That is another big shift I have made. I used to hold too long expecting to make 1/5-6 R. After analyzing the numbers I realized I had many trades that were up 2-3 R and went to my stop giving back all the profits. I now take a quick 1-2 R early in the session and either just call it off for the day or trade only A+ setups.
Couldn't agree more. My problem is always trying to hit a home run but now I've come to realise that the small and consistent gains are the ones that are going to grow my account
I did that this week! Although I did feel a bit of see profit take profit at times but you don't lose money taking profits but indeed you lose out on money but with time that will improve
I dont trade but I watch Umar to help with my risk management when it comes to gambling and I must say, alot of the advice he gives are golden even in regular gambling.
Small 1 or 2 percent gainers add up big time. On top of that you can still make great amounts of money if your capital is there. 1 or 2 percent of 30k is 300 to 600 which is a great amount of money to make whether you wanna admit it or not.
Yup i was down $1064 2/1, now im down only $403. When i break even ima be doing my same take small profits n small losses strategy. If anything double down n buy an extra contract if the market looks like an easy buy opportunity 🙏🏾
Beginners take serious note because this is what I’ve been struggling with for years. But he’s right, those small wins over time is what builds your account up.
We all wanna have big trading days? Brother..anything that can keep me from working a 9-5 job where the bosses mood depends on how hard our job gets that day is better than anything. I’m 19..I refuse to wait til I’m 67 to retire. That’s my whole life gone.
Part of the problem is the inconsistent message we get from experienced traders. For example, in best loser wins Tom Hougard basically starts the book off by chastising anybody who cuts their wins short. In fact, the saying is let your winners run cut your loser short right? Yet at the same time we’re being told it’s OK to take small profits and just worry about catching a part of the move. So which is it?and that’s just one example of many. In fact, I feel like I could write a book just on the conflicting bullshit that we hear.
when i was demoing I was making a killing off 20-30 pips. then when i paid for funded and tried to get 70 pips + and it reverses everytime. lmao psychology is real
You decide to become a scalper and don't look back. A trade 8-10 index points is already a big trade to Close. The stop is about 4-5 points. Most trades are +/- but at the end of the week you just need at least 16 plus to become Millionaire 😉 Risk each trade: 2% This is the highest Level a trader can reach, a totaly cold disciplined scalper. Less than 1% can do. From 25k you can make your first 1M during 15 month. Well, there are times like the past 3 weeks, you can make a goal of the whole year, by let trades run. Its about your experience to recognize a good market. But be carefull with breaking your own rules 👆... This needs much of experience
You mentioned letting the winners run in a previous video. So when you say small wins is there a tin line between letting a trade run until expiration vs having a small win percentage that you close out on consistently?
@@valueinvestment7452 When you say you decrease your risk what do you mean because your rusk can't be what you invest is what you're comfortable with losing..ao explain ?
Absolutely true.
Those experienced can relate with what you said.
Thank you ashraf
Yeah this hyena speaks truth
That is another big shift I have made.
I used to hold too long expecting to make 1/5-6 R.
After analyzing the numbers I realized I had many trades that were up 2-3 R and went to my stop giving back all the profits.
I now take a quick 1-2 R early in the session and either just call it off for the day or trade only A+ setups.
And this is exactly me nowadays.
Yea keep it realistic
Couldn't agree more. My problem is always trying to hit a home run but now I've come to realise that the small and consistent gains are the ones that are going to grow my account
Very true... tiny profit gives me 35% every month. But I am too much greedy.
he is right, i was trying to do home runs and lose 50% of my capital 😅
Not only you😅😅😅
@@pierrephilippecajou1136 lol 🤣🤣🤣.
I think its newbie Proplem🤣🤣🤣
@@nxy214 No it isnt! There are Guys having that Problem after 10 years.
Yeap 😂 lets do this on the right way boys and get this profit 😁
my account blow up my bro
Absolutely right bro
0.5% gain of your account for every day, at end of the month you will have 50% profit.
How is it calculated?
Is there a month with 100 days ? 🥴
@@Ucef63s compounding says Hello. Learn it
@@Akr09145went right past your head buddy
@@Akr09145 i know what compounding is. But as u can see he didn’t mention any compounding in his comment 🙂
I did that this week! Although I did feel a bit of see profit take profit at times but you don't lose money taking profits but indeed you lose out on money but with time that will improve
I dont trade but I watch Umar to help with my risk management when it comes to gambling and I must say, alot of the advice he gives are golden even in regular gambling.
Small 1 or 2 percent gainers add up big time. On top of that you can still make great amounts of money if your capital is there. 1 or 2 percent of 30k is 300 to 600 which is a great amount of money to make whether you wanna admit it or not.
You hear that ladies? Don’t underestimate tiny gains
Your advice are really helpful thanks alot
I love your honesty thank you😊
True👍👍👍
I get a home run on all my losses 😂
Thank you
Thanks.
wow that’s so powerful ❤
Absolutely true I have been doing that and that's a habit I need to stop
Thanks I learn it now.
So true ❤
Yup i was down $1064 2/1, now im down only $403. When i break even ima be doing my same take small profits n small losses strategy. If anything double down n buy an extra contract if the market looks like an easy buy opportunity 🙏🏾
This guy is so right
Beginners take serious note because this is what I’ve been struggling with for years. But he’s right, those small wins over time is what builds your account up.
We all wanna have big trading days? Brother..anything that can keep me from working a 9-5 job where the bosses mood depends on how hard our job gets that day is better than anything. I’m 19..I refuse to wait til I’m 67 to retire. That’s my whole life gone.
Nice advice brother 👍🏻
He's a fraud brother 😂😂
@@NBI.1
How bro he has shown every years verified p&l don't give wrong information
Yeah ❤
honestly all of us understand this. but our inner devil never let us trade like that :v
Ain't that the truth...
🎯
Part of the problem is the inconsistent message we get from experienced traders. For example, in best loser wins Tom Hougard basically starts the book off by chastising anybody who cuts their wins short. In fact, the saying is let your winners run cut your loser short right? Yet at the same time we’re being told it’s OK to take small profits and just worry about catching a part of the move. So which is it?and that’s just one example of many. In fact, I feel like I could write a book just on the conflicting bullshit that we hear.
True bro
Perfect
Hello,year 3 in crypto and I've only recently managed to keep the balance.I'm really proud of me ❤
Compound is the 8th wonder of this world - wb
❤
Then overtrading happens... Charges leads to loss... And hope comes in during losses leading to sure negative balance...
true
👍🏼👍🏼👍🏼
Word
how you manage your consistency and not allow greed to beat you through it,any advice?
Small Wins compounded, manage losing trades
🔥🔥🔥🔥
when i was demoing I was making a killing off 20-30 pips. then when i paid for funded and tried to get 70 pips + and it reverses everytime. lmao psychology is real
but...that was like entering a tiger cage everyday.
So what would be ideal win? 1% of investment?
Bruh i got 150% gains on a day. Nobody got time for 30% a week.
You decide to become a scalper and don't look back. A trade 8-10 index points is already a big trade to Close. The stop is about 4-5 points.
Most trades are +/- but at the end of the week you just need at least 16 plus to become Millionaire 😉
Risk each trade: 2%
This is the highest Level a trader can reach, a totaly cold disciplined scalper. Less than 1% can do.
From 25k you can make your first 1M during 15 month.
Well, there are times like the past 3 weeks, you can make a goal of the whole year, by let trades run. Its about your experience to recognize a good market. But be carefull with breaking your own rules 👆... This needs much of experience
Get out of my trading account!! When I keep it small the wins start happening
But 1:2 we must target if its not looking we shouldn't put the trade
You mentioned letting the winners run in a previous video. So when you say small wins is there a tin line between letting a trade run until expiration vs having a small win percentage that you close out on consistently?
SmallER losses
Is 30% in a couple of weeks considered alot?
I did that😂
1 crore invest kiye to kitna profit milta hai sir
Can I assume You are talking about Scalping ..... Pls Reply ❤❤❤❤
Bro is saying 100$ is a small amount
Bro 50$ is my home run
And 6-7 dollar is actually tiny amount
Bro on a different level to u…. We all started small bro thats how you get big
@@Jeremiah.77 bro 🥹
A couple of HOUNDRED here and there are not small gains
Umar small wins really makes sense but when you're going for small wins how do you set your risk ? Please respond..thanks much
Have you figured this out? I had the same question.
Do you have to decrease your risk? I normally go with 1% Risk
@@valueinvestment7452
1% risk ok great..but 1% of what your position size ?
@@valueinvestment7452
When you say
you decrease your risk what do you mean because your rusk can't be what you invest is what you're comfortable with losing..ao explain ?
So true I learnt the hard work
Thanks
.
❤