I risk $107 to make $7,500 in Trading… This is how
Vložit
- čas přidán 22. 11. 2023
- In this video, I talk about how I manage risk as a day trader, r multiple, position sizing and so much more!
Follow my socials:
Instagram - / umarashraf
Twitter - / umarashraf
#daytrading #trading #riskmanagement
Our goal as traders is to stay alive and the one way we can do that is by MANAGING our risk! Please trade responsibly and make sure you dont oversize or put on massive risk!
What to do bro 😭 i am suffering a lot
Each day it's like i will die today suffering from harrasment blackmailing tons of calls everyday everything is out of my hand please understand that my situation is worst i don't have a choice but have a fire in my self please request you please support
A true trader will get to know that without support he can't live if you where in my situation and I was in your situation i was helping how much I can bcz I feel the pain going through
I am in a difficulties situation i am hard time in financial my debt is $16500 monthly interest is 3.5% on over due amount it's been 3 months i am not able to pay my debt charges are adding up getting tons of calls harrasment blackmailing everyday everyday it's like today is my last day that much pressure is near my neck I need funds around $7000 to $8000 so can get some time and fix my debt I need one chance it's been 9 months handling this now it's like everything is out of hand without support I couldn't I am 23 years old failure happen from everyone but we do lean many things I know what i have done i have releasized i leant from it i know now how to fix my debt but i need support need one chance i don't have a choice
Have a fire in my self when I need support no one comes to support even u went in this phase what I am going through u can find easily fake and real u know that not everyone comes out from it. U have a power to give me a opportunity it's all Depends on you
Im staying in PbatesLTD till after ETFs being approved and will move into alts after that...
I'm DCAing in Pbatesltd as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Risk 1% first trade/after loss & risk 2% after every win...
& obviously reduce risk to 0.5% when in 4% drawdown....you'll always be up
Truth
Fix your risk =1R
Fix your Reward >1R
Your RRR will protect your account even if ur WinRate
Nonsense
@@marioarguello6989how so ?
@@DavidAdeyemo-ur3wjpeople like to forget that when you lower your RR your win rate goes up as a byproduct. Of the 7 Ls that this guy took, 5 of them could have been winners along with the 3 he had if he took profits at 1:1 (hypothetical scenario to explain my point). Now his win rate is 80% so he should be up 6% after 10 trades risking 1%.
RR vs win% all comes down to who you are and your strategy. For me personally I like higher RR trades based on market structure because I like when 1 win covers multiple losses. I have a friend that takes 1:1s bc he likes to win more often and his win rate is much higher than mine but both strategies work. RR is not everything like people try and make it seem, it depends on the person
Is it non sense? because I do the same 0.70 lot (100 pip SL) 300 pip TP.
I won 3 trades this week a total of 900 pips .
0.70 + 300 pips = 210 , 420 , 630
I lost 5 trades 0.70 - 5($70) = 350
If you do the math 630-350=$280
I still have positive account sir . $280+
Hey I want you to win too!! just practice risk management when I didn’t use a SL my trading career was horrible .
found this channel a month or so ago and have been hooked digesting different past videos ever since. very clear, and very articulate in what he points out. keep 'em coming. thx for sharing!!
Pbatesltd is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I learned this the hard way by blowing several small accounts. Pain is a great teacher.
How are you doing now?
@@LesShorts17 same shit hahahh
As a begineers don't trade small account...cuz you just gonna blow it
@@MichaelAbel-wx9sx No. you should start small. and make it big. If you can't grow 100$ you can't grow $10,000
Thank you for clarifying the distinction between the amount invested vs the amount risked. I remember having a small eureka moment when I noticed this when reading one of the books Umar mentioned, The New Trading for a Living. Appreciate you bringing this to greater attention given how easy it is to be confused about it.
Thanks a lot Umar for providing so much useful content for free. It is much appreciated for sure!
Thanks! Umar that makes a lot of sense and most people don’t realize that! Thank you!👍👏👏👏
the Pbatesltd team do the heavy lifting, generating competitive returns for investors in the form of both cash and peace of mind
Great video as I'm a just beginning trading. For a frugal person this is exactly what I needed. Much appreciated 🤝🏽
I really enjoy your videos and it has made me improve so much in my trading journey.... I'm really grateful... Much love from Ghana 🇬🇭
Man this video is right on time for my scale up phase. Bless! We scaling up
Ty brother bn following you from the start of my journey!! 💙from NEW ZEALAND!!
You are so clear on your explanation ! Tnk u! Subscribed!
thank you soo much senior.. The Goal of Trading is protecting capital and staying long in the business " I'm always implementing this and videos like yours keep me in track
Thank you for the trading advice. Helps me a lot of understanding.Thanks brother!
Thanks Bro! This is the most important piece of the puzzle..
When you said "The trade needs to prove you wrong." WOW man the reason I exit early right there... I have found more insight and knowledge in this channel. Props my good man PROPS
I have been a trader for 20 years and give lectures on psychology in trading. 90% is psychology and risk management
Your videos are always easy to understand! ❤️
Thank you yet again for the shared knowledge Umar, very informative as always. Thanks for taking the time to make these videos !
Thank you for this. I had a hard time learning how to determine R.
Thank you for being there Pbatesltd when I wanted you to..... I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today ..... I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again , I would like to tell you a heartfelt thanks for being there.
I started watching your videos earlier last year as a beginner before giving stacks a trial and I've been able to scale from $2,000 to $18,900, I did get an advisor for supervision and accountability as you recommended Thanks.
Bro this video was so good I really needed this and omg the aesthetic is so clean keep up the amazing work big dawg ima get there and surpass you one day stay grinding
Brilliant, this is an amazing explanation on managing risk. Most who watch this will probably not realize how priceless this information is. Thank you, I can’t wait to try it out
His explanations really are always top notch He is definitely among the best CZcamsr and trader out there that I know, but I'm still yet to get a response after messaging him on his Instagram .
Mr Umar has said it More than a million times already that he is only very active on his verified Twitter & Telegam account for anything relating to Questions, Free trading Guidance and video suggestions. You teenagers just never seem to pay attention . 🤦🏽♀️
Yh I remember but I don't have a telegram account and I deleted My Twitter the day it was changed to X but I would install Telegram now , please what's his Telegram handle ?
Honestly There is actually not wrong with Twitter being changed to X but your choice is your choice. .
Great video Umar ! Thank you for the quality content ! Greetings from Bolivia !
This explanation is a lot clearer and easier to understand!
Thank u for always making amazing and beneficial content for traders 🔥
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
Sure, investing is essential for maintaining your financial stability, but making any kind of legitimate investment without the correct advice of a professional can result in a significant loss as well.
Thanks brother🥰🥰 Your videos are so valuable!!
one day i will see you to say thank you for the work you are doing bro
In 2k24 im going to be profitable trader only this person and me is responsible thanks umar bhai ❤ FROM India
This video is not going to have much views as it doesn't contain flashy things. But this video shows the core of successfully trading. Thank you brother. Love from India ❤
where are u from india
GREAT VIDEO BRO, THANKS FOR ALL YOUR CONTENT
Appreciate your honesty NO BULL advice.
Umar's transparency is phenomenal!
Thank you for these videos...im am learning so much and your taking my knowledge and skills deeper and helping me solidify my trading strategy and rules I follow
Get in touch 🎉🎉🎉
Much respect bro for your valuable advise ❤
Watching at this video make me very happy because at the beginning of the year I ended up in the same conclusion while making my performance review and I realized my RRR it's the key missing for me to finally become profitable. I feel very proud of myself that I kept myself journaling for an entire year even though I was loosing money and I didn't give up. Thank you Umar for sharing useful information.
THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 56, my Wife is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.
As with my big financial decision,it’s important to keep your guard up for economic risks.
However, smart planning, time management and getting a professional trader can help keep you and your money safe.🎉
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
Whats'app
┼ 1
33440
This was terrific, concrete advice. Thank you so much. O stoped listening to your channel as it was just theoretical stuff, well now I am back, again thamk you for succint explanation
I’ve been in this game for a while now but never heard someone explain to this level. On top of that for FREE! I will likely be a lifelong subscriber.
Umar, you are the BEST, brother. Your educational videos are always phenomenal. I love them. Thank you for being honest and straightforward. More blessings.
Thanks bro, here you dropped golden nuggets, this is just what I wanted to hear
That's the advice I needed!
Next year I'll be focusing on my R!
THX Umar!
Get in touch 🎉🎉🎉
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 Claudia Jenkins.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Claudia Jenkins too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Beginners should listen 👂 to him clearly. He did not twist anything.
He said as a beginner, you MUST stick to your plan and follow your risk management rules until you become profitable for a very long period of time, then you can decide to trade anyhow you want.
As a beginner, don't focus on how to flip $10k to $1m within a year!!!
Precious knowledge.
Thanks man.
Excellent video. Lot's of learning. Thank you 👍
Hello Umar..pretty impressed with the content that you make on your channel.Thankyou and congratulations. Risk management is the most important yet most difficult topic which very few like you can crack. I have a few questions on stoplosses.How do u protect yourself from whip lashes.. surge or sudden dip in price ( read stoploss hunting of operators).Many a times I have taken trades where I was right but a sudden whiplash stopped me out and after that the stock reached my target level and even beyond 😮😮.Even mental stoploss doesnt work as at the point of the dip or surge, u dont know whether it is real or just a surge
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.❤️
I agree but finding a professional for guidance ain't as easy as it sounds. cause I've been searching for one
@More Achiever
you know what your risk is on that $10K ? Almost certainly the whole $10K. If you have the mindset to follow "some people"
& hope for the best ( which in most occasions means. "it will go up " ) then you probably are not disciplined enough to take a pre-set stop,( a loss ) because you have an expectation that "it will go up", or "it will come back". That's not trading. That's blind speculation.
You are better off spending the $10K in Vegas.
Some people but the majority lose millions of dollars 😂😂😂😂
@@workjax how
This is really really good. THANK YOU
Thanks for this video. Really helps!
This video low key changed my life
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
Thanks bro., God bless you, Thanks for sharing your expirence and knowledge on managing risk management
A clear and informative video on Risk Management. Brilliant 👍👍
Thanks you Umar, you are amazing
Thank you for your support and all the best for your future
Great content. Keep up the good work.
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
I am waiting for your reply 🙏 I have no time left
I just want to say you i believe in myself that I am more capable than i have ever imagine I need one chance I need some funds ($8000) so I get some time to fix my debt whatever it's happens I will keep going on in life i really want to do something meaningful in life by
I wish you see me as in you I have a fire in myself but don't have a choice I want to do something in life i badly need your support it's an emergency please🙏i don't want to cry i don't want to give I want to fight please i releasized my mistake now i know what to do
don't have enough time my time is running out even in my last stage of my life even god give one chance to fix everything I know now what was my mistake and i have learnt now I know how to earn it back I need one chance I don't have a choice but have a fire in my self
Your support would mean the world to me, and it would be a beacon of light amidst the darkness that engulfs me. I will forever be grateful for your compassion and generosity
Love this bro!!! I need to relearn what risk management is and follow it. I've been through nothing but losses so far due to poor or lack thereof risk management ❤
Great video man you right on time
How to believe in one's self... Just to even start to begin to learn.. we must have the baby steps very well defined. This schooling is just that. Take it easy.. let us all work our optionality.. to keep on survival mode until we can master the arts of autonomy. Thank you, Umar. You have parresía!
Stops can take most traders out depending what asset they are trading. Dow for instance most traders get whiped out daily seeing their stops hit multiple times. Deep topic. trade smaller than you want to. you can always add. I am a swing trader mainly so I walk away from my charts and my stops are far away from my entry i would say 80% of the time I come back with my limit order filled then on to the next trade
new trader here, love these vids this stuff is above my head. but after learning for two years starting to understand what your doing, would love to trade like this in my IRA I'll get there one day.
When stock picking, best to have a mentor who has a feel for sentiment and positioning of both institutional and individual investors. People like Munger and Buffet have good principles.
Right, my question then is where should I allocate more of my contribution from my paycheck to in my, Tbills and Bonds or stocks since the S & P has been a rollercoaster YTD?
.It is always good to have a bal-financial plan while seeking out alternatives as well. I work with a floor trader, professional planner and fixed-income strategist in NY, Monica. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
How has that worked out for you so far?
Great actually. I am one of many private clients under Monica, with private investing, hedging up against inflation I am up approx 500,000 in the past 10 months, 200 is ready to redeploy back into the equity and money markets in the ratio as rebalanced by Monica. You are welcome.
Very helpful and clear. Thank you very much. I agree with that mindset. Subbed.
Many thanks Umar. Happy Thanksgiving!!!
I just watch your video, and it so helpful for us traders who are weak in terms of risk management, just want to ask when you trade with 2 R, are you doing partial close and and breakeven to take some profit? In that case you will not achieve a 2r since not equal with the risk amount
Absolutely loved this video! I'm excited to keep studying.
Thank you for sharing all this information Umar!! You are an inspiration. No BS, just straight facts. Please keep sharing. You are changing lives.
This is one of my favorite channel. It always makes my week complete! 😊 Despite the economic downturn, I still manage to earn $25,000 weekly from my investment of $3,500 ..God bless PbatesLTD
You are lucky. If i have $10,000 that will change my life 😥. Nice bro..but i lose $5000 all my savings.. 😢 ..now hate my life and want to end this life 😢😢
@@prasadh2013 pick your head up. stop feeling sorry for yourself. get your ass back in there and get it done. 2024 will treat you well bro.
Thanks for creating great content. Can’t believe you are giving this education for free 🆓. Wish you all the best and have a bigger success going forward.some day you will be on CNBC 😊
Any live trading video.. So that we can feel your risk management strategy. And we will also learn from it.
A lot of these concepts I already knew but the way you explained it actually helped hammer it home a bit more. Thanks Umar.
Hello friend. Did you subscribe to his platform?
Hi Umar. As a complete beginner to trading can I say a big thank you for posting this video. Very informative and helpful. Once again Thank You.
Thank you for the video. I want to test this method 100 times.
Love the PbatesLTD content. I think this project is just as essential as HBAR and they both will be great movers
Great info but stock price/risk is easier to calculate than options…if using the stock chart with options for r/r then the calculation is skewed due to premium…may enter a contract at .90 risking .10 for a stop at .80 but .80 can hit prior to your stop level on the stock chart and that level can now be .70 so your risk is messed up
These videos are essential ✍🏾
I needed this so bad, thank you!
Are availabilities is sure
@Expertfxmaria... " That's all "
I am a dividend investor for the most part but I have bought Tesla stock a couple of times. However I have bought Tesla stock again and will hold for the long haul this time.
thanks a lot. this helps us to stick the rules and follow the process.i also believe that R multiple is the most important ❤
love from INDIA 🇮🇳 👍🏻
Bro u trade stock market or forex?
@@tejeswarturuk3180it’s the stock market. Forex is different
Thank you, this video is very helpful ❤
This video is worth its weight in gold. Thanks brother.
Unless you have a crystal ball the only fact you can control is the risk you have on each trade there is no planning for risk reward ahead of any trade ..no one can tell what the reward would be until the trade is executed and the trade is complete
For me you're one of the best trader in CZcams. Thank you for sharing
Thank you! Very helpful info!
I'm a new trader. thanks for the valuable info!
In my opinion (as a wealthy successful trader with decades of experience and countless thousands of trades under my belt), I believe that risking $9600 on that one trade is far too much risk to justify it. Anyway, I would suggest taking some of those market profits and getting MUCH better graphics for future videos. The current scratchy notes do not induce confidence in the mind of viewers. However, in the end, you are correct to plan trades based on awareness of risks.
I trade forex and there are EAs that will size your position automatically. You can tell it you want to risk, let’s say .25% of your account and then you position your stop loss on the chart and click buy or sell. I trade on the M1, so I have to be fast with the order. There’s no typing in trades, just drag and click.
Real Trader talks real facts. Thank you.
Thank you bro nice honest man
This 1% rule is kinda restrictive
If you know what you are doing, you don't need that
Hey @umar Big fan of yours and Tradezella User; one of the main hurdles that I am currently coming accross is capitalizing on Reward aspect; in other words, I am struggling to hold trades to at least a 2R; want to take profit prematurely. How can I navigate this?
very cool stuff and well explained. Thank you.
This video was Very informative for me..... I hope I can make my trades better, today I promise myself I will be a good trader in 1year by following my rules and risk management..... See you next November ✌️.... Thank you so much Umar for making this video