2 decades ago you could not even open an day trade account with less than 25k. Some brokers use to offer account possibility to open restricted account with 10k. Things are different nowadays but the principle stays the same. Awesome content man.
My 2 cents, trade on demo until you have a solid two months of consistent profits logged, ideally 10% profit per month logged. This is a good sign that you might be ready for a real account.
I been in this business since 2016, the sudden popularity of the "prop firm" thing in the last couple years really trips me out, back when I first started a prop firm trade desk trader was someone who literally applied to a job to work for one of those and usually had to go into an office everyday, an employee. I really don't see the point in it tbh, but hey to each their own. I've always traded my own money. I'd say don't ween off that sht, as soon as you can get off then get off, take advantage of the proper tax rules futures offer (I'm assuming you are prop firming through futures trading). 1099 you are not getting the best tax treatment futures offer tbh.
I’ve been trying to become consistently profitable for awhile. I’m close but not there yet. Most recently I traded in $1,250 increments. At some point I realized that “Hey this isn’t working. If I’m stll inconsistent, Why am I putting all of this capital at risk?”. Now it’s strictly SPY options, putting a ballpark of $75 to $100 at risk. I recently scaled back to $75 as I was having issues. My thing is the %s are the same regardless of the $ amount traded. Get my %s down then begin sizing up. Eventually I’ll have the same sizing issues as everybody else. But for now that’s irrelevant. When I am profitable, commisions take a good size chunk of the profits. From my perspective, that’s also irrelevant. So, yeah, I’d love to trade in 5k increments. But I definitely feel like I’d better wait until I build my skill level. But with only $75 to $100 on the line, I’m still in the game. I’m also not cavalier about this. I feel like I don’t just think “Oh well, it’s only $100 so it doesn’t matter.” Hopefully I’m not lying to myself!😁😁😁. Sorry, I know my entries are ridiculously long.
my answer - a bedroom bathroom suite (~$100k) with enough cash to cover your portion of property taxes, utilities, and groceries for the year ($7k is enough for most people) - then $1k to trade, and $1k for 'education' to mirror an experienced trader. $110k in wealth is more than enough. Less if willing to do this in a high poverty neighborhood. This will get you going for the first year, to launch successfully.
The real answer is 28k. 3k buffer to fall below PDT. And if you aren't already profitable and have that type of disposable income do it on the side and see if it is.
the part that i don’t understand is that pro traders spend more time doing videos for youtube than trading, why? youtube gives more money than trading?
Most of them do it to gather a community that can help them bag sponsorship deals and big-time partnerships with certain entities which can help them increase their capital. Also, by making a lot of videos they learn more and try to understand a lot from different angles as they answer our questions
A lot of them are scammers but I’d say this guy is legit. Doesn’t post tooo many videos and I’ve been following him for a while and he actually does seem to be a good trader! He’s not scared to post his losses and even was very public during the process of a big loss during Covid!
Hey bro, you truly motivated us. I've been watching your UA-cam videos for the past two years. I have a question for you. According to most people and experienced traders, 90% of people lose money in trading compared to 10%.Do you actually follow the same things as trendlines, patterns, and candlesticks?
My 2 cents, I feel like you can start with any amount, it’s the amount of shares you choose to day trade matters. You can enter a 100 share position on cheaper stocks with little capital and still be profitable. Also, as of May 2024, trades now settle at T+1 days, meaning you can day trade consecutive days with a cash account.
Hi, Umar what are your views on prop firms? Are they scam as some traders point out as the challenges seems to be very hard to achieve 10% in 30 days. I've tried to look for any of your videos/clips to see if you've tackled this subject.
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
please let me know what you think of forex trading Umar id greatly appreciate it , ive started my forex journey and have taken alot of information from your channel
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
quite early morning trades as i'm south african. but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
depends for me i started with mt4 but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
not exactly but i was asking the same thing but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
My Question is that I am trying to learn trading from last 8month myself only. I am strictly following Risk management and I have not lost much as I have salary income I give 2-3 hours to it. I am not consistent still. I want to know if am I going to right path. I believe it is possible to become trader by learning yourself. I have not setup any time limit that I need to learn it in 6months or year, I will give it as much as it will take until I become consistent. I just want if you can let me know that I can become a good trader myself, and I don't need any mentor or trainer. Btw your videos are helpful and entertaining.
Don't go this way mate. Been doing this for 10+ years and the learning never stop. theres is no real point in trading where you got it all figured out. You can learn the basic by yourself you can refine you analysis style by yourself. But when it come to take action in the market as a source of income, you need to have a few other successful trader that will open up their active experience to you. The emotional load is not something you can face alone.
With some brokers, yes. I think a real $20 account is a better learning experience than a demo $100k account. Losing a dollar is more real than losing a fake $1000.
Global stocks headed for their biggest weekly decline in more than three months. European shares fluctuated, with a record 36% drop in Siemens Energy AG’s shares after a profit warning dragging on the broader market. US index futures fell. According to chief economist at UBS Global Wealth Management “Financial markets have had one of those switches in the narrative that happen occasionally, and are starting to worry about higher interest rates driving recessions,” I'm still at a crossroads deciding if to liquidate my $300k stock portfolio, what’s the best way to take advantage of the market?
Mark my words im going to be great in trading ,ive heard it all the from the Dream killers The people wit no vision But ,they never going to stop me My name is Mellow and im going to be a great trader
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
How much money did you start trading with? Also please drop a like if you enjoyed the video! 🙏
great video
Hey could you make a video for starting in canada I do not know what brokerage to use and what do you trade options, stocks or what?
Thank you bro really needed to hear this
Pliz show us what platform u use😢 i dropped a like
Hello Umar, I want to learn directly under you and I am willing to make the necessary financial commitment.
How can I make contact ?
Most genuine person on UA-cam ❤
That’s kind of you!
2 decades ago you could not even open an day trade account with less than 25k. Some brokers use to offer account possibility to open restricted account with 10k. Things are different nowadays but the principle stays the same. Awesome content man.
That is not true I started trading in 2003 and I open my first trading account £1,500
Such an incredible video! I hope people take notes! 🧠💙
I appreciate your constant support! 👏
My 2 cents, trade on demo until you have a solid two months of consistent profits logged, ideally 10% profit per month logged.
This is a good sign that you might be ready for a real account.
I'm on 50% profit with my demo account end of week 2 and I'm still at loss on the how and the why 😢
The edit on these latest videos are🔥. Keep it up man!
Thanks! Will do!
My plan is to keep using prop firm, pay off any extra debt i have, fund a cushioned personal trading account, eventually ween off prop firm accounts.
Everyone’s got a plan till they get punched in the face. So don’t get yourself punched in the face
I personally wouldn’t use prop firm money…
I been in this business since 2016, the sudden popularity of the "prop firm" thing in the last couple years really trips me out, back when I first started a prop firm trade desk trader was someone who literally applied to a job to work for one of those and usually had to go into an office everyday, an employee. I really don't see the point in it tbh, but hey to each their own. I've always traded my own money. I'd say don't ween off that sht, as soon as you can get off then get off, take advantage of the proper tax rules futures offer (I'm assuming you are prop firming through futures trading). 1099 you are not getting the best tax treatment futures offer tbh.
I’ve been trying to become consistently profitable for awhile. I’m close but not there yet. Most recently I traded in $1,250 increments. At some point I realized that “Hey this isn’t working. If I’m stll inconsistent, Why am I putting all of this capital at risk?”. Now it’s strictly SPY options, putting a ballpark of $75 to $100 at risk. I recently scaled back to $75 as I was having issues. My thing is the %s are the same regardless of the $ amount traded. Get my %s down then begin sizing up. Eventually I’ll have the same sizing issues as everybody else. But for now that’s irrelevant. When I am profitable, commisions take a good size chunk of the profits. From my perspective, that’s also irrelevant. So, yeah, I’d love to trade in 5k increments. But I definitely feel like I’d better wait until I build my skill level. But with only $75 to $100 on the line, I’m still in the game. I’m also not cavalier about this. I feel like I don’t just think “Oh well, it’s only $100 so it doesn’t matter.” Hopefully I’m not lying to myself!😁😁😁. Sorry, I know my entries are ridiculously long.
Why risk real money to test an edge?
You can demo trade to test an edge.
Once you’ve proved the edge works trade live small.
I really love how authentic you sound you're my trading G🎉🎉✊
thanks for the explanation, very helpful for beginners like me who are learning in the nfc community.
Thanks for your honesty
This guy is always give a good advises.
4 K video that's awesome and sounds good!
Great advice, thanks Umar. I need to understand the markets and what I'm doing before investing more capital into this!
Glad it was helpful!
always droping fire
First to comment
Love from a Nigerian trader ❤️
Sir u make my phychology very good love from India
Thank you from teaching sir
Thank you for saying up front about losing money and such, this might not be the thing for me right now 😂😂
Good video tho!
Forever finding value in these videos ❤
good stuff love your videos
my answer - a bedroom bathroom suite (~$100k) with enough cash to cover your portion of property taxes, utilities, and groceries for the year ($7k is enough for most people) - then $1k to trade, and $1k for 'education' to mirror an experienced trader. $110k in wealth is more than enough. Less if willing to do this in a high poverty neighborhood. This will get you going for the first year, to launch successfully.
The real answer is 28k. 3k buffer to fall below PDT. And if you aren't already profitable and have that type of disposable income do it on the side and see if it is.
Ran 21$ to 600$ then saw it all run down💔💔 its a lesson
I did 50$ to 1000$.. and then 3 weeks later i was -1000$, so lost the 1000$ and 1000$ more…😢
@@SoraKemono-Tashibut it doesn’t mean u gotta pay back the -1000 u lost tho right? U only lost the $50 u spent?
the part that i don’t understand is that pro traders spend more time doing videos for youtube than trading, why? youtube gives more money than trading?
Co ask 😅
Most of them do it to gather a community that can help them bag sponsorship deals and big-time partnerships with certain entities which can help them increase their capital.
Also, by making a lot of videos they learn more and try to understand a lot from different angles as they answer our questions
A lot of them are scammers but I’d say this guy is legit. Doesn’t post tooo many videos and I’ve been following him for a while and he actually does seem to be a good trader! He’s not scared to post his losses and even was very public during the process of a big loss during Covid!
Thanks Umar
heyy umarr , can u please make a video u live trading? , would love to see that . thanks
Sahi kaha ashraf saab 👍
PDT rule is USA specific
do you do couching?
Tq...keeps in touch..
thanks for the video
Hey bro, you truly motivated us. I've been watching your UA-cam videos for the past two years. I have a question for you. According to most people and experienced traders, 90% of people lose money in trading compared to 10%.Do you actually follow the same things as trendlines, patterns, and candlesticks?
I’m glad the content is helping you!
May Allah SWT bless you brother.... Very important points ❤
Can you do a video on order flow...thanks
Good advice. Good analysis.
Thanks for sharing
CMEG is a broker in the Bahamas that gets around the PDT rule
Thanks live from Uganda
Bought AWS36S after watching your video, super excited! $💰
Absolutely. It's an exciting time to be in crypto. Strap in and enjoy the journey.
this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??
On tele gram?
My 2 cents, I feel like you can start with any amount, it’s the amount of shares you choose to day trade matters. You can enter a 100 share position on cheaper stocks with little capital and still be profitable.
Also, as of May 2024, trades now settle at T+1 days, meaning you can day trade consecutive days with a cash account.
Umar make videos on technicals
Do you look at pre-market and aftermarket for charting and drawing out zones or do you just focus on the trading hours?
Yes…
sir drop a new trade break down video
Hello Umar bro why you are not coming to Pakistan 1year ago you came
Nice video
Thank you
Bro make a video about key levels how to find that levels what are the points that satisfy for u to draw a key level
Hi Umar what do you think about the wheel option strategy?
Listen to this man! He lost a lot of money before. You can tell how careful he is now.
Hi, Umar what are your views on prop firms? Are they scam as some traders point out as the challenges seems to be very hard to achieve 10% in 30 days. I've tried to look for any of your videos/clips to see if you've tackled this subject.
If you want to day trade and don't have $25,000, just use different brokers that you trade within the legal parameters on different days of the week.
Where can we learn to do trading for those who havent with very small capital like 50 dollars
Very good advice my dear friend Umar you're the best Trader spy...
Hug's!!
Any thoughts on xrp ?
400$ dollar i deposit once now i have 6000$ in my forex trading account it's all about patience and goog oppertunity
hey how much where you doing per trade??
sir drop a new trade break down
Love from India
Hi umar do you do 0 zero day expiration date for options or longer time frame
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
Great channel ;)
I did not get it, what PDT 3 letters actually stand for ?
Can someone tell me please
Pattern Day-Trading
Which Broker would you guys recommend for a beginner?
heard of hara alonso? you should look up the web
Fidelity is really good but I personally use Etrade
Good morning sir
how much costs the tools like simulator, chatroom, ...?
In UK you can't trade futures on binance
please let me know what you think of forex trading Umar id greatly appreciate it , ive started my forex journey and have taken alot of information from your channel
How would you start if you had a fully involved 7-330EST?
cash accounts dont have PDT rules
doesnt day trading rules not apply to a cash account?
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
We are eagerly waiting for forex trading strategies
I just wanna ask what maybe the best timeframe to trade?
quite early morning trades as i'm south african. but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
Can you give us a watchlist stock for small accounts please
What do you trade? Futures, options, normal stock, forex?
2 Accounts Blowed Learnt Alot Doing with last $100 My Mommy Gave me
where does someone use to start day trading?
depends for me i started with mt4 but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
so what is the minimum amount i can put?
Does he trade forex? I'm still confused what kind of trading he does and does he have a course
not exactly but i was asking the same thing but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
here before this go viral
Bro will the market go down in 2023?
Hi @UmarAshraf please throw some light on options and day trading, is it halal or not ????
that's the problem if you don't have 25k you can't even run the BOT
I stated ₹10000 for learning day trading
Have you ever heard about prop firms?
he trades stocks not forex.
if you trade forex, well then you know what to do
My Question is that I am trying to learn trading from last 8month myself only. I am strictly following Risk management and I have not lost much as I have salary income I give 2-3 hours to it. I am not consistent still. I want to know if am I going to right path. I believe it is possible to become trader by learning yourself. I have not setup any time limit that I need to learn it in 6months or year, I will give it as much as it will take until I become consistent. I just want if you can let me know that I can become a good trader myself, and I don't need any mentor or trainer. Btw your videos are helpful and entertaining.
Don't go this way mate. Been doing this for 10+ years and the learning never stop. theres is no real point in trading where you got it all figured out. You can learn the basic by yourself you can refine you analysis style by yourself. But when it come to take action in the market as a source of income, you need to have a few other successful trader that will open up their active experience to you. The emotional load is not something you can face alone.
Bro can I upload shorts by making them from these long videos I'll give you credit plss 😢😢
This is hard
We are expecting a new video on this week ❤
Sent you a report you sneaky scammer 🤣
no money to lose 😭😭😭😭😭
Operation
👏👏👏
Can you start trading with £20?
With some brokers, yes. I think a real $20 account is a better learning experience than a demo $100k account. Losing a dollar is more real than losing a fake $1000.
Y that mic is on ur face 😮
Global stocks headed for their biggest weekly decline in more than three months. European shares fluctuated, with a record 36% drop in Siemens Energy AG’s shares after a profit warning dragging on the broader market. US index futures fell. According to chief economist at UBS Global Wealth Management “Financial markets have had one of those switches in the narrative that happen occasionally, and are starting to worry about higher interest rates driving recessions,” I'm still at a crossroads deciding if to liquidate my $300k stock portfolio, what’s the best way to take advantage of the market?
If you don't have at least 25k to start I would say give prop firms a go and just pass their challenges and use their capital
How does one go about doing this?
How
@@ラッセル9728 chech ftmo, mff , tft
Forex!
Mark my words im going to be great in trading ,ive heard it all the from the
Dream killers
The people wit no vision
But ,they never going to stop me
My name is Mellow and im going to be a great trader
Can you make videos in hindi
Is day trading allowed islamically?
Is it halal money?
I am biganr sar fast taim ternding
Hmmm😢couldn't make first 🥇 comments