, you still lose in the long run.
Solution? Look at both your winning rate and risk-to-reward ratio.
You can't look at one without the other.
[When it comes to trading indicators, less is more]
Here’s the thing:
Having more indicators on your chart does not increase your chances of a winning trade but only gives you analysis paralysis and not taking the trade.
You’d probably get better results if you only had a handful of indicators on your chart!
That’s why we want to have an indicator that can single-handedly:
-Determine your entries
-Determine how you’ll take profits
-Determine your stop loss
Having fewer indicators keeps your charts clean and helps you make faster decisions which will make your trading process much more efficient.
Quit trying to trade every level on your chart.
Instead, pick a spot to trade where you’ll lose small when wrong—and the market can reward you when right.
The result?
Less trading, less commissions, less mistakes, and a fatter bottom line.
10-Day Moving Average: Definition, Calculation & Strategies
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If you’re broke, don’t be a trader.
Instead, get a job so you can pay the bills.
Then, you can learn how to trade.
This puts you in a position of strength as you remove “the need to make money” syndrome.
Doing this will 10x your chance of success.
[The longer it ranges the harder it trends]
If you notice the price has been ranging for a long time, you’re not alone.
Traders all around the world will be seeing the same charts as you.
Some will be queuing to short the resistance, and some will be trading the breakout.
If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.
That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.
Get your hands dirty and do the work because that's how you develop conviction in your trading strategy.
Then apply risk management so you don't blow up.
Finally, stop chasing the latest fads because it won't make you a better trader—doing the work will.
[How to use trading indicators like a pro]
You don’t want to have multiple indicators from the same category because they are correlated and doesn’t provide any new information.
That’s like trying to get your wife pregnant in one month by “firing” incessantly. It doesn’t work.
And it’s the same for trading.
So, the rule of thumb is this:
Have only one indicator for each purpose.
I’ll explain…
If you want to trail your stop loss, you can use either the Moving Average or Chandelier Exit — but not both.
Or if you want to time your entry, you can use either the RSI indicator or Stochastic, but not two together because they have the same purpose.
Does it make sense?
If you take care of your downside, your profits will take care of itself.
Читать полностью…
The Essential Guide To RSI Indicator
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The Definitive Guide on How to Set a Stop Loss
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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/