The Real Rayner Teo

2023-11-28 04:00:00 [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."

That’s false.

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. Open / Comment

2023-11-27 15:31:45 The Complete Guide to Trend-Following Strategies

Learn More https://www.tradingwithrayner.com/trend-following-strategies/

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2023-11-27 03:59:59 Seeing your account go nowhere can be difficult

But rem, you need time for your edge to play out

You won't be a profitable trader after taking a course

You don't get a baby in 1 month by getting 9 women pregnant

Rome isn't built in a day—and it's the same for your account Open / Comment

2023-11-26 15:29:18 How To Draw Supply And Demand Zones (The Essential Guide)

Learn More https://www.tradingwithrayner.com/supply-and-demand-zones/

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2023-11-25 15:30:22 How to Identify Trend Reversal Patterns (The Ultimate Guide)

Learn More https://www.tradingwithrayner.com/trend-reversal-patterns/

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2023-11-25 04:00:01 [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. Open / Comment

2023-11-24 15:34:02 The Essential Guide To The ABCD Pattern

Learn More https://www.tradingwithrayner.com/abcd-pattern/

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2023-11-24 04:01:59 Things I ask myself before a trade:

1 What's the market structure, range or trend?

2 Where are the major SR areas?

3 Can I lean my stops against SR?

4 Where would opposing pressure come in?

5 How is price moving, chop or clean?

6 Volatility expanding or decreasing? Open / Comment

2023-11-23 15:23:28 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/ Open / Comment

2023-11-23 04:00:00 [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. Open / Comment