In today's video, you'll discover if gut feelings should play a part in your trading.
So go watch it right now...
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#1: The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
#2: The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
Check out these TOP trading videos
#1. Ultimate Forex Trading Course for Beginners: https://www.youtube.com/watch?v=RqwTcg0EuJU
#2. Support and Resistance Secrets: https://www.youtube.com/watch?v=PuboYnBc0t8
#3. Ultimate Candlestick Pattern Trading Course: https://www.youtube.com/watch?v=C3KRwfj9F8Q
#4: Price Action Trading Secrets: https://www.youtube.com/watch?v=eddj9v1CfA4&t=2s
#5: MACD Indicator Secrets: https://www.youtube.com/watch?v=eob4wv2v--k
And finally...
If you want to level-up your trading and beat the markets, then check out Pro Traders Edge: https://www.tradingwithrayner.com/pte/
So go watch it right now...
👇 SUBSCRIBE TO RAYNER'S YOUTUBE CHANNEL NOW 👇 https://www.youtube.com/subscription_center?add_user=tradingwithrayner
Check out my FREE trading strategy guides
#1: The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
#2: The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
Check out these TOP trading videos
#1. Ultimate Forex Trading Course for Beginners: https://www.youtube.com/watch?v=RqwTcg0EuJU
#2. Support and Resistance Secrets: https://www.youtube.com/watch?v=PuboYnBc0t8
#3. Ultimate Candlestick Pattern Trading Course: https://www.youtube.com/watch?v=C3KRwfj9F8Q
#4: Price Action Trading Secrets: https://www.youtube.com/watch?v=eddj9v1CfA4&t=2s
#5: MACD Indicator Secrets: https://www.youtube.com/watch?v=eob4wv2v--k
And finally...
If you want to level-up your trading and beat the markets, then check out Pro Traders Edge: https://www.tradingwithrayner.com/pte/
Hey hey, what's up my friend, so welcome back to today's episode, where I'll be discussing right, should you follow your gut feeling in trading okay? So let me explain what I mean by this right. So there are numerous scenarios to this first scenario. For example, right you see the market breaks out. Oh the price is so bullish, don't look at a huge momentum, look at the range of the candle and so huge you're right.
The price is going to the moon right. Let me buy right now and then you look at your trading plan. Uh. Well, the trading plan didn't say, buy right now, because it's not according to the rules but but come on man look at the chance man, it's so bullish right and that's what your gut feeling tells you to buy right, even though the trading plan says a well.
Not quite so, that's the first scenario or another scenario could be. You know you enter a trade right. You you bind a breakout price goes in your favor, then it starts to stall the price. You know someone stalls down there.
I just do this. Some mysterious mysterious force right trying to push the price down. Then a price slowly reverse and starts moving against you now, at this point on, is coming close to your entry price, and you have seen right that you're, open profits have a price. So you have this gut feeling, man, as you just quickly exit this trade.
A break-even right. Just you know, don't take that. Don't don't see this winning trick become a loser. Just you know, exit the trade, a break-even and you know call it a trade right so to protect your downside right and let's a gut feeling telling you right now, there's no reason to let the trade hit your stop-loss and you know you want to exit the Trade early ahead of time, even though your trading plan, you know didn't, say it's time to exit, that's another common scenario.
So another question is right: after you know, describing those two couple of scenarios, the question is: should you follow your gut feeling and my answer to you is no right. You shouldn't follow your gut feeling and there are a few reasons for this right. Here's the thing right: 95 % of traders out there are losers and trust me when you have those kind of gut feelings. Examples that I just share with you guess what those are the same feelings: that 95 % of traders feel as well exact, same feelings and 95 % of traders are losers.
So if you want to follow your gut feeling right, there's a good chance that you're gon na end up like one of those traders, follows their gut feeling and lose money consistently. Okay, and the second reason for me saying no you'd want to follow your gut feeling. Is because when you follow your gut feeling, you are making your actions inconsistent and when you get an inconsistent set of actions, guess what they will lead to an inconsistent set of results. So if you can follow your gut feeling, if you're going to you, know, break your rules, not follow your trading plan and, what's the point of you know, trying to be discipline? What's the point of developing your trading plan? What's the point of you know, setting rules for yourself when you're gon na break it doesn't make sense. So my honest and straightforward answer now to you is that no gut feeling shouldn't play a part in your trading, even though you're a discretionary trader. Now it is fine. At this point, I some of you might might think that you are the exception or you have that special gut feeling that you know somehow always seems to be more right than wrong and hey. You know, if that's the case, then here's a very simple thing that you can do it to validate whether your gut feeling actually makes you more money in the long run or not.
Here's what I want you to do right. I assume we have a trading journal. Okay, if a trading journal, then here's what I want you to do, every time you put on a trade and if it's a trade right there, you do not follow the rules. You follow your gut feeling right, put it down right.
So beside a tree, you can see something like no follow gut. Feeling. Okay, then write down the results of that tree. When you follow your gut feeling, is it a winner? Is it a loser right? What's the profit on the trade, what is the risk to reward on the trade? Do you like you know, make a tree our trade or two or whatever just write it down? Boy was if it's a loser, write it down as well, then, on the other column right, I want you to write on the results right of the trade.
Can you follow your trading plan? What is the outcome would have been? Would it have been a winner or a loser? This way, when you, you know, tell me the trades right after looking through a sample size of traits, those traits where you follow your gut feeling and those traits where you follow your trading plan, which one is more profitable. Now you have the data to back it up, and you will know right objectively right whether your gut feeling actually makes you more money or not, and my intuition is telling me that you know I think it's better to follow your trading plan, but again right. Some of you might think that your gut feeling is accepted. Then just do this simple exercise, so it's just an additional column right.
You know for the gut feeling column right, you know what is the end result? Can you follow your gut feeling and the other column is the end result? How do you follow your trading plan simple, as it is right once you have a sample size of traits, compare it, and you will know the answer and objective answer. Okay, so with that set up, a quick recap right, my take is that you shouldn't allow a gut feeling to play a part in your trading, but if you want to to implement it right, then let the numbers speak for itself, so with that's it. I wish you good luck and good trading I'll talk to you soon. You.
Ahh the age old question!!! there are times when your gut leads you to make a huge score and others where you make a big loss or miss a big opportunity etc.
Newer traders especially should stay away from their guts. Or at least be honest about it. When you're using your gut its gambling, not trading. And that's fine!
Ever played baccarat Rayner? I saw a player start with 30,000 go down to 1000 and walk away with 32000. Your gut can destroy you or make you. The only thing is… it's 100% unpredictable.
Once you follow gut feelings somehow you'll continue have a "gut calls" which will leads to inconsistent results with huge gains/losses occasionally and leads to emotion involved in trading. Well gut feelings in a way is also a emotional trade as well.
Mr. Rayner you are theBest! Explaining your thoughts well of how some of us trade. I've found my problem, Having no game plan! the more I listen to you the more I understand. I have never attended Stock Trading Classes or attending school in this type of financial business. It's a tough lesson learned for some of us time and time again trying to ride a wave. Thank you so much
ps the 1st video I came upon of yours was the explanation of The Ultimate Candlestick , you explained it well, easy to understand. There's a lot to Learn from you!
Got it. Gut it then Regret it!
Hey! Awesome video! Will all these strategies you teach work with crypto?
Please i need help calculating position size for usa100, Usoil…I'll appreciate any help fellow traders
✌️😜 Just found him and this guy is legit for real
does anybody know how to change in TradeView the side price chart from eg: 0.920000 to how rayner has it in his videos eg:92.00 it would help alot
Thanks for cautioning on gut feelings .
Hey Hey What's up my friends .!!!
I've suffered a lot from the gut feeling. Thanks for the enlightenment
I treat my gut feeling like a Robinhood trader. I slap him over the back side of the head and tell him to go into the corner.
It hits me, the first time i follow the crowed i got trapped, second time i follow my gut feeling i got lose 20% of my funds. Now i slowly realize the importance of trading plan and sticking to it 100%. Thank you for guiding us Mr. R. ur an angel here on earth! 😊
Could you make a video on how to create a disciplined and good trading plan?
Yeah, my gut feeling has lost many profits and gave away many gains just to watch my plan play out. Live, trade and learn!
that is true , if the trade goes against your analisys , best to pullout not hoping for a turn back, @Rayner TEo that boom index in the channel worked like a charm btw. thanks 🔥
Lol this video came after a bad week of following gut feelings 😂
I accept I am a gut feeling trader and that was my lesson learned the hard way this week… I don't see myself repeating this… Thanks for coming through on time Rey
This is A good video at the right time
Lol gut feeling is not what you should be doing Cos if you go with a gut feel and find out that you lost a lot of money which is what I did today. I lost £800 and now left with £75 left 😂😂
Didnt you upload this few days ago?
Bro your videos are i osm there my life I motived there is no word to say u thanks
You're, right sir! 😊
Follow gut feeling with stoploss
“The gut feeling column” 😆
That gut feeling is you about to shit your pants if you make that trade! You can learn your technicals and make an algorithm or keep a roll of TP close by when you trade..your choice
I strongly disagree. If you are a beginner then yes, don’t trade with gut feelings. But if you are an experienced trader, I don’t recommend ignoring your intuition.
Hey hey maaa frienddd!!!!!
Unless your gut feelings/instincts are both backed by subjectivity and objectivity in structure, it can lead you down a cliff due to the default behaviour of impulsivity and short term attainment. And in the financial market environment, it's conditions aren't compatible with the latter behaviours because of both it's static and dynamic nature at given contextual intervals. Impulsivity may net you victories in one of the ten or more possible scenarios as per the market movements… but that alone isn't enough – it's too little in success probability across time. Then if you factor in with no plan or records of these behaviours, long term sustainable victories in probability are even more unlikely.
Thank you Rayner! Very helpful tips. Much love.
Whenever i trade with a gut feeling.. i always lose money now i don't have any guts to invest money in share market
Thanks for the awesome tips as always.. Rayner i always have questions..when have you started your trading career( year). Before quant HFT or after quant HFT.
Have you seen difference between prop trad firm floor trading VS @ home trading.?
fist view a big fan please give a shoutout