The house cannot guarantee it will win the next hand but it is certain that it will win over the long run. Expectancy = (Probability of Win * Average Win) (Probability of Loss * Average Loss) An example is the casino business where the house has a few percentage points advantage over the player, called an edge. To put it simply an edge is a positive expectancy whereby if you keep doing the same thing many times, you will come out ahead or in profits. If you do not have an edge you will lose in the long run even if you have the best trading psychology or money management.
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Ĥ Clickable Table of Contents What is an Edge? > 5 Managing Your Expectations > 6 Can Trading Replace My Day Job? > 7 Can I Build My Wealth Through Trading? > 8 What is Trend Following? > 9 What Isn t Trend following? > 10 The 5 Principles of Trend Following > 11 Buy High and Sell Low > 12 Zero Prediction > 14 Risk a Fraction of Your Equity > 16 No Profit Targets > 17 Trade All Markets > 20 What is a Trend Follower s Edge? > 24 Trend Following Strategy > 26 Ed Seykota: The Greatest Trend Follower > 29 How to Tell if a Course is Taught By Real Trader? > 31 Recommended Readings > 34 Final Words from Rayner > 36 ĥ What is an Edge? Before you even start trading you must have an edge in the markets. Even if you don t have any questions, I d love for you to come by and say hello! If you want to reach me in private, you can contact me here. You can best reach me on or on my Facebook Page. Here s to you and your continued success! Rayner Teo If at any point while going through this course you have any questions, please don t hesitate to contact me. I only hope this trading course can begin to repay you for all the time and attention you ve given me. To all my subscribers, followers and friends out there, old and new, thank you for the gift of support. If it can help just one person to get closer to being a consistently profitable trader, then the month I ve spent writing this trading course will have been totally worth it. Don t worry, I ve given you a trading strategy as well just to get you started. It will however let you understand what trend following is all about, the 5 core principles behind it and how you can use it to develop your own trading plan.
It is not a system and definitely not a get rich quick scheme. This course lays the foundation to trend following and is a guide to get you started to being a trend follower. Tradingwithrayner and this course are my way of giving back for all the fortunate things that have happened to me since I adopted a trend following approach, including recovering from a 50% draw down. Not only did trend following allow me to recover all my losses, it also made me a consistently profitable trader. I did this trading course because I feel that trend following is such a powerful approach to trading the markets, but it is not widely known. ģ You ve probably found your way to this course from my website, or maybe a friend passed it along to you. By reading this guide, you agree that myself and my company is not responsible for the success or failure of your business decisions relating to any information presented in this guide. Users of this course are advised to do their own due diligence when it comes to making business decisions and all information, products, and services that have been provided should be independently verified by your own qualified professionals. No part of this publication shall be reproduced, transmitted or sold in whole or in part, or any form, without the prior written consent of the author. Please understand that there are some links contained in this course that I may benefit from financially.
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You should always seek the advice of a professional before acting on something I have published or recommended. Any legal or financial advice I give is my opinion based on my own experience. The information contained in this guide is for informational purposes only. You are awesome and I ll see you on the battlefield. 2 Rayner s Trading Course Trend following all markets with unlimited upside and limited downside by Rayner Teo of This course is dedicated to all traders out there who believe in trend following.
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