60986
Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
Your trading entry is not everything!
Don’t forget:
Risk management
Trade management
Position sizing
Mental capital
Context
Exits
[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!
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 might just make it.
The Essential Guide To Trading Multiple Timeframes
Learn More 👉 https://www.tradingwithrayner.com/multiple-timeframes-trading/
Share ✌🏻 t.me/tradingwithrayner
Price Action Trading 6 Things To Look For Before You Place A Trade
Learn More 👉 https://www.shootingstocks.com/price-action-trading/
Share ✌🏻 t.me/tradingwithrayner
Can You Make Money Every Day From Trading?
Learn More 👉 https://www.tradingwithrayner.com/make-money-trading/
Share ✌🏻 t.me/tradingwithrayner
11 Trading Lessons I’ve Learned From 11 Years Of Trading
Learn More 👉 https://www.tradingwithrayner.com/trading-lessons/
Share ✌🏻 t.me/tradingwithrayner
Swing Trading Techniques That Work
Learn More 👉 https://www.shootingstocks.com/swing-trading-techniques/
Share ✌🏻 t.me/tradingwithrayner
Exponential Moving Average Strategy Guide
Learn More 👉 https://www.tradingwithrayner.com/exponential-moving-average/
Share ✌️ t.me/tradingwithrayner
The Definitive Guide To Heiken Ashi Candles
Learn More 👉 https://www.tradingwithrayner.com/heiken-ashi/
Share ✌️t.me/tradingwithrayner
[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!
Stock Chart Patterns That Work
Learn More 👉 https://www.shootingstocks.com/stock-chart-patterns/
Share ✌🏻 t.me/tradingwithrayner
Essential Forex Indicators (Make Your Life Easy)
Learn More 👉 https://www.tradingwithrayner.com/essential-forex-indicators/
Share ✌🏻 t.me/tradingwithrayner
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 (starting in 48 hours)
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/
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.
Price Action Patterns That Work
Learn More 👉 https://www.shootingstocks.com/price-action-patterns/
Share ✌🏻 t.me/tradingwithrayner
The Essential Guide To Reversal Chart Patterns
Learn More 👉 https://www.tradingwithrayner.com/reversal-chart-patterns/
Share ✌🏻 t.me/tradingwithrayner
9 Things Professional Traders Do That Losers Don’t
Learn More 👉 https://www.tradingwithrayner.com/what-professional-traders-do/
Share ✌🏻 t.me/tradingwithrayner
[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.
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!
[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.
Professional traders:
Manage risk
Stay humble
Trade with an edge
Continuously improve
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
[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).
No trading guru can make you a profitable trader.
But your attitude, mindset, and perseverance will.
Best Stock Trading Books (Must Read)
Learn More 👉 https://www.tradingwithrayner.com/best-stock-trading-books/
Share ✌🏻 t.me/tradingwithrayner
[STARTS IN 12 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/
It's easier to make $1k from your job than trading.
But its easier to make $1m from trading than your job.
That's the power of compounding.
[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?
Mean reversion Trading Strategy That Works (86.84% Winning Rate)
Learn More 👉 https://www.tradingwithrayner.com/mean-reversion-trading-strategy/
Share ✌🏻 t.me/tradingwithrayner
The Complete Guide to Breakout Trading
Learn More 👉 https://www.shootingstocks.com/breakout-trading-guide/
Share ✌🏻 t.me/tradingwithrayner