How Much Money Do You Need to Start Day Trading?

  Рет қаралды 128,828

Umar Ashraf

Umar Ashraf

Күн бұрын

#daytrading #advice #stockmarket
In this video, I cover how much you need to day trade and what money you should trade with, Enjoy! :)
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
Chapters:
0:00 - Intro
0:06 - What Money Should You Trade With?
0:53 - How Much Do You Need to Day Trade?
1:10 - PDT Rule
1:57 - Trading Options
2:44 - Crypto, Forex & CFDs
3:15 - What to Focus On
3:48 - The Money You Should Trade With
#daytrading #daytrader #trading
How Much Money Do You Need to Start Day 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.

Пікірлер: 186
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
How much money did you start trading with? Also please drop a like if you enjoyed the video! 🙏
@jtrades_
@jtrades_ Жыл бұрын
great video
@abdullaha8003
@abdullaha8003 Жыл бұрын
Hey could you make a video for starting in canada I do not know what brokerage to use and what do you trade options, stocks or what?
@thevloger75
@thevloger75 Жыл бұрын
Thank you bro really needed to hear this
@maxamadcabdulaahi45
@maxamadcabdulaahi45 Жыл бұрын
Pliz show us what platform u use😢 i dropped a like
@enebongephraim2777
@enebongephraim2777 Жыл бұрын
Hello Umar, I want to learn directly under you and I am willing to make the necessary financial commitment. How can I make contact ?
@user-wt9ii7wg2s
@user-wt9ii7wg2s Жыл бұрын
I really love how authentic you sound you're my trading G🎉🎉✊
@aksaaptr
@aksaaptr 9 ай бұрын
thanks for the explanation, very helpful for beginners like me who are learning in the nfc community.
@SeanSoliman
@SeanSoliman Жыл бұрын
The edit on these latest videos are🔥. Keep it up man!
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
Thanks! Will do!
@motivationinc6415
@motivationinc6415 Жыл бұрын
4 K video that's awesome and sounds good!
@vovanminh999
@vovanminh999 Жыл бұрын
This guy is always give a good advises.
@chrisogden440
@chrisogden440 Жыл бұрын
good stuff love your videos
@wordsofrizdom
@wordsofrizdom Жыл бұрын
Such an incredible video! I hope people take notes! 🧠💙
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
I appreciate your constant support! 👏
@michaelsturgill736
@michaelsturgill736 10 ай бұрын
always droping fire
@ashmitsingh2351
@ashmitsingh2351 Жыл бұрын
Most genuine person on KZfaq ❤
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
That’s kind of you!
@ShahidKhan-pu7hc
@ShahidKhan-pu7hc Жыл бұрын
Sir u make my phychology very good love from India
@SaleemKing-ix9vw
@SaleemKing-ix9vw Жыл бұрын
Thank you from teaching sir
@LeadingWrenLovely
@LeadingWrenLovely Жыл бұрын
Great advice, thanks Umar. I need to understand the markets and what I'm doing before investing more capital into this!
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
Glad it was helpful!
@saifshaikh3191
@saifshaikh3191 Жыл бұрын
Thanks Umar
@deeshankumar6526
@deeshankumar6526 Жыл бұрын
Good advice. Good analysis.
@kamalyusof8078
@kamalyusof8078 Жыл бұрын
Tq...keeps in touch..
@dineshchitara8784
@dineshchitara8784 5 ай бұрын
Sahi kaha ashraf saab 👍
@swingtradingengineer19
@swingtradingengineer19 Жыл бұрын
2 decades ago you could not even open an day trade account with less than 25k. Some brokers use to offer account possibility to open restricted account with 10k. Things are different nowadays but the principle stays the same. Awesome content man.
@kenduzouir
@kenduzouir 4 ай бұрын
That is not true I started trading in 2003 and I open my first trading account £1,500
@user-xm5rk7cd6v
@user-xm5rk7cd6v 9 ай бұрын
thanks for the video
@juplekk._
@juplekk._ Жыл бұрын
heyy umarr , can u please make a video u live trading? , would love to see that . thanks
@SlippinJimmy4Life
@SlippinJimmy4Life Жыл бұрын
CMEG is a broker in the Bahamas that gets around the PDT rule
@Latinkuro
@Latinkuro Жыл бұрын
My 2 cents, trade on demo until you have a solid two months of consistent profits logged, ideally 10% profit per month logged. This is a good sign that you might be ready for a real account.
@dav1d_csgo
@dav1d_csgo Жыл бұрын
I'm on 50% profit with my demo account end of week 2 and I'm still at loss on the how and the why 😢
@khalidprince4820
@khalidprince4820 Жыл бұрын
May Allah SWT bless you brother.... Very important points ❤
@izuddin1978
@izuddin1978 10 ай бұрын
Thanks for sharing
@rohayes8949
@rohayes8949 Жыл бұрын
I’ve been trying to become consistently profitable for awhile. I’m close but not there yet. Most recently I traded in $1,250 increments. At some point I realized that “Hey this isn’t working. If I’m stll inconsistent, Why am I putting all of this capital at risk?”. Now it’s strictly SPY options, putting a ballpark of $75 to $100 at risk. I recently scaled back to $75 as I was having issues. My thing is the %s are the same regardless of the $ amount traded. Get my %s down then begin sizing up. Eventually I’ll have the same sizing issues as everybody else. But for now that’s irrelevant. When I am profitable, commisions take a good size chunk of the profits. From my perspective, that’s also irrelevant. So, yeah, I’d love to trade in 5k increments. But I definitely feel like I’d better wait until I build my skill level. But with only $75 to $100 on the line, I’m still in the game. I’m also not cavalier about this. I feel like I don’t just think “Oh well, it’s only $100 so it doesn’t matter.” Hopefully I’m not lying to myself!😁😁😁. Sorry, I know my entries are ridiculously long.
@liam-n8098
@liam-n8098 Жыл бұрын
Why risk real money to test an edge? You can demo trade to test an edge. Once you’ve proved the edge works trade live small.
@taremwadeus3208
@taremwadeus3208 Жыл бұрын
Thanks live from Uganda
@Jacobl119
@Jacobl119 Жыл бұрын
My plan is to keep using prop firm, pay off any extra debt i have, fund a cushioned personal trading account, eventually ween off prop firm accounts.
@woodyharrelson2624
@woodyharrelson2624 Жыл бұрын
Everyone’s got a plan till they get punched in the face. So don’t get yourself punched in the face
@Jeremy-sr4gv
@Jeremy-sr4gv Жыл бұрын
I personally wouldn’t use prop firm money…
@Siegefya
@Siegefya Жыл бұрын
I been in this business since 2016, the sudden popularity of the "prop firm" thing in the last couple years really trips me out, back when I first started a prop firm trade desk trader was someone who literally applied to a job to work for one of those and usually had to go into an office everyday, an employee. I really don't see the point in it tbh, but hey to each their own. I've always traded my own money. I'd say don't ween off that sht, as soon as you can get off then get off, take advantage of the proper tax rules futures offer (I'm assuming you are prop firming through futures trading). 1099 you are not getting the best tax treatment futures offer tbh.
@PhilipJoshua_
@PhilipJoshua_ Жыл бұрын
First to comment Love from a Nigerian trader ❤️
@harikaselman2855
@harikaselman2855 Жыл бұрын
Nice video
@wasimkhan-ke3lf
@wasimkhan-ke3lf Жыл бұрын
Hey bro, you truly motivated us. I've been watching your KZfaq videos for the past two years. I have a question for you. According to most people and experienced traders, 90% of people lose money in trading compared to 10%.Do you actually follow the same things as trendlines, patterns, and candlesticks?
@UmarAshraf28
@UmarAshraf28 Жыл бұрын
I’m glad the content is helping you!
@lexbraxman9270
@lexbraxman9270 Жыл бұрын
The real answer is 28k. 3k buffer to fall below PDT. And if you aren't already profitable and have that type of disposable income do it on the side and see if it is.
@Cr_7-jm
@Cr_7-jm Жыл бұрын
Can you do a video on order flow...thanks
@muhammedertan2
@muhammedertan2 Жыл бұрын
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
@entertainmentworld4261
@entertainmentworld4261 Жыл бұрын
Bro make a video about key levels how to find that levels what are the points that satisfy for u to draw a key level
@Inatfromdenmark
@Inatfromdenmark 3 ай бұрын
Thank you
@abidaby5460
@abidaby5460 Жыл бұрын
Hi, Umar what are your views on prop firms? Are they scam as some traders point out as the challenges seems to be very hard to achieve 10% in 30 days. I've tried to look for any of your videos/clips to see if you've tackled this subject.
@dcbrit2003
@dcbrit2003 Жыл бұрын
PDT rule is USA specific
@moradkm7425
@moradkm7425 Жыл бұрын
Hi umar do you do 0 zero day expiration date for options or longer time frame
@Nancy-ex4xr
@Nancy-ex4xr Жыл бұрын
Umar make videos on technicals
@bozzicone
@bozzicone Жыл бұрын
Hi Umar what do you think about the wheel option strategy?
@NANO-cp3wm
@NANO-cp3wm Жыл бұрын
Ran 21$ to 600$ then saw it all run down💔💔 its a lesson
@WallaceFernandeswally
@WallaceFernandeswally 8 ай бұрын
Very good advice my dear friend Umar you're the best Trader spy... Hug's!!
@DineshSharma-zn6yl
@DineshSharma-zn6yl Жыл бұрын
We are eagerly waiting for forex trading strategies
@josephginnett1630
@josephginnett1630 Жыл бұрын
How would you start if you had a fully involved 7-330EST?
@everythingsinteresting1158
@everythingsinteresting1158 Жыл бұрын
here before this go viral
@hawkcodmtv7054
@hawkcodmtv7054 Жыл бұрын
do you do couching?
@prithvirajchauhan5723
@prithvirajchauhan5723 Жыл бұрын
Do you look at pre-market and aftermarket for charting and drawing out zones or do you just focus on the trading hours?
@Jeremy-sr4gv
@Jeremy-sr4gv Жыл бұрын
Yes…
@velthururamcharantej8053
@velthururamcharantej8053 Жыл бұрын
Love from India
@g.rajeshkumar2690
@g.rajeshkumar2690 Жыл бұрын
Good morning sir
@CameronvandenHeever
@CameronvandenHeever Жыл бұрын
please let me know what you think of forex trading Umar id greatly appreciate it , ive started my forex journey and have taken alot of information from your channel
@CryptoLaddd
@CryptoLaddd Жыл бұрын
Any thoughts on xrp ?
@sheshenainaiheeman8026
@sheshenainaiheeman8026 Жыл бұрын
What do you trade? Futures, options, normal stock, forex?
@esma62368
@esma62368 Жыл бұрын
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
@themagickedd
@themagickedd Жыл бұрын
Can you give us a watchlist stock for small accounts please
@abdulthanjavur
@abdulthanjavur Жыл бұрын
Hi @UmarAshraf please throw some light on options and day trading, is it halal or not ????
@NarendraSingh-yb6xb
@NarendraSingh-yb6xb Жыл бұрын
sir drop a new trade break down video
@NarendraSingh-yb6xb
@NarendraSingh-yb6xb Жыл бұрын
sir drop a new trade break down
@Totentanz1524
@Totentanz1524 Жыл бұрын
In UK you can't trade futures on binance
@rahmashihaama4591
@rahmashihaama4591 7 ай бұрын
Where can we learn to do trading for those who havent with very small capital like 50 dollars
@GetCoachingClients
@GetCoachingClients Жыл бұрын
Do you have a paid program or discord?? Trading part time!
@stephaner369
@stephaner369 10 ай бұрын
Great channel ;) I did not get it, what PDT 3 letters actually stand for ? Can someone tell me please
@MoTheTacticalTeenTrader
@MoTheTacticalTeenTrader 9 ай бұрын
Pattern Day-Trading
@thehollowman7375
@thehollowman7375 Жыл бұрын
Hello Umar bro why you are not coming to Pakistan 1year ago you came
@stealthednexus8646
@stealthednexus8646 Жыл бұрын
cash accounts dont have PDT rules
@trendy_1997
@trendy_1997 Жыл бұрын
I just wanna ask what maybe the best timeframe to trade?
@lungelo200
@lungelo200 Жыл бұрын
quite early morning trades as i'm south african. but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
@sonudas6044
@sonudas6044 Жыл бұрын
Bro can I upload shorts by making them from these long videos I'll give you credit plss 😢😢
@jaybro3713
@jaybro3713 Жыл бұрын
Bro will the market go down in 2023?
@azinoariel
@azinoariel 5 ай бұрын
doesnt day trading rules not apply to a cash account?
@mohamednizam3748
@mohamednizam3748 Жыл бұрын
the part that i don’t understand is that pro traders spend more time doing videos for youtube than trading, why? youtube gives more money than trading?
@rashidabdur-rafiu379
@rashidabdur-rafiu379 2 ай бұрын
Co ask 😅
@rashidabdur-rafiu379
@rashidabdur-rafiu379 2 ай бұрын
Most of them do it to gather a community that can help them bag sponsorship deals and big-time partnerships with certain entities which can help them increase their capital. Also, by making a lot of videos they learn more and try to understand a lot from different angles as they answer our questions
@LuTimesTwo
@LuTimesTwo Жыл бұрын
Which Broker would you guys recommend for a beginner?
@lungelo200
@lungelo200 Жыл бұрын
heard of hara alonso? you should look up the web
@Dajen_Tk
@Dajen_Tk Жыл бұрын
Fidelity is really good but I personally use Etrade
@ferg5938
@ferg5938 Жыл бұрын
Have you ever heard about prop firms?
@busarimaleek1907
@busarimaleek1907 Жыл бұрын
he trades stocks not forex. if you trade forex, well then you know what to do
@sajidnayeemabdin7395
@sajidnayeemabdin7395 Жыл бұрын
I stated ₹10000 for learning day trading
@karthickc1066
@karthickc1066 Жыл бұрын
We are expecting a new video on this week ❤
@karthickc1066
@karthickc1066 Жыл бұрын
Sent you a report you sneaky scammer 🤣
@edwinhunnet2666
@edwinhunnet2666 Жыл бұрын
Listen to this man! He lost a lot of money before. You can tell how careful he is now.
@darkfendi6994
@darkfendi6994 Жыл бұрын
where does someone use to start day trading?
@lungelo200
@lungelo200 Жыл бұрын
depends for me i started with mt4 but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
@economicdevelopmentplannin8715
@economicdevelopmentplannin8715 9 ай бұрын
my answer - a bedroom bathroom suite (~$100k) with enough cash to cover your portion of property taxes, utilities, and groceries for the year ($7k is enough for most people) - then $1k to trade, and $1k for 'education' to mirror an experienced trader. $110k in wealth is more than enough. Less if willing to do this in a high poverty neighborhood. This will get you going for the first year, to launch successfully.
@bluecavemen
@bluecavemen Жыл бұрын
Does he trade forex? I'm still confused what kind of trading he does and does he have a course
@lungelo200
@lungelo200 Жыл бұрын
not exactly but i was asking the same thing but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
@motivationinc6415
@motivationinc6415 Жыл бұрын
that's the problem if you don't have 25k you can't even run the BOT
@RüzgarYağız
@RüzgarYağız Жыл бұрын
Global stocks headed for their biggest weekly decline in more than three months. European shares fluctuated, with a record 36% drop in Siemens Energy AG’s shares after a profit warning dragging on the broader market. US index futures fell. According to chief economist at UBS Global Wealth Management “Financial markets have had one of those switches in the narrative that happen occasionally, and are starting to worry about higher interest rates driving recessions,” I'm still at a crossroads deciding if to liquidate my $300k stock portfolio, what’s the best way to take advantage of the market?
@TOTAL-ve3co
@TOTAL-ve3co Жыл бұрын
400$ dollar i deposit once now i have 6000$ in my forex trading account it's all about patience and goog oppertunity
@BLgoat17
@BLgoat17 3 ай бұрын
hey how much where you doing per trade??
@khadijaashraf9321
@khadijaashraf9321 Жыл бұрын
👏👏👏
@Rio_073
@Rio_073 Жыл бұрын
2 Accounts Blowed Learnt Alot Doing with last $100 My Mommy Gave me
@Trading-kittyy
@Trading-kittyy Жыл бұрын
good to mention that if you want to trade futures nasdaq100 / snp 500 its very volitile and 100 bucks even 200 bucks might just keep wicking you out. I think atleast 400 bucks is okay if you are trading 1 contract on Micro e mini futures
@jaipreetsingh304
@jaipreetsingh304 Жыл бұрын
My Question is that I am trying to learn trading from last 8month myself only. I am strictly following Risk management and I have not lost much as I have salary income I give 2-3 hours to it. I am not consistent still. I want to know if am I going to right path. I believe it is possible to become trader by learning yourself. I have not setup any time limit that I need to learn it in 6months or year, I will give it as much as it will take until I become consistent. I just want if you can let me know that I can become a good trader myself, and I don't need any mentor or trainer. Btw your videos are helpful and entertaining.
@swingtradingengineer19
@swingtradingengineer19 Жыл бұрын
Don't go this way mate. Been doing this for 10+ years and the learning never stop. theres is no real point in trading where you got it all figured out. You can learn the basic by yourself you can refine you analysis style by yourself. But when it come to take action in the market as a source of income, you need to have a few other successful trader that will open up their active experience to you. The emotional load is not something you can face alone.
@SunnyVishen-ju3zy
@SunnyVishen-ju3zy Жыл бұрын
Operation
@incomeoracle
@incomeoracle Жыл бұрын
If you want to day trade and don't have $25,000, just use different brokers that you trade within the legal parameters on different days of the week.
@sakshampurwar7078
@sakshampurwar7078 Жыл бұрын
Can you make videos in hindi
@Mdsahil-dg4zd
@Mdsahil-dg4zd Жыл бұрын
I am biganr sar fast taim ternding
@mtn1110
@mtn1110 Жыл бұрын
Can you start trading with £20?
@DrDaveW
@DrDaveW Жыл бұрын
With some brokers, yes. I think a real $20 account is a better learning experience than a demo $100k account. Losing a dollar is more real than losing a fake $1000.
@Nskvisuals
@Nskvisuals Жыл бұрын
Y that mic is on ur face 😮
@rahatkirmani7016
@rahatkirmani7016 Жыл бұрын
Do u know Urdu language
@user-hd3fp4hu4g
@user-hd3fp4hu4g Жыл бұрын
no money to lose 😭😭😭😭😭
@raheelamazon8303
@raheelamazon8303 Жыл бұрын
Salam brother!. ❤ Why your eyes red!.
@IonKnow4RL.
@IonKnow4RL. Жыл бұрын
Mark my words im going to be great in trading ,ive heard it all the from the Dream killers The people wit no vision But ,they never going to stop me My name is Mellow and im going to be a great trader
@samuelgeorgiev487
@samuelgeorgiev487 Жыл бұрын
just use prop firm lol
@Crypto-knight90s
@Crypto-knight90s Жыл бұрын
Hmmm😢couldn't make first 🥇 comments
@adolfsson2705
@adolfsson2705 Жыл бұрын
In forex how much is the mínimo to start? Cause Many outthere Say that You can blow your account .and some others that You can raise that account...so?
@anurag9808
@anurag9808 Жыл бұрын
@dabigM34
@dabigM34 Жыл бұрын
Is day trading allowed islamically? Is it halal money?
@michaelgatt7642
@michaelgatt7642 Жыл бұрын
If you don't have at least 25k to start I would say give prop firms a go and just pass their challenges and use their capital
@VortexSuper
@VortexSuper Жыл бұрын
How does one go about doing this?
@ラッセル9728
@ラッセル9728 Жыл бұрын
How
@ferg5938
@ferg5938 Жыл бұрын
@@ラッセル9728 chech ftmo, mff , tft
@willsmithjeanmary3845
@willsmithjeanmary3845 Жыл бұрын
Forex!
@Manaztradesfx
@Manaztradesfx Жыл бұрын
£100
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