How To Let Your Winners RUN When Day Trading
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- Опубліковано 4 чер 2024
- In this video, Umar Ashraf explains why a lot of beginner traders enter the stock market and struggle to let their winning trades run when just starting to day trade, swing trade, or even scalping for the first time.
Sometimes it's even the experienced traders that complain about selling their trades too soon, and leaving a lot of money on the table. Umar breaks down his (updated for 2020) strategy that explains how to hold on to winners when trading and ride them out for massive profits.
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*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 #stocks #daytrading
I think it gets easier over experience, when you're more confident and better you can trust your plan more. That's how it's been for me.
Hello mates where are you from?please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (Andrewwilliamq1@gmail.com)Stay safe all of you
@@Andrew-bb6it "Please do not be deceived by this fake person"
- Fake person
Facts
@@Andrew-bb6it can u help me?
Experience is the only thing that can help you become better which requires time and patience. I have figured what he's saying already and is 100 percent accurate for me as I tend to become emotional most of the time yet it is really difficult for me to practice this while in the live market so yes it gets easier with time when you keep at it, not afraid to make mistakes, improve yourself constantly and became a better version of yourself, more disciplined every week until you become a "trader". One who's in love with the process.
That is the best advice ever. I take half off then set a stop 2 points away (very tight) then walk away and do something else for an hour and come back. Never disappointed.
Who can even dislike this? This is pure gold!
Not looking at you p&l and just focusing on the the set up is a great way to calm down your emotions
Great video Umar, I am really glad I watched this at this exact moment! I keep spotting the perfect opportunities in the markets, ie. symmetric triangle, go long on the confirmation of the breakout but then ending my position early when price retraces and the mind plays tricks on you, but this video really connected with me as this has been happening a lot to me lately with not holding positions long enough. You smashed it with the example of $500 profits and then when it goes down to $400/$300 the mind just asks all sort of questions and you end up making a panic move and selling and then regretting it lol...
Thank you, truly appreciated.
letting winners run is huge. Probably one of the most important parts of trading.
There is no need to be right every trade. its nice to be right more often than wrong, but the key is having bigger winners than losses. Know when to cut losses and move onto another position, and also know how to ride out a winner to milk out as much as reasonably possible. Many of my trades I take profit early, but every now and again you catch a lotto ticket and you won't beat the market overall unless you know how to take advantage.
Traditionally that may not be the best advice, but these days you may catch facebook on a day where its running $15 or Zoom today which dumped big time. Completely outside the normal trading range and probably over a 1 standard deviation move. Gotta be able to identify those and ride them out.
This is where TA and reading the tape/chart comes in. As you said, emotions get the better of everyone in those times.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (Andrewwilliamq1@gmail.com)Stay safe all of you
this is so true, probably the main thing I need to work on on my trades, I take profits at 2R and then watch the trade pop to 6R before consolidating for the rest of the day
@@ambulantgaming8483 what about selling partial and hold a few shares?
i found that with experience you build enough confidence in your system that you know when to hold and when to not. Another crazy thing I found that imagine that you are long in a position, think where a seller would sell or if you were a seller where would you enter on a short side trade. I hope it helps.
Umar i like the consistency as our mentor in SML. Some so-called "mentors" out there do it differently. Your style of teaching and your modules in training are very unique it even teaches how to train our minds and emotions in and out of trading including meditation and all. Training our mind plays a very very important role in trading. It's more important than being so knowledgable about technical and fundamental analysis. Thats your difference between some "mentors" out there. Thank you very much you changed my life. Big big big credits also for Usman and the rest of the team.
-from your Filipino SML student batch May 2020 :)
Excellent points in this video. Psychologically once we lock in some profit by closing some contracts it takes some emotions away.
New trader here. From all the research and technical analysis learning I've gathered, I find this by far the most useful technique. I cannot believe i never thought of this, it feels so logical!
Lock in your profit while you ride an uptrend/breakout while leaving room for more profit! I will definitely try this approach! I feel like my green percentage just shot went up because of you. You got a new sub!
Good job Umar I literally left a comment on one of your videos asking for you to do a video on this subject!! Enjoyed your video man. God Bless!
Love your vids man. Always to the point, no fluff and filled with golden nuggets galore! Thank you my friend!
Man, you are unbelievable that’s the same thing that I will do scale out and take some profit and let the rest ride. You are a great teacher. Thanks for your information!👍👍👏👏👏😂
Simple explanation . It's about setting trailing stoploss . And guys following word is belongs to me 1st. It's a v3 content . V3 means verymuch valuable video .
Highly imperative ...i love to trade , who else does...Really frustrating for most traders esp beginners though i was lucky to meet a reliable profession at an early stage. She's the reason when i see great videos like this, i put them to great use .......she's a woman with focus, a woman with real purpose ,tutors and guides with integrity
I love to trade though , what about her made you lucky ......am curious
@@davidgarry3449 She made me a better trader i am today at least been proud to say i make good profits out of her skills and tactics i acquire from her ...she made me realise how to take an opportunity when i see one...
Her name is Dr Lydia virginia woodruff. My colleagues now has realised the importance of Lydia as an account manager and an advisor..my guys were shocked when i told them i made $7000 in 12days with $500 invest,now they're running to invest 😂....mrs Lydia is a Genius ❤
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Her availability via Whats App👆👆She did it for me ....and proved herself ...she can still do it for you ....she is an ideal woman
Thank you. The most important thing in trading is psychology. I understand.
Great video on Friday I sold TQQQ position way too early. I had nice gain but had I just let 1/2 position I woul have gained a lot more. Keep in mind I am happy with the exit. I was in the trade for over 20 days. Thanks for your input and support. We all need this because we are learning.
Great Advice. I have been doing this for the last few months and my profits have gone up considerably.
This is excellent info. Taking some of the emotion out of it! Love it! Feeling more calm...(I have 250 secured) I can relax a bit. Enjoy the ride.
you recently replied to one of my comments on the exact subject. the one from the new trader who took your course and was having success but I commented that if he would stay in the trade longer he would be making way more money. good to see you came back with a little insight on this matter. Great video. I'm thinking about taking your course as I'm struggling right now. keep up the good work.
Great vid, thanks. I've been doing this subconsciously and just didn't realize it but this crystalizes the ideas.
Thank you so much for such great insights!
Thank you so much so much friend for this amazing and helpful video.
I support this guy so much, been following him since day 1! I wonder if he explains his online class just the way he explained this?? Been wanting to take his class bad just haven’t, needed to be fully committed into this trading. Umar great job explain this to us. Be safe!
I have found it helps to know your stragety therefore going into the trade one can set a profit target thus having some idea of knowing what to do because once you are in the profit and don't know what to do the emotions will get the best of you every time.
Well said, thank you. Very reasonable approach.
This is amazing Umar, thank you brother. Question for you, do you ever size up at any point and when? Or are you always scaling out?
this video is pure gold man fr
This was the one bro! The best advice on this topic!
Love your videos Umar. Really would like to see them more consistently!
Can’t believe this is free,,, thank you big bro
🧡💛💚💙 I scalp on 1-minute chart all day in Bitcoin, the only way I got myself to consider holding longer is to look at my 15-min chart and if I think its going to continue I will say "I will exit when this 15-min candle finishes the Close on Green"
Otherwise its just too hard to sit through the up and downs on my 1m in 🧡💛💚💙
I love your videos. It's amazing how you explain the management of emotions. Thank you Umar!
Video is so clear. Thank you
I’ve been struggling with this, I’ll be up for example $500 and it goes down to $400,$300 and I keep thinking oh I’m still up it’ll go back to $500 and I end up breaking even or a loss. Thanks for the video, I will try this approach from now on.
Hello mates where are you from??please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (Andrewwilliamq1@gmail.com)Stay safe all of you
This helped me today, Thanks Ashraf.
Thank you so much this just happened to me with BA 🙏🏾💯
Ba was at a nice price last week. I made good money in paper this week.
This video was perfect for me. I love these videos
It's crazy to think i missed something so obvious yet effective thought.
I'm going to try this trading with 1% of my trading account and closing half at 1% profit.
best video i've seen from Umar.
Add-in structure knowledge and its game over. Because that bonus intel will give your the probabilities of where the market may end up if it went negative or positive.
In order to feel comfortable with holding a position it is instrumental you know how to read the tape and volume indicators.
Incredible video, thank you!
This was beautifully put together brother. Great Job. I always knew I should've been taking partial profits but just couldn't come up with a system that convinced me lol. Got 3% to go on my phase 2 and I'm definitely implementing this in my trading from now on. Like Comment & Subscribe well deserved. Looking forward to watching more of your content for sure.
one must distinguish if a stock is a longer hold and which one is a scalp per say.. when you can define which patterns deserves what type of target i think well all be better off
Damn this should have way more views! One piece I’m struggling with. Watching it run to the moon 🌙 while I sold days before 😂 🤦🏾♂️
I love you Umar shukran for this free game
I really love this idea I know it’ll help a lot
This is what i needed
Great video!!!! Love how you break it down!!
This is just what I needed to hear.
Many thanks Umar for sharing !!!
MashaAllah thanks brother!
thanks so much Umar!!
Great lesson thank you I need it!
Taking profit can is largely a function of position size relative to total account size. I can understand someone with a smaller account who is usually trading concentrated positions having the mindset of generally locking in profits early to free up capital for the next good trade opportunity. Someone with a larger account (say $1million or even just $100k) can easily get into a $10k position on a stock and just let it run. Since they have other capital available to trade other good trade opportunities.
yup, scalping is good. gotta work on that
Valuable strategy right here bro! 🔥🔥
If I let my winners run these last 5 months my 5k investment would be like 30k, I went up to 10k and now down to 6k, and regretting not letting all those winners run when I went up to 10k, but from now on I’m using this strategy and letting winners run because like u said with a full position it’s way to emotional holding it up and down up and down etc
Very helpful video thank you 🙌🏽
Such a beautiful information sir thank you
Thank you bro
Just did this today great advice
Thanks for great video . I am controlling my loose but i let market to decide my gains sometime it works great for me . Locking up the profit is best idea in my opinion because reduce to emotion gives you more patient to wait and see if you can get more some more
Really appreciate your work nice video lots of love from India ♥️♥️
Thanks for this video
Thank you!!
Usefull - thank you Sir!!
Thankyou for the videos bro
You're a great teacher
Thank you.
Thanks bro !!! 👍
I trade based on percentages instead of the actual number. For instance, Day Trading if I will take a +10% profit. Once, I hit +10%, I will sell my entire position.
Fantastic advice
Good stuff man. Recently started doing this and im always in the green i spread my orders out as it goes up i take and initial 25% and then 10% as i reach resistance levels typicialy by the time i reach the top the stock is worn out and makes a reversal which is where i end up selling the rest of my bag for profit if you do this enough times you become a money printer.
So u always in the green whn doing this strategy
Great! Thanks for the info
I agree to everything said in this video. However, in SOME markets - I am not saying all markets - if the momentum is right, it can also make sense to *add to a winning position* . I know CFD trading is not allowed in the USA, however when scalping e.g. stock indices via CFD´s on the short time frames, sometimes I have had great success with adding to winning positions. However, of course, this includes a somewhat higher risk.
Thank you
it's such a simple concept but I didnt apply it to my trades all these time?! thanks so much
sadly i sold too early during elections and well the stocks just kept spiking up, if only i came across this vid earlier
It’s never to late, the market is not going anywhere, as long u have the skill and u pick the correct stock more often than the wrong ones than u could start letting ur winners run with this strategy
Love the content.
Thank you!
I have made this mistake of not booking unrealised profits and have ended up in losses in that trade only.. as option buyer remember one thing it's not like a stock which if you hold will grow.. it should be seen just as momentum weapon.. and focus on booking profits whenever you are in profits.
hey brudda! ever gonna talk about augmented reality? IPNFF is my biggest and longest term hold, ive done tons off DD on them, any advice? im subscribed and will keep watching your videos G
Very helpful information 🙌🙌
Keep up the genuinity!great lesson learnt!
good job my friend , very helpful
thanks
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (Andrewwilliamq1@gmail.com)Stay safe all of you
This idea of trimmig has made a huge difference im telling you.
very useful love it
Great advice and very well explained brother. I usually follow the same strategy booking the profit. Other strategies could take out your initial capital once the initial target meets and leave the free money to run.
Greetings ,I live here in Texas, I Just started trading last week, I am a beginner I never believed I’ll make upto $18,000 in just 1 week from trading but when I met Mr Raini he guided me for free with his strategy and he guides me with the exact time frame to trade and now I just received my first withdrawals $18k in my bank account today I’m very happy I recommend you contact him.,he is very honest and trustworthy he will guide you to make consistent profits
Rainititan@gmail.com)
Great video just what I needed to learn
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (Andrewwilliamq1@gmail.com)Stay safe all of you
Awesome thanks 🙏
Thanks for the information. For additional explanation and superb profit, outlined direction with dimension of all coins. Communicate the verified trading professional below.Thanks
❤ Loved it
Pls make a video on reading the tape, order flow and thanks 🙏
Amazing man 🎉😊
An even better way is to trail that first profit target tightly on a lower timeframe just in case it breaks out of that level, that way you get the best of both world.
Good video! Thanks for the tip!
thank u sir
Great video, awesome way to ride the winner
That's a great video. So obvious after it has been explained.
as newbies we want to see you make a video on Holding a small trade until the day is over. a small 500 dollar account trades. and see how far high our profits will get. with a 500 dollars. Please do a video like this! it's very interesting.