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In today’s episode, we’ll discuss about live trading and my thoughts on it.
So listen to it right now…
The Truth About Trading Daily Timeframe Nobody Tells You
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Hey, hey, what’s up my friend?
In today’s episode, I want to discuss live trading.
I often have questions like:
“Rayner, why don’t you do any live trading for us man. Let us see how good you are. Rayner, come on put on some live trades.”
Before we get to that, let’s talk about live trading, what it is and how it works.
What is live trading
Live trading is when someone records their screens and trading platforms and then they click buy or exit the trades.
They’re pretty much just trading live in front of an audience or they’re trading live and recording their screen while doing so. The benefits of this type of live trading, if you ask me, it’s more of understanding the person’s thought process.
Like when he’s about to buy, he’ll share why he is looking to buy now. Maybe there are certain factors or things that he’s looking at that leads him to buy.
Once he buys, maybe he’s looking to manage the trade, and he’ll share his thought process on how’s he looking to exit his winners, and if the market goes against him then where he will cut loss and stuff like that.
The benefit of live trading is about understanding someone’s thought process. This brings me to it to the question, why don’t I do any live trading?
My trading style
The reason is actually very simple. My trading style is off the higher timeframe. If you look at the stuff that I share on YouTube, it’s mainly off the higher timeframe, like 4-Hour, Daily or Weekly timeframe.
So yes, I can do live trading. I can put on a trade, record the screen, but you have to understand that those recordings could possibly last for weeks or even months. Let me ask you, will you watch a video that’s one-week-long? Probably not. It doesn’t make sense.
That’s why given my circumstance, doing live trading just doesn’t quite make sense because my trades doesn’t just end in a few minutes or in a few hours. It lasts usually weeks or even months.
That’s the big reason why you don’t see any live trading from me because I’m not a short -term trader. If you’re a short-term trader or if you’re a day trader, trading off the 1-Minute, 3-Minutes timeframe, maybe you can share your live trading with your audience.
Recording the before and after of a trade
But given my circumstance, given my own trading approach, live trading isn’t something that will work. Now, some of you might say:
“Hey Rayner, what about recording those trades before and after? Like for example, before you put on a trade, you can do a recording to share your thought process, and after the trade is over, you can share the results of those trades.”
There are some educators out there who do this, they record the before and after. And here’s the thing with this…
If I were to record any before and after trades, let’s say I do 10 before-trades that I record, when I do the after-trade recording, I need to do 10 as well. It’s not fair if I record 10 before-trades and out of the 10, only 3 are winners and I only follow up with the 3 winners.
That’s kind of like a little gimmicky if you ask me. It’s not right to just share the winners and just hide those losses. This is why I don’t go with the before and after recording as well.
Because if I were to follow that approach, I record 10 before-trade videos, I need to follow up with 10 after-trade videos. I can’t just cherry-pick the winners and then forget the rest. That’s not how I roll.
That’s why I don’t do any before and after trade records as well, even though I know that there are other people who do it.
So what’s in it for you
Since I don’t do any live trading and I don’t have any before and after-trade recordings, how can you benefit as a viewer of my trading content?
That’s why I have something called the “market analysis” which I publish every month. Just go down to my YouTube channel, the playlists there is called “market analysis” (something like that).
I share my thought processes to what I’m looking for. All the trades are before the trades have happened, before the results have happened. Everything’s live, where I’m sharing at the right-most-edge of the chart.
I have no idea whether those are going to be winners, I have no idea which are going to be losers. I just post it, I share my thought process and whatever happens, happens.
Hopefully, those set of videos will help to get you thinking and understand how I analyse the market. That’s as close as you can get. And I publish it once every month. Go down to my YouTube channel, check it if you haven’t had a chance to.
And for those of you who are looking for live trading, I don’t offer it. But hopefully, that playlist of videos published every month will help you.
With that said, I’ve come towards the end of today’s episode and I’ll talk to you soon.