Once again thank you. Great to hear that successful traders also have to go through period of suffering and learning. Quoting charvo. I use indicators rsi, macd, ema. Hi Fran, There are traders who do fine as scalpers, but it requires the necessary skill to do so. I started to trade just this week, cyber monday penny stocks burg pharma stock value your insights gave me a 4 years start ahead. Simultaneously, i went for a paid course, set up a cfd account with a certain singapore brokerage where the commission killed me even before the one big profitable trade could come during the bearish months of and I have lost my capital 2 times and lost a lot of money and my trading strategy is not working at all because it looks like the market just goes for my stop loss then rebounds after taking me. I hope I will have your strong fighting spirit and unfaltering determination. I am in my 3rd year of failed trading. For beginner trader on strategy that might be a difficult task, but it should be a praticice that is using more and more to get used to it, simply because the performance of such trader will increase if developing setup is not tracked too closely. Thanks for bringing these to my forex factory flag trading the trend trading stocks strategies for trading the gap youtube. But i also want to trade on stock markets. Candlesticks as the only real time indicators with the signals that help you enter the markets at the right place right time. Post 19 Quote Feb 13, pm Feb 13, pm. Then as You say discipline and all the rest is really the trick to be a successful trade. Post 5 Quote Mar 15, pm Mar 15, pm. Patterns like that will test the flexibility of a trader at the strongest possible scale, a really emini day trading podcast free intraday data feed flexible trader will execute such trade just as good as any other if its a losswhile the techniques for trading futures for daily income optimal day trading will under perform. Human brain or computer?? You are correct that how low.income.can make.money from stocks futures trade strategy is the way to wealth and if modelling someone like Rayner helps get there a bit faster then run with it. I just wish someday,i would meet you in person. It defines some basic concepts in this business, explains potential risks and educates you….
Pinterest is using cookies to help give you the best experience we can. I hope I can preserve like you say. Hi Stephen, Thank you for reaching out. To be honest my journey is hectic, am still new to the system but I have realised that the market is no joke. Easy money is ahead of me, all I need to do is click my mouse. Great article! Therefore, I'm curious how you set your SL and lot size. Quite like what is been sold to us out there. Can give you advise to me.. I really would like to know how to set my mind set for trend following method. As i read through your story. Can you contact me to help me learn even better? Hi Kayson, Thank you for sharing your experience. Thank you for sharing… Im new to trading and still learning. So, for new traders like me who have no idea of these topics, will discretionary trading and trend following system still give that edge? But i found more in the FX market. May our brains continue in a positive fashion…thanks again. What should I do? I read your book and I remember you stating about following mentor without a proven track record. Now I am currently 24 years of age.
This post help me understand my nega tive points. I have been through that road and understand price action is the only way to go. Almost impossible to manage emotion by not looking at the profit and losses every now and. Hello Marco, Well said. Requirements to trade local Chinese stocks can i buy a single share of stock very much grateful for the likes of you who is so generous with your knowledge in FX trading. Please what time of the day is best to scan through charts to pick up setups. I was at beginning successful buy and hold and selll at price target. Thank you for sharing your trading journey Rayner. I have not gone through a lot of your articles yet, pattern forex strategy trading fundamentals pdf you mentioned trading CFDs as. May your tribe increase. Price action and candlesticks are a powerful trading concept and even research has confirmed that some candlestick patterns have a high predictive value and can produce positive returns. I will continue to hang around, hoping for some crumbs of knowledge from your table. The 6, rules capture almost every chart pattern under the sun. Some of my favourite book on trend following are: Trend following — micheal covel The way of the turtle The complete guide on turtle trading Trading in the zone Come in to my trading room And a few. Trader should always be open minded, always doubting his decisions and seek weak points in arguments of others or his own mindand never form any opinions of complex subjects without gaining lots of knowledge or doing research. Just a question on your trend following method. I trade the 5 min chart eurusd never look for more that 26 pips stop I wealthfront open account discount charles schwab trading tools I had to let it go. You are a good teacher. My story is quite similar. Thanks to you i am a little bit closer. I lost all but now i have made a u-turn. This is awesome article. Moving from indicator to indicator, strategy to strategy, mainly becouse as long performance is green trader will stick to it, but as soon as few red prints are in between they will move to try another thing. Here are the current rules for trading Jan
Another question I have is how can i buy bitcoin without id microsoft cyber currency do you wait for your limit orders for entry? You can try asking people who have traded with them, or google it. This example above Thank you for sharing, Gabriel. To be honest my journey is hectic, am still new to the system but I have realised that the market is no joke. The human brain can recognise patterns faster than a computer 8 replies. Afternoon Rayner, This is Kgothatso all the way from South Africa i just read your journey as a trader very inspirational and it gives me hope to keep going, i have been introduced to you a month or so back by a fellow trader and am glad he did you are Real Rayner. About I found a binary training app and on the demo account i regularly made coin. Thanks much TEO. So is better to get it early and get out early. I believe those will help you immensely. Wats up my friend.
Deep inside i think i should work on things i can understand and let go of complex topics. My word of encouragement to the new traders…there will be a positive turning point. Glad to be of help, best! The despair, the thought of wasting countless of hours only to continue losing. Therefore, I'm curious how you set your SL and lot size. Take it one step at a time. May our brains continue in a positive fashion…thanks again. Gotta keep the flame burning before it extinguish itself. Just name it, I probably would have tried it. I thought this was the Holy Grail!
Take it slow, all the best! Everybody can hit a ball. I have not gone through a lot of your articles yet, but you mentioned trading CFDs as. Hi Alvin, Thank you, yes there is hope. The quote that hit home is trade like a sniper, not like a machine gun. Striving to get better each and every day. May be a year of great returns to you. See related links to what you are looking. I have read so many books as. I employ a combination of Buffetology and swing trading. Sharing your life events are indeed helping in creating a good forum along with trading education Rayner. Post 12 Quote Feb 12, pm Feb 12, pm. I have like 1 winner to 10 stop losses, that not Good. Its invaluable for all cent account in tickmill 1broker forex out. History and zerodha virtual trading app swing trade screener free time examples will prove case by case at massive scale that that is a very under-performing type of thinking if one jumps on forming quick opinions on poor research. My story is quite similar. I love the way you relay information in such a simple straightforward manner.
Sometimes I double or triple my account in no time and then lose it all. My timing always not perfect. You have shown how to read price action properly, which I've not seen elsewhere. Thus, I'm very interested to learn more from you. You are doing very well. Hey Rayner, Thanks for sharing this article. Best of luck! I always enter when market is just turning against my predicted direction and hit my stop loss then after it turns out my predictions was right,jst that I entered at the wrong time,can u please shape me up on that. Exits however on moving averages alone gives away a lot of profit. If i can do it, so can you! Thank you so much for giving this. May your tribe increase. That's all I have right now. Rayner, as you asked that if I need your help I would have to comment this post expecting to get your help. I have been doing a similar thing trading pin bars and engulfing bars from support and resistance on 4hr and daily charts but getting no results.
I fully relate to your experience and I have realised that, although there is so much on the web for new traders who are trying to find their niche and style of trading, there is also a huge problem with most of those sites. I started following you this year and so far i have learnt alot than i paid for from many mentors. Hi Gandi, Thank you for your kind words, am glad you enjoyed it! Does this look like a valid setup? Rayner, thank you for sharing. I have been paractising on demo for a year and after reading ur articles and some of the plans on my side i have came up with this strategy 1. Quoting COGSx Some of my favourite book on trend following are: Trend following — micheal covel The way of the turtle The complete guide on turtle trading Trading in the zone Come in to my trading room And a few others. One day I will spend some time and share them with you and your readers. I quite my job and trading full time but no success yet. It gave me hope that soon I can be a successful trader myself.
The learning curve is also very steep without a mentor, even the very first step of setting up a brokerage account is very much daunting, much less talk about trading. Do you only trade the 1 hr T? I update it every months. I lost all but now i have made a u-turn. I just wish someday,i would meet you in person. Thanks so much for sharing your trading experience with me it gives me hope that I will one day cross over from losing to winning. Can i seek your advice on the mt4 platform from IG? Thank lowest trading app dividend record date replying. My story is quite similar. I will devour them tonight. It would be nice to win big. Tracking developing price too closely will often lead to cascade event of bad decisions or poorer performance, as trader will get coste ninjatrader big time candle trading contact number excited once the price actually is at the "entry area", or the trader will get psychologically drained from tracking price too closely and executing the entry or exit bitcoin vwap how fibonacci retracement works, or most common result is that trader will get frustrated for spending so much time watching the chart that he forex trading risk level ways to call a covered patio fight the market to "pay up for it". I confess that i do face doubtful periods during my trading journey i started 3. Please follow up this comment and help me to become successful. Initially, my first impression of Trend Following was simply trading with the trend. I made back all my losses within a year, but am still working on myself and my behavior in order to keep it. I graduated with first-class honors but failed at trading. I Like. Quoting Go5. If you have already discussed this elsewhere please refer me to it. Also, rarely you find anybody posting trades at the time when they where taken with a reason. But that has made you a great trader. And i am always failed. I thought this was the Holy Grail! Now I am currently 24 years of age.
Sometimes I double or triple my account in no time and then lose it all. Joined Aug Status: Trading 2, Posts. What do I penny stocks gapping aftermarket leading provider of intraday stock and commodities real-time to include in my trading plan? Hi rayner I have been doing a similar thing trading pin bars and engulfing bars from support and resistance on 4hr and daily charts but getting no results. Wats up my friend. I can definitely rely to your story, i am going through the same struggles and you just gave me new hope. Then I tried to average loss. Guess I need some time now to cool down and spend more time with my family and close friends before I dare to step into the market again…. I first started out a us citizen can sign up for which crypto exchanges smartdec digitex the futures market and doing arbitrage across inter-related markets. Thanks Rayner. You give me hope!
I trade really small but sometimes I bail out of a trade too early. It took me about 4 years to be profitable. Everybody can hit a ball. Hey Rayner, Thanks for all your videos and transparency. I use indicators rsi, macd, ema. Can you suggest.. Because chances are it is a draw down in the grand scheme of things. Walter South Africa. After logging in you can close it and return to this page. Very finely explained Sir!! I certsnly want to learn more. Quoting Sis. Post 6 Quote Feb 12, pm Feb 12, pm.
That should almost always be a red flag, when complex subject and opinion is explained in such short manner its very likely a misleading info. Thank you for making your trading guide best stock android phones in india 2020 how to calculate dividend yield stock on line. I am about to begin my trading journey in a few days, honestly I am in the process of deciding on a strategy, but my problem is the more I think on strategy, I am into analysis paralysis mode, as every strategy has pro n cons, do you feel I should begin first, and then finalise a strategy…? Should i give up? As i read through your story. But I am just a little confused. Process repetition like trading markets and some other frequent reality check mechanisms will actually push trader naturally towards being more neutral realistic thinker rather than being on the sides of extremes. Hi Ken, Thanks for sharing. My story is same as you but for the last. Hey Chetan It means buy high sell higher and vice versa. However, if, instead of showing ONLY the good trades after the fact initial margin bitcoin futures i cant withdraw from bittrex the great number of pips locked in, traders posted the trade at the time it was taken, other novice traders would learn a lot, if nothing else, from all the comments from other traders agreeing or disagreeing with the position. But I was in this business to make money and not draw beautiful patterns.
Fewer people sharing this story. But i believe if you persevere enough, remain a discipline approach to trading, and find a successful trader to model, you can do it too! You can download it here for FREE. Unfortunately that is further from the truth. Now I decided to continue after read your cheerful article. For example a trader with 10 winning trades in row might get too confident and oversizing the position on 11th play, or trader who had many losing trades back to back could potentially give up or also size too large. Post 3 Quote Mar 15, am Mar 15, am. Enrolment is closed at the moment. I am taking your advice on cutting my losses short and letting my winners run. I feel more in control of things as I do short swing trades and most of the time I know that my stops will work overnight unlike in the stock market. Do you only trade the 1 hr T? Post 16 Quote Feb 13, pm Feb 13, pm. Regards yun. This post help me understand my nega tive points. I would highly encourage you to read through all my blog posts and watch about 15 videos back. I just wish someday,i would meet you in person. Thanks you for sharing your personal experience n imparting good knowledge in your trading to others … Cheers!! Nobody knows. Where at each stage the trader matures and develops better insight into their attitudes to trading. Hi nobuo, Thanks for sharing.
This will then cause that on next play trader will either rush into trade, or oversize becouse now he is angry at the market for missing him out on a trade. By having a diversified range of instruments, the composite result allows for this regular significant drawdown on a single instrument but across non-correlated instruments, the result is dramatically diluted provided the positive correlation is not excessive. My mindset was being program to train that way and was doom for failure! But I am just a little confused. Cheers, Ming Jong. Thank you for putting all. Hey Chetan It means buy high sell higher and vice versa. Very common behaviour of many traders who jump around strategies and throw out ideas on how to change a bit that strategy based on the last play that played. I trail my stops till the market takes me out of my position. You are correct that education is the way to wealth and if modelling someone like Rayner helps get there a bit faster then run with it. Post 19 Quote Feb 13, pm Feb 13, pm. Hi, For beginners who have totally 0 clue on even where to start learning trading, can you please suggest where we should begin with? But i believe in that bull call debit spread example hotcopper day trading he was talking referring shorter term trading, scalping to be exact. Thus, cutting losses short is mandatory to survive in this business. Great article. Hi Rayner, Thank you for your prompt reply. God bless you rayner. I have noticed the same thing on your facebook site where most people like to show off their successful trades best graphics stocks quandl intraday prices rarely give up any useful insight even when asked on why the trade was taken in the first place. Hi Jason, Yes you can start off with a low capital. Nice read Ray, i can relate to a lot of what python day trading bot brokerage account stocks or bonds have been .
I read your book and I remember you stating about following mentor without a proven track record. Your article really resonates with me. Hi Rayner, Just finished reading this article and I must say what you have shared is very very useful. Post 5 Quote Mar 15, pm Mar 15, pm. I am pretty much in the same boat you once traveled. Joined Oct Status: lonely 2, Posts. Thanks for your honest and motivational story. It might seem initially harmless decision, becouse trader has setup in sight and now that price move "confirms" the setup, but price has moved already quite far that trader doesnt want to miss out on that setup so he rushes to get filled at market order just to be in the play. And this is what I mean by you need money to make money. Can I really mention how many account I have blown? You can check this post here on how i tell when a trend may be ending. I confess that i do face doubtful periods during my trading journey i started 3. I am scared that I am failing. Since then my trading has taken a turn for the better! I think failure to failure without losing of enthusiasm is the key to successful forex trading. This is solely my opinion and I could very well be wrong. And whenever i do trade selectively trade does not go in my favour.
I stumbled across your blog and I wanna say thank you for your posts! This will exclude potential but in some cases it might also prevent loss, that can only be confirmed if that person actually has not been a subject ally invest short list computer hardware self sabotatge after participating in subject. Thanks for starting this thread! Ive been trading for two years by now and ever since I started trading I never made any profit I keep blowing my account. I stumbled with it this weekend and been testing it for a while and its seems to be like a decent strategy and work it with a Trailing Stoploss to. I just need help. The despair, the thought of wasting countless of hours only to continue losing. Take it slow, all the best! With this kind of your blog. I am mainly doing only FX as I would like to try this with smaller capital as equities would require higher capital. None of those persons actually did extensive research on technology nor the market behaviour for example optimist could have way too high estimates compared to potential market order flow expansion. Buy high and sell higher.
Hello Rayner, thank you so much for your videos and posts. They seems to work decently well. I was just starting to gravitate toward price action. I have a couple of questions. But was fortunate to eventually adopt in to a trend following approach. I study Price Action and I think it suits My personality and full time job. That will however depend on each person and how honest one is by admitting mistake or error on each trade, some guys can have strong egos preventing them from admitting mistake which means that such person will never have a chance of eliminating optimism or pessimism, but as long as one admits that reality developed different to ones initial thinking then one learns from mistakes. Hi Alvin, Thank you, yes there is hope. Pullback leg rotation, more examples. I think failure to failure without losing of enthusiasm is the key to successful forex trading. You are a good teacher. I have started trading about 14 months ago and while I am wedded to trend following as a concept, am still struggling to make money primarily on account of the below reasons: 1. Looking forward to how you apply flags to currency pairs. I like this article because it is written neutrally. Best of trading! I Like that. Take care and tks for the post. Your reason for wanting to give back and not charge people is admirable and sometimes rare in this day and age. But I still need a consistent trading strategy, because even with risk management and all, profits are still elusive.
Thank you so much for this article. Just browsed some pairs and thought I can try posting some charts to get some comments to know if I'm understanding things correctly. Very inspirational. The market will always be decisions made based on humans bidding even HFT algos are coded to make the decisions of a human mind , therefore it will always be like the random light switch controlled by the human, favoring certain sequences over others. Hey Rey, Thank you for sharing your experience. But you could give it a shot and let me know how it goes. Hey Atul Take it one step at a time. Your Articles very helpful for me. Hey Joses, You are most welcome! Ken — Australia. Walter South Africa. It will take me from zero to Hero. Hi Hugh, Thanks for reaching out. None of those persons actually did extensive research on technology nor the market behaviour for example optimist could have way too high estimates compared to potential market order flow expansion.