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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
Everything you need to know about trading pullbacks and breakouts successfully
Learn More 👉 https://www.tradingwithrayner.com/guide-to-trading-pullbacks-and-breakouts/
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Ed Seykota took a $5000 account and turned it into $15,000,000. Here are 19 powerful trading lessons you can learn from him…
Learn More 👉 https://www.tradingwithrayner.com/ed-seykota-trading-lessons/
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Trading as a business: How to successfully start one and avoid the common pitfalls that destroy most traders
Learn More 👉 https://www.tradingwithrayner.com/trading-as-a-business/
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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.
[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!
No trading guru can make you a profitable trader.
But your attitude, mindset, and perseverance will.
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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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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Stochastic Indicator Explained
Learn More 👉 https://www.tradingwithrayner.com/stochastic-indicator/
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[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
The Complete Guide to Risk Reward Ratio
Learn More 👉 https://www.tradingwithrayner.com/risk-reward-ratio
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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/
The Essential Guide to Technical Analysis
Learn More 👉 https://www.tradingwithrayner.com/technical-analysis
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How to tell when Support or Resistance will break so you don’t get caught on the wrong side of the move
Learn More 👉 https://www.tradingwithrayner.com/support-and-resistance-trading-strategy
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Are you confused by the sheer amount of trading strategies out there?
Well, turns out there are only 5 main trading strategies and here’s how they work…
Learn More 👉 https://www.tradingwithrayner.com/5-types-of-forex-trading-strategies-that-work/
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[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 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.
Discover how to use Trend Line to better time your entries, ride massive trends, and “predict” market turning points
Learn More 👉 https://www.tradingwithrayner.com/trend-line-trading/
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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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Are you looking for a reliable Forex broker you can trust?
Then you might want to check out ICMarkets.
It has 20,000+ positive reviews on Trustpilot, regulated by ASIC, and has one of the lowest spreads in the industry.
Learn more: https://tradingwithrayner.com/broker
And when you sign up with ICMarkets, you’ll get free 6 months of access to Pro Traders Edge (worth $294)
Here’s what you need to do
1. Sign up for a live account
2. Fund a minimum of $500.
3. Place 1 live trade.
And that’s it!
Open an account now: https://tradingwithrayner.com/broker
Disclaimer: I’ll earn a referral fee if you sign up with them. But they are reliable in my opinion (as of this writing).
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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[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?
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.
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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[STARTING IN 2 HOURS]
Do you want to learn how to systematically beat the markets? Then this live webinar is for you.
During this 2-hour event, you’ll discover systematic trading strategies that work so you can beat the markets—even if you have tried everything else and failed.
The best part?
You don’t have to analyze financial reports, study chart patterns, or follow the news.
Learn more: https://www.tradingwithrayner.com/sts/
Trading is the transfer of money from people who f*** up more to people who f*** up less.
Читать полностью…
[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.
Trading is the hardest easiest money to make.
Читать полностью…
[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).
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.