10 Reasons Why You're NOT Making Money Day Trading (2024)

Рет қаралды 306,436

Күн бұрын

#trading #stockmarket #daytrading
I breakdown 10 reasons why you're unprofitable as a day trader and what you should do to make money trading.
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Chapters
0:00 Intro
0:16 No base education
2:07 No real edge
3:46 Strategy hopping
5:29 No discipline, no patience
8:14 Tight time horizon
9:59 Not tracking their trades
12:12 Understanding their trading psychology
14:15 Having unrealistic expectations
16:28 Don’t know how to lose
20:27 No risk management
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: 726

@UmarAshraf28 Жыл бұрын

I will make a video soon on how I track and journal my trades using www.TradeZella.com

@RaviSharma-wq8ik Жыл бұрын

Yes..please make a video on this topic. it is the most needed thing for us..

@moe_rs8399 Жыл бұрын

Yes please that would be very helpful

@kelibj3460 Жыл бұрын

need more info on tracking trades

@snuftv3698 Жыл бұрын

yes please, i need that . thank you so much

@amineabdallah6649 Жыл бұрын

Yes do bro thanks

@UmarAshraf28 Жыл бұрын

Hopefully you guys found value from this video. Give It a thumbs up + subscribe! Also let me know what issues you guys go through as traders!

@alechamid235 Жыл бұрын

I always find value in your videos. Keep them coming bro, and thanks.

@jonnatanpeinado3316 Жыл бұрын

Yes brother keep it up!, I’m learning a lot from you. Please make your next video on how to journal your trades.

@muhammadrizwan6629 Жыл бұрын

Of course it very helpful sir. Please sir give any clue to find valuable mentor. Please 🙏

@plutz3 Жыл бұрын

I need to journal but the issue is the cost of the software to track. It's a catch 22. To journal and analyze costs money, money a starting trader does not have. Maybe a video or process on starting Journaling. I would give anything to be profitable enough to afford your software.

@yuri0932 Жыл бұрын

Love the message❤ someday i will be profitable trader too!😊

@momoney4171 Жыл бұрын

1. Risk Management 2.A+ Setup when and Edge is presented 3. Discipline 4. Patience I have a problem with psychology discipline and being patient sometimes. I also have a problem with waking up early because of the job I have but overall I will overcome the obstacles sooner then I expect

@dog24 11 ай бұрын

same here 😔

@ishaquekc9393 8 ай бұрын

Same

@spottylofi Жыл бұрын

I've been trading for almost a year now. Last month, I finally had a profitable month. This month too, until i got greedy and lost everything (again). This video is just what I needed. Thank you.

@azharhassenamod8396 11 ай бұрын

This is the same problem i have. So each day i have a min amount set that if i lose this amount i stop. So as long as most days are profitable in a month....the days where i lose dont matter at the end of the month

@UmarAshraf28 11 ай бұрын

You’re welcome!

@Roaster-Note 11 ай бұрын

Same

@dmctechgamerz6565 11 ай бұрын

same here

@simbaevans.3301 10 ай бұрын

The fact that you had a profitable month is a clear indicator that you have potential to progress. Let's follow the advice of Umar and we will be consistently profitable

@josephpalakeel9104 Жыл бұрын

The real 🐐...all Umar cares about is creating success for everyone through simple but incredibly real education.

@liamlyall178 Жыл бұрын

Please keep these videos coming! Loving these and they are so helpful for me and I'm sure many others.

@uniqueavi91 Жыл бұрын

Umar literally spoon feeding the knowledge guys, don't disappoint him!

@the4thperson_ Жыл бұрын

@@TONI__KROOS try to be profitable for the 1st month the profit amount doesn’t matter...

@user-lt3bn5px1s 11 ай бұрын

thats true innit

@lilytea3 8 ай бұрын

0:00: 📚 Traders struggle to make money due to a lack of understanding and experience in the market. 3:29: 📈 Consistency in trade execution and strategy hopping are key factors in achieving profitability in trading. 6:58: 💡 Develop discipline and patience in all aspects of your life to improve trading skills. 10:18: 💼 Tracking trades and analyzing metrics is crucial for evolving as a trader. 13:42: 💡 Trading psychology is crucial for success in trading, and tracking trades and emotions can help identify and address mental and psychological issues. 16:50: 💡 The key to successful trading is being able to accept and manage losses. 20:32: 💰 Traders need to focus on risk management to be profitable. Recap by Tammy AI

@Javier_02906 8 ай бұрын

Thanks for the recap!

@wibes25 Жыл бұрын

Excellent webinar in my whole entire life ! I have attended many webinar but no one talk about risk management,money management,how to become discipline. Hatts off you sir ! ♥️

@jorgeteixeira1922 11 ай бұрын

I discovered you only a short time ago, and I think you do a remarkable job, clear, precise, very understandable and very honest. Well done and thank you. If you could make a video explaining how we should follow our trades, that would be really useful. I look forward to your next videos.

@wdemauro1 Жыл бұрын

So much good advice in this video! Thank you for putting this out there. The risk management segment at the end was especially helpful

@luisgaurano8828 10 ай бұрын

My biggest problem is I get stopped out; then I place another going the opposite way, but it goes to my original startegy and it worked but I flipped flop. This is my biggest problem; plus, another is NOT doing risk management. Your points here are all very helpful. I subscribed and I like beucase what you thought here is right-on the mark. tnx again

@rudyrivero2268 Жыл бұрын

These topics should be the first lesson as a trader to take. Appreciate it Umar!

@nicolasbenson009 8 ай бұрын

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

@RaymondKeen. 8 ай бұрын

In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

@RaymondKeen. 8 ай бұрын

I encountered Margaret Johnson Arndt through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.

@anythinggoodproducts 6 ай бұрын

You will die of hunger ...

@alfreduludo384 Ай бұрын

I would look into money market funds

@tradinglife948 Жыл бұрын

Dear Ashraf sir im a beginner day trader of indian market i trade in options i really found your channel very helpfull and u are a person on youtube who is not forcing us to buy there course and the way u talk u talk with sense and point wise highly appriciate i wish one day we will play with our lambo together .... ameeen

@luhanstrydom6786 Жыл бұрын

Love the information you share for free here. Helps me a lot.

@agronkasolli1259 Жыл бұрын

I think every video you making it seem to me it’s more an education than just e video ,much appreciated, thank you U..

@otoobongjohn933 Жыл бұрын

I'll appreciate the idea of you making a video on proper trade tracking and journalling

@gummy8034 Жыл бұрын

This guy is the goat and my difficulty is letting my trades run I cut profits to early

@hamidajdari3964 11 ай бұрын

Worth watching multiple times. Very helpful articulated points. Thanks for sharing

@callipto Жыл бұрын

There are so many tradzy peeps on YT that like the sound of their own voice, haven't got anything to say or are just not good at presenting clearly. Finally someone who's great at all of the above. I'm impressed ngl.

@vultur311 Жыл бұрын

One of best, honest video on internet about trading. Tell it like it is.

@nova01289 11 ай бұрын

Speaking truth about trading, i am becoming profitable now and that is only possible after i removed all the indicators and focused on journal and priceaction and my mistakes, Thnx bro .

@henryglory6158 Жыл бұрын

BEST video of the year. point blank period. explanation couldnt be done any better💯💯💯💯

@Thejackel1 Жыл бұрын

I've been in the trading world for about two years, and yes... I've lost money. But I've learned so much about myself during my losses. Definitely the best teacher. Now I've kept it very very simple. Swing trading. MACD, volume and EMA. Always look at last few day, weeks and months for lows and highs. My strategy is buy low always in red , and DCA if it goes lower, and sell in the green. I have my top ten that I trade only. With 2 potentials that I watch for weeks before I do any rotation from my top ten. Then patience. I could go into 2-3 trades and wait for even 2 weeks before profits. And that's OK. So from this video I say, Get to know yourself, set your goals realistically. Watch the charts and day trading for weeks and months to understand what youre looking at, place practice trades .And take your time.

@MarkyBretzy Жыл бұрын

Yes please Umar a video on trade tracking and journaling would be amazing

@karanhartim1080 10 ай бұрын

From then been following ,your content, and taking notes

@mandeepdalip Жыл бұрын

Amazing video Umar. Great stuff. Please go make a video and share about journaling, tracking trades and what all things are important metrics to measure

@rorinotengo173 Жыл бұрын

Gold! A video on tracking and analyzing trades would be great!

@itsme8475 10 ай бұрын

You are amazing Man! I have seen lots of "trading advice films" but this is "life tutorial" not only trading! Thank you.

@ElMonstruoJr Жыл бұрын

Such great information once again. Thank you Umar, ill see you at the top.

@piercoucy Жыл бұрын

After watching so many videos about trading in KZfaq, finally something that makes sense. Not that I believe anything that I hear, but these are simple and yet important truths.

@Iam-BruceLee Жыл бұрын

Spot on Umar! Loving the content. Two things I battled with early on was as you said, not cutting the trade at my mental stop and letting hopium take over leading to more of a loss majority of the time and the one that always bit me was going back in for another trade which almost always resulted in giving the days profit right back. Learning to take my profit and walk away for the day was key.

@streettacos7959 Жыл бұрын

Yes please make a video of how to track the trades! This video is one of the best ones man! Thank you

@ranjanp.n.8497 11 ай бұрын

No doubt... The BEST TRADING ADVICE i have seen my whole life

@istiaqueahmed8484 10 ай бұрын

These are the most important matters in trading that almost no one talks about. Everyone wants to show how easy is it is. Highly appreciate what you are doing. keep up the good work.

@Officialumar010 5 ай бұрын

Get intouch 🎉🎉🎉

@adityarajbhar7730 10 ай бұрын

Discipline in personal life ..Awakening points for me..The most important points.Thanks!

@250milliondman Жыл бұрын

I appreciate how honest you are thank you for sharing your knowledge with us.

@MrPotatoHeadFX Жыл бұрын

Yes, please man. Could you make a video about journaling and tracking. Awesome videos man. Thank you

@santanudutta454 11 ай бұрын

Cool pep talks, it helped me a lot in controlling my emotions. Thanks.

@mrz007 11 ай бұрын

It will be awesome for you to share with us how you track your data and journal, nobody really ever made an in depth video, like steo by step from the moment you place the trade on your platform, to the actual logging of it

@ishanphd6690 11 ай бұрын

I have been trading for years, have some success doing it. have been watching you for long. You are the most honest person talking from your heart. great advice. 🤘

@prarthanatamilselvan7109 Жыл бұрын

This video helped me a lot sir .... No one ever shares briefly sir ... Everyone is teaching strategies ... But this video only enough to become a profitable trader🙏

@ferrisabrams5357 Жыл бұрын

This for sure gave me a complete different outlook on how I viewed trading.. I appreciate this video so much.. Thank you for this

@saiddurra2944 Жыл бұрын

God bless you for your fabulous videos- you are the real deal when it comes to being a trader and mentor. I relate to all your video - your the most genuine person on social media giving trading advise

@blackdiamondoffthegrid8703 11 ай бұрын

Well! You hit all the important point of a successful trader should do! Thanks for sharing!

@sm-ye9sb Жыл бұрын

Thank you, your a good man every trader needs help what ever there experience considering the market is always changing.

@abdussalamahmed8748 Жыл бұрын

OUTSTANDING, EVERY ASPECT IS COVERED SO ELABORATELY.

@alexorozco2041 Жыл бұрын

keep the videos coming bro thank you.

@adrianbadorrey Жыл бұрын

i started looking Umar content not too long ago thanks to one of my trading mentors (waqar) and im loving all this content you are making Umar, thanks a lot. I would love to see a video about tracking and journaling

@successmindreal Жыл бұрын

Best video of the year explaining difference between pro, intermediate and pro

@Arjun.Trades Жыл бұрын

This was such an insightful video. So much value. I’m having two bad months and I’m feeling it honestly

@Officialumar010 5 ай бұрын

Get intouch 🎉🎉🎉

@Medina6767 7 ай бұрын

Thank you for hitting everything on the nail! I struggled with all! You have help me tremendously! ❤🙏🏾

@LeadingWrenLovely Жыл бұрын

Absolutely fantastic advice. These words of wisdom are now in my Trading Plan and I spent a couple of hours on this video to properly understand this. Thanks Umar :)

@MarketsProtocol-wx6eg 8 ай бұрын

I have an important business update for you.

@Officialumar010 5 ай бұрын

Get intouch 🎉🎉🎉

@khulekanithela7207 Жыл бұрын

Thank you broe, your content is equipping us so amazingly. From 🇿🇦 South Africa.❤

@anilpanwad Жыл бұрын

How organised way of describing Yes sir u are correct Trading is knowing urself better

@okebasi12 Жыл бұрын

overtrading which is caused by focusing on target instead of focusing on continuous improvement{which i"m learning from you recently}. You see my attention has been on strategies all these years. i now know that the strategy is not the major problem. Trading psychology{which involves personality improvement and personal discipline not only in the market is absolutely important}, and then managing the lot size. Even with an average strategy I think when the above is put to their place someone can still break even. But, please i personally need a complete tutorial on option sir. I truly appreciate you. I have just seen everything i need to improve my trades. Thanks a lot sir

@carl-auguststaud8839 Жыл бұрын

Thanks Umar so much for your professional advice. So true !!! 🙏👍🙂

@ahnafthaqeef4316 Жыл бұрын

Loving those tips, well said brother.

@rogerover72 6 ай бұрын

Trully good advice...! We as people carry our own " troubles " to the table and it reflects on trades...! All happy to win, very sour to lose...! Your advice its been helping me a lot on how to deal with my trades...! Im not longer upset when i lose and im not excited when i win...! By eatching your 10000000 videos i became a better person...! You transmite that inner peace by way you talk and express yourself, so thank you...! since i started i learnt so much about myself...!

@terrywilliams2349 Жыл бұрын

Great video this was helpful!! I struggle with the Fear of losing smh

@eidatiyeh7952 Жыл бұрын

these videos you have been posting lately are amazing

@Dubai-wj6jb Жыл бұрын

One of the best trading advice video, so informative...❤❤❤

@RakeshKumar-fm9cr Жыл бұрын

Top notch content ! Thanks man

@blacksglguystravelingabroad 9 ай бұрын

Thanks for the info. Amazing stuff. Looking forward to the video tracking your trades.

@bballah9969 Жыл бұрын

Excellent video my friend thank you kindly 👍🏼

@drago7147 Жыл бұрын

Breaking down how to journal a day would be fantastic

@grigorsimonyan8784 Жыл бұрын

Great info Umar. Very good job.

@okebasi12 Жыл бұрын

I can't wait please, i personally need it more than anyone else

@federicocappello7325 7 ай бұрын

I’ve just discovered your channel, incredibly high quality wow… i’ll catch out all the other videos too. Thanks for your work

@green_eyesmoney3802 Жыл бұрын

Wonderful advice! A collection of detailed ideas or what to do and not to do for both new and experienced traders

@Officialumar010 5 ай бұрын

Get intouch 🎉🎉🎉

@dmctechgamerz6565 11 ай бұрын

I think most things that you've mentioned hit me hard:)..I am a new subscriber and you are an eye-opener. Thanks bro

@nazimgallo8803 10 ай бұрын

Thank you for sharing more knowledge.

@TheOutlierMale Жыл бұрын

I've seen you up your videos quality recently and I grinded through your vids cuz they are helpful, your hard work has paid off man

@larrymarshall3543 Жыл бұрын

Yes we want a video on journaling and collecting data on your trading stats

@hahuynh3653 Жыл бұрын

Thank you for your teaching 🙏

@cameronoko4344 Жыл бұрын

Great video Umar, if you could make another video focused on the edge that would be fantastic!

@SihleSithole-dn3yc 11 ай бұрын

Thank you bro am really struggling and am not journaling my trades

@minarajabali2598 7 ай бұрын

Yes please help with tracking and journaling 🙏 thank you for all your doing

@ralfklijzing33 Жыл бұрын

Very useful video! Thanks Umar 😀👍

@keithwilliams942 Жыл бұрын

Tracking trades video, YES !!

@simbaevans.3301 10 ай бұрын

Thanks. This is really helpful to me .I appreciate it

@simonhuber6859 Жыл бұрын

Another piece of complete value!

@anshdoshi10 5 ай бұрын

extremely well-spoken comments on trading, keep it up, Umar!

@coulibalykakparidjogni4397 11 ай бұрын

Thanks a lot! Great content

@rob2530 Жыл бұрын

Thank you. Really great advice. 🤝😊

@cuttingedgecool7235 4 ай бұрын

Thank you Mr. Ashraf for explaining in detail what is required mentally and emotionally to develop and grow as a trader.

@skynosaka 6 күн бұрын

Every trader should be listening to this guy. He’s one of the only guys on line speaking truth with any bullshit.

@jarepondio Жыл бұрын

Awesome content ! Loved it

@AkshitBenara Жыл бұрын

THE BEST VIDEO ON INTERNET… THANKS FOR SHARING YOUR EXPERIENCE UMAR❤… IT’S REALLY REALLY HELPFUL 😊

@labzakdxb28 Жыл бұрын

Love your content 👍🏾👌🏽

@MohamedNagy-ke9ef 10 ай бұрын

Thanks umar for such informative video and for sharing your trading wisdom insights with us.

@benphan772 Жыл бұрын

Thanks for your knowledge and time !!!

@heckerevil6867 Жыл бұрын

thank you such an amazing video it makes me see my mistakes

@mitchelltaylor661 11 ай бұрын

The last part helped with the loss on my last trade, stupidly held way longer than I normally do thinking it would eventually change 😅. Realised that it wasn't changing any time soon and balied before it went down more my stop loss was further than what I got out at so watching this video made it feel like a win as I didn't lose what I was already prepared too and learnt a valuable lesson 😂, I'm using a small/tiny account and mentally adding the zeros on to get an idea of what it would be with a larger account is definitely making me realise what I'm on with losing.

@Officialumar010 5 ай бұрын

Get intouch 🎉🎉🎉