Millionaire Trader Answers Questions About Trading - Umar Ashraf
Вставка
- Опубліковано 4 чер 2024
- I answer some trading-related questions asked on my Instagram. Hope you enjoy :)
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
TIMESTAMPS
00:00 - Introduction
00:20 - "Did the feeling of winning change your perception on losing?"
01:37 - "Would you rank your intuition over your setup?"
02:43 - "How do you pick your top stocks for the day?"
03:44 - "How were you able to scale up your risk tolerance so much quicker than most traders?"
05:22 - "What books would you suggest to someone starting the journey?"
06:09 - "Is it possible to make a million dollars from 10k within a year?"
07:17 - "Have you ever felt like quitting?"
09:07 - "How does meditation help in trading and how to control stress and emotions?"
10:47 - "Every trade I make seems to go against me. Should I do the opposite of what I think is right?"
11:54 - "How do I keep myself from making irrational decisions to keep my win streak?"
14:19 - "Best UA-cam channel for starting trading?"
14:59 - "Your biggest struggles when starting out trading and how you overcame them."
16:40 - "Do you recommend going full-time trader?"
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.
#daytrading #trading #daytrader
Give this a thumbs up if you enjoyed this video :) Also let me know what topics you would like me to cover.
First I would like to thank you Umar for sharing all your helpful information!
I have a few questions for you and would be very grateful if you could give some answers or general guidance.
1. In what way does stock trading differ from forex trading?
2. With what strategy you were most successful?
3. Most useful indicators that you know or use (if you use any)?
4. Do you have any knowledge of how banks trade, target, or overall what kinda algorithms, and systems they use?
5. Do you have any thoughts on AMD strategy (accumulation, manipulation, distribution)?
6. What do you look for in the market before you execute the trade?
7. What kinda a trader are you (swing, day trader,...) and why?
8. I'm looking to get TradeZella, do you have any support team that I can contact?
Thank you for your time!
Keep doing awesome work. :)
#UmarAshraf
'A true gem '. Y great man...
upload live trading videos happy to see your trading style and the way you trade
Music was a bit distracting in the video, would’ve just liked if it was just you talking. Thanks for the value though, you’re the 🐐
Great video! You the man!! I'd like to request videos on your favorite setups, your entry checklists and your R target per trade. If they fluctuate now that you have become a professional, maybe you could give ideas for traders trying to have their first green year. Thanks so much! Again, I love this kind of content. It's very motivational!
This is one of the most genuine channels I have ever watched on UA-cam. Finally someone telling the truth about how trading really is. I'm 4 years in and decently profitable and I can confirm that Umar's concepts work.
Does he have a course?
@@officialerickg7075 His UA-cam Channel ? And if you need strategies watch the Channel " tradinglab" really good and cool Channel and you need No Money :)
Man, your channel just keeps getting better and better, keep up the good work Umar, you are truly an inspiration.
Love the more frequent posting here & ig. Would love to see you go through live or pre recorded trades!
This is my favorite channel on UA-cam! Thank you for giving incredible knowledge
This video is like my trading journey!!! Same doubts, same walls, same struggles! Appreciate this content!!💪
this is what i needed since last 7years
umar bro thank you so much
over time with experience, if you have an edge and are disciplined, your equity curve will be consistently positive. Realising this is also another main factor why losses don't emotionally effect experienced and profitable traders. This is why we can accept a loss as being "part of the game"
I'm down $8k . My whole portfolio is red , think I care ? NOPE.
You are making the video that I always looked for to watch. They are so full of value. Thanks
Adding Mediation with my trading from here ! Thank you Ashraf!
You are the best Channel Mr.Umar. I was on the brink of quitting but after watching your channel and fixing my mental and emotional state I haven't had a loosing day in almost 2 months.
Amazing video! love your honesty and putting real prospective with stressful times of trading
WE NEED THIS TYPE OF VIDEOS, THIS TYPE OF VIDEOS HELPING LOT MORE THAN OTHER TRADING VIDEOS❤️❤️❤️
Love the perspective you have. Thanks Umar!
The best thing about Umar is that he does not show off.
What ever he says does make a lot of sense
Genuine stuff
I'm sooooo glad I found your channel! I think this video might have just saved my trading career! 🙏
Thanks so much for this Umar!
I am from Hong Kong and I just want to say thank you to you as your videos really helps me a lot on day trade. respect!
Appreciate your honesty and taking the time to elaborate on these topics man.
Umar is always giving knowledge and stressing the importance of trading psychology over the amount of money you can make. Implementing strategies, mastering my emotions and getting screentime has definitely gave me more confidence as a trader. Im on my second year now :)... I appreciate you brother!
This is what I’m talking about 🔥 content as always Umar
Awesome mate! Cheers for the advice and looking forward to more!
The greatest advise i ever heard in my life , i hope you will guide us forever like that ❣️ thank you very much sir .
thank you so much for your videos! I binged all your shorts and now working my way through the longer vids. I would love to see some videos outlining your strategies!! 🙏🙌😁 thanks again!
Absolutly love it, wisdom delivered in a very calm way, that zen mode you are in when you are explaning is what i think we should feel while we are about to open a position and while a trade is goin on regardless if its in green or red. Please if you can teach us your way to read the tape ❤️ luv this Mr Umar, may Allah bless you :)
Great work, bro… helps so much
Wow the production level 💯 welcome back Umar, we miss u 😁
Thanks you for putting out many awesome videos. You are the goat of giving knowledge. I have been trading for 3 years and struggled and can't find the answers until i watch your videos. God will bless you spiritually!!!
Umar just doesn't miss anymore he's a legend!!!!!!!
This is my first time in this channel, and I do not know why but I like this dude. He gives that sense of confidence and friendly vibes. Honestly great job overall. Keep it up
Appreciate you! :)
@UmarAshraf28 You are really helpful bro we need you, don't stop with this channel is really great
Very, very good content! Thank you. The way you explain and your advices are pricless.
Thank you so much for this Q&A video ❤ and I am big fan of yours
and wanted to learn your morning setups 😊
amazing content man! i'm into learning trading for 5 years now and all the points you explained is exactly the way I experienced my trading journey, still learning and never giving up because I just love it. struggle to the top!
Love your honesty. The truth is the flex. No music no jewelry. Experience. I'm in the house. WASUP.
I subbed you during the pandemic when the channel was very young and you wouldn't post new stuff for months. Anyhow, I saw something in you and I decided to sub this guy, now that I'm ready to become a trader I find your content invaluable. I always suspect you had a lot of potential.
Love these new video concepts! Learning a lot
Subbed for honest opinions as well as the realistic take on goals and outcomes.
From seeing the way you approach trading you sound like a fundamental trader. And the technical seems very secondary the way you come across. Which is refreshing cos you can nurture a strong fundamental and trade technical in ANY market. Thanks for the video man
Good stuff, really like your recaps breakdowns of your trades. Thank you for sharing your knowledge.
wow this was amazing! please do this more often!!
Love the new style of content. 🔥🔥🔥
It has been while brother. You do not know me for sure :) but your videos and tips have helped tremendously. I remember one famous sentence from your past videos :" Just show up". Thanks for everything.
Keep it up I’m loving the content bro 💯✊🏽
Thanks! These are SOLID advices bro
Amazing video changed my perspective 🤝🏾
Great content brother, thank you.
this video was more valuable than any course
Merci pour ces vidéo Ashraf.
Tu apportes beaucoup au débutant trader merci…
Thanks
I think the biggest thing is how to construct your game plan or play books. After going thru the previous days and weeks My charts can get pretty full, so that could be a great topic as well, if you eliminate certain levels after certain points. I know that certain levels are more common and hold more weight, but those topics could provide great insight.
P.S. I've been using Tradezella, and its been helping tremendously!
been following you for a while and have gain from your realistic trading mode.
You sir are real and we all feel the same way. I feel like I am at the point of holding ground. Hopefully a good year to us all.
Learned alot from you bro . Thank u
Very inspiring.Thank you!!
I’ve been trading for 2 years consistently loosing money! In my studies and journey I don’t think I’ve found anybody that explain things and talks about trading in a more relatable way for me to understand what it is that I’m really trying to achieve with trading! Thank you! A thousand times thank you!
You are really giving such very helpful information.......thnx alot
Hey Umar - thanks for being such an inspiration!
Would love to see a video on the importance of different time frames and how and why higher ones matter more etc
Loving the new setup bro
So many gems here!!! Thanks Bro!!!
Insight prevails!!!
I have watched a few others, BUT Zyours is the BEST. Because you EXPLAIN in detail while others just state what to do.
You are the first to explain what it MEANS to have 2% Risk.
I thought it meant to only use 2% of Capital. I never did that though.
Thanks again
Realy good vids you make!!! Thnx!!!
Hi Umar, love your videos and content! I just started using Tradezella and this is the first journal I've found that I like but having problems with the numbers matching my MT4 platform. I've been talking to Caroline who is great by the way...thank you Umar 🙏
Great video, thank you!
Been watching all your vids this week. Awesome content. I need to humble myself, I am good at reading the charts. But my confidence and ego get me every time. My journal says I have a 90% win rate. But the losses are big cause im still struggling with using stop losses instead of trusting my gut. A whole month winning and the a day blowing the account. Luckily still starting and learning quick, just lost 2.3k so far. Starting small until I can refine and get consistent.
0:27: 💡 The perception of losing in trading changes over time as you gain more experience and success.
2:36: 📚 Intuition is a key component of trading and there are books and studies on it.
5:32: 📚 The speaker recommends focusing on psychology books rather than books on trading strategies when starting the trading journey.
7:54: 📉 Experiencing a trading slump can lead to questioning one's abilities and feeling lucky in past successes.
10:37: 📈 Meditation can be transformative and lead to personal growth.
13:35: 💡 The advice given is to be conscious of trades during a win streak and not let confidence or ego affect trade size.
15:56: 📚 The speaker shares their experience of struggling to become a profitable trader and offers advice on learning from multiple channels.
Recap by Tammy AI
Your videos are awesome! Thank you so much for doing this. I got into trading during covid.. but honestly i was just gambling.. I have started learning now... so please tell us where to start? Like how do I develop correct risk and reward ratios? What are different trading setups? What is sizing? Nowadays there is so much noise in the news. What to follow? Do I need to follow the economic calendar closely? What is sector trading? Fibonacci?
this is some of the best content available, thanks for all your advice.
Q: Once we are profitable, withdrawing etc. What do we do with the money in real life, it would be great to understand more of that side. I got a few ideas of starting companies, investing in real estate etc etc. Thanks
Now we have a video priced in Millions at free of cost❤....we are thankful for the important advice❤
Hi Umar Its a great video. Would like to know more about the way you journal and your checklists before entering and/or exiting a trade.
I'd love to see a video on you explaining the Lvl2 and Tape from your perspective
Thanks
Truly an amazing content
This is so great content! 🔥
in love the way u talk
Love this content ❤❤
Great video!!
Awesome video bro, so much valuable info right here. Is it a good idea to use stop losses for every trade you take? I find myself entering a trade and it starts going below my entry but I prefer to manage the trade myself rather than setting stop losses. Sometimes doesn’t work out in my favor 😅
Amazing content brother❤🔥❤🔥❤🔥
Bro umar love it man just post more lol try to upload about how to get out of a slump and dive deep into the problems that causes slumps.
Great idea, will work on this soon and upload! Thank you for the constant support
so valuable .. lots of love from Ranchi Jharkhand India ❤
Nice video sir. For the last 7 days I was profitable, but today's trade my SL was hit and I decided to call it a day.
Hahaha "if you haven't thought of quiting 55 thousand times are you even a trader!?"😂 I'm half way to that number but when you start seeing consistency, the feeling is next level!🔥 when the trade is just as you've planned, that feeling is the one when you can get in, manage and get out as planned!🙌🏻
Hi Umar, First of all thanks a lot to share such valuable content for newcomers. Your OF approach on trading decisions was so great. Request you to post more content on how you use it with your analysis.
Also try to share the analysis of trades you take on regular basis.
Thanks again.
Very nice & candid sharing Vibes
Thank you!❤
thanks for great vid man
What is your background on education and work before trading successfully? Love your advice
Thank you so so much actually Brother
Great video! 👏🏼
Wow that was really helpful I’m a new trader and this was very insightful thanks
Love it.
i would love a video about how to use volume when trading how to predict price action utilizing volume of course a long with other catalysts, or a video about risk management
Thank you for this video
Thank you Umar ❤
Thank you for being real.
Thanks Umar 🔥
I lost all my PA accounts after $18k in withdrawals; i ignore my rules, become complacent and felt like i got it all figured out.
Took two weeks break, came back and pass ten 50k APEX evaluation on few days ago in ten trading days.
There is no better time to come across this channel than now, this is exactly what i need to get to the next level.
Thanks for your effort, Appreciate you 🎉.
Damn this video was really helpful, thanks.
Hi sir im from india..I got addicted to your videos.. I started following you since 2months sir.. Every day i listen to your videos and i changed my mind set.. I lost 44lakhs in trading.. Know i understood what done in past.. Great knowledge and lessons you're providing sir.. Thank u so much for change my mind regarding stock market❤..
Can you talk about the advantages and disadvantages being both price action and algorithmic trader? Apparently, most trading world cup winners are algorithmic traders, however, I found price action to give more logic to the trading setups and might be less sensitive to changes in market conditions if the trader is decent and chooses not to participate in low probability trades as opposed to algorithms/systems. Thanks, Umar.