Nice video as always but here is my problem I have been making losses trying to make profit in trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
As a beginner who don't understand how trading really works and you really want to make profit from it. I will advise you to first start working with an expert
The biggest myth in trading is you have to be some sort of perfect person with perfect emotions. Nah. Mastering yourself is enhancing your qualities and improving your flaws. But you have to lean on your strength always. Even if some may consider your strength a flaw in personality. Hard to explain.
Who ever said that? 😂 that is a bullshit victim mindset statement.. no serious trader has ever said that. Every single one of them tells you they leave loads on the table and clearly make mistakes basically every single day 😂
Trade when your mad at your significant other see what happens. If your not right in the head that day even with all your rules data . There is a massive chance you will fk up.
Sooooo true. I traded out of desperation because I needed quick money. Bad mistake. It takes time, discipline, strategy. It will mess you up if you are not prepared.
Glad to see your video on my feed. I used watch a few other TH-camrs, bought courses and trading tools.. and followed trades of a couple of em I'm down so much so I stopped watching altogether…210k to 80k. It got addictive. My resolve is the lot are amateurs.
Before you make an investment decision, consult fiducial advisers, taking advice verbatim from youtube is like going to the intern to take lessons passed on from professionals.
You can find them online, make sure theyre registered, have a fduciary responsibility with no disclosures, I work with LOREN LENA WALKER. Some work with commissions, either way negotiate like your life depended on it
hello irenatrulove can I get a phone-no to this advsor you use? What are the fees like? And what is the risk/reward with working with one. I had short positions and got margin calls over 30k when the market began to pump on both accounts
Purvis, If you care for supervision do your own research. what does it look like leaving a number in comments? It will be unsolicited to do that on someone else’s channel. I have made a killing and drawn over 350 thousand in the past 7 months.
The biggest trigger I have about teaching traders is that they SAY they want to trade and yet their actions, process, procedures don’t corroborate them wanting to really be a trader.
Please teach me trading I have a massive passion for trading, seeing your comment makes me agree that most people won't actually do it properly, almost all my waking hours are about investing and daytrading. Please teach me
All these day traders get keeping and acting like they know anything about a market losing their bank accounts, while some kid holding crypto makes 10x their net worth in 1 day 😂😂😂, cringe
Literally all you need. It took me so long to understand that. Was always looking for the best indicator and trading on smaller Timeframes. Learning charts is really like learning a language.
In addition, if you want to master the market, you have to master yourself first. This means controlling/eliminating all emotions from a trade..@@onyx_vii7808
You got a subscriber. I have been trading for 3 years and I lost a lot of money, time and finally stumbled upon a setup that works for me. Knowing your own personality is very important and picking a setup or making one based on that is the perfect blend. Well said brother.
Brother i will tell you now incase you are just beginning, that only 1% of day traders make money in the long run, do not think you will be the exception, the amount of AI and algorithms within stocks and shares brings it to an effective economic equilibrium making it borderline impossible to actually 'win money', if something works, everyone does it making it no longer profitable. Take your money and put it into an index fund like VTI, VOO, VXUS, VT which are all really good ETFS, if you want a slightly more risky one when youre younger to get a higher yield (not playing with your retirement money as an old man), something like VUG is good (this was a copy paste i made so ik ur noit in the beginning)
Idk but i guess that's why having stoploss is important. So it filters out trades that are against your system? I think rather than the system fking up your entire capital, it is more about the trader having a risk management system that prevents you from losing too much when your "trading system" gets caught in the algorithm... And earning enough to cover one or two losses + profit when your "trading system" evades the algorithm and works.
@@turtlecat3507 That 1% statistic is flawed. Here's why. 100 "traders" sign up at a brokerage. 95 make a deposit, 90 take at least one trade. Of those 90, 40 quit right away finding out how risky trading is, 50 stay. 40 of those 50 have families, jobs, or another obligation that they subjectively find more important than trading and do not take trading seriously (as you must to make profit.) 10 take it seriously and trade for at least a year. By that time 5 of those 10 have quit due to lack of long term discipline/risk management (100% controllable). Of the 5 left 1 goes all out with trading and gets funded at a prop firm, the other four may make small profits over time and continue trading as a hobby/spare income. This cycle is continuous. There's always a new wave of fresh rookie traders being added to the loss statistics. Therefore simply by dedicating yourself to learning and sticking with it long term, you are already putting yourself above the other 95%. I've seen you under multiple comments discouraging people about trading. Go focus on yourself if you have nothing positive to say here. Best.
The biggest thing I learned early is that (if the trade isn't going my way) I panic when I don't know what I'm doing. I don't do well with uncertainty. So, every trade I make has to have a detailed plan. Stay disciplined; fight temptation to jump into things that look good at first glance.
Yup. Traded for about a year with a bit of money. I am not an emotional person, but trading took me to those highs and lows. I could feel amazing after one trade then feel worthless after another. It's crazy, but if you can controll your spending, it's also pretty fun.
Great advice Umar, I am working ver hard on this long journey and enjoying this learning process. No rush until I feel like it´s time to start trading without emotions or impatience.
I've been saying this to myself until I hear you say it today. Trading will definitely expose your personality flaws. Therefore you must become a better human being in order to become a better trader. That's my experience.
started trading 3 weeks ago and blew already 80% of my account. I ve had more valuably lessons about myself in this time than in the last year combined.
Discipline is the biggest factor in all of trading learning to take a loss and putting a stoploss to avoid blowing up your account is the one thing every trader needs to master!
The last part about emotional flaws is an actual thing. It's very critical to understand yourself in trading, for example, if you're very impatient by nature. Swing trading won't work for u and vice-versa. Even how much drawdown you are able to take is very important. ✌️
I 100% agree with the emotional flaws part because for myself I’ve had days where my emotions took over and I lost about 3 or 4 % of my funds just because of a simple tantrum setting me back a a few weeks
Brother i will tell you now incase you are just beginning, that only 1% of day traders make money in the long run, do not think you will be the exception, the amount of AI and algorithms within stocks and shares brings it to an effective economic equilibrium making it borderline impossible to actually 'win money', if something works, everyone does it making it no longer profitable. Take your money and put it into an index fund like VTI, VOO, VXUS, VT which are all really good ETFS, if you want a slightly more risky one when youre younger to get a higher yield (not playing with your retirement money as an old man), something like VUG is good
why ur not making money : you dont understand and dont take it serious. an awnser any human being can awnser for literally any skill based question. very helpful
It’s really not for everyone. There’s no shame brother. It’s a really tough business and the reality is most people never make it. If it was easy everyone would do it. Most people you see online are fake
That means your destined for great things if you maintain faith in King Yeshua. He will bless you surely and abundantly and guarantee your eternal residence. Patience is key. In the mean time learn His ways and be proficient in it. You will be above the scams if the world, of which include trading on the stock market and selling future generations away into bandage. You will be free and thus you will promote freedom in all you do. As long as you remember your King, Yeshua is He, and He loves you very much
I’ve been on a really hot streak for like 3 months now. I wouldn’t say I’m a “day trader” but I’m a “daily trader”. Some positions are short term, some are long term plays. I don’t trade on usual metrics, I’ve just been going with companies that I believe are doing the right thing and headed in the right direction. I believe they’re positioned well with their debt, cash on hand, market share, and most importantly product offerings and innovations. And I’ve hit major growth on literally *everything* for months now. Most of it has been in tech, as that’s what I understand the best. I caught 10 shares of NVIDIA 2 days before the 30% jump this week (I know that doesn’t seem like a lot to many people but it’s a lot to me) as a great example. A lot of this has been just “feelings” and “hunches”. The only thing that’s not really performing well is my index fund holdings. I’m aware this is not a great long term strategy. And I’m not stockstradaumus. But for what it’s worth I’m dumping virtually all of my individual stock holdings on Tuesday. Idk why. Call it a hunch. Believe me or don’t. But I think we’re hitting 52 week highs for a lot of these tech companies because they’re beating Q2 projections, they’ll stagnate through the summer, maybe losing 2-5% over the next three months, and we’re looking at a fall crash. Could be wrong. But it’s what I’m feeling in this current market that I’ve been very very right on. Do what you will with that.
I shouldn't be saying this because I'm just trading for only 3 days now but, damn, I'm getting a taste of my flaws. But on the good side, I'm learning and understanding it too.
So its harder than it look. Like fr everybody its so much. You can either treat it as gambling or really focus and study this stuff. I haven't started cause im still learning bro like fr. I hope this work out. Once I complete this understanding of this mission I will be satisfied and take it to new heights. I have to hype myself up and everybody else. Believe it or not we have to change the future bro
Yep. Learned lots about myself and how I react to things when dealing with stocks. Learned what's best for me is to find something long term and let it ride. I create a net negative if I day trade and let my emotions interfere.
Nice video as always but here is my problem I have been making losses trying to make profit in trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
As a beginner who don't understand how trading really works and you really want to make profit from it. I will advise you to first start working with an expert
Could you recommend your advisor? I'll be happy to use some help.
Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
The biggest myth in trading is you have to be some sort of perfect person with perfect emotions. Nah. Mastering yourself is enhancing your qualities and improving your flaws. But you have to lean on your strength always. Even if some may consider your strength a flaw in personality. Hard to explain.
Facts
Who ever said that? 😂 that is a bullshit victim mindset statement.. no serious trader has ever said that.
Every single one of them tells you they leave loads on the table and clearly make mistakes basically every single day 😂
Trade when your mad at your significant other see what happens. If your not right in the head that day even with all your rules data . There is a massive chance you will fk up.
@@GrgAProduction many TH-cam channels feed that information to people who don't trade or just began trading
More than working on your strength, it's about working on your flaws, learn from mistakes and not repeat them..
Damn. You just straight told me about my damn self. 😂
It everyone until we evolve our brain
Fr
So make yourself better
Sooooo true. I traded out of desperation because I needed quick money. Bad mistake. It takes time, discipline, strategy. It will mess you up if you are not prepared.
No you lost money because day trading so just gambling with extra steps. Dont get sucked into this cult of idiots...
True. But U also have to Go through that process.. to understand what will Happen
One thing is for certain, it is NOT quick money haha... oh if I had a nickle for every account blown due to this desire I would be a quadrillionaire
@@bedirsayar8443yup
@@bedirsayar8443 So true.
Glad to see your video on my feed. I used watch a few other TH-camrs, bought courses and trading tools.. and followed trades of a couple of em I'm down so much so I stopped watching altogether…210k to 80k. It got addictive. My resolve is the lot are amateurs.
Before you make an investment decision, consult fiducial advisers, taking advice verbatim from youtube is like going to the intern to take lessons passed on from professionals.
how can one get such an adviser?
You can find them online, make sure theyre registered, have a fduciary responsibility with no disclosures, I work with LOREN LENA WALKER. Some work with commissions, either way negotiate like your life depended on it
hello irenatrulove can I get a phone-no to this advsor you use? What are the fees like? And what is the risk/reward with working with one. I had short positions and got margin calls over 30k when the market began to pump on both accounts
Purvis, If you care for supervision do your own research. what does it look like leaving a number in comments? It will be unsolicited to do that on someone else’s channel. I have made a killing and drawn over 350 thousand in the past 7 months.
The biggest trigger I have about teaching traders is that they SAY they want to trade and yet their actions, process, procedures don’t corroborate them wanting to really be a trader.
Please teach me trading I have a massive passion for trading, seeing your comment makes me agree that most people won't actually do it properly, almost all my waking hours are about investing and daytrading. Please teach me
Disciplined and Consistent Quality learning, save the quantity for Quantitative Analysis and the Law of Large Numbers.
@@Luciddreaming365
Understand time… how time affects the market and why
I will teach you for a month for FREE. @@Luciddreaming365
All these day traders get keeping and acting like they know anything about a market losing their bank accounts, while some kid holding crypto makes 10x their net worth in 1 day 😂😂😂, cringe
So true I’m learning how to control my emotions and that my mental stops must go before my physical stops
Stop... Market is manipulated. Its all about trend along with support and resistance and flow. Dont overthink it...
i agree with the trend idea i use 3 trend tools custom but i have automatic back tests on my tools with w/r roi profit ect ect
I personally just follow price action with S/R and candle confirmations. works like a charm@@Ai-Professor.1
I have like 3 systems to help understand what the hell is going on, price action, supply and demand , and fibonacci
Literally all you need. It took me so long to understand that. Was always looking for the best indicator and trading on smaller Timeframes. Learning charts is really like learning a language.
In addition, if you want to master the market, you have to master yourself first. This means controlling/eliminating all emotions from a trade..@@onyx_vii7808
Trading is more about You Vs You than You vs the market.
You got a subscriber. I have been trading for 3 years and I lost a lot of money, time and finally stumbled upon a setup that works for me. Knowing your own personality is very important and picking a setup or making one based on that is the perfect blend. Well said brother.
Let me help you
Is there any sort of community or fourm I can join?
Brother i will tell you now incase you are just beginning, that only 1% of day traders make money in the long run, do not think you will be the exception, the amount of AI and algorithms within stocks and shares brings it to an effective economic equilibrium making it borderline impossible to actually 'win money', if something works, everyone does it making it no longer profitable.
Take your money and put it into an index fund like VTI, VOO, VXUS, VT which are all really good ETFS, if you want a slightly more risky one when youre younger to get a higher yield (not playing with your retirement money as an old man), something like VUG is good
(this was a copy paste i made so ik ur noit in the beginning)
Idk but i guess that's why having stoploss is important. So it filters out trades that are against your system?
I think rather than the system fking up your entire capital, it is more about the trader having a risk management system that prevents you from losing too much when your "trading system" gets caught in the algorithm... And earning enough to cover one or two losses + profit when your "trading system" evades the algorithm and works.
@@turtlecat3507 That 1% statistic is flawed. Here's why. 100 "traders" sign up at a brokerage. 95 make a deposit, 90 take at least one trade. Of those 90, 40 quit right away finding out how risky trading is, 50 stay. 40 of those 50 have families, jobs, or another obligation that they subjectively find more important than trading and do not take trading seriously (as you must to make profit.) 10 take it seriously and trade for at least a year. By that time 5 of those 10 have quit due to lack of long term discipline/risk management (100% controllable). Of the 5 left 1 goes all out with trading and gets funded at a prop firm, the other four may make small profits over time and continue trading as a hobby/spare income. This cycle is continuous. There's always a new wave of fresh rookie traders being added to the loss statistics. Therefore simply by dedicating yourself to learning and sticking with it long term, you are already putting yourself above the other 95%. I've seen you under multiple comments discouraging people about trading. Go focus on yourself if you have nothing positive to say here. Best.
8 yrs and still at loss. I will make it now. The time has come. I can feel it slowly coming my way.
really??
@@Light_PainterWhat type of strategy you using?
@@Light_Painter nice, hope you will make more
@@Light_Painter what strategy do you use?
@@Light_Painter bro what
100% when it comes to exploding the emotional flaws …. Yeap it just shows what’s our reality
True True
Treat it as a Business,
Livelyhood , stay serious and stay Focus
Be about it and
Pray about ❤🙏🙏🕊️
The biggest thing I learned early is that (if the trade isn't going my way) I panic when I don't know what I'm doing. I don't do well with uncertainty. So, every trade I make has to have a detailed plan. Stay disciplined; fight temptation to jump into things that look good at first glance.
This man spitting facts 💯
Yup. Traded for about a year with a bit of money. I am not an emotional person, but trading took me to those highs and lows. I could feel amazing after one trade then feel worthless after another. It's crazy, but if you can controll your spending, it's also pretty fun.
What a powerful phrase!
Trading exposes your emotional flaws.
You speak from experience , thats real man..
How do you know that for sure?
Ummmm this guy is a gambler talking about gambling.. If you dont get it read this again and think..
Tell me your a failed trader without telling you're a failed trader.
Shit if he can repeatedly make millions year after year then so be it. Call it what you want.
@@theoneandonly1671 *professional gambler, you nor anyone else knows what candle is coming next.. every trade you make is a 50/50 , no ifs or buts.
Great advice Umar, I am working ver hard on this long journey and enjoying this learning process. No rush until I feel like it´s time to start trading without emotions or impatience.
Just remember it’s impossible to trade without emotions. You need to train your emotions. They’ll always be there.
& that 2nd reasson is why i love trading, its like a mirror for my emotional flaws.
❗️❗️great information ℹ️
I still treat leaps like weeklies. Best to buy and hold
Golden advice here
This guys shorts are gems upon gems.
If they were gems he wouldn't be doing TH-cam
Facts, it took me 3 years and shit load of money money lost before trading even and lil profit
Great point 👍
Ready to learn and make that money
Finding that process is one of the hardest things to figure out.
I've been saying this to myself until I hear you say it today. Trading will definitely expose your personality flaws. Therefore you must become a better human being in order to become a better trader. That's my experience.
started trading 3 weeks ago and blew already 80% of my account. I ve had more valuably lessons about myself in this time than in the last year combined.
You are right on point!
Thank You 🙏
Keep it simple
This guy knows what's he's talking,I think he's saying this based on experience, probably the mistakes that he did in the past
So true! I’ve learned a lot about myself 💯
Spitting facts all day long. Trading has learned me so much about myself and I'm just getting started.
Thanks for your word Sir
Thank you Umar!
True words bro 🫡
Great lessons❤
Last line exactly 💯
You are sooooo right.....
is this a snip from a longer podcast cause if so i need to watch it
This is complete facts
Discipline is the biggest factor in all of trading learning to take a loss and putting a stoploss to avoid blowing up your account is the one thing every trader needs to master!
Thats what ive mastered as a beginner .
Emotions are not flaws. Some of them just don't fit in trading and investing. It's absolutely normal to have fear of loss
translation: but my journal 😂
The last part about emotional flaws is an actual thing. It's very critical to understand yourself in trading, for example, if you're very impatient by nature. Swing trading won't work for u and vice-versa. Even how much drawdown you are able to take is very important. ✌️
My bossss #True talk🙌🙌
Or when you ask them they start insulting you 😂😂😂
I 100% agree with the emotional flaws part because for myself I’ve had days where my emotions took over and I lost about 3 or 4 % of my funds just because of a simple tantrum setting me back a a few weeks
Brother i will tell you now incase you are just beginning, that only 1% of day traders make money in the long run, do not think you will be the exception, the amount of AI and algorithms within stocks and shares brings it to an effective economic equilibrium making it borderline impossible to actually 'win money', if something works, everyone does it making it no longer profitable.
Take your money and put it into an index fund like VTI, VOO, VXUS, VT which are all really good ETFS, if you want a slightly more risky one when youre younger to get a higher yield (not playing with your retirement money as an old man), something like VUG is good
Legend said it all!
Your comment about "trading will expose all your flaws" seared itself into my brain.😮
This is gold.
Wow. He just described me.
ME TOO!!!!!!!
why ur not making money : you dont understand and dont take it serious.
an awnser any human being can awnser for literally any skill based question. very helpful
i tried 2 years ago and got the conclusion that im not cut out for it. now i rather think maybe i wasnt willing to reflect and improve.
It’s really not for everyone. There’s no shame brother. It’s a really tough business and the reality is most people never make it. If it was easy everyone would do it. Most people you see online are fake
That means your destined for great things if you maintain faith in King Yeshua. He will bless you surely and abundantly and guarantee your eternal residence. Patience is key. In the mean time learn His ways and be proficient in it. You will be above the scams if the world, of which include trading on the stock market and selling future generations away into bandage. You will be free and thus you will promote freedom in all you do. As long as you remember your King, Yeshua is He, and He loves you very much
Sooo true bro
Very interesting.
I figured that out on the second year and nobody would fund me despite the data I could show to them.
I’ve been on a really hot streak for like 3 months now. I wouldn’t say I’m a “day trader” but I’m a “daily trader”. Some positions are short term, some are long term plays.
I don’t trade on usual metrics, I’ve just been going with companies that I believe are doing the right thing and headed in the right direction. I believe they’re positioned well with their debt, cash on hand, market share, and most importantly product offerings and innovations.
And I’ve hit major growth on literally *everything* for months now. Most of it has been in tech, as that’s what I understand the best. I caught 10 shares of NVIDIA 2 days before the 30% jump this week (I know that doesn’t seem like a lot to many people but it’s a lot to me) as a great example. A lot of this has been just “feelings” and “hunches”. The only thing that’s not really performing well is my index fund holdings.
I’m aware this is not a great long term strategy. And I’m not stockstradaumus. But for what it’s worth I’m dumping virtually all of my individual stock holdings on Tuesday. Idk why. Call it a hunch. Believe me or don’t. But I think we’re hitting 52 week highs for a lot of these tech companies because they’re beating Q2 projections, they’ll stagnate through the summer, maybe losing 2-5% over the next three months, and we’re looking at a fall crash.
Could be wrong. But it’s what I’m feeling in this current market that I’ve been very very right on. Do what you will with that.
The truth of it is each of your losses is someone else's gain, if you choose not to gamble your money you'll never lose.
Yes I cry sometimes 😂😂sike 🙏to all traders learning
The last line is facts,
Almost broke my computer just because of my anger when I was losing money😂😂😂😂 it's not easy very painful to watch
You speak from experience 👏👏
Haqeeqat hai sir
Amen....I found out more about myself since I've been trading. Patience is my biggest problem.
Very good video. Spot on
I never understood why people take big risks when they have enough funds. Give me that 50k and I'll never lose money.
Trading is an art, not a science. That’s another thing people don’t understand.
Extremely important to have stop losses set or trailing stops
thank you umar!
10000000% agreed
i totally agree, and I'm realize about myself
Trading is like fighting, Knowledge is useless without experience.
It sounds mundane, but it's very true and very powerful
I shouldn't be saying this because I'm just trading for only 3 days now but, damn, I'm getting a taste of my flaws.
But on the good side, I'm learning and understanding it too.
Truth i have been waiting to hear since so long 👍🏻
Well said.
So its harder than it look. Like fr everybody its so much. You can either treat it as gambling or really focus and study this stuff. I haven't started cause im still learning bro like fr. I hope this work out. Once I complete this understanding of this mission I will be satisfied and take it to new heights. I have to hype myself up and everybody else. Believe it or not we have to change the future bro
Effectively all traders lose to a simple low cost index fund in the long term. Dont waste your time, just put your money in an index fund.
That was me last two months, time to get serious now
Or they don't have to tell you shit.
😂😂😂😂
this is pure
I put money on options and whatever I think I should pick I go with the opposite. Works 100% of the time 20% of the time
Having a system changes your whole mentality. Even if you make a loss then also you are confident. One who loses without a system just gets scared.
thank you very much for sharing Sir
This so true bro
Yep. Learned lots about myself and how I react to things when dealing with stocks. Learned what's best for me is to find something long term and let it ride. I create a net negative if I day trade and let my emotions interfere.
Journal your trades and stay disciplined with the process. Stop focusing on the outcomes and focus on the process.
You earned a subscriber here for sure
i don't understand how some people make trading so complicated with fancy words....keep it simple
Ok. This is all facts.
Mfs be calling themselves traders and don’t even know what a linear regression is😂
My guy doesn’t matter
i’m the personal who’s traded 2-3 years with no data to back up, but i’m just now trying to track, journal, and organize it 😅
Thank you for sharing.❤
The second thing is an attitude, the first one is only work. ❤
Don't be serious on trading. You'll make money for sure. And please keep an external income. It'll manage your emotion in trading
Theres 2 people in trading, the gambler, and the house.