The Essential Guide To Multi-Timeframe Analysis
Learn More 👉 https://www.tradingwithrayner.com/multi-timeframe-analysis/
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👍27❤13
Anyone can make money from trading.
But few are consistently profitable in the long run.
Why?
Because only a few have... Edge + Risk Management + Discipline
But few are consistently profitable in the long run.
Why?
Because only a few have... Edge + Risk Management + Discipline
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The Essential Guide To Forex Lot Size
Learn More 👉 https://www.tradingwithrayner.com/forex-lot-size/
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👍20❤5
[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.
👍79❤18🔥2
The Complete Guide To Divergence Trading
Learn More 👉 https://www.tradingwithrayner.com/divergence-trading/
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❤23👍14🔥1
There are no perfect entries:
Breakouts may fail
Pullbacks may never come
Confirmation may be too late
Pullbacks may become a reversal
But the good news is this, you don't need perfect entries to make it as a trader
Breakouts may fail
Pullbacks may never come
Confirmation may be too late
Pullbacks may become a reversal
But the good news is this, you don't need perfect entries to make it as a trader
👍138❤24🔥19
What Is A Trading Journal (A Detailed Guide)
Learn More 👉 https://www.tradingwithrayner.com/what-is-a-trading-journal/
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❤36👍10🤣2
[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.
👍43❤24🔥5
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/
👍24❤6
You can give excuses or become a profitable trader. But you can't do both.
🔥74👍23❤13
Chart Patterns Cheat Sheet
Learn More 👉 https://www.tradingwithrayner.com/chart-patterns-cheat-sheet/
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👍21❤9
[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.
👍51❤18🔥1
The Definitive Guide To Dark Cloud Cover Candlestick Pattern
Learn More 👉 https://www.tradingwithrayner.com/dark-cloud-cover/
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👍27❤7
The Best Stop Loss Strategy (An Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/best-stop-loss-strategy/
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👍39❤7
One trade isn't going to change your life. But 1000 trades with a positive expectancy will.
👍96❤30🔥12
On Balance Volume (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/on-balance-volume/
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👍29❤5👎3🔥1
[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.
👍79❤28🔥9🤣4
The Ultimate Guide On How To Use Trend Lines
Learn More 👉 https://www.tradingwithrayner.com/how-to-use-trend-lines/
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👍29❤12
There are 5 possible outcomes for your trade:
1. Breakeven
2. Small win
3. Small loss
4. Big win
5. Big loss
Eliminate #5 and you’ve just taken a big step forward.
1. Breakeven
2. Small win
3. Small loss
4. Big win
5. Big loss
Eliminate #5 and you’ve just taken a big step forward.
❤114👍39🔥13
The Essential Guide To Hedging In Trading
Learn More 👉 https://www.tradingwithrayner.com/hedging-in-trading/
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👍25❤6