8 Trading Rules To Become Profitable in 2024...
Vložit
- čas přidán 7. 06. 2024
- In this video, I am breaking down the 8 rules everyone should follow if they want to become a profitable day trader.
I use TradeZella to track and journal my trades:
www.tradezella.com/?via=umar
Follow my socials:
Instagram - / umarashraf
Twitter - / umarashraf
#daytrading #daytrader #trading
Hope everyone watching this becomes super successful in 2024. 🙌
I’ll be back next year by this time
Thank you for your support
I can definitely becomes successful in 2024❤❤❤❤
What you said in this video resonates so well with my errors... I keep fall back to my bad habits and emotional roller coasters. I need to watch your videos as if my success depends on each sentence.
In sha Allah I ‘’ll be back next year this time sir ❤️
I love this video ❤
Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate. I am under pressure to grow my reserve of $250k.
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 think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. 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.
RISK is the #1 component to trading! Great video Umar 🙏
💯💯
Get in touch 🎉🎉🎉🎉🎉🎉
1000%
Engaging in active trading versus long-term investing requires unique strategies for maximizing returns. Active trading involves frequent buying and selling of securities, aiming to capitalize on short term market fluctuations. On the other hand, long-term investing focuses on holding assets over an extended period, leveraging the power of compounding.
Absolutely, the key to successful trading lies in a well defined strategy and execution. Whether you’re a day trader or a swing trader, having a plan that includes risk management and exit criteria is crucial. It isn’t just about making profits but also involves minimizing losses and staying resilient amidst market volatility.
You’re correct. Although, It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I have been in touch with a Financial advisor. With a startup of $ 100 k, my advisor chooses the entry command of my portfolio which has grown to approximately $ 450 k in some weeks.
I’m intrigued by your progress. Could you share some insights into your trading strategy or perhaps recommend any specific resources or mentors that have led to your success.
I consult with:-
2024 is my year that's for sure. I will come back for this comment on September first, 2024!📈📌
Great content Umar, nice and informative video. I've been trading stocks with a broker for over a year now and I just hit the 700k milestone. I project to crack $2m by the end of this year 🤞🏻
It's always good to get financial planning from someone qualified. My FA, Ann Marie Celentano handles my trades and I've scaled from 150k to 935k within the past year.
I've searched the web for this lady you mentioned and I'm impressed. was able to leave her a message
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.
Very accurate. Especially the part about staying in your own lane with your own discovery of YOUR edge, and not consuming so much bs info out there.
2023 was a warmup
2024 will be our year ( trading edition )
AMEN
I like when you said have a strategy that’s 40-50 percent. This shows there’s no strategy that has a win rate of 80-90 percent!! You’re very realistic 👏🏽🔥
I haven’t even started trading yet, but I’ve been devouring your videos and I’m sure they’ve already saved me mitigate or even avoid mistake before I start. THANK YOU!
I really love your content dude. You talk about the key fundamentals behind a successful trader and not stupid stuff like "the perfect strategy"
Like to lose weight you focus on your mindset. Not the diet
In trading your do the same and not focus on the wrong things
thanks for this vid man! been waiting for it!
Thank you so much Sir, this video opened my eyes to some areas I never thought they'll be so important. Thank you so much ❤❤❤
It is always a pleasure to listen to your content. Right on point !
Very true, have been working on my system for 3 years. Trading is very difficult, you either give it your all or don't attempt it. You need to understand the market and yourself as well. Great Video👌
I appreciate your being candid . You are one among the few who talks absolute sense and helps the beginners. Keep it up 👍🏻 🙏🏼
Get in touch 🎉🎉🎉
finally I see someone who talks sense about trading. As you said other 99% social media is just bullshit. Can misguide and make you develope bad habits and create even more confusion.
True
I just started dipping my toes into the trade and market world. I have only been doing this for a month and found this very informative. I’ve been focusing my learning on what people have been sharing as bad habits or disciplines. Definitely moving slowly and learning first. Thanks
My trading is switched to loss to profitable by your teaching video TQ so much sir
Get in touch 🎉🎉🎉🎉🎉
Great list. I would add one thought. Incorporate time frames to your trading plan and tracking. The market is a different animal at the open vs lunchtime. I have specific setups that I only use at certain times of the day. Cheers!
I love these videos. No lie, I have watched the video “10 reason why you haven’t made money” at least 20 times to really get in my head and yes I will watch this and other one 100 more times!
Good one bro! Keep them coming!❤❤❤
Always a pleasure to watch your videos :)
One of the most legit content providers on CZcams. 🔥
Love from India bro .... U r my super hero.. I learned lots of things from you. U are a real motivation for me.... No matter I am making losses but I am getting better day by day....one day I promise we sit together ❤️
Always watching your video bro. And I learned a lot. Thanks.❤
Thank you for the info you share everyday. Keep up the good work.
Hey Umar, could you show your settings for your imbalances in atlas? On which number do you have them? 400? And do you look for imbalances and absorption on the 1 min or 5 min chart? Could you make a video how your live trading, it would rlly help to we ur thought process and analysis process? Thank very much
Great video! Very helpful...thanks Umar.
Great video. Thanks!!
Such a great video ever ❤. Thank you umar bhai.
Great content and a good path to be profitable, and successful 👏👏👏
Thanks brother!! Nice content once again❤❤
Thank you govin for the positive feedback 🤗! Please remember to leave a like on the video.
Man the 7 rule is golden, had multiple losses when was looking in social media it just messes with your head and you start dont listen to your strategy and do stupid things… keep it up best trading content from u 🎉
Thank you Umar! Wish you even more success in your already outstanding career!! Greetings from Cape Verde Island, Africa!
Awesome content.. Keep it coming. 💯
Incredibly vital information, 100% agree on these points.
Thankyou for inspiring and educating aspiring traders worldwide with this very important and vital information when it comes to becoming profit in 2024🎉
I really appreciate your content. Thank you so much for your support. This video greatly resonated with me. 🙏😊
Get in touch 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
This video is a very VERY helpful tool for our journey. Thanks Umar
Umar is my guy! I appreciate you brother!
Thanks for these Videos. It's appreciated. :)
This is GOLDEN well done sir.!!
Thank you for all the Video you share with us, I learned a lot from you
Thank you so much for this amazing video!
I am getting back into trading and want to start a youtube channel to follow my progress.
I absolutely love all your videos, and the fact you really understand the nitty gritty of how to express and communicate the right information.
Do you have a disc or community where people can chat?
Great video👏🏼👏🏼
Thank you for your support and all the best for your future
Get in touch 🎉🎉🎉🎉🎉
umar bro i consider you my mentor. thanks for helping us out
Hi Umar ,I love to watch all your contents which are immensely helpful for me as how should I approach the market. You said you will be coming up with a video as how to read DOM .Would appreciate if you could just take out time for that. Love from India .
U keep drooping Gems ❤
I appreciate your content and advice.
Thanks so much, Umar, this is truly a helpful video. God bless you and more power to you.
Very much precise content, Thank you for making this video
Get in touch 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
Thank you for this great video.
Get in touch 🎉🎉🎉🎉🎉🎉
Superb.. Thanks for guidance.
great umar!
Your videos are really nice!!
On point brotherman 🔥🔥
Thanks for sharing! Be humble everyday or get pummel by the market! Lets go 2024!
please make a playlist on orderflow , explaining delta , max min delta , exhaustion and absorption with examples
that would be awesome !!
Great video as always
Thank you for helping all off us
Thanks for your advice
I believe this is one of the best orientation on trading. Thank you Umar
8:00 You are speaking to me!!! Directly. 😮
Great video! Thank you❤
Bro your content is by far the most genuine on YT - I've come back to your videos time and time again throughout my trading journey and each time I learn something new! Thanks again for the content and all you do!
Get in touch 🎉🎉🎉🎉🎉
Great Content.. Thanks Umar for always keeping it Real 💯. You changed my entire trading life once I started listening and following what you say..
This video provides valuable information. While I've watched numerous CZcams videos on market trading. I haven't made much progress due to unclear instructions or stories of success that don't offer practical guidance. I want to avoid making mistakes by taking unnecessary risks.
Get in touch 🎉🎉🎉🎉🎉🎉
that's an amazing video! ty for sharing
Great advice, thanks for the video!
Great thankyou very much it was great videos
Great video thank for sharing your thoughts and process we all appreciate you keep the videos coming 🙏💪 can you make a video on supply and demand
Excellent!
brother u have most quality channel about trading.
Thank you, I have watched as many videos of yours, question is beginner traders, should start where, stocks, options, futures(what future), maybe if you could please rate those in terms of risk management etc..sounding naive, but your assistance is greatly appreciated.
What brokers would you recommend as we are going into 2024? Thanks
Your tracks are meditative also.... Good for focus!
thank you so muhc umar bhai . such a pure knowledge sharing with us.
❤
Get in touch 🎉🎉🎉🎉🎉🎉
Tq... After 3 years finally i found my edge.. 😅. I did not know why i did not see it early.. 😁
What is it..?
Excellent advise and presentation.
Thnx bro for all the help
Hi Umar. i've been in my trading development journey for just about 3 months and your incredibly well explained and simplified tips plus experience advice has been a game changer for me . Thanks man. keep it coming.
Honestly he is definitely Among the best CZcamsrs and traders out there that I know but even after saying in his videos that he would personally start helping out his subscribers with there personal trades, he his still yet to respond to me on his Instagram .
This video is beneficial, thanks for the vid keep it up.
Good video, sometimes traders needs to hear this kind of teachings and not just how to trade to prepare themselves for the journey ahead.
Thank you for your amazing videos 🙏🏻🙏🏻🙏🏻🙏🏻
Glad to help Adrian!🤗 Please remember to leave a like on the video 😉.
Amazing video today, i'm exactly in this level of trading journey that you mentioned today. I'm very thankful for you for every content that you present for us. every info that you give in the videos are highly important.
Your content is real🔥
Contents in this video are very educational n helpful Umar.
RM MM MS PB n consistency are the components which leads to be a pro trader in future.
Thanks
I think variance is an important thing to consider as well. Even if you have a solid trading plan, variance can really mess with your head and make you second guess yourself.
Thank you for for this video umar. It really helped me.
Get in touch 🎉🎉🎉
Thanks alot man ❤
Thank You Sir
Many thanks Umar!!!
Thank you!
You are the only guy I can listen to all day
Great idea thank you sir
Thanks Umar. Im improving my trading with that
thanks, man will be super profitable