This is 100% facts. I've learned I don't need to take a trade everyday. I can wait for my planned set up and then take the trade. No need to force trades, the market will let us know when it's time to enter and get the bag!
Yesss, agreed. My rookie mistake was thinking that because it was a job, I had to do it Mon-Fri. Now i mostly analyze Monday, possibly Tuesday, then probably execute on Wed, maybe thursday, usually Friday lol I do futures, s&p500. What are your favorite days to trade? Another thing ive found most useful is to always trade the s&p500, so that ive actually learned what her market behaves like. There arent usually any surprises this way, but its still never boring.
@@jaquicx9500 I do my research on the weekends before the week starts. Looking at my charts helps me determine what which companies or ETF's will may present opportunities.
1000%. Anyone can learn technical analysis/price action/market psychology etc over time. Only the people that can stay disciplined to only take good risk reward trades, get out when they're wrong & follow other winning principles are the ones that actually consistently profit
This is so true. I'm just starting out and I can't tell you how much mental toughness it takes. The majority of the work is honestly just practicing patience.
Exactly. You become profitable by being patient and not take bad trades. If trades do T line up with your strategies and your setup then you should not take the trade even if you missed out on money. You still have tomorrow, you don’t have to trade everyday and many times everyday
only traders know this, most people don't remember to protect their mental health, people don't realise how easy it is to lose their mind in this business. one bad choice and shit can destroy your mind forever. you don't risk money trading, you risk your mental health.
Spending time in front of chart during market hours is so important, but what most of us do is trade when there is no clear setup during this period because of lack of patience and boredom. So essential to trade only when setup present and be at desk during market hours waiting for it.
You have to experience this first hand to understand if you can handle the market. I learn this the hard way but i regain everything back. One of my quote I use is “be patience now or you be wishing you were” . Don’t trade because your bored.
This is where you watch the market structure for the day and use less capital. You are NOT going to be able to execute your favorite setup every time so you have to adapt and use other ones that work in that current market structure.
Exactly I just lost 12 k us, also what happens is when your start losing your money youdon't want to close it because you want it to recover. The greed is real
I needed this. It defines the importance of having a good strategy with rules. And discipline... or you define a strategy for different kinds of days. As long as you know what youre looking for on any particular day it can be traded, but if youre not following a system thats where the emotion and poor decision making comes in. But if you have awell back tested strat that works for you and you see consistency, then it makes it less emotional and just a matter of patience waiting for the setup. I think its ok to have multiple strategies for different kinds of days, they just need to come with discipline
MashaAllah....this is probably the best video on TH-cam in regards to trading. This is exactly how I have become over the past 2 weeks bro. All the best TraderUDN
I love u and I thank TH-cam algorithm for letting me see I really needed to see this,I was on a winning streak and all of a sudden the market changed and I am trying to change with it instead of waiting for my setups
use these 3 sma. 34 simple close. 34 simple high. and 34 simple low! the candles will always always on anytime frame come back to hit one of those 3. i use the 5m to see within the 1h thats it. i got turetz and anxiety been holding me but i got blessed with special glasses from the universe so i can see things for what they are. one love
Yea Bruh,,its true and pure advices for newbie in market..don't let your emotion control the way you execute in decisions, BUY NOW OR CRY LATER.. Analyse the market 1st if there is any potential setup..
And waiting is actually the rule of every game in life. The besy sales happen when you wait for the rught prospect. Manage our mentality while we run through the unqualified many.
This is 100% facts. I've learned I don't need to take a trade everyday. I can wait for my planned set up and then take the trade. No need to force trades, the market will let us know when it's time to enter and get the bag!
Yesss, agreed. My rookie mistake was thinking that because it was a job, I had to do it Mon-Fri. Now i mostly analyze Monday, possibly Tuesday, then probably execute on Wed, maybe thursday, usually Friday lol
I do futures, s&p500. What are your favorite days to trade?
Another thing ive found most useful is to always trade the s&p500, so that ive actually learned what her market behaves like. There arent usually any surprises this way, but its still never boring.
@@jaquicx9500 I do my research on the weekends before the week starts. Looking at my charts helps me determine what which companies or ETF's will may present opportunities.
True. Best thing I ever learned and it took me over 2 years to learn it lol
@@s.s.3082 me too. Plan for the week every Sunday
Anyone who is teaching, does not know how to trade. Traders trade. Those who can’t trade teach courses and have TH-cam channels.
💯 %
Don't kill ur confidence by trading low probability setups
Underrated comment
Word
Wait I think this is what I've been doing. 🤔. I'll make 1k - 2k a week then loos it the next. I think I became arrogant
This.
I believe once you get to this point in trading you’re reaching your break through. Psychology is really the final boss when it comes down to it all
It is!
So true. I’m trying to get over this hurdle and making the smallest progress day by day
get your personal development in check and it will reflect your trading. drink water exercise etc
@@astropheel3469 did this and it helped me tremendously
1000%. Anyone can learn technical analysis/price action/market psychology etc over time. Only the people that can stay disciplined to only take good risk reward trades, get out when they're wrong & follow other winning principles are the ones that actually consistently profit
This man is an Actual Trader speaking from experience 👊
Key word is his experience. There are plenty of highly profitable traders that trade every day.
@@teaasiaathat depends on the trading plan.
The reason I am watching you daily is the amount of motivation you give, that's priceless.
Umar actually trades the market unlike other fake gurus. That's why he is so spot on
Good trading days: Not manipulated.
Bad trading days: Manipulated.
Exactly. There's a huge mentality aspect to this business. 9 times out of 10, it's you who gets in your own way.
So true , I’ll overcome this urge
This is so true. I'm just starting out and I can't tell you how much mental toughness it takes. The majority of the work is honestly just practicing patience.
THIS part right here! Not enough people talk about mental capital preservation!
Exactly. You become profitable by being patient and not take bad trades. If trades do T line up with your strategies and your setup then you should not take the trade even if you missed out on money. You still have tomorrow, you don’t have to trade everyday and many times everyday
Yoo, do you have discord or something like that? So that you could teach me some things.
only traders know this, most people don't remember to protect their mental health, people don't realise how easy it is to lose their mind in this business. one bad choice and shit can destroy your mind forever.
you don't risk money trading, you risk your mental health.
Develop "Sit out power" ...from a Mark Minervini book Trade like. Champion.
best book ever
yes one of the best things a trader can do is know when not to trade
This is so impressive, and inspirational.
I started watching u recently
But this short gave u a subscriber
You've got the experience man. I relate so well to this
Protecting your capital is #1 always
Discipline and Pa"Y"tience pays off.
Spending time in front of chart during market hours is so important, but what most of us do is trade when there is no clear setup during this period because of lack of patience and boredom.
So essential to trade only when setup present and be at desk during market hours waiting for it.
You have to experience this first hand to understand if you can handle the market. I learn this the hard way but i regain everything back. One of my quote I use is “be patience now or you be wishing you were” . Don’t trade because your bored.
Following you has helped me a lot in psychology. Thank you
I am loving your shorts which help me to realise my mistakes i have been doing during these learning days❤
This is what I need to hear!!
I just keep watching this it’s so true thanks for your wisdom
This is where you watch the market structure for the day and use less capital. You are NOT going to be able to execute your favorite setup every time so you have to adapt and use other ones that work in that current market structure.
Shhhesshhh understanding this type of psychology of trading is the difference between an expensive hobby and a skill that gives you freedom
This is so powerful and I need this.
Exactly I just lost 12 k us, also what happens is when your start losing your money youdon't want to close it because you want it to recover. The greed is real
I like the way he works .I feel like my work principals are the same
Requires patience
Retail lacks patience. Institution thrives in patience
Every day hits different on these markets, it's better you watch out, patience is key
I needed this. It defines the importance of having a good strategy with rules. And discipline... or you define a strategy for different kinds of days. As long as you know what youre looking for on any particular day it can be traded, but if youre not following a system thats where the emotion and poor decision making comes in. But if you have awell back tested strat that works for you and you see consistency, then it makes it less emotional and just a matter of patience waiting for the setup. I think its ok to have multiple strategies for different kinds of days, they just need to come with discipline
Greeeeeeaaaaatest of all your speech
This is the trading content that really matters
This is a good concept for life in general.
Absolutely right concept. Thanks
One of my great mentors ❤
This is exactly the stage that I’m in right now! I have to know when to sit down and wait for a proper set up!
probably one of the best trading shorts around
MashaAllah....this is probably the best video on TH-cam in regards to trading.
This is exactly how I have become over the past 2 weeks bro. All the best TraderUDN
I love u and I thank TH-cam algorithm for letting me see I really needed to see this,I was on a winning streak and all of a sudden the market changed and I am trying to change with it instead of waiting for my setups
Absolutely correct! I’ve had 2 good days and lost 1 day and it destroyed my confidence
Thank you for being real and not trying to be an entertainer.. im like a white belt training with a higher belt who lets me know what to expect.
On point with this one. 👏🏼👏🏼
use these 3 sma. 34 simple close. 34 simple high. and 34 simple low! the candles will always always on anytime frame come back to hit one of those 3. i use the 5m to see within the 1h thats it. i got turetz and anxiety been holding me but i got blessed with special glasses from the universe so i can see things for what they are. one love
You are a Genuine person and Good Trader ...
All your words are 100% facts
Took me a year to learn this
I went through these exact scenarios dude ain’t lying on shit.
What a great advice
Which platform of calendar is that?
This is such good advice!!
This is so important for me thank you!
Yoo. 100%. U just gained a subscriber.
This is most important trading advice
Jesus this is sooooo true ❤ spot on bro
this is a 100% realtalk...psychology is playing a big part in trading...if you can manage ur emotion well in trading it will giv you a lot of gains..
Pafect advice
im glad i hedge instead of having to worry about big losses
Yea Bruh,,its true and pure advices for newbie in market..don't let your emotion control the way you execute in decisions, BUY NOW OR CRY LATER.. Analyse the market 1st if there is any potential setup..
And waiting is actually the rule of every game in life. The besy sales happen when you wait for the rught prospect. Manage our mentality while we run through the unqualified many.
That’s genuinely what just happened to me this week smh
This information is precious ✊🏿💯
Man, thank you. It's a helpful insight
Very true... Had to experience that myself before realising it!
Keep up the great work Umar 🙏👍🏼
The philosophical trader
So true ❤
This is absolutely gold!
Love all these videos
This speaks the truth and nothing but the truth. You’ve had a lot of bad days to get to where you are now. Enjoy it
Mental game 🎉
This is a great video
Spot on ❤❤
What Callander is this or journal ? Also can you do a video about making a journal please
Facts
This happened to me last week. Monday, I flopped, and I shouldn't have traded. Tuesday, applying my method it would have been a huge win.
"patience, i didnt make a dollar but im cool" Thats easy to say if you already sit on a load of money
Fully agree with you
I am just rounding the bend with this. I run through my trades and recognize when I was patient. Green isn't Green. It's Red.
There is no bad trading day, you just made a bad trade lol
Best advice
Thank you!
What type of calendar is this? App name ?
Totally relatable
That’s the hard thing wait as there is no trade. You want to trade everyday as a newbie but it is the mistake
Big facts
I wish I could like this 2million times
How to make calendars like that?
What calendar do you use to monitor your wins and losses as seen in the video
He looks so relaxed! In no way he's a professional trader 😂🤣 but fools will believe him anyway...I like to watch these "gurus" for entertainment 😂🍟
Most important. Don't lose money.
Good advice
Absolutely true
omggggggggg thats so true. happens all the time to me
Wow, exactly what happened with my trading. But I had learned the lesson by myself. This vid just confirmed my setup now.
So crazy the chart shown looks JUST like SPY’s 10 mins from 4/3/23 to 3/5/23
True talk there❤❤
Legend