Day Trade Like a Casino to Make Money | Step by Step Breakdown
ฝัง
- เผยแพร่เมื่อ 3 มิ.ย. 2024
- #daytrading #casino #stockmarket
Learn how to trade like a casino to become a profitable trader!
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
Chapters:
0:00 Intro
0:48 How does a Casino operate?
2:44 Trade like a Casino
3:41 Trading with an Edge
4:52 Risk Management
7:21 Managing Emotions
8:56 Summary
DISCLAIMER I am not a financial advisor and anything that I say on this TH-cam channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
#daytrading #trading #daytrader
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If you enjoyed this video, consider subscribing! I’m on a mission to share everything I’ve learnt from my 10+ years as a trader in the financial markets.
Share this video with a friend that you think can receive value from learning to trade and make money like a casino. 💰
Comment below and I’ll answer any questions.
Sir my money has been killed by a scamer please help me that was my mom's money if mom finds out mom will die sir 300 dollars I am a student how can I manage it
@@mdsadiqulpramanik926 you will go through it, be honest with your mum and bet on yourself by learning and pushing forward...😌 you got this..
Will be expecting your video where you go into details about creating an edge ✨️. Thanks for your videos
@@Courber99 plzz help mee plzz
Thanks alot for your life trading lessons, and tradezella.
Could also maybe have good ideas on some of the brokers to consider to try especially when trading forex and most importantly I can access it from Africa( Kenya)
Edge + RM= consistency 💠
@@PixelPursuit11omg how?!?!!!??????????😮😮😮😮
What is RM?
@@kueyt2744Risk management
Does this so called muslim know that gambling is haram?
"Your risk management becomes larger, it destroys your system of keeping the risk in the certain range for your system to work" amazing concept
🙌🙌
Breaking it down to the easiest way possible...thank you
Glad it helped!
So clear! I used to focus on so much useless knowledge. This is essentially the components I figured out over time!
I’m gone keep it simple “You’re changing lives”!!
The only TH-cam video that changed my perspective to trading. Thank you from the bottom of my heart 🙌🏼🙏🏽🙏🏽
This is so similar to Sports Betting too! Literally have the same Risk Management in place and just aim to be 60% correct in a season/ year. Trading is just so much more money I find interims of profitability, and success rates however.
Very few people win 60% of sports betting consistently when they bet too often. I make only around 20 NFL and college football bets per year when I used to do more I would lose my edge and money.
This is a pretty good analogy! And I’d say you could take it a step further and say that each strategy is like a different game at the casino. Each table has a different risk tolerance, whether it’s roulette or blackjack or craps. One could be $1k, $2k or $4k. Personally I have 2 strategies that I use. One is more probable to be profitable (but less likely to occur) than the other and my risk tolerance is high so I use 3% on that one and 1% on the other. It’s a different game so my edge is better.
I found about this from Mark Douglas's mantal toughest Seminar
Always speaking the reality of trading.
and how to become consistent.
Thankyou for everything you doing bro.
We are on the same journey as you were brother. Prayers to you and your endeavours
I HAVE BEEN FOLLOWING UMAR SINCE 2019 !!!! this man literally changed my life ❤️
The best core concept of trading ever get on the internet thank you brother 🙏🏽🙏🏽
This was one of the best videos I’ve seen yet. Awesome job
Wow, thanks! I really appreciate that!
Thank you Umar Ashraf brother. You are inspiration FOR us to become Pro trader. Noted some key points. 1) Have an Edge, 2) Risk management 3) Control your emotion😍😘
Spot on!
@@UmarAshraf28 Be a man and give props to the real expert that came up with this idea, whose video you basically stole, you rip off artist.
Strongly agreed Umar is amazing he even explains and make things like so much easier to understand more than a lot of good and random teachers out there
This is exactly what I’ve created over the past week on holiday, I knew I was going wrong with risk management even as my method had an edge.
Slow growth would be matched with a small decline.
Those with rapid growth accounts can lose it too.
God bless you for sharing such content with us... I'm glad i find you on TH-cam ❤😊
This is value. Well Done friend
Brilliant advice thankyou..
Best video on probability I've ever seen and is vital for every trader to understand
I appreciate that! 🙏
I love these videos!!! Keep them coming!
Absolutely will do! 🔥
Damn synchronicity is crazy I was searching for Mark Douglas version of trading like a casino and my boy Umar got the updated version
Awesome this really helped me alot to improve my risk management game
Such an organized video . Sauce everywhere 💎
I appreciate you for that!
Very informative plus i love the music in the backgroud. It puts me in the zone to focus on the information/video
Thank you so much. This video gave me a wider fever pitch.
Excellent video as always! Thank you so much Umar!
Thank you for the constant support 🎉
Words of wisdom .. this advice is extremely valuable . Thank you and keep up the good work
Thank you! Will do!
GOOD CONTENT !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way. Business and investment are the best way to make money even under the nose off
Great stuff, keep it coming!
Thanks, will do!
was waiting for your new video brotha, making notes now :)
Thank you for your constant support Saurav!
Thanks, Umar! Great lessons...looking forward to more.
Plenty more coming soon!
Thank you bro for this master piece
Good job explaining. I definitely learned something new ❤
I'm glad!
simple short and clear as always bro💪🥂❤🥳
I appreciate that!
One of the best video. Thank you for all the amazing content.
Can you please make a video on how to develop an edge?
honestly this is all i needed i did know how to form a solid strategy thanks man.
You’re welcome! 🔥
Great video one of the best break downs ever 🎉
Appreciate it!
Thank you very much Mr Ashraf. Your knowledge is of great assistance!
👌🔥
Awesome, thanks
Big content my friend. Keep it up!!
I appreciate the support! 🙏
Very valuable information Thank you for the video sir
Great video man, helps a lot, thz for your guidance and all the knowledge you share 🙏🏻
👏🔥
Thank You!
Great value video
Glad it was helpful!
love it as a future trader risk management is very important
You said it right!
Thanks a lot for this insightful video.
You're welcome! I would love to hear from you if you have any ideas for future videos?
Nice video, thank you.
well explained the concepts I also found in the book “Trading in the zone”
I’m glad you liked it!
This is one of the best trading mindset and strategy video I have seen to date. Thanks Umar! Keep it up bro
Thank you!
thank you this video is exaclty what I needed
Glad it helped!
THIS WAS BEAUTIFUL
🙏🔥
This is the No 1 videos from your all videos..
5 star ✨ for this videos man..
I just love to keep learning new things .. such a valuable information.
Thank you bro ❤ from BD 🇧🇩
Thank you!
Great video... congrats!
Glad you liked it!
keep them coming!
Definitely!
Thank you!
Thank you for sharing valuable information ❤.. looking forward for more videos😊..
I’m glad you liked the content! Plenty more coming soon 👏🔥
Thank you for your amazing content
Glad you enjoy it!
learning a lot from your videos keep it up for us
I'm glad you like it! Can you share with me what content has been the most valuable to you so far?
I respect Umar Ashraf as a person. He accepts the source of the content. This is a good way to teach people. The knowledge in this video is a gem. There are people who copy contenta and do not accept it. But Umar is a real person and a real trader. Hope to see you someday when my trading will reach to your level.
🙏🔥
Thank you very much for these valuable information
Glad it was helpful!
You helped me a lot
Thank you sir
I’m glad the content is helping you!
What a interesting and helpful video. Thanks I really appreciate it. I learn from you. :) Happy 4th
Glad it was helpful!
Makes alot of sense
thats what Marc Douglas teaches in Trading in the Zone. Excellent
Spot on! What's your best takeaways from that book?
@@UmarAshraf28 to think in probabilities! changed a lot
hope to see more vids in the future Umar! always appreciate the content and help
Thank you! More to come 🙌🔥
I always appreciate your insight especially when I havent been doing as well and feel like it might be me or my strategy affecting my trading🙏
I’m glad! 🙏🔥
thank you brother❤
Very refreshing to see a trading influencer that isn't a bullshit artist
Great video man 👍
Appreciate it!
Great info. Take my sub.
Very good, thank you!
Glad you liked it!
FIRST! THANK you so much from Portugal.
Hello Rafael! Sending good wishes to you.
@@UmarAshraf28 ohh bro this video its gold, i stoped trading for 2 months, but im going back, im my last acount i lost 400 euros, because of risk management, when i traded small i woul win almost 80% of the trades then i got a greedy, and i lost in total 400. Man good lessons. Its part of the game hahahha.
@@rafaelmarques5118 It’s all part of the game! Thank you for the insight Rafael!
This video literally opened my eye , I've been struggling to become profitable 📈
I'm a good talented trader and a future millionaire , my profits been good and big but also I've had more than enough losses so I've been in a range or sideways chart in my trading accounts
Great Great Great Content !!
👏👏🔥
Really knowledgeable
🙏
Great great video
Thank you!
Nice video thx!
You’re welcome!
Umar, please make a video explaining how to identify volume
Right on. Basically I can loss 2/3 of my trades and I’ll still be profitable.
Thank you
You're welcome!
1_Find a good edge and 2_Risk management are the guarantee of long term 💯 success. ❤
That’s right!
Finding my edge through charting and using the same strategies.
Hi Umar, could you please make a video explaining why you decided to transition to Futures trading even though you've made a lot of money trading options?
Spot on
🙌🔥
I'm a beginner in trading I'm still learning... Haven't took a trade with real money yet... But man what you said about emotions is so true.. I get frustrated even with a demo account 😅.. Love the content thanks man ❤
you gonna die with a real account
@@Sihle_3 🤣 i hope not
Real account will test everything about you, your.. patience, strength, weakness,...
Thank you 😊
You're welcome Nilesh! 🙏
Umar u r the best. I really dont know Too much about edge .
It’s worth studying about!
So can u make a video about edge pleas
Watching from UAE Love you bro❤❤❤
Thank you so much 😀
So far this is the best videos of umar ashraf❤
Bc he read's Trading in the Zone multiple Times... but still good content. Like this.
@@mosir319 but I think also he’s a professional trader
PLEASE make videos with details of what your opinion on a “edge” is and if you don’t mind a strategy u may feel like sharing since u have been successful. I remember you saying something in another video about a gap up strategy you have used , waiting for a pull back or something, but a bit more than just advice on emotions or risk management. It would be nice to get something very simple and an actual tip that could be applied more tangible. I appreciate all ur videos bro
Thank you for your constant support! I’ve noted what you have mentioned 🙏
@@UmarAshraf28 🙏
@@UmarAshraf28Hey Umar could you also share how to read/ understand order-flows. I noticed in one of your shorts, you mentioned understanding orderflows as being important.
It's your job to find your edge. It's not that difficult when you actually put in the work. Why should he share his with you? Nobody will. The edge is just one component of trading.
I wanna thanks myself for finding your vedio,having interest on your videos and subscribe.. thanks umar....Brother from Saudi arabia.
Thank you!
oh yeah bro this fireeee
Thank you so much sir❤
Thanks
I started following your channel yesterday, you are so unique, i really admire your knowledge sir🙏 unfortunately, im finding it so hard to stick to risk management, i just need this money, and im also finds it so hard to controls my mood whenever im loosing, once i lose up to 3 trades, i always lose control
Pick up this book called "The Disciplined Trader" by Mark Douglas.
@@UmarAshraf28not OP, but thanks bro....❤❤❤
Nice
Umar sir please make one special videos on edge. And trading style for beginner. Please it's request to you
Thank you.
You're welcome!
The title of this video really attracted me
👌🔥