[Learn everything about trading, then pick what you need]

As a new trader, there are things you know that you don’t know.

And then, there are things you don’t know that you don’t know (which are even more).

So, don’t focus on one technique or strategy too early because it might not be a good fit.

Instead, explore your options out there.

Learn as much as you can about trading, anything you can get your hands on.

Things like day trading, swing trading, RSI, MACD, stochastic, moving average, counter-trend trading, trend following, etc.

Now here’s the thing:

Not every trading tool you learn will be useful to you.

But the key is to understand what it is, how it works, and the purpose of it.

For example:

The moving average is a trend following indicator (what it is).

It works by calculating the average price over a given period and is plotted as a line on the chart (how it works).

You can use moving average to trail your stop loss, identify the area of value, and filter for trending market conditions (the purpose of it).

Now…

Once you know the different tools out there, you can pick the right ones to fit your needs—and not blindly follow the herd.

The Trend Line Breakout Trading Strategy

Learn More 👉 https://www.tradingwithrayner.com/trend-line-breakout-trading-strategy/

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Trading can never replace the consistent income of a job.

Because it’s not a job—it’s a business.

Simple Breakout Trading System +5,024% (Backed by Data)

Learn More 👉 https://www.tradingwithrayner.com/breakout-trading-system/

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[Don’t quit your job, yet]

Let me share with you a quick story…

John (not his real name) just started trading the Forex market.

He funded a live account and made a $1,000 profit after a few trades.

So he thought to himself…

“If I can make $1,000 trading part-time, then I’ll make even more money trading full-time.”

So, John quit his job to trade full-time.

The first few days were good as he was making consistent profits from the markets.

Then the market changed and the losses crept in.

Eventually, he gave back all his profits and blew up his account—now he’s looking for a job.

The lesson?

Don’t quit your job, yet.

Just because you’ve made some money from the financial markets doesn’t mean you can do it full-time.

A safer approach is to trade part-time and develop the skills to become a profitable trader. Once you have acquired it, then you can consider the transition to full-time trading.

Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets

Learn More 👉 https://priceactiontradingsecrets.com/

Trading = Spending years to acquire a skill so you can be free for the rest of your life

The Trend Line Breakout Trading Strategy

Learn More 👉 https://www.tradingwithrayner.com/trend-line-breakout-trading-strategy/ 

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[How to set proper profit targets (hint: it’s not about your risk-reward ratio)]

I laugh to myself whenever I hear traders comment:

“You must have a minimum of 1:2 risk-reward ratio if you want to be a profitable trader.”

Now let me ask you…

What’s so special about having a 1:2 risk-reward ratio?

Why not have a 1:10? Or even a 1:100?

So here’s the truth…

The market doesn’t care about your risk-reward ratio—it goes where it wants to go.

The only thing you can do is, observe what the market has done previously, and use it as a clue to where it might go in the future.

For example:

If the market previously collapsed at $100, then the next time it approaches $100, there’s a possibility of selling pressure coming in at that level.

As a swing trader, you don’t want to set your target at $105, $100, or $110 because the market might not get to that level due to selling pressure.

Instead, you want to exit your trade before opposing pressure steps in which is before $100 (around $99 or so).

This means if you’re in a long trade, you’ll want to exit your trade before:

–Swing high
–Resistance
–Downward trendline

(And it’s just the opposite for a short trade)

How To Find Support and Resistance Levels

Learn More 👉 https://www.tradingwithrayner.com/how-to-find-support-and-resistance-levels/

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The Definitive Guide To Economic News

Learn More 👉 https://www.tradingwithrayner.com/economic-news/

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Trading is not a job.

It’s a business.

An identity of the 5%.

An individual who is in control.

A belief that you can achieve when others fail.

An expression of your thoughts, feelings, and attitude—without discrimination.

Trading is freedom.

The Definitive Guide to Price Action Backtesting

Learn More 👉 https://www.tradingwithrayner.com/backtesting/

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[Consistent actions lead to consistent results]

I remembered my first trading system.

It was using Bollinger Bands—buy when the price is at the lower band and sell when it’s at the upper band.

Using this approach, I had 3 winning trades in a row!

I thought to myself…

“This is it!”

“This is wive life-changing money.”

“I can’t tell anyone less they copy what I’m doing.”

How naive.

Because the next 5 trades were losers!

So I concluded this trading strategy doesn’t work and look for something better.

Then, I chanced upon harmonic patterns.

(Basically, you use tools like Fibonacci retracements and extensions to draw patterns like Crab, Bat, Duck, Dinosaur, etc. as they’re supposed to predict market turning points.)

I spent 6 months learning how to draw these patterns.

As you can tell, I’m a slow learner.

And guess what?

The same thing happened!

I had a few winning trades followed by a series of losses.

Again the voice in my head said…

“This trading strategy doesn’t work. Let’s look for something else.”

So I went around searching for the holy grail.

I’ve tried different indicators, chart patterns, volume profiles, etc.

And the results were similar.

At this point, I’m starting to doubt myself.

I have questions like…

“Why does this always happen?”

“Why am I not getting consistent results in my trading?”

“Why do I make money at the start only to lose it all again?”

Now, do you know what I realized?

It’s me.

The problem lies in me.

That’s because I was hopping from one trading strategy to the next.

My actions were inconsistent. And because my actions were inconsistent, I got inconsistent results. Like duh!

So the bottom line is this…

If you want to be a consistent trader, then you must have a set of consistent actions.

Find a proven trading system that works, and follow the rules day in and out. If you can, consistent profitability is not far away.


Cheers,

Rayner “the-consistent-trader” Teo

The Average True Range Indicator Strategy Guide

Learn More 👉 https://www.tradingwithrayner.com/average-true-range/

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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.

A Bull Flag Pattern Trading Strategy - A Complete Guide

Learn More 👉 https://www.tradingwithrayner.com/bull-flag-pattern/

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[Here’s why you need proper risk management in trading]

Imagine:

There are two traders, John and Sally.

They both start with a $1,000 account

John is an aggressive trader and he risks $250 on each trade.

Sally is a conservative trader and she risks $20 on each trade.

Both adopt a trading strategy that wins 50% of the time with an average of 1:2 risk to reward.

Over the next 8 trades, the outcomes are Lose Lose Lose Lose Win Win Win Win.

Here’s the outcome for John:

-$250 -$250 -$250 -$250 = BLOW UP

Here’s the outcome for Sally:

-$20 -$20 -$20 -$20 +$40 +$40 +$40 +$40 = +$80

Do you see the power of risk management?

So here’s the deal:

As a trader, you’ll encounter losses regularly.

But with proper risk management, you can contain these losses till it feels like an “ant bite”.

This is a 31-page trading booklet that contains a specific trading system that has generated 1451.74% since 2000—and has 18 winning years out of the last 20.

Learn More 👉 https://pullbackstocktradingsystem.com/

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.