10 Price Action Trading Tips You Can Learn in 10 Minutes (So You Can Get Results Fast)
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👍44❤15
Stop loss and position size go hand in hand.
If you increase your stop loss, reduce your position size.
If you decrease your stop loss, you can increase your position size.
Understand their relationship and you'll never blow another account.
If you increase your stop loss, reduce your position size.
If you decrease your stop loss, you can increase your position size.
Understand their relationship and you'll never blow another account.
👍110❤35🔥18
Intraday Trading: 4 Things You Must Know If You Want To Succeed
Learn More 👉 https://www.tradingwithrayner.com/intraday-trading-things-to-know/
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👍26🔥7❤1🤣1
[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?
👍99❤23👎2🤣2
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).
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).
👍46❤10🔥4
If you blame others, then you’re not taking 100% responsibility.
If you don’t take 100% responsibility, then you give up the power to change.
If you give up the power to change, then you’ll never make it as a trader.
If you don’t take 100% responsibility, then you give up the power to change.
If you give up the power to change, then you’ll never make it as a trader.
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Market Wizards: 4 Things I’ve Learned That Improved My Trading Results
Learn More 👉 https://www.tradingwithrayner.com/market-wizards/
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👍33❤12
[The longer it ranges the harder it trends]
If you notice the price has been ranging for a long time, you’re not alone.
Traders all around the world will be seeing the same charts as you.
Some will be queuing to short the resistance, and some will be trading the breakout.
If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.
That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.
If you notice the price has been ranging for a long time, you’re not alone.
Traders all around the world will be seeing the same charts as you.
Some will be queuing to short the resistance, and some will be trading the breakout.
If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.
That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.
👍81🔥16❤9
Trading in the zone: 8 Powerful lessons I’ve learned from Mark Douglas
Learn More 👉 https://www.tradingwithrayner.com/trading-in-the-zone/
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👍49❤10🔥4
In today's age of social media and distraction, focus is a superpower.
Focus on becoming a profitable trader.
Focus on writing the book you've always wanted.
Focus on losing your extra weight.
You don't need the holy grail, secret sauce, or luck. You just need to FOCUS.
Focus on becoming a profitable trader.
Focus on writing the book you've always wanted.
Focus on losing your extra weight.
You don't need the holy grail, secret sauce, or luck. You just need to FOCUS.
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Donchian Channel Strategies That Work
Learn More 👉 https://www.tradingwithrayner.com/donchian-channel/
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👍29❤10🔥5
If you're broke, invest in yourself.
If you want a better life, invest in yourself.
If you need more money, invest in yourself.
No trading strategy, magic pill, or cryptocurrencies can beat that.
If you want a better life, invest in yourself.
If you need more money, invest in yourself.
No trading strategy, magic pill, or cryptocurrencies can beat that.
❤108👍41🔥14
Pump and Dump Strategy (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/pump-and-dump/
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❤14🤣13👍12🔥1
[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.
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.
👍70❤29🔥15
Best Trading Books (for Beginners to Advanced Traders)
Learn More 👉 https://www.tradingwithrayner.com/best-trading-books-beginners-to-advanced/
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👍29❤9🔥6
The outcome of a trade doesn't reflect your trading ability.
Your process, mindset, and attitude will.
Your process, mindset, and attitude will.
👍107❤20🔥19
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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👍33❤6
The big money is made by sitting on your positions—not forcing trades out of boredom.
👍94❤32🔥14🤣3
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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❤15👍6🔥2
[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.
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.
👍97❤29🔥7