9 Biggest Lies About Day Trading...

Подписаться 744 тыс.

Просмотров 201 тыс.

50% 1

#daytrading #entrepreneur #trading
I breakdown 9 myths about Day 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
0:11 Myth 1 Trading Everyday
0:46 Myth 2 Need A lot of Money to start trading
1:34 Myth 3 Holy grail strategy
2:35 Myth 4 You need indicators
3:39 Myth 5 More Screens
4:38 Myth 6 Need a College Degree
5:14 Myth 7 Need More Money to make money
6:24 Myth 8 Trading is easy
7:53 Myth 9 What goes down will go up
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

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 377

@UmarAshraf28 Год назад

What are the craziest myths you've heard about trading? Comment down below!

@JackDaws0n Год назад

ZERO to HERO overnight. NO.

@user-ov8hh6nc4l Год назад

Algo buy/sell signals

@joeyc1326 Год назад

You start trading and within a few months you buy a Lamborghini and trade for less than 1 hour a day with a laptop sitting on the beach.

@kingbobb8389 Год назад

Not enough people including yourself talk about just how much mental game is in trading. I’ve been amazingly good at understanding the movements of the market but execution is always off and I always get stopped out. Whether options or futures, the mental game is draining

@weaponizedz8711 Год назад

@@joeyc1326 Are you talking about Oliver...

@mazproductions2634 Год назад

Don’t trade to get rich. Trade to by yourself time and freedom. Fall in love with the independence of working from anywhere on your schedule and for yourself. Master your craft and let the money come to you. Find the beauty in it

@anuforpraisengyiah5682 Год назад

Absolutely positive

@journeytobetterjes_erazo87 Год назад

Well said 💕

@blackunicornimaginethat9535 Год назад

Absolutely, we'll said❤

@g.rajeshkumar2690 Год назад

Absolutely positive explanation

@shotbykeonta 5 месяцев назад

facts🤝🏾

@user-wc8ew1od8i Год назад

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

@julietgates Год назад

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@user-wc8ew1od8i Год назад

Google his name:;

@user-wc8ew1od8i Год назад

Yuval ERic Brokman:

@user-wc8ew1od8i Год назад

search his full name:

@user-wc8ew1od8i Год назад

you will find him on the internet::

@Kimdavid109 11 месяцев назад

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio..!

@Donaldsmith109 11 месяцев назад

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

@Judithmoy109 11 месяцев назад

very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional…!

@priyankamahatma6672 11 месяцев назад

wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

@Judithmoy109 11 месяцев назад

Gretchen Marie Hostetter That’s my licensed Financial advisor you can easily look her up, Thank me later!

@priyankamahatma6672 11 месяцев назад

Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.

@t.h.i.b.o.w Год назад

Great video, you said it all ! thanks a lot for this

@PrakashBabu_Sankuri Год назад

Thank you so much Umar. Nice and good suggestions for all confused and newbies.

@user-nn7wf3xl8v Год назад

Hi Umar, thank you for the amazing content always. I am new to this field, and the information from all your videos is helping, alerting, and motivating me. I hope I would be a good trader one day :). Thank you.

@Cool0772 3 месяца назад

You nailed it buddy that's why I follow your channel keep it up

@user-wc8ew1od8i Год назад

Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13,000 every single week...

@julietgates Год назад

The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?

@user-wc8ew1od8i Год назад

Google his name::

@user-wc8ew1od8i Год назад

Yuval Eric Brokman::

@user-wc8ew1od8i Год назад

search his full name::

@user-wc8ew1od8i Год назад

you will find him on the internet:

@snipezzzgh Год назад

I’ve been trading for nearly 3 years. Still non profitable . I thought I was when I made a big trade recently but then blew my account. I trust that you’ll help me in my journey now that I’ve subscribed to your account. Keep it up my brother !!

@dmctechgamerz6565 Год назад

i've watched lots of different videos ever since I wanted to start trading. But you're videos bro are the best. I think I will watch all your 246 videos as an inspiration.

@nikonunez9471 Год назад

I follow you for over. 3-5 years and your video quality had improved a lot👀

@kennnn2011 10 месяцев назад

Li feel your videos is pure and honest sir. Thank u for this content. I feel day trading is to trade against our will and emotions

@haideramz5804 Год назад

Umer you're a gem when it comes to busting trading myths

@LeadingWrenLovely Год назад

Fabulous video, its in my trading plan already :)

@simpiwemaqwara2184 Год назад

Thanks for being so honest Umar👌

@willssforex Год назад

Loving the consistency🙏

@clementekpo7606 Год назад

Great vid man🖤 Though I don't agree that 'when you trade your competing with the market'

@rajanjand1355 Год назад

Great learnings ,make vedo on how to enter and exit in a trade as a day trader also discuss how to put stop loss.

@2WheelO.G. Год назад

Focusing on R multiple has significantly improved my trading. Looking at wins and lossess from a standpoint of how much I lost versus How much I was anticipating to gain is truly amazing. For example if I made $100 on a trade but I was risking $50 is a profitable system. New traders dont build or focus on risk management systems and look for holy grail technical systems. I highly suggest any new trader reading this to build a risk management system in congruent with your technical system.

@delapoakinwale5126 Год назад

Thanks for this!

@StargateMax Год назад

About 8: Trading is simple, but not easy. And, as you said, what makes trading super hard is our own emotions and mindset. The more fkd our mindset is, the harder trading is.

@Beginner-Trading-Strategies Год назад

Thanks for debunking these myths! Totally agree with you.

@jayjay-br3xv Год назад

Hi Umar, your video is fantastic. Thank you so much for this great video. I learnt a lot. I am trying to achieve trading success using scalping with indices (ES). I just want to know whether it is possible to get large returns consistently as a scalper? I am learning and training now about 6 months now. I just want a confirmation that I am in the right path. I want to know before it is too late. I found a strategy and I want to stick to it for sometime without changing like I used to do.

@kaybaba9593 11 месяцев назад

You are so right ......nice one

@chrisbruce5533 Год назад

This is the type of video to keep saved to watch often. Great vid.

@dritanvarfi5274 Год назад

Good points, right on!

@AmazonSeller-fj6ut 9 месяцев назад

no bullshit just pure reall harsh truth thanks my man

@anuforpraisengyiah5682 Год назад

Before accepting these truths costed me alot.. Though not recovered, thanks for putting it all in one. Respect sir

@crazymadelyn9900 Год назад

One true thing I’ve heard ..patience pays!!!🎉

@ultraomega1584 Год назад

Great Video!

@raydavies5249 Год назад

Excellent as usual Umar. Thanks

@howtoo6573 Год назад

You said that the video relative to what a beginner should look for would pop up, but it didn't. I would like to watch it

@khalidhakimi93 Год назад

use indicators with price action and not price action with indicators, so your interest of buying and selling should come from price action and then use an indicator as an extra confirmation and take a calculative position

@Jessicatorres_768 11 месяцев назад

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

@blessingpaul5484 11 месяцев назад

That’s crazy, I’m just doing everything wrong with my portfolio.

@brittanynicolette9473 11 месяцев назад

The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.

@KatherineAnderson-lm8bw 11 месяцев назад

Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

@SophiaBint-wj8wn 11 месяцев назад

Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.

@alicebenard5713 11 месяцев назад

That's impressive! I could really use the expertise of the advisor, my portfolio has been stagnant.... Who’s the person guiding you?

@jerrodtham Год назад

well said. Please expose more

@ImJ45 5 месяцев назад

I have been listening to Umar and truly he is worthy listening

@abdullahmahmood6295 4 месяца назад

fighting your demons in trading just hits hard bro!

@Dara-43210 Год назад

Yes you are correct if you have lot of money put on a trade your returns will be bigger as compared to one that has 1000 dollars put to trade in absolute terms. But at the same time you should be aware that your losses will also be bigger if your trade goes against you. Hence first as each individual, know how much money if you loose on a trade is comfortable with you and then position your quantity size accordingly.

@Traidenn Год назад

Keep up the content 🔥🔥 waiting daily for your releases

@rjoutdoorpassions8142 Год назад

Best video iv seen so far 💪👊

@AbdulAziz-ov3em Год назад

Dear Thank you for the informative video's

@Mrnocosign Год назад

Great video

@deeshankumar6526 Год назад

Excellent advice. Execute the trade when an opportunity is available. Needs to trade not gamble.

@claudetterobinson-hewitt5639 Год назад

Thank you Umar!!! I have been trading since April, yes I'm going through hell, but I have also made money too. I still need support which is also hard to get. Some traders are not trust worthy, and I have found that out too. Thanks for your input!!

@aaronlee123456789 Год назад

totally agree with u on all the points except the monitors. u need at least 2 but 3 is the max.

@brueski2249 Год назад

34in ultrawide is perfect

@beverlyfong5545 Год назад

From the day I ever heard or saw anything online about trading , 5 years ago , you were the first successful young trader I ever saw and aspired to be like . Now forward to 5 years and still seeing you do your thing just tells me how much more of a work we got to put in regardless of being consistent now for a year . Thanks for being such a great motivation . Much love from Africa Cameroon .

@HarmonizeFX Год назад

Not every indicator is lagging. Leading indicators do exist. For example the Central pivot range

@Marekatka-iu9hr Год назад

Hi, I'm new and I like watch your channel. I have question to all ... What app do you use ?

@chrisbruce5533 Год назад

Great way to stick to each point and break them down and in a great pace. Thanks man

@TheBenjammin 8 месяцев назад

Its the emotional part i struggle with. Ill never be successful until i can learn to be patient and conyrol my emotions. For me its the hardest part.

@cebrailkusbey Год назад

I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest

@Danivolnek Год назад

Hi! Thanks for the video. My hardest part was to don't give a fuck if I lose a trade.

@thekagetrader Год назад

This is gold 💛

@MoTheTacticalTeenTrader 8 месяцев назад

00:00 Debunking day trading myths 01:10 No such thing as a secret strategy or indicator 02:24 Indicators are not a reliable way to predict market movements. 03:42 You don't need a college degree or multiple screens to become a profitable trader. 04:53 Day trading doesn't require a degree or license, but it's easily accessible. 06:09 Trading is difficult and requires emotional control. 07:29 Trading is hard and requires focus on hardcore truth 08:43 Be careful buying stocks just because they are cheaper now

@izuddin1978 11 месяцев назад

Thanks for sharing....

@supremehinduism7990 5 месяцев назад

Thanks lots sir...

@grant4011 Год назад

Thank you Umar

@g.rajeshkumar2690 Год назад

Great evening sir

@zaherrajae2707 Год назад

❤ from Afghanistan. All you said in this video is true, but each myth you're talking about need an hour explanation because a trader at least 2 year of experiences understand what you are talking about with their meat and boons but new trader get it just as nice tip and forget it until they see these.

@michaelsturgill736 Год назад

thanks great video

@narindersingh6980 Год назад

Thank you 👍

@yonastesfay2831 Год назад

Thank you bro

@WaveFin 10 месяцев назад

I do not know what he is talking about, but I like him. He is telling you something you don't know it is good.

@BINUMARFX 7 месяцев назад

Hold on I must comment today may Allah bless you umar your vedios change my life in trading journey ❤

@MrDBonilla062 Год назад

I don’t see the video you suggested in the video to go take a look at for beginners and what to look for

@saichannel28 Год назад

great video

@TheKobytan Год назад

Love this new format man! Learning more than ever

@Scymaster Год назад

3 Golden Rules for trading forex: 1. Trade size should be never more than 33% of your current funds. 2. Patience while trading, you decide when you enter the market, wait for your desired price, even if it takes weeks. 3.Dont day trade or short its more like a gambling, you buy cheap and keep it , trend takes long time to change, dont expect overnight profit. you sell when you see a decent profit

@theterror9926 Год назад

broski spitting facts

@jaywedo2370 Год назад

Trading is difficult. It’s a mental game more than it is your skillset. Once you crack day trading, it then becomes easy. But your emotions still fall into play. Once you have control of your emotions and STICK TO YOUR PLAN, only then you will get the results. But some losses always come.

@goodman1127 Год назад

You are never such a good trader not to take shitty trade blowing your account

@JRM---516 Год назад

Agreed. Made more than a quarter-mil in my first 5 months of trading. Banked 8 grand this morning in a half-hour. Lots of research and careful planning goes a long way.

@ankeherholdt6384 10 месяцев назад

I completely agree! Trading is 99% Psychological. Trading is one of the most difficult careers on the planet. Hats off to all the Traders out there.

@chimsloyalty3880 Год назад

There’s most definitely a holy grail in trading its money management

@user-so3jw4tz1y Год назад

What do you think about order flow (Institutional trading way)

@robloxqw Год назад

Nice video

@salv236 Год назад

great video, her is one that makes me laugh, trading is gambling, its only gambling if you treat it like a casino

@ankeherholdt6384 Год назад

The only thing I disagree with is with the strategy. There is no secret strategy, but in order to be profitable you need to have an edge. You need to have a strategy that works for 'you'! That's what I believe.

@kerem6132 Год назад

@MPlain Год назад

you can intraday trade everyday. i do have days where i do little or nothing. but i take an M15 set up and wait for it. If it comes. i'm in. It usually comes. If it doesn't. whatever. We are not talking mega pips here. i average around 30. good days. hit 70. bad days hit 10. I only use MAs. Support zones. and structure. i mess around with Fibs. Volume is huge. Do not underestimate what volume tells you. This is not easy. This is hard work. The number of times i have no clue which way it will run is scary. this is why you set up for both ways with confirmation.

@user-tw1hd7me4p Год назад

umar please advise which broker is the best - Egypt resident.

@Davlux260 Год назад

This is the real content for traiding everyone needs… “traiding is the hardest way to make easy money”

@OptionMastermind168 Год назад

Absolutely agree with that, I trade with my mobile phone

@Thundercrypto711 Год назад

It's all about emotion depends on what position you are , red or blue

@IfexcoPlus Год назад

Thank You

@santokhsingh8133 11 месяцев назад

Valuable contents Begginers always think like myth But trading is not cup of tea To learn have to invest thousands up Thousands hours and mony onself.

@Nik-tt7of Год назад

Informative

@Finalform77 Год назад

Hi umar, can you please propose a reading list?

@oceanview3165 3 месяца назад

Salam brother! Do you recommend any resources or courses to learn day trading for absolute beginners?

@beyene8362 Год назад

thanks umar

@sleepy_trading Год назад

Ppl need to have mindset this is a business. We buy and sell. As business it have sometime profit, loss, break even. And manage the transaction so make every trade profitable with minimum loss. Like if u selling clothes if not trending anymore or out of mode, u need ro get rid of it as soon as posible sell it with discount with small profit or cut loss minimum, or break even.

@Greenman-g6k Год назад

I love this ❤

@mejeff7478 Год назад

if indicators are lagging then so is price. indicators update the moment price is printed....

@jamalAlasaad Год назад

Hi guys! My name is Jamal and i would like to start trading, i have been thinking about it for long time and i have dicided right now to start, how do i start? i appriciatate your help alot,! Are there good eductional videos that i should watch to start this journey.

@SleepMan-dn8oi Год назад

#4 Myths is great. It's requires proper knowledge

@jeff346 Год назад

What website provides free paper trade ?

@amehgodwin1710 Год назад

All you said is true about day trading thanks I wish I can have a a good capital of $100 to trade..I trade with $10 I can afford and I blew it out 3 times in a row now

@kadedro2202 11 месяцев назад

I became profitable on my phone and laptop laptop running real time information and phone using limit orders. Turned 6.70 into 1400 in 5 days. There wasnt a secret other than a few pieces of luck and a strategy with belief in my strat.