In trading, it's not about predicting the market.
Just like a casino, the key is to manage risk and let your edge play out.
Your success as a trader depends on how well you execute your strategy, not on how accurately you predict the market's movements.
Just like a casino, the key is to manage risk and let your edge play out.
Your success as a trader depends on how well you execute your strategy, not on how accurately you predict the market's movements.
9 Things Professional Traders Do That Losers Don’t
Learn More 👉 https://www.tradingwithrayner.com/what-professional-traders-do/
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Learn More 👉 https://www.tradingwithrayner.com/what-professional-traders-do/
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Kevin is a World Cup trading champion, full-time trader, and investment manager.
As you know, it’s hard to find someone who is a world-up trading champion and willing to spill their secrets at the same time. Kevin is a rare breed.
So here’s a glimpse of what you’ll learn today:
1) Kevin’s growing up years, formative moments, and the transition to full-time trading
2) What is algo trading and how it work
3) The surprising truth as to why he has 200 trading systems
4) How to tell when a trading system is no longer working and what you should do about it
5) The reason why he avoids trading stocks
6) Is algo trading suitable for you?
7) How to get started with algo trading even if you have no experience
Go listen now...
Spotify: https://open.spotify.com/episode/7DCbhV7OSyCTyPmWARbexH?si=d35dd582724f4bff
Apple: https://podcasts.apple.com/us/podcast/secrets-of-an-algo-trading-champion-with-kevin-davey/id1484249091?i=1000635378186
YouTube: https://youtu.be/FROq3_Neklg?si=j_QL_meP72eQbpCY
As you know, it’s hard to find someone who is a world-up trading champion and willing to spill their secrets at the same time. Kevin is a rare breed.
So here’s a glimpse of what you’ll learn today:
1) Kevin’s growing up years, formative moments, and the transition to full-time trading
2) What is algo trading and how it work
3) The surprising truth as to why he has 200 trading systems
4) How to tell when a trading system is no longer working and what you should do about it
5) The reason why he avoids trading stocks
6) Is algo trading suitable for you?
7) How to get started with algo trading even if you have no experience
Go listen now...
Spotify: https://open.spotify.com/episode/7DCbhV7OSyCTyPmWARbexH?si=d35dd582724f4bff
Apple: https://podcasts.apple.com/us/podcast/secrets-of-an-algo-trading-champion-with-kevin-davey/id1484249091?i=1000635378186
YouTube: https://youtu.be/FROq3_Neklg?si=j_QL_meP72eQbpCY
[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.
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.
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/
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/
There's no such thing as failure, only feedback. If you're not seeing the results you want, it's feedback that whatever you're doing isn't working.
So go make the necessary changes and give it another go.
Failure only happens when you quit.
Otherwise, it's feedback.
So go make the necessary changes and give it another go.
Failure only happens when you quit.
Otherwise, it's feedback.
The Essential Guide To Reversal Chart Patterns
Learn More 👉 https://www.tradingwithrayner.com/reversal-chart-patterns/
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Learn More 👉 https://www.tradingwithrayner.com/reversal-chart-patterns/
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[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!
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!
How To Be the Top 5% Of Traders When Almost Everyone Fails
Learn More 👉 https://www.tradingwithrayner.com/top-5-percent-traders/
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Learn More 👉 https://www.tradingwithrayner.com/top-5-percent-traders/
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The Essential Guide To Hedging In Trading
Learn More 👉 https://www.tradingwithrayner.com/hedging-in-trading/
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Learn More 👉 https://www.tradingwithrayner.com/hedging-in-trading/
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A trader who can wait for the right setup and avoid the temptation of jumping into every opportunity has already achieved a significant milestone.
Don't rush the process, take your time and let the market come to you.
Don't rush the process, take your time and let the market come to you.
ATR Indicator Explained
Learn More 👉 https://www.tradingwithrayner.com/atr-indicator/
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Learn More 👉 https://www.tradingwithrayner.com/atr-indicator/
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[Follow your trading plan regardless of each trade’s outcome]
When I was a 7-year-old, my teacher would give me a “star sticker” whenever I put in the effort to do my homework, regardless of whether the answer is right or wrong.
In other words, she rewards effort, not the outcome.
If you think about it, this approach is highly suitable for trading.
You should reward yourself whenever you follow your trading plan regardless of whether the trade is a winning or a loser.
So here’s how the star system works…
- Every time you follow your plan, you get 1 star
- Every time you didn’t follow your plan, you get -2 stars
- The goal of the star system is to accumulate 100 stars
As you can see, the focus isn’t to make profits.
Rather, it’s to accumulate as many stars as possible by being consistent with your actions.
Remember, a consistent set of actions lead to a consistent set of results.
When I was a 7-year-old, my teacher would give me a “star sticker” whenever I put in the effort to do my homework, regardless of whether the answer is right or wrong.
In other words, she rewards effort, not the outcome.
If you think about it, this approach is highly suitable for trading.
You should reward yourself whenever you follow your trading plan regardless of whether the trade is a winning or a loser.
So here’s how the star system works…
- Every time you follow your plan, you get 1 star
- Every time you didn’t follow your plan, you get -2 stars
- The goal of the star system is to accumulate 100 stars
As you can see, the focus isn’t to make profits.
Rather, it’s to accumulate as many stars as possible by being consistent with your actions.
Remember, a consistent set of actions lead to a consistent set of results.
Bollinger Bands Indicator Explained
Learn More 👉 https://www.tradingwithrayner.com/bollinger-bands-trading-strategy/
Share ✌️ http://t.me/tradingwithrayner
Learn More 👉 https://www.tradingwithrayner.com/bollinger-bands-trading-strategy/
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Trading one strategy with discipline is like having a loyal partner.
Having 10 strategies without discipline is like dating multiple partners and ending up alone.
Having 10 strategies without discipline is like dating multiple partners and ending up alone.
Everyone wants to become a professional trader without really knowing what it means. So here's the truth and what it takes to become one…
Learn More 👉 https://www.tradingwithrayner.com/professional-trader/
Share ✌️ http://t.me/tradingwithrayner
Learn More 👉 https://www.tradingwithrayner.com/professional-trader/
Share ✌️ http://t.me/tradingwithrayner
[Always be a student of the markets]
Here’s my learning curve as a trader:
I started with indicators, then price action trading.
And for a few years, I thought that’s all I needed because after all, the price is king and that’s all I needed to be a profitable trader.
But that hurts my growth because I tuned out everything else (and limited myself only to price action trading).
When I realized my folly, I quickly went back to being a student of the markets.
So I asked myself:
“What are other winning traders doing to profit from the markets?”
That’s when I got exposed to trend following, systems trading, mean reversion trading, etc.
By expanding my knowledge and incorporating different strategies, I was able to find more trading opportunities (most traders are blinded to).
So here's the deal...
You may (or may not) be a profitable trader but, it doesn’t mean your learning curve is over because you’re always a student of the market.
I encourage you to keep learning and exploring new strategies. Don't limit yourself to just one approach, because there's always more to discover.
Ultimately, the key is to remain open-minded and willing to try new things. It can be scary to step outside your comfort zone, but it's often the only way to achieve true growth and success.
Here’s my learning curve as a trader:
I started with indicators, then price action trading.
And for a few years, I thought that’s all I needed because after all, the price is king and that’s all I needed to be a profitable trader.
But that hurts my growth because I tuned out everything else (and limited myself only to price action trading).
When I realized my folly, I quickly went back to being a student of the markets.
So I asked myself:
“What are other winning traders doing to profit from the markets?”
That’s when I got exposed to trend following, systems trading, mean reversion trading, etc.
By expanding my knowledge and incorporating different strategies, I was able to find more trading opportunities (most traders are blinded to).
So here's the deal...
You may (or may not) be a profitable trader but, it doesn’t mean your learning curve is over because you’re always a student of the market.
I encourage you to keep learning and exploring new strategies. Don't limit yourself to just one approach, because there's always more to discover.
Ultimately, the key is to remain open-minded and willing to try new things. It can be scary to step outside your comfort zone, but it's often the only way to achieve true growth and success.
Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
Learn More 👉 https://priceactiontradingsecrets.com/
Learn More 👉 https://priceactiontradingsecrets.com/
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/
(Btw, we're starting in 24 hours time. So there's still time to claim a spot.)
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/
(Btw, we're starting in 24 hours time. So there's still time to claim a spot.)
7 ways you can exit a trade:
1. Trailing stops
2. Support & resistance
3. Fibonacci extension
4. Swing high & low
5. Setup is invalidated
6. Previous candle high/low
7. Time stop
Bonus: Margin call
1. Trailing stops
2. Support & resistance
3. Fibonacci extension
4. Swing high & low
5. Setup is invalidated
6. Previous candle high/low
7. Time stop
Bonus: Margin call