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Saving retail traders from self-destruction Learn more: Tradingwithrayner.com Join us: https://t.me/tradingwithrayner
Get your hands dirty and do the work because that's how you develop conviction in your trading strategy.
Then apply risk management so you don't blow up.
Finally, stop chasing the latest fads because it won't make you a better trader—doing the work will.
[Don’t use a fixed position size, do this instead…]
Most traders are fascinated with technical analysis, candlestick patterns, trading indicators, etc.
When you see “something” nice, you quickly hit the buy button without giving much thought to your position size—which is a big mistake.
Why?
Because without proper position sizing, your wins and losses are erratic.
Here’s an example:
Let’s say you buy 1 standard lot of EUR/USD with a stop loss of 20 pips.
How much could you lose?
Well, it’s a potential loss of $200 (20 x $10/pip).
Now, what if you have 100 pips stop loss?
It’s a potential loss of $1000 (100 x $10/pip).
You might be thinking:
“My stop loss in terms of pips will be the same.”
“This way, I can keep my losses constant on each trade.”
That is possible but…
What if you trade a different timeframe where it doesn’t make sense to use the same number of pips as your stop loss? (E.g. A 20 pips stop loss might work on the 5-minutes timeframe but not on the daily.)
Or what if you trade a different currency pair with a different pip value?
Do you see my point?
So the lesson is this…
The size of your losses should be the same for each trade.
But your position size should be adjusted according to the size of your stop loss.
A tighter stop loss allows you to increase your position size.
A wider stop loss requires a smaller position size.
If you take care of your downside, your profits will take care of itself.
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10-Day Moving Average: Definition, Calculation & Strategies
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20-Day & 30- Day Moving Average: Definition, Calculation & Strategies
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Do you want to read candlestick patterns like a professional trader?
Then download a FREE copy of The Monster Guide to Candlestick Patterns.
You'll discover how to "predict" market turning points and better time your entries & exits—even if you have no trading experience.
Click the link below and grab your copy, it’s free!
https://www.tradingwithrayner.com/candlestick-pdf-guide/
6 Trading Habits Which Keep You Poor (Without You Realizing It)
Learn More 👉 https://www.tradingwithrayner.com/trading-habits-which-keep-you-poor/
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100- Day Moving Average: Definition, Calculation & Strategies
Learn More 👉 https://www.tradingwithrayner.com/100-day-moving-average/
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How To Read and Interpret The Moving Average
Learn More 👉 https://www.tradingwithrayner.com/how-to-read-moving-average/
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The Essential Guide To RSI Indicator
Learn More 👉 https://www.tradingwithrayner.com/rsi-indicator/
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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.
The Definitive Guide on How to Set a Stop Loss
Learn More 👉 https://www.tradingwithrayner.com/how-to-set-a-stop-loss/
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[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.
The Best Indicators for Swing Trading (Profit From Different Market & Timeframe)
Learn More 👉 https://www.tradingwithrayner.com/best-indicators-for-swing-trading/
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Best Trading Books (for Beginners to Advanced Traders)
Learn More 👉 https://www.tradingwithrayner.com/best-trading-books-beginners-to-advanced/
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Swing Trading Techniques That Work
Learn More 👉 https://www.tradingwithrayner.com/swing-trading-techniques/
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7 Best Practice In Your First Year Of Trading
Learn More 👉 https://www.tradingwithrayner.com/best-practices-in-trading/
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Risk Management For Stock Trading (The Complete Guide)
Learn More 👉 https://www.tradingwithrayner.com/how-to-apply-risk-management-in-stocks/
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[Do you really need both Stochastic indicator & RSI?]
Well, they are similar but different.
I’ll explain…
The stochastic indicator and RSI are similar because they are both momentum oscillators.
In other words, they measure momentum in the market and their values range between 0 and 100.
But how are they different?
Well, the calculations that go into the stochastic indicator and the RSI indicator are different.
However, they use the same concept which is to measure momentum.
Thus, you shouldn’t be surprised to see both stochastic indicator and RSI pointing in the same direction (albeit with different values).
So, the bottom line is this…
If you want to use a momentum indicator (like RSI or Stochastic), just pick one will do because they pretty much tell you the same thing.
“Losing trades is like diarrhoea. It's a pain in the ass but eventually, you have to let it go." – Unknown
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[A stop loss order will save your trading account, here’s why…]
A stop loss order is a type of order that gets you out of a trade automatically.
It means that you don’t need to stare at your charts the whole day and try to scare your pants off as the price approaches your stop loss order.
Now…
I’m not going to lie to you…
It hurts taking a loss…
Even if it’s just a losing trade.
But how would you feel when your stop loss order got hit, and the price went against you even more?
Except…
You’re not there to take the hit.
You feel relieved, right?
Not only do you free up space on your portfolio early to look for better trading opportunities.
But you also prevented a huge potential loss.
Can you see why this is important?
That’s why you can think of a stop loss order as a “risk police” that prevents you from losing more money or having unexpected losses.
I tried chart patterns and failed.
I tried trading indicators and failed.
I tried harmonic patterns and failed.
I tried candlestick patterns and failed.
Eventually, I realized it was not the tools—but me.
And everything clicked.
[Get out of demo trading and start small]
Now…
It doesn’t matter whether you want to start with $100, $500, or $1,000.
What matters is that you get out of demo trading.
Start trading live.
Start trading small.
And start practicing good trading habits.
I know the feeling of being nervous when live trading for the first time, and that’s okay.
But if you start small first to build confidence, instead of going all-in with your family’s wealth (I damn hope not)…
You’ll find yourself in an excellent spot to start trading and put yourself in an environment to keep on improving as a trader.
Sounds good?
Stop forcing trades when there’s nothing.
Instead, pick a level to trade where you’ll lose small when wrong—and earn big when right.
You pay less commissions, make less mistakes, and have less stress.
How To Trade Price Action (1 Hour Timeframe)
Learn More 👉 https://www.tradingwithrayner.com/how-to-trade-price-action-on-the-1-hour-timeframe/
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[STARTS IN 12 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/
The big money is made by sitting on your positions—not forcing trades out of boredom.
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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/
The outcome of a trade doesn't reflect your trading ability.
Your process, mindset, and attitude will.
[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.