10 Reasons Why You're NOT Making Money Day Trading (2024)
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- Опубликовано: 16 май 2024
- #trading #stockmarket #daytrading
I breakdown 10 reasons why you're unprofitable as a day trader and what you should do to make money trading.
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Chapters
0:00 Intro
0:16 No base education
2:07 No real edge
3:46 Strategy hopping
5:29 No discipline, no patience
8:14 Tight time horizon
9:59 Not tracking their trades
12:12 Understanding their trading psychology
14:15 Having unrealistic expectations
16:28 Don’t know how to lose
20:27 No risk management
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 #trading #daytrader
I will make a video soon on how I track and journal my trades using www.TradeZella.com
Yes..please make a video on this topic. it is the most needed thing for us..
Yes please that would be very helpful
need more info on tracking trades
yes please, i need that . thank you so much
Yes do bro thanks
Hopefully you guys found value from this video. Give It a thumbs up + subscribe! Also let me know what issues you guys go through as traders!
I always find value in your videos. Keep them coming bro, and thanks.
Yes brother keep it up!, I’m learning a lot from you. Please make your next video on how to journal your trades.
Of course it very helpful sir. Please sir give any clue to find valuable mentor. Please 🙏
I need to journal but the issue is the cost of the software to track. It's a catch 22. To journal and analyze costs money, money a starting trader does not have. Maybe a video or process on starting Journaling. I would give anything to be profitable enough to afford your software.
Love the message❤ someday i will be profitable trader too!😊
I've been trading for almost a year now. Last month, I finally had a profitable month. This month too, until i got greedy and lost everything (again). This video is just what I needed. Thank you.
This is the same problem i have. So each day i have a min amount set that if i lose this amount i stop. So as long as most days are profitable in a month....the days where i lose dont matter at the end of the month
You’re welcome!
Same
same here
The fact that you had a profitable month is a clear indicator that you have potential to progress. Let's follow the advice of Umar and we will be consistently profitable
Umar literally spoon feeding the knowledge guys, don't disappoint him!
@@TONI__KROOS try to be profitable for the 1st month the profit amount doesn’t matter...
thats true innit
1. Risk Management
2.A+ Setup when and Edge is presented
3. Discipline
4. Patience
I have a problem with psychology discipline and being patient sometimes. I also have a problem with waking up early because of the job I have but overall I will overcome the obstacles sooner then I expect
same here 😔
Same
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
I encountered Margaret Johnson Arndt through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.
You will die of hunger ...
I would look into money market funds
Please keep these videos coming! Loving these and they are so helpful for me and I'm sure many others.
These topics should be the first lesson as a trader to take. Appreciate it Umar!
So much good advice in this video! Thank you for putting this out there. The risk management segment at the end was especially helpful
I discovered you only a short time ago, and I think you do a remarkable job, clear, precise, very understandable and very honest.
Well done and thank you.
If you could make a video explaining how we should follow our trades, that would be really useful.
I look forward to your next videos.
Excellent webinar in my whole entire life ! I have attended many webinar but no one talk about risk management,money management,how to become discipline.
Hatts off you sir ! ♥️
The real 🐐...all Umar cares about is creating success for everyone through simple but incredibly real education.
This guy is the goat and my difficulty is letting my trades run I cut profits to early
Worth watching multiple times. Very helpful articulated points. Thanks for sharing
I'll appreciate the idea of you making a video on proper trade tracking and journalling
Love the information you share for free here. Helps me a lot.
Dear Ashraf sir im a beginner day trader of indian market i trade in options i really found your channel very helpfull and u are a person on youtube who is not forcing us to buy there course and the way u talk u talk with sense and point wise highly appriciate i wish one day we will play with our lambo together .... ameeen
BEST video of the year. point blank period. explanation couldnt be done any better💯💯💯💯
One of best, honest video on internet about trading. Tell it like it is.
I think every video you making it seem to me it’s more an education than just e video ,much appreciated, thank you U..
Amazing video Umar. Great stuff. Please go make a video and share about journaling, tracking trades and what all things are important metrics to measure
Such great information once again. Thank you Umar, ill see you at the top.
Yes please Umar a video on trade tracking and journaling would be amazing
From then been following ,your content, and taking notes
Speaking truth about trading, i am becoming profitable now and that is only possible after i removed all the indicators and focused on journal and priceaction and my mistakes,
Thnx bro .
Yes please make a video of how to track the trades! This video is one of the best ones man! Thank you
OUTSTANDING, EVERY ASPECT IS COVERED SO ELABORATELY.
keep the videos coming bro thank you.
Thanks Umar so much for your professional advice. So true !!! 🙏👍🙂
Loving those tips, well said brother.
God bless you for your fabulous videos- you are the real deal when it comes to being a trader and mentor. I relate to all your video - your the most genuine person on social media giving trading advise
There are so many tradzy peeps on YT that like the sound of their own voice, haven't got anything to say or are just not good at presenting clearly.
Finally someone who's great at all of the above.
I'm impressed ngl.
i started looking Umar content not too long ago thanks to one of my trading mentors (waqar) and im loving all this content you are making Umar, thanks a lot. I would love to see a video about tracking and journaling
My biggest problem is I get stopped out; then I place another going the opposite way, but it goes to my original startegy and it worked but I flipped flop. This is my biggest problem; plus, another is NOT doing risk management. Your points here are all very helpful. I subscribed and I like beucase what you thought here is right-on the mark. tnx again
Well! You hit all the important point of a successful trader should do! Thanks for sharing!
One of the best trading advice video, so informative...❤❤❤
Gold! A video on tracking and analyzing trades would be great!
these videos you have been posting lately are amazing
Thank you. Really great advice. 🤝😊
I appreciate how honest you are thank you for sharing your knowledge with us.
Yes, please man. Could you make a video about journaling and tracking. Awesome videos man. Thank you
Top notch content ! Thanks man
I have been trading for years, have some success doing it. have been watching you for long. You are the most honest person talking from your heart. great advice. 🤘
I've been in the trading world for about two years, and yes... I've lost money. But I've learned so much about myself during my losses. Definitely the best teacher. Now I've kept it very very simple. Swing trading. MACD, volume and EMA. Always look at last few day, weeks and months for lows and highs.
My strategy is buy low always in red , and DCA if it goes lower, and sell in the green.
I have my top ten that I trade only. With 2 potentials that I watch for weeks before I do any rotation from my top ten.
Then patience. I could go into 2-3 trades and wait for even 2 weeks before profits. And that's OK.
So from this video I say, Get to know yourself, set your goals realistically. Watch the charts and day trading for weeks and months to understand what youre looking at, place practice trades .And take your time.
Spot on Umar! Loving the content. Two things I battled with early on was as you said, not cutting the trade at my mental stop and letting hopium take over leading to more of a loss majority of the time and the one that always bit me was going back in for another trade which almost always resulted in giving the days profit right back. Learning to take my profit and walk away for the day was key.
You are amazing Man! I have seen lots of "trading advice films" but this is "life tutorial" not only trading! Thank you.
Thank you broe, your content is equipping us so amazingly.
From 🇿🇦 South Africa.❤
No doubt... The BEST TRADING ADVICE i have seen my whole life
Great video this was helpful!! I struggle with the Fear of losing smh
After watching so many videos about trading in RUclips, finally something that makes sense. Not that I believe anything that I hear, but these are simple and yet important truths.
Thanks for your knowledge and time !!!
Cool pep talks, it helped me a lot in controlling my emotions. Thanks.
Thanks. This is really helpful to me .I appreciate it
overtrading which is caused by focusing on target instead of focusing on continuous improvement{which i"m learning from you recently}. You see my attention has been on strategies all these years. i now know that the strategy is not the major problem. Trading psychology{which involves personality improvement and personal discipline not only in the market is absolutely important}, and then managing the lot size.
Even with an average strategy I think when the above is put to their place someone can still break even.
But, please i personally need a complete tutorial on option sir.
I truly appreciate you. I have just seen everything i need to improve my trades. Thanks a lot sir
I've seen you up your videos quality recently and I grinded through your vids cuz they are helpful, your hard work has paid off man
THE BEST VIDEO ON INTERNET… THANKS FOR SHARING YOUR EXPERIENCE UMAR❤… IT’S REALLY REALLY HELPFUL 😊
Thank you for hitting everything on the nail! I struggled with all! You have help me tremendously! ❤🙏🏾
Excellent video my friend thank you kindly 👍🏼
How organised way of describing
Yes sir u are correct
Trading is knowing urself better
0:00: 📚 Traders struggle to make money due to a lack of understanding and experience in the market.
3:29: 📈 Consistency in trade execution and strategy hopping are key factors in achieving profitability in trading.
6:58: 💡 Develop discipline and patience in all aspects of your life to improve trading skills.
10:18: 💼 Tracking trades and analyzing metrics is crucial for evolving as a trader.
13:42: 💡 Trading psychology is crucial for success in trading, and tracking trades and emotions can help identify and address mental and psychological issues.
16:50: 💡 The key to successful trading is being able to accept and manage losses.
20:32: 💰 Traders need to focus on risk management to be profitable.
Recap by Tammy AI
Thanks for the recap!
It will be awesome for you to share with us how you track your data and journal, nobody really ever made an in depth video, like steo by step from the moment you place the trade on your platform, to the actual logging of it
Absolutely fantastic advice. These words of wisdom are now in my Trading Plan and I spent a couple of hours on this video to properly understand this. Thanks Umar :)
I have an important business update for you.
Get intouch 🎉🎉🎉
Best video of the year explaining difference between pro, intermediate and pro
This for sure gave me a complete different outlook on how I viewed trading.. I appreciate this video so much.. Thank you for this
Discipline in personal life ..Awakening points for me..The most important points.Thanks!
I’ve just discovered your channel, incredibly high quality wow… i’ll catch out all the other videos too. Thanks for your work
I think most things that you've mentioned hit me hard:)..I am a new subscriber and you are an eye-opener. Thanks bro
Thank you, your a good man every trader needs help what ever there experience considering the market is always changing.
Love your content 👍🏾👌🏽
What a great mentor you are . JazakAllah brother ❤
Thank you for this video bro, i really needed it.
Great info Umar. Very good job.
Thanks for te education Umar!
Thank you bro am really struggling and am not journaling my trades
These are the most important matters in trading that almost no one talks about. Everyone wants to show how easy is it is. Highly appreciate what you are doing. keep up the good work.
Get intouch 🎉🎉🎉
Great video Umar, if you could make another video focused on the edge that would be fantastic!
Thanks a lot! Great content
This video helped me a lot sir .... No one ever shares briefly sir ... Everyone is teaching strategies ... But this video only enough to become a profitable trader🙏
Thank you for your teaching 🙏
Thanks for the info. Amazing stuff. Looking forward to the video tracking your trades.
Thanks umar for such informative video and for sharing your trading wisdom insights with us.
Very good video thank you, would love to watch a video on Journaling the trades .❤
Thanku so much for the valuable knowledge sharing Sir... 🌹❤🙏😇
Hi Umar, I came across your videos a few days ago and I really liked the info you have given. I want to start day trading. What order flow software would you recommend to start with? (Best would be something that has a free version)
Trully good advice...! We as people carry our own " troubles " to the table and it reflects on trades...! All happy to win, very sour to lose...! Your advice its been helping me a lot on how to deal with my trades...! Im not longer upset when i lose and im not excited when i win...! By eatching your 10000000 videos i became a better person...! You transmite that inner peace by way you talk and express yourself, so thank you...!
since i started i learnt so much about
myself...!
Great video man!
💯 as usual. Excellent video.
Very useful video! Thanks Umar 😀👍
Great knowledge bro ❤️❤️
Always best advice ❤.
Thanks buddy 💯
Thank you very much for sharing Sir
Whoever does your video editing is amazing.. would love to see your set-up.
extremely well-spoken comments on trading, keep it up, Umar!
Valueable experienced stuff! 💎Thank you. 🙏🏻
Brilliant video Umar, came across your channel today. Making a video about tracking m journaling please
Thank you for sharing more knowledge.
I couldn't agree more, Umar: trading requires an extreme amount of discipline!
Awesome content ! Loved it
Thank you. I learned a lot!❤