I Made $61k Day Trading This ONE Strategy | Full breakdown
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- Опубликовано: 14 июн 2024
- In this video, Umar Ashraf breaks down how he made over $61K shorting SPY by trading options.
Umar's Socials:
✅Umar's Instagram: / umarashraf
✅Umar's Twitter: / umarashraf
✅ TradeZella Instagram: / tradezella
I use TradeZella to track my trades.
www.tradezella.com/?via=umar
TIMESTAMPS
0:00 Intro
1:05 Game Plan
4:30 Strategy $50K
9:00 Lessons and tips
DISCLAIMER I am not a financial advisor and anything that I say on this RUclips 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 #optionstrading #livetrading
I use www.TradeZella.com to Track my trades
which is your broker?
I’m confident the current market has an equal possibility of making high-value gains or losses, so I'm cautious with my selections; but, I heard that a trader made over $250k in this recession influenced market, and I could really need ideas on how to achieve similar profits.
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
Having an investment adviser is the best way to go about the market right now, especially for near retirees I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $320K during this dip, that made it clear there's more to the market that we average just don't know.
@@logisticsdelivery That's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you?
@@victorcardi2019 Yes, you can use a search engine to hunt for Susan Lorraine Curry. However, I'm not certain that I can bring this up. In 2020, she attracted a lot of attention. She manages my portfolio and serves as my mentor.
I want to build wealth and I’ve been trying to learn things like this. I watched this whole video and barely understood it idk if my brain just can’t learn this stuff or what.
Becoming a good trade takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
@@jenniferkyle6036 When did start finding consistency? ..and more honest question is how long would a rough expectation be to find consistency for a new day trader?
@@tradekings5433 I started becoming more consistent in 3 phases, first was when i killed greed, then i became more patient, but he must important part was when i started working with a coach who made me understand the importance of avoiding FUD, FOMO AND HERDS mentality. with her entry and exit strategies i was able to grow $10k to $70k in 5 months in a well diversified portfolio.
@@jenniferkyle6036 How can i get to this person that helped you?
@@tradekings5433 I am guided by Susan Agnes Hancock. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Your videos are always on point ❤ You and Gary Joe Wilde are highly recommendable investing pros every investor who wants to get rich investing must work with Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
I prefer Gary's method
For a few months now I have been searching tirelessly for information on how to start investing. I even payed $1000 for a course that I now regret. It appears that there is no structured guided for beginners on how to get started in this realm. I've came across several investors making well over $250k/annual and would be grateful if anyone on here could provide insights on how to get started, identity potential stocks, when to make an entry, exit etc.
Keep it simple in the beginning. Buy something, like an index fund, and hold. Educate yourself in the meantime and elevate your risk tolerance over time.
In order to make profits from trading you need loads of experience and a well defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! This will help you spread risk.
Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again.
@@grantluna8336
Who is your financial advisor or coach, do you mind hooking me up?
@@avarichardson3540 The adviser I'm in touch with is *Rebecca Catherine Schmidt* she works with Merrill, Pierce, smith incorporated and interviewed on CNBC Television. You can use something else. For me her Strategies works. She provides Entry and Exit point for my securities I focus on. Look her up on the internet
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
it's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan preferably with expertise assistance.
@@veniceblackwood2931 Yeah, more reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach 2years and counting.
@Alice woodward talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
@Alice woodward Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
The content and learning we get in your video is amazing
Thanks for the breakdown. Amazing video
The line between bold and reckless can be thin. I realized that Investing in the market is one of the the best ways to grow our money and beat inflation over a long time horizon although some knowledge is required it's probably less than we think
@@saulgoodman_98 Wondering why smart investors are still in ETFs? Maybe they should listen to their brokers who are paid transaction fees and don't pay taxes? Ya think?
Financial advisory seems like a great idea these days, by generating wealth and generating envy. Perhaps they go hand in hand; wanting to surpass your peers can be the fuel of hard work.
But life isn't any fun without a sense of enough. Happiness as it's said, is just results minus expectations
In the event of a market collapse dividend stocks will go to zero. The market will close long before that happens
@@Yagoob_sudan I am not going to panic. I am 49 and I have a $550,000 portfolio, I sold my losing positions and moved to more defensive instruments and I never looked back as advised by my fiduciary financial advisor, *’Erin* *Ann* *Boothroyd’* Partnered with Fidelity Brokerage Service LLC. For me she made up a wild narrative justifying my past decisions and attributing bad outcomes to risk. However, if someone can’t stomach losses from tips, there’s always the option to buy individual tips and hold them to maturity, she said.
I know, no doubt on her statement, i will make time reaching her out on web
I recomended a financial advisor to you guys sometime ago can I get a person who invested with her?
Hey
I actually did invest with her I made huge profit thanks for the recommendation
Wow I'm so glad I withdraw my first profit two days ago now I have another ongoing trade with her
I saw the recommendation but I didn't bother chatting her up
Who made profit for you, am really looking for a good professor who can manage my account and make me huge profit
@@mooredarcy5089 Personally, I trade with Geraldine Ann Philips her services are exceptional and her returns are great
Thanks ya bro, very informative.
thanks for great advice !!!
Simple, reliable, scalable, and consistent - that’s what I look for in passive investments and VRITKN300 continues to deliver. Mike Flaherty and the VRITKN300 team do the heavy lifting, generating competitive returns for investors in the form of both cash and peace of mind
Am i the only one who still doesn't understand
how forex and crypto trading works, how do
i get started with trade and what's the best
Everyone thinks btc is kinda easy but
CASH.
Growing an account requires dedication
and patience
a life account. All i can say is that easy.
I thought of Investing in btc some time
ago but was discouraged by my friends.
I have been Investing
and trading and still yet to earn my first
profit. what strategy did you use pls?
Mrs Alisa Herbert, trading
services strategies is working for me at the moment and am making good
profit from forex and crypto trading.
Hello. Stunning info. When you talk about 10am is that US time. I'm in South Africa
Does anyone know how make the option price to be populated in the Tradingview? I asked the support from TV and they say they don't support the option price at the moment.
All I can say is that nothing beats expertise when it comes to trading.
Sounds like you’re stating the obvious here. I was headed down the rabbit hole when I started out myself. It was truly a blessing after I got help from a pro.
@@Pambegay I've got it in mind to make some money on the side too but I'm green to trading and I need help. How did you do it?
@@Ferocious923 Levi Clemans has exceeded my expectations just months into working with him as my fiduciary overseeing my investments in stocks, and I-bonds. As long as you diversify your portfolio, any single stock that you own shouldn't have too much of an impact on your overall return. He's the go-to guy! You can get across to him
Leviclemans(a)Gmai
Lcom...Is he taking commissions for trades? Yes, I’m I still making money in the process? Hell yes!
@@Pambegay It wasn't difficult to get through to him. You're kind.
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 7 btc and 15ETH from day-trade with VRITKN300 Crypto in few weeks
I think the concept of trading the middle of a move is pretty amazing... You do not have to know everything about where price is headed to make great profits. See the play and where you wanna catch it, set that R/R and let it run to your desired target.
How do you know where the middle is?
@@Zanko.Razdar highs and lows
step by step i realze everything... i want nothing else more than trading and get into the matrix of opporturnities! Lets move forward anyway! i Appreceate that buddy!
>>>>>>>> I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@aishatuabdullahmuhd1088 You are right! I diversified my 500K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.5m in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@chandlerethan9567 How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?
@@chandlerethan9567 Please I'm very much interested. How can I get touch with this coach, i really want to give her a try.
Saw this trade on your story, was excited for the break down!
HI Umar. As a novice...do you always enter with a Limit order in SPY (which I have found to take a while to fill) or if there is not much spread and good volume, do you enter at Market?
with limit orders, you wanna buy at the ask and sell at the bid. you should get a fast order then. and make sure your options has good enough volume/open interest so that it can be liquidated
Thank you sir 👏
Hello Mrs Clarissa the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategies...
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Clarissa I think that she is the best broker I ever seen
When you invest with genius like Mrs Clarissa you don't have any other choice then to keep winning she trading strategies are very productive and reliable. I made quite a huge profit today all thanks to Mrs Clarissa
Hello 👋
How favourable is the market now I want to invest in cryptocurrency
Can I start with $3000
Hello am from Wales, my partner just approved my trading... Can I write her directly on WA
I would like to work with your trader, how can I connect with her?
Yes of course , she's always active on WhatsApp 👇👇
This a great video, I learn alot watching your videos and it has been helpful to me. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started forex and crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio.
Thanks so much Mrs Lora Friedman
Keep up with good videos.
This is not the first time I am hearing of Mrs Lora Friedman and her exploits in the trading world but I have no idea how to reach her.
As a first time investor I started trading with her with just a thousand bucks. my portfolio is worth much more than that now within just weeks of trading with her.
I have traded with a lot of individuals but I have never come across anyone as good as Mrs Lora Friedman, just by applying her strategies I now trade independently. she is the best I'd advise any novice in investing to trade with her.
Amazing I also just started trading with her, she is the best at what she does with an initial investment of $1400 i made up to $5230 in just a week of trading with her, her strategies are mind blowing
Great teaching
Thanks for all those advises, but i got a question, why do you lose 17k on the first position and you risking 22k on the second one? Do you not risk the same amount like 0,5 or 1% on each positions?
Thank you Umar, this is so great! What I have learnd is to trade far less as I do. Always on a loss I get so emotional bad and I trade on and on and overtrade far too much. Then I loose more than on the first loss and having a bad mind and huge loss. Then I cry again... Have to overcome this.
It makes sense<, BTC and crypto is off helping to regulate, rather that pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. And benefits they were unaware with before turn out to be far more beneficial. Few if any rug pulls. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 16` btc from day-trade with VRITKN300 , Crypto in few weeks
Does Zella work even for Indian indices and stocks?
it takes big balls to open a new trade in the same direction if you've just lost 17k
I lost closely 4 lakhs in trading due to lack of experience, but l'm a successful trader today because of the best Indian trader. I’m 100% honest that he's the absolute solution to beginners who complain about losing money trading.
Amazing that you know him too. It's only been a few months with him, my portfolio has grown tremendously and i've been making alot of profit
The crypto market is facing a key moment right now, in a very short time it's gonna see a breakout to new record highs. This is a critical moment that every Investor needs to be aware of buying more With the current market trends, Investing in bitcoin now would be a very smart move to make as it's gonna skyrock soon....🌈
having a good idea is very important when it comes to trading, with out a proper understanding, trading can be very frustrating
Crypto currency and Nfts will outsmart the banking system in the nearest future serving as a global fiat. Already making over 75per profit from my current investment
Very interesting content, I believe investing now with the current Bitcoin price will be a good idea for a better future
nice video please what is the best way to start cryptocurrency investments and get good profits. I've been doing my personal research for a while now and still don't know where to start
I wish have a crypto mentor to help me trade and make profits
thanks for the free game great video
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Who's your coach?
You can communicate with him on tele-gram.s with the username.
Jossyrobert
you nailed it !!.. I've lost so much in the past trying to trade on my own. I'm glad I took a positive turn last year when I got in touch with Mr Robert through a colleague's recommendation. I've recovered all I've lost from 3 bitcoins to 12 bitcoins.
I'm glad I got into crypto when I did because it was my financial turning point. It was my best decision so far
As an independent man I started my first investment plan with just a $1000 and now earning weekly income of $4830 in cryptocurrency exchange with my personal broker.
Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?
Bitcoin has been falling for a while now and it might keep falling or decide to rise again. The truth is no one knows, I believe it’s right time to make purchase and also get the assistant of a professional
@@colleenballinger5919
I will recommend my current trader Mrs. Brenda Wagner; she is from USA and her strategies are earning a lot profit for me.
You can communicate with her on telgram, with the Username below.
You shorted a support but no take profit chosen beforehand?
I have used this program for several years as my primary investment management tool. Other programs have not had the versatility or breadth of coverage. The customer support is solid VRITKN300
Thanks for the update and keep doing what you do. My journey in the current market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of a few months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Florence Osborn has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get burned.
Thanks for sharing her telegram handle, i’ll surely reach out to her and start learning the right way, tired of loosing from price drops.
Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works.
this is not the first time i am hearing of Florence her exploits in the trading world.
No one, NO ONE, can argue Florence Osborn at least currently, the best out there, even when Bitcoin is looking bearish with the market sentiment swinging low. But they kept us grounded with their real analysis, just the facts in the charts.
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Allison Breward..
I invest with Mrs Breward.too, she charges a 15% commission on profit made after every trading session which is fair compared to the effort she put in to make huge profits
I stumbled across one of their testimonials and decided to try them out. I am expecting my third payout in 3 days
I'm happy to see Mrs. Allison Breward.. mentioned here, my spouse recommended her to me after investing $6500 and she has really helped us financially.
@Logan Ava You can communicate with her on tele-gram with the user name below
'INVESTWITHBREWARD
I don't think entering low of the day was the issue, the issue was waiting for confirmation of it definitively breaking the range, a combo of breaking of day and confiring breaking range would have a good chance for market to dump hard.
Breaking of day?.. always just called that "dawn"
How come all your profits are only being shown on your own little tracking site? Guess it wouldn't matter unless you showed us on TOS since the TD website can just get some HTML editing magic
Ignorant comment. You will get nowhere behaving like everything is a lie or scam. Before developing beliefs and solidifying them to yourself and others, do your research. Umar has made a high amount of live logins to prove what he says about trading is credible. Tradezella Is a trading journal product that Umar made as well which pulls data from brokerages using API. He would not do 'HTML editing magic' to impress you. That's a life lesson my friend
@Shaun you're completely right. He actually owns the "TradeZilla" product. The whole point of his RUclips is to get you to sign up for it which is $400 a year! He's a fraud and is making money off of this product and not actually day trading 😂😂
@@kueyt2744 lol he's selling a product not actually day trading. He makes money off of people like you. If you watch the video there's no meaning to what he's saying it's just a bunch of meaningless terms with no strategy. High frequency trading firms wipe the floor with day traders money. People who think day trading is real are just donating to hedge funds.
@@SP-go6ljjust because you don’t know how to trade does not mean it’s fake
Getting money is an issue that everyone has in order to live a better and more luxurious life. Life was difficult for me until I began trading crypto(Bitcoin) and stocks. Now am earning a lot of money even with the current CRASH happening in the trading market, I still make lots of profits using a better strategy.
How? I'm new to cryptocurrency investing; could you kindly walk me through how you did it?
I copy trades of a U.S regulated expert trader name "Sir Tyler Kevin Homan" on my own trading account, and at the end of the month I give him a percentage from the profits he makes for me as agreed upon while i get increased exposure on how he navigates the market.
@@jose-fischer that's great, please what's copy trading and how does it work?
Reach out to him on telegam using the user name below for more information you need to know about copy trading!
@@luis-gabriel1 EarnwithHoman,
Umar heyyy.. I got really fan of you. and I am soo happy that I got you as mentor though the think which left and feel missing is meeting you in real. I know it is quite impossible for you to complete my wise but I wish. and Dont worry not for asking anything. Just wanna spend a hour with you. Lots of love.
WHAT PLATFORMS ARE YOU USING BRO ?
DRINK SOME WATER BRO
Love your amazing Content🔥🔥🔥
Learning so much…It’s quite difficult sometimes to trade when you have little or no time for yourself but thankfully Sharon Garcia’s copy trade service has been of huge help to me. I’ve been making pretty good gains just copying her trades
I totally agree with you! I joined Garcias Copy trade service in February. It’s one of the best decisions I’ve made this year . Her trading strategies are very impressive
trevincarmen561 I juggle between 2 jobs and taking care of 4 kids . Barely any time for my self, it’s crazy man
Does copy trading still work?
@@jorgemckenzie584how did you join the copy trade
@@fryenescotte2669 yes it does work really well
I have all of the background. I don't have the simple things. I don't know the platform, I don't really understand options chains and all of that, never looked into it.
I always wonder, looking at the chart as it's playing, because of how I make my levels, why people don't see it. So, can you weigh-in? How do I capitalize on my ability to see the market moves before they happen. A good day for me scalping ETFs is 3 to 5K. To have a 50k - 70K day would be insane.
Do you trade 0 DTE only?
Big Boy❤
Simple Dow Breakout strategy🎉
I don't understand how the first trade was a loss - I am just trying to learn, someone please explain! It looked liked he predicted it to go up and it did, so I thought he made money instead of losing 17k.
he took a short meaning he predicted the stock was going down
Is R the total amount of the purchase, or is it the stop loss amount?
Risk to reward in ratio
really the best one
Your first trade was logical Bcz there is chance to fill gap downward. A TL could save a ton by exiting when the TL is broken upwards.😂
How much did Umar make in terms of R! Lovvvve that. Respect my man
Good morning sir
How could he go wrong?.. he listens to Rondo do his daily SPY synopsis over at the Lune Market every morning.
Whats your 10 am In Pakistan
if you tell reasoning behind your moves will be good to hear your thoughts :)
What percent it was
Which broker allows a daytrader to risk $17k on a single position?
All of them
600 contracts of SPY at $408 is effectively controlling $24 million worth of the stock. Insane level of risk
Papertrading?
@@stevensteven3417trading same day expiration options with that much at risk….no way a sane person would do that with real money. Unless you have billions.
Wait, how did you risk 1k for 3.5k??? that’s a crazy return no?
He's playing "options" "puts" and "calls"... They somehow multiply your profits *&,* unfortunately, your losses if they don't go your way. You have to REALLY know what you are doing to successfully play options. Most career traders recommend you steer clear of options until you have 3 or 4 years under your belt.
So you had no plan then....
Man the amount of spam comments on this is wild
Watching this when spy is at 439 and jobs report coming tomorrow. How ironic
I wish there was a spam block feature on YT that blocks all of the fake broker guru glazing comments so I can see all the actual real people commenting about the actual video
umar mera pas you are starting in urdu lol😅
Your proving your profits on your own company's website 😂😂😂😂
so you think he edited his profits? how dense are you lol
🤣🤣🤣
this is fake
Noob
Real helpful information. How old are you, 12?
LOVE IT! RISK REWARD RATIO LFG!❤🔥❤🔥❤🔥
Even though he made $61k, because of wash sale tax rule, he will have to pay short term capital gains tax on $77k he made and the earlier loss of 17k cannot be offset since he made the profit using the same ticker. Am I right?
this is a terrible video man
so, you have some videos about different strategies…. why?
Good morning sir