Who ever sees my comment and is a new trader...I will tell you FIRST hand this video from start to finish is a GOLD mine It's super important TO LISTEN to what he is saying about risk and not the results...it takes years to get to these levels MENTALLY and skill wise... Most traders think because they have a small amount they are doing bad....if I gave you 1 million and you can't trade that's like getting the most expensive kitchen equipment but you can't cook ..... Moral of the story ... become good ...at ANYTHING and then you can charge high prices... This is a VERY well explained video..watch it a few hundred times
I had a really tough day today letting my emotions kick in, you are definitely right. I just really need to think more objectively to sustain more profit. Always room to improve!
so true, and also the timeframe should be considered. trading 1 and 5 minute charts is not for everyone. but unfortunately most new guys will only be interested in asking where can they access his signals.
@@sean.jablon Follow through on your plan from beginning to end, it's the easiest way to avoid emotions impacting your trades. FOMO is a powerful thing and accepting losses early can be hard, but a when the you who was thinking logically makes a plan, you can follow through like a science experiment.
Honestly happy I've watched this video. No more "what ifs" I lost 3k on apple the other day being super greedy after making 1.5k on NVDA. NO MORE BEING GREEDY AND NO MORE "WHAT IFS". Thank you brother!
Props on coming right out at the beginning and saying it takes a decent amount of capital and risk and not just using $50. Many people make it look like they used a tiny amount and gained 4000%
Such a good video. When you can learn off a trade you made money on, that is an excellent lesson. Once it consolidated it looked like it would break out down again but if I just made 20k I would probably sit it out too. Great video.
I made $3175 on $2800 today trading options on BLUE. Bought Calls. Entry $5.60 on 5 contracts. Exit $11.95 on 5 contracts. Strike $80. Days trade on Monday-Wednesday.
Umar, do you use the 15m and hourly for your "critical levels"? How do you establish them? Also, how do you usually scalp options when the stock is not gapping above or below the previous day's high/low?
I am new to options trading and I am very disciplined as to when I should take a loss. My risk is about 150-250 per trade. My question is how can I calculate an exact risk in options instead of going into a trade with a mindset of ill lose 150-250. Is there a way to figure out how to calculate an exact target and stop loss per trade in options?
Love your intro most bloggers/stock gurus don’t say this at the beginning of their video and to human mental will think is that ease to make such money without Rick or capital.
You played that right. Holding and riding the second leg down is the wrong move you are better off taking profits and buying the continuation at the break below the last area of support like you mentioned. Good job bro!
Hi Umar, I like the trade and your advice. 3 questions. I don't currently trade options..what are the benefits to you in trading them? Do you set physical or mental stoplosses? and how did you select you 'critical' levels (resistance areas) in this trade?
Thank you, Umar! I like your videos because you are not just walking through you trades, but you make sure to educate people on the important subject in the process. One question I have: How are you picking the strike price to trade?
great video! question: 1) option spread can be huge, do you use limit orders? if yes, for a position like 50 options, where do you set limit order price within the spread? do you always get filled? 2) if you use market orders, is the slippage huge option spreads are usually quite large? thanks!
When I stopped a video to see entries, I've payed attention that ToS shows 12.6 but trades were executed on 12.2, so something inside of me started to yell that it's just another fake. Once I realized that ToS shows today's date when you don't point a mouse to a chart I smiled at myself. Because of those many fake gurus around, my mind don't trust anybody now. But I have been watching Umar for a while, and for some reason I trust this guy. The only thing I would do, Umar when you show your earnings on cellphone, it can be just a screenshot from Paper Trading account with changed color of the suitcase to green by Photoshop or any other app. So it's better to show us the screen and click to a random button in ToS so we can see it's not a screenshot. I'm sure this message will not be read and probably no one cares that much about such details, but if I were a stock trainer I would do that for people so they can trust me more. Anyway, Umar thank you for the content you give us, it's very valuable and gives a direction where to look and what to look for, because at the beginning of this path opening a chart doesn't show us anything, just bunch of candles with random movements. I make notes of all your words, trying to understand the process of thinking you have in your mind.
Artem Marketer yea thank you for bringing that up, it shows 12/6 cause thats the day the video was made and i showed the screenshot and not the profit tab because i made the video after so profit tab won’t show but ill be posting monthly and weekly recaps soon with brokerage statements soon :) thank you for the support Artem 🙏
@@UmarAshraf28 ohh, you mean when it's 12.6 already, that tab will not show your trades of 12.2 because it doesn't show past trades? It makes sense, I didn't even think about that, not that experienced with ToS yet. In any case I trust you, knowledge that you share for free is gold, I probably will take online course soon because I like your environment(follow you on Instagram) and overall attitude. Thanks for the respond man, I didn't expect you would pay attention.
Hi man, great video, I'd like to try this out. Will start small. Can I ask, do you use market orders to buy and sell the options? I assume you only play extremely liquid names? Or do you use limit orders? Also which broker do you use?
hey Umar, thanks for another great video. I was wondering if you could explain how you set your price targets and entry/exit points. Also, could you go in greater detail of the level 2 aspect of this trade? Thank you!!
Johnny Dadesh will do in the next one but i usually do a top down analysis from a larger time frame and work my way down. If you look at Roku on a daily time frame you’ll see the $139-$141 area as a STRONG CRITICAL LEVEL!
Umar just found your channel good content sir. you stated you don't use stops on your trades. so going into the trade are you saying you are prepared to loose all capital invested into the trade if it goes against you? just curious about you risk management on day trading options. I'm familiar with trading stocks and using risk management on trading stocks. I know it's different with trading options there is more risk but it seems a little crazy not to use any stops at all. please advise and thank you for the great content. hopefully you will read and reply.
So you made about 30% profit on the trade total, correct? Because you got in at an average around $4.50 and out around $6.90. So that means if you profited $20k, you had to start with around $47k. But you said something about starting with $4k?
HEY UMAR. GREAT JOB! PLEASE IN THE NEXT VIDEO COULD YOU TELL US WHAT DELTA AND EXPIRATION DATE YOU CONSIDER WHEN YOU ARE DAY TRADING OPIONS? BECAUSE THE PROFIT ON THE OPTIONS THAT YOU BUY VARY AS EXP DOES. THANK YOU MAN
Thanks for this illustrative video. Man, as much you are a good trader, you are an awesome teacher. You are very honest about things that go into making profits/big profits. Every second of the video has useful information, keep up the great job and looking forward to learning more from you.
Hey Umar, great video any way you can make a video related to bid price and ask prices and your opinion on execution with risk management. I watched your video on think or swim you showed a nice setup. Would it be possible to see your actual set up? Thank You!
Great analysis for your critical buying point love the explanation, however, how did you establish a critical exit? I can see how it was established once you mentioned bidders were not coming to the table to buy stock and drive the price up, but how did you establish a $139 exit prior to that? Or did you just hold until you saw bidders finally providing resistance.
What service/software u r using to watch the stock ROKU for options. I can find a lot of charts for regular stocks but I cannot find any service which will show all the charts for the options
You really talk like an experience trader's, Because basic skills is compulsory before you can go into Trading to avoid loses, I think you can also seek guidance from expert trader's for more informations and update on how to go about it.
Heard good recommendations about Mr George profitable strategies in other platforms I think he's a genius I'm gonna give a trial to him, need to make some money for the Xmas.
Being investing with me George for 3 months now, and his strategies yielded me $3100 last week, keep the good works sir, just sad some people only got to hear about him in comments box.
hello im trading from uk we have CFDs here which has (spread ) which is the gap between when you buy(call) or sell (put)ok was wondering if you have same thing and pay spread on it ? thank you
I am a long time subscriber. Can I ask you for a daily recap of your trades? I am sure the click bait P&L attracted many views but I want to see also the bad trades to learn from. Surely you trade almost everyday, I’ll view your recaps good or bad. I am a struggling trader that trying my best to accumulate as much experience from the market and would love to see thought process behind your trades good or bad. Many thanks.
Khang Pham thats what i plan to do soon! Just the recording process all takes away a lot of time so trying to get things organized with youtube and make a daily recap video. Checkout StockMarketLab youtube. Have some content there as well
Can someone help me understand this : He says at 13:25 that he was risking 3000 to 4000$ on this trade. But isn't the total value of the trade 90 x 100 x 4 = about 40k ? So why does he say that he is risking 4G and not 40K on this trade ?
He is risking 4k on this specific trade. So assuming he is risking 2% of his account, his account size would most likely be 200k And the total value of this single trade is 40k
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good evening umar, im intrested in face to face trading course i have zero knowledge about trading and im intrested in learning. i live in new york any suggestion?
