How I Day Trade Like a Business

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  • Опубликовано: 2 май 2024
  • #daytrader #business #tradingeducation
    In this video I breakdown how to day trade like a business, step by step.
    I use TradeZella to track and journal my trades.
    www.tradezella.com/?via=umar
    Follow my socials:
    / umarashraf
    / umarashraf
    Chapters:
    0:00 Intro
    1:18 Have a business plan
    1:38 What markets do I want to trade?
    2:26 What assets do I want to trade?
    3:04 How much am I willing to trade with?
    4:38 How much will I risk per trade?
    6:50 What does my strategy look like?
    9:17 Track your trading progress
    11:52 Have a Process and Structure
    13:57 Conclusion
    #daytrading #trading #tradingpsychology

Комментарии • 567

  • @UmarAshraf28
    @UmarAshraf28  9 месяцев назад +531

    If we can get this video to 5K likes, ill make a video walking you guys through my full "Trading Game Plan" and show you the ins and outs.

    • @user-gf8sg7yo7i
      @user-gf8sg7yo7i 9 месяцев назад +10

      That day where to get the order book and footprint charts

    • @UmarAshraf28
      @UmarAshraf28  9 месяцев назад +45

      @@user-gf8sg7yo7i Coming next Sunday, we weren't able to put it together in time for today but next Sunday its coming :)

    • @dunktimetm6216
      @dunktimetm6216 9 месяцев назад +4

      ⁠@@UmarAshraf28yeah im waiting to know how to get access to order flow chart and footprint

    • @kalpeshbhatt2853
      @kalpeshbhatt2853 9 месяцев назад +1

      Kindly make videos for Indian market too because as these markets don't support price action in and very uncertain

    • @kalpeshbhatt2853
      @kalpeshbhatt2853 9 месяцев назад +1

      And also guide in your video as scammers using your name

  • @mentarisaputra5049
    @mentarisaputra5049 12 дней назад +58

    I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..

    • @justinhudson6561
      @justinhudson6561 12 дней назад

      That's awesome

    • @justinhudson6561
      @justinhudson6561 12 дней назад

      Which source/platform did you use to earn such huge sum of money?

    • @justinhudson6561
      @justinhudson6561 12 дней назад

      As I know it's possible, I'd appreciate it if you showed me how to do it.

    • @mentarisaputra5049
      @mentarisaputra5049 12 дней назад

      It was with the help of Cassandra Roberts i am who i am today

    • @mentarisaputra5049
      @mentarisaputra5049 12 дней назад

      I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts

  • @totallysick88able
    @totallysick88able 9 месяцев назад +107

    I found it helpful to take screenshots of all my trades (wins and losses), post them in a word document and type out the process of that trade. I’ll add trend lines and arrows and even circle things on the chart. This really drills it in to my head so I don’t keep making the same mistakes. It also refines my trading strategy because I see what’s working and what isn’t.

    • @joshuaoladele758
      @joshuaoladele758 8 месяцев назад

      Nice 👍

    • @ETW-sw7rs
      @ETW-sw7rs 7 месяцев назад +2

      yeah I make a slideshow every morning on premarket thoughts, today, yesterday, and tm analyisis, my plan and scenarios, my thought process and trades and after day analysis

    • @Brucato
      @Brucato 6 месяцев назад

      I have just startet doing the same using notion. But i make drawings and comments on the chart inn tradingview and then downloading into folder inn notion. Its crazy i did not do this from the start 😢

    • @Fuse_bulb558
      @Fuse_bulb558 6 месяцев назад

      From this shir you can identify the problem we can solve it and make rules based on the strategy

    • @MackMittenzTV
      @MackMittenzTV 6 месяцев назад

      I do the same thing!!! Tradezella allows you to take screen shots also!

  • @edemasuquo4775
    @edemasuquo4775 8 месяцев назад +9

    Most newbies wouldn’t want to watch this but this is what they need first even before getting a broker/exchange. Top notch

  • @Guillermo535
    @Guillermo535 8 месяцев назад +9

    If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...

  • @elvispresley3234
    @elvispresley3234 8 месяцев назад +27

    New 61 yr old sub here. As a retired (at 48) business owner ( producing and managing 4mm per yr) I can say that this young man has it down. He is successful because he is methodical and pays attention to the "boring". If you don't know your numbers and methodology you will not succeed. I have taken the last 13 yrs off in order to be with my three kids as they traversed school and their teen/young adult yrs. My last is headed to college this week and I am jumping back in the game of business. I look forward to immersing myself in your content because you, young man, make sense. I wonder if you have a program for someone new to trading? The long term i.e. 12 month plus side of investing I am fairly well acquainted with. Thank you.

  • @user-bv2me1uq1c
    @user-bv2me1uq1c Месяц назад +151

    AMZ45G will be one of the biggest projects in the future. 2024 will be on fire

  • @Houdaifacls
    @Houdaifacls 4 месяца назад +12

    Bro my trading has completely changed once i started watching your videos ❤❤

  • @angelgutierrez9875
    @angelgutierrez9875 8 месяцев назад +11

    being with you over the years I love how your content has evolved to this point. Amazing

  • @archie1514
    @archie1514 9 месяцев назад +52

    This couldn’t have came at a more perfect time. Just passed my evaluation for a funded account. This served as a great guidance. Thank you Umar!

  • @jqtrades
    @jqtrades 9 месяцев назад +20

    Only started seeing some progress when I realized this is how trading should be done a month ago and your video made me have more conviction that I am on the right track. Thanks Umar!

  • @blackdiamondoffthegrid8703
    @blackdiamondoffthegrid8703 9 месяцев назад +5

    100% on the money treating as a business. I’m a self employ pretty much my entire life and the last business we built was a food business. So I use my background and apply to trading specifically futures. It keep me focus and reaching my goal.👌

  • @zethleano
    @zethleano 8 месяцев назад +5

    your videos are so amazing Umar ! its an eye opener for those traders struggling out there ! keep it uppp

  • @DailyMotivationBread
    @DailyMotivationBread 9 месяцев назад +18

    Yes bro facts. If we want our business to become highly profitable we got to have an business plan and an excellent risk management 💯👊🏻 #1 trade mentor

  • @robertsiudak9668
    @robertsiudak9668 9 месяцев назад +4

    Thank you Umar! Love your Trading Journal! 🙏

  • @VikashGH
    @VikashGH 9 месяцев назад +7

    Great video! Thank you for providing this framework to make it more easy for us beginners 🙏

  • @KnowledgetoDiefor
    @KnowledgetoDiefor 8 месяцев назад +14

    Brother Umar , wow ! What an amazing video. This is exactly the kind of video any new trader would want or even old traders who lost the path somewhere to come back to the basics. Sometimes the solution is right in front of us but we don’t see that, this video gives all the insights to what any trader who wants to be profitable trader should be doing. Kudos brother! Just something personal too , I really hope brother you focusing on your imaan too with trading and get stronger everyday in that too. I pray the best for you brother, assalam alaikum from India.

  • @younesssiouda9562
    @younesssiouda9562 9 месяцев назад +2

    The honest Trader in RUclips. Thx Mrs Umar

  • @isaackhan5730
    @isaackhan5730 9 месяцев назад +5

    Amazing video!! Insane amount of value will be rewatching this often.

  • @sunnyd9341
    @sunnyd9341 9 месяцев назад +4

    Excellent Content as usual! Keep up the great work!

  • @kirkholmes9316
    @kirkholmes9316 2 месяца назад

    I don't know how I missed your series when I started trading last September. I'm glad I'm watching now anyway! They ring true and are helping me better and more quickly work thru the noise of the markets and is pushing me to just be better with the things I need to be better with in life in general. I appreciate you!

  • @LongTu167
    @LongTu167 9 месяцев назад +3

    Amazing video, many thanks Umar. Have a great weekend !!!

  • @ElectroCrunkKidz
    @ElectroCrunkKidz 8 месяцев назад +5

    Love the video as always, I guess for the most part I have my signature trades, entries, and exits down, and my market has been forex. I have been really good at getting over my trading demons, I feel another thing I need to discipline myself with is journaling, I already mark up many charts but to take a step further and journal how I was feeling or what I did wrong would be a plus. thanks again for a great vid Umar!

  • @gizzeconstruction
    @gizzeconstruction 8 месяцев назад +1

    Thanks for the refresher bro! Excellent content!

  • @kirk2318
    @kirk2318 9 месяцев назад +4

    I really appreciate what you’ve said, this confirms I’m on track with my trading career, thanks 😊

  • @jkuntz67
    @jkuntz67 8 месяцев назад

    Good day, i was always very reluctant to journal my trade,but after your vid you convinced me to do so ......Thanks

  • @heinz20
    @heinz20 8 месяцев назад +1

    You've fast become my favourite RUclips channel! Would love to see a daily Vlog to see how you integrate trading with life overall.

  • @matthumphries2190
    @matthumphries2190 8 месяцев назад +2

    By far the best trading foundation informational video I have watched. Thank you.

  • @mamadousegadiallo2046
    @mamadousegadiallo2046 9 месяцев назад +1

    Thank you for sharing your experience. Much appreciated ❤

  • @fussballgottniko
    @fussballgottniko 9 месяцев назад +3

    Great video bro. Appreciate the effort 🙏

  • @orion_theartist
    @orion_theartist 9 месяцев назад

    Yes exactly the type of video I've been looking for.

  • @abdelaali1983
    @abdelaali1983 8 месяцев назад +1

    Thanks Umar. I’m learning a lot from your videos.. much appreciated

  • @maciejzet5256
    @maciejzet5256 9 месяцев назад +5

    wow umar now i know why you're that popular in this niche, even though im not beginner nor pro i still managed to get something out of this video, now i know that my pressure on backtesting could be too big and i need to focus more on mental training somehow

  • @sirekay4292
    @sirekay4292 8 месяцев назад +1

    This is some great advice, thanks Umar.

  • @ramprasadreddy8619
    @ramprasadreddy8619 5 месяцев назад

    i loved the word that whether i got lucky or my plan has worked in this trade, information provided very much useful to all

  • @siddhantdevkota2240
    @siddhantdevkota2240 8 месяцев назад

    Such a great experience trader. Clearly seems in his word!

  • @okaldirim
    @okaldirim 9 месяцев назад

    Thank you, great video. Looking forward to watching a video walking us through your “Trading Game Plan” MUCH RESPECT.

  • @phanik6801
    @phanik6801 8 месяцев назад +1

    Amazing interview Brother thanks for your time!!!

  • @arabadjiewww
    @arabadjiewww 8 месяцев назад +2

    Just by watching the intro you understand that the video will be motivational and useful

  • @AbdulAli-ku9he
    @AbdulAli-ku9he 9 месяцев назад +3

    Well said Umar, thank you.

  • @ForexProPlus
    @ForexProPlus 9 месяцев назад +2

    One of your best videos, Umar.

  • @mikehunt752
    @mikehunt752 8 месяцев назад

    I have to commend you on these videos mate, normally I only see videos on the fastes way to make money or the best indicator, no one really hit on the other side of psychology or patience, knowing when or why, love the vids bud

  • @rohitkumarsingh3443
    @rohitkumarsingh3443 8 месяцев назад +2

    umar we need your full trading game plan and more breakdown of your upcoming trades and the reason of your trades in more depth how you feel and understand it will go up or down

  • @dom.unique777
    @dom.unique777 8 месяцев назад

    Great video with great perspectives 💪🏼 thank you!

  • @teddymoore9938
    @teddymoore9938 8 месяцев назад +2

    Thanks, Umar your videos are so on point, thank you for the good advice and your knowledge, that is one thing I do, I take it very seriously in my learning process day today! Thank you very much!🙏👍👏👏👏👏

  • @RahulYadav-ob1px
    @RahulYadav-ob1px 8 месяцев назад +1

    Please Please 🙏 Make videos on 2 topics with deep dive like this sir...
    1. What type of trader are we, how to find out,
    2. Journaling manually, without any software, in excel
    Please sir will be grateful 🙏

  • @flowmiamitv6773
    @flowmiamitv6773 4 месяца назад +2

    I gain so much value for this revelational video ...I celebrate you immensely

  • @ronn5577
    @ronn5577 8 месяцев назад

    This is the video I have been looking for, thanks

  • @JG-zm5ug
    @JG-zm5ug 4 месяца назад +1

    Very nice video me myself i do it the oldschool when journaling my trades by writing them down on a paper to keep track on my data, its like doing homework you hate to do it but it will improve you faster when youre taking it serious, especially when its something you really want to become in the future.

  • @kikisusanto27
    @kikisusanto27 9 месяцев назад +1

    your word is badass umar, thanks for teaching us

  • @AmanKumar-kr9ly
    @AmanKumar-kr9ly 7 месяцев назад +1

    Thank you brother for sharing these question, I was confused that i'm on right track or on wrong one. but after watching this video i'm feeling more confidece because i'm already doing all these things which you shared in this video.

  • @dharmarajnimbalkar1499
    @dharmarajnimbalkar1499 8 месяцев назад +3

    Hello
    I actually started trading during the lockdown period. It was a time were I was free for study ,but less to invest as I lost my job . After that I stopped trading as well as learning. Not again I got a job and also started to trade. So I was searching video were I can have simplified theories of trading. I enjoy watching you video and taking note . thanks for your valuable video

  • @janlabuschagne6337
    @janlabuschagne6337 13 дней назад

    Thank you Umar, love your trading Journal !

  • @derrickthompson2664
    @derrickthompson2664 8 месяцев назад +3

    Umar i am reading one of your book recommendations “Trading Mindfully” What an excellent book. I highly recommend it to any Trader. More than a book its a guide for learning how to control your mind and focus.

  • @orozkids5051
    @orozkids5051 8 месяцев назад

    great video Umar thank you keep them coming 💪 as l continue my journey

  • @joflo63
    @joflo63 8 месяцев назад

    Thank you for your valuable advice & insights for treating trading as a business 👍

  • @Saizi100
    @Saizi100 9 месяцев назад +2

    Great insight. Thanks Ashraf

  • @astroduck4020
    @astroduck4020 9 месяцев назад

    Thank you so much Umar ❤

  • @maderastuff
    @maderastuff 2 месяца назад

    Bro. What a great, underrated message. Thanks & happy trading.

  • @md.shadmanshaiok5483
    @md.shadmanshaiok5483 20 дней назад

    Undoubtedly the best video i watched that sums up everything. Thanks a lot :)

  • @iambrittanyhughes
    @iambrittanyhughes 9 месяцев назад

    this was extremely helpful, thank you!

  • @olalekansoyinka462
    @olalekansoyinka462 9 месяцев назад +4

    Thank you Umar. I think this is one of your best videos I've watched. Your ideas are quite simple & systematic, it drove home the points for me. Keep up the good work.

  • @user-hl1hw5bi1c
    @user-hl1hw5bi1c 8 месяцев назад

    Thank You For for Valuables Content in Simple way.

  • @ahaanashwin3973
    @ahaanashwin3973 9 месяцев назад +1

    Great content Umar. Big fan❤. When did you start trading and when you decided to make it a full-time profession? A brief history of your journey would be helpful for folks like me who are thinking of starting this business.

  • @Mahi9tube
    @Mahi9tube 8 месяцев назад

    Wow. All these details. Terrific 💯

  • @uxmmoxo
    @uxmmoxo 8 месяцев назад +2

    you have imparted invaluable knowledge with regards to trading and all that follows it. I'm sure many have benefited and have used your advices such as journalling in real life. Could i kindly request that you teach us how to use market order data, cumulative volume etc to identify absorption, trend continuation, aggressive buying/selling quantitatively? thanks a million

  • @navidgul9934
    @navidgul9934 8 месяцев назад

    Thank you bro for the videos.I learn a lot from your videos

  • @leonardkipyegonlive3903
    @leonardkipyegonlive3903 8 месяцев назад

    Thank you for your advice❤

  • @usaveonphones3398
    @usaveonphones3398 9 месяцев назад

    Great learning for all the beginners

  • @Kaz-2017
    @Kaz-2017 8 месяцев назад

    thanks for your kind information and i really appreciate

  • @terrywilliams2349
    @terrywilliams2349 9 месяцев назад

    Great video!! This was on point!! 🎯🎯💯💯

  • @scentsoftravelmeditation
    @scentsoftravelmeditation 8 месяцев назад

    Thanks Umar
    Your tips are practical and useful

  • @hafzaabdi493
    @hafzaabdi493 9 месяцев назад

    Love this man he's life changer trader i appreciate it man

  • @vultur311
    @vultur311 9 месяцев назад

    This video can surely be put in front page of ANY prop firm site for potential traders

  • @imadeachibanne2651
    @imadeachibanne2651 9 месяцев назад

    great video bro , i shared it with all my friends

  • @bastianhars2208
    @bastianhars2208 8 месяцев назад

    thanks, definitely found value here

  • @fredfellar
    @fredfellar 8 месяцев назад

    Thanks Umar, i have learnt a life time lesson

  • @marcomendoza6492
    @marcomendoza6492 8 месяцев назад

    Great vid thank you

  • @Thenarayanaclips
    @Thenarayanaclips 8 месяцев назад

    Thank you so much bro for this wonderful video. This helps a alot really.

  • @lucrativetea7029
    @lucrativetea7029 8 месяцев назад

    This message is Approved ✅

  • @Vpolite_guru
    @Vpolite_guru 8 месяцев назад +1

    Thanks for the information bro

  • @IzuchukwuEkwo
    @IzuchukwuEkwo 9 месяцев назад +4

    You say the truth, and it hurt man❤

  • @dineshdina974
    @dineshdina974 8 месяцев назад +5

    Wow, this video was an eye-opener! 🤯 I can't believe how many things I've realized just from watching this. Huge shoutout to you for putting together such an informative and thought-provoking content. Keep up the awesome work, my friend! Looking forward to more mind-blowing videos like this. 🌟👏

  • @AshTradesEu
    @AshTradesEu 5 месяцев назад

    This video is an absolute gem

  • @babandadage9400
    @babandadage9400 9 месяцев назад

    I'm trying to watch your one and one video on daily basis. Love from Maharashtra ( India )

  • @user-um3tn8mm5i
    @user-um3tn8mm5i 9 месяцев назад +9

    Thank You Umar as always. Your videos help me a lot! I was thinking about starting a trading company with my 3 trading partners.

  • @dr.mohammed.erdogan
    @dr.mohammed.erdogan 5 месяцев назад +101

    I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.

    • @KingBaldwin715
      @KingBaldwin715 5 месяцев назад

      I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.

    • @Austin195
      @Austin195 5 месяцев назад

      Mrs Flores changed my life because of the high profits I got from investing with her.

    • @dr.burakdeniz
      @dr.burakdeniz 5 месяцев назад

      You invest with Mrs Flores too? Wow that woman has been a blessing to me and my family.

    • @marthajames987
      @marthajames987 5 месяцев назад

      I'm new at this, please how can I reach her?

    • @travisobrien09
      @travisobrien09 5 месяцев назад

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

  • @ahmadpsp
    @ahmadpsp 2 месяца назад

    This is a sensational video i got a lot of insights of what to do from you, because i was actually thinking of how to make trading my full time business

  • @davet4388
    @davet4388 9 месяцев назад +1

    Hey Umar, do you have a video made on what tools do you use to trade? Like, what kind of software do you use for Oder Flow, DOM, foot print chart? And of course which software do you use for placing your trades. I appreciate your time for making educational videos!

  • @kevinaugscholl5309
    @kevinaugscholl5309 15 дней назад +1

    Thank you so much for this amazing guidline

  • @sumitchowdhury152
    @sumitchowdhury152 9 месяцев назад

    Thanks brother!❤

  • @Oches22
    @Oches22 8 месяцев назад

    My mentor....thank you so much

  • @asaeloho1261
    @asaeloho1261 8 месяцев назад

    Thanks bro, have gained value

  • @melodinaestoque7069
    @melodinaestoque7069 9 месяцев назад +3

    It is absolutely true 😊

  • @parvaizthakur762
    @parvaizthakur762 9 месяцев назад +1

    Stay blessed bro ❤

  • @kurbol9293
    @kurbol9293 9 месяцев назад +2

    Umar, that's an excellent video clip straight from years of stock market experience and expertise. I am learning a lot in your educational vidoes. Great job for finding time to do this.

  • @naffibkbeyond3130
    @naffibkbeyond3130 8 месяцев назад

    I'm super glad I watched this video. Thanx Bro

  • @walterharris6311
    @walterharris6311 9 месяцев назад

    Thank you for this information ❤😂

  • @rameshseniappan3226
    @rameshseniappan3226 8 месяцев назад

    Thanks for your videos Dude

  • @rohitdas6489
    @rohitdas6489 8 месяцев назад

    Thanks a lot sir for giving me a good direction and guidance for trading