What I Learned From Making $172,083 In A Month From Day Trading
Вставка
- Опубліковано 1 січ 2021
- #daytrading #stockmarket #stocktrading
In this video I talk about some of the things I've learned from making $172,083 a month as a day trader. I made a little over $2 Million in 2020 (Full video here with proof --- • My 2020 Day Trading Ea... )
I wanted to give some insight to all upcoming traders and even traders that have some trading experience under their belt. Day trading is a very difficult career. I have been trading stocks and options for 7+ years and this has been my biggest year so far!
Instagram: / umarashraf
Trading Instagram: / umarashraftrades
Twitter: / umarashraf
Stock Market Lab Instagram: / stockmarketlab
*DISCLAIMER* I am not a financial advisor and anything that I say on this UA-cam 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.
#trading #daytrading #stocktrading
Excited for 2021!! Will be posting a lot of trading content here! Let me know more of what you guys would like to see?? -- Also if you're not subscribed hit the subscribe button and turn your post notifications on!!
More trade breakdowns !! Love your option scalping skills. 🎯🔥
Options scalping strategy- how to draw your chart lines for support and resistance and how to scale in scale out. Thank you!
please do more videos on break outs
I would like to see live trading please, if you can actually trade that is. You advertise $1600 wins but also have $350k losses, anyone with a working brain knows you are a fraud
Really appreciate how you explaining a successful trader's mentality.
very informative and love how u explain things plain and easy
My goal for 2021 as a trader is to study more, perfect my strategy, and become a full time trader
Tomorrow's my first day back since 2017
@@xarchitect9754 Good luck in 2021!
best of luck with your 2021 goals and beyond
Good luck guys!! Im still far far behind XD, you guys go first and get em!
You have really shared the correct stuff. Happy trading in 2021!
Being aware of when I’m forcing things to happen is huge. I come from corporate America so I’m used to making a consistent paycheck. And trying to find that same biweekly direct deposit in trading usually leads me down a painful path. Great video.
I usually don't listen to a lot of these UA-cam traders. They just want views with clickbait titles.
This man here speak facts. He will expose your vunerabilities. Take it all in
Awesome advice Umar!
Congratulations & wish you all the very best for the years ahead ...
The "pie and steak" example was an excellent lesson!✨💯 Much love
Yo this guy tho. This is what you call value
Hey Umar , That was the best 22 minutes on UA-cam so far this year and you are so on point... thank you , John...
Thank you John! Happy New Years 🙏
This man’s passion for teaching and trading is burning so strong that every phrase/sentence he utters hits me. It actually makes my heart pound and my hands sweaty. Lol! Continue inspiring...
Amazing talk. You touched on all the points I have been working on, and more. Super transparent about your profits and losses, and the feelings that go with it. Bravo!
One of the most honest trading video I have seen. I've gone through all the trials and tribulations you have mentioned. I hope all the new traders watching this videos learn early. And not go through all the headaches that we've gone through. Lol!
You have mentioned every mistake I made as a new trader. The thing is they should happen because otherwise you do not listen to anyone but yourself and think you know it all but market humbles you...
Maybe you need a simulator first?
The market is like the weather - some days you'll get sunshine, other days you get rain, or clouds, or snow. It's different everyday.
You’re the best in the business brother. May allah continue rewarding you
Big Up man!!! So valuable! Lifting up after a big hit
Umar... I have been trading Since 03/19/20 and I went from $26K to almost $76K so far. I was at $82K about 5 weeks ago, but I got cocky and took to large a position in the Chinese EV stocks and was way down a couple weeks ago. Luckily I'm "only" down single digits now. I completely get your advice here. I don't even think about the $ now, for me it is about the percentages. Although I am proud of my accomplishments over 8 and a 1/2 months it took me longer than it should have to learn to get out of a bad trade quickly. That's pride & ego. At least I have finally admitted that I do make bad trades and getting out is OK, because if you keep waiting for something to come back when it obviously is not going to you don't do yourself any favors. Sometimes I will sell a stock at 1 penny profit just to get out and allow myself to use that cash for a better play on another day and consider myself lucky. The most important thing I have learned in the last 2 months is to watch the pre market for signals of what is happening with each stock I plan to trade that day. The pre market tells me a lot and makes me either go or no go on certain trades. So I'm at $75,888.00 now In my goal is to be at $200,000 by next January 1st, one trade at a time. Like you tell us it's super important when you take a position to know beforehand where you're going to get out if it goes bad and to go ahead and let it ride if it goes up and not to get out too early. It's hard to watch when you are up 10% then it drops to 5% quickly, but sometimes it goes to 15% or more & waiting was the right call. Usually my list of stocks is mostly in the red because I tend to take profits too early so my 2 things to practice this year is to get out quickly if it goes bad at let's say 2% fown and to go ahead and let it ride if these stock is appreciating. Thank you so much for your wonderful insights and sharing your experience with us. Happy New Year to all and good trading!
💯% with This video man, same thing happened to me, one amazing month doing everything right them got overconfidence and overzised one trade and took a big hit them emotions came in and started to hesitate on goods setups and all those things(luckly i sizedown and keep stop on 1% cruz after that was taking fomo trades and i had like 6 consecutive lose) but them i took some days off to analized my mistakes and i figured out i had to stop carring for how much i win or lose and just focus on applying right my Trading plan, from there everything is flowing much better.
Yep, we all go through this.
Love that you shared your experience and keep it real. Looking forward to more
Vids and learning from you
Love your videos! Your teachings have helped me start growing my extremely small account! Lol I started with 250, and I’m up to 325 now following your advice and building my strategy. I’ve traded over 100 contracts now and I’m slowing growing my account. Thank you so so much! You definitely bring clarity to this storm we call trading.
Salute to your honestly and way of expressing the emotions you had in your trading career. I am on my second year and has started to get some grip on the chart now. All thanks to people like you I found online. Thanks a million times!!
Appreciate you man!! Goodluck! Very rewarding career, keep at it 🙏
Chart reading is 10% of the game, real skill is tape reading, how to read volume with price action at important inflection points, buyers and sellers' sentiment and control your own emtions. Hold tight on winning trade and become restless on losing trade.
Lol he doesn’t have a trading career, don’t fool yourself
Umar, can you give a tour of Ashraf Capital? Would be awesome to see the entire layout/setup of the place!
@@ruthgrover2302 Go away.
@@NickWright wtf this is the real Nick 😂
@@ruthgrover2302 scammer
@@ruthgrover2302 can u ask him to help me
Great pointers! 🇬🇧
Umar, Enjoyed your video on the realities of trading as a business and need to learn about oneself trading emotions during the P & L drawdowns. Thanks and keep up the great work.
Goals?
Be a consistent trader, and a smart one.
Don´t take boredom trades.
Don´t be greedy.
Control myself after a large win.
Hopefully size down or take a break if I ever take a big loss.
Great goals Benjamin!! Good luck in 2021!
Learn to become patient and let the trades come to you. If you’re watching a symbol like waiting for water to boil, you can easily get bored. Track several stocks and there will always be something to play.
The real question is where is your 100k plaque at? 🤷🏽
Thanx Umar, the content you are providing is top notch. Really apreciated
Umar, just want to say thank you very much for sharing your experience!!! The most important message for me: "only focus in the proccess" forget everything else, thank you again 👍
“ I been messing up because I’m making steak “ 😂. That def hit home for me cause that’s exactly why I started trading poorly late in dec messing me up. Trying to step out my norm and execute on a diff trades rather my bread and butter set up
Haha that’s what it comes down to man, just find your edge and milk it whenever you can
@@UmarAshraf28 u selling course?
What’s the difference between adapting vs trying to make a quick buck cuz I feel that I try to adapt while I’m actually trying to make a quick profit
what a timing to see this since i recently got familiar with my own setup
Very good lesson Umar. You are a great teacher because of your experienced. GOD BLESS YOU.
Hey man love your channel
Do you have a Discord or group chat for plays??
Goal is to do 50% per month compounded. Trading stocks. Getting out fast, when the stocks turn. Can always rebuy when the wind is at our backs.
600% a year. goodluck
always love your content brother 🙏
Excellent content Umar 👏🏼
just curious, how old are you man? how old when you started
Can you make a video of when to pay yourself before you end up blowing an account?
That should be based on your personal goals
He wouldn’t know, all he can do is make UA-cam videos, he can’t trade
Subbed & Notif Bell.
Took me 4 years to learn my lesson. Starting off trading Volatility was a horrrrrriiiiiiibbbbbllllllleee idea.
Took me 4 years to learn that I'm a technical/momentum equities trader.
I've 39+% my portfolio in the last 3 months. I'm very strict on my entries, & very little leeway once the trade starts going against my strategy before I cut it loose.
My goal for 2021 is to continue my current progress and adjust my strategies with the market as needed.
Big ups. It was a really inspiring video
Crypto currency investment is here to stay especially the asset bitcoin if you can’t see that at this point its time you learnt more about it
Accurately spoken, this is the best thing I’ve heard in a while. You’ve got my point
You have to understand that crypto trading is not magic, the best way to make lucrative trades is to work with a pro
You’re right man. Though I learnt that the hard way
I lost over $15000 when I started trading before I finally heeded to advice and contacted an expert trades for me now
Something similar happened to me but I didn’t lose money. I traded with nothing to show for it until I contacted a pro who trades for me and returns profits
I really appreciate the update we are getting from you on crypto. For me this is the best time to invest as the market is low
Greetings, I've seen positive reviews of this woman for about the fourth time now, I think I'll have to give it a try.
@ Ms Avstand SCAMMMMMM
THIS is why your are 1 of my 4 "YT stock teachers". Man, idk how many times I agreed with you in this video. Nice year btw! Thanks for the content/lessons/interviews/etc.
Thanks for this video! good content for newer traders
Do you have audited broker statements to backup your claims?
Spot on!
He just posted a video where he logged into TOS and showed his account number and PnL.
@@tradingarsenal9767 That's not what audited broker statements are..
@@ybe87 No shit, but imo that's enough proof to show it's prob not bullshit. Yeah, someone could fake it somehow, but they could also fake audited broker statements too, so take everything with a grain of salt...
I agree would love to see the audited statements bc it makes no sense to educate others if you make your own money
What about your course that sells for $2.5k? If you sold 1,000 of those this year, that means you made more from courses/discord chatrooms than you did from trading.
Since we're talking transparency, mind sharing how much you made from StockMarketLab?
Can’t believe fools buy that, this guy doesn’t even trade
We really appreciate your advice and transparency! I’ve been following you for the last year and a half and I hope you never stop! We’re always going to support you. Thank you Umar!
>
On WhatsApp
>
Umar you don’t know how much you helped me dude! Thanks a lot man! 🙏🏾
Amazing work you do here almost on a daily... looking to invest as we speak. Any trusted trader will be welcome.
I’ve always works with William Mason, and he’s always worked for me..
From what I’ve seen that man works day and night, so why not him...
It’s not easy to find a man you can trust when it comes to your money.
Williams has an amazing trading strategy that helps me earn money on bitcoin investments, weekly!
I was able to pay all my debt from the profit i made trading with William Mason. He’s a good man.
I've always wanted to invest in forex/stock trading, after a few trials I realized that trading without a good mentor and guidance is a waste of time and money.
I have always wanted to expand my business but I could not do that because the cash was not forth coming as I had planned. Getting referred to Mr Andy Calistoga played a great role in that vision. Mr Andy is a great mentor and the best trader/Account manager on my list.
Honesty and trust means a lot to me that's why I still trade with Mr Andy. It's been 7months now and I haven't had reasons to doubt his competence. Traders/Account managers like him are hard to come by.
There has been a massive increase in my profit earnings, his platform is one of the best i have seen, i’m still banking on Mr Andy to make me more profits
(A n d y c a l i 9 2 4 @ y a h o o . c o m)
Watch out with that. Looks a bit fishy, all of those people talking so good about him. They might want to take your $
Thanks Umar ! Always nice to watch your vids
As a super beginner to the field, this was very helpful. Thank you!
Amazing!! SML 30 day challenge starting next
Amazing analytics as expected. Been wanting to invest. Been thinking bout ms what’s her name. If you guys have a trusted trader I’d be happy go follow up thanks
I was able to pay all my debt from the profit i made trading with William Mason. He’s a good man.
I really love his honesty, he doesn't promise miracles with his strategy and he is always straight forward.
I really love his honesty, he doesn't promise miracles with his strategy and he is always straight forward.
He’s quite a man. Just completed my first trade with him in one piece lol. He’s good at what he does...
his strategy is 100% legit and no one as ever complained about his signals.
Been at it for 5 years now...and just seeing the payoff. Learned alot of what your talking the hard way of course! Was really nice to hear it solidified. Please continue to post. Will be following..
Thank you Anthony
Thanks Umar, I do feel like you are talking about me!! I was doing really good until my ego get the best of me and blew up my account from 506k to the lower 380k.It was very painful lesson and my mistake were risks management, positions, sizing, emotions, revenging trade ,greedy and ignoring stop loss application. I took a break for while and came back after cool off and now I am trying to break even my losses. They were mistakes worthy learning and taught me a great and hard lesson on how to apply disciplines when trading,
Was it how to be braggy in UA-cam thumbnails?
If you want to become a millionaire this year, stop watching youtube videos and seek proper financial guidance from a licensed professional more so one with experience of the past bear markets.
My highest impact as an investor after few losses was when i started looking more critically on how professionals manage risk over generations, not seeking the instant gratification of a temporary dopamine kick
I retired at 48 due to my broker's success with my investments and on my way to FINANCIAL FREEDOM. now I'm ready to venture into the stock market fully in 2021. I have made over $350,000 in an initial investment of $90,000 portfolio in less than 5 months despite all the rumours of a market crash.
@@hermandavid6813
Can’t wait to be at this point 🙏🏻 I have been doing things myself and im not happy with my portfolio, so what strategy and pattern did you apply in order to start making consistent profit from your investment?
@@petronapinanunez8318
As an investor in her options, you typically access through other mutual funds to diversify your portfolios, potentially limit volatility during falling market environments or add an investment with the potential to generate positive returns in both rising and falling markets. I copy her trades on my own trading account and at the end of the month I give her a percentage as agreed upon while i get increased exposure on how she navigates the market
@@hermandavid6813
tbh I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. how do i reach out for your adviser's guidance and how much is her fee?
This video on a trader's mentality is far more valuable than any video on strategies and technical analysis.
Great video, thanks for sharing Man!!!
SML FAM for life....lsgooooooooooooooooo
this man is legit and real more than the fact that u are breathing rn, go check his insta
& if u still disagree ...well u just a typical hater !
Nadeem!! Appreciate you fam!!!
@@UmarAshraf28 yea still waiting to see you trade live loser
@@yourbettingassistant7985 just because u are a loser doesn't mean u get to hate..go look in the mirror and be thankful for whatever is in u
..thats if there's any left!
@@nadeemdmaidi2152 Yes we losers get to hate, especially if your wealthy you can say what you want and not give AF
@@yourbettingassistant7985 u might have more money than me, but forsure I'm richer than you in value....(if u can't help..dont abuse )
Forex and cryptocurrency trading are really helping lives during this pandemic...I’m glad to be part of those who benefitted from investing
My gratitude goes to Mr Liam Michael and his winning team for their efforts toward my financial stability, it has very been difficult trading online because of scammers out there when it comes to binary options, I remain grateful for your support which you have given me, The day i met you was really a blessing. Thank you sir i just received another payout from my trade successfully you're the best and I bless the day I found Mr Liam Michael
As a beginner, it is advisable for you to trade with an expert that will guide you in the right way to win with nice strategies. Forex and binary options trading has been good to me, I can boldly say I have been enjoying myself courtesy of binary option, this wouldn't have been possible without Mr Liam Michael who has been an amazing trader!
*+ 1_2_0_1_3_7_9_4_6_8_7_ Contact Mr Liam Michael
On Whats,App
One of the far better trading videos I have yet to encounter. I'm on my second month of trading. 1st month...made 24K on a paper trading account. This month...up 5k...just lost it all yesterday. Really depressing. I need to downsize and work on the process. Sometimes you just need to hear what you already know. I needed this video. I appreciate it and you taking the time Umar.
Just came across your video...loved your content and explanations; excellent way of describing situations and processes. Much appreciated.
Bitcoin is the future ,investing in it now is the wisest thing to do now especially the current rise Despite all the economic crisis this is the right time to start up an investment
Stocks are good but crypto is more profitable
I wanted to trade crypto but got confused by the fluctuations in price
Mr Garrett is a scammer
Not 172,084? Pff
Wow you got my sub. This video really hit for me, thinking it was just another random video. Took a big hit last week, thought I knew a lot but got humbled by the market, had a lot of stuff going on my personal life which got me emotional too. Guess it’s one of many hiccups on the trader journey. Feel going now and regathering myself. Thanks a lot man!
Great advice!!! I have experienced almost all the things you mentionned in this video.
Your videos would be better if you kept them shorter & were more relatable.
These are for entertainment only
people will be kicking themselves in regrets in few weeks if they miss this opportunity of buying and investing in Bitcoin (Cryptocurrency)
Trading crypto currency(Bitcoin) is also a nice way to invest $ 1000 and change your life.
Bitcoin trading is a very lucrative way of making money
online now.
Awesome advice, thank you very much. Glad I found your channel.
Very well explained I love how you focus on money management and trading psychology and not entries. Almost every other channel out there focuses on entries because that's the interesting part of trading but the important part of trading is psychology and money/risk management. Execution. Etc. Thank you keep the videos coming they are very useful to me
Bitcoin is the most profitable investment online and that can be possible if the trade is being managed by legit broker
I will advice you to give a try with Mrs Annabella Ryan her platform is very legit she ensure that your profits are well monitor
This is the perfect time to invest in bitcoin because the rise in bitcoin is higher
Mrs Annabella Ryan has really made a firm for her self I invested $10,000 and earned over $50,000 in an interval of 7days
I'm also benefiting from Mrs Annabella Ryan I was afraid of the platform but got convinced by my cousin ....who linked me up with her
I really benefitted from her platform I earned $12,000 with every $1,000 I invest with her
Thanks for your video, it is wonderful video. You are one of the inspiring person for me to enter into stock market. The real beauty of your talk is so practical rather than honey speech, realized this after doing serious trading myself. Keep doing your good work.
Your a good man Umar 🙏🏾
Know your edge, best advice ever.
Umar your absolutely right my friend
"Focus on the process" It amazes me how people get into trading with the wrong mentality and mindset thinking this is easy money. To all the newbie/rookie traders if trading were easy everyone would be doing it, hence the 90% failure rate! Don't worry about making money instead focus and concentrate on learning how to properly trade!
Amazing job in explaining why we should with one setup!
W
Really good insight in this vid! Thx bro
Thanks for the tips bud
Appreciate the info you put out! Always look forward to your videos. So much knowledge taken in
Thank you very much, keep making videos like this, you gave me many lessons and made me see things from other perspectives. You are great Umar.
Cheers from El Salvador.
>
On WhatsApp
>
Q onda maje.
my guy is so real with us. I love what he has to teach
Solid advice thanks!
Very interesting review and you are so humble thanks
Great lessons here, thank you!
very nicely explain ...as same i went through specificly when we are indian market ...GOOD JOB ...
Good one Umar, You pointed out all my mistakes that i have been repeating over time.. Really appreciate you for uploading the content
I will ad🅥ise you in🅥est in bit¢oin trading with Manager Kevin Ethan and earn huge profit with his strategies.
His a🅥ailability is on ωhatsapp
+ 1 7 0 5 2 3 0 8 8 6 0
You are a great mentor umar 🥂
Great content mate!
Great video!
By far, THE BEST video I've ever watched from you.
Thank you!
>
On WhatsApp
>
100%!! Great video bro 👊
Good video, lots of good information.... thanks!
Well said sir! Excited to start the new trading year on Monday. Thank you!
>
On WhatsApp
>
my goal for this year is to learn as much as I can as a fairly new trader and grow my confidence as a trader because this is definitely my future. love all the content btw
W
Awesome video, very informative! Really appreciate you sharing it
W
Thank you always learning from your videos 💪💪🚀🚀🙏
Great advise for ones thinking about trading great video
Hey Umar Great Video, i was wondering if you have any content on what to do when you make big profits and have to deal with the Tax part of trading? Thank You