Alternative CV
Dr Paul Tern works as a doctor by day, but in his spare time he finds and interviews people who have chosen to pursue more unconventional careers, hobbies or side projects. Focusing on the Asian context where traditional professional careers still rule, he explores the stories of individuals who have bucked the trend and built an alternative CV. Join him for some far-reaching conversations as he listens to their journeys, explores varied and interesting fields, and ultimately unearths advice and wisdom that we can all learn from. Come and be inspired - new episodes every Thursday.
Alternative CV
ACV19: Should you be a full time independent trader? (Rayner Teo, full-time trader/youtuber, Part 1)
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Dr Paul Tern, Rayner Teo
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Episode 19
Rayner Teo left his job to strike out on his own as an independent trader. In this podcast, he talks about his journey, and along the way he debunks common myths about trading your own money full time as a source of income.
Rayner Teo is the founder of TradingwithRayner.com, an independent trader, and the most-followed trader in Singapore. With a background in proprietary trading, Rayner shares his knowledge of trading through Youtube videos, podcast episodes and mentoring sessions. His Youtube channel has over 250,000 subscribers, and his blogs on trading attract 100,000 readers a month.
3 Things I Learned:
- Trading isn’t for everyone. Rayner says there are better ways to generate income than trading, and to reap substantial rewards, you need to first start with a decent amount of capital. So the myth that trading gets you out of the ‘rat race’ is untrue - it is a fulltime endeavour like any 9-5.
- Tailor your learning to your end goal - learning to trade doesn’t exist in a vacuum. Trading to generate income versus trading to grow overall wealth requires developing different trading strategies. So before you can learn to trade, you need to establish what you want to achieve by trading.
- Learn from others’ practice, not just theory - Rayner developed his trading strategies by a mix of seeing what worked for others, consulting resources and identifying patterns of knowledge.