Discover how to use Trend Line to better time your entries, ride massive trends, and “predict” market turning points
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Being a disciplined trader without an edge is like being a disciplined player at a casino, you'll lose in the long run.
Find your edge first, then work on your discipline.
The interesting thing is, once you find your edge, discipline becomes 10x easier.
Find your edge first, then work on your discipline.
The interesting thing is, once you find your edge, discipline becomes 10x easier.
[How to improve your trading results, fast]
Here’s the deal:
You can figure things out on your own which will cost you time and money or, simply follow what works.
You’re probably wondering:
“How do I know what works?”
Well, the key thing is to look for trading books which contain specific trading rules with backtested results.
Here are some books worth checking out:
Following the Trend: Andreas Clenow
Trading systems: Urban & Emilio
Automated stock trading: Laurens Bensdorp
Short-term trading strategies that work: Larry & Cesar
Building Reliable Trading Systems: Keith Fitschen
This way, you don’t have to re-invent the wheel and can simply tweak their trading strategy to your needs.
Here’s the deal:
You can figure things out on your own which will cost you time and money or, simply follow what works.
You’re probably wondering:
“How do I know what works?”
Well, the key thing is to look for trading books which contain specific trading rules with backtested results.
Here are some books worth checking out:
Following the Trend: Andreas Clenow
Trading systems: Urban & Emilio
Automated stock trading: Laurens Bensdorp
Short-term trading strategies that work: Larry & Cesar
Building Reliable Trading Systems: Keith Fitschen
This way, you don’t have to re-invent the wheel and can simply tweak their trading strategy to your needs.
If you enjoyed my telegram postings, then you'll love my newsletter that is read by 90,000+ traders.
You’ll discover…
· Trading systems that work (backed by data, not theory)
· Actionable trading insights that give you an edge in the markets
· Practical tips and resources so you can shortcut your learning curve
Plus I'll send you a copy of "The Essential Guide To Systems Trading".
Click the link below to subscribe…
https://www.tradingwithrayner.com/essential-guide-to-systems-trading/
You’ll discover…
· Trading systems that work (backed by data, not theory)
· Actionable trading insights that give you an edge in the markets
· Practical tips and resources so you can shortcut your learning curve
Plus I'll send you a copy of "The Essential Guide To Systems Trading".
Click the link below to subscribe…
https://www.tradingwithrayner.com/essential-guide-to-systems-trading/
You don't need to be a more disciplined trader.
You need a trading system that gives you an edge.
This gives you confidence and conviction in yourself and your system.
Your discipline is a by-product of it.
You need a trading system that gives you an edge.
This gives you confidence and conviction in yourself and your system.
Your discipline is a by-product of it.
Don’t tell anyone you’re a trader.
Why? Because the moment those words leave your mouth, here comes the question…
“Have you made money from trading?”
Now, if you’re still learning (and probably losing), your answer is “no”.
And that “no” hits harder than your ex replying: “Who’s this?”
You won’t feel good about it as you’re reminded of your losses and how incompetent you are.
The next time you meet up with your friend again, guess what’s the question he’ll ask you?
“Made money trading yet?”
Again, your answer is no and you’ll feel horrible about it.
Now when you meet your friend the next time, guess what’s one question he’ll ask you?
“Made money yet?”
“Still doing that trading thing?”
“Shouldn’t you just, like… stop?”
So to avoid this trauma, don’t tell anyone about your trading endeavour—not even your family.
And when you finally do make it, you won’t need to say a word. Your results will do the talking.
Then, when your friend asks, “Made money yet?” you can casually reply:
“Yeah, just a little. By the way, how’s your job going?”
Boom, shakalaka!
Why? Because the moment those words leave your mouth, here comes the question…
“Have you made money from trading?”
Now, if you’re still learning (and probably losing), your answer is “no”.
And that “no” hits harder than your ex replying: “Who’s this?”
You won’t feel good about it as you’re reminded of your losses and how incompetent you are.
The next time you meet up with your friend again, guess what’s the question he’ll ask you?
“Made money trading yet?”
Again, your answer is no and you’ll feel horrible about it.
Now when you meet your friend the next time, guess what’s one question he’ll ask you?
“Made money yet?”
“Still doing that trading thing?”
“Shouldn’t you just, like… stop?”
So to avoid this trauma, don’t tell anyone about your trading endeavour—not even your family.
And when you finally do make it, you won’t need to say a word. Your results will do the talking.
Then, when your friend asks, “Made money yet?” you can casually reply:
“Yeah, just a little. By the way, how’s your job going?”
Boom, shakalaka!
Trading as a business: How to successfully start one and avoid the common pitfalls that destroy most traders
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[Pullback stock trading tips]
When it comes to stock trading, it’s possible to have hundreds of stocks forming a pullback trading setup at the same time.
So the question is:
How do you know which stocks to buy and which to avoid?
Well, the secret is to focus on stocks which have increased the most in price over the last 12 months.
Why?
Because these are stocks likely to outperform the market (and it’s been proven in theory as well according to the paper Returns to Buying Winners and Selling Losers by Jegadeesh and Titman).
So, how do you apply this to your trading?
1. Rank stocks according to their rate of change (ROC) over the last 50-weeks—from the highest to the lowest
2. Look for a pullback trading setup on stocks with the highest ROC value. If there isn’t, then move to the next stock (with a lower ROC value)
3. The top 5 stocks with a valid pullback trading setup are the ones to focus on
Pro Tip:
You can use a platform like Thinkorswim to help you rank the stocks, and it’s free.
When it comes to stock trading, it’s possible to have hundreds of stocks forming a pullback trading setup at the same time.
So the question is:
How do you know which stocks to buy and which to avoid?
Well, the secret is to focus on stocks which have increased the most in price over the last 12 months.
Why?
Because these are stocks likely to outperform the market (and it’s been proven in theory as well according to the paper Returns to Buying Winners and Selling Losers by Jegadeesh and Titman).
So, how do you apply this to your trading?
1. Rank stocks according to their rate of change (ROC) over the last 50-weeks—from the highest to the lowest
2. Look for a pullback trading setup on stocks with the highest ROC value. If there isn’t, then move to the next stock (with a lower ROC value)
3. The top 5 stocks with a valid pullback trading setup are the ones to focus on
Pro Tip:
You can use a platform like Thinkorswim to help you rank the stocks, and it’s free.
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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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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Learn More 👉 https://www.tradingwithrayner.com/guide-to-trading-pullbacks-and-breakouts/
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Trading isn't some online business where you can start with nothing.
You need money to make money.
You need money to make money.
[The hidden cost of copy trading that nobody tells you]
Copy trading is a business.
So, if you’re not being charged any upfront fee, then you’re paying more for the spread and overnight fees.
I’ll explain…
For most Forex brokers, the spread on EUR/USD is 1 pip. But on a copy trading platform, you might pay 2 to 3 pips more.
But don’t take my words for it because you can compare the spreads of a normal Forex broker with a copy trading platform and you’ll see the difference.
So, what’s the implication?
Two things.
#1: If you’re a trader being copied, then bear in mind your trading strategy won’t work as well because you’re paying more in spread (compared to a typical Forex broker).
#2: If you’re copying another trader, then it’s best to follow traders who trade infrequently so the spread doesn’t eat up a huge chunk of your profits.
Now, the spread isn’t your only cost because you still have to consider overnight fees (if you’re holding positions for longer than a day).
This fee is calculated by taking Libor + X%.
(Libor stands for inter-bank offered rate. It’s an interest rate that banks charge to other banks for borrowing the money.)
So, what is X?
Well, this is the mark up that’s determined by the copy trading platform and you’ll need to check with them for the exact amount.
The good news is, you don’t have to worry about calculating all these because the platform will likely do it for you—so do check it out before placing a trade.
Now, there are probably other fees to consider but the spread and overnight fees make up the chunk of it.
Copy trading is a business.
So, if you’re not being charged any upfront fee, then you’re paying more for the spread and overnight fees.
I’ll explain…
For most Forex brokers, the spread on EUR/USD is 1 pip. But on a copy trading platform, you might pay 2 to 3 pips more.
But don’t take my words for it because you can compare the spreads of a normal Forex broker with a copy trading platform and you’ll see the difference.
So, what’s the implication?
Two things.
#1: If you’re a trader being copied, then bear in mind your trading strategy won’t work as well because you’re paying more in spread (compared to a typical Forex broker).
#2: If you’re copying another trader, then it’s best to follow traders who trade infrequently so the spread doesn’t eat up a huge chunk of your profits.
Now, the spread isn’t your only cost because you still have to consider overnight fees (if you’re holding positions for longer than a day).
This fee is calculated by taking Libor + X%.
(Libor stands for inter-bank offered rate. It’s an interest rate that banks charge to other banks for borrowing the money.)
So, what is X?
Well, this is the mark up that’s determined by the copy trading platform and you’ll need to check with them for the exact amount.
The good news is, you don’t have to worry about calculating all these because the platform will likely do it for you—so do check it out before placing a trade.
Now, there are probably other fees to consider but the spread and overnight fees make up the chunk of it.
The Essential Guide To Breakout Trading (What Nobody Tells You)
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If trading is 80% psychology, then monks will rule the world. Instead, it's a combination of math, logic, and psychology.
A detailed guide on how to use stop loss order like a pro even if you have zero trading experience
Learn More 👉 https://www.tradingwithrayner.com/stop-loss-order/
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Learn More 👉 https://www.tradingwithrayner.com/stop-loss-order/
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[The truth about support and resistance nobody tells you]
If you read most trading textbooks, they’ll tell you that the more times support and resistance are tested, the stronger they become.
But that’s not true, because the more times support and resistance are tested within a short period, the weaker they become.
Here’s why…
Support exists because there’s potential buying pressure around a certain price level.
(This buying pressure could be institutional orders, retail orders, smart money, etc.)
So what happens when the price re-tests support multiple times?
Well, these orders start to fill up.
Eventually, when all these orders are filled up, there’s no one left to buy and that’s when support breaks.
This means the more times support and resistance is tested (especially within a short period), the weaker it becomes.
Why a short period?
Because it’s unlikely new orders will be “replenished” so quickly.
And that’s why the more times support and resistance are tested within a short period, the weaker they become.
If you read most trading textbooks, they’ll tell you that the more times support and resistance are tested, the stronger they become.
But that’s not true, because the more times support and resistance are tested within a short period, the weaker they become.
Here’s why…
Support exists because there’s potential buying pressure around a certain price level.
(This buying pressure could be institutional orders, retail orders, smart money, etc.)
So what happens when the price re-tests support multiple times?
Well, these orders start to fill up.
Eventually, when all these orders are filled up, there’s no one left to buy and that’s when support breaks.
This means the more times support and resistance is tested (especially within a short period), the weaker it becomes.
Why a short period?
Because it’s unlikely new orders will be “replenished” so quickly.
And that’s why the more times support and resistance are tested within a short period, the weaker they become.
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/
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/
Professional traders:
Manage risk
Stay humble
Trade with an edge
Continuously improve winning rate
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
Manage risk
Stay humble
Trade with an edge
Continuously improve winning rate
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