Let me tell you that, I blew up my account 1 year back and lost all confidence in trading. It was ur RUclips interview that brought me back and gave me some idea and ever since then I have been studying and doing analysis on my own. building my eq curve slowly and steadily. All thanks to you bro.👍cheers!
I can correlate this with my last three years' trading. First, my account performance was not consistent I used to pick trade here and there. But now I follow my trade plan, pick trades where PnL at least 3:1, buy trigger bracket order ie. set profit and stop-loss as soon trade become active. Now my performance curve is steep upward.
funny thing is i know this but i needed someone to paint it for me like you just did... I made my 3 year loses back in 2 weeks flipping into positive then withdrawing chasing the amounts i had set me right back... This is good motivation i think alot of us struggle with this chasing that quick buck blowing accounts though if we just take it slow we'd always be up . . . thank you bro...
I agree with that what you speaking. I am doing forex 2 years from now. I blowed so many account with real money. Then i learned risk management and now my account growing up consistently. I will be next millionaire on the forex market in the middle of 2023. I have a plan. :-) with risk management.
Brother, this is the video I've been searching for, I'm exactly at this spot. It's so frustrating. I have great days and wipe it all away with one bad trade
The first time when I saw your channel I thought Oh man other guy trying to teach trading saying the same shit. But now I'm pretty sure you're legit man, so thank you for sharing your ideas and stuff like this because it is helpful for people who are trying to start a real trading career. I'm also a professional trader and I really appreciate what you are doing. Greetings from Spain.
Erratic vs. Slow and gaining + compounding - my choice is clear for too many years erratic 😂 great video thank you focussing on slow and steady is my mission 🎉🎉🎉
Umar, for me personally, anytime i take profits early the market goes in my direction even more and it really hurts. but when i try to hold my profits and make them run, the market comes back to wipe my gains. this is the only piece im missing in my trade.
Thanks a lot Umar for such nice videos. Your videos really help all of us in trading. None of the other youtubers are making videos on the emotional aspect..which we can relate to.. Thanks again for such an amazing content..Atleaset I am now able to take control over my emotions while trading and real life too .... Respect from India🙏
Spot on Umar thank you this help me a lot for this week I didn't trade today because of last weeks loss this gave me inspiration to finally be more organized and implement my risk management!
Keep sharing all that knowledge bro , cheers form Colombia I'm putting together savings to start maybe one of your options online course I'm fully interested problem is actually not earning much so I can purchase the course , I know it'll be life changing 4 sure 🙏 God Bless u
You don’t need a course if you know technical analysis and support & resistance. Just scalp with options and look to make 5-10% of your investment on each trade and you’ll grow slowly but surely. Thinking you need a course is procrastinating when all the resources are out there for free. Use that course money to trade, good luck
Im from an Arabic family A poor family Life never gave me any gift I have to work like hell juste to survive But someday... Someday I will do it I'll be part of that I will be free I will be successful
Good stuff brother. Quick question tho 🙏. If my account size is 1000 and my risk is 1%(10$). Does this mean I can take several positions with a 10$ risk or just one position with a 10$ risk. Thanks in advance
I noticed my risk is kinda on point i keep variating between 2.5% and 3% and i keep a strict target and follow it so i let my winners run, my main issue is not knowing when to reduce my speed and my trading and not trade that time, HOW DO WE GET TO KNOW WHEN NOT TO TRADE UNTIL YOU'VE ALREADY TAKEN A TRADE? Because in 1min time frame we can find a lot of plays usually, how do we get to know that?
If you’re confident in the setup then trade it, if not don’t. Set a realistic profit target for the day and walk away after you reach it. Don’t over trade and get greedy, that’s when you make mistakes and blow your account up
Let me tell you that, I blew up my account 1 year back and lost all confidence in trading. It was ur RUclips interview that brought me back and gave me some idea and ever since then I have been studying and doing analysis on my own. building my eq curve slowly and steadily. All thanks to you bro.👍cheers!
Glad to hear it bro! Cheers
My first 6 months trading has definitely been a combo of not allowing my winners to run and not cutting losers quick enough.
Yea my equity curve looking kinda crazy rn too lmao
Friend I don't know English, but thanks to the youtube translator, I just saw one of the best management classes! Thanks for your time!
I can correlate this with my last three years' trading. First, my account performance was not consistent I used to pick trade here and there. But now I follow my trade plan, pick trades where PnL at least 3:1, buy trigger bracket order ie. set profit and stop-loss as soon trade become active. Now my performance curve is steep upward.
funny thing is i know this but i needed someone to paint it for me like you just did...
I made my 3 year loses back in 2 weeks flipping into positive then withdrawing chasing the amounts i had set me right back...
This is good motivation i think alot of us struggle with this chasing that quick buck blowing accounts though if we just take it slow we'd always be up . . . thank you bro...
I agree with that what you speaking. I am doing forex 2 years from now. I blowed so many account with real money. Then i learned risk management and now my account growing up consistently. I will be next millionaire on the forex market in the middle of 2023. I have a plan. :-) with risk management.
Brother, this is the video I've been searching for, I'm exactly at this spot. It's so frustrating. I have great days and wipe it all away with one bad trade
Underrated video. This info deserve to be seen!🔥
The first time when I saw your channel I thought Oh man other guy trying to teach trading saying the same shit. But now I'm pretty sure you're legit man, so thank you for sharing your ideas and stuff like this because it is helpful for people who are trying to start a real trading career. I'm also a professional trader and I really appreciate what you are doing. Greetings from Spain.
Erratic vs. Slow and gaining + compounding - my choice is clear for too many years erratic 😂 great video thank you focussing on slow and steady is my mission 🎉🎉🎉
Umar, for me personally, anytime i take profits early the market goes in my direction even more and it really hurts.
but when i try to hold my profits and make them run, the market comes back to wipe my gains. this is the only piece im missing in my trade.
my equity curve is aggressively down trending lol
Another home run! Such good content for a beginner trader. Thanks Umar!
Thanks for the information its give me a reason to look back my trade and my loss.🙏
🙏🙏🙏
That's gold! Thank you for the video, Umar!
Thanks a lot Umar for such nice videos. Your videos really help all of us in trading. None of the other youtubers are making videos on the emotional aspect..which we can relate to.. Thanks again for such an amazing content..Atleaset I am now able to take control over my emotions while trading and real life too .... Respect from India🙏
Thank you! I'm glad they help you!
finall umar made podcast for us...keep going boss!
ONLY FIRE, MA SHA ALLAH! love these educational video's, I think a lot of us can relate to things you say and take advice with that particular part :)
This is gold!
Spot on Umar thank you this help me a lot for this week I didn't trade today because of last weeks loss this gave me inspiration to finally be more organized and implement my risk management!
Glad it helped! 💪
We want more vids on risk management.
Great video. Thank you
How do you recognize these equity curve phases? How will I know when to back off and step back on the gas?
this will really gonna help me
thank you so much
great great great information .. thank you
this video is a guide to build your account
Great learning videos. Really appreciate it Umar !!
This video is gem
🙏🙏
I appreciate what you're doing, mate. Can you share how you plan a trade?
Thanks!
Excelente información gratis muchas gracias eres un grande !!
thank u sir
Keep sharing all that knowledge bro , cheers form Colombia I'm putting together savings to start maybe one of your options online course I'm fully interested problem is actually not earning much so I can purchase the course , I know it'll be life changing 4 sure 🙏 God Bless u
You don’t need a course if you know technical analysis and support & resistance. Just scalp with options and look to make 5-10% of your investment on each trade and you’ll grow slowly but surely. Thinking you need a course is procrastinating when all the resources are out there for free. Use that course money to trade, good luck
@@HouseofCM23 heyyy heyyyyy Man you're right if you want it bad enough you'll find your path , thx a lot I'll hear your advice appreciated so much
can you make a video about getting an edge in the market?
Please do support and resistance video
Thanks ..sir
Wow a lot of value here bro
Thanks! 🙏
This video was made strictly for me
bro i love your videos. can you make a video on how do you think 5G might change the trading game? Thanks
Right on!!
thanks for actually teaching in your channel instead of showing off your bling like other youtubers
True
Thanks for the support! 🙏
THANKS bro
This is so true!
🙏🙏
Nice shirt bhai whered you get it from? :)
Im from an Arabic family
A poor family
Life never gave me any gift
I have to work like hell juste to survive
But someday... Someday
I will do it
I'll be part of that
I will be free
I will be successful
Go get your dreams. And good luck.
You got this!! 🙏
Was risk management a big problem with you when you started?
There are exceptions to the rule!
Good stuff brother. Quick question tho 🙏. If my account size is 1000 and my risk is 1%(10$). Does this mean I can take several positions with a 10$ risk or just one position with a 10$ risk. Thanks in advance
1 position, $10 risk. if you take 10 positions each risking $10 then you're risking $100
I grew my small account %60 in about 20 days and gave it all back in a day yesterday. drawing board
I noticed my risk is kinda on point i keep variating between 2.5% and 3% and i keep a strict target and follow it so i let my winners run, my main issue is not knowing when to reduce my speed and my trading and not trade that time, HOW DO WE GET TO KNOW WHEN NOT TO TRADE UNTIL YOU'VE ALREADY TAKEN A TRADE? Because in 1min time frame we can find a lot of plays usually, how do we get to know that?
If you’re confident in the setup then trade it, if not don’t. Set a realistic profit target for the day and walk away after you reach it. Don’t over trade and get greedy, that’s when you make mistakes and blow your account up
My equity curve looks like the cup and handle pattern lol
only sharpe ratio matter bruh
summary
slow down to go fast
Hello sir Umar do you have online class this period?
Is that his official whatsapp maam?
@@ernolyn6806 15612995903
@@ernolyn6806 WhatsApp him
That ugly curve is me right now hahaha
Nope.
Hi Umar, how could I join your discord, thanks!!
Lmfao, I hope he sees his new phone number down there too
when you start making consistent money this channel might be alright sadly you have about 3 to 5 more years of experience to go
Take away: consistent loses will bring profits ;)