10 Reasons Why You're NOT Making Money Day Trading (2024)

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#trading #stockmarket #daytrading
I breakdown 10 reasons why you're unprofitable as a day trader and what you should do to make money trading.
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Chapters
0:00 Intro
0:16 No base education
2:07 No real edge
3:46 Strategy hopping
5:29 No discipline, no patience
8:14 Tight time horizon
9:59 Not tracking their trades
12:12 Understanding their trading psychology
14:15 Having unrealistic expectations
16:28 Don’t know how to lose
20:27 No risk management
DISCLAIMER I am not a financial advisor and anything that I say on this RU-vid 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

Опубликовано:

5 авг 2024

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Комментарии : 720

@UmarAshraf28 Год назад

I will make a video soon on how I track and journal my trades using www.TradeZella.com

@RaviSharma-wq8ik Год назад

Yes..please make a video on this topic. it is the most needed thing for us..

@moe_rs8399 Год назад

Yes please that would be very helpful

@kelibj3460 Год назад

need more info on tracking trades

@snuftv3698 Год назад

yes please, i need that . thank you so much

@amineabdallah6649 Год назад

Yes do bro thanks

@NicholasBall130 Месяц назад

I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.

@StocksWolf752 Месяц назад

In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.

@StacieBMui Месяц назад

Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

@cowell621 Месяц назад

Could you kindly elaborate on the advisor's background and qualifications?

@StacieBMui Месяц назад

The advisor that guides me is Sharon Lee Peoples most likely the internet is where to find her basic info, just search her name, She's established.

@VictorBiggerstaff Месяц назад

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@momoney4171 Год назад

1. Risk Management 2.A+ Setup when and Edge is presented 3. Discipline 4. Patience I have a problem with psychology discipline and being patient sometimes. I also have a problem with waking up early because of the job I have but overall I will overcome the obstacles sooner then I expect

@dog24 Год назад

same here 😔

@ishaquekc9393 9 месяцев назад

Same

@wibes25 Год назад

Excellent webinar in my whole entire life ! I have attended many webinar but no one talk about risk management,money management,how to become discipline. Hatts off you sir ! ♥️

@spottylofi Год назад

I've been trading for almost a year now. Last month, I finally had a profitable month. This month too, until i got greedy and lost everything (again). This video is just what I needed. Thank you.

@azharhassenamod8396 Год назад

This is the same problem i have. So each day i have a min amount set that if i lose this amount i stop. So as long as most days are profitable in a month....the days where i lose dont matter at the end of the month

@UmarAshraf28 Год назад

You’re welcome!

@Roaster-Note Год назад

Same

@dmctechgamerz6565 Год назад

same here

@simbaevans.3301 Год назад

The fact that you had a profitable month is a clear indicator that you have potential to progress. Let's follow the advice of Umar and we will be consistently profitable

@josephpalakeel9104 Год назад

The real 🐐...all Umar cares about is creating success for everyone through simple but incredibly real education.

@liamlyall178 Год назад

Please keep these videos coming! Loving these and they are so helpful for me and I'm sure many others.

@wdemauro1 Год назад

So much good advice in this video! Thank you for putting this out there. The risk management segment at the end was especially helpful

@lilytea3 10 месяцев назад

0:00: 📚 Traders struggle to make money due to a lack of understanding and experience in the market. 3:29: 📈 Consistency in trade execution and strategy hopping are key factors in achieving profitability in trading. 6:58: 💡 Develop discipline and patience in all aspects of your life to improve trading skills. 10:18: 💼 Tracking trades and analyzing metrics is crucial for evolving as a trader. 13:42: 💡 Trading psychology is crucial for success in trading, and tracking trades and emotions can help identify and address mental and psychological issues. 16:50: 💡 The key to successful trading is being able to accept and manage losses. 20:32: 💰 Traders need to focus on risk management to be profitable. Recap by Tammy AI

@Javier_02906 10 месяцев назад

Thanks for the recap!

@UmarAshraf28 Год назад

Hopefully you guys found value from this video. Give It a thumbs up + subscribe! Also let me know what issues you guys go through as traders!

@alechamid235 Год назад

I always find value in your videos. Keep them coming bro, and thanks.

@jonnatanpeinado3316 Год назад

Yes brother keep it up!, I’m learning a lot from you. Please make your next video on how to journal your trades.

@muhammadrizwan6629 Год назад

Of course it very helpful sir. Please sir give any clue to find valuable mentor. Please 🙏

@plutz3 Год назад

I need to journal but the issue is the cost of the software to track. It's a catch 22. To journal and analyze costs money, money a starting trader does not have. Maybe a video or process on starting Journaling. I would give anything to be profitable enough to afford your software.

@yuri0932 Год назад

Love the message❤ someday i will be profitable trader too!😊

@nicolasbenson009 9 месяцев назад

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

@RaymondKeen. 9 месяцев назад

In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

@RaymondKeen. 9 месяцев назад

I encountered Margaret Johnson Arndt through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.

@anythinggoodproducts 8 месяцев назад

You will die of hunger ...

@alfreduludo384 2 месяца назад

I would look into money market funds

@jorgeteixeira1922 Год назад

I discovered you only a short time ago, and I think you do a remarkable job, clear, precise, very understandable and very honest. Well done and thank you. If you could make a video explaining how we should follow our trades, that would be really useful. I look forward to your next videos.

@gummy8034 Год назад

This guy is the goat and my difficulty is letting my trades run I cut profits to early

@rudyrivero2268 Год назад

These topics should be the first lesson as a trader to take. Appreciate it Umar!

@agronkasolli1259 Год назад

I think every video you making it seem to me it’s more an education than just e video ,much appreciated, thank you U..

@hamidajdari3964 Год назад

Worth watching multiple times. Very helpful articulated points. Thanks for sharing

@tradinglife948 Год назад

Dear Ashraf sir im a beginner day trader of indian market i trade in options i really found your channel very helpfull and u are a person on youtube who is not forcing us to buy there course and the way u talk u talk with sense and point wise highly appriciate i wish one day we will play with our lambo together .... ameeen

@luhanstrydom6786 Год назад

Love the information you share for free here. Helps me a lot.

@Thejackel1 Год назад

I've been in the trading world for about two years, and yes... I've lost money. But I've learned so much about myself during my losses. Definitely the best teacher. Now I've kept it very very simple. Swing trading. MACD, volume and EMA. Always look at last few day, weeks and months for lows and highs. My strategy is buy low always in red , and DCA if it goes lower, and sell in the green. I have my top ten that I trade only. With 2 potentials that I watch for weeks before I do any rotation from my top ten. Then patience. I could go into 2-3 trades and wait for even 2 weeks before profits. And that's OK. So from this video I say, Get to know yourself, set your goals realistically. Watch the charts and day trading for weeks and months to understand what youre looking at, place practice trades .And take your time.

@mandeepdalip Год назад

Amazing video Umar. Great stuff. Please go make a video and share about journaling, tracking trades and what all things are important metrics to measure

@ElMonstruoJr Год назад

Such great information once again. Thank you Umar, ill see you at the top.

@otoobongjohn933 Год назад

I'll appreciate the idea of you making a video on proper trade tracking and journalling

@callipto Год назад

There are so many tradzy peeps on YT that like the sound of their own voice, haven't got anything to say or are just not good at presenting clearly. Finally someone who's great at all of the above. I'm impressed ngl.

@itsme8475 Год назад

You are amazing Man! I have seen lots of "trading advice films" but this is "life tutorial" not only trading! Thank you.

@karanhartim1080 Год назад

From then been following ,your content, and taking notes

@henryglory6158 Год назад

BEST video of the year. point blank period. explanation couldnt be done any better💯💯💯💯

@Iam-BruceLee Год назад

Spot on Umar! Loving the content. Two things I battled with early on was as you said, not cutting the trade at my mental stop and letting hopium take over leading to more of a loss majority of the time and the one that always bit me was going back in for another trade which almost always resulted in giving the days profit right back. Learning to take my profit and walk away for the day was key.

@saiddurra2944 Год назад

God bless you for your fabulous videos- you are the real deal when it comes to being a trader and mentor. I relate to all your video - your the most genuine person on social media giving trading advise

@vultur311 Год назад

One of best, honest video on internet about trading. Tell it like it is.

@adrianbadorrey Год назад

i started looking Umar content not too long ago thanks to one of my trading mentors (waqar) and im loving all this content you are making Umar, thanks a lot. I would love to see a video about tracking and journaling

@ishanphd6690 Год назад

I have been trading for years, have some success doing it. have been watching you for long. You are the most honest person talking from your heart. great advice. 🤘

@piercoucy Год назад

After watching so many videos about trading in RU-vid, finally something that makes sense. Not that I believe anything that I hear, but these are simple and yet important truths.

@dmctechgamerz6565 Год назад

I think most things that you've mentioned hit me hard:)..I am a new subscriber and you are an eye-opener. Thanks bro

@rorinotengo173 Год назад

Gold! A video on tracking and analyzing trades would be great!

@carl-auguststaud8839 Год назад

Thanks Umar so much for your professional advice. So true !!! 🙏👍🙂

@uniqueavi91 Год назад

Umar literally spoon feeding the knowledge guys, don't disappoint him!

@the4thperson_ Год назад

@@TONI__KROOS try to be profitable for the 1st month the profit amount doesn’t matter...

@user-lt3bn5px1s Год назад

thats true innit

@blackdiamondoffthegrid8703 Год назад

Well! You hit all the important point of a successful trader should do! Thanks for sharing!

@okebasi12 Год назад

overtrading which is caused by focusing on target instead of focusing on continuous improvement{which i"m learning from you recently}. You see my attention has been on strategies all these years. i now know that the strategy is not the major problem. Trading psychology{which involves personality improvement and personal discipline not only in the market is absolutely important}, and then managing the lot size. Even with an average strategy I think when the above is put to their place someone can still break even. But, please i personally need a complete tutorial on option sir. I truly appreciate you. I have just seen everything i need to improve my trades. Thanks a lot sir

@khulekanithela7207 Год назад

Thank you broe, your content is equipping us so amazingly. From 🇿🇦 South Africa.❤

@Medina6767 8 месяцев назад

Thank you for hitting everything on the nail! I struggled with all! You have help me tremendously! ❤🙏🏾

@sm-ye9sb Год назад

Thank you, your a good man every trader needs help what ever there experience considering the market is always changing.

@federicocappello7325 9 месяцев назад

I’ve just discovered your channel, incredibly high quality wow… i’ll catch out all the other videos too. Thanks for your work

@benvas1 Год назад

Yes please Umar a video on trade tracking and journaling would be amazing

@VivekKumar-mh1kh 2 месяца назад

Amazing video, brother! Thank you so much for all the knowledge! ❤

@streettacos7959 Год назад

Yes please make a video of how to track the trades! This video is one of the best ones man! Thank you

@rogerover72 7 месяцев назад

Trully good advice...! We as people carry our own " troubles " to the table and it reflects on trades...! All happy to win, very sour to lose...! Your advice its been helping me a lot on how to deal with my trades...! Im not longer upset when i lose and im not excited when i win...! By eatching your 10000000 videos i became a better person...! You transmite that inner peace by way you talk and express yourself, so thank you...! since i started i learnt so much about myself...!

@alexorozco2041 Год назад

keep the videos coming bro thank you.

@santanudutta454 Год назад

Cool pep talks, it helped me a lot in controlling my emotions. Thanks.

@blacksglguystravelingabroad 10 месяцев назад

Thanks for the info. Amazing stuff. Looking forward to the video tracking your trades.

@ahnafthaqeef4316 Год назад

Loving those tips, well said brother.

@MohamedNagy-ke9ef Год назад

Thanks umar for such informative video and for sharing your trading wisdom insights with us.

@RakeshKumar-fm9cr Год назад

Top notch content ! Thanks man

@grigorsimonyan8784 Год назад

Great info Umar. Very good job.

@MrPotatoHeadFX Год назад

Yes, please man. Could you make a video about journaling and tracking. Awesome videos man. Thank you

@mrz007 Год назад

It will be awesome for you to share with us how you track your data and journal, nobody really ever made an in depth video, like steo by step from the moment you place the trade on your platform, to the actual logging of it

@coulibalykakparidjogni4397 Год назад

Thanks a lot! Great content

@adityarajbhar7730 11 месяцев назад

Discipline in personal life ..Awakening points for me..The most important points.Thanks!

@Dubai-wj6jb Год назад

One of the best trading advice video, so informative...❤❤❤

@250milliondman Год назад

I appreciate how honest you are thank you for sharing your knowledge with us.

@HoangzZzzz4 Год назад

I've seen you up your videos quality recently and I grinded through your vids cuz they are helpful, your hard work has paid off man

@simbaevans.3301 Год назад

Thanks. This is really helpful to me .I appreciate it

@ralfklijzing33 Год назад

Very useful video! Thanks Umar 😀👍

@bballah9969 Год назад

Excellent video my friend thank you kindly 👍🏼

@jarepondio Год назад

Awesome content ! Loved it

@ranjanp.n.8497 Год назад

No doubt... The BEST TRADING ADVICE i have seen my whole life

@ferrisabrams5357 Год назад

This for sure gave me a complete different outlook on how I viewed trading.. I appreciate this video so much.. Thank you for this

@cameronoko4344 Год назад

Great video Umar, if you could make another video focused on the edge that would be fantastic!

@AkshitBenara Год назад

THE BEST VIDEO ON INTERNET… THANKS FOR SHARING YOUR EXPERIENCE UMAR❤… IT’S REALLY REALLY HELPFUL 😊

@iloveforex 8 месяцев назад

Thank you for this video bro, i really needed it.

@labzakdxb28 Год назад

Love your content 👍🏾👌🏽

@rob2530 Год назад

Thank you. Really great advice. 🤝😊

@bwbchallenges 2 месяца назад

Thanks man. Am getting there slowly. Yesterday i had to refrain myself entering a very massive trade coz it didn't fit my strategy and plan much as i was right it was bullish but that showed that am getting control on my emotions

@nazimgallo8803 11 месяцев назад

Thank you for sharing more knowledge.

@Jake-xe9kt 4 месяца назад

Excellent advice. Thank you for all your teaching and help! God bless you. Jake

@terrywilliams2349 Год назад

Great video this was helpful!! I struggle with the Fear of losing smh

@anshdoshi10 7 месяцев назад

extremely well-spoken comments on trading, keep it up, Umar!

@crh_55 Год назад

💯 as usual. Excellent video.

@prarthanatamilselvan7109 Год назад

This video helped me a lot sir .... No one ever shares briefly sir ... Everyone is teaching strategies ... But this video only enough to become a profitable trader🙏

@eidatiyeh7952 Год назад

these videos you have been posting lately are amazing

@chrisesparza5584 Год назад

Great video man!

@LeadingWrenLovely Год назад

Absolutely fantastic advice. These words of wisdom are now in my Trading Plan and I spent a couple of hours on this video to properly understand this. Thanks Umar :)

@CamilaFernandez-122 10 месяцев назад

I have an important business update for you.

@Officialumar010 7 месяцев назад

Get intouch 🎉🎉🎉

@hahuynh3653 Год назад

Thank you for your teaching 🙏

@benphan772 Год назад

Thanks for your knowledge and time !!!

@proCreationSound 3 месяца назад

Valueable experienced stuff! 💎Thank you. 🙏🏻

@lalale8869 Год назад

Love your videos. Thanks

@deanwilliams718 Год назад

Good material m8 thankyou !!

@patrikvagi9176 Год назад

Hi Umar, I came across your videos a few days ago and I really liked the info you have given. I want to start day trading. What order flow software would you recommend to start with? (Best would be something that has a free version)

@heckerevil6867 Год назад

thank you such an amazing video it makes me see my mistakes

@angelogouveia2487 Год назад

Very good video thank you, would love to watch a video on Journaling the trades .❤

@juanhiguera3366 6 месяцев назад

I have issues following my stop loss, it seems every time I follow my stop it reverses to the upside again and when I ignore my stop loss it just keeps going down. It keeps messing with my head. But this year trying I’m trying to take every trade as its own and forget about past trades which is really putting my discipline to the test.

@keithwilliams942 Год назад

Good stuff Umar !

@alenrayen1028 Год назад

Wonderful lessons!👏👏Thanks Umar!

@cuttingedgecool7235 6 месяцев назад

Thank you Mr. Ashraf for explaining in detail what is required mentally and emotionally to develop and grow as a trader.

@istiaqueahmed8484 Год назад

These are the most important matters in trading that almost no one talks about. Everyone wants to show how easy is it is. Highly appreciate what you are doing. keep up the good work.

@Officialumar010 7 месяцев назад

Get intouch 🎉🎉🎉