Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
@mr.variety Journaling. Journal everything during your trading day. What the market context was, what set ups you took. Most importantly, your emotions during the trading hours.
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
@@mr.varietybest advice I can think of is to listen to some trading psychology, especially during trading. U might know and understand it but as soon as ur at the chart, you don’t even consider it anymore. Same with me. So I think it might help to listen some psychology while trading. Listen to the bad side of stranding, making u understand while u trade.
You don’t need to blow money to get the experience and knowledge. Backtesting and forward testing on demo is more than enough to experience the markets and gain confidence in your system
@@suggondees4882If you really have that control over yourself and you implement that then you are special. Bcuz inspite of all the caution and advices, My hard head wouldn't just follow thru with it. So much that in a paper I would write down 'things never to do' and how badly it has affected me, And I had it pasted in a wall, Yet once Trading started I lose control over myself. Now after losing total capital of 3k$, Now I really understand the gravity of my mistakes and strictly am following a system.
Normal, your brain will slowly start to recognize the patterns and price flow that is familiar to you..but it could take 4 months, could take 4 years. Keep the risk light b/c there will be mistakes made as market direction shifts and changes. You want to try to avoid having the mistakes be so heavy and costly. Hope you’re analysis is getting more tuned. I guess it spends on what you are trading..but when looking at SPY, I trade the Index Dow Jones..correlates with SPY. Sometimes the NY open price moves really fast..sometimes it takes 30min maybe 2 hours for the market to find clear support after all the early liquidity..at least giving you confidence/better clarity in placing good stops and letting the rest ride. What’s been helping me a lot recently is..literally..give the market time to wobble around, finding its “balanced” state. And if you are still having a hard time reading the chart flow..just keep reviewing the chart and pay close attention to how it eventually bounces of an area from NY open time, that’s if you are trading US Equites/SPY/Indices (from my experience). Just sit on your hands and observe how it likes to dance around at the open..things will begin connecting. I intentionally put all my focus and energy into understanding the US30 Index, Dow Jones..which is basically correlates with SPY. So watching Umar’s trades, I can now understand what he’s talking about..but it’s taken just over 4 years for me. Prop firms are nice too, if you have a decent trade system that works for you. Just keep the risk low..so you don’t have to ever worry about hitting your daily max loss on prop firms. I began with FTMO, but there’s many great firms out there. For example, if you’re max daily loss is $10K on a prop account. Risk like $500-1000. No need to rush..keep it light so your emotions are well balanced. It’s your personal journey. Learn from others, take bits and pieces and do what gravitates to you more. 🙏💯 Just a tip..I experienced the same thing..watching the price action for hours on each session..even during Asian/London session when there’s almost no volume..but it helped me learn sooooo much. Nice thing about Index trading is that you can easily enter a position pre market or after hours..helps me “be in line early” before the major moves begin to happen. Sometimes the pre market / after hours moves happen aggressively too before NY open. Quick example..during this most recent CPI data report..I was going long before the open, but I was rationalizing my decision based on technical price action. Market pumped right at 5:30am aggressively and then continued to go a higher during NY open. So it felt nice being able to be in early without the stress for making a decision during the open.
Facts! I spent the last 4yrs on and off. Jumping from “mentor” to mentor, course to course and strategy to strategy just to find myself in a worse place and wasting 4yrs on this journey. 🤦🏻♂️
Cant be better said than this. Long term - Quality over quantity. For me it was 4 years of chasing money (2018-2022) and not focusing on self mastery. Now its all about self preparedness before getting into the market then observe the market and play. Money becomes by-product.
I felt this. Now I only trade if it hits a support or resistance level 3 times and is over bought or oversold on the rsi but before that I’d jus wake up n see oh we bearish for the day lemme get a short position 😂
So true. Everybody thinks that if they 5 years or 10 years, it’s supposed to mean something, but I’m reality, it all depends on what you do with that time.
His contents are so so good. Keep the strategy consistent, second he said "keep the risk consistent" which is so so important without which you cannot become profitable even if your trading accuracy is at 70%. I can explain more but that'll make this the longest comment in this comment box.
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
Even though what he's saying CAN happen. Maybe it's a good thing as you are finding yourself, costly to donyes BUT you eventually find your ground then build from there. I'm sure we’ve all been down that path before 😎👍
Market takes time so we need more time to understand if you are willing to be trader I think we need a time and we will get better result just don’t give up
The biggest trick I have learned is t only trade I. The direction I f the higher TF’s like weekly and monthly. Another lesson I have learned is s to enter on the deep dip and avoid breakouts at all cost.
completely disconnect from the outcome or the money, cultivate the habit of consistently showing up and doing what you're supposed to do every single day not what you want or feel. put all your effort on the process over outcome and in a years time you'll be on another level mentally.
Honestly I feel like you do a great job telling people how trading is for real 🙏 if you are a new trader it’s a long journey and this man is telling the truth 👍 this man can give you the short cut if you have right mind set 🧘♂️
I am very grateful i know these things its been 3 months *I started trading" actively i mantain my journal, plan trades, learning to manage my risk cuz its like in the video, trying to improve every day. , Also sticking to one strategy
So how did u get intentional can you please make a video addressing specifically this problem. And solutions you took … time it took you and your journey after this. I myself struggle with this alot. It would be of great help and great content as well … love what u do broda
Man i am in my first 2 years and i also do all this stuff. I said to myself that i go away from Scalping and Switch to H1-H4( i trade smc) . But if i have my level of interest found in the higher time frame, i go back to 5min and try to catch a trade too my interest level. Dont know how to stop this
that only lasted 3 months for me. after a major blown account i wanted redemption and have been spending the past 1.5 years fully devoted to trading, even not working at the moment to make sure i fully commit and even though im not making much money yet, im sure i will soon because ive been getting profitable months since month 12
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
This reality I have leaving Actually I feel the same I am 1.5 year In market but still I will not Focus I don't know why but I can Learn a lot right now I will definitely do it..✨
I'm having the same experience right now as a newbie to trading. I don't have any strategies and no intentions of trading. Although I chart my trades, I'm just unplanned, and there's no strategy that I can stick to for the rest of my trading career. I'm only a college student and use my extra allowance to fund my trading account. Any advice you can give?? How can I find strategies that best suit me?
Nowadays . its not scarcity of information. 😂 but its overloaded. Many which u dont even need 😊. 1 STATMENT. ONE STATEMENT FROM A WISE MAN. IS ENOUGH. ITS ALL BOU TIMING. HE SAID TO ME . 😊 IF U FEEL MARKET WILL GO DOWN. IT CAN GO UP TOO. DONT 😂😊 . JUST PRACTICE UR WAY
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
@@mr.variety well some basic tips that I use that works for me is only trade one ticker each ticker seems to have its own characteristics like I trade usd/jpy on forex only (if your stocks I would do spy) never zoom in too much I use weekly, daily, 4 hour for direction and reversal trades and use the minute for entry. but what really helped me is decreasing your position sizing to a point where you could almost care less if it wins or looses that puts your mind solely on the price action. you'd be surprised how much a couple 100pips moves will add up. but really it's just experience you need to find your balance and figure out what type of trader you are. sorry tried to keep it short hope that helps :)
After 1 year of trading and blowing my account few times I learned to respect the market. Now I'm not profitable yet, but at least I'm not blowing my acc anymore 🤞
Hello Umar, I am a mother of 4 living in South Africa. I started trading in May 2022 gain a lot at first but then lost everything and more…Would you mind being a coach/mentor? I need help🙏🏾
I think you should not be regretful about those years because those years made you a better trader. It was all part of the learning process.. I would say those years were part of the growing process. i would only be regretful if i knew i can improve at something and not take action.
Man it's like you're reading a book of my first two years 😂
🤧🤧100 percent
It's probably most people.
Felt the same lol. I guess every trader has a similar beginning.
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
@mr.variety Journaling. Journal everything during your trading day. What the market context was, what set ups you took. Most importantly, your emotions during the trading hours.
Don't regret that you needed that to be where you are now.
Yeah you're right to fail is not the problem is how you react to it
I feel you brother. I’m a year and a half into Trading and I’m just now getting it. I didn’t take it seriously until I blew up my account a few times.
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
Noobs lol
@@mr.varietybest advice I can think of is to listen to some trading psychology, especially during trading. U might know and understand it but as soon as ur at the chart, you don’t even consider it anymore. Same with me. So I think it might help to listen some psychology while trading. Listen to the bad side of stranding, making u understand while u trade.
Can you share how you guys moved forward, in material sense after the realization!
You can't do that until you get experience. Once you blow through a ton of money and learn how things REALLY work, THEN you get it.
You don’t need to blow money to get the experience and knowledge. Backtesting and forward testing on demo is more than enough to experience the markets and gain confidence in your system
@@suggondees4882If you really have that control over yourself and you implement that then you are special.
Bcuz inspite of all the caution and advices,
My hard head wouldn't just follow thru with it.
So much that in a paper I would write down 'things never to do' and how badly it has affected me,
And I had it pasted in a wall,
Yet once Trading started I lose control over myself.
Now after losing total capital of 3k$,
Now I really understand the gravity of my mistakes and strictly am following a system.
Because smart money is in on the game to.
Yes, sometimes mistakes and huge losses is the best teacher
Damn… currently experiencing paralysis analysis, watching the markets for hours and doing nothing
same..
but when i take a trade, i always lose... then revenge trading starts and i will lose again and again
glad i m not alone 😂
I'm trading 1 share at a time so it's not as risky but I still hopefully learn from it
We are all living same life brothers
Normal, your brain will slowly start to recognize the patterns and price flow that is familiar to you..but it could take 4 months, could take 4 years. Keep the risk light b/c there will be mistakes made as market direction shifts and changes. You want to try to avoid having the mistakes be so heavy and costly. Hope you’re analysis is getting more tuned. I guess it spends on what you are trading..but when looking at SPY, I trade the Index Dow Jones..correlates with SPY. Sometimes the NY open price moves really fast..sometimes it takes 30min maybe 2 hours for the market to find clear support after all the early liquidity..at least giving you confidence/better clarity in placing good stops and letting the rest ride.
What’s been helping me a lot recently is..literally..give the market time to wobble around, finding its “balanced” state. And if you are still having a hard time reading the chart flow..just keep reviewing the chart and pay close attention to how it eventually bounces of an area from NY open time, that’s if you are trading US Equites/SPY/Indices (from my experience). Just sit on your hands and observe how it likes to dance around at the open..things will begin connecting. I intentionally put all my focus and energy into understanding the US30 Index, Dow Jones..which is basically correlates with SPY. So watching Umar’s trades, I can now understand what he’s talking about..but it’s taken just over 4 years for me.
Prop firms are nice too, if you have a decent trade system that works for you. Just keep the risk low..so you don’t have to ever worry about hitting your daily max loss on prop firms.
I began with FTMO, but there’s many great firms out there. For example, if you’re max daily loss is $10K on a prop account. Risk like $500-1000. No need to rush..keep it light so your emotions are well balanced.
It’s your personal journey. Learn from others, take bits and pieces and do what gravitates to you more. 🙏💯
Just a tip..I experienced the same thing..watching the price action for hours on each session..even during Asian/London session when there’s almost no volume..but it helped me learn sooooo much. Nice thing about Index trading is that you can easily enter a position pre market or after hours..helps me “be in line early” before the major moves begin to happen. Sometimes the pre market / after hours moves happen aggressively too before NY open.
Quick example..during this most recent CPI data report..I was going long before the open, but I was rationalizing my decision based on technical price action. Market pumped right at 5:30am aggressively and then continued to go a higher during NY open. So it felt nice being able to be in early without the stress for making a decision during the open.
You are so right man you are so deep the knowledge that you possess. It’s unbelievable man!
That was a necessary part of your journey bro.
You have to go through that to develop your strategy
Same here, you learn along the way so don't be sorry for your time
Facts! I spent the last 4yrs on and off. Jumping from “mentor” to mentor, course to course and strategy to strategy just to find myself in a worse place and wasting 4yrs on this journey. 🤦🏻♂️
Cant be better said than this. Long term - Quality over quantity.
For me it was 4 years of chasing money (2018-2022) and not focusing on self mastery. Now its all about self preparedness before getting into the market then observe the market and play. Money becomes by-product.
so how much time have u been in the market
process over outcome, the money is a side effect. you cant know that until you experience it.
I felt this. Now I only trade if it hits a support or resistance level 3 times and is over bought or oversold on the rsi but before that I’d jus wake up n see oh we bearish for the day lemme get a short position 😂
Me too 5years Like this situation I feel you thats pain 😢 but the Least 1month I understand my mistakes now Iam Going To change the mind set
So true. Everybody thinks that if they 5 years or 10 years, it’s supposed to mean something, but I’m reality, it all depends on what you do with that time.
His contents are so so good.
Keep the strategy consistent, second he said "keep the risk consistent" which is so so important without which you cannot become profitable even if your trading accuracy is at 70%. I can explain more but that'll make this the longest comment in this comment box.
Well said. Always be intentional with your plan and never take short curve to succeed.
The qualities of diligence you put into the time.
100% right bro same is happening with me after 2 and half years still searching myself
Totally agree
I think the first years we absorb as much as we can and that’s where the anxiousness to trade comes in without having earned our stripes
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
If you go back to my early entries in my trading journal you’ll see this video relates to me 😂
Even though what he's saying CAN happen. Maybe it's a good thing as you are finding yourself, costly to donyes BUT you eventually find your ground then build from there. I'm sure we’ve all been down that path before 😎👍
Market takes time so we need more time to understand if you are willing to be trader I think we need a time and we will get better result just don’t give up
The biggest trick I have learned is t only trade I. The direction I f the higher TF’s like weekly and monthly. Another lesson I have learned is s to enter on the deep dip and avoid breakouts at all cost.
To all new trader please watch Mark Douglas video on how to think like a professional. Long video but worth it for your trading psychology
same mate, I am actually at this point after 2 years of staring at the monitor.. how did u overcome that?
i feel you bro... . im at this stage right now
@@bisskittTVme too brother, 1st year lets see where god takes us
completely disconnect from the outcome or the money, cultivate the habit of consistently showing up and doing what you're supposed to do every single day not what you want or feel. put all your effort on the process over outcome and in a years time you'll be on another level mentally.
This depict what I am facing like now, I have even blown multiple live account (small sizes over and over, now I have resulted to demo trading
Same here until I got knocked out
Honestly I feel like you do a great job telling people how trading is for real 🙏 if you are a new trader it’s a long journey and this man is telling the truth 👍 this man can give you the short cut if you have right mind set 🧘♂️
Quality dude right here. Thanks for the Gems.
I am very grateful i know these things its been 3 months *I started trading" actively i mantain my journal, plan trades, learning to manage my risk cuz its like in the video, trying to improve every day. , Also sticking to one strategy
Also took me 3 years😅so glad I won't be wasting years...i stick to the same strategy and it works🎉🎉
pivoting to influence trading seems nice
Hours do have an impact.. good observation time do make us recognize what the market is trying to do…
Thanks for advice 🇵🇭
and thats exactly where im trapped rn
As a beginner in the field, what advice can you give me because I am confused and do not know where to start and which lessons to choose?
So how did u get intentional can you please make a video addressing specifically this problem. And solutions you took … time it took you and your journey after this. I myself struggle with this alot. It would be of great help and great content as well … love what u do broda
Man i am in my first 2 years and i also do all this stuff. I said to myself that i go away from Scalping and Switch to H1-H4( i trade smc) . But if i have my level of interest found in the higher time frame, i go back to 5min and try to catch a trade too my interest level. Dont know how to stop this
What did u discover about yourself or what would u say u need to identify in yourself to develop a plan that suits you
The master has failed more times than the amateur, only because has tried more
that only lasted 3 months for me. after a major blown account i wanted redemption and have been spending the past 1.5 years fully devoted to trading, even not working at the moment to make sure i fully commit and even though im not making much money yet, im sure i will soon because ive been getting profitable months since month 12
Thank You Umar Bhai Its Speciall Point's
same here brother its ok❤
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
This reality I have leaving Actually I feel the same I am 1.5 year In market but still I will not Focus I don't know why but I can Learn a lot right now I will definitely do it..✨
This is the plain truth, but u didn't add thepart where said trader expects everything to go his way coz he thinks he deserves it
I have the same regret as him. Only diff is he broke free and i am still stuck in the matrix.
That’s we’re I am at this moment losing a lot too many strategies
I no longrr loik at the screeen i just use alerts and that really helped me
I'm having the same experience right now as a newbie to trading. I don't have any strategies and no intentions of trading. Although I chart my trades, I'm just unplanned, and there's no strategy that I can stick to for the rest of my trading career. I'm only a college student and use my extra allowance to fund my trading account.
Any advice you can give?? How can I find strategies that best suit me?
Honestly I have no regrets in my trading safari.
Well Done!!!
I did exactly the same except,
My mistakes got me kicked out of the market in 3 months.
2.5 lakh capital out.
Mine is using indicators. Indicators destroyed my trading for my first 5 years.
no doubt!! I have rules.. market open what rules. Money aint real. Up 15k down 7k. up 10k. down 20k. I killed it!!!
Everyone goes through this. Instead, if u share your setups, that would be great.
This is so true, it is just like my story
Thanks Respectively For Your Success
Been 4 years in this game and all I know is small profit is still profit.
This is me right now. Different strategies, no strategies, Win some lose more. Hours and hours starting at the monitors.
Learn a strategy and don't change it ever. Stop looking at youtube and what not.
This is the stage where I am in right now
Very true sir
If someone survives first 2 years of trading and doesn't repeat any mistake, he's gonna earn a lot...
I have made every mistake possible. But getting better.
So what charts are those? I recognize footprint. What's the other one? Is it heiken ashi??
It is the reality that 95% retailers exist
Been doing this last 12 years nothing gonna happen if you watch screen for hours.
Market has no rules , its all loss management
What camera you using for this?
Nowadays . its not scarcity of information. 😂 but its overloaded. Many which u dont even need 😊. 1 STATMENT. ONE STATEMENT FROM A WISE MAN. IS ENOUGH. ITS ALL BOU TIMING. HE SAID TO ME . 😊 IF U FEEL MARKET WILL GO DOWN. IT CAN GO UP TOO. DONT 😂😊 . JUST PRACTICE UR WAY
💯Truth
2 years in been tacking it more serious I'm on the charts every day now for the past few months This is me down to a T.
Hey right now im in the phase that he mentioned, im in my first year, can you give me tips? And my impulse is too high while trading any tips (i risk low but still)?
@@mr.variety well some basic tips that I use that works for me is only trade one ticker each ticker seems to have its own characteristics like I trade usd/jpy on forex only (if your stocks I would do spy) never zoom in too much I use weekly, daily, 4 hour for direction and reversal trades and use the minute for entry. but what really helped me is decreasing your position sizing to a point where you could almost care less if it wins or looses that puts your mind solely on the price action. you'd be surprised how much a couple 100pips moves will add up. but really it's just experience you need to find your balance and figure out what type of trader you are. sorry tried to keep it short hope that helps :)
bro its literally me rn, one year of trading, account still at breakeven but at least im not losing
Why is he tell every one about my story😂
Anyone knows what is that chart with column of values beside the candlestick chart where he is sitting looking at his phone.
Tell us the truth bro! 😂
Nebz hana chills haha khaiii 😂
Imeisha poa though ❤
I'm a beginner. I've been trading but...I kind of guess. I have no strategy really. How do I become like you?
that's me. I really need to change this
Actually I have been like that for two years straight too..and its painful 💔 😢
How much risk is recommended in one trade in %?
After 1 year of trading and blowing my account few times I learned to respect the market. Now I'm not profitable yet, but at least I'm not blowing my acc anymore 🤞
However you needed this 2 years of "nothing" to learn what your edge is. It's necessary
Its 10 years im stil go from one strategy to other ☺😄
Hello Umar, I am a mother of 4 living in South Africa. I started trading in May 2022 gain a lot at first but then lost everything and more…Would you mind being a coach/mentor? I need help🙏🏾
Awesomeness
Make video how to increase capital
Thank you
I think you should not be regretful about those years because those years made you a better trader. It was all part of the learning process.. I would say those years were part of the growing process. i would only be regretful if i knew i can improve at something and not take action.
Soooooo true!
Thanks.
So what advice you give some who starting?
Wow 👌 Bru hit soo many nails at once.
Bro czn u tell me what is trading edge I'm a beginner
You are literally talking about me right now!
How can i have a plan when i dont even understand trafing dud
I think it apply to all traders
Sooo trruueee!!! 🎉❤❤❤
I can relate😅😅
So am I now in my 2nd year 😢 horrible to cry
My story is little bit of different . Same unprepared unplanned is here also.
Is losing money all the time considered as consistent? 🤔
Bro I don’t think you should regret that