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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
A Bull Flag Pattern Trading Strategy - A Complete Guide
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Chart Pattern Cheat Sheet
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[Don’t demo trade for too long]
So, how long should you demo trade?
One month?
Four months?
One year?
The truth is that it depends…
If you’re a day trader, then you may want to consider demo trading for one month
If you’re a swing trader, however, then you may want to consider demo trading for three months
The concept is that the higher the frequency of your trades are, the less time you should do demo trading, and if the frequency of your trades is lower then it’s the opposite.
Remember…
Your goal in demo trading is not just to test whether your strategy works.
But to see whether or not your trading plan or trading routine is for you so that you can make tweaks along the way.
Never trust anything. Always verify everything.
Especially in trading.
[You don’t need to monitor your trades the whole day]
You might have heard the saying...
"You need to monitor your trades all the time to be a successful trader."
Nope.
Instead, you need a trading routine that works. One that doesn’t require you to stare at the charts all day.
So here’s a template you can use…
Example 1: You have a full-time job
• Weekends = Identify potential trading setups for the week
• Before work = Identify setups that are triggered and place your orders
• Lunch time = Check your portfolio and see if your trades are executed
• After work = Journal and review your trades
Now, what if you are a day trader?
Example 2: You are a day trader
• Before market hours = Identify potential trading setups for the day
• Market hours = Set alerts when the price comes to your level and trade it according to your plan
• After market hours = Journal and review your trades
Now…
Regardless of the type of trader you are, you must devote time to planning.
Because if you fail to plan, then you plan to fail.
Seeing your account go nowhere can be difficult
But rem, you need time for your edge to play out
You won't be a profitable trader after taking a course
You don't get a baby in 1 month by getting 9 women pregnant
Rome isn't built in a day—and it's the same for your account
[When it comes to trading indicators, less is more]
Here’s the thing:
Having more indicators on your chart does not increase your chances of a winning trade but only gives you analysis paralysis and not taking the trade.
You’d probably get better results if you only had a handful of indicators on your chart!
That’s why we want to have an indicator that can single-handedly:
• Determine your entries
• Determine how you’ll take profits
• Determine[ your stop loss
Having fewer indicators keeps your charts clean and helps you make faster decisions which will make your trading process much more efficient.
The Definitive Guide To Dark Cloud Cover Candlestick Pattern
Learn More 👉 https://www.tradingwithrayner.com/dark-cloud-cover/
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[The longer it ranges the harder it trends]
If you notice the price has been ranging for a long time, you’re not alone.
Traders all around the world will be seeing the same charts as you.
Some will be queuing to short the resistance, and some will be trading the breakout.
If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.
That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.
The Trend Line Breakout Trading Strategy
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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.
Learn More: https://www.tradingwithrayner.com/essential-guide-to-systems-trading/
The Definitive Guide to Trading Breakouts
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I love hosting this webinar.
That’s because I get to interact with traders like you, tell jokes, teach important concepts, and it’s fun!
During the session, you’ll learn a simple trading system that has generated 3225% over the last 22 years.
In my opinion, this is the fastest way to become a profitable trader even if you have tried everything else and failed (and probably easier than making your kids listen to you).
Sign up now: https://www.tradingwithrayner.com/sts/
A Complete Guide To Creating And Using A Forex Trading Journal
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The Best Stop Loss Strategy (An Essential Guide)
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In business:
You need capital.
You have expenses to cover.
You don't expect to succeed from day one.
You need some time before you make a profit.
Trading is a business—so treat it as one.
Candlestick Patterns Cheatsheet
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The Average True Range Indicator Strategy Guide
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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 Definitive Guide to Price Action Backtesting
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How To Find Support and Resistance Levels
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The Trend Line Breakout Trading Strategy
Learn More 👉 https://www.tradingwithrayner.com/trend-line-breakout-trading-strategy/
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Simple Breakout Trading System +5,024% (Backed by Data)
Learn More 👉 https://www.tradingwithrayner.com/breakout-trading-system/
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[STARTING IN 2 HOURS]
Discover a powerful stock trading system that has generated 3225% over the last 22 years.
You’ll learn the exact trading rules so you know when to enter and exit the trades—without second-guessing yourself.
But if you love analyzing financial reports, memorizing chart patterns, and keeping up with the news, please don't sign up. It's for boring traders only.
Learn more: https://www.tradingwithrayner.com/sts/
$100 to $200 is a 100% gain.
$1m to $2m is a 100% gain.
You need money to make money in trading.
[How to use trading indicators like a pro]
You don’t want to have multiple indicators from the same category because they are correlated and doesn’t provide any new information.
That’s like trying to get your wife pregnant in one month by “firing” incessantly. It doesn’t work.
And it’s the same for trading.
So, the rule of thumb is this:
Have only one indicator for each purpose.
I’ll explain…
If you want to trail your stop loss, you can use either the Moving Average or Chandelier Exit — but not both.
Or if you want to time your entry, you can use either the RSI indicator or Stochastic, but not two together because they have the same purpose.
Does it make sense?
Trading doesn't solve your money problems—it amplifies it.
Читать полностью…
[How to use trading indicators like a pro]
A mistake almost all new traders make is to add many indicators onto their charts, regardless of whether the indicators have a purpose, or not.
But as you know, having more indicators doesn’t mean a thing. Instead, they only add “noise” to your trading and make things more confusing.
So, the rule is this:
Every trading indicator on your chart must have a purpose.
For example…
If you want to identify the trend, then you can consider the Moving Average.
If you want to time your entry, you can consider Stochastic or RSI.
If you want to trail your stop loss, you can consider Chandelier Exit or Moving Average.
So, if there’s an indicator on your chart and you can’t find a purpose for it, exterminate it.
I wasted years trying to find a perfect trading system.
Then I realized it didn't exist.
Instead, it's about knowing your goals as a trader and then adopting the right system that fits with it.
Today, we have Peter Brandt on the show, a trader who has been trading for 50 years!
Now, just to share something with you…
I have 2 grandfathers.
One passed on before I was born. And the other passed away when I was 10 years old.
So when I spoke to Peter on the show, it felt like speaking to a grandfather I never had.
It was heartwarming, enlightening, and inspiring.
So, here’s what we covered during our conversation:
1. What was life like after WW2 (the jobs he did, the kind of kid he was in school, etc.)
2. How he got started in trading
3. His favourite chart patterns and the ones he avoids
4. How he has been profitable with it over the last 50 years
5. Entries, stop loss, targets, trade management (from start to finish)
6. Risk management and position sizing
7. And much more…
Sounds good?
Then go listen now: https://youtu.be/kAFhHfC8MLs