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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
I'm writing a new book on systems trading. But I can't decide on the book cover.
Can you vote your favorite design?
Here's the poll: https://99designs.com.sg/contests/poll/8985bdc8a2
Cheers
MACD Indicator Explained
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Candlestick Charts Explained
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The Essential Guide to Price Action Trading
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A detailed guide on how to use the 200-day moving average so you can better time your entries, improve your winning rate, and ride massive trends
Learn More 👉 https://www.tradingwithrayner.com/200-day-moving-average/
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One trade won't change your life. Thousands of trades with an edge and risk management will.
Читать полностью…
Trading Success = Edge + Risk Management + Discipline
Читать полностью…
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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[Avoid this mistake when trading multiple timeframes]
Imagine:
You want to spy on your neighbour for god knows what reason.
Perhaps they are doing illegal activities, you’re a nosy park, whatever.
But there’s a fence built between you and your neighbour so you each have your privacy.
How do you overcome this?
Do you take a trip to space and spy down on your neighbour’s house?
Of course not!
Why?
Because you are “too far” out and the sights (or images) you see will not be relevant to your needs.
You’re probably wondering:
“What has this got to do with trading?”
Well, it’s the same concept.
If you want to glean insights from the higher timeframe, you can’t zoom out too far because the information you’ll get is not relevant to you.
One tip I can give to a fearful trader is to trade smaller.
Keep reducing risk to your comfort level, and slowly work your way up.
Rome wasn't built in a day and it's the same for your trading account.
[You can’t make money every day from trading if you don’t have this one thing…]
Let’s play a game…
– If you toss a coin and it comes up heads, you win $2
– If you toss a coin and it comes up tails, you lose $1
– You can only toss the coin once a day
Now let me ask you…
Do you think you can make money every day from this coin toss?
Of course not.
Because on any day, there’s a 50% chance you either get head or tail—and if it comes up tail, you’ll lose $1.
But what if you can toss the coin 1,000 times per day? How would things change?
Let’s see…
If you toss a coin 1,000 times, you’ll likely get around 500 heads and 500 tails.
(Every time it comes up heads, you win $2. If it’s tails, you lose $1.)
So if you do the math, you’ll end up with a net gain of $500.
Now let me ask you…
If you had this “special” coin and could toss it 1,000 times per day, do you think you can make money every day from tossing this coin?
Yes!
So, what’s the lesson here?
The frequency of your coin toss matters.
You might be wondering:
“What has this got to do with trading?”
Everything!
Because if you want to make money every day from trading, your frequency of trades plays a huge role.
That’s because the more trades you can do within a short period of time, the faster the law of large numbers can work in your favour (think of the coin toss example).
Good trading
Your trading entry is not everything!
Don’t forget:
Risk management
Trade management
Position sizing
Mental capital
Context
Exits
Discover how to trade the Bull Trap pattern and profit from “trapped” traders
Learn More 👉 https://www.tradingwithrayner.com/bull-trap-trading-strategy/
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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