EXPOSED: Umar Ashraf Review. SCAM?

@UmarAshraf28 review. Is Umar Ashraf a scam?

Or is Umar Ashraf Trading legitimate?

In my opinion, Umar Ashraf is a fraud and scam artist.
@UmarAshraf28

#umarashraf

[BestStockStrategy]

*Thoughts regarding Umar Ashraf? Another fake guru or am I wrong?*

[johnny]

Seems like you have a personal vendetta against Umar. Did he steal your girl? What evidence do you even have that he is a sociopath??? That was kinda out of the blue. Just disrespectful lol

[gousnavy]

How do you know you dealing with a scammer? Answer: One instant after they display a price chart.

[coteratrades]

100% chance on losing money? The fuck? I’m literally 18 and have made multiple 5 figures it took me a long time but I’m finally getting the hang of it. This guy is someone who just sucked at day trading and didn’t have the will power to keep going even though you lost. Umar Ashraf actually took time to help me and now I’ve made back my 3k I spent on learning.

[hamza]

anyone who’s richer than this guy is a scam lool

[williampuentes]

I have no complains about Umar. Even though I have not paid for any of his courses, I have been following him on how he trades Options, and so far I have learned a lot in a way that it has been profitable for me.

[Quantum-]

Thanx for pointing this out!. imho Umar Ashraf is a scam artist: here are my reasons for asserting this: 1. I have yet to meet a consistently profitable trader anywhere on planet earth who has time to post YouTube videos about his trading results! 2. It’s not that successful traders are greedy, conceited (some are!) or don’t want to share - it’s just that after they are done for the week or month they are exhausted and don’t want to spend even one second outside the trading desk talking about anything to do with trading! You’d be surprised as to how vital the weekly sat and sun are to recharge and unwind! 3. From the 2 or 3 videos I have seen of Umar, I think it’s just a demo/dummy account, not real money. 4. Umar’s videos are surprisingly about classic text book cases of lessons/tips from a good book on trading psychology! His skill is not that of a trader but rather he is able to articulate those text book lessons/scenarios while making YouTube videos that have trading charts on them and Thorpe in technical analysis terms to make the whole experience as if it’s a real live trading scenario he faced and lost money because he ‘over traded’ or got ‘greedy’ or tinkered with his stop losses! 5. Finally, I think all time and energy he spends on posting YouTube videos and articulating things is seen by him as a marketing cost/effort since he is simply trying to impress people and sign them up for his trading courses for $2, 500 a pop or whatever. 6. Trust me: a real trader making real money consistently will NOT want to make YouTube videos or put efforts to compile trading courses! I have met some: they are busy getting away from charts, markets and pursuing much needed family time, or a hobby like sailing, etc.
while I can’t be 100% sure Umar is lying with those uploads of “how I made $200K today’ or ‘how I lost $500k today”, there are dead giveaways - even in that video where he says he lost $500k in one day on put options etc he always promptly says, I am still up overall for the year so that’s ok but it still sucks to lose $500k’ ! Even if you have ice blood flowing in your veins, there is no way you talk like that about a 500k loss!. So that’s why I am forced to conclude this guy is a scam. If I was 26 and making millions a year trading, I would be scaling up my trades, nationals, leveraging to get more out of it instead of deciding to ‘teach’ people how to trade! Sorry, hard facts compel me to say you are absolutely right!

[louisemcleod]

Notice how Umar refuses to send David his full trading statement.

[AlexTuck]

Definitely a scam, barely has a trading plan and the one he “teaches” makes no sense.

[saurabh]

Literally this guy is so so free.... That he is replying every single commnet🤣🤣

BTW I am also expecting a reply

This is all so very wrong. 90% of trader fail. That means there's a 10% chance you can make hundreds/thousands a day. Just because you couldn't figure it out doesn't mean you should call the ones who did figure it out a scam.

[huurair]

My RR is 1:3. So when i win just 2 days out of 5 and lose remaining 3 days. I m still in profits.

My Accuracy win me around 3 days a Week. So day trading is not that bad.

[Boldgamertv]

I make money on day trading its call short trading instead of holding a stocks for months you just invest a certain amount for the day and when the stock goes in your favor you just take your profit for that day, that's why it's called day trading because you do short trades for that day, I WILL NEVER TRUST anything a scientist says, don't be so negative and Don't ask me to show you my statement don't b so negative and try to discourage people from the opportunity of making money, as long as people do their proper research and control their emotions, risk management's and fom they can be profitable.

[wolfgangrosner]

I subscribed to Tim Sykes a few days ago. Of course I only follow his alerts with a paper money account and that is what everybody should do initially when following anyone's advice. All you may lose then is just the cost of the course and your time.

Regarding statistical odds:

David, do you have any statistics as to success rate and extend of your subscribers?

[vicerock]

4:27 WTF are you talking about??? I literally know people who have personally grown small accounts and trade full time after quitting their jobs. 90% of day traders DO lose money but that’s because most traders lack education and the discipline needed to succeed. This video actually sounds more novice, coming from you, than a new trader who actually wants to study and believes they can turn a few thousand into a few hundred thousand. Are there pump chatrooms? Yes. Do they buy low floats and sell into their subscribers? Yes. But not ALL are like that. You basically generalized a whole system based on BS facts when there are literally people out there who have changed their lives day trading stocks.

[rickyjoseph]

Hey David - Do you have any studies that show the scientific research behind returns for people who sell option premium? I personally feel like it'd tell a very similar narrative.. "Out of 500, 000 people who do it, only 500 make money and it's lower than holding the SPY." It's really easy to lose money in any style of trading and the numbers will overwhelmingly scream that because people are addicted to the concept of getting rich fast so they'll jump into the tactics like stocks that have zero barrier of entry. I think you're successful because you found a strategy that works well for you, but that doesn't mean that many or even a statistically significant portion of people make money doing the same thing. I'm not a day trader, but I'm just saying it may be worth considering the other side of the spectrum. Perhaps, just PERHAPS, maybe some of these gurus actually found their niche as well?

Not trying to say you're wrong or anything, but I just feel like any generalist who enters the stock market without a statistically validated strategy will lose money regardless of which method they pursue.

[munibkhan]

this guy failed at day trading and is mad that he can't be profitable. I been day trading and spent money on courses and have been very profitable with my experience

[bilalrashid]

The realist guy you'll ever see in this space is Umar. Day trading niche is filled with scammers so I understand that there are always people who have doubt but also saying 100% of day traders lose money is just bs, c'mon man, first of all I know people like you using somebody else's name to get views and stuff but in order to diss somebody you can't be making assumptions like he's a scam before even trying anything he teaches. Also it's not way, it's the hardest thing you'll ever do so that's why a lot of people fail, that statistics you talk about if usually beginners who don't know nothing and end up blowing their account and now they're discouraged, had they have proper education they could have been successful. There's literally day traders on wall street, these guys are doing the same thing to just say "studies say 100% day traders lose money is very short sighted"

[stevesmith]

If it was so easy as these 'gurus' show it to be, everyone would do it. Good job, David! 👍

[johnleon]

The majority of people lose attempting day trading. The small % of good day traders know what they're doing. Find your trading style, study hard, and follow yr dream. Just don't lose yr shirt. But don't let Mr. Jaffe scare you into buying his program on options spreads.