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The Essential Guide To Hedging In Trading
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[You must trade with an edge (otherwise nothing else matters)]
You might be wondering:
“What is an edge?”
In layman’s terms, an edge is something you do repeatedly that yields a positive result.
For example:
The casino has an edge over the players because with more bets being played, the more the casino earns (in the long-run).
In mathematical terms, an edge is something that gives you a positive expectancy in the long run.
For example:
If every time you toss a coin and it comes up head, you win $2. And if it comes up tail, I lose $1.
In the long run, who will win?
You, of course!
By the way, if you want to learn a new trading system that has an edge in the markets, then check this out.
Now, this is important so I’ll repeat…
You must have an edge in the markets if you want to be a consistently profitable trader.
It doesn’t matter if you have the best trading psychology, risk management, favourable risk-to-reward ratio, etc.
Because without an edge, none of it matters.
Don’t believe me?
Then head down to your nearest casino.
You can bring along the best psychology, apply proper risk management, play games with favourable risk to reward, but in the long-run, you’ll still lose money.
Why?
Because the casino has a mathematical edge over you.
And it’s the same for trading!
IF you want to profit from the financial markets, then you must have an edge!
There's no such thing as failure, only feedback. If you're not seeing the results you want, it's feedback that whatever you're doing isn't working.
So go make the necessary changes and give it another go.
Failure only happens when you quit.
Otherwise, it's feedback.
[Be prepared for a steep learning curve before profitability]
I’m sure you can agree:
Professionals like lawyers, doctors, pilots, etc. spend 5 years (or more) to master their craft.
That’s why in the early years of their career, they typically don’t “see the money” as they are in the learning stage.
But when they get good at it, BOOM, the money starts rolling in—but, it doesn’t happen overnight.
And it’s the same for a professional trader!
You’ll take years to build your foundation, make mistakes, find your edge, and if you survive long enough, you can’t help but get good at it.
So, don’t come into trading thinking you can quit your day job after taking an online course—it doesn’t work that way.
There’s a steep learning curve ahead and you must be prepared for it.
You’ve been warned.
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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The Piercing Pattern Trading Strategy Guide
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[Be realistic and know that you won’t make money every day]
Here’s the thing:
A trading strategy seeks to exploit certain market conditions in order to profit from it.
(For example, Trend Following makes money when many markets are trending together.)
But as you know, the markets are always changing. One moment it could be trending, the next, it could be ranging.
In other words, you’ll make money when market conditions are favourable to you.
When it isn’t, your trading strategy will lose money—which explains why you won’t make money every day (as market conditions change).
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 calculated risks.
[To be a pro trader, you must be willing to get your hands dirty]
Now:
Just because you came up with a hypothesis to your question, doesn’t mean it’s correct.
That’s why as a professional trader, it’s your job to validate your trading ideas (or hypothesis).
You’ve got to get your hands dirty and do the work like backtesting, forward testing, etc.
For example, you might wonder:
“Is a 10-week breakout better than a 50-week breakout in terms of returns relative to risk?”
Well, to find out you can do a backtest across a universe of stocks using these two parameters, and see which offers a better result.
To make your life easier, here are some tools you can use for backtesting…
Amibroker – A backtesting platform
Norgate Data – Data feed
Upwork – A marketplace to find programmers
Still, most of you won’t do it because it’s easier to solicit an opinion than to actually do the work.
The problem is, you’ll never know if it’s true, or not—that’s why you must be willing to get your hands dirty and do the work!
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.
[To be a pro trader, you must think independently]
One of the reasons why most traders fail is because they ask questions like these…
• Is exponential or simple moving average better?
• Should I buy Tesla stock right now or wait for a pullback?
• What is the best RSI setting?
You’re probably wondering:
“What’s wrong with it?”
Well, it’s a sign you cannot think independently. It shows you want to be spoon-fed so you can skip the “work” and go straight to profits.
Unfortunately, it doesn’t work that way.
Why?
Because in trading, there’s no such thing as “best”.
What’s “best” for me might not be right for you because of our different goals, timeframe, personality, etc.
So…
If you want to succeed in trading (or in business), you must have the ability to think independently.
So instead of asking “what” or “when” questions, learn to ask…
Why.
This means you want to ask questions like:
• Why did he apply this trading strategy only to the stock markets and not FX?
• Why did he use a 200-day moving average as a trend filter?
• Why did he use a 40% trailing stop loss?
Do you see the difference?
No trading guru can make you a profitable trader.
But your attitude, mindset, and perseverance will.
6 Trading Habits Which Keep You Poor (Without You Realizing It)
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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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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/
Kevin is a World Cup trading champion, full-time trader, and investment manager.
As you know, it’s hard to find someone who is a world-up trading champion and willing to spill their secrets at the same time. Kevin is a rare breed.
So here’s a glimpse of what you’ll learn today:
1) Kevin’s growing up years, formative moments, and the transition to full-time trading
2) What is algo trading and how it work
3) The surprising truth as to why he has 200 trading systems
4) How to tell when a trading system is no longer working and what you should do about it
5) The reason why he avoids trading stocks
6) Is algo trading suitable for you?
7) How to get started with algo trading even if you have no experience
Go listen now...
Spotify: https://open.spotify.com/episode/7DCbhV7OSyCTyPmWARbexH?si=d35dd582724f4bff
Apple: https://podcasts.apple.com/us/podcast/secrets-of-an-algo-trading-champion-with-kevin-davey/id1484249091?i=1000635378186
YouTube: https://youtu.be/FROq3_Neklg?si=j_QL_meP72eQbpCY
In trading, it's not about predicting the market.
Just like a casino, the key is to manage risk and let your edge play out.
Your success as a trader depends on how well you execute your strategy, not on how accurately you predict the market's movements.
[How to grow a small trading account (that nobody tells you)]
It’s easy to grow a small trading account.
Want to take $500 and double it within 2 days?
Want to make 50% a week?
It’s easy because all you need to do is risk a huge % of your account on each trade, and if the trade goes your way, BOOM—target achieved.
But here’s the thing…
Just because it’s easy doesn’t mean it’s feasible.
Sure, you can double your account in a few days. But, it’s also a matter of time before you give everything back to the markets, and more.
The solution?
Instead of looking for shortcuts, let time and money be on your side.
This means you’ll regularly add funds to your account and compound your returns.
A 1:3 risk to reward won't save you if your winning rate is 10%.
Читать полностью…
11 Trading Lessons I’ve Learned From 11 Years Of Trading
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Swing Trading Techniques That Work
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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/
7 Best Practice In Your First Year Of Trading
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10-Day Moving Average: Definition, Calculation & Strategies
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20-Day & 30- Day Moving Average: Definition, Calculation & Strategies
Learn More 👉 https://www.tradingwithrayner.com/20-30-day-moving-average/
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The Ultimate Chart Patterns Trading Course
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[The secret to using multiple timeframes like a pro trader]
I’ll be honest.
I didn’t figure it out on my own.
Instead, I learned it from Adam Grimes and Alexander Elder.
So here’s the “secret”….
When you trade with multiple timeframes, your higher timeframe should be between a factor of 4 to 6 of your entry timeframe.
Confused?
No worries, I’ll explain…
Let’s say for example your trading timeframe is the 1-hour timeframe.
So, which should you reference as your higher timeframe?
1. Take 1-hour multiply by 4, you get a 4-hour timeframe
2. Then, take 1-hour multiply by 6, you get a 6-hour timeframe
This means your higher timeframe can be between 4 and 6-hour
Does it make sense?
Here’s another example:
Let’s say your trading timeframe is the 5-mins timeframe.
Which should you reference as your higher timeframe?
1. Take the 5-mins multiply by 4, you get 20-mins
2. Then, take 5-mins multiply by 6, you get 30-mins
This means your higher timeframe can be between 20 and 30mins