6 Things I Stopped Doing To Become A Profitable Trader

Рет қаралды 373,038

Күн бұрын

These are the 6 things I stopped doing that allowed me to become a profitable trader.
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Follow my socials:
Instagram - / umarashraf
Twitter - / umarashraf
0:00 Intro
0:29 Trade without Profit Fixation
1:47 Avoid Strategy Hopping
2:50 Avoid Chasing Tops & Bottoms
4:11 Big Home Run Trades & Yolo Trades
5:59 Don't Set Strict Profit Goals
7:16 Avoid Blindly Following People's Alerts
9:17 Outro
#daytrading #daytrader #trading

Пікірлер: 681

@UmarAshraf28 8 ай бұрын

Give this a thumbs up if you found value :) Also let me know what new topics to cover. Next videos coming out will be on, Supply & Demand, Order Flow, my setups and so on.

@harshrajput3241 8 ай бұрын

Sir please make video on --> Future of trading industry and how it transforming.

@ashispanda4928 8 ай бұрын

many many thanks brother👌👌👌👌👌👌

@mayurk2160 8 ай бұрын

prop firms vs private funds

@SanthuSanthu-yh2nz 8 ай бұрын

Ur setup we need sir

@donmakavelli741 8 ай бұрын

Share us your edge

@JamesSanders00 8 ай бұрын

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

@SantoshYadav-qw3lc 5 ай бұрын

❤

@nicolasbenson009 2 күн бұрын

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

@berniceburgos- 2 күн бұрын

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.

@tatianastarcic 2 күн бұрын

I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.

@Michaelparker12 2 күн бұрын

Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.

@tatianastarcic 2 күн бұрын

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@BridgetMiller- 2 күн бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing...

@totallysick88able 8 ай бұрын

This guy is the real deal. Iv been educated and successfully trading full time for a while now and I can confirm he speaks facts. For any new traders looking to learn, this is a safe channel to follow 👍

@Oren0614 7 ай бұрын

nothing against education part but does he call out his trades entry and exit?

@totallysick88able 7 ай бұрын

@@Oren0614 idk but it’s better to take your own trades than follow someone. Usually the followers are too late by the time they hear about it and end up taking a late entry.

@cr7cubanocr7 3 ай бұрын

@@Oren0614You want him to share his strategy? It's not even about that after some point. The strategy(ies) matter but It's more mental than anything else.

@PaperBagGambles Ай бұрын

@totallysick88able do you have any wisdom to share yourself? I'm just getting into trading and would love to have a role model to learn from. :)

@ryangovender6277 3 күн бұрын

This is one of the best day trading channels on KZfaq. No BS, just the facts

@adamhoang7251 8 ай бұрын

I used to buy the Alert Services from different companies so that I can learn thier Trade ,thier strategies, thier enter, thier exit, thier cut loss and , after 3 years I m now cofident to trade by myself with alittle bit profit but i am keep improving every week.

@danharvey61 6 ай бұрын

Great advice. Hard for newbys to appreciate the wisdom in what you said. Good job!

@casalnovelasbr9202 5 ай бұрын

Honestly, these videos are so important, it just helps to focus on whats important

@DanBaranes-ot6xb 8 ай бұрын

i think the most important topic is: when and why you personally open and close a position, citing a specific example of a trade of yours, and even better a complete course

@josh.chitrathomas 4 ай бұрын

Hi Umar, thank you so much for this video. I got a lot of things to work on now but thank you for bringing these things to light 🙏

@cos4779 6 ай бұрын

Just stumbled over your channel, this is such great authentic content.

@dpxx 8 ай бұрын

High quality video, the editing and advice is off the charts!

@RameshKumar-lp6op 8 ай бұрын

Absolutely Brilliant analysis

@TherapyWithRicardo 6 ай бұрын

Love the message. Thanks!

@bharatdawadi7880 8 ай бұрын

I follow all yours except mony flow concept. But still i am making hansome money monthly basis.. Thx mate. You are one of the real trader. Tnx watching you from germany. 👍👍👍👍

@dylancloete3080 12 күн бұрын

Absolutely amazing advice

@migrivera9165 2 ай бұрын

thank you my friend for this great advice,GOD BLESS YOU...hopefully next topic is about PRICE AND VOLUME anomaly ty

@vasilpetkov194 3 ай бұрын

Best mentor i 've ever watched. Thanks man you are helping a lot!!

@nicktruong4673 6 ай бұрын

Umar!! You straight forward honest!!! Good mentor

@AD1of1__ 6 ай бұрын

GEMS!! implementing these to start the new week. 📈📈

@harishjangid3528 8 ай бұрын

Thank you for your support and all the best for your future

@Drumstep69 7 ай бұрын

Thank you, it is making so much sense. I am grateful to be a trader.

@Melody_k475 25 күн бұрын

1. Calculating profits bfo the trade is closed…. Cutting the risk out n looking to profits recklessly 2. Strategy hoping, from one to the other, instead of analyzing their mistake n correcting it 3. Trying to catch tops and bottoms religiously 4. Setting profit goals (difficult in trading, opportunities are not consistent, take what the market gives you) 5. Following peoples signals instead of learning to trade for yourself

@wizzyiuu 8 ай бұрын

I just saw your channel. You are doing so much to form our mindset as beginners. Thank You soo much

@JeroenDijks 6 ай бұрын

Thanks man! Really great content..

@Informed786 7 ай бұрын

amazing bro your videos are a great help I'm from uk and been on this journey for 3 years and Alhamdulillah I'm starting to dip my toe in the markets now. your awesome keep up the good work

@mentarisaputra5049 12 күн бұрын

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..

@leonardorossi9097 12 күн бұрын

That's awesome

@leonardorossi9097 12 күн бұрын

Which source/platform did you use to earn such huge sum of money?

@leonardorossi9097 12 күн бұрын

As I know it's possible, I'd appreciate it if you showed me how to do it.

@mentarisaputra5049 12 күн бұрын

It was with the help of Cassandra Roberts i am who i am today

@mentarisaputra5049 12 күн бұрын

I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts

@phannakonephanyoulath8445 5 ай бұрын

thank you so much for your suggestions 6 thing to stopped doing to become A profitable trader 🥰

@ThePersianOne 8 ай бұрын

Quality of the video is crazy good, love the insight and value as usual. Thank you brotha.

@theofficialkishor Ай бұрын

Thank you Umar sir.

@joekline9868 6 ай бұрын

Great video man, thanks for making this.

@shperzariche7381 6 ай бұрын

Excellent video. This is what I needed brother Barak Allah o fik

@ringo8567 5 ай бұрын

The background music you have is what I always listen before taking a single trade ;)

@Houstonvette 16 күн бұрын

THANK YOU 🙏🏼

@angelukpongprogramanalyst.8942 2 күн бұрын

God bless you for all your advice.

@Krazy_Piece 6 ай бұрын

Thank you sir you changed my point of view on trading

@dice8907 6 ай бұрын

Great video best one so far, I also enjoy your shorts on risk management and things to be aware of as a trader. I appreciate the effort you put into your channel. It seems like you have a lot of experience would you consider doing a video or short on how you separate your life from trading?? I find myself studying a lot and don’t know when to turn it off .

@MattDouglas-sp6oq 7 ай бұрын

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

@johnsaunders4577 6 ай бұрын

Good stuff brother

@WoeDee216 3 ай бұрын

Excellent video!

@sbonelogumede9589 Ай бұрын

Informative video!💯

@effectible 8 ай бұрын

Thank you Umar

@cryptolinktv 8 ай бұрын

What a golden advice and it's genuine! Thanks bro!

@underdog_factor 7 ай бұрын

This helped a lot. Thanks.

@Pepstermine1 4 ай бұрын

Bro… you are life changing ❤️

@marharytabahovich1185 7 ай бұрын

priceless content, all my doubts and thoughts were confirmed. Tnx! What do you think about people predicting markets and then changing their narrative, talking about experienced traders in telegrams and discord

@techkarma2583 8 ай бұрын

Always imparting us with an ocean of knowledge. Thank you!

@tobykelley4888 4 ай бұрын

Great information, thank you

@PhilSommer2 6 ай бұрын

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

@JanetMorgan3 6 ай бұрын

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@AvaAdams-ly7vu 6 ай бұрын

I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser

@JanetMorgan3 6 ай бұрын

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

@AvaAdams-ly7vu 6 ай бұрын

wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio

@JanetMorgan3 6 ай бұрын

The adviser I'm in touch with is 'Jude Ryan Mcdonough' He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.

@santanusaha282 Ай бұрын

Thank you sir🎉🎉

@sammadda 8 ай бұрын

Thanks!

@TestimonyElvis 8 ай бұрын

Thanks alot for the info 📝

@fullermachava9255 7 ай бұрын

Thank you Umar for these advises that you have been me. coz of you I'm becoming a profitable trader

@Ar78600 8 ай бұрын

The robin hood of trading💎💎💎 Institutional level trader helping the small guy❤️❤️❤️

@vannara11 8 ай бұрын

This is a Real Trader sharing experience !!! 1 in 100 hundred to Find youtube channel like this !!!!! APPRECIATE ASHRAF

@robinzuhlke4123 Ай бұрын

That‘s Great. Thank you. 🎉

@kaboragratmaycar-shop4122 4 ай бұрын

Brilliant!

@Lil_Varun1 28 күн бұрын

Always at post thanks Daddy ❤

@nheirego5639 8 ай бұрын

Thank you, Umar for sharing this video. I will surely apply this next week on my trading plan. God speed!

@dilkash2709 8 ай бұрын

Totally agree with 2nd point. Earlier my strategy was not working so instead of finding the fault in my trading and analysing myself… i shifted to another strategy and that was a big mistake… after analysing my own previous strategy i am able to make good trade…

@shashichahar557 8 ай бұрын

Hello sir, it is awesome. Thank you for such informational videos. Sir I have some questions would you please clarify? I have great interest in it but these things are stoping me. how much amount is sufficient to start trading as a beginner because good stocks are expensive and with fewer stocks we can't earn a decent profit - with decent knowledge, what is the monthly earning of a trader ( not talking about export ) - I heard big traders manipulate the market, if it is true then we can't make a decent profit ever, even after taking the correct trade, is it true? - why do 99% of traders fail despite having the correct knowledge, there must be some big reason behind failures. I have seen some exports lose heavy amounts and they stop trading, any big reason? - what is the everyday life of a trader, asking about learning and study ( as a professional trader how is your everyday story ) - which type of trading you are doing ( I am confused about what to take ) Please tell 🙏🙏🙏🙏🙏

@renegabriel8852 8 ай бұрын

appreciate this video!

@izuddin1978 8 ай бұрын

Thanks for sharing

@eno-abasichristopher-wn5pq Ай бұрын

Waqar Asim mentioned you in his videos and i had to look for your channel. Well i will confess, you're a gem

@simonahmed1854 6 ай бұрын

If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...

@Mohammedyusuf668 6 ай бұрын

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional

@thewisdomofezekielmathabe8912 Ай бұрын

Yea we here dude

@wakalmercedesreyes1865 7 ай бұрын

you the man brother thank for all the information and help to trading community, god bless you

@natashamugwambi4995 2 ай бұрын

Thank you!

@ReasYTchannel 8 ай бұрын

Valuable lessons. Thanks Umar.

@robelmolla9047 8 ай бұрын

Really helpful video!

@j.n-turner 8 ай бұрын

beautiful, thank you.

@carmennavar6961 8 ай бұрын

Excellent videos yes lots of common sense money making value thanks

@murckindor 23 күн бұрын

Which step by step practical book will you recommend for fresh starters (options trading and forex/stocks trading)

@angelukpongprogramanalyst.8942 2 күн бұрын

You are a great mentor, your advice is now working for me on crypto.

@SKH_SL 3 ай бұрын

Thank you!😇

@MuhammadKhalid-jv4qr 6 ай бұрын

Sorry for the off-topic question. But you are the best person to reply. please reply. Spreads become unpredictably wide every day somewhere after the close of the US market. (When the market is very quiet.) Also, this happens On Friday closing and weekends. This widening of spread can destroy many potentially successful strategies. I have experienced this. The apparent solution is a zero-spread broker. (they only charge commission) There are many zero-spread brokers out there. Alex or Any experienced person can share experience who has tried a zero spread broker? Do they actually stay zero-spread at those market times? Thanks in advance

@yungklutch7 8 ай бұрын

thank you for all these amazing contents

@danielearljohnnaorbe6841 2 ай бұрын

Thank you

@user-bu4bj2gm9g 3 ай бұрын

subscriber from Cameroon... thanks brother

@syaluuuuu2 7 ай бұрын

Thank you for sharing the information. not bad for me who is a beginner and learning in the nfc community

@WaqarAsim. 8 ай бұрын

Production quality just went up a notch. As if it wasn’t high enough already🔥 amazing video once again bro

@halifaibrahimadam 4 ай бұрын

Thank you, Umar. Your teaching is simple and comprehensible. You have really helped me by making me change how I trade. I am now profitable and have successfully grown my account. I now passed my challenge acc

@ArunKumar-dd7ey 8 ай бұрын

Your correct I did the all the mistakes and now I am profitable 🎉

@Benjaminmcauley376 5 ай бұрын

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.

@Austin195 5 ай бұрын

I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.

@dr.mohammed.erdogan 5 ай бұрын

Mrs Flores changed my life because of the high profits I got from investing with her.

@travisobrien09 5 ай бұрын

You invest with Mrs Flores too? Wow that woman has been a blessing to me and my family.

@KingBaldwin715 5 ай бұрын

I'm new at this, please how can I reach her?

@Benjaminmcauley376 5 ай бұрын

she often interacts on Telegrams, using the user below.

@cyrusmwangi2012 6 ай бұрын

Hi Umar i've been watching your videos and am glad you're really being honest

@Z-Planet 4 ай бұрын

Very valuable video 👍🏻😊

@ai_robozen 8 ай бұрын

You are so in tune with trader thinking

@TrayDayX 6 ай бұрын

He's literally preachin ❤. I have a love hate relationship with trading

@AuwalCCL 4 ай бұрын

The best is yet to come #SKILLEDJANUARY

@user-ez2xd1kf2q 8 ай бұрын

So Real! So Educative! Thank you

@r.k.g186 8 күн бұрын

The part about chasing tops and bottoms does this apply to swing traders who hold trades for multiple days?

@LongTu167 8 ай бұрын

Thank you so much Umar !!!

@mishkivlog 8 ай бұрын

Value value value.. The only channel I follow for trading advice

@isaiasrodriguez8980 7 ай бұрын

Amazing advice

@muneneinsights 4 ай бұрын

I love your contents Umar. They always speak to me. U always have what I need and your words are so encouraging because and you say what I lack a platform to convey. Keep going