When you have some trading profits, don't upgrade your lifestyle too quickly.
Because when the losses come, they will be a liability to your finances, mindset, and performance.
Because when the losses come, they will be a liability to your finances, mindset, and performance.
How To Catch A Falling Knife (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/falling-knife/
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Learn More 👉 https://www.tradingwithrayner.com/falling-knife/
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[Why you lose money with trading indicators]
Many traders don’t know how this game is supposed to be played.
They believe the answer lies in the “right” combination of indicators that will make them rich.
So they buy the latest trading indicators to help them crack the code.
And after many failed attempts, they wonder why they lose money with trading indicators.
Do you want to know why?
Here’s the truth…
Indicators are a derivative of price. They simply indicate to you what has happened, not what will happen.
So, no matter how many different combinations you try, you’ll never be a profitable trader if you solely rely on trading indicators to make your decisions.
Trading indicators are meant to aid your decision-making process, not be the decision-maker.
Many traders don’t know how this game is supposed to be played.
They believe the answer lies in the “right” combination of indicators that will make them rich.
So they buy the latest trading indicators to help them crack the code.
And after many failed attempts, they wonder why they lose money with trading indicators.
Do you want to know why?
Here’s the truth…
Indicators are a derivative of price. They simply indicate to you what has happened, not what will happen.
So, no matter how many different combinations you try, you’ll never be a profitable trader if you solely rely on trading indicators to make your decisions.
Trading indicators are meant to aid your decision-making process, not be the decision-maker.
Discover 19 Powerful Lessons from the Legend, Jesse Livermore
Learn More 👉 https://www.tradingwithrayner.com/jesse-livermore-quotes/
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Learn More 👉 https://www.tradingwithrayner.com/jesse-livermore-quotes/
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The government don't owe you anything.
The world don't owe you anything.
The rich don't owe you anything.
Nobody is here to save you.
The good news?
You don't need anybody because you already have all the resources at your disposal—the internet.
You can acquire almost anything skills you want if you put your mind to it.
So go for it.
The world don't owe you anything.
The rich don't owe you anything.
Nobody is here to save you.
The good news?
You don't need anybody because you already have all the resources at your disposal—the internet.
You can acquire almost anything skills you want if you put your mind to it.
So go for it.
How To Trade Different Types Of Trend Lines (Ultimate Guide)
Learn More 👉 https://www.tradingwithrayner.com/types-of-trend-lines/
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Learn More 👉 https://www.tradingwithrayner.com/types-of-trend-lines/
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[Why you lose money with trading indicators]
Here’s the thing:
There are profitable traders out there who use indicators in their trading.
And you’re probably thinking:
“Since they are making money with these indicators, why don’t I just copy them?”
So, that’s what you do.
You follow the same indicators, settings, instructions, etc.
But, you still lose money with trading indicators.
Why?
Because what you see is only the surface, not the complete picture.
Here’s an example:
Let’s say Michael is a profitable trader who relies on trading indicators to time his entries and exits.
Now, the reason why Michael finds success with indicators is not that he found the “perfect” settings or whatsoever.
Rather, it’s because he knows how to switch gears and use different indicators for different market conditions.
So if you were to blindly follow what he does, then when the market changes, your trading indicators will stop working and that’s when the bleeding starts.
Here’s the thing:
There are profitable traders out there who use indicators in their trading.
And you’re probably thinking:
“Since they are making money with these indicators, why don’t I just copy them?”
So, that’s what you do.
You follow the same indicators, settings, instructions, etc.
But, you still lose money with trading indicators.
Why?
Because what you see is only the surface, not the complete picture.
Here’s an example:
Let’s say Michael is a profitable trader who relies on trading indicators to time his entries and exits.
Now, the reason why Michael finds success with indicators is not that he found the “perfect” settings or whatsoever.
Rather, it’s because he knows how to switch gears and use different indicators for different market conditions.
So if you were to blindly follow what he does, then when the market changes, your trading indicators will stop working and that’s when the bleeding starts.
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/
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/
Many traders think you need to take high risk for high returns.
Wrong!
You should risk small, let your edge play out, add capital, and compound your gains over time—that's how you make it BIG.
Wrong!
You should risk small, let your edge play out, add capital, and compound your gains over time—that's how you make it BIG.
How To Setup Your MT4 Trading Platform Like A Pro
Learn More 👉 https://www.tradingwithrayner.com/mt4-trading/
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Learn More 👉 https://www.tradingwithrayner.com/mt4-trading/
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The Ultimate Guide To Zig Zag Indicator
Learn More 👉 https://www.tradingwithrayner.com/zig-zag-indicator/
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Learn More 👉 https://www.tradingwithrayner.com/zig-zag-indicator/
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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
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
The Best Stop Loss Strategy (An Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/best-stop-loss-strategy/
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Learn More 👉 https://www.tradingwithrayner.com/best-stop-loss-strategy/
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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.
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.
A Complete Guide To Creating And Using A Forex Trading Journal
Learn More 👉 https://www.tradingwithrayner.com/forex-trading-journal/
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Learn More 👉 https://www.tradingwithrayner.com/forex-trading-journal/
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[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.
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 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/
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/
The Definitive Guide to Trading Breakouts
Learn More 👉 https://www.tradingwithrayner.com/trading-breakouts/
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Learn More 👉 https://www.tradingwithrayner.com/trading-breakouts/
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[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?
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?
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/
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/