7 Things I Learned From Making $15 Million as a Day Trader

  Рет қаралды 873,771

Umar Ashraf

Umar Ashraf

Күн бұрын

#daytrading #trading #trader
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
Here are 7 Lessons I learned from making $15 Million Day Trading over the course of 10 years, Hope you enjoy :)
Chapters:
00:00 - Intro
0:12 Don't Trade Everyday
1:24 Adapt to the Market
3:12 Set Realistic Goals in Trading
5:30 The Importance of Managing and Accepting Risk in Trading
7:16 The Value of Journaling Trades for Every Trader
9:20 The Importance of Tracking and Playbooks in Trading
11:55 Trading Psychology and Managing Emotions
13:39 Managing Emotions in Trading for Long-Term Success
15:07 Long-Term Success in Trading
DISCLAIMER I am not a financial advisor and anything that I say on this KZfaq channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
#daytrading #trading #daytrader

Пікірлер: 1 100
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
I use www.TradeZella.com to track and journal my trades :)
@faraj3159
@faraj3159 Жыл бұрын
Hi Umar! Do you know a guy in London who can mentor? Or a guy who knows a guy?
@praveendrajee9328
@praveendrajee9328 10 ай бұрын
I am unable to use journal from trade zella
@Quantum-1157
@Quantum-1157 8 ай бұрын
This is Bull shit! If this guy made $15 million he wouldn’t be sitting in front of you -tube trying to sell trading courses! 😂😂😂
@salmasaju2018
@salmasaju2018 7 ай бұрын
Hello sir.. can you help me please
@HolyChristos33
@HolyChristos33 6 ай бұрын
God bless you brother. Check out GFAL. it's a gaming project low marketcap has high potential in growth current founder is TRIP hawkins who founded E.A sports. current cap os 53M it's expected to reach $10B in 2 years! Please look into brother 🙏 😊
@ankitsanga3295
@ankitsanga3295 Жыл бұрын
"Don't get too excited and don't get too sad " is the KEY.
@deanontheinterwebs
@deanontheinterwebs Ай бұрын
Definitely both fear *and* euphoria can be a mental trap. My Dad was asking me about my trading about 6 months ago, and he asked if I got excited about the wins. He was a little surprised when I told him that I didn't; I wanted my trading to be boring. Another key is the pre-acceptance of risk, as mentioned -- learned a lot of good insights about this from Mark Douglas (RIP).
@LuccaWeber1
@LuccaWeber1 Ай бұрын
Curious if anyone here has tried copy trading. What was your experience? I’m relatively new to trading and I am looking study some traders and copy their open trades rather than investing myself and lose money emotionally.
@emmaarmando
@emmaarmando Ай бұрын
To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, I would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents.
@spacecadet6
@spacecadet6 Ай бұрын
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@noah-greene
@noah-greene Ай бұрын
@@spacecadet6Mind if I ask you to recommend this particular coach you using their service?
@spacecadet6
@spacecadet6 Ай бұрын
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
@elease.eichersli
@elease.eichersli Ай бұрын
She appears to be well-educated and seems proficient considering her résumé. I ran a Google search on her name and came across her website; thank you for sharing.
@kaushitwakafidi
@kaushitwakafidi 3 ай бұрын
"Think about the next 100 trades" That's one of the best pieces of trading advice I've heard in a while. Appreciate the value you share with us for free. Bless up!
@NotMurPh
@NotMurPh 3 ай бұрын
i love it especially when he said over the 100 years 😂😂at 14:34
@jdrip2158
@jdrip2158 Жыл бұрын
Coming up on year 3. just starting to find consistency. don't quit, this is a marathon. all the sacrifices you are making and work you are putting in will all be worth it. keep moving forward
@mrJattkaran
@mrJattkaran Жыл бұрын
Im deep into year 2 and its brutal lol But i can see light at the end of the tunnel 🙏
@timj4755
@timj4755 Жыл бұрын
Thank you
@vojavucinic
@vojavucinic Ай бұрын
The 1% make it because they do not give up!
@cjfalco8779
@cjfalco8779 16 күн бұрын
just how nipsey would put it lol
@omaraziz1299
@omaraziz1299 6 ай бұрын
This guy is really great. Sounds like a level headed smart person. He doesn’t sensationalize things too much and really provides very useful advice. Makes sense why he has found success.
@sharifb507
@sharifb507 Жыл бұрын
keep going, keep grinding, keep learning. adapt, survive, thrive.
@elevana
@elevana 10 ай бұрын
This is the million dollar talk man, been 2 years in trading and and unsuccessful. After watching you my mindset is changed totally. I don't know why nobody talks about these mistakes. You're a gem 👍
@gamingotaku1703
@gamingotaku1703 9 ай бұрын
Started making profits yet?._.
@Quantum-1157
@Quantum-1157 8 ай бұрын
This guy is a liar! I really doubt he has made $15 million in 10 years! He wouldn’t be selling tradingzella services if he was a successful trader!
@antonioalexander8563
@antonioalexander8563 2 ай бұрын
We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.
@freeman4937
@freeman4937 2 ай бұрын
Things appear strange right now. the value of the US dollars is declining due to inflation, but is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. I'm worried the rising inflation will cause my $420,000 retirement fund will loose value. What else can we do with our money.
@sophiewreford8941
@sophiewreford8941 2 ай бұрын
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many KZfaq videos about it but still find it difficult to understand.
@sophiewreford8941
@sophiewreford8941 2 ай бұрын
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
@RayGab-hf4jl
@RayGab-hf4jl 2 ай бұрын
Crypto is bringing a different revolution in the world of economy, people who are optimistic investors earn consistently... other just sit and watch
@janecatherine
@janecatherine 2 ай бұрын
Having an investment adviser is the best way to go about the market right now especially for near- retirees, I have been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with recurring market conditions netted over $320k in profits so far, it clears there is more to the market that we the AVG don't know that Investment advisor's know.
@waheed7288
@waheed7288 Жыл бұрын
This guy is legend and I personally apreciate him alot for his free content I have been watching his videos for very long time
@connorsp
@connorsp 6 ай бұрын
Thank you for sharing! Your generosity means so much to us. May God bless you as you continue your journey!
@kamyacarrington
@kamyacarrington Жыл бұрын
" Always think about your next 100 trades ". This is something that's going to stick with me forever.
@BoeIs_HERE
@BoeIs_HERE Жыл бұрын
I think my whole trading mindset just changed for the better. 🙏
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@mmse1183
@mmse1183 Ай бұрын
Whats that supposed to mean?
@SurfsFlatTrader
@SurfsFlatTrader 8 ай бұрын
I’m binging on all your videos this weekend. Thank you Umar for the great videos! 🤙
@jsajeev3046
@jsajeev3046 Жыл бұрын
Many thanks Umar for this wonderful video. Been trading for 18 years and in 2005 there were no such videos - it would have reduced my learning time drastically but then again maybe I would not have listened or learnt it without those huge losses. If you are new in your trading career my only advice is that this video is pure gold and to follow the rules presented here. I have developed a nearly identical set of rules but that cost me money!
@markgrayson3417
@markgrayson3417 9 ай бұрын
Thank you Umar. You're really really helping me stay positive right now.
@brazooka2904
@brazooka2904 Жыл бұрын
Thank you for sharing your knowledge. Been following you since 2020 and your one of the FEW REAL ONES.
@srinivasdandibhotla5544
@srinivasdandibhotla5544 6 ай бұрын
Content is millions of dollars of worth. It speaks for itself.. God bless
@thedenus
@thedenus 6 ай бұрын
I found that video at the right time... It makes me realise the importance of things that I did'nt put enough effort to go to the next level. Thank you so much for all the videos you make 🙏
@KyleGameTesting
@KyleGameTesting 5 ай бұрын
Thanks, brother this is amazing! Appreciate it Umar!
@user-gj9qh4mw9g
@user-gj9qh4mw9g Жыл бұрын
Thanks for sharing your knowledge, I’ve been through all the stages you speak of and just moving upwards!
@Knerti2
@Knerti2 Жыл бұрын
Waow! Pretty much sums up a lot of key points! Always good to keep these in mind, its so easy to go on «auto-pilot» and forget all these points
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
Hope you guys found value in the video and like the new format :) If so, please give the video a thumbs up
@darwich351
@darwich351 Жыл бұрын
@UNFAZEDMAN
@UNFAZEDMAN Жыл бұрын
Thank you 🙏
@BullBear-zr9yj
@BullBear-zr9yj Жыл бұрын
Amazing 👍💯
@akashthakuri_27
@akashthakuri_27 Жыл бұрын
This is amazing!!!!
@shoibks1988
@shoibks1988 Жыл бұрын
Thanks
@chirag4589
@chirag4589 Жыл бұрын
Man... You articulated every point very clearly which is absolute understandable by the beginners... Keeping making such videos ... Btw i love background music it kinda match with overall set of the video... Kudos keep making more such videos ...
@ajhatfield02
@ajhatfield02 9 ай бұрын
I love the real honesty. It spoke to me. Thanks Umar 🤜🏻
@Aleks25482
@Aleks25482 3 ай бұрын
The only realistic youtuber worth listening to, people need a person like you bro, we need you. The time I spend on your videos is 100% worth it SUBSCRIBE THIS GUY ALL OF YOU
@JiggOnline
@JiggOnline Жыл бұрын
Thank you for making this! I just started to try to take this serious and I've been putting too much pressure on myself.
@HH_Linkmusic
@HH_Linkmusic Жыл бұрын
Trading is really more of a psychology game. You'll be getting know yourself during the game. Thank you for sharing your philosophy. It helps a lot.
@bongsengwah710
@bongsengwah710 11 ай бұрын
me too
@swingtrader369
@swingtrader369 10 ай бұрын
Psychology is the biggest success element in trading. But never forget knowledge and skills also needed.
@namede6210
@namede6210 5 ай бұрын
I would say stop with the obsession with the psychology part. Don't get me wrong, it is crucial to have the right psychology. But often times people focus way TOO much on psychology and neglect the harsh truth that they are just BAD and need to level up their knowledge. And to the comment above, psychology is NEVER the biggest success element in trading. And yes I am making profits.
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@cesaravila1903
@cesaravila1903 Жыл бұрын
Thanks umar, im in year two & hearing your advice is very reassuring ! thank you!
@amerbiro5411
@amerbiro5411 11 ай бұрын
Umar, you are amzing man Thanks a lot from the bottom of my heart I am looking forward for more videos like this
@floop2935
@floop2935 6 ай бұрын
This young man inspires me to continue persevering and learning to trade! 🙌
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@sickzAM
@sickzAM Жыл бұрын
i love these videos umar! thank you for all you do!
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
Thank you for your support Alex! :) I have a lot more videos coming out, what topics would you like for us to focus on?
@sickzAM
@sickzAM Жыл бұрын
@@UmarAshraf28 There's really nothing to add. I haven't seen a video of yours where you don't speak about everything. There's always good lessons to learn in all aspects of trading. Me personally love psychology videos, most of early traders focus too much in learning a strategy without checking their psych and mindset. So maybe a video in how to track your emotions and learn how to control that would be awesome, but that's just a personal thing of my own. Overall stunning videos!
@notstaring
@notstaring Жыл бұрын
There's so much value in this video. Im definitely going to put all this information to good use and become a successful trader.🚀🚀
@arman_bag6670
@arman_bag6670 Жыл бұрын
Amazing Bro love it!! Just an idea but maybe you can make a vid on how to journal you trades and dive deep into it.
@chris-pj7rk
@chris-pj7rk 10 ай бұрын
Successful investing/trading 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.
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@Sonoran_Trader
@Sonoran_Trader Жыл бұрын
Been trading for 5 years now and you never stop learning. Great video/advice. It also helps to surround yourself with a likeminded group/individuals!
@Daniel-gz6fi
@Daniel-gz6fi 10 ай бұрын
Maybe surround yourself with traders not of the same mind. This guy is a fraud bro, yes I know it’s hard to withdraw from your current belief that this guy is an inspiration, but he takes advantage of the ambition of many people.
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@harmoniousT
@harmoniousT 3 ай бұрын
Not even halfway through the video and this is already one of the best if not top video on tips/things to learn as a day trader in the trading space. Thorough with what was learned, gives examples on how to improve, and encourages the trader to find out for themselves. Thank you for sharing your knowledge and experience!
@7timesmmachampion
@7timesmmachampion Жыл бұрын
Thanks for uploading it Umar ❤❤❤
@aarona6854
@aarona6854 Жыл бұрын
Great advise. You articulate everything so well 👏
@EverythingRealEstate.
@EverythingRealEstate. Жыл бұрын
Huge Gems💎 bro! These 7 lessons of yours will remain timeless for all traders who want to succeed! Much Love ❤
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@G-Forex
@G-Forex Жыл бұрын
WOW!.. I mean... I'm just glad to be alive and hear from you!
@anuforpraisengyiah5682
@anuforpraisengyiah5682 Жыл бұрын
I never noticed some of these things for my eight months of struggle in trading all alone... Thanks for the boost I'll keep up. Now a change of mindset thanks
@amirmht8029
@amirmht8029 11 ай бұрын
Your advice on setting realistic goals and focusing on what we can control (like risk) rather than external factors like making a certain amount of money has really resonated with me. Thank you for reminding us of the importance of mindset in trading.
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@daniellehayashi9616
@daniellehayashi9616 10 ай бұрын
I love this, your advice is gold! The market definitely has seasons and looking for opportunities does NOT mean that you need to trade every day. Cash is a position. #adapt
@karimnanji4163
@karimnanji4163 Жыл бұрын
Excellent.. Thank you and all the success to you and your family.
@phinaal1889
@phinaal1889 Жыл бұрын
Love your videos Umar. You are the most genuine trading youtuber!
@Franziska_M
@Franziska_M Жыл бұрын
You can notice he went through all of it ! He knows what he is talking about. And plus he is so nice. Keep filming this kind of videos ! I love it.
@Movie-tme
@Movie-tme 11 ай бұрын
Exactly 💯
@AkasMajhi
@AkasMajhi Жыл бұрын
Highly valuable advice. Especially liked the 'setting up non-money related goals'. For me, May is the month of 0 random trades. Thank you.
@remensmosmbah6295
@remensmosmbah6295 Жыл бұрын
Great video! Best trading guidelines. You made my day. Thank you so much...stay blessed.
@user-ed3qg1lp5w
@user-ed3qg1lp5w 5 ай бұрын
I LOVE YOU RECOMMENDATIONS FOR THE GROWTH OF OUR JOURNEY AS A TRADER
@amunwa
@amunwa 11 ай бұрын
Top vid…I’ve been trading for over 25 years but constantly for 10 years profitably for 3 years but you still taught me something! Thank you for being so honest!
@antonlarsen6568
@antonlarsen6568 10 ай бұрын
so does that mean you’ve beat the market for 3 years straight
@mfundorode7240
@mfundorode7240 11 ай бұрын
Man thanks for this video it really build my energy back because i have been trading for 2yrs no profit no withdrawals sometimes i think of walk-away from trading but i have invested almost 3yrs so thats what keeps me going and seeing people like you....million love for you bro from south africa.
@infosrelevantes7146
@infosrelevantes7146 10 ай бұрын
Keep going but chance the approach. There are tons os atores in poker where players got stucked for years and the became high stakes pros after changing the approach tô the game!!!
@Daniel-gz6fi
@Daniel-gz6fi 10 ай бұрын
Don’t listen to this guy bro. You seem like you’re ambitious, he’s taking advantage of that. All these stock ‘gurus’ are full of it. What he calls the ‘smart money’, aka sell side institutions wouldn’t even look in this guys direction because it’s such a joke. He’s speculating
@fatman6641
@fatman6641 Жыл бұрын
Best video you’ve ever made much love thanks you for this beautiful content. Gonna keep this in my notes.
@dr.stephenk5892
@dr.stephenk5892 2 ай бұрын
Thats a damn great talk. I need to watch this every trade morning. Thanks Umar!
@user-jg8le8lb6m
@user-jg8le8lb6m Жыл бұрын
Mr. Umar, you are a great person to providing all these important and crucial informations in such a simple and honest way. Thank you so very much for your videos.❤️❤️
@jonathanburtnick
@jonathanburtnick 9 ай бұрын
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@naomigonzales9663
@naomigonzales9663 9 ай бұрын
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
@LeonardoScott
@LeonardoScott 9 ай бұрын
It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advlsor.
@scottjuarez9549
@scottjuarez9549 9 ай бұрын
I just checked her out and I have sent her an email. I hope she gets back to me soon.
@raydavies5249
@raydavies5249 Жыл бұрын
Thanks Umar. Great video as usual !!
@AdamHunts
@AdamHunts Жыл бұрын
Thank You, Valuable insights I gained from this video.... 1. Recognize the impact of greed on the mind and its influence on trading decisions. 2. Prioritize risk assessment over the potential rewards of a trade. 3. Establish clear entry and exit criteria based on sound reasoning. 4. Identify a reliable edge and consistently leverage it for successful trades. 5. Engage in self-reflection to understand one's thoughts and emotions during trades. 6. Rapid scaling of profits is achievable with a solid grasp of the above principles.
@faustinomartinbertolo622
@faustinomartinbertolo622 Жыл бұрын
One of the best traders in the public world. Thanks for all the value the best vibes for you
@blueheart978
@blueheart978 Ай бұрын
Needs this Umar. Thanks 😢 fingers crossed I’ll make it
@edwardwaszak8717
@edwardwaszak8717 11 ай бұрын
This video is awesome Umar! Thank you so much for your generous sharing.
@totallytubular3225
@totallytubular3225 Жыл бұрын
you can tell he is legit, somewhat rare in the youtube day trading space
@BoeIs_HERE
@BoeIs_HERE Жыл бұрын
Inspirational video for a beginner like myself. Almost 4 months in this thing. I've had great ups and great downs. Winning streaks and losing streaks. Umar's argument where he specifies you need to think about the next 100 trades resonated with me today because the long-term results will determine the outlook.
@HEC892
@HEC892 Жыл бұрын
He kinda went over it in the beginning but one thing that has helped me recently is , “Trade what you see , not what you think”
@BoeIs_HERE
@BoeIs_HERE Жыл бұрын
@@HEC892 I would interpret that as knowing market direction.
@isaiahmartinez4168
@isaiahmartinez4168 5 ай бұрын
Love these videos Umar, thank you for sharing your wisdom with all of us!
@FURIOUSAM31
@FURIOUSAM31 11 ай бұрын
the best video i ever seen on trading and ive been doing it since 2010. subscribed.
@prarthanatamilselvan7109
@prarthanatamilselvan7109 Жыл бұрын
Sir thank you soooooo much ... Today i was so down emotionally regarding trading ... This video helped me a lot recognising my mistakes thank you sir ...🙏 From INDIA
@MagicalGamer
@MagicalGamer Жыл бұрын
Love your video thank you
@paulbiniasz2278
@paulbiniasz2278 11 ай бұрын
Thank you for sharing your trading wisdom, Umar.
@lesterhovar546
@lesterhovar546 4 ай бұрын
Hey man! What a wonderful words!!! A big Thxxx! blesses for you!
@girifilmmaking6240
@girifilmmaking6240 Жыл бұрын
Thank you Umar. I really mean it, thanks from the bottom of my heart. Thanks for sharing your years of experience gained through hardwork with us. I will strictly follow every single word you said.
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
Thank you for your support and good luck on your trading journey!
@mehakbhoria1947
@mehakbhoria1947 Жыл бұрын
Anyone can teach technical analysis but the main game is psychology, doing it well , looking forward to see much of this stuff👍
@Officialumar010
@Officialumar010 5 ай бұрын
Get intouch 🎉🎉🎉
@anvarrahimov6082
@anvarrahimov6082 Жыл бұрын
OG thank you so much! Umar the best👌 One day I want meet you in NYC OG Just I want to say you changed my life!
@JoseLuna-qk6pc
@JoseLuna-qk6pc Жыл бұрын
Great video Umar I love the new format and quality 🔥
@NguyenHieu-cb5yg
@NguyenHieu-cb5yg Жыл бұрын
Very helpful thanks alot! I’m at year 3 in the fx market and about to take a funded account, and i’ll be following this guy throughout my process 😂
@Quantum-1157
@Quantum-1157 8 ай бұрын
This guy is lying he has made $15m in 10 years!
@mohamedelsayed7703
@mohamedelsayed7703 Жыл бұрын
THE LEGEND WHEN HE TALKS LOVE U BROTHER
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
Appreciate you Mohamed!
@raskidon
@raskidon 11 ай бұрын
This is an A1 well detailed video, I need put this video on watchlist, to watch it every morning b4 I trade.
@MaloneBilly
@MaloneBilly 11 ай бұрын
Awesome video. I couldn't agree more with your advice! Well said!
@gregsanty1777
@gregsanty1777 Жыл бұрын
Thanks, Umar. Your words have always motivated me to stay in the game. Despite trading for 4 years, I have yet to achieve success. I stopped trading since last December as I had other things going on, but I plan to come back soon with a better approach and keep your words in mind.
@abtrades8460
@abtrades8460 Жыл бұрын
Keep going brother I’ve been following you for last 2 years. Your new podcast style content creation is amazing. Things I’m getting better watching you is developing psychology and trade recaps. Keep inspiring legend. Love from Canada.
@sonukote8049
@sonukote8049 Жыл бұрын
kzfaq.info62NKTh1lSak?feature=share
@rahulchaudhary2491
@rahulchaudhary2491 Жыл бұрын
Whats the name of that last podcast bro??
@desmondchan1461
@desmondchan1461 6 ай бұрын
Greetings from Singapore! Thank you for your sharing on social media!
@zolimatrof-iy3bm
@zolimatrof-iy3bm Жыл бұрын
Thanks for sharing your experience and give advice!
@combat.trader
@combat.trader Жыл бұрын
Trading is the easiest job. No one teaches, but you do - right mindset, psychology, practical approach, Self retrospective study, Emotion handling, R multiple, recap of your trades. You selfless contribution for retail traders thru your quality content is just price less. Love from India ❤
@chicagoconcertchannel4031
@chicagoconcertchannel4031 10 ай бұрын
All was spot on and well said. Specifically there is no "eliminating emotions". One of the many things over the years (decades) that has stuck with me is trading is an extreme psyche eval. Every strength and weakness one possesses will be magnified 10 fold when trading and impact one in ways they normally would not in "average" day to day life situations.
@jamesmensah2012
@jamesmensah2012 Жыл бұрын
This video is so informative. Thank you Umar.
@MR-7481
@MR-7481 11 ай бұрын
in the first minute your first tip was sooo good big like
@elvd7437
@elvd7437 11 ай бұрын
When you started as a day trader, how many options contracts and days to expiry did you start with and how much stop loss on each contract? These are helpful ideas that can guide new traders. Experienced traders are not very specific in their advise. They will tell you to have rules, plans etc. What plans and what rules when you are new and learning. Giving examples are very helpful to new entrants to the market particularly number of shares and options contracts and specific amount of stop loss as a guide. The main reason new traders blow up their accounts.
@ceramikxxx5882
@ceramikxxx5882 9 ай бұрын
Humans never reveal their secrets. Human beings are greedy.
@nicolasbenson009
@nicolasbenson009 7 ай бұрын
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
@RaymondKeen.
@RaymondKeen. 7 ай бұрын
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Margaret Johnson Arndt my financial advisor, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…
@RaymondKeen.
@RaymondKeen. 7 ай бұрын
Finding financial advisors like Margaret Johnson Arndt 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.
@Lito-dy5vo
@Lito-dy5vo Жыл бұрын
So inspirational brother
@justonegoodtrade
@justonegoodtrade Жыл бұрын
The first advice was amazing.
@yuiyuiyuiyui8800
@yuiyuiyuiyui8800 Жыл бұрын
This is very good honest advice, real to the subject matter. I would add that through the journaling concept, In my case at least it was true, is identifying repetitive mistakes and bad patterns in our trading. It can be jumping in too soon or too late which is actually recognizable when you do it repetitively. and many others like poor charting or not listening to the news, little boring things that eventually make a huge difference which is why i liked this video, it's actually very honest and that's rare
@vortexfx420
@vortexfx420 Жыл бұрын
Let that candle close first, it will build self discipline and allow you to make the right entry
@datdarkside
@datdarkside Жыл бұрын
Respect everything you saying.! Honestly every single thing you saying makes sense in trading. I have been trading for year and a half and lost around $27,000 in my first year but fortunately I learned from my mistakes I am now I’m making back what I lost. Biggest thing I learned was not to trade everyday but look for opportunities big gap up or down or big news also i never had problems let my lost take over my emotions I was pretty good at controlling my emotions because I only invested what I was willing to loss and I think think about my lost instead I viewed them as investment and opportunity to learn and grow my knowledge. I kept falling down and I kept getting up and I finally learned how to walk.!
@LuthandoDlomo
@LuthandoDlomo Жыл бұрын
Lets gooo!!! This is solid info, thanks brother
@blackjackdoubledown
@blackjackdoubledown Жыл бұрын
Incredible knowledge and advice! Thank you.
@Snypa-007
@Snypa-007 Жыл бұрын
Thank for the video Umar. I sure hope I'm profitable in less time you stated at 14:34 I'm still on demo account, need to start journaling my trades.
@mohammedhashim2419
@mohammedhashim2419 10 ай бұрын
Take every trade with preconceived notion that you will lose it. That helps pacing all strategies in place, to the extent possible to avoid loss.
@dontfollowandrew3597
@dontfollowandrew3597 Жыл бұрын
Best speech i ever listen like this about trading life .. great brother
@FXJamesG
@FXJamesG Жыл бұрын
This video is fu#$ing awesome bro! Everything your speaking is facts, on top of that the audio selection is perfect in how it emphasizes the seriousness of what your saying. Very well put together. Just Subscribed 👍🏻
@Mr-sweeny
@Mr-sweeny 5 ай бұрын
Fantastic content as always! Appreciate the rare honesty and transparency. After experimenting with stocks since late 2021, I've shifted to 100% S&P 500, regretting not doing so from the start. Considering a return to individual stocks in 2024, but uncertain about safely investing $500k in the market.
@PhilipDunk
@PhilipDunk 5 ай бұрын
I find it more productive and safe to buy growth/blue-chip stocks & large caps. It's advisable to work with a fiduciary advisor for a well-diversified portfolios instead of relying solely on speculations.
@Nernst96
@Nernst96 5 ай бұрын
Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.
@Nernst96
@Nernst96 5 ай бұрын
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@Tele_gram_signalp2
@Tele_gram_signalp2 Жыл бұрын
Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
@AaryyanVivek
@AaryyanVivek Жыл бұрын
Thank you for these videos! They are so helpful Umar Bhai!
@Patstilltrying
@Patstilltrying Жыл бұрын
I bookmarked your video. That kinda says it all ... Thanks for sharing Umar
How I Made Millions As The World’s Best Trader | Minutes With
25:25
LADbible TV
Рет қаралды 1,1 МЛН
10 Reasons Why You're NOT Making Money Day Trading (2024)
23:50
Umar Ashraf
Рет қаралды 299 М.
Do you have a friend like this? 🤣#shorts
00:12
dednahype
Рет қаралды 31 МЛН
Trágico final :(
01:00
Juan De Dios Pantoja
Рет қаралды 31 МЛН
Normal vs Smokers !! 😱😱😱
00:12
Tibo InShape
Рет қаралды 108 МЛН
The Secret To Telling Where a TRADE Will Go Next | Step by Step
14:52
9 Biggest Lies About Day Trading...
9:43
Umar Ashraf
Рет қаралды 197 М.
The Mindset of a Trader | Hicham Benjelloun | TEDxYouth@RAS
23:37
I risk $107 to make $7,500 in Trading… This is how
20:39
Umar Ashraf
Рет қаралды 621 М.
Beginners Guide to Day Trading (with ZERO experience) $1,000 Small Account Challenge
49:02
Ross Cameron - Warrior Trading
Рет қаралды 550 М.
I ONLY Focus on These 2 Things In Trading (2024)
9:14
Umar Ashraf
Рет қаралды 646 М.
Steve Cohen - America's Most Profitable Day Trader
19:45
FINAiUS
Рет қаралды 1,1 МЛН
How to Win at Forex Trading as a BEGINNER in 2024
52:47
The Trading Geek
Рет қаралды 457 М.