Stuck at home in lockdown, day trading has become a popular activity for millions hoping to strike it rich. When the market is booming, trading can be lucrative but sadly only 10% of day traders make money. Among the roster of elite traders is Rayner Teo, a technically gifted trader who can make steady profits in the stock market. But, what makes him unique?
Who is Rayner Teo?
Born in Singapore in 1988, Rayner Teo is an independent day trader with a net worth of $800,000. He own’s TradingWithRayner.com, an educational website teaching others how to replicate his success
. Immediately when you land on his website, you’re greeted with a big smiling image of Rayner and an array of free PDFs – offered in exchange for your email. The site is a professional marketing strategy and I’m sure his education business is booming!
He’s also active on YouTube and his channel has roughly 1.15 million followers! Overall as a trading educator the content is perfect for beginners and is one of most genuine trading related YouTubers on the platform – probably the main reason behind his huge following.
Early life and background
Rayner Teo first became interested in trading while serving in the army, a mandatory requirement for Singaporeans. Around this time the 2008-2009 financial crisis happened and the stock market was the talk of the town. After his stint in the military, he studied at University of London and graduated with a degree in banking and finance.
While at university a Forex broker gave a talk and setup a trading competition for students. Rayner participated in the competition but like the majority of newbies he blew up the account within two days. He considered the failure a stepping stone and decided to take trading more seriously.
After graduating, he joined a prop firm as a futures trader. While working at the firm, he learned the fundamental skills required to become a professional trader. He claims you need two things for success – you need an edge in the market and understand risk management. After two years, the long hours took their toll. He decided to leave the firm and trade with his own capital.
Like most traders starting off, it’s a long journey and the Lamborghini’s don’t show up for a while. It took Rayner four years to become profitable and find reliable strategies to make profits in any market condition. Four years is a long time and the majority of people would have quit after a year of failure. Once everything clicked, it didn’t take long until he recovered his losses.
Teo specializes in breakout trading, a common strategy used by trend traders but it requires discipline and the ability to cut losses short. Trading breakouts involves identifying key areas of support/resistance and knowledge of candlestick patterns. In particular, he likes trading 200-day breakouts of stocks in hot sectors. The strategy broken down is very simple.
- Once he spots a breakout, he enters the trade quickly and places a stop loss to protect the downside risk.
- If the market moves in the right direction, he will let the stock run its course with a trailing stop loss.
- If the breakout fades and the market turns against him, he’ll exit the trade.
Another technique used by Rayner is understanding and riding the volatility of the market. Using a technique called “price action,” he identifies the minor and significant fluctuations in the market. Volatility is a traders friend, without movements day traders have no opportunity to make regular profits.
Knowledge of topics such as trends, volatility, moving averages, and price action is essential to Rayner Teo’s trading style. Achieving similar results to Rayner Teo is unlikely but there’s no reason why you can’t make trading a full-time venture. To learn more about his strategies you can visit his YouTube channel and website, which can help you improve your chances of success.
Is Rayner Teo a Scam?
I personally don’t believe TradingwithRayner is a scam as he does provide a solid trading education for beginners. The content he teaches is similar to other trading guru’s and he doesn’t have unique strategies. To my knowledge Teo doesn’t publicly share his trading record, so it’s difficult to know if he makes money trading. My guess is the majority of his wealth comes from selling courses and YouTube ad revenue. Basically he’s the male version of Humbled Trader.
James Kelly is my name and penny stocks are my game! Former day trader turned long-term investor with a decade of experience in the market. Over the years, I’ve joined dozens of trading services and I aim to provide honest reviews to help traders make better decisions!