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

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  • Опубликовано: 22 дек 2024

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  • @UmarAshraf28
    @UmarAshraf28  Год назад +175

    I use www.TradeZella.com to track and journal my trades :)

    • @faraj3159
      @faraj3159 Год назад +6

      Hi Umar! Do you know a guy in London who can mentor? Or a guy who knows a guy?

    • @praveendrajee9328
      @praveendrajee9328 Год назад +1

      I am unable to use journal from trade zella

    • @Quantum-1157
      @Quantum-1157 Год назад

      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 Год назад +1

      Hello sir.. can you help me please

    • @IsawCHRIST
      @IsawCHRIST Год назад

      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 🙏 😊

  • @kaushitwakafidi
    @kaushitwakafidi 10 месяцев назад +63

    "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 10 месяцев назад

      i love it especially when he said over the 100 years 😂😂at 14:34

    • @Prem.Kumar.1
      @Prem.Kumar.1 Месяц назад

      Yeah 😂 sometimes it happens ​@@NotMurPh

  • @ankitsanga3295
    @ankitsanga3295 Год назад +141

    "Don't get too excited and don't get too sad " is the KEY.

    • @deanontheinterwebs
      @deanontheinterwebs 8 месяцев назад +1

      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).

  • @UmarAshraf28
    @UmarAshraf28  Год назад +371

    Hope you guys found value in the video and like the new format :) If so, please give the video a thumbs up

  • @omaraziz1299
    @omaraziz1299 Год назад +14

    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 Год назад +21

    keep going, keep grinding, keep learning. adapt, survive, thrive.

  • @jdrip2158
    @jdrip2158 Год назад +106

    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 Год назад +7

      Im deep into year 2 and its brutal lol But i can see light at the end of the tunnel 🙏

    • @timj4755
      @timj4755 Год назад +1

      Thank you

    • @vojavucinic
      @vojavucinic 8 месяцев назад

      The 1% make it because they do not give up!

    • @cjfalco8779
      @cjfalco8779 7 месяцев назад

      just how nipsey would put it lol

    • @brucebradburyIII
      @brucebradburyIII 4 месяца назад

      Really? Man I needed to read this.

  • @srinivasdandibhotla5544
    @srinivasdandibhotla5544 Год назад +7

    Content is millions of dollars of worth. It speaks for itself.. God bless

  • @waheed7288
    @waheed7288 Год назад +8

    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 Год назад +9

    Thank you for sharing! Your generosity means so much to us. May God bless you as you continue your journey!

  • @riddle-official-1
    @riddle-official-1 Год назад +66

    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 Год назад +2

      Started making profits yet?._.

    • @Quantum-1157
      @Quantum-1157 Год назад

      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!

  • @DelilahWilliams-z1p
    @DelilahWilliams-z1p 2 месяца назад +745

    How can I make good profit as a beginner starting with $4,000 ~io6

    • @George-u1v
      @George-u1v 2 месяца назад

      As a beginner, it's essential for you to have a guardian to keep you accountable. I'm guided by Amanda Katherine Nakitare

    • @Dominic-y6e
      @Dominic-y6e 2 месяца назад

      Don't rush in rather seek expertise like Amanda Katherine. Growing a port-folio is complex

    • @GabrielleSmith-l4k
      @GabrielleSmith-l4k 2 месяца назад

      I racked up so much losses trying it on my own. Amanda really saved me from myself

    • @Elijah-d2l
      @Elijah-d2l 2 месяца назад

      Finding someone truly skillful is hard. I'm happy to see that a lot of people found Amanda

    • @Eleanor-d8h
      @Eleanor-d8h 2 месяца назад

      Same here. Amanda managing myportfolio was my best decision. Gotten more than half a million since

  • @Joeknowsball247
    @Joeknowsball247 2 месяца назад +588

    As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

    • @williamJohnsonq8f
      @williamJohnsonq8f 2 месяца назад

      I would advise the counsel of a seasoned financial pro. It may seem expensive, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra

    • @AaronTilt
      @AaronTilt 2 месяца назад +2

      Many individuals overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $550K, despite inflation.

    • @camille_ann3
      @camille_ann3 2 месяца назад

      Could you let me know how I can get assistance from your advisor? I need help with allocating my portfolio right now.

    • @AaronTilt
      @AaronTilt 2 месяца назад

      The advisor am currently working with is Judith Lynn Staufer. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.

    • @AaronTilt
      @AaronTilt 2 месяца назад +2

      Sure you can! Judith Lynn Staufer is the financial advisor I work with. Just search the name. You’ll find necessary details to work with to set up an appointment.

  • @jsajeev3046
    @jsajeev3046 Год назад +38

    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!

  • @Sonoran_Trader
    @Sonoran_Trader Год назад +10

    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 Год назад +1

      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 Год назад

      Get intouch 🎉🎉🎉

  • @SurfsFlatTrader
    @SurfsFlatTrader Год назад +4

    I’m binging on all your videos this weekend. Thank you Umar for the great videos! 🤙

  • @floop2935
    @floop2935 Год назад +7

    This young man inspires me to continue persevering and learning to trade! 🙌

  • @thedenus
    @thedenus Год назад +5

    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 🙏

  • @kamyacarrington
    @kamyacarrington Год назад +245

    " Always think about your next 100 trades ". This is something that's going to stick with me forever.

    • @BoeIs_HERE
      @BoeIs_HERE Год назад +10

      I think my whole trading mindset just changed for the better. 🙏

    • @Officialumar010
      @Officialumar010 Год назад +1

      Get intouch 🎉🎉🎉

    • @mmse1183
      @mmse1183 8 месяцев назад +1

      Whats that supposed to mean?

  • @StockGoUp
    @StockGoUp Год назад +4

    Thank you Umar. You're really really helping me stay positive right now.

  • @KyleGameTesting
    @KyleGameTesting Год назад +4

    Thanks, brother this is amazing! Appreciate it Umar!

  • @brazooka2904
    @brazooka2904 Год назад +3

    Thank you for sharing your knowledge. Been following you since 2020 and your one of the FEW REAL ONES.

  • @chris-pj7rk
    @chris-pj7rk Год назад +11

    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.

  • @HH_Linkmusic
    @HH_Linkmusic Год назад +60

    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 Год назад

      me too

    • @swingtrader369
      @swingtrader369 Год назад +3

      Psychology is the biggest success element in trading. But never forget knowledge and skills also needed.

    • @namede6210
      @namede6210 Год назад +1

      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 Год назад

      Get intouch 🎉🎉🎉

  • @ajhatfield02
    @ajhatfield02 Год назад +3

    I love the real honesty. It spoke to me. Thanks Umar 🤜🏻

  • @Forexfourfive
    @Forexfourfive Год назад +9

    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 Год назад +1

      so does that mean you’ve beat the market for 3 years straight

  • @Knerti2
    @Knerti2 Год назад +1

    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

  • @mfundorode7240
    @mfundorode7240 Год назад +4

    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 Год назад +1

      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 Год назад

      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

  • @AaryyanVivek
    @AaryyanVivek Год назад +1

    Thank you for these videos! They are so helpful Umar Bhai!

  • @EverythingRealEstate.
    @EverythingRealEstate. Год назад +9

    Huge Gems💎 bro! These 7 lessons of yours will remain timeless for all traders who want to succeed! Much Love ❤

  • @harrya.lewissamara336
    @harrya.lewissamara336 Год назад +2

    Since the second I heard you speaking, I thought, this man has something I want and I wasn't wrong, thanks for sharing this type of videos 🎉❤

  • @BoeIs_HERE
    @BoeIs_HERE Год назад +13

    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 Год назад +4

      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 Год назад +2

      @@HEC892 I would interpret that as knowing market direction.

  • @arman_bag6670
    @arman_bag6670 Год назад +2

    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.

  • @freyasourt4173
    @freyasourt4173 6 месяцев назад +35

    One of the most impressive aspects of Michael Hugh Terpin's trading prowess is his keen understanding of market dynamics. He possesses a deep knowledge of various cryptocurrencies, their underlying technologies, and the broader economic factors influencing their value. This comprehensive understanding enables him to make well-informed investment decisions that consistently yield positive returns.

    • @clarajohnson7091
      @clarajohnson7091 6 месяцев назад

      Terpin's approach to trading is not just about making profits; it's about mastering the art of the trade. His deep understanding of market dynamics, coupled with an unwavering commitment to research and analysis, sets him apart as a true luminary in the field. Terpin's ability to identify lucrative opportunities amidst market fluctuations is truly awe-inspiring.

    • @janetgarretson3253
      @janetgarretson3253 6 месяцев назад

      *HISWATHSP NUMIS*

    • @janetgarretson3253
      @janetgarretson3253 6 месяцев назад

      *+1*

    • @janetgarretson3253
      @janetgarretson3253 6 месяцев назад

      *60721*

    • @janetgarretson3253
      @janetgarretson3253 6 месяцев назад

      *85498*

  • @G-Forex
    @G-Forex Год назад +1

    WOW!.. I mean... I'm just glad to be alive and hear from you!

  • @antonioalexander8563
    @antonioalexander8563 9 месяцев назад +121

    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 9 месяцев назад

      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.

    • @RayGab-hf4jl
      @RayGab-hf4jl 9 месяцев назад

      Crypto is bringing a different revolution in the world of economy, people who are optimistic investors earn consistently... other just sit and watch

    • @nicholas5796
      @nicholas5796 9 месяцев назад

      How do I get in touch with this your coach?

    • @nicholas5796
      @nicholas5796 9 месяцев назад

      Thank you, I'll contact her right now

    • @stevegallardo5092
      @stevegallardo5092 9 месяцев назад

      When someone is good at what the do people will always talk about them , this information is helpful for my situation as I have been on looses in the crypto market I need guidance.

  • @amerbiro5411
    @amerbiro5411 Год назад +2

    Umar, you are amzing man
    Thanks a lot from the bottom of my heart
    I am looking forward for more videos like this

  • @amirmht8029
    @amirmht8029 Год назад +5

    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.

  • @syedimam3615
    @syedimam3615 7 дней назад

    Excellent and honest advice! Seems like someone who has gone through the motions and has learned over a period of time.
    Well summarized!

  • @RobertSimpson-p8u
    @RobertSimpson-p8u Год назад +3

    Thanks for sharing your knowledge, I’ve been through all the stages you speak of and just moving upwards!

  • @JEEPCHEROKEE-u1v
    @JEEPCHEROKEE-u1v Год назад

    I LOVE YOU RECOMMENDATIONS FOR THE GROWTH OF OUR JOURNEY AS A TRADER

  • @AdamHunts
    @AdamHunts Год назад +6

    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.

  • @dr.stephenk5892
    @dr.stephenk5892 9 месяцев назад

    Thats a damn great talk. I need to watch this every trade morning. Thanks Umar!

  • @joetube-s5b
    @joetube-s5b Год назад +3

    you can tell he is legit, somewhat rare in the youtube day trading space

  • @tomjung7
    @tomjung7 Год назад

    bro your a very smart guy love your knowledge it helped me so much in trading listening to your wisdom~ thank you 🙏

  • @daniellehayashi9616
    @daniellehayashi9616 Год назад +8

    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

  • @HonestRecaps
    @HonestRecaps Год назад +7

    i love these videos umar! thank you for all you do!

    • @UmarAshraf28
      @UmarAshraf28  Год назад +6

      Thank you for your support Alex! :) I have a lot more videos coming out, what topics would you like for us to focus on?

    • @HonestRecaps
      @HonestRecaps Год назад +1

      @@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!

  • @amirperrymusic
    @amirperrymusic Год назад +20

    Thank you for making this! I just started to try to take this serious and I've been putting too much pressure on myself.

  • @nazimgallo8803
    @nazimgallo8803 Год назад +1

    Hi, I have been trading for a bit over a year and everything you said in this video is what I have experienced in my trading so far. I am grateful for the advice and I am a person that like to learn. I thank you Sir.

  • @nicolasbenson009
    @nicolasbenson009 Год назад +3

    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. Год назад

      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. Год назад

      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.

  • @anuforpraisengyiah5682
    @anuforpraisengyiah5682 Год назад

    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

  • @abtrades8460
    @abtrades8460 Год назад +39

    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 Год назад

      ruclips.net/user/shorts62NKTh1lSak?feature=share

    • @rahulchaudhary2491
      @rahulchaudhary2491 Год назад

      Whats the name of that last podcast bro??

  • @harshverma4931
    @harshverma4931 7 месяцев назад

    best video as a trader that i have seen till now, if you know about trading

  • @faustinomartinbertolo622
    @faustinomartinbertolo622 Год назад +7

    One of the best traders in the public world. Thanks for all the value the best vibes for you

  • @novamanzana2261
    @novamanzana2261 8 месяцев назад

    the fact that i'm already familiar with everything you've said makes me feel like I'm on the right route.

  • @mehakbhoria1947
    @mehakbhoria1947 Год назад +8

    Anyone can teach technical analysis but the main game is psychology, doing it well , looking forward to see much of this stuff👍

  • @rajgrewal151
    @rajgrewal151 Год назад +1

    Bro learned a lot from you. Started to spot spy gapping up on thinning volume on 1 min chart to predict falling down. Shifted to forex now as I am more consistent and manage risk better there

  • @Franziska_M
    @Franziska_M Год назад +6

    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.

  • @fatman6641
    @fatman6641 Год назад +1

    Best video you’ve ever made much love thanks you for this beautiful content. Gonna keep this in my notes.

  • @combat.trader
    @combat.trader Год назад +17

    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 ❤

  • @QTCrypto
    @QTCrypto 3 месяца назад +1

    The fifth make me attenntion so much. Nice thing to be a trader

  • @mohamedelsayed7703
    @mohamedelsayed7703 Год назад +13

    THE LEGEND WHEN HE TALKS LOVE U BROTHER

  • @AkasMajhi
    @AkasMajhi Год назад +12

    Highly valuable advice. Especially liked the 'setting up non-money related goals'. For me, May is the month of 0 random trades.
    Thank you.

  • @dorjeelama989
    @dorjeelama989 Год назад

    This guy is the real deal
    Unlike most of these people on youtube
    Excellent video thank you, sir

  • @tonysilke
    @tonysilke Год назад +4

    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 Год назад +2

      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 Год назад +2

      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 Год назад +2

      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.

  • @ernesttarango4974
    @ernesttarango4974 6 месяцев назад

    I've been trading for less than a year and have learned quickly, despite some losses. I watched your video and found it incredibly accurate in describing what someone goes through in this process.
    Your insights aligned perfectly with what I was already working on correcting. Your experiences and mistakes mirrored my own and what I'm currently addressing.
    Thank you for sharing your experience and journey in trading.
    Ernest

  • @darrelljones4070
    @darrelljones4070 Год назад +13

    I'm still in demo , working to become a Prop Trader , I been writing down , my bad trades and mistakes! The video was very helpful , I plan to apply some of your strategies to my journaling ! Thank you

    • @plumbing-away
      @plumbing-away Год назад +2

      Don't stop tracking everything. It will make you better. Good job for doing demo account first. It takes many years to become a professional profitable trader

    • @eliaskoldingwilkens3763
      @eliaskoldingwilkens3763 Год назад +5

      Start an small account, to get the feeling of losing real money.

    • @AndreaGabriele-ku6im
      @AndreaGabriele-ku6im Год назад +1

      @@eliaskoldingwilkens3763 Exactly

    • @umeshkumawat8446
      @umeshkumawat8446 Год назад +1

      @@eliaskoldingwilkens3763 Well said🙌

  • @Odinoji
    @Odinoji Год назад

    the best video i ever seen on trading and ive been doing it since 2010. subscribed.

  • @MagicalGamer
    @MagicalGamer Год назад +30

    Love your video thank you

  • @dragonfart777
    @dragonfart777 Год назад +1

    Very true and helpful, it sucks when you are failing and just randomly trade, it effects your mood and you will be gloomy all the time

  • @elvd7437
    @elvd7437 Год назад +8

    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 Год назад

      Humans never reveal their secrets. Human beings are greedy.

  • @NeroForte_
    @NeroForte_ 3 месяца назад

    Blessed is the hand that giveth than the one that taketh. Be blessed bro thanks for this

  • @MilonDewan-v7m
    @MilonDewan-v7m Год назад +15

    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.❤️❤️

  • @blueheart978
    @blueheart978 8 месяцев назад

    Needs this Umar. Thanks 😢 fingers crossed I’ll make it

  • @mohammedhashim2419
    @mohammedhashim2419 Год назад +12

    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.

  • @7timesmmachampion
    @7timesmmachampion Год назад +1

    Thanks for uploading it Umar ❤❤❤

  • @Snypa-007
    @Snypa-007 Год назад +4

    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.

  • @macnasty1729
    @macnasty1729 Год назад

    This is probably some of the realist trading content I've heard

  • @girifilmmaking6240
    @girifilmmaking6240 Год назад +18

    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  Год назад +8

      Thank you for your support and good luck on your trading journey!

  • @umarfarooq-np3mq
    @umarfarooq-np3mq 10 месяцев назад +2

    you are my mentor i very learned in this video

  • @thomashen587
    @thomashen587 Год назад +14

    Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

    • @matthew54811
      @matthew54811 Год назад

      Congratulations.

    • @matthew54811
      @matthew54811 Год назад

      I will love to be your friend dear as well as sharing some i dears which you're benefiting.

    • @thomashen587
      @thomashen587 Год назад

      Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
      Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.

    • @Isabell196
      @Isabell196 Год назад

      Hey how good are your earnings I will like to get some insights into trading thank you.

    • @thomashen587
      @thomashen587 Год назад

      Currently i can attest to the fact that I
      make $18,300 weekly through trading
      which is more better then my monthly salary job. Trading becomes my passive
      income.

  • @karimnanji4163
    @karimnanji4163 Год назад +1

    Excellent.. Thank you and all the success to you and your family.

  • @aarona6854
    @aarona6854 Год назад +4

    Great advise. You articulate everything so well 👏

  • @kanishkbaisoya2867
    @kanishkbaisoya2867 Год назад +1

    Respect For Such A Deep And Real Knowledge

  • @chicagoconcertchannel4031
    @chicagoconcertchannel4031 Год назад +7

    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.

  • @isaiahmartinez4168
    @isaiahmartinez4168 Год назад

    Love these videos Umar, thank you for sharing your wisdom with all of us!

  • @TheCodGuyA
    @TheCodGuyA Год назад +6

    Hello from Finland! Im 24yrs old investor and im very into trading. Its been a several months that I havent done any trades but this video gave me motivation to keep going. Thank you

  • @anvarrahimov6082
    @anvarrahimov6082 Год назад

    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!

  • @datdarkside
    @datdarkside Год назад +11

    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.!

  • @chewxinh
    @chewxinh 4 месяца назад

    thank you for this great video, im about to re-enter the market and this is exactly what i need to hear to regain my confidence!

  • @chirag4589
    @chirag4589 Год назад +5

    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 ...

  • @JjakeTradesFx
    @JjakeTradesFx 9 месяцев назад +1

    After 10 months of trading ive passed 3 props and am funded officially but the next step is a payout and thats my next milestone. Just gotta keep at it and focus.

  • @olisehanineh
    @olisehanineh 10 месяцев назад

    Finding your videos very helpful, so much value every time. Thank you @Umar Ashraf

  • @NguyenHieu-cb5yg
    @NguyenHieu-cb5yg Год назад +2

    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 Год назад

      This guy is lying he has made $15m in 10 years!

  • @phinaal1889
    @phinaal1889 Год назад +1

    Love your videos Umar. You are the most genuine trading youtuber!

  • @BevarlySofia
    @BevarlySofia Год назад +6

    *Excellent insights !!! I find it difficult to trade, is incredibly hard.... I've been trying to grow my portfolio of $200k for some time now, my major challenge is not knowing the best entry and exit strategies. Any suggestions ... I would greatly appreciate any suggestions*

    • @Amelia94411
      @Amelia94411 Год назад

      I suggest you venture into trading with professional trader Mr Morris. He's strategy and skills is very exceptional. Making profit will be easier for you and he will also teach you how to trade and achieve good profit. I have personally achieving good profit of $15,000 every week trading with Mr Morris. Which speaks volumes about him

    • @BevarlySofia
      @BevarlySofia Год назад

      I'm a beginner where can someone reach Mr Morris.

    • @Amelia94411
      @Amelia94411 Год назад

      *@morris1961 👈🏿^^^^^^that's it 人人人 "*

    • @FRANKCHIBEX
      @FRANKCHIBEX Год назад +1

      Trading as a newbie is quite stressful and discouraging but I'll linking up to your coach. This is useful info❤

    • @PhilipWood-eo6fn
      @PhilipWood-eo6fn Год назад

      Am not supprised Mr Morris name was mentioned. what impresses me about Mr Morris is how well he explains basic concept of winning before actually letting you use he's trade signals. This goes a long way to ensure winning trades. I receive $500 daily trading with him

  • @longdarkhair7886
    @longdarkhair7886 10 месяцев назад

    I get so excited when My trade is doing good and I’m right about the market direction.

  • @gregsanty1777
    @gregsanty1777 Год назад +17

    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.

  • @raskidon
    @raskidon Год назад

    This is an A1 well detailed video, I need put this video on watchlist, to watch it every morning b4 I trade.

  • @nolancamacho8291
    @nolancamacho8291 Год назад +7

    This is Great Advice..Managing Emotions and knowing yourself and being comfortable with your risk tolerance is very important..I realized I am a longer-term position trader not a Day Trader...I will apply these concepts to try to be successful in trading...