How I Day Trade Like a Business

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  • čas přidán 6. 06. 2024
  • #daytrader #business #tradingeducation
    In this video I breakdown how to day trade like a business, step by step.
    I use TradeZella to track and journal my trades.
    www.tradezella.com/?via=umar
    Follow my socials:
    / umarashraf
    / umarashraf
    Chapters:
    0:00 Intro
    1:18 Have a business plan
    1:38 What markets do I want to trade?
    2:26 What assets do I want to trade?
    3:04 How much am I willing to trade with?
    4:38 How much will I risk per trade?
    6:50 What does my strategy look like?
    9:17 Track your trading progress
    11:52 Have a Process and Structure
    13:57 Conclusion
    #daytrading #trading #tradingpsychology

Komentáře • 581

  • @UmarAshraf28
    @UmarAshraf28  Před 10 měsíci +539

    If we can get this video to 5K likes, ill make a video walking you guys through my full "Trading Game Plan" and show you the ins and outs.

    • @user-gf8sg7yo7i
      @user-gf8sg7yo7i Před 10 měsíci +10

      That day where to get the order book and footprint charts

    • @UmarAshraf28
      @UmarAshraf28  Před 10 měsíci +46

      @@user-gf8sg7yo7i Coming next Sunday, we weren't able to put it together in time for today but next Sunday its coming :)

    • @dunktimetm6216
      @dunktimetm6216 Před 10 měsíci +4

      ⁠@@UmarAshraf28yeah im waiting to know how to get access to order flow chart and footprint

    • @kalpeshbhatt2853
      @kalpeshbhatt2853 Před 10 měsíci +1

      Kindly make videos for Indian market too because as these markets don't support price action in and very uncertain

    • @kalpeshbhatt2853
      @kalpeshbhatt2853 Před 10 měsíci +1

      And also guide in your video as scammers using your name

  • @edemasuquo4775
    @edemasuquo4775 Před 9 měsíci +18

    Most newbies wouldn’t want to watch this but this is what they need first even before getting a broker/exchange. Top notch

  • @totallysick88able
    @totallysick88able Před 10 měsíci +109

    I found it helpful to take screenshots of all my trades (wins and losses), post them in a word document and type out the process of that trade. I’ll add trend lines and arrows and even circle things on the chart. This really drills it in to my head so I don’t keep making the same mistakes. It also refines my trading strategy because I see what’s working and what isn’t.

    • @joshuaoladele758
      @joshuaoladele758 Před 9 měsíci

      Nice 👍

    • @ETW-sw7rs
      @ETW-sw7rs Před 8 měsíci +2

      yeah I make a slideshow every morning on premarket thoughts, today, yesterday, and tm analyisis, my plan and scenarios, my thought process and trades and after day analysis

    • @Brucato
      @Brucato Před 8 měsíci

      I have just startet doing the same using notion. But i make drawings and comments on the chart inn tradingview and then downloading into folder inn notion. Its crazy i did not do this from the start 😢

    • @Fuse_bulb558
      @Fuse_bulb558 Před 7 měsíci

      From this shir you can identify the problem we can solve it and make rules based on the strategy

    • @MackMittenzTV
      @MackMittenzTV Před 7 měsíci

      I do the same thing!!! Tradezella allows you to take screen shots also!

  • @angelgutierrez9875
    @angelgutierrez9875 Před 10 měsíci +12

    being with you over the years I love how your content has evolved to this point. Amazing

  • @user-bv2me1uq1c
    @user-bv2me1uq1c Před 2 měsíci +150

    AMZ45G will be one of the biggest projects in the future. 2024 will be on fire

  • @archie1514
    @archie1514 Před 10 měsíci +54

    This couldn’t have came at a more perfect time. Just passed my evaluation for a funded account. This served as a great guidance. Thank you Umar!

  • @robertsiudak9668
    @robertsiudak9668 Před 10 měsíci +4

    Thank you Umar! Love your Trading Journal! 🙏

  • @DailyMotivationBread
    @DailyMotivationBread Před 10 měsíci +18

    Yes bro facts. If we want our business to become highly profitable we got to have an business plan and an excellent risk management 💯👊🏻 #1 trade mentor

  • @isaackhan5730
    @isaackhan5730 Před 10 měsíci +5

    Amazing video!! Insane amount of value will be rewatching this often.

  • @Houdaifacls
    @Houdaifacls Před 5 měsíci +14

    Bro my trading has completely changed once i started watching your videos ❤❤

  • @jqtrades
    @jqtrades Před 10 měsíci +21

    Only started seeing some progress when I realized this is how trading should be done a month ago and your video made me have more conviction that I am on the right track. Thanks Umar!

  • @blackdiamondoffthegrid8703
    @blackdiamondoffthegrid8703 Před 10 měsíci +5

    100% on the money treating as a business. I’m a self employ pretty much my entire life and the last business we built was a food business. So I use my background and apply to trading specifically futures. It keep me focus and reaching my goal.👌

  • @zethleano
    @zethleano Před 10 měsíci +5

    your videos are so amazing Umar ! its an eye opener for those traders struggling out there ! keep it uppp

  • @VikashGH
    @VikashGH Před 10 měsíci +8

    Great video! Thank you for providing this framework to make it more easy for us beginners 🙏

  • @LongTu167
    @LongTu167 Před 10 měsíci +3

    Amazing video, many thanks Umar. Have a great weekend !!!

  • @sunnyd9341
    @sunnyd9341 Před 10 měsíci +4

    Excellent Content as usual! Keep up the great work!

  • @KnowledgetoDiefor
    @KnowledgetoDiefor Před 10 měsíci +14

    Brother Umar , wow ! What an amazing video. This is exactly the kind of video any new trader would want or even old traders who lost the path somewhere to come back to the basics. Sometimes the solution is right in front of us but we don’t see that, this video gives all the insights to what any trader who wants to be profitable trader should be doing. Kudos brother! Just something personal too , I really hope brother you focusing on your imaan too with trading and get stronger everyday in that too. I pray the best for you brother, assalam alaikum from India.

  • @gizzeconstruction
    @gizzeconstruction Před 9 měsíci +2

    Thanks for the refresher bro! Excellent content!

  • @matthumphries2190
    @matthumphries2190 Před 9 měsíci +2

    By far the best trading foundation informational video I have watched. Thank you.

  • @younesssiouda9562
    @younesssiouda9562 Před 10 měsíci +2

    The honest Trader in CZcams. Thx Mrs Umar

  • @kirk2318
    @kirk2318 Před 10 měsíci +4

    I really appreciate what you’ve said, this confirms I’m on track with my trading career, thanks 😊

  • @phanik6801
    @phanik6801 Před 10 měsíci +1

    Amazing interview Brother thanks for your time!!!

  • @sirekay4292
    @sirekay4292 Před 10 měsíci +1

    This is some great advice, thanks Umar.

  • @abdelaali1983
    @abdelaali1983 Před 9 měsíci +1

    Thanks Umar. I’m learning a lot from your videos.. much appreciated

  • @fussballgottniko
    @fussballgottniko Před 10 měsíci +4

    Great video bro. Appreciate the effort 🙏

  • @mamadousegadiallo2046
    @mamadousegadiallo2046 Před 10 měsíci +1

    Thank you for sharing your experience. Much appreciated ❤

  • @jkuntz67
    @jkuntz67 Před 9 měsíci

    Good day, i was always very reluctant to journal my trade,but after your vid you convinced me to do so ......Thanks

  • @heinz20
    @heinz20 Před 9 měsíci +1

    You've fast become my favourite CZcams channel! Would love to see a daily Vlog to see how you integrate trading with life overall.

  • @elvispresley3234
    @elvispresley3234 Před 10 měsíci +27

    New 61 yr old sub here. As a retired (at 48) business owner ( producing and managing 4mm per yr) I can say that this young man has it down. He is successful because he is methodical and pays attention to the "boring". If you don't know your numbers and methodology you will not succeed. I have taken the last 13 yrs off in order to be with my three kids as they traversed school and their teen/young adult yrs. My last is headed to college this week and I am jumping back in the game of business. I look forward to immersing myself in your content because you, young man, make sense. I wonder if you have a program for someone new to trading? The long term i.e. 12 month plus side of investing I am fairly well acquainted with. Thank you.

  • @ForexProPlus
    @ForexProPlus Před 10 měsíci +2

    One of your best videos, Umar.

  • @kirkholmes9316
    @kirkholmes9316 Před 4 měsíci

    I don't know how I missed your series when I started trading last September. I'm glad I'm watching now anyway! They ring true and are helping me better and more quickly work thru the noise of the markets and is pushing me to just be better with the things I need to be better with in life in general. I appreciate you!

  • @Saizi100
    @Saizi100 Před 10 měsíci +2

    Great insight. Thanks Ashraf

  • @dom.unique777
    @dom.unique777 Před 10 měsíci

    Great video with great perspectives 💪🏼 thank you!

  • @orion_theartist
    @orion_theartist Před 10 měsíci

    Yes exactly the type of video I've been looking for.

  • @okaldirim
    @okaldirim Před 10 měsíci

    Thank you, great video. Looking forward to watching a video walking us through your “Trading Game Plan” MUCH RESPECT.

  • @siddhantdevkota2240
    @siddhantdevkota2240 Před 10 měsíci

    Such a great experience trader. Clearly seems in his word!

  • @AbdulAli-ku9he
    @AbdulAli-ku9he Před 10 měsíci +3

    Well said Umar, thank you.

  • @flowmiamitv6773
    @flowmiamitv6773 Před 5 měsíci +2

    I gain so much value for this revelational video ...I celebrate you immensely

  • @ElectroCrunkKidz
    @ElectroCrunkKidz Před 10 měsíci +5

    Love the video as always, I guess for the most part I have my signature trades, entries, and exits down, and my market has been forex. I have been really good at getting over my trading demons, I feel another thing I need to discipline myself with is journaling, I already mark up many charts but to take a step further and journal how I was feeling or what I did wrong would be a plus. thanks again for a great vid Umar!

  • @user-hl1hw5bi1c
    @user-hl1hw5bi1c Před 10 měsíci

    Thank You For for Valuables Content in Simple way.

  • @Vpolite_guru
    @Vpolite_guru Před 10 měsíci +1

    Thanks for the information bro

  • @bastianhars2208
    @bastianhars2208 Před 9 měsíci

    thanks, definitely found value here

  • @teddymoore9938
    @teddymoore9938 Před 9 měsíci +2

    Thanks, Umar your videos are so on point, thank you for the good advice and your knowledge, that is one thing I do, I take it very seriously in my learning process day today! Thank you very much!🙏👍👏👏👏👏

  • @Mahi9tube
    @Mahi9tube Před 9 měsíci

    Wow. All these details. Terrific 💯

  • @kikisusanto27
    @kikisusanto27 Před 10 měsíci +1

    your word is badass umar, thanks for teaching us

  • @terrywilliams2349
    @terrywilliams2349 Před 10 měsíci

    Great video!! This was on point!! 🎯🎯💯💯

  • @ronn5577
    @ronn5577 Před 9 měsíci

    This is the video I have been looking for, thanks

  • @iambrittanyhughes
    @iambrittanyhughes Před 10 měsíci

    this was extremely helpful, thank you!

  • @user-um3tn8mm5i
    @user-um3tn8mm5i Před 10 měsíci +9

    Thank You Umar as always. Your videos help me a lot! I was thinking about starting a trading company with my 3 trading partners.

  • @ramprasadreddy8619
    @ramprasadreddy8619 Před 6 měsíci

    i loved the word that whether i got lucky or my plan has worked in this trade, information provided very much useful to all

  • @usaveonphones3398
    @usaveonphones3398 Před 10 měsíci

    Great learning for all the beginners

  • @maciejzet5256
    @maciejzet5256 Před 10 měsíci +5

    wow umar now i know why you're that popular in this niche, even though im not beginner nor pro i still managed to get something out of this video, now i know that my pressure on backtesting could be too big and i need to focus more on mental training somehow

  • @AmanKumar-kr9ly
    @AmanKumar-kr9ly Před 8 měsíci +1

    Thank you brother for sharing these question, I was confused that i'm on right track or on wrong one. but after watching this video i'm feeling more confidece because i'm already doing all these things which you shared in this video.

  • @joflo63
    @joflo63 Před 9 měsíci

    Thank you for your valuable advice & insights for treating trading as a business 👍

  • @JG-zm5ug
    @JG-zm5ug Před 5 měsíci +1

    Very nice video me myself i do it the oldschool when journaling my trades by writing them down on a paper to keep track on my data, its like doing homework you hate to do it but it will improve you faster when youre taking it serious, especially when its something you really want to become in the future.

  • @md.shadmanshaiok5483
    @md.shadmanshaiok5483 Před měsícem

    Undoubtedly the best video i watched that sums up everything. Thanks a lot :)

  • @dineshdina974
    @dineshdina974 Před 9 měsíci +5

    Wow, this video was an eye-opener! 🤯 I can't believe how many things I've realized just from watching this. Huge shoutout to you for putting together such an informative and thought-provoking content. Keep up the awesome work, my friend! Looking forward to more mind-blowing videos like this. 🌟👏

  • @Kaz-2017
    @Kaz-2017 Před 9 měsíci

    thanks for your kind information and i really appreciate

  • @derrickthompson2664
    @derrickthompson2664 Před 10 měsíci +3

    Umar i am reading one of your book recommendations “Trading Mindfully” What an excellent book. I highly recommend it to any Trader. More than a book its a guide for learning how to control your mind and focus.

  • @olalekansoyinka462
    @olalekansoyinka462 Před 10 měsíci +4

    Thank you Umar. I think this is one of your best videos I've watched. Your ideas are quite simple & systematic, it drove home the points for me. Keep up the good work.

  • @AbdulRehman-yi1zy
    @AbdulRehman-yi1zy Před 10 měsíci

    Very Informative Video

  • @imadeachibanne2651
    @imadeachibanne2651 Před 10 měsíci

    great video bro , i shared it with all my friends

  • @orozkids5051
    @orozkids5051 Před 10 měsíci

    great video Umar thank you keep them coming 💪 as l continue my journey

  • @jeffallen8026
    @jeffallen8026 Před 10 měsíci +1

    Great stuff

  • @mikehunt752
    @mikehunt752 Před 9 měsíci

    I have to commend you on these videos mate, normally I only see videos on the fastes way to make money or the best indicator, no one really hit on the other side of psychology or patience, knowing when or why, love the vids bud

  • @maderastuff
    @maderastuff Před 3 měsíci

    Bro. What a great, underrated message. Thanks & happy trading.

  • @naffibkbeyond3130
    @naffibkbeyond3130 Před 9 měsíci

    I'm super glad I watched this video. Thanx Bro

  • @astroduck4020
    @astroduck4020 Před 10 měsíci

    Thank you so much Umar ❤

  • @navidgul9934
    @navidgul9934 Před 9 měsíci

    Thank you bro for the videos.I learn a lot from your videos

  • @jessyopoku3458
    @jessyopoku3458 Před 9 měsíci

    Man, this guy! I literally came to this understanding just before I watched this video! I just learned about DOM and footprint charts and came to the conclusion that yo, this game, is like running a business! It wasn't long after that that I remembered seeing this video pop up some days ago. I was like, this video is gotta be about what I discovered! And wala, it was exactly that!

  • @TradingStoploss9016
    @TradingStoploss9016 Před 10 měsíci +3

    thank you a lot..love from INDIA

  • @fredfellar
    @fredfellar Před 10 měsíci

    Thanks Umar, i have learnt a life time lesson

  • @janlabuschagne6337
    @janlabuschagne6337 Před měsícem

    Thank you Umar, love your trading Journal !

  • @kevinaugscholl5309
    @kevinaugscholl5309 Před měsícem +1

    Thank you so much for this amazing guidline

  • @hafzaabdi493
    @hafzaabdi493 Před 10 měsíci

    Love this man he's life changer trader i appreciate it man

  • @kurbol9293
    @kurbol9293 Před 10 měsíci +2

    Umar, that's an excellent video clip straight from years of stock market experience and expertise. I am learning a lot in your educational vidoes. Great job for finding time to do this.

  • @rohitkumarsingh3443
    @rohitkumarsingh3443 Před 10 měsíci +2

    umar we need your full trading game plan and more breakdown of your upcoming trades and the reason of your trades in more depth how you feel and understand it will go up or down

  • @Guillermo535
    @Guillermo535 Před 9 měsíci +9

    If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making 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...

  • @jnjanjua
    @jnjanjua Před 10 měsíci

    Great stuff.

  • @uxmmoxo
    @uxmmoxo Před 10 měsíci +2

    you have imparted invaluable knowledge with regards to trading and all that follows it. I'm sure many have benefited and have used your advices such as journalling in real life. Could i kindly request that you teach us how to use market order data, cumulative volume etc to identify absorption, trend continuation, aggressive buying/selling quantitatively? thanks a million

  • @dharmarajnimbalkar1499
    @dharmarajnimbalkar1499 Před 10 měsíci +3

    Hello
    I actually started trading during the lockdown period. It was a time were I was free for study ,but less to invest as I lost my job . After that I stopped trading as well as learning. Not again I got a job and also started to trade. So I was searching video were I can have simplified theories of trading. I enjoy watching you video and taking note . thanks for your valuable video

  • @jamesmosende8212
    @jamesmosende8212 Před 10 měsíci

    Bro thanks. Very valuable information

  • @rohitdas6489
    @rohitdas6489 Před 10 měsíci

    Thanks a lot sir for giving me a good direction and guidance for trading

  • @AshTradesEu
    @AshTradesEu Před 6 měsíci

    This video is an absolute gem

  • @leonardkipyegonlive3903
    @leonardkipyegonlive3903 Před 9 měsíci

    Thank you for your advice❤

  • @ahaanashwin3973
    @ahaanashwin3973 Před 10 měsíci +1

    Great content Umar. Big fan❤. When did you start trading and when you decided to make it a full-time profession? A brief history of your journey would be helpful for folks like me who are thinking of starting this business.

  • @scentsoftravelmeditation
    @scentsoftravelmeditation Před 9 měsíci

    Thanks Umar
    Your tips are practical and useful

  • @achisamuel8735
    @achisamuel8735 Před 3 měsíci

    Great content on trading bro. Appreciate the work

  • @HT_Ray
    @HT_Ray Před 7 měsíci

    Quality reminder dude

  • @davet4388
    @davet4388 Před 10 měsíci +1

    Hey Umar, do you have a video made on what tools do you use to trade? Like, what kind of software do you use for Oder Flow, DOM, foot print chart? And of course which software do you use for placing your trades. I appreciate your time for making educational videos!

  • @marcomendoza6492
    @marcomendoza6492 Před 9 měsíci

    Great vid thank you

  • @joune03
    @joune03 Před 9 měsíci

    Great Content

  • @Thenarayanaclips
    @Thenarayanaclips Před 10 měsíci

    Thank you so much bro for this wonderful video. This helps a alot really.

  • @melodinaestoque7069
    @melodinaestoque7069 Před 10 měsíci +3

    It is absolutely true 😊

  • @asaeloho1261
    @asaeloho1261 Před 9 měsíci

    Thanks bro, have gained value

  • @RyanMurphy571
    @RyanMurphy571 Před 6 měsíci +41

    Great content and I thank you for breaking it down!! Even in the current crypt0 dip, I'm happy I can smile back at my portfolio of $56,700 made from my weekly trade within a short period.💯💯💯

    • @RyanMurphy571
      @RyanMurphy571 Před 6 měsíci

      ​@Eric-RobertI would recommend you get started with a professional broker that will trade for you while you get the profit,I have been investing in stocks cks and crypto for over 6 years now and I was surprised to see i made over $473k in just the past two quarters

    • @RyanMurphy571
      @RyanMurphy571 Před 6 měsíci

      ​@Eric-RobertI would recommend my current broker Alice Lee chen financials. She is currently earning a lot of profit for me and het services are top notch,most likely, you can find her basic information online; you are welcome to do further research.

    • @RyanMurphy571
      @RyanMurphy571 Před 6 měsíci

      +162

    • @RyanMurphy571
      @RyanMurphy571 Před 6 měsíci

      8227

    • @RyanMurphy571
      @RyanMurphy571 Před 6 měsíci

      9441

  • @rameshseniappan3226
    @rameshseniappan3226 Před 9 měsíci

    Thanks for your videos Dude

  • @arabadjiewww
    @arabadjiewww Před 10 měsíci +2

    Just by watching the intro you understand that the video will be motivational and useful

  • @stephenwilliams768
    @stephenwilliams768 Před 10 měsíci

    Golden advice..

  • @ikramhaider7995
    @ikramhaider7995 Před 10 měsíci

    Thank You Umar Bhai Its So Helpfull To Learn And Become A Profitable Trader💝