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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
The Complete Guide to Trend Following Strategies
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The Definitive Guide to Trading Breakouts
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A Complete Guide To Creating And Using A Forex Trading Journal
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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/
The Ultimate Guide To Zig Zag Indicator
Learn More 👉 https://www.tradingwithrayner.com/zig-zag-indicator/
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How To Setup Your MT4 Trading Platform Like A Pro
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The Ultimate Guide to Trade Simulator
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How To Trade Different Types Of Trend Lines (Ultimate Guide)
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Discover 19 Powerful Lessons from the Legend, Jesse Livermore
Learn More 👉 https://www.tradingwithrayner.com/jesse-livermore-quotes/
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How To Catch A Falling Knife (The Essential Guide)
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How To Catch A Falling Knife (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/falling-knife/
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[Happening This Saturday, Live in Singapore]
I'll be speaking in-person at the Market Insights Trading Festival on 29th July at Suntec Convention Centre, Singapore.
Learn more: https://bit.ly/mitf-twr
Not in Singapore?
No problem! The festival also includes a virtual segment, packed with trading insights and strategies from an impressive lineup of expert speakers.
And here's a bonus: Everyone who signs up for the festival will get a free copy of my Breakout Trading System.
Whether you're a seasoned trader or a beginner, this festival is a golden opportunity to gain insights, refine your strategies, and connect with like-minded individuals.
Click the link below to secure your spot now:
➡️ https://bit.ly/mitf-twr
The Definitive Guide To Heiken Ashi Candles
Learn More 👉 https://www.tradingwithrayner.com/heiken-ashi/
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The Ultimate Divergence Cheatsheet
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The Complete Guide To Renko Charts
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[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.
Trading is the transfer of money from people who f*** up more to people who f*** up less.
Читать полностью…
[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 is the hardest easiest money you’ll make.
Читать полностью…
[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!
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.
[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?
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.
[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
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.
[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.
The goal is to survive long enough in this game so you can learn the ropes and eventually—profit from it.
However, most traders' expectations are not aligned with reality.
That's why they lose everything before they even get started.
[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).
“Losing trades is like diarrhoea. It's a pain in the ass but eventually, you have to let it go." – Unknown
Читать полностью…
The Complete Guide To Trading Sideways Markets
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