8 Trading Rules To Become Profitable in 2024...

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  • Опубликовано: 19 май 2024
  • In this video, I am breaking down the 8 rules everyone should follow if they want to become a profitable day trader.
    I use TradeZella to track and journal my trades:
    www.tradezella.com/?via=umar
    Follow my socials:
    Instagram - / umarashraf
    Twitter - / umarashraf
    #daytrading #daytrader #trading

Комментарии • 758

  • @UmarAshraf28
    @UmarAshraf28  5 месяцев назад +802

    Hope everyone watching this becomes super successful in 2024. 🙌

    • @_captain6696
      @_captain6696 5 месяцев назад +12

      I’ll be back next year by this time

    • @GrowwithPriya0808
      @GrowwithPriya0808 5 месяцев назад +5

      Thank you for your support
      I can definitely becomes successful in 2024❤❤❤❤

    • @memecat84
      @memecat84 5 месяцев назад +1

      What you said in this video resonates so well with my errors... I keep fall back to my bad habits and emotional roller coasters. I need to watch your videos as if my success depends on each sentence.

    • @nasirahamed2321
      @nasirahamed2321 5 месяцев назад +4

      In sha Allah I ‘’ll be back next year this time sir ❤️

    • @NATURE03218
      @NATURE03218 5 месяцев назад

      I love this video ❤

  • @RitaMeyers-oc4le
    @RitaMeyers-oc4le 3 месяца назад +141

    Engaging in active trading versus long-term investing requires unique strategies for maximizing returns. Active trading involves frequent buying and selling of securities, aiming to capitalize on short term market fluctuations. On the other hand, long-term investing focuses on holding assets over an extended period, leveraging the power of compounding.

    • @leonardblavatnik2690
      @leonardblavatnik2690 3 месяца назад

      Absolutely, the key to successful trading lies in a well defined strategy and execution. Whether you’re a day trader or a swing trader, having a plan that includes risk management and exit criteria is crucial. It isn’t just about making profits but also involves minimizing losses and staying resilient amidst market volatility.

    • @nicholaslinetti
      @nicholaslinetti 3 месяца назад

      You’re correct. Although, It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

    • @nicholaslinetti
      @nicholaslinetti 3 месяца назад

      I have been in touch with a Financial advisor. With a startup of $ 100 k, my advisor chooses the entry command of my portfolio which has grown to approximately $ 450 k in some weeks.

    • @mitchellerashica
      @mitchellerashica 3 месяца назад

      I’m intrigued by your progress. Could you share some insights into your trading strategy or perhaps recommend any specific resources or mentors that have led to your success.

    • @nicholaslinetti
      @nicholaslinetti 3 месяца назад

      I consult with:-

  • @Faheem-Shah.
    @Faheem-Shah. 5 месяцев назад +22

    2023 was a warmup
    2024 will be our year ( trading edition )

  • @rodriguezolson4290
    @rodriguezolson4290 2 месяца назад +194

    Great content Umar, nice and informative video. I've been trading stocks with a broker for over a year now and I just hit the 700k milestone. I project to crack $2m by the end of this year 🤞🏻

    • @CarolJ.Sorenson
      @CarolJ.Sorenson 2 месяца назад +5

      It's always good to get financial planning from someone qualified. My FA, Ann Marie Celentano handles my trades and I've scaled from 150k to 935k within the past year.

    • @Meadley-ec8nz
      @Meadley-ec8nz 2 месяца назад +1

      I've searched the web for this lady you mentioned and I'm impressed. was able to leave her a message

  • @carmine_rosato
    @carmine_rosato 5 месяцев назад +138

    RISK is the #1 component to trading! Great video Umar 🙏

  • @jerrynovember
    @jerrynovember 4 месяца назад +27

    I like when you said have a strategy that’s 40-50 percent. This shows there’s no strategy that has a win rate of 80-90 percent!! You’re very realistic 👏🏽🔥

  • @ArmyJedi22
    @ArmyJedi22 4 месяца назад +13

    Very accurate. Especially the part about staying in your own lane with your own discovery of YOUR edge, and not consuming so much bs info out there.

  • @Gabriell900
    @Gabriell900 4 месяца назад +8

    2024 is my year that's for sure. I will come back for this comment on September first, 2024!📈📌

  • @techchannel9436
    @techchannel9436 4 месяца назад +5

    finally I see someone who talks sense about trading. As you said other 99% social media is just bullshit. Can misguide and make you develope bad habits and create even more confusion.

  • @kaizzeart6659
    @kaizzeart6659 4 месяца назад +9

    I really love your content dude. You talk about the key fundamentals behind a successful trader and not stupid stuff like "the perfect strategy"
    Like to lose weight you focus on your mindset. Not the diet
    In trading your do the same and not focus on the wrong things

  • @brandomaydom416
    @brandomaydom416 5 месяцев назад +2

    thanks for this vid man! been waiting for it!

  • @ChristFollower1111
    @ChristFollower1111 3 месяца назад +3

    I haven’t even started trading yet, but I’ve been devouring your videos and I’m sure they’ve already saved me mitigate or even avoid mistake before I start. THANK YOU!

  • @chiragjoshi2914
    @chiragjoshi2914 5 месяцев назад +6

    My trading is switched to loss to profitable by your teaching video TQ so much sir

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉

  • @828FX
    @828FX 5 месяцев назад +13

    Very true, have been working on my system for 3 years. Trading is very difficult, you either give it your all or don't attempt it. You need to understand the market and yourself as well. Great Video👌

  • @hritulnawale6213
    @hritulnawale6213 5 месяцев назад +7

    Thank you so much Sir, this video opened my eyes to some areas I never thought they'll be so important. Thank you so much ❤❤❤

  • @Victoria-oq5yc
    @Victoria-oq5yc 5 месяцев назад +6

    It is always a pleasure to listen to your content. Right on point !

  • @juliusduzinskas7203
    @juliusduzinskas7203 5 месяцев назад +2

    Man the 7 rule is golden, had multiple losses when was looking in social media it just messes with your head and you start dont listen to your strategy and do stupid things… keep it up best trading content from u 🎉

  • @IOJR17
    @IOJR17 5 месяцев назад +5

    I just started dipping my toes into the trade and market world. I have only been doing this for a month and found this very informative. I’ve been focusing my learning on what people have been sharing as bad habits or disciplines. Definitely moving slowly and learning first. Thanks

  • @miwakeronix
    @miwakeronix 5 месяцев назад +3

    I love these videos. No lie, I have watched the video “10 reason why you haven’t made money” at least 20 times to really get in my head and yes I will watch this and other one 100 more times!

  • @freebird5170
    @freebird5170 4 месяца назад

    Good one bro! Keep them coming!❤❤❤

  • @hawker358
    @hawker358 5 месяцев назад +5

    Great list. I would add one thought. Incorporate time frames to your trading plan and tracking. The market is a different animal at the open vs lunchtime. I have specific setups that I only use at certain times of the day. Cheers!

  • @vishalte
    @vishalte 5 месяцев назад +5

    I appreciate your being candid . You are one among the few who talks absolute sense and helps the beginners. Keep it up 👍🏻 🙏🏼

  • @AbahAjie
    @AbahAjie 5 месяцев назад +4

    Tq... After 3 years finally i found my edge.. 😅. I did not know why i did not see it early.. 😁

  • @taijuanderer
    @taijuanderer 2 месяца назад

    Always watching your video bro. And I learned a lot. Thanks.❤

  • @underrated_snkr_bs
    @underrated_snkr_bs 5 месяцев назад

    Awesome content.. Keep it coming. 💯

  • @Mathias13012
    @Mathias13012 5 месяцев назад

    Always a pleasure to watch your videos :)

  • @leopinero479
    @leopinero479 4 месяца назад

    Thank you for the info you share everyday. Keep up the good work.

  • @carlosV-uy4gg
    @carlosV-uy4gg 5 месяцев назад

    Thank you for all the Video you share with us, I learned a lot from you

  • @chewie1355
    @chewie1355 5 месяцев назад +1

    8:00 You are speaking to me!!! Directly. 😮

  • @terry4265
    @terry4265 5 месяцев назад

    Thanks for these Videos. It's appreciated. :)

  • @kevinaugscholl5309
    @kevinaugscholl5309 26 дней назад

    Thank you so much for this amazing video!

  • @gabbar_rj9996
    @gabbar_rj9996 4 месяца назад +2

    Love from India bro .... U r my super hero.. I learned lots of things from you. U are a real motivation for me.... No matter I am making losses but I am getting better day by day....one day I promise we sit together ❤️

  • @anukapraise9708
    @anukapraise9708 5 месяцев назад +7

    This video provides valuable information. While I've watched numerous RUclips videos on market trading. I haven't made much progress due to unclear instructions or stories of success that don't offer practical guidance. I want to avoid making mistakes by taking unnecessary risks.

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉🎉

  • @Zeeshu-56
    @Zeeshu-56 5 месяцев назад +2

    Such a great video ever ❤. Thank you umar bhai.

  • @AMANKUMAR-jt2hx
    @AMANKUMAR-jt2hx 5 месяцев назад +1

    please make a playlist on orderflow , explaining delta , max min delta , exhaustion and absorption with examples
    that would be awesome !!

  • @user-zq6kb1dh4m
    @user-zq6kb1dh4m 5 месяцев назад +1

    Thanks brother!! Nice content once again❤❤

    • @Umar-AutoHelp-Bot
      @Umar-AutoHelp-Bot 5 месяцев назад

      Thank you govin for the positive feedback 🤗! Please remember to leave a like on the video.

  • @eufemiavarona5435
    @eufemiavarona5435 5 месяцев назад

    Thanks so much, Umar, this is truly a helpful video. God bless you and more power to you.

  • @karenholt903
    @karenholt903 4 месяца назад

    Great video! Very helpful...thanks Umar.

  • @rickysomething3786
    @rickysomething3786 4 месяца назад

    I appreciate your content and advice.

  • @SamuelDauda_
    @SamuelDauda_ 5 месяцев назад +3

    One of the most legit content providers on RUclips. 🔥

  • @alexorozco2041
    @alexorozco2041 5 месяцев назад +3

    Great video thank for sharing your thoughts and process we all appreciate you keep the videos coming 🙏💪 can you make a video on supply and demand

  • @tomasgryczka5737
    @tomasgryczka5737 5 месяцев назад

    Thank you for helping all off us

  • @fariborzboss
    @fariborzboss 5 месяцев назад +1

    I really appreciate your content. Thank you so much for your support. This video greatly resonated with me. 🙏😊

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

  • @walinaveedzafar123
    @walinaveedzafar123 Месяц назад

    umar bro i consider you my mentor. thanks for helping us out

  • @MackMittenzTV
    @MackMittenzTV 5 месяцев назад

    Umar is my guy! I appreciate you brother!

  • @AhmedFarislive
    @AhmedFarislive 5 месяцев назад +1

    Amazing video today, i'm exactly in this level of trading journey that you mentioned today. I'm very thankful for you for every content that you present for us. every info that you give in the videos are highly important.

  • @bishnupokhrel15
    @bishnupokhrel15 4 месяца назад +1

    Hi Umar ,I love to watch all your contents which are immensely helpful for me as how should I approach the market. You said you will be coming up with a video as how to read DOM .Would appreciate if you could just take out time for that. Love from India .

  • @blackdiamondoffthegrid8703
    @blackdiamondoffthegrid8703 4 месяца назад

    Thanks for sharing! Be humble everyday or get pummel by the market! Lets go 2024!

  • @cami1sim
    @cami1sim 5 месяцев назад

    Your videos are really nice!!

  • @Diier_Ned
    @Diier_Ned 5 месяцев назад

    This is GOLDEN well done sir.!!

  • @Therealest65
    @Therealest65 5 месяцев назад +1

    Great content and a good path to be profitable, and successful 👏👏👏

  • @SL-gd6rg
    @SL-gd6rg 5 месяцев назад +3

    Bro your content is by far the most genuine on YT - I've come back to your videos time and time again throughout my trading journey and each time I learn something new! Thanks again for the content and all you do!

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉

  • @delhiitesyashyash561
    @delhiitesyashyash561 5 месяцев назад

    Thnx bro for all the help

  • @TownklerTrades
    @TownklerTrades 4 месяца назад +1

    I am getting back into trading and want to start a youtube channel to follow my progress.
    I absolutely love all your videos, and the fact you really understand the nitty gritty of how to express and communicate the right information.
    Do you have a disc or community where people can chat?

  • @arnoldtokwe
    @arnoldtokwe 5 месяцев назад

    On point brotherman 🔥🔥

  • @dealsxpress3152
    @dealsxpress3152 4 месяца назад

    Thanks alot man ❤

  • @rupindersingh2476
    @rupindersingh2476 5 месяцев назад

    Thank you for valuable knowledge

  • @DrErikka
    @DrErikka 5 месяцев назад

    Thabk you for your awesome content! Can you do a video in tradezella university on what platform you use to trade and how you set it up for stop losses? Or do you have that on other videos here? Thank you!

  • @tobykelley4888
    @tobykelley4888 3 месяца назад

    Great advice, thanks for the video!

  • @piercarloscalamandre5204
    @piercarloscalamandre5204 5 месяцев назад

    that's an amazing video! ty for sharing

  • @harishjangid3528
    @harishjangid3528 5 месяцев назад

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

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉

  • @kcwise55
    @kcwise55 5 месяцев назад

    Your tracks are meditative also.... Good for focus!

  • @elishaaneng6959
    @elishaaneng6959 5 месяцев назад +3

    Great Content.. Thanks Umar for always keeping it Real 💯. You changed my entire trading life once I started listening and following what you say..

  • @manishtiwariUK
    @manishtiwariUK 4 месяца назад

    Superb.. Thanks for guidance.

  • @gunjita333
    @gunjita333 3 месяца назад

    Great video! Thank you❤

  • @jesscassie1690
    @jesscassie1690 18 дней назад +7

    THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 56, my Wife is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.

    • @Philip_873
      @Philip_873 17 дней назад +1

      As with my big financial decision,it’s important to keep your guard up for economic risks.
      However, smart planning, time management and getting a professional trader can help keep you and your money safe.🎉

    • @johnathansteve6148
      @johnathansteve6148 15 дней назад +2

      Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments

    • @johnathansteve6148
      @johnathansteve6148 14 дней назад +3

      Whats'app

    • @johnathansteve6148
      @johnathansteve6148 14 дней назад

      ┼ 1

    • @johnathansteve6148
      @johnathansteve6148 14 дней назад +1

      33440.

  • @MMK-45
    @MMK-45 5 месяцев назад +3

    Hey buddy. I'm curious do you ever do an actual live trading on RUclips?

  • @TheStrataminor
    @TheStrataminor Месяц назад +1

    Journaling turned me around as I finally faced up to the fact that I had problems to deal with my mindset, entries etc

  • @Nilotpal.Sarma007
    @Nilotpal.Sarma007 5 месяцев назад

    Thank u for the video❤

  • @DasmSmash
    @DasmSmash 5 месяцев назад

    This video is a very VERY helpful tool for our journey. Thanks Umar

  • @catharinajohannavandebank5964
    @catharinajohannavandebank5964 4 месяца назад

    Good video, sometimes traders needs to hear this kind of teachings and not just how to trade to prepare themselves for the journey ahead.

  • @santokhsingh8133
    @santokhsingh8133 5 месяцев назад +1

    Contents in this video are very educational n helpful Umar.
    RM MM MS PB n consistency are the components which leads to be a pro trader in future.
    Thanks

  • @bonganijuniour1161
    @bonganijuniour1161 4 месяца назад

    Thanks for your advice

  • @sandesh0786
    @sandesh0786 3 месяца назад +1

    Thank You Sir

  • @Khalifapoii
    @Khalifapoii 4 месяца назад

    Thank u bro 🙏🏽

  • @chalknaht9032
    @chalknaht9032 Месяц назад

    Man, why did i only see your channel today?! Followed. I Enjoyed the content, already watched 3 episodes in 1hr

  • @ayaanlifts
    @ayaanlifts 3 месяца назад

    Thank you for this👍

  • @WalkingBankBone
    @WalkingBankBone 5 месяцев назад

    I needed to hear this 🔥🔥🔥

  • @dilipchoudhary4192
    @dilipchoudhary4192 5 месяцев назад

    Just watching You and Raja Sir I have Grown Nowww I have soo many Things fron you 2guysss Carzyy Growinggg Thank you for soo much learning.

  • @adarshgmani
    @adarshgmani 5 месяцев назад

    Thank you, I have watched as many videos of yours, question is beginner traders, should start where, stocks, options, futures(what future), maybe if you could please rate those in terms of risk management etc..sounding naive, but your assistance is greatly appreciated.

  • @sukhrajkhaira6267
    @sukhrajkhaira6267 5 месяцев назад

    You are the only guy I can listen to all day

  • @kukmarley
    @kukmarley 4 месяца назад

    Thank you Umar! Wish you even more success in your already outstanding career!! Greetings from Cape Verde Island, Africa!

  • @munniknieuwoudt1377
    @munniknieuwoudt1377 4 месяца назад

    Great video. Thanks!!

  • @rachasree
    @rachasree 2 месяца назад

    I believe this is one of the best orientation on trading. Thank you Umar

  • @sdct27
    @sdct27 3 месяца назад +1

    Incredibly vital information, 100% agree on these points.
    Thankyou for inspiring and educating aspiring traders worldwide with this very important and vital information when it comes to becoming profit in 2024🎉

  • @user-uz3kn1ng2f
    @user-uz3kn1ng2f 5 месяцев назад +3

    Hey Umar, could you show your settings for your imbalances in atlas? On which number do you have them? 400? And do you look for imbalances and absorption on the 1 min or 5 min chart? Could you make a video how your live trading, it would rlly help to we ur thought process and analysis process? Thank very much

  • @mauriceortegabent4165
    @mauriceortegabent4165 5 месяцев назад +1

    Thank you for this great video.

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉🎉

  • @preciousmaterial8151
    @preciousmaterial8151 5 месяцев назад +3

    I too much like this guy as one of the best, always making sense, keep it up Bro

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉🎉🎉

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉

  • @Thenarayanaclips
    @Thenarayanaclips 4 месяца назад

    Thank you friend for sharing your invaluable wisdom with us.

  • @englishglobally
    @englishglobally 5 месяцев назад +5

    Hi Umar. i've been in my trading development journey for just about 3 months and your incredibly well explained and simplified tips plus experience advice has been a game changer for me . Thanks man. keep it coming.

    • @Daisy-Travel-Vlog
      @Daisy-Travel-Vlog 5 месяцев назад

      ​Honestly he is definitely Among the best RUclipsrs and traders out there that I know but even after saying in his videos that he would personally start helping out his subscribers with there personal trades, he his still yet to respond to me on his Instagram .

  • @erkan4720
    @erkan4720 4 месяца назад

    Great video👏🏼👏🏼

  • @SirObi14
    @SirObi14 5 месяцев назад

    Fantastic video brother. Really good advice. You’re one of the real ones. Too many clowns and scammers in this space.

  • @LongTu167
    @LongTu167 5 месяцев назад

    Many thanks Umar!!!

  • @hamzashehu3421
    @hamzashehu3421 5 месяцев назад

    U keep drooping Gems ❤

  • @jroccondatrack0783
    @jroccondatrack0783 5 месяцев назад

    Love bro 💯 🔥

  • @juricanekic001
    @juricanekic001 4 месяца назад

    brother u have most quality channel about trading.

  • @prithvirajkajave5024
    @prithvirajkajave5024 3 месяца назад

    Your content is real🔥

  • @ugniusjankauskas7997
    @ugniusjankauskas7997 5 месяцев назад

    Thank you!

  • @umapuma2136
    @umapuma2136 4 дня назад

    This video is beneficial, thanks for the vid keep it up.

  • @user-uo8dq4jg7d
    @user-uo8dq4jg7d 5 месяцев назад +1

    thank you so muhc umar bhai . such a pure knowledge sharing with us.

    • @officalumar010
      @officalumar010 5 месяцев назад

      Get in touch 🎉🎉🎉🎉🎉🎉