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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
Ed Seykota: 19 Trading Lessons from a Market Wizard
Learn More 👉 https://www.shootingstocks.com/ed-seykota-trading-lessons/
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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/
[The ONE thing you must have in trading that nobody tells you]
This is one of the biggest trading myths which have fooled most traders…
“If you have a winning trading strategy, you can use it to make millions of dollars from the markets.”
That’s B.S.
I’ll explain…
Yes, you can have a winning strategy but, it doesn’t mean you can make millions of dollars.
Why?
Because the size of your account matters!
Let me give you an example…
Let’s say you have a trading strategy that makes 20% a year.
On a $1,000 account, that’s $200/year.
On a $10,000 account, that’s $2,000/year.
On a $1m account, that’s $200,000/year.
As you can see, your trading strategy is one part of the equation, the other equally important aspect is the size of your account.
And this is the same reason why hedge funds raise millions, if not billions of dollars—they need money to make money in trading.
7 ways you can exit a trade:
1. Trailing stops
2. Support & resistance
3. Fibonacci extension
4. Swing high & low
5. Setup is invalidated
6. Previous candle high/low
7. Time stop
Bonus: Margin call
[The truth about trading nobody tells you]
Trading is a get-rich-slow scheme.
You’re probably wondering:
“But Rayner, I’ve heard of traders trading a small account and turning it into 7-figures.”
Now, that could be possible but the odds of you pulling it off are slim to none.
Here’s why…
The only way for you to make a huge sum of money quickly is to take a huge risk on your trades.
If you get lucky, you could generate 6 or 7-figures on your account.
But here’s the deal:
99.99% of traders who attempt it will blow up their accounts. Only a lucky few could get away with it (and it’s nothing to do with skill, but luck).
But hey, don’t take my word for it. Here’s what Warren Buffet has to say about his wealth…
“My wealth has come from a combination of living in America, some lucky genes and compound interest.” – Warren Buffet
The keyword here is compound interest.
In other words, Warren Buffet became the richest investor in the world by being the best at what he does and, compounding his returns.
This is not achieved over a few weeks or months—rather, it’s compounded over 50+ years.
So, if you’re looking at trading as a get-rich-quick scheme, then guess what? You are the scheme.
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” – Albert Einstein
A casino doesn't make money by predicting.
They manage their risk and let their edge play out—and it's the same for trading.
Discover how swing trading can improve your trading results and profitability—without spending hours in front of your monitor
Learn More 👉 https://www.tradingwithrayner.com/swing-trading/
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Ed Seykota: 19 Trading Lessons from a Market Wizard
Learn More 👉 https://www.shootingstocks.com/ed-seykota-trading-lessons/
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Stock Trading: 5 Things To Look For Before You Place A Trade
Learn More 👉 https://www.shootingstocks.com/stock-trading-things-to-look-for/
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How to identify trend reversals so you don't get caught on the wrong side of the move
Learn More 👉https://www.tradingwithrayner.com/how-to-identify-trend-reversal
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The Complete Guide To Donchian Channel Indicator
Learn More 👉 https://www.shootingstocks.com/the-complete-guide-to-donchain-channel-indicator/
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The Complete Guide to Risk Reward Ratio
Learn More 👉 https://www.tradingwithrayner.com/risk-reward-ratio
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The Complete Guide To Trading Sideways Markets
Learn More 👉 https://www.tradingwithrayner.com/trading-sideways/
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[You must have realistic expectations when it comes to trading]
Most people don’t have a realistic expectation of trading.
They assume they could take a weekend course, master a few chart patterns, and then start generating an income from the markets.
But here’s the truth:
Trading requires a professional skillset just like doctors, engineers, lawyers, etc.
You don’t graduate from medical school after a weekend course or become an engineer by learning a few mathematical formulas.
There’s a steep learning curve involved and you need time to gain proficiency (at least a few years or more).
And it’s the same for trading.
You don’t become a trader just by memorizing a few patterns, setups, etc.
Yes, you could make money from clicking the mouse but, there’s more to it that goes on behind the scenes (like developing your edge, risk management, position-sizing, etc.).
So, give yourself time to learn how to trade.
Don’t look for shortcuts. Don’t try to get rich quick. And don’t think you could quit your job soon.
[STARTING IN 24 HOURS]
Do you want to protect your portfolio and generate consistent profits even during a recession?
Then join me at my free upcoming event called, Bear Market Secrets.
Claim your free ticket here: https://www.tradingwithrayner.com/bms/
In this 2-hour training, you'll discover...
1. How to avoid losing your hard-earned money in a stock market crash using this one simple “trick”
2. How to generate consistent profits in a bull market, bear market, or even during a recession (without analyzing financial reports or following the news)
3. A powerful trading system that has generated 3270% over the last 22 years—it works even better during a recession!
Sounds good?
Then reserve your spot here: https://www.tradingwithrayner.com/bms/
Don't take losses personally because the market has nothing against you.
It doesn’t know who you are, what you do, or why you traded.
Instead, it’s an opportunity to learn what works and what don't, so you can become a better trader—and that’s how winning is done!
Discover 5 proven trailing stop loss techniques to help you reduce risk and ride massive trends
Learn More 👉 https://www.tradingwithrayner.com/trailing-stop-loss/
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Discover swing trading strategies that work so you can profit in bull and bear markets
Learn More 👉 https://www.tradingwithrayner.com/swing-trading-strategies/
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Hey hey, what’s up my friend!
I’ve released a new book called, Stock Trading Secrets.
It’s a beginner’s guide for anyone who wants to profit from the stock market—even if you have no experience.
Details here: https://amzn.to/3KFRu5u
In this 162-page book, you’ll discover:
// How to trade stocks in a step-by-step manner, even if you have no trading experience
// How to better time your entries and exits so you can reduce your losses and maximize your profits
// How to manage your risk so you don’t blow up your trading account
// Trade sweeteners: How to identify high probability stock trading opportunities and improve your winning rate
// Free stock scanner so you can find trading opportunities in less than 60 seconds
// A complete stock trading strategy that works so you know when exactly to enter and exit your trade without second-guessing yourself
And much more…
Interested?
Then grab a copy here for just $2.99.
Get it now: https://amzn.to/3KFRu5u
Richard Dennis took a $400 trading account and turned it into $200 million. Here are 17 powerful lessons you can learn from it…
Learn More 👉 https://www.tradingwithrayner.com/richard-dennis/
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The Parabolic Stock Trading Strategy Guide
Learn More 👉 https://www.tradingwithrayner.com/parabolic-stock-trading/
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[If you’re struggling financially, stop trading right now!]
Here’s the thing:
Many traders get involved in trading because they want another source of income so they can pay the bills, put food on the table, and have a better life.
And if you’re struggling financially, it might seem that trading is your ticket to a better future.
But, this couldn’t be further from the truth.
Here’s why…
Trading is not a get-rich-quick scheme.
Trading isn’t something where you can put in $100 and get back $200 the next day.
Trading isn’t something that will pay you consistently week after week or month after month.
Why?
Because there’s risk involved—and there’s no guarantee in trading.
So, if you’re struggling financially, that money should be put to better use like paying the bills, providing for your family, putting food on the table, etc.
You don’t want to risk your hard-earned money on something that may or may not work because that’s not fair to your loved ones.
But once you are financially stable, then look at trading as a means to grow your wealth.
Trading one strategy with discipline beats 10 strategies without discipline.
Stay focused my friend.
[Here’s how to avoid getting stopped out of your trades early]
Let me ask you…
Have you ever put on a trade only to watch the market hit your stop loss, and then continue moving in your expected direction?
It sucks, right?
And that’s because your stop loss is “too tight”.
So, what’s the solution?
Give your trade room to breathe.
This means your stop loss should be wide enough to accommodate the daily swings of the market.
Now you’re probably wondering:
“But how much is wide enough?”
“How to use ATR to improve my stop loss objectively, will it actually help?”
Well, here’s how you can use the ATR indicator to help you with it…
• Find out what’s the current ATR value
• Select a multiple of the ATR value
• Add that amount to nearest Support & Resistance level
So…
If you are long from Support and have a multiple of 1, then set your stop loss 1ATR below the lows of Support.
Or if you’re short from Resistance, and have a multiple of 2 then set your stop loss 2ATR above the highs of Resistance.
They say you can never go broke taking profits.
But it only takes one bad loss to wipe out a bunch of small profits!
[You need money to make money in trading]
After years of studying successful traders, here’s what I’ve realized…
Most of them have multiple sources of income.
Why?
Because if trading is your only source of income, you will have the need to make money every month.
This causes you to make poor trading decisions like widening your stop loss, averaging into losers, trading too large, etc.
And that’s why many professional traders do not rely on trading as their only source of income.
Don’t believe me? Let me prove it to you…
Ed Seykota, a Market Wizard, has a trading tribe that costs $99/month.
Mark Minervini, a Stock Market Wizard, offers a master trader program that costs $5000.
Most hedge funds (even the best ones) charge a management fee every year—even if it’s a losing year.
To put things in perspective, if you run a billion-dollar hedge fund and take a 1% management fee, it means you get $10m a year—guaranteed.
As you can see, professional traders and hedge funds structure their trading in a way that it’s not their only source of income.
But wait, that’s not all because…
If you have multiple sources of income, then you can use the “extra” money you’ve got to increase the size of your trading account.
Because with a larger account size, you can make more money from trading.
Here’s an example, let’s say your average return is about 20% a year.
This means…
• On a $1,000 account, you’ll make about $200 per year
• On a $100,000 account, you’ll make about $20,000 per year
• On a $1m account, you’ll make about $200,000 per year
See my point?
There are 5 possible outcomes for your trade:
1. Breakeven
2. Small win
3. Small loss
4. Big win
5. Big loss
Eliminate #5 and you’ve just taken a big step forward.
The cup and handle pattern explained
Learn More 👉 https://www.shootingstocks.com/cup-and-handle/
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The Hammer Candlestick Trading Strategy Guide
Learn More 👉 https://www.shootingstocks.com/the-hammer-candlestick-trading-strategy-guide/
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There are no perfect entries:
Breakouts may fail
Pullbacks may never come
Confirmation may be too late
Pullbacks may become a reversal
But the good news is this, you don't need perfect entries to make it as a trader