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How Much Money Do You Need to Start Day Trading? 

Umar Ashraf
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#daytrading #advice #stockmarket
In this video, I cover how much you need to day trade and what money you should trade with, Enjoy! :)
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
Chapters:
0:00 - Intro
0:06 - What Money Should You Trade With?
0:53 - How Much Do You Need to Day Trade?
1:10 - PDT Rule
1:57 - Trading Options
2:44 - Crypto, Forex & CFDs
3:15 - What to Focus On
3:48 - The Money You Should Trade With
#daytrading #daytrader #trading
How Much Money Do You Need to Start Day Trading?
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.

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5 авг 2024

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Комментарии : 186   
@UmarAshraf28
@UmarAshraf28 Год назад
How much money did you start trading with? Also please drop a like if you enjoyed the video! 🙏
@jtrades_
@jtrades_ Год назад
great video
@abdullaha8003
@abdullaha8003 Год назад
Hey could you make a video for starting in canada I do not know what brokerage to use and what do you trade options, stocks or what?
@thevloger75
@thevloger75 Год назад
Thank you bro really needed to hear this
@maxamadcabdulaahi45
@maxamadcabdulaahi45 Год назад
Pliz show us what platform u use😢 i dropped a like
@enebongephraim2777
@enebongephraim2777 Год назад
Hello Umar, I want to learn directly under you and I am willing to make the necessary financial commitment. How can I make contact ?
@user-wt9ii7wg2s
@user-wt9ii7wg2s Год назад
I really love how authentic you sound you're my trading G🎉🎉✊
@aksaaptr
@aksaaptr 9 месяцев назад
thanks for the explanation, very helpful for beginners like me who are learning in the nfc community.
@motivationinc6415
@motivationinc6415 Год назад
4 K video that's awesome and sounds good!
@vovanminh999
@vovanminh999 Год назад
This guy is always give a good advises.
@SeanSoliman
@SeanSoliman Год назад
The edit on these latest videos are🔥. Keep it up man!
@UmarAshraf28
@UmarAshraf28 Год назад
Thanks! Will do!
@michaelsturgill736
@michaelsturgill736 10 месяцев назад
always droping fire
@chrisogden440
@chrisogden440 Год назад
good stuff love your videos
@ShahidKhan-pu7hc
@ShahidKhan-pu7hc Год назад
Sir u make my phychology very good love from India
@ashmitsingh2351
@ashmitsingh2351 Год назад
Most genuine person on RU-vid ❤
@UmarAshraf28
@UmarAshraf28 Год назад
That’s kind of you!
@wordsofrizdom
@wordsofrizdom Год назад
Such an incredible video! I hope people take notes! 🧠💙
@UmarAshraf28
@UmarAshraf28 Год назад
I appreciate your constant support! 👏
@SaleemKing-ix9vw
@SaleemKing-ix9vw Год назад
Thank you from teaching sir
@LeadingWrenLovely
@LeadingWrenLovely Год назад
Great advice, thanks Umar. I need to understand the markets and what I'm doing before investing more capital into this!
@UmarAshraf28
@UmarAshraf28 Год назад
Glad it was helpful!
@swingtradingengineer19
@swingtradingengineer19 Год назад
2 decades ago you could not even open an day trade account with less than 25k. Some brokers use to offer account possibility to open restricted account with 10k. Things are different nowadays but the principle stays the same. Awesome content man.
@kenduzouir
@kenduzouir 4 месяца назад
That is not true I started trading in 2003 and I open my first trading account £1,500
@saifshaikh3191
@saifshaikh3191 Год назад
Thanks Umar
@deeshankumar6526
@deeshankumar6526 Год назад
Good advice. Good analysis.
@kamalyusof8078
@kamalyusof8078 Год назад
Tq...keeps in touch..
@juplekk._
@juplekk._ Год назад
heyy umarr , can u please make a video u live trading? , would love to see that . thanks
@Latinkuro
@Latinkuro Год назад
My 2 cents, trade on demo until you have a solid two months of consistent profits logged, ideally 10% profit per month logged. This is a good sign that you might be ready for a real account.
@dav1d_csgo
@dav1d_csgo Год назад
I'm on 50% profit with my demo account end of week 2 and I'm still at loss on the how and the why 😢
@user-xm5rk7cd6v
@user-xm5rk7cd6v 9 месяцев назад
thanks for the video
@rohayes8949
@rohayes8949 Год назад
I’ve been trying to become consistently profitable for awhile. I’m close but not there yet. Most recently I traded in $1,250 increments. At some point I realized that “Hey this isn’t working. If I’m stll inconsistent, Why am I putting all of this capital at risk?”. Now it’s strictly SPY options, putting a ballpark of $75 to $100 at risk. I recently scaled back to $75 as I was having issues. My thing is the %s are the same regardless of the $ amount traded. Get my %s down then begin sizing up. Eventually I’ll have the same sizing issues as everybody else. But for now that’s irrelevant. When I am profitable, commisions take a good size chunk of the profits. From my perspective, that’s also irrelevant. So, yeah, I’d love to trade in 5k increments. But I definitely feel like I’d better wait until I build my skill level. But with only $75 to $100 on the line, I’m still in the game. I’m also not cavalier about this. I feel like I don’t just think “Oh well, it’s only $100 so it doesn’t matter.” Hopefully I’m not lying to myself!😁😁😁. Sorry, I know my entries are ridiculously long.
@liam-n8098
@liam-n8098 Год назад
Why risk real money to test an edge? You can demo trade to test an edge. Once you’ve proved the edge works trade live small.
@khalidprince4820
@khalidprince4820 Год назад
May Allah SWT bless you brother.... Very important points ❤
@izuddin1978
@izuddin1978 10 месяцев назад
Thanks for sharing
@PhilipJoshua_
@PhilipJoshua_ Год назад
First to comment Love from a Nigerian trader ❤️
@dineshchitara8784
@dineshchitara8784 5 месяцев назад
Sahi kaha ashraf saab 👍
@moradkm7425
@moradkm7425 Год назад
Hi umar do you do 0 zero day expiration date for options or longer time frame
@Jacobl119
@Jacobl119 Год назад
My plan is to keep using prop firm, pay off any extra debt i have, fund a cushioned personal trading account, eventually ween off prop firm accounts.
@woodyharrelson2624
@woodyharrelson2624 Год назад
Everyone’s got a plan till they get punched in the face. So don’t get yourself punched in the face
@Jeremy-sr4gv
@Jeremy-sr4gv Год назад
I personally wouldn’t use prop firm money…
@Siegefya
@Siegefya Год назад
I been in this business since 2016, the sudden popularity of the "prop firm" thing in the last couple years really trips me out, back when I first started a prop firm trade desk trader was someone who literally applied to a job to work for one of those and usually had to go into an office everyday, an employee. I really don't see the point in it tbh, but hey to each their own. I've always traded my own money. I'd say don't ween off that sht, as soon as you can get off then get off, take advantage of the proper tax rules futures offer (I'm assuming you are prop firming through futures trading). 1099 you are not getting the best tax treatment futures offer tbh.
@abidaby5460
@abidaby5460 Год назад
Hi, Umar what are your views on prop firms? Are they scam as some traders point out as the challenges seems to be very hard to achieve 10% in 30 days. I've tried to look for any of your videos/clips to see if you've tackled this subject.
@muhammedertan2
@muhammedertan2 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 $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
@lexbraxman9270
@lexbraxman9270 Год назад
The real answer is 28k. 3k buffer to fall below PDT. And if you aren't already profitable and have that type of disposable income do it on the side and see if it is.
@SlippinJimmy4Life
@SlippinJimmy4Life Год назад
CMEG is a broker in the Bahamas that gets around the PDT rule
@prithvirajchauhan5723
@prithvirajchauhan5723 Год назад
Do you look at pre-market and aftermarket for charting and drawing out zones or do you just focus on the trading hours?
@Jeremy-sr4gv
@Jeremy-sr4gv Год назад
Yes…
@bozzicone
@bozzicone Год назад
Hi Umar what do you think about the wheel option strategy?
@taremwadeus3208
@taremwadeus3208 Год назад
Thanks live from Uganda
@harikaselman2855
@harikaselman2855 Год назад
Nice video
@Cr_7-jm
@Cr_7-jm Год назад
Can you do a video on order flow...thanks
@wasimkhan-ke3lf
@wasimkhan-ke3lf Год назад
Hey bro, you truly motivated us. I've been watching your RU-vid videos for the past two years. I have a question for you. According to most people and experienced traders, 90% of people lose money in trading compared to 10%.Do you actually follow the same things as trendlines, patterns, and candlesticks?
@UmarAshraf28
@UmarAshraf28 Год назад
I’m glad the content is helping you!
@WallaceFernandeswally
@WallaceFernandeswally 8 месяцев назад
Very good advice my dear friend Umar you're the best Trader spy... Hug's!!
@NANO-cp3wm
@NANO-cp3wm Год назад
Ran 21$ to 600$ then saw it all run down💔💔 its a lesson
@josephginnett1630
@josephginnett1630 Год назад
How would you start if you had a fully involved 7-330EST?
@Inatfromdenmark
@Inatfromdenmark 3 месяца назад
Thank you
@entertainmentworld4261
@entertainmentworld4261 Год назад
Bro make a video about key levels how to find that levels what are the points that satisfy for u to draw a key level
@Nancy-ex4xr
@Nancy-ex4xr Год назад
Umar make videos on technicals
@DineshSharma-zn6yl
@DineshSharma-zn6yl Год назад
We are eagerly waiting for forex trading strategies
@esma62368
@esma62368 Год 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
@rahmashihaama4591
@rahmashihaama4591 7 месяцев назад
Where can we learn to do trading for those who havent with very small capital like 50 dollars
@everythingsinteresting1158
@everythingsinteresting1158 Год назад
here before this go viral
@hawkcodmtv7054
@hawkcodmtv7054 Год назад
do you do couching?
@CameronvandenHeever
@CameronvandenHeever Год назад
please let me know what you think of forex trading Umar id greatly appreciate it , ive started my forex journey and have taken alot of information from your channel
@dcbrit2003
@dcbrit2003 Год назад
PDT rule is USA specific
@sheshenainaiheeman8026
@sheshenainaiheeman8026 Год назад
What do you trade? Futures, options, normal stock, forex?
@mohamednizam3748
@mohamednizam3748 Год назад
the part that i don’t understand is that pro traders spend more time doing videos for youtube than trading, why? youtube gives more money than trading?
@rashidabdur-rafiu379
@rashidabdur-rafiu379 2 месяца назад
Co ask 😅
@rashidabdur-rafiu379
@rashidabdur-rafiu379 2 месяца назад
Most of them do it to gather a community that can help them bag sponsorship deals and big-time partnerships with certain entities which can help them increase their capital. Also, by making a lot of videos they learn more and try to understand a lot from different angles as they answer our questions
@velthururamcharantej8053
@velthururamcharantej8053 Год назад
Love from India
@g.rajeshkumar2690
@g.rajeshkumar2690 Год назад
Good morning sir
@azinoariel
@azinoariel 5 месяцев назад
doesnt day trading rules not apply to a cash account?
@CryptoLaddd
@CryptoLaddd Год назад
Any thoughts on xrp ?
@LuTimesTwo
@LuTimesTwo Год назад
Which Broker would you guys recommend for a beginner?
@lungelo200
@lungelo200 Год назад
heard of hara alonso? you should look up the web
@Dajen_Tk
@Dajen_Tk Год назад
Fidelity is really good but I personally use Etrade
@abdulthanjavur
@abdulthanjavur Год назад
Hi @UmarAshraf please throw some light on options and day trading, is it halal or not ????
@thehollowman7375
@thehollowman7375 Год назад
Hello Umar bro why you are not coming to Pakistan 1year ago you came
@economicdevelopmentplannin8715
@economicdevelopmentplannin8715 9 месяцев назад
my answer - a bedroom bathroom suite (~$100k) with enough cash to cover your portion of property taxes, utilities, and groceries for the year ($7k is enough for most people) - then $1k to trade, and $1k for 'education' to mirror an experienced trader. $110k in wealth is more than enough. Less if willing to do this in a high poverty neighborhood. This will get you going for the first year, to launch successfully.
@themagickedd
@themagickedd Год назад
Can you give us a watchlist stock for small accounts please
@Totentanz1524
@Totentanz1524 Год назад
In UK you can't trade futures on binance
@GetCoachingClients
@GetCoachingClients Год назад
Do you have a paid program or discord?? Trading part time!
@sonudas6044
@sonudas6044 Год назад
Bro can I upload shorts by making them from these long videos I'll give you credit plss 😢😢
@NarendraSingh-yb6xb
@NarendraSingh-yb6xb Год назад
sir drop a new trade break down
@NarendraSingh-yb6xb
@NarendraSingh-yb6xb Год назад
sir drop a new trade break down video
@jaybro3713
@jaybro3713 Год назад
Bro will the market go down in 2023?
@trendy_1997
@trendy_1997 Год назад
I just wanna ask what maybe the best timeframe to trade?
@lungelo200
@lungelo200 Год назад
quite early morning trades as i'm south african. but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
@stephaner369
@stephaner369 10 месяцев назад
Great channel ;) I did not get it, what PDT 3 letters actually stand for ? Can someone tell me please
@MoTheTacticalTeenTrader
@MoTheTacticalTeenTrader 9 месяцев назад
Pattern Day-Trading
@sajidnayeemabdin7395
@sajidnayeemabdin7395 Год назад
I stated ₹10000 for learning day trading
@bluecavemen
@bluecavemen Год назад
Does he trade forex? I'm still confused what kind of trading he does and does he have a course
@lungelo200
@lungelo200 Год назад
not exactly but i was asking the same thing but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
@RüzgarYağız
@RüzgarYağız Год назад
Global stocks headed for their biggest weekly decline in more than three months. European shares fluctuated, with a record 36% drop in Siemens Energy AG’s shares after a profit warning dragging on the broader market. US index futures fell. According to chief economist at UBS Global Wealth Management “Financial markets have had one of those switches in the narrative that happen occasionally, and are starting to worry about higher interest rates driving recessions,” I'm still at a crossroads deciding if to liquidate my $300k stock portfolio, what’s the best way to take advantage of the market?
@edwinhunnet2666
@edwinhunnet2666 Год назад
Listen to this man! He lost a lot of money before. You can tell how careful he is now.
@Rio_073
@Rio_073 Год назад
2 Accounts Blowed Learnt Alot Doing with last $100 My Mommy Gave me
@stealthednexus8646
@stealthednexus8646 Год назад
cash accounts dont have PDT rules
@darkfendi6994
@darkfendi6994 Год назад
where does someone use to start day trading?
@lungelo200
@lungelo200 Год назад
depends for me i started with mt4 but i also use an auto trading broker with a one on one F.A so i am good and very well in profit i am just intrigued to learn this process myself because they make it look too easy
@SunnyVishen-ju3zy
@SunnyVishen-ju3zy Год назад
Operation
@khadijaashraf9321
@khadijaashraf9321 Год назад
👏👏👏
@incomeoracle
@incomeoracle Год назад
If you want to day trade and don't have $25,000, just use different brokers that you trade within the legal parameters on different days of the week.
@jaipreetsingh304
@jaipreetsingh304 Год назад
My Question is that I am trying to learn trading from last 8month myself only. I am strictly following Risk management and I have not lost much as I have salary income I give 2-3 hours to it. I am not consistent still. I want to know if am I going to right path. I believe it is possible to become trader by learning yourself. I have not setup any time limit that I need to learn it in 6months or year, I will give it as much as it will take until I become consistent. I just want if you can let me know that I can become a good trader myself, and I don't need any mentor or trainer. Btw your videos are helpful and entertaining.
@swingtradingengineer19
@swingtradingengineer19 Год назад
Don't go this way mate. Been doing this for 10+ years and the learning never stop. theres is no real point in trading where you got it all figured out. You can learn the basic by yourself you can refine you analysis style by yourself. But when it come to take action in the market as a source of income, you need to have a few other successful trader that will open up their active experience to you. The emotional load is not something you can face alone.
@TOTAL-ve3co
@TOTAL-ve3co Год назад
400$ dollar i deposit once now i have 6000$ in my forex trading account it's all about patience and goog oppertunity
@BLgoat17
@BLgoat17 3 месяца назад
hey how much where you doing per trade??
@motivationinc6415
@motivationinc6415 Год назад
that's the problem if you don't have 25k you can't even run the BOT
@karthickc1066
@karthickc1066 Год назад
We are expecting a new video on this week ❤
@karthickc1066
@karthickc1066 Год назад
Sent you a report you sneaky scammer 🤣
@mtn1110
@mtn1110 Год назад
Can you start trading with £20?
@DrDaveW
@DrDaveW Год назад
With some brokers, yes. I think a real $20 account is a better learning experience than a demo $100k account. Losing a dollar is more real than losing a fake $1000.
@ferg5938
@ferg5938 Год назад
Have you ever heard about prop firms?
@busarimaleek1907
@busarimaleek1907 Год назад
he trades stocks not forex. if you trade forex, well then you know what to do
@sakshampurwar7078
@sakshampurwar7078 Год назад
Can you make videos in hindi
@user-hd3fp4hu4g
@user-hd3fp4hu4g Год назад
no money to lose 😭😭😭😭😭
@adolfsson2705
@adolfsson2705 Год назад
In forex how much is the mínimo to start? Cause Many outthere Say that You can blow your account .and some others that You can raise that account...so?
@dabigM34
@dabigM34 Год назад
Is day trading allowed islamically? Is it halal money?
@IonKnow4RL.
@IonKnow4RL. Год назад
Mark my words im going to be great in trading ,ive heard it all the from the Dream killers The people wit no vision But ,they never going to stop me My name is Mellow and im going to be a great trader
@Nskvisuals
@Nskvisuals Год назад
Y that mic is on ur face 😮
@Mdsahil-dg4zd
@Mdsahil-dg4zd Год назад
I am biganr sar fast taim ternding
@rahatkirmani7016
@rahatkirmani7016 Год назад
Do u know Urdu language
@Crypto-knight90s
@Crypto-knight90s Год назад
Hmmm😢couldn't make first 🥇 comments
@Manaztradesfx
@Manaztradesfx Год назад
£100
@raheelamazon8303
@raheelamazon8303 Год назад
Salam brother!. ❤ Why your eyes red!.
@michaelgatt7642
@michaelgatt7642 Год назад
If you don't have at least 25k to start I would say give prop firms a go and just pass their challenges and use their capital
@VortexSuper
@VortexSuper Год назад
How does one go about doing this?
@ラッセル9728
@ラッセル9728 Год назад
How
@ferg5938
@ferg5938 Год назад
@@ラッセル9728 chech ftmo, mff , tft
@willsmithjeanmary3845
@willsmithjeanmary3845 Год назад
Forex!
@yurichitabarich
@yurichitabarich Год назад
First
@samuelgeorgiev487
@samuelgeorgiev487 Год назад
just use prop firm lol
@anurag9808
@anurag9808 Год назад
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