The Real Rayner Teo

2023-10-19 04:01:50 [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. Open / Comment

2023-10-18 15:32:45 The Ultimate Guide To Zig Zag Indicator

Learn More https://www.tradingwithrayner.com/zig-zag-indicator/

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2023-10-18 04:00:21 If you want a fixed monthly income, don't be a trader. Open / Comment

2023-10-17 15:23:34 How To Setup Your MT4 Trading Platform Like A Pro

Learn More https://www.tradingwithrayner.com/mt4-trading/

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2023-10-17 04:00:00 [Always be a student of the markets]

Here’s my learning curve as a trader:

I started with indicators, then price action trading.

And for a few years, I thought that’s all I needed because after all, the price is king and that’s all I needed to be a profitable trader.

But that hurts my growth because I tuned out everything else (and limited myself only to price action trading).

When I realized my folly, I quickly went back to being a student of the markets.

So I asked myself:

“What are other winning traders doing to profit from the markets?”

That’s when I got exposed to trend following, systems trading, mean reversion trading, etc.

By expanding my knowledge and incorporating different strategies, I was able to find more trading opportunities (most traders are blinded to).

So here's the deal...

You may (or may not) be a profitable trader but, it doesn’t mean your learning curve is over because you’re always a student of the market.

I encourage you to keep learning and exploring new strategies. Don't limit yourself to just one approach, because there's always more to discover.

Ultimately, the key is to remain open-minded and willing to try new things. It can be scary to step outside your comfort zone, but it's often the only way to achieve true growth and success. Open / Comment

2023-10-16 15:29:19 The Ultimate Guide to Trade Simulator

Learn More https://www.tradingwithrayner.com/trade-simulator/

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2023-10-16 04:00:00 You shouldn't think about how much money you're going to make this week.

Instead, you should ask yourself:

Do I have a plan that keeps me in this business for the next 20 years?

If you do, the money will take care of itself. Open / Comment

2023-10-15 15:29:30 The NO BS Guide To ROC Indicator

Learn More https://www.tradingwithrayner.com/roc-indicator/

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2023-10-14 15:26:06 How To Trade Different Types Of Trend Lines (Ultimate Guide)

Learn More https://www.tradingwithrayner.com/types-of-trend-lines/

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2023-10-14 04:02:00 [Follow your trading plan regardless of each trade’s outcome]

When I was a 7-year-old, my teacher would give me a “star sticker” whenever I put in the effort to do my homework, regardless of whether the answer is right or wrong.

In other words, she rewards effort, not the outcome.

If you think about it, this approach is highly suitable for trading.

You should reward yourself whenever you follow your trading plan regardless of whether the trade is a winning or a loser.

So here’s how the star system works…

Every time you follow your plan, you get 1 star

Every time you didn’t follow your plan, you get -2 stars

The goal of the star system is to accumulate 100 stars

As you can see, the focus isn’t to make profits.

Rather, it’s to accumulate as many stars as possible by being consistent with your actions.

Remember, a consistent set of actions lead to a consistent set of results. Open / Comment