Breaking Down How I Made $112,000 Profit From Day Trading (2024)
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- #daytrading #stockmarket #success
Here's my trading breakdown for 2023. I was able to turn my $100K account to $212K!
If you enjoyed this video please drop a like and subscribe for more! :)
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Chapters:
0:00 Intro
0:41 Account Breakdown
2:59 Trade Breakdown
7:50 Strategy Breakdown
16:58 Playbook Breakdown
18:28 Next Plan
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.
#daytrader #daytrading #trader
How has your trading been for 2023? Comment and let me know how I can help! Ill try to make videos with whatever issues you guys are having!
Tradings been well, not the best but im improving day by day trying to perfect my edge and emotions.
I think the biggest problem i have right now is entry, sometimes my first entry is always so bad where i have to cut and then within the next 2-5 mins ill find another entry thats 2x better. But im working on that.
Thanks for the vid Umar! always looking forward to tuning in with you.
@@JackDaws0n Appreciate you Jack! Entries typically depend on your strategy and what type of trader you are. Unless you're a "Scalper" I would say to go to a level up higher time frames. 1M time frames aren't always the best for most people if that is what you're trading on
@@UmarAshraf28 WHEN IS STOCK MARKET LAB BACK ?
@@UmarAshraf28 Thanks for the feedback, i am a momentum volume scalper and typically done within the first 45m of market open, i only use the 1min to trade and sometimes (rarely) look at the 5min for confluence. I think the entry also ties into how much confidence do i have in the setup, so im def working on that.
@@UmarAshraf28 If you have an interest to post a recap live session trade that would be cool to see exactly your entry and exit with reactions would be very beneficiary! But grateful for all the value you provide nonetheless.
this is gold. so real. thank you
Been watching since early 2020, and your content has helped me so much, bro. Appreciate all you do, Umar!
I just started watching all of these videos and was wondering where an update was! Thank you for posting man.
Missed your posts. Great to have you back again. Wishing you the best for the rest of 23. Be well and trade well.
Love your transparency!! So rare in this industry
Legend, thanks for the update Umar, I've been waiting for this and congrats on turning red to green with your 100K account.
This information is so valuable and im greatfull I stumbled across your vidoes🤝🏼
Great video Umar. You have an amazing grasp on patience. Less trades, better setups, stick to your risk and man can you size up!
Great video Umar! Nice to see your transparency! I've learned so much from you. Thank you! I wish you all success my friend!
Appreciate you for giving us insight into your trading strategies and mentality
Love it super helpful! Looking forward to your trade reviews
this was very helpful, thanks for breaking down your trades and playbook.
Amazing content! Super inspiring to see you bounce back from the initial drawdown.
that's fucking solid, inspiring and motivating mate ! The dashboard is super dope btw, keep going !
so awesome, wait for your next video!!
Umar the goat. Thanks for the transparency and motivation
Incredible results brother! Really gives the right frame of mind to go about our trading and development 💪🏾
Umar this is very helpful thanks for being a really good teacher!
Great analysis 👍
Valuable demonstation and insights thanks
Many say risk management and limiting losses is one of the keys to success. Would love to see more videos on this and the psychology behind hoping and holding/stop losses,etc. After 9 months is my main issue.
Great video Umar. Thank you bror.
Umar, you have been a big help to me over the past year. I would like to know more about your playbook strategies and more detail on each of them. Also a video on where you place stops and why. Thanks!
Love the content...please keep posting :)
Very nice video which shows realistic trading with very detailed record keeping. Thanks for sharing!
Umar I have been loving Trade Zella! Thank you for making this powerful powerful tool for us
fuck yeah, I have missed these videos! glad to see you making them again
very learnable and great video
Great video, love it! I went thru almost all of the video's you have on tradezella in the university. It would be great to share more of your playbooks and keep walking thru the trades. SUPER INSIGHTFUL! Thanks brodie
Super insightful Umar! Shukriya bhai
Showing the playbook really helps install discipline and patience. As a novice trader I find this very useful
Thank you for walking us through your setups and trades Umar! Super helpful video that has helped me with my trading, journaling, and setups!
I love that you started trading futures !!! Please bring some content for futures since the community is growing everyday more and more !😊
Thanks Omar, you help me understand losses are fine 😍
Thanks Umar ❤❤❤❤
Thank you and appreciating for giving a valuable content
ONE AN ONLY= Sir Umar Ashraf 💜💜💜
awesome video as always bro...thanks for sharinjg
This video really helped. Honestly.
Great discipline..set the rules but most importantly..."follow them"!!!!!
Thank you Umar.
thanks for the insight
Thank you for walking us through all aspects of your trading so far. It is like a 3-dimensional look at your experience, not just technical analysis or metrics and not just psychology, but all elements intermingled. I subscribed to Tradezella because I needed to be more disciplined with tracking my trades, learning to improve. I paid a very high tuition to the Stock Market, and I'm determined to make it work for me. While your actual dollar profits are impressive, I am following you because of your emphasis on process. I appreciate your contributions to our trading community!
really helpful content Umar, thank you for sharing
Thank you! Glad you found value :) any other topics or things you'd like for me to cover?
@@UmarAshraf28 I’m starting a 10k account next week, and I’m really afraid of blowing it. My main question is do you ever trade spy 0dte and if you do, what percentage of your account do you usually put in.
Thank you for replying, you are greatly admired from The Arab traders 🙏🏽
@@nacimelrhoul5429 with my experience with 0dte options I would recommend trading 2 days out, because if they trade goes against you, IT REALLY GOES AGAINST YOU
Thank you for the helpful video
My man, always transparent while showing everyone how to make money for free.
Thanks for the video. Huge fan! So many days I have regretted missing the SML invitation :(
Excellent video Umar, thank for sharing your expierence with us!
Can you make a video explaining how to choose the right or best option contracts in tdameritrade, it will help so much people, thank you!
Great video and eye opener keep it up brother please do video on pro-fund firm.
Really , its amazing and super outcome learning video.
Nice & CLEAN!
Great video 📹
Thank you! Hope you found value in the video!
Great video
i would love for you to make a video sharing what ur playbooks are and explaining them in detail
good work bro
umar the trading goat
Amazing!
Love you bro
Definitely gonna incorporate that gap hold rip strategy
thank you the best
can you make a video on how did you find those key levels and what is your procedure of finding support and resistance zones.?
I know this is video is 7 months old, but respect for having complete transparency. I just wanted to reiterate that patience if so important in trading and you DON'T have to trade everyday to make money trading. And in most cases you'll likely make more money trading less by only taking very high quality setups throughout the year. I've been on my trading journey on and off since 2015 and finally starting to find more consistency over the last few years. It's all about patience and risk management. If you have patience, risk management, and the willingness to learn from mistakes and grow as a trader, then there's a great chance you can be a successful trader over time.
Good work man. It's awesome seeing you put your progress out here like this. I would love to see the updates throughout the year on this account no matter what happens. Transparency is so hard to find when it comes to people who post about trading on TH-cam, so to see you walk us all through this is refreshing, and it makes me glad I've been subscribed to TradeZella for as long as I have been. Keep up the good work, brother.
Appreciate you!! Will do! Plan to make monthly or quarterly videos on this account with progress updates! Thanks for the support :)
I know man. Just found the channel and I was like how come I did not know there were some actual honest and real traders with the data to prove on the internet
Hey, Umar thank you so much for your videos.
how long do you hold on to your position for on your trading days.
are you strictly a day trader or do you swing trade as well
Great content as usual Bro, could you make a Video about execution it's my biggest problem i make a lot of winning setups but don't act on them because of uncertainty thanks!
Thank you Umar for sharing your knowledge you are great trader. How many contracts you are trading when you enter a trade and are all this options 0DTE? Thanks again excellent stuff.
Explain Volume Delta Imbalance strat..and maybe can you do a video explaining the strat in your playbook ??
same problem here i have when i start a new account always start with draw down after that starting coming back
💚 you boss
Appreciate you! Hope you found value in the video
superb video. thanks for sharing. what time frame do you trade?
Nice!
Can you make some videos and explain each of your playbooks? I am especially interested in Volume Delta Imbalance
Hi Umar- thank you very much for your analysis. Problem I am having on options is expiration...when do your options typically expire? Also, this is a small account I am trying to grow, hedging has not worked so I am going in to trade $1.20 to $1.80 spy option with good volume ( 100 -500 daily vol. avg. & open interest 5-10K) so what expiration should I look for? I typically go 4 months out....Thanks for your help on this. Will also be looking for better setups. Tried to contact you but did not get through.....
This was very insightful, thanks for sharing for free. Does your app work with Forex pairs?
The reason I love this so much is because it helps people get out of the I need a 90% win rate and all these indicators mind set because as long as you do the 2:1 risk reward you can lose 2 trades but by winning one you are already breakevent
My win rate only 40%.
But i only take the trade that worth the reward 1:2 and above. I dont take 1:1 trade.
And still trying to Improve my win rate
does Tradezella works with tastywork only by importing each trades? or can the account be linked and synchronize automatically? thanks, great video!
Please make a video on Winning Mindset Trading Psychology
Beautiful, I want to learn from you Umar. Where can I learn more about your playbook and scalping strategies?
Boss which is good time frame ? You use which frame 🎉?
This is practical
nice... btw, what broker are you using?
Can you make a video on all of your strategies/ all of your playbooks.
can you go into your morning routine? like if you check the market or different sectors, HOW do you check different sectors etc?
If all the social media traders had such a level of transparency this industry would be 100% much better!
Hi Umar
Thanks for that, a really educational video packed with value.
I am a newbie trader, learning 5 months now, not gone live yet.
My first aim is, as much as possible, to avoid the beginners' mistakes that so many professional traders talk about spending their first two years doing.
I would appreciate a video walking us through all the different apps and platforms you use in a 'day in the life'?
Also, could you please do one on the relation between TradingView and MT4/5. Why do traders use MT5? It seems to clunky compared to TradingView?
Thanks and cheers
+1
tradingview is just used for charting
i think for me you need to go live... just start small.. probably 100usd or less.. just to see how your emotions affect your trading...
it's a huge factor.. im 2years already but i havent recovered from all the money ive lost.. lost everything because of my emotions making me go All-in in trades because of losing streak. then boom money is gone...
Your trading skill is amazing. I have a question about the time frame you use . Do you just look at 1m or do you believe in multi time frame analysis? I mean even if 1m gives you an opportunity but it's against 5m direction do you gonna enter it? it ?
Can you make a video on your playbook strategies? Or when is it going to be shared in Tradezella?
Do your playbooks come with the journal?
do you rather let a trade play with out profit limit or do you use profit limit to take the profit you think is good for you?
Strategy Breakdown: How do i know when the Gap happens in which direction the trend will follow....?
I like your dashboard, are you created by Notion?
Umar, Tradezella looks amazing! Thank you for creating this tool. I am going to try it out after this video
How do you feel about funded accounts?
Thank you for the video!
Could you explain how you managed to make 16k in SPY when you entered with 56.3k at 401.5 and exit at 402.2, which is less than 0.2% difference? 16k is 26% of 56, not 0.2%.
Mad respect for Umar who I discovered about a year ago. I occasionally watch his content. After having a giant year trading in 2021, Omar’s profitability went down about 85% in 2022. And now in 2023 halfway through the year, he is on pace to make less than 30% of what he made the year before. Trending two years in a row significant downturn in profitability. I don’t see that as a criticism, but something is amiss.
But if you look at his trading days he is barely trading. I imagine in previous years he was in the market nearly everyday while it seems like he has already made enough money that he can take many days off.
@@cashcaleb1873 yet in Q1 of 2023 I did see one podcast where he was struggling and commented that at the time of his trading system did not seem to be working. Maybe that’s why there’s significantly less trades. Less confidence in his trading strategy.
Tim Grittani went through the same thing after making millions of dollars then for a few years he didn’t make any money compared to the past until he reformulated his strategy.
Question, why doesn’t the 2% rule apply here? Seems like you put almost half your money into the gap up trade
I'm similar with the amount of trades but that's because i'm being extremely selective and only taking what i deem to be the best setups.
Bro howz Ameritrade broker ?
Are they good in futures market , execution, payout etc..
Pls reply
what is your typical size compared to your total equity for every trade?
Great values from your playbook. I always find it hard to journal my trades but after seeing you explaining the each part of the platform, I am interested subscribe into tradzella. And most importantly, I like to see more of the break down of your trades. Thank you Umar