Stock picking is an effort in futility, particularly at an uncertain time such as this. My portfolio is still significant, about $320k, but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market?
I’m sorry to hear that. It's hard to beat the market as an ordinary investor. You don't have access to information that professionals have. So it's just better if you invest with a professional who knows how things work better.
Picking stocks is a risky thing to do, particularly for non-professionals. I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor, who has better knowledge of the market than I do, and I've been returning at least $38k every month. Just too bad I didn't learn the lesson early on.
@@bsetdays6784 I'm not so comfortable making recommendations on the internet, but since her website is public, I guess anybody can contact her then. Her name is "Mrs Marisol Cordova."
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.
Hoy's expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Great video!. Well I'm so happy I made the best decisions by having a good investment, Recently I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current trader and her strategies are working
Actually this is not the first time am hearing of katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her
Price action orderflow lvl 2 cluster charts bookmap 👌 there is not else you guys need for execution build a good understanding of fundamentals and how price of different assets react to a catalyst trade with context of the market and always build a strong mindset and discipline guys nothing can happpen without that
Prospects for investing a small amount of money can be both thrilling and unfounded. There is potential for considerable wealth increase with the correct strategy. Considering this, I still need advice on how to boost my $580,000 retirement portfolio.
Every plan has its own set of benefits and drawbacks, and choosing the best one depends on your own financial objectives. However, in order to carry out such wise choices, you need to be a professional.
Because of the reason you stated I use Wyckoff in my trading. Since it's the analysis between price action and volume. As you said once you find out that you don't need indicators and can only rely on pa and vol., a whole new world opens up for you from a trading perspective. Even many things that you teach I know already I still love to follow you. Since the content you put out is awesome. Wish you the best.
Lots of online youtubers/traders talk about ways to profit in stocks and shares, But they "NEVER" talk about where to get all this technical info from!!!???>@>?:>?? , ime in the UK and would love to know which apps/websites i can "Freely" get this techno info for UK markets???? Where would i find about long and short volume trades that have been placed, That would be a good indicator of insider knowledge?. Thx in advance for your reply.
I flip a coin and make dollars. The market may have reasons why it's moving but good luck trying to guess. It could stop and turn at ANY moment. I have my best days when I flip a coin before my trades. Heads = buy, tails = sell. 1:5 SL/TP. My account keeps growing and growing. I have removed all candles and indicators. I don't look at the price or volume or anything any more. Peaceful, profitable, simple.
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
Very well done and explained. Thanks a ton. You are a rock star ⭐️, I often watch your videos and will continue to do so. Seems your intent is to truly help people rather than counting how many views you get. Tough to find people like that.
On indicators: Yes, most of the basic ways to use a given indicator will be lagging, however, that’s not necessarily a bad thing as it adds an extra layer of confirmation that in the time it took to calculate and print that indicator it’s still giving you some sign to the upside or downside. Also, with RSI specifically, using it to find divergence can actually be a leading indicator, and a signal to watch upcoming price action
Good stuff. Your videos are to the point and not full of a lot of misdirection like most. Volume is the supporting cast to the catalyst. I am finally throwing out all the old garbage I have been trading with (mostly winging it) and getting down to the basics with discipline and only trade with an edge on a trade worth taking rather than trying to force it. My education has been very expensive to this point but feel like I am at a point where I can actually feel like I have some control in a trade by following rules.
Everything clicked for me when I realized one thing.. If its going down, look for where the LAST peak was. It might bounce when it reaches that level. If it keeps going down, look for the last time it was trading straight/sideways. Same strategy when its going up, just reversed. Those are hard levels of support/resistance. I dont even look at volume or indicators. I just look for previous sideways/previous peaks or lows. Those are your bounce levels.
Numerical size of a volume bar indicates number of SHARES traded NOT the number of transactions made in a given time increment. Please excuse me, Umar, but you stated unequivocally, at approx. 2:15, that the numeric value of a volume bar can be in reference to the number of buyers or sellers, transactions, contracts, shares, whatever ~ as if it where possible for such things to somehow be interchangeable or optional in some way, which they emphatically, categorically, and indubitably are NOT. It would seem to me a matter of exigent importance for novice day-traders to understand precisely and early on that the numerical value of any specific volume bar represents, of course, the number of *shares* traded inside that particular volume bar's time increment ...and absolutely nothing else. That anyone should be misguided, misinformed into believing a volume bar's numeric value could indicate something else could result in an inaccurate and distorted mental image of the overall trading landscape of any particular security one happened to be in the middle of trading or researching. For one to believe he is looking at, let's say, 1000 buyers and sellers transacting, possibly, tens of thousands of shares over the course of a 2 minute period instead of what it *truly* is, which is simply 1000 shares, either bought or sold, is going to result in that individual erroneously believing there's a whole lot more activity going on than there *actually* is in reality. I'm sorry, I can't believe you wouldn't have clarified that immediately.
This is one of the best multifunctional exchange that i use easily.Thankyou so much for presenting us this site. You are the creator we needed for real for real .
Through closely monitoring the performance of my portfolio, have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently
Before taking a trade I used a lot of indicator on my chart n I was confused 😕 I really don't understand where to buy n where to sell but now I'm learning to take trade on the basis of price action n candlestick trying to find out the supply n demand zone also
I've always felt inclined towards price action especially the order book. I discussed it with another trader friend and he right away denied and said nope SMA are more reliant. But however deep inside I cant remember how I had built up this habit of keenly observing the order book and instantly getting a rough idea of the as us said "aggression" of either side.
yeah yeah . all the analysis and price action stuff , till SEC and FED coming from nowhere , you think you know everything but you know so little ,there's no such things call "predict the market"
Brother, Huge respect❤️ Please if you can share can please share your Opening Drive Play, i use morning top reversal alot in my trading but i want me and everyone to have a look at your opening drive play, You the master🙏🏼
Can you do a video going over your Thinkorswim setup? Specifically the settings on your footprint and volume profile so we can get our setup similar to yours, there isn't much good content on getting it to the level you have it setup. I think it would save a lot of us a lot of time configuring settings blindly. Thanks!
I find it interesting 1000 plus comments about how to do investing. The reality is u have to find what works for u thru trial and error. We all working on our own puzzle but everyone is gonna look different if you make to completion. Of coarse u must grind smart cause grinding dumb does not work. Another great video Umar. tyty. You have helped me grow as a trader. The comment section not so much. Its more like throwing ten puzzles in one box... Much love yall!🫀 Keep going...
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Wow. I'm a bit perplexed seeing her being mentioned here also. I didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been amazing.
I’ve had majority of my holdings in tech stocks and I've had 25% increase in my portfolio, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone.
I'm been guided by “Leila Simoes Pinto’’ who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Biggest lesson i learnt this year in the trading market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Uncertainty... it took me 5 years to stop trying to predict what bout 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.
Vivian Carol Gioia is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
This information is valuable. I quickly searched her full name and her website appeared instantly, showcasing her impressive qualifications. Thank you for sharing.
Thank you for your video Umar, I just started trading part time, three weeks ago, so far I am breaking even, in my first trade I made $30 dollars, I was so happy, my goal is financial freedom I am going to fight for it, thanks
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
My advisor is “Margaret Johnson Arndt”. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Alice Brown
Isn't that the same Alice brown that my neighbors are talking about, she has to be a perfect expert for people to talk about her so well. I'm new at this, please how can I reach her?
I started my trading journey late 2021. I started off with 10+ indicators and it was just clutter. Over time I found myself slowly removing indicators 1 by 1. Right now, aside from volume, I have stochastic to help give confirmation with price action. Simpler the better!!
I started trading same year and my story was the same, I had lots of indicators on my screen. At a point I had 3 layers of indicators on and had just very little space for my chart. Then I had an exercise book, about 40 leaves I was writing down indicators and it got filled to the brim. But at a point started removing them all. Right now i don't use anything called indicator anymore, I hardly even use trend lines just pure naked chart and I'm loving it.
