Asslam o alaikum umar bhai can i know about your strategy name how gives you maximum output and one thinghow we captured the market like magician thanks
Umar, you have good enough followers, I request you for the sake of protecting capital of so many traders that you a video showing reality of trading that even after everyone gives their best, there is mostly 90-95% chance that new traders will try and fail or continue to fail in trading. You must make everyone aware that there is only 5-10% chance of becoming a successful trader making profit. This video coming from you can save many accounts from being blown. After making them aware, you should also recommended the correct steps and path to genuinely become profitable. Traders need this.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I've been sitting on over $545K equity from a home sale and I'm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'lI advise you to seek the help of a professional.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Not true at all... Companies are making record profits... Believe it or not, the market isn't as bad as some people have made it look... In all honesty, as a beginner investor who knows next to nothing, I have made over $15k net profit in a few months of day trading ... I'm a retiree, and I am using these extra resources to keep body and soul together that I want.
I have never drawn up a spreadsheet... It's of no relevance to me... I do practically everything through an investment expert, Kelly Marie Matwick... You can look her up she's registered.
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 Katherine Flores.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Hallelujah!!!!!!!!!!! The daily Jesus devotion has been a huge part of my transformation. God is Good 🙌🙌🙌🙌🙌🙌🙌🙌🙌was owing a loan of £47k to the bank for my son's brain surgery(Samuel). Now I am no longer owning after I invested £6500 and got my payout of £290k every month, God bless Sandrina Edmondson 🇺🇸🇺🇸🇺🇸
"Facts: It's hard to be patient when you don't know what you're supposed to be waiting for. Work on that playbook, then work on your discipline and patience to stick to it."
*Excellent! I really do have a question. For someone with less than $1000 to trade or above. How would you recommend we enter into trading as a newbie? I would greatly appreciate any suggestions*
Am new to this channel. I suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you, and let you know when to enter and exit trade for maximum profit as she trade for you. This goes a long way to ensure winning trades.
I'm not shocked that Mavis name was mentioned. My weekly returns are mind-blowing From $27K that's the minimum range of my profit return every week I think it's not bad one for me, now I have enough to pay bills and take care of my family.
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 Katherine Flores.
Flores' expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.
What a great video, I love everything you said, it always makes me wonder what it would be like if we had not established financial systems all over Europe
Yes Umar, correct. 1) Psychology is the hyped logic to sell their courses. 2) You can take bad decisions when you don’t have your setup defined 3) As long as your setup is defined exits and entries must be refined through that 4) Your psychology helps you in different vantage points and approaches 5) Rule book helps you in Overtrading too. 6) Your psychology comes in play when you can’t let your winners run and let your losers run
I've been sayin this since it dawned on me too, a rock solid strategy trumps "psychology" and to develop that takes time, but once you have it down you just follow your strategy to the T and a true strategy has many nuances and subtleties because it needs to adapt to any environment, volatility, seasonality, different types of market etc, and that requires a lot of repetition, experience, screen time so on and so forth once you've completed all these stagies you're just a robot, executing the program, this is the final level, and we know robots don't have emotions therefore no need for "psychology"
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Kendrick). Glory to God.shalom..
That's why the late Mark Douglas always said that he expected people already had an edge before he could start his psychology lectures...coz his work was not to teach edge.
I wonder how it gonna looks like when a new trader without experience in trading decide to learn trading by reading trading in the zone at the first place... Cuz, i dont think they gonna absorb or understand the information what is going on if they never experience the trading process itself.
100% Facts I was thinking this the other day me coming in as a new trader I always was thinking why are people pushing psychology so hard when your edge should be number one and strategy once you have one then you will conquer the psychology. Data notes and edge will refine all that as well. Journal journal journal. Great video Umar im glad you made this.
Psychology does not equal emotion. Psychology is about your beliefs and your mindset - the way you think. Emotions are then physiology - a body/chemical response to the thoughts. Your beliefs about trading can impact HOW well or poorly you design your edge... as well as how you react to price when trading that edge. In my opinion, better mindsets unlock better edges and aid better emotional management down the road. 1. Psychology should come first. Understand the game AND how to think about it. Understand yourself, the responsible party clicking buttons. 2. Let that knowledge help you build and refine your Edge. 3. Finally, emotional awareness, breath work, and meditation can unlock clarity and better execution. of course, one will probably only move through things in that order if they have a mentor directing them... which I wish I had when I started
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $610k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since August last year, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Trading psychology is important, BUT... it only comes ONCE you have a profitable strategy tested! I use www.TradeZella.com --> to backtest and build my strategies and also track my trades.
Dear sir make video on How to Dovlpae Edge in market.. Make out of the Box video...!!! I lost 17000 thousands dollar💰 in cripto future trading.. I'm near dead... 🤕😭
Highly disagree, an Edge is useless without control of your emotions, you need both, you need to build both at the same time, you'll NEVER have an edge if your mental is going against you...
Edge needs to exist first before you believe that your emotions are the reason your edge “isn’t working”… I’m Not saying emotions aren’t important, but you need to develop an edge FIRST, showcase it works and it’s proven. Once you scale it with capital, emotions will pop up and should be tackled THEN.
I get what he’s saying. You can fall into the trap of overfitting a backtest. It’s when the rubber hits the road and you’re trading in live markets that you will see if you truly have an edge. If your emotions are in the way while forward testing you can cloud your results. But the answer is already in the video: Start small and size up. Also I would like to say this is a quality video. Much better than the 99% of trading bullshit that the UA-cam algorithm puts on my and everyone else’s feeds. Thanks for doing this for the trading community.
Wonderful brother!!!! I am a new trader.....started 2 months ago.... I can relate to wad you say...!!!! Nd honestly....untill now....by default.....I am trying to approach it the other way.. .!!! 1st emotion...2nd system And I end up blaming my psychology.... Felt it today itself...!!! After exiting my positions....!!!! SO A VERY FRESH EXPERIENCE 😂😅... WELL ..YOUR WORDS HAVE MOTIVATED ME TO NOW CHANGE MY APPROACH..... AND HOPE TO GROW....AND CHANGE Thanks!
rofl There's actually a video on this guy's landing page about "7 things he learnt in 10yrs trading" and the last section is "trading psychology" in which he explains that "trading is 90% emotion, there's so much psychology involved, I can't stress this enough." Clearly a very serious person.
I disagree, I think emotions play a role during the entire process. From the very beginning and it’s something you must continue improving in if you want to continuously grow in trading. But I also agree that there’s a lot of beginner traders that blame emotions when in reality they haven’t developed a trading edge.
I know traders who have no care about motions that jumped right in nd made money and continue to until this day. They knew nothing of psychology. It is simply buy and sell starting with a 50/50 chance. Build from there.
Can I use your website, I'm live in India, in India forex trading is illegal Your website is zenven........ means Is there no issue of deposit and withdrawal problem......??
This is so important. Without an edge, all the psychology in the world is useless. People in the comments are misunderstanding your video and think it’s an or argument.
I love it that people are bringing more light to this, i have a friend he went live after two days of learning about forex, he didn't even know what a pip was and he was like i can't do demo there are no emotions, that's when i realised a lot of people don't really know how to trade😂😂😂😂😂
Miss consept. Gambling is not bad because everything is gambling. Gambling becomes a sin when you are a worshiper of god of good luck. When you start to depend on luck for success. One of reasons why normal gambling was not allowed is because will destroy your finances and you stand zero chance. But if you become a professional gambler is still evil because in reality is like you are stealing money. (You understand the concept of value bet better than others which puts you at advantageous spot) all in all is pure abitrage.
I understand your point but i have been doing this for 3 years now and what i feel is from these two things your peychology is most important and then your risk management if you have these two even if u trade with the coin toss everytime u can make profit but its not and shouldn’t be the end goal
I totally agree with you, why because before an edge I can't even control or i doesn't have a plan in the market to enter, exit and all after I found my edge, set up i figured all then i can control my lose emotions all stuff❤❤
You have to die many times in order to reslly live....take the journey to find your edge...some people have no pribilleges to see the imbalance of sellers and buyers like you
Lost me.. with out the emotional stability all the edges in the world will not work for you. When you are an individual who suffers with impulse control or amygdala hijackings it doesnt matter if you have the best strategy in the world if you cant execute it. All of your trading plans and criteria go out of the window before you even have a chance to realise what happened. So yes you need to have your psychology in order just so you have an opportunity to apply any of your strategies.. all of what you are talking about means nothing of someone cannot control themselves.. respectfully
He does not agree with himself look at the title and then the first thing he say's "THAT IS TRUE TO A CERTAIN EXTEND" how can something be true to a certain extend and and bullshit at the same time.
All these gurus saying controversial shit for views and clicks. Technicals and psychological go hand in hand to become a solid trader. Not one is bigger then the other they are a puzzle that goes together in order to be a successful trader. Anyone saying other is lying to you.
Could you please make a video about strategies/paterns that you look for when trading something like crypto. Like what kind of patterns you look for besids the footprint chart/dom. Like, what triggers you into something like 'OH! We git someting here... Could you make a real in depth widow about that? And what kind of books could you recommend to people who whats to start daytrading? THANKS!! you're helping me a lot understanding daytrading🙏🏽
Umar is absolutely right. Profitable strategy is the first and foremost. Without an edge, trading psychology isn't going to propel you into profitability.
A trader who constantly made losses will listen to all profitable traders stories, and once they become a profitable trader, they will create their own story
True. Without positive expectancy strategy, all you can do by being psychologically strong is to confidently and consistently lose money. When there is proven strategy, no need to think hard, just follow plan and probabilities will do the rest. Unless a trader is on meds or mentally unstable, every healthy human is already psychologically strong enough by default to make money when there is a proven plan.
Hi Umar, you are exactly talking what i thought, i will be one day a great trader like you. after a huge loss, i am now with clear edge and RM for all my trades together with my playbook. great man, BR Siva
Claiming trading psychology oversimplifies things. Emotions impact trading decisions, and ignoring that can lead to mistakes. It's crucial to recognize the role of psychology without entirely dismissing it.
Absolutely. Emotions can cloud judgment in trading. Acknowledging the challenge and seeking advice from a financial advisor who understands both the market and human behavior is key. It's not about ignoring psychology but managing it wisely for better outcomes.
Trading psychology is a very broad topic… most traders don’t even think the way how successful traders think… Why not everyone has succeeded in the turtles experiment? Those traders were given best edge and were surrounded by best traders… In the environment where each trade has uncertain outcome what would think will come first ? Your edge or your mindset?
you can have an edge and not make money consistently(due to lack of trading psychology) You can have develop trading psychology and not have an edge(due to lack of developing a structure in an unstructured environment) Solid video ❤️
I've always wondered... the only way I can manage my emotions successfully is when I have a proven edge with rules. If I operate within my rules and my system I am not emotionally connected to the trades since I've followed my playbook. It's only when I break my rules my psychology becomes wrecked.
I seen a great interview, guy said A baker needs a recipe at first, after 1,000 cakes, he makes the cake without thought, in fact he will tweak the recipe to make it better. When you try to make a cake without a recipe and fail, that's when you start doing ice baths and meditating thinking it's your psychology. It was something like that
Agreed But Disagreed. 1. Having control over your emotions is consider an edge in the market 2. An Edge Is developed by experience not indicators, but indicators can help you get the edge faster 3. The whole premise of trading is to have a play book which essentially gets you in on a trade due to more logical factors rather than emotional factors (ex. revenge trading) Conclusion: Saying Trading Psychology is Bullsh*t would be a huge overstatement as emotions are the basis of bad trades for most traders...
Emotions can be a basis for “bad” trades only once you have a proven strategy with minimal capital… if not then your bad trades are already bad with no edge but blame is going on emotions and not “strategy”. My point is, emotions matter but AFTER strategy/ edge is proven.
@@UmarAshraf28 Yup 👍 Of course emotions is a secondary thing as you need a strategy to play the game if not you're just gambling. I think minimizing emotions is nothing but BS from your intro and title and explanation is the only problem here. Conclusion: I agree but narrowing down emotion to BS isn't the way...
Brother, your content is GOLD or should I say BTC!!!! When I’m doing my notes,,,,,,,,,…I can hear your voice in my head. Crazy… Thank you 🙏 God bless 🙏
2 years back I was just trading with Price Action concepts....Now I have started using Data Analysis with Price Action and trading Opening Range Breakout & the results are improving....But as you said I've no control over emotions and many times I end up with frustration 😢
I have noticed over the years that the subconciousness plays a massive role in being a consistent trader over the long term. If one struggles eg with an inferiority complex and one´s trades becomes profitable, the urge to prove oneself or being pridefull kicks in and creates a biased narritive on the market. Hidden emotions are extremely dangerous when it comes to trading.
It doesnt though because you never know whats gonna happen next lol ("making sure?" there is no certainty... ZERO) you never know if you have a winning strategy because any strategy can make money, intuition is the "holy grail". Eliminating emotion is a by product of taking conscious control of the emotions themselves and changing the beliefs that trigger the emotions so theres no longer any potential to feel those negative emotions. YOU DONT NEED TECHNICAL ANALYSIS PEOPLE, ANY FORM OF IT, ZERO, ZIP, SQUAT! No offense to Umar, great trader, but Mark douglas has this dude beat by a mile. Trading Psychology is the only thing that matters. "Edge" is literally everywhere.
I was just thinking of developing an edge by watching your interview with first thing thrust .......and how can i do that .....what is the proper way ....and this video uploaded ....thank you universe ......thank you sir ....this videos means alot to me
Couldn’t of said it better. There is no doubt that trading psychology is extremely important, but it’s completely useless unless you can prove it’s an issue. The only way to prove it’s an issue is to have an edge and display difficulty allowing that edge to play out. Then and only then can you address it as a psychology issue. Anything in trading is secondary to actually having an edge.
*Excellent! I really do have a question. For someone with less than $11,000 to trade or above. How would you recommend we enter into trading as a newbie? I am looking at trading with professional trader and copying their strategies rather than trading myself. I would greatly appreciate any suggestions*
Definitely emotions only pop in after we try to scale and want to make money out of it. Before that while discovering the edge or process, its hard time just figuring it out, whats working and not working, emotions are there but they are different kindof. The real work come in when you have a system and you tested it and now you are going x times capital on it. After that its what comes out of you, how you deal with quantity. Those are the real emotions , when u loose on a tested system and you say it's just ok, call it a day and moove on, Believe me constructing that thing, not loosing urself in it, is the biggest deal .
Umar Sir we only have the same( bad )writing and the way of explanation with scrap drawings. I did will teaching - only short cuts🤣🤣. I wish I could become a profitable trader soon following ur free tips. Thank you.
100 % correct!! the point of this video is if you don’t have a good strategy, you’re not be able to trade, yes having an edge is difficult but you follow your rules of your strategy, the psychology doesn’t affect your trades…
Should I make a video on HOW to develop an edge? If so let me know👇
Definitely
yes!
Yes
Maybe make a better video on trading psychology first, because this shows how little you know about it.
Yes
Asslam o alaikum umar bhai can i know about your strategy name how gives you maximum output and one thinghow we captured the market like magician thanks
Versidium keeps popping up in my crypto circles. Seems like a rising star!
can i link my etoro account to tradezella?
Umar, you have good enough followers, I request you for the sake of protecting capital of so many traders that you a video showing reality of trading that even after everyone gives their best, there is mostly 90-95% chance that new traders will try and fail or continue to fail in trading. You must make everyone aware that there is only 5-10% chance of becoming a successful trader making profit. This video coming from you can save many accounts from being blown. After making them aware, you should also recommended the correct steps and path to genuinely become profitable. Traders need this.
What if I have no emotions but then have an edge? Is this good?
Realistically if you have an edge you will have good phycology.
Blcktken300 is the embodiment of crypto euphoria! 🌟
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I've been sitting on over $545K equity from a home sale and I'm not sure where to go from here, is it a good time to buy into stocks or do I wait for another
opportunity?.
Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'lI advise you to seek the help of a professional.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Just wondering from your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
None! 🚩the market is so volatile RN. It's getting harder to satisfy Wall Street.
Not true at all... Companies are making record profits... Believe it or not, the market isn't as bad as some people have made it look... In all honesty, as a beginner investor who knows next to nothing, I have made over $15k net profit in a few months of day trading ... I'm a retiree, and I am using these extra resources to keep body and soul together that I want.
Hi Mr Ducky, your profit margin is quite impressive for a beginner. Can you share your spreadsheet or journal? Thanks if you reply.
I have never drawn up a spreadsheet... It's of no relevance to me... I do practically everything through an investment expert, Kelly Marie Matwick... You can look her up she's registered.
Great video. Im a huge Blcktken300 fan and love your videos on it.
Need more Blcktken300 content. Converted my ETH to BTC but kept my Blcktken300
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 Katherine Flores.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Katherine Flores too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Hallelujah!!!!!!!!!!! The daily Jesus devotion has been a huge part of my transformation. God is Good 🙌🙌🙌🙌🙌🙌🙌🙌🙌was owing a loan of £47k to the bank for my son's brain surgery(Samuel). Now I am no longer owning after I invested £6500 and got my payout of £290k every month, God bless Sandrina Edmondson 🇺🇸🇺🇸🇺🇸
"Facts: It's hard to be patient when you don't know what you're supposed to be waiting for. Work on that playbook, then work on your discipline and patience to stick to it."
Exactly not having a playbook trigger wrong psychology, impatient
*Excellent! I really do have a question. For someone with less than $1000 to trade or above. How would you recommend we enter into trading as a newbie? I would greatly appreciate any suggestions*
Am new to this channel. I suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you, and let you know when to enter and exit trade for maximum profit as she trade for you. This goes a long way to ensure winning trades.
Please I'm a beginner, and am really interested. where can someone willing to start up trading reach Mavis?
Mavis mostly attend to client's on Telegrams, using the user name.
*@Mavis131 that's it*
I'm not shocked that Mavis name was mentioned. My weekly returns are mind-blowing From $27K that's the minimum range of my profit return every week I think it's not bad one for me, now I have enough to pay bills and take care of my family.
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 Katherine Flores.
I'm surprised that you just mentioned Katherine Flores here. I met her at a conference in 2018 and we have been working together ever since.
Flores' expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
You trade with Katherine Flores too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
P&L Please looking like you are making the audience fool. Real trader never hesitate to share his P&L and loss making always gives excuse.
Sounds legit
Can I show you my edge to see what you think?
What a great video, I love everything you said, it always makes me wonder what it would be like if we had not established financial systems all over Europe
Yes Umar, correct.
1) Psychology is the hyped logic to sell their courses.
2) You can take bad decisions when you don’t have your setup defined
3) As long as your setup is defined exits and entries must be refined through that
4) Your psychology helps you in different vantage points and approaches
5) Rule book helps you in Overtrading too.
6) Your psychology comes in play when you can’t let your winners run and let your losers run
best comment on this post 💯💯💯💯
I've been sayin this since it dawned on me too, a rock solid strategy trumps "psychology" and to develop that takes time, but once you have it down you just follow your strategy to the T and a true strategy has many nuances and subtleties because it needs to adapt to any environment, volatility, seasonality, different types of market etc, and that requires a lot of repetition, experience, screen time so on and so forth
once you've completed all these stagies you're just a robot, executing the program, this is the final level, and we know robots don't have emotions therefore no need for "psychology"
@@scorpioindigoo thanks mate
Hindi channel please 0:52
Thank you Lord Jesus for the gift of life and blessings to me and my family $17, 100.47 weekly profit Our lord Jesus have lifted up my Life!!! A. V
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Elizabeth Cabral
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Kendrick). Glory to God.shalom..
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
That's why the late Mark Douglas always said that he expected people already had an edge before he could start his psychology lectures...coz his work was not to teach edge.
I wonder how it gonna looks like when a new trader without experience in trading decide to learn trading by reading trading in the zone at the first place... Cuz, i dont think they gonna absorb or understand the information what is going on if they never experience the trading process itself.
I dunno. Mark Douglas told me to not worry about psychology, and just buy cheap OTM weekly call options.
@@deedsofdecapitation7477i buy otm options and yesterday turned 200 into 1105.
What matters is defined strategy and trending market
On my experience when a person have an edge that's he truly understand he probably have a good phycology automatically.
100% Facts I was thinking this the other day me coming in as a new trader I always was thinking why are people pushing psychology so hard when your edge should be number one and strategy once you have one then you will conquer the psychology. Data notes and edge will refine all that as well. Journal journal journal. Great video Umar im glad you made this.
Those struggling to pass a challenge reach out 🔥
Solid advice.
Psychology does not equal emotion. Psychology is about your beliefs and your mindset - the way you think. Emotions are then physiology - a body/chemical response to the thoughts.
Your beliefs about trading can impact HOW well or poorly you design your edge... as well as how you react to price when trading that edge.
In my opinion, better mindsets unlock better edges and aid better emotional management down the road.
1. Psychology should come first. Understand the game AND how to think about it. Understand yourself, the responsible party clicking buttons.
2. Let that knowledge help you build and refine your Edge.
3. Finally, emotional awareness, breath work, and meditation can unlock clarity and better execution.
of course, one will probably only move through things in that order if they have a mentor directing them... which I wish I had when I started
Powerful, coming from someone about to get started at 50! This dog's gone learn some new skills.
exactly bro
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $610k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since August last year, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
*@mellon-wrigley3* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Trading psychology is important, BUT... it only comes ONCE you have a profitable strategy tested!
I use www.TradeZella.com --> to backtest and build my strategies and also track my trades.
i mean he cant focus on a one person u can watch his videos
Dear sir make video on How to Dovlpae Edge in market.. Make out of the Box video...!!! I lost 17000 thousands dollar💰 in cripto future trading.. I'm near dead... 🤕😭
Highly disagree, an Edge is useless without control of your emotions, you need both, you need to build both at the same time, you'll NEVER have an edge if your mental is going against you...
Where is your lambo and a $4M house?
He literally just said that
Did you watch the full video? Asking for a friend.
Edge needs to exist first before you believe that your emotions are the reason your edge “isn’t working”… I’m
Not saying emotions aren’t important, but you need to develop an edge FIRST, showcase it works and it’s proven. Once you scale it with capital, emotions will pop up and should be tackled THEN.
I get what he’s saying. You can fall into the trap of overfitting a backtest. It’s when the rubber hits the road and you’re trading in live markets that you will see if you truly have an edge. If your emotions are in the way while forward testing you can cloud your results. But the answer is already in the video: Start small and size up.
Also I would like to say this is a quality video. Much better than the 99% of trading bullshit that the UA-cam algorithm puts on my and everyone else’s feeds. Thanks for doing this for the trading community.
I love watching Umar Ashraf, Stock Brotha, & Everything Money. Love them all! ❤ ❤ ❤
How to Create Account in think or swim please with this video and make a tutorial of think or swim please ❤
Sir please this videos in Urdu language please help me 😭😭😔😢😢
demo king strikes again 🎉🎉
Wonderful brother!!!!
I am a new trader.....started 2 months ago....
I can relate to wad you say...!!!!
Nd honestly....untill now....by default.....I am trying to approach it the other way..
.!!!
1st emotion...2nd system
And I end up blaming my psychology....
Felt it today itself...!!! After exiting my positions....!!!! SO A VERY FRESH EXPERIENCE 😂😅...
WELL
..YOUR WORDS HAVE MOTIVATED ME TO NOW CHANGE MY APPROACH.....
AND HOPE TO GROW....AND CHANGE
Thanks!
Hi sir please tell me how to pick right stocks for intraday trading
rofl There's actually a video on this guy's landing page about "7 things he learnt in 10yrs trading" and the last section is "trading psychology" in which he explains that "trading is 90% emotion, there's so much psychology involved, I can't stress this enough." Clearly a very serious person.
Please make a video on HOW to CONQUER emotion ? This will help many traders like me..
One of the best explain of
Edge & Emotions👏👏👏
I disagree, I think emotions play a role during the entire process. From the very beginning and it’s something you must continue improving in if you want to continuously grow in trading. But I also agree that there’s a lot of beginner traders that blame emotions when in reality they haven’t developed a trading edge.
are you profitable.. do you make at least 6 figures a year trding?
I know traders who have no care about motions that jumped right in nd made money and continue to until this day. They knew nothing of psychology. It is simply buy and sell starting with a 50/50 chance. Build from there.
@@godsoracle1212 true bro, but the consistency curve of profitability doesn’t last long without an edge
Can I use your website, I'm live in India, in India forex trading is illegal
Your website is zenven........ means
Is there no issue of deposit and withdrawal problem......??
I highly disagree with you..
This video gave me more guidance than any Trading psychology book. Thanks Umar.
This is so important. Without an edge, all the psychology in the world is useless. People in the comments are misunderstanding your video and think it’s an or argument.
Sorry I’m a noobie…what is an Edge ?
👶 grasshopper what is value bet?
I love it that people are bringing more light to this, i have a friend he went live after two days of learning about forex, he didn't even know what a pip was and he was like i can't do demo there are no emotions, that's when i realised a lot of people don't really know how to trade😂😂😂😂😂
This man has quickly become the Tony Robbins of trading.
Someone answer this question, Isn't day trading fall into haraam. Everyone has told me it's like gambling hence it is haraam.
Miss consept. Gambling is not bad because everything is gambling. Gambling becomes a sin when you are a worshiper of god of good luck. When you start to depend on luck for success. One of reasons why normal gambling was not allowed is because will destroy your finances and you stand zero chance. But if you become a professional gambler is still evil because in reality is like you are stealing money. (You understand the concept of value bet better than others which puts you at advantageous spot) all in all is pure abitrage.
I understand your point but i have been doing this for 3 years now and what i feel is from these two things your peychology is most important and then your risk management if you have these two even if u trade with the coin toss everytime u can make profit but its not and shouldn’t be the end goal
I totally agree with you, why because before an edge I can't even control or i doesn't have a plan in the market to enter, exit and all after I found my edge, set up i figured all then i can control my lose emotions all stuff❤❤
You have to die many times in order to reslly live....take the journey to find your edge...some people have no pribilleges to see the imbalance of sellers and buyers like you
Lost me.. with out the emotional stability all the edges in the world will not work for you. When you are an individual who suffers with impulse control or amygdala hijackings it doesnt matter if you have the best strategy in the world if you cant execute it. All of your trading plans and criteria go out of the window before you even have a chance to realise what happened. So yes you need to have your psychology in order just so you have an opportunity to apply any of your strategies.. all of what you are talking about means nothing of someone cannot control themselves.. respectfully
I think those disagreeing with Umar need to first understand the meaning of edge. To put it more precisely, statistical edge.
He does not agree with himself look at the title and then the first thing he say's "THAT IS TRUE TO A CERTAIN EXTEND" how can something be true to a certain extend and and bullshit at the same time.
Mashallah beautiful stuff, just watch your back though, sometimes when you give out the truth, some people may come after you.
Do you used funded account for your success or you used only your money
All these gurus saying controversial shit for views and clicks. Technicals and psychological go hand in hand to become a solid trader. Not one is bigger then the other they are a puzzle that goes together in order to be a successful trader.
Anyone saying other is lying to you.
Could you please make a video about strategies/paterns that you look for when trading something like crypto. Like what kind of patterns you look for besids the footprint chart/dom. Like, what triggers you into something like 'OH! We git someting here... Could you make a real in depth widow about that? And what kind of books could you recommend to people who whats to start daytrading? THANKS!! you're helping me a lot understanding daytrading🙏🏽
Please start a trading course on your pattern
Umar is absolutely right. Profitable strategy is the first and foremost. Without an edge, trading psychology isn't going to propel you into profitability.
Would be cool if you had a telegram channel and called out your trades in real time!
A trader who constantly made losses will listen to all profitable traders stories, and once they become a profitable trader, they will create their own story
True. Without positive expectancy strategy, all you can do by being psychologically strong is to confidently and consistently lose money. When there is proven strategy, no need to think hard, just follow plan and probabilities will do the rest. Unless a trader is on meds or mentally unstable, every healthy human is already psychologically strong enough by default to make money when there is a proven plan.
Hi Umar, you are exactly talking what i thought, i will be one day a great trader like you. after a huge loss, i am now with clear edge and RM for all my trades together with my playbook. great man, BR Siva
Claiming trading psychology oversimplifies things. Emotions impact trading decisions, and ignoring that can lead to mistakes. It's crucial to recognize the role of psychology without entirely dismissing it.
Absolutely. Emotions can cloud judgment in trading. Acknowledging the challenge and seeking advice from a financial advisor who understands both the market and human behavior is key. It's not about ignoring psychology but managing it wisely for better outcomes.
Like Carl Jason Cohen
What pairs you personally traded plzzz.... Future is bullshit follow btc
All facts brother ❤
This is the summary about everything you need to be profitable i swear 😢 🙏🙏🙏🙏❤
Trading psychology is a very broad topic…
most traders don’t even think the way how successful traders think…
Why not everyone has succeeded in the turtles experiment? Those traders were given best edge and were surrounded by best traders…
In the environment where each trade has uncertain outcome what would think will come first ? Your edge or your mindset?
Mindset becomes a problem when you don't understand the edge of your strategy
Hey Umar, can you do a video on how to build confidence as a trader
ict
But why you have trading psychology book in your back
ict
thank you so much teaching us this today, I managed to find the missing piece I need in this video *huggs*
you can have an edge and not make money consistently(due to lack of trading psychology)
You can have develop trading psychology and not have an edge(due to lack of developing a structure in an unstructured environment)
Solid video ❤️
I've always wondered... the only way I can manage my emotions successfully is when I have a proven edge with rules. If I operate within my rules and my system I am not emotionally connected to the trades since I've followed my playbook. It's only when I break my rules my psychology becomes wrecked.
I seen a great interview, guy said
A baker needs a recipe at first, after 1,000 cakes, he makes the cake without thought, in fact he will tweak the recipe to make it better.
When you try to make a cake without a recipe and fail, that's when you start doing ice baths and meditating thinking it's your psychology.
It was something like that
We need a video of how to build your own strategy
Build a strategy is not hard. Building a strategy that's have an edge that's super hard.
ict
Agreed But Disagreed.
1. Having control over your emotions is consider an edge in the market
2. An Edge Is developed by experience not indicators, but indicators can help you get the edge faster
3. The whole premise of trading is to have a play book which essentially gets you in on a trade due to more logical factors rather than emotional factors (ex. revenge trading)
Conclusion: Saying Trading Psychology is Bullsh*t would be a huge overstatement as emotions are the basis of bad trades for most traders...
Emotions can be a basis for “bad” trades only once you have a proven strategy with minimal capital… if not then your bad trades are already bad with no edge but blame is going on emotions and not “strategy”. My point is, emotions matter but AFTER strategy/ edge is proven.
@@UmarAshraf28 Yup 👍 Of course emotions is a secondary thing as you need a strategy to play the game if not you're just gambling. I think minimizing emotions is nothing but BS from your intro and title and explanation is the only problem here. Conclusion: I agree but narrowing down emotion to BS isn't the way...
Bro it's hard to increasing by 15% my account???? Pls answer my question
Brother, your content is GOLD or should I say BTC!!!! When I’m doing my notes,,,,,,,,,…I can hear your voice in my head. Crazy…
Thank you 🙏
God bless 🙏
2 years back I was just trading with Price Action concepts....Now I have started using Data Analysis with Price Action and trading Opening Range Breakout & the results are improving....But as you said I've no control over emotions and many times I end up with frustration 😢
Mark my words!! Umer Ashraf is going to launch a course 😅👌 😂
I have noticed over the years that the subconciousness plays a massive role in being a consistent trader over the long term. If one struggles eg with an inferiority complex and one´s trades becomes profitable, the urge to prove oneself or being pridefull kicks in and creates a biased narritive on the market. Hidden emotions are extremely dangerous when it comes to trading.
That makes sense by making sure you have a winning strategy to begin with, it will eliminate a lot of the emotion before you even place a trade.
It doesnt though because you never know whats gonna happen next lol ("making sure?" there is no certainty... ZERO) you never know if you have a winning strategy because any strategy can make money, intuition is the "holy grail". Eliminating emotion is a by product of taking conscious control of the emotions themselves and changing the beliefs that trigger the emotions so theres no longer any potential to feel those negative emotions. YOU DONT NEED TECHNICAL ANALYSIS PEOPLE, ANY FORM OF IT, ZERO, ZIP, SQUAT! No offense to Umar, great trader, but Mark douglas has this dude beat by a mile. Trading Psychology is the only thing that matters. "Edge" is literally everywhere.
What is edge actually mean?
I was just thinking of developing an edge by watching your interview with first thing thrust .......and how can i do that .....what is the proper way ....and this video uploaded ....thank you universe ......thank you sir ....this videos means alot to me
SImple and clear explanation of the fundamentals of trading. This kind of knowledge only comes from self reflection and experience.
Min 3:15: Imbalance between buyers and seller! What a BS! For every buyer you need a seller, otherwise there is no transaction.
What he meant was orders in buying or selling higher than the other which can spike the price either way lmao
Couldn’t of said it better.
There is no doubt that trading psychology is extremely important, but it’s completely useless unless you can prove it’s an issue.
The only way to prove it’s an issue is to have an edge and display difficulty allowing that edge to play out.
Then and only then can you address it as a psychology issue.
Anything in trading is secondary to actually having an edge.
*Excellent! I really do have a question. For someone with less than $11,000 to trade or above. How would you recommend we enter into trading as a newbie? I am looking at trading with professional trader and copying their strategies rather than trading myself. I would greatly appreciate any suggestions*
Hello
Definitely emotions only pop in after we try to scale and want to make money out of it.
Before that while discovering the edge or process, its hard time just figuring it out, whats working and not working, emotions are there but they are different kindof.
The real work come in when you have a system and you tested it and now you are going x times capital on it.
After that its what comes out of you, how you deal with quantity.
Those are the real emotions , when u loose on a tested system and you say it's just ok, call it a day and moove on,
Believe me constructing that thing, not loosing urself in it, is the biggest deal .
Sit down like man next time
Umar Sir we only have the same( bad )writing and the way of explanation with scrap drawings. I did will teaching - only short cuts🤣🤣.
I wish I could become a profitable trader soon following ur free tips. Thank you.
sir hindi is so beutyfull please explain in hindi
Trading psychology is absolutely necessary for when the edge doesnt work.
100 % correct!!
the point of this video is if you don’t have a good strategy, you’re not be able to trade, yes having an edge is difficult but you follow your rules of your strategy, the psychology doesn’t affect your trades…
🔥🔥🔥🔥🔥🔥
A great video would be a showing everyone an example of edge and how to backrest it.
Even not believing in trading psychology IS TRADING PSYCHOLOGY 😮
The man I look up to, always speaking facts, no bs.