056: The Steps To Become A Successful Trader - Rayner Teo
09/05/16 • 36 min
Full show notes: www.desiretotrade.com/rayner-teo/
In episode 56 of the Desire To Trade Podcast, I interview Rayner Teo, an independent Forex trader from Singapore and the founder of TradingwithRayner.
Rayner started trading at a young age, after he learned there was a trading competition in his university. He soon discovered that becoming a successful trader required a specific strategy. Even after trying several strategies and trading techniques, he couldn’t seem to figure out how to trade successfully. It took him some time, but eventually Rayner had his breakthrough moment. He realized that he had to stick to something (for at least 100 trades) if he wanted to progress.
During this interview, we discussed a few technical topics, but also how Rayner Teo makes his trading journal, and very importantly, the process traders have to go through to become successful while cutting down the cost of their education.
Rayner has a very strong understanding of technical trading. Nevertheless, he has made a huge effort to stay simplistic in his trading. That is where the real power lies
You're not being paid for the hours. You get paid to do the right thing.CLICK TO TWEET
Example Of Parabolic Trend: Topics Covered – Rayner Teo- Rayner’s learning process
- The breakthrough that helped Rayner become a successful trader
- How to classify trends
- The journaling and review process for traders
- Key principles of trade management
- Getting the required capital for trading
- And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Full show notes: www.desiretotrade.com/rayner-teo/
In episode 56 of the Desire To Trade Podcast, I interview Rayner Teo, an independent Forex trader from Singapore and the founder of TradingwithRayner.
Rayner started trading at a young age, after he learned there was a trading competition in his university. He soon discovered that becoming a successful trader required a specific strategy. Even after trying several strategies and trading techniques, he couldn’t seem to figure out how to trade successfully. It took him some time, but eventually Rayner had his breakthrough moment. He realized that he had to stick to something (for at least 100 trades) if he wanted to progress.
During this interview, we discussed a few technical topics, but also how Rayner Teo makes his trading journal, and very importantly, the process traders have to go through to become successful while cutting down the cost of their education.
Rayner has a very strong understanding of technical trading. Nevertheless, he has made a huge effort to stay simplistic in his trading. That is where the real power lies
You're not being paid for the hours. You get paid to do the right thing.CLICK TO TWEET
Example Of Parabolic Trend: Topics Covered – Rayner Teo- Rayner’s learning process
- The breakthrough that helped Rayner become a successful trader
- How to classify trends
- The journaling and review process for traders
- Key principles of trade management
- Getting the required capital for trading
- And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Previous Episode
055: Self-Improvement Is A Must For Trading Success - Marina Kuperman Villatoro
Marina Kuperman: Self-Improvement Is A Must For Trading Success
In episode 55 of the Desire To Trade Podcast, I interview Marina Kumperman Villatoro, a Futures trader and the woman behind The Trader Chick, a blog and academy through which she wishes to impact women to learn to trade and make it part of their lifestyle.
Question & Cheat Sheet - Marina Kuperman Villatoro
- How Marina got introduced to Futures trading
- Mixing trading and self-improvement
- The commitment you need to make to become a successful trader.
- How to overcome the 2 main barriers to day trading
- Lack of focus and lack of time.
- The importance of clearing your mind before you start to trade - and how to do it!
- Marina's techniques to analyze the market
- How to focus while trading
- Trading habits Marina has to trade successfully
- Starts by checking the news
- And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Next Episode
057: Transforming Traders Through Their Beliefs - Dr. Van Tharp
Van Tharp: Transforming Traders Through Their Beliefs
Show notes: www.desiretotrade.com/van-tharp/
In episode 57 of the Desire To Trade Podcast, I interview Dr. Van Tharp, a very well-known leader of the trading industry.
From the start, Dr. Van Tharp has, very similar to me, a desire to have an impact. That is something I admire a lot.
During the interview, Dr. Van Tharp asked me about my own beliefs and we went through the "belief examiner" process, which has been very interesting for me. This has been a key elements for traders' transformations.
Trading mistakes are an important part of this interview. Dr. Tharp says traders should aim for 100 trades with a 95% compliance to their rules.
Topics Covered - Dr. Van Tharp- How Van Tharp has transformed traders
- What is a successful trader
- How beliefs influence all traders
- You always trade your beliefs. The market is only a representation that we interpret based on what we think.
- No belief is 100% useful, they are only useful in a context.
- Keys to reach a higher level in trading
- The "belief examiner" process
- Position sizing strategies
- You should write down your rules and track when you don't respect them
- Looking at what your mistakes cost you.
- And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
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