My name is Rayner Teo and I save retail traders from self-destruction.
I’m an independent trader, an ex-prop trader, and founder of TradingwithRayner.
On this website, I share all my trading knowledge over 8 years of trading. I don’t hold anything back.
My goal is to help you succeed as a trader by providing useful trading information. If you’re a new or aspiring trader, then this website is for you.
I typically post two times a week. To make sure you don’t miss my newest posts, you can subscribe here (and get the Ultimate Guide to Trend Following, for free).
If you are new to my site, you might want to start with my most popular posts.
Here are my top ten:
I hated studying.
I almost got retained in secondary three because I failed 7 out of 9 subjects.
My parents had to beg my principal to let me proceed to secondary 4, which I’m glad he did.
The following year it was my O levels…
Miraculously I scored 20 points! This was big to me after having flung my exams a year ago.
This allowed me to study at Temasek Polytechnic with a course I didn’t enjoy. Info-Communications.
At 17 years old, I’m still playing computer games and did the bare minimum that’s required.
After 3 years…
I graduated with a diploma in info-communications, by doing nothing.
How I became a soldier
The time eventually came when I needed to serve my nation.
I was enlisted into 1st Commando Battalion, and it’s the best thing that happened to me when I was 19.
From being mediocre all my life, I was suddenly placed in an elite fighting unit.
I was in for a culture shock.
Birds of a feather flock together and it’s true while you’re in the army, in 1st Commando Battalion.
It changed my outlook on life and taught me to strive for nothing but the best.
One incident that I will never forget was my 72KM Road March.
We were expected to march for 72KM within a 24 hour period.
It’s easy at first. But slowly each step feels like walking with a 10KG dumbbell attach to your feet.
After the 30KM mark, every step forward is like stepping on shattered glass. Each step sent a sharp pain towards my nervous system.
Giving up wasn’t an option, and the only way forward is to make every step count.
I made it to the finishing point.
This was my defining moment.
Here’re some other crazy things I did:
- Jumped out of a plane
- Lived in a jungle for 8 days
- Held my sh*t for 5 days
In these 2 years, there were countless encounters where I felt like quitting.
But I held on…
Because of the people around me.
The same people whom I spent two years with.
The same people whom I would die for in a battle.
The same people whom I call brothers.
My lesson learned:
Your character will be shaped by the people around you.
There is no such thing as impossible, only not done yet.
During this period I started reading books on trading and investments which sparked my interest in the financial markets.
How to achieve a 1st Class Honors
After serving the army, I took up a degree in banking & finance with the University of London.
Since being a Commando taught me to strive for nothing but the best, I was determined to attain a 1st Class Honors no matter what it takes.
I attained the following results:
Maths 1 – 63
Stats 1 – 70
Intro to econs – 53
POA – 68
PBF – 56
Corporate Finance – 63
Macroeconomics – 62
Elements of social and applied psychology – 81
Management science methods – 74
Investment management – 80
Valuation securities & analysis – 88
Financial intermediation – 71
Intro to information systems – 53
Below is the day when my results came out:
You’re probably wondering:
How did I do it?
By asking myself these two questions:
1. What went wrong?
2. What can I improve on?
In year 1, my results did not meet my expectations. Instead of blaming the lecturers or the exams itself, I asked myself…
What went wrong?
This assumes 100% responsibility.
In year 2, my results did better and met my expectations. But I wasn’t satisfied. I asked myself…
What can I improve on?
This kept me on my toes because I don’t want to be complacent. I want to give my best and constantly improve myself.
In year 3, my results blew me away.
And it gets better…
I came in 2nd in my cohort and had the honor to give a valedictory speech.
Now you’re wondering:
How do you apply these 2 questions to yourself?
This is how…
The first question is useful when you encounter setbacks in life.
You need to assume 100% responsibility.
You need to understand what you did wrong.
You need feedback.
The second question is useful when you did well, and want to find ways to improve on it.
It could be a faster or productive way of doing something.
My lesson learned:
Always gather feedback and find ways to improve.
How I became a trader
After graduation, I only wanted a career in proprietary trading.
I’ve personally knocked the doors of 7 firms, went for more than dozen interviews, and sent countless resumes.
After 6 months…
I was hired as a proprietary trader.
During this period I was exposed to the different types of trading approach.
I was a scalper in the Japanese futures market, did relative value trading across correlated markets and applied trend following across all markets.
And the only trading approach that clicks for me was, trend following.
It was then I realized there are different ways to trade the markets, and there is no right or wrong.
Rather you have to find something that suits your personality and lifestyle.
Face it, you are not going to be a professional scalper if you are holding a day job.
Before I found my edge in the markets, I blew up half my trading capital by doing what was taught on books, courses and forums.
It’s only when I realized trading is about discipline, risk management, and consistency, did I became consistently profitable.
I believe anyone can do it if they have the right attitude, beliefs, and expectations towards trading.
I’ve left the proprietary trading industry and currently trade for myself. I spend a good time interacting with other traders on my discussion group here.
I’m married to my wife, Jamie, and we have a baby daughter, Jae.
Don’t hesitate to reach out if you have any questions about trading, I’ll be glad to help 🙂
To your trading success!