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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
[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.
A trader who can wait for the right setup and avoid the temptation of jumping into every opportunity has already achieved a significant milestone.
Don't rush the process, take your time and let the market come to you.
9 Things Professional Traders Do That Losers Don’t
Learn More 👉 https://www.tradingwithrayner.com/what-professional-traders-do/
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[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.
Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
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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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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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7 Best Practice In Your First Year Of Trading
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Do you want to learn how to systematically beat the markets?
Then get your copy of The Essential Guide to Systems Trading (For Non-Programmers).
You’ll discover systematic trading strategies that work so you can beat the markets consistently even if don’t know a single line of code.
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The Definitive Guide to Price Action Backtesting
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How To Find Support and Resistance Levels
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Simple Breakout Trading System +5,024% (Backed by Data)
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The Trend Line Breakout Trading Strategy
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The Essential Guide To Reversal Chart Patterns
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The Complete Guide to Bracket Orders
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[Stock Trading Secrets is LIVE]
In this 2-hour webinar, you'll discover...
1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis
2. How to grow your account to 7-figures and beyond even if you have a small starting capital
3. How to generate consistent profits during a bull market, bear market, or even a recession
4. A simple trading system to profit from the stock market—even if you have tried everything else and failed
So if you trade the US stock market or have plans to do so, then this event is for you.
Claim your free ticket here... https://www.tradingwithrayner.com/sts/
Do you trade the US stock market?
Then join me at my free upcoming event called, Stock Trading Secrets.
Claim your free ticket here: https://www.tradingwithrayner.com/sts/
In this 2-hour webinar, you'll discover...
1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis
2. How to grow your account to 7-figures and beyond even if you have a small starting capital
3. How to generate consistent profits during a bull market, bear market, or even a recession
4. A simple trading system to profit from the stock market—even if you have tried everything else and failed
So if you trade the US stock market or have plans to do so, then this event is for you.
Claim your free ticket here... https://www.tradingwithrayner.com/sts/
[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.
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.
[Always be a student of the markets]
Here’s my learning curve as a trader:
I started with indicators, then price action trading.
And for a few years, I thought that’s all I needed because after all, the price is king and that’s all I needed to be a profitable trader.
But that hurts my growth because I tuned out everything else (and limited myself only to price action trading).
When I realized my folly, I quickly went back to being a student of the markets.
So I asked myself:
“What are other winning traders doing to profit from the markets?”
That’s when I got exposed to trend following, systems trading, mean reversion trading, etc.
By expanding my knowledge and incorporating different strategies, I was able to find more trading opportunities (most traders are blinded to).
So here's the deal...
You may (or may not) be a profitable trader but, it doesn’t mean your learning curve is over because you’re always a student of the market.
I encourage you to keep learning and exploring new strategies. Don't limit yourself to just one approach, because there's always more to discover.
Ultimately, the key is to remain open-minded and willing to try new things. It can be scary to step outside your comfort zone, but it's often the only way to achieve true growth and success.
A 1:3 risk to reward won't save you if your winning rate is 10%.
Читать полностью…
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.
[Follow your trading plan regardless of each trade’s outcome]
When I was a 7-year-old, my teacher would give me a “star sticker” whenever I put in the effort to do my homework, regardless of whether the answer is right or wrong.
In other words, she rewards effort, not the outcome.
If you think about it, this approach is highly suitable for trading.
You should reward yourself whenever you follow your trading plan regardless of whether the trade is a winning or a loser.
So here’s how the star system works…
• Every time you follow your plan, you get 1 star
• Every time you didn’t follow your plan, you get -2 stars
• The goal of the star system is to accumulate 100 stars
As you can see, the focus isn’t to make profits.
Rather, it’s to accumulate as many stars as possible by being consistent with your actions.
Remember, a consistent set of actions lead to a consistent set of results.
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.
[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!
No trading guru can make you a profitable trader.
But your attitude, mindset, and perseverance will.
[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.
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.