The NO BS Guide To ROC Indicator
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👍26❤1
[You don’t need to monitor your trades the whole day]
You might have heard the saying...
"You need to monitor your trades all the time to be a successful trader."
Nope.
Instead, you need a trading routine that works. One that doesn’t require you to stare at the charts all day.
So here’s a template you can use…
Example 1: You have a full-time job
–Weekends = Identify potential trading setups for the week
–Before work = Identify setups that are triggered and place your orders
–Lunch time = Check your portfolio and see if your trades are executed
–After work = Journal and review your trades
Now, what if you are a day trader?
Example 2: You are a day trader
–Before market hours = Identify potential trading setups for the day
–Market hours = Set alerts when the price comes to your level and trade it according to your plan
–After market hours = Journal and review your trades
Now…
Regardless of the type of trader you are, you must devote time to planning.
Because if you fail to plan, then you plan to fail.
You might have heard the saying...
"You need to monitor your trades all the time to be a successful trader."
Nope.
Instead, you need a trading routine that works. One that doesn’t require you to stare at the charts all day.
So here’s a template you can use…
Example 1: You have a full-time job
–Weekends = Identify potential trading setups for the week
–Before work = Identify setups that are triggered and place your orders
–Lunch time = Check your portfolio and see if your trades are executed
–After work = Journal and review your trades
Now, what if you are a day trader?
Example 2: You are a day trader
–Before market hours = Identify potential trading setups for the day
–Market hours = Set alerts when the price comes to your level and trade it according to your plan
–After market hours = Journal and review your trades
Now…
Regardless of the type of trader you are, you must devote time to planning.
Because if you fail to plan, then you plan to fail.
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Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets
Learn More 👉 https://priceactiontradingsecrets.com/
Learn More 👉 https://priceactiontradingsecrets.com/
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There comes a point in trading where too much information hurts.
You must put what you know into practice, a plan, something concrete you can test, verify, and validate.
If you're not getting the results you want, take a step back and work with what you have—not add more.
You must put what you know into practice, a plan, something concrete you can test, verify, and validate.
If you're not getting the results you want, take a step back and work with what you have—not add more.
👍75❤26🔥15
Parabolic Stock Trading Strategy (The Essential Guide)
Learn More 👉 https://www.tradingwithrayner.com/parabolic-stock/
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👍22❤4🔥4
[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.
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The Ultimate Guide To Tweezer Tops
Learn More 👉 https://www.tradingwithrayner.com/tweezer-tops/
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👍34🔥3❤2
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.
👍125❤28🤣13🔥12
The Definitive Guide To Spinning Top Candlestick Pattern
Learn More 👉 https://www.tradingwithrayner.com/spinning-top-candlestick/
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👍34❤3🔥3
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.
👍153❤59🔥17👎3
Forex Market Vs Stock Market: Which One Should You Trade?
Learn More 👉 https://www.tradingwithrayner.com/forex-market-vs-stock-market/
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👍34❤7👎1
[Get out of demo trading and start small]
Now…
It doesn’t matter whether you want to start with $100, $500, or $1,000.
What matters is that you get out of demo trading.
Start trading live.
Start trading small.
And start practicing good trading habits.
I know the feeling of being nervous when live trading for the first time, and that’s okay.
But if you start small first to build confidence, instead of going all-in with your family’s wealth (I damn hope not)…
You’ll find yourself in an excellent spot to start trading and put yourself in an environment to keep on improving as a trader.
Sounds good?
Now…
It doesn’t matter whether you want to start with $100, $500, or $1,000.
What matters is that you get out of demo trading.
Start trading live.
Start trading small.
And start practicing good trading habits.
I know the feeling of being nervous when live trading for the first time, and that’s okay.
But if you start small first to build confidence, instead of going all-in with your family’s wealth (I damn hope not)…
You’ll find yourself in an excellent spot to start trading and put yourself in an environment to keep on improving as a trader.
Sounds good?
👍97❤61🔥11🤣3👎1
The Essential Guide To The ABCD Pattern
Learn More 👉 https://www.tradingwithrayner.com/abcd-pattern/
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❤30👍15
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.
❤102👍49🔥14
How to Identify Trend Reversal Patterns (The Ultimate Guide)
Learn More 👉 https://www.tradingwithrayner.com/trend-reversal-patterns/
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👍36❤9🤣2
[A stop loss order will save your trading account, here’s why…]
A stop loss order is a type of order that gets you out of a trade automatically.
It means that you don’t need to stare at your charts the whole day and try to scare your pants off as the price approaches your stop loss order.
Now…
I’m not going to lie to you…
It hurts taking a loss…
Even if it’s just a losing trade.
But how would you feel when your stop loss order got hit, and the price went against you even more?
Except…
You’re not there to take the hit.
You feel relieved, right?
Not only do you free up space on your portfolio early to look for better trading opportunities.
But you also prevented a huge potential loss.
Can you see why this is important?
That’s why you can think of a stop loss order as a “risk police” that prevents you from losing more money or having unexpected losses.
A stop loss order is a type of order that gets you out of a trade automatically.
It means that you don’t need to stare at your charts the whole day and try to scare your pants off as the price approaches your stop loss order.
Now…
I’m not going to lie to you…
It hurts taking a loss…
Even if it’s just a losing trade.
But how would you feel when your stop loss order got hit, and the price went against you even more?
Except…
You’re not there to take the hit.
You feel relieved, right?
Not only do you free up space on your portfolio early to look for better trading opportunities.
But you also prevented a huge potential loss.
Can you see why this is important?
That’s why you can think of a stop loss order as a “risk police” that prevents you from losing more money or having unexpected losses.
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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://icmarkets.com/?camp=37277
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://icmarkets.com/?camp=37277
Disclaimer: I’ll earn a referral fee if you sign up with them. But it comes at no extra cost to you.
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://icmarkets.com/?camp=37277
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://icmarkets.com/?camp=37277
Disclaimer: I’ll earn a referral fee if you sign up with them. But it comes at no extra cost to you.
👍48❤15🤣4
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.
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[Do you really need both Stochastic indicator & RSI?]
Well, they are similar but different.
I’ll explain…
The stochastic indicator and RSI are similar because they are both momentum oscillators.
In other words, they measure momentum in the market and their values range between 0 and 100.
But how are they different?
Well, the calculations that go into the stochastic indicator and the RSI indicator are different.
However, they use the same concept which is to measure momentum.
Thus, you shouldn’t be surprised to see both stochastic indicator and RSI pointing in the same direction (albeit with different values).
So, the bottom line is this…
If you want to use a momentum indicator (like RSI or Stochastic), just pick one will do because they pretty much tell you the same thing.
Well, they are similar but different.
I’ll explain…
The stochastic indicator and RSI are similar because they are both momentum oscillators.
In other words, they measure momentum in the market and their values range between 0 and 100.
But how are they different?
Well, the calculations that go into the stochastic indicator and the RSI indicator are different.
However, they use the same concept which is to measure momentum.
Thus, you shouldn’t be surprised to see both stochastic indicator and RSI pointing in the same direction (albeit with different values).
So, the bottom line is this…
If you want to use a momentum indicator (like RSI or Stochastic), just pick one will do because they pretty much tell you the same thing.
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