9 Biggest Lies About Day Trading...

#daytrading #entrepreneur #trading
I breakdown 9 myths about Day Trading.

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I use TradeZella to track and journal my trades.

Chapters:
0:00 Intro
0:11 Myth 1 Trading Everyday
0:46 Myth 2 Need A lot of Money to start trading
1:34 Myth 3 Holy grail strategy
2:35 Myth 4 You need indicators
3:39 Myth 5 More Screens
4:38 Myth 6 Need a College Degree
5:14 Myth 7 Need More Money to make money
6:24 Myth 8 Trading is easy
7:53 Myth 9 What goes down will go up

DISCLAIMER I am not a financial advisor and anything that I say on this YouTube 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

[UmarAshraf]

What are the craziest myths you've heard about trading? Comment down below!

[mazproductions]

Don’t trade to get rich. Trade to by yourself time and freedom. Fall in love with the independence of working from anywhere on your schedule and for yourself. Master your craft and let the money come to you. Find the beauty in it

[johndomnik-zg]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[Kimdavid]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio..!

[haideramz]

Umer you're a gem when it comes to busting trading myths

[crazymadelyn]

One true thing I’ve heard ..patience pays!!!🎉

[johndomnik-zg]

Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13, 000 every single week...

[beverlyfong]

From the day I ever heard or saw anything online about trading, 5 years ago, you were the first successful young trader I ever saw and aspired to be like . Now forward to 5 years and still seeing you do your thing just tells me how much more of a work we got to put in regardless of being consistent now for a year . Thanks for being such a great motivation . Much love from Africa Cameroon .

[jaywedo]

Trading is difficult. It’s a mental game more than it is your skillset. Once you crack day trading, it then becomes easy. But your emotions still fall into play. Once you have control of your emotions and STICK TO YOUR PLAN, only then you will get the results. But some losses always come.

[snipezzzgh]

I’ve been trading for nearly 3 years. Still non profitable . I thought I was when I made a big trade recently but then blew my account. I trust that you’ll help me in my journey now that I’ve subscribed to your account. Keep it up my brother !!

[Dara-]

Yes you are correct if you have lot of money put on a trade your returns will be bigger as compared to one that has 1000 dollars put to trade in absolute terms. But at the same time you should be aware that your losses will also be bigger if your trade goes against you. Hence first as each individual, know how much money if you loose on a trade is comfortable with you and then position your quantity size accordingly.

[StargateMax]

About 8: Trading is simple, but not easy. And, as you said, what makes trading super hard is our own emotions and mindset. The more fkd our mindset is, the harder trading is.

[Jessicatorres_]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[brittanynicolette]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[khalidhakimi]

use indicators with price action and not price action with indicators, so your interest of buying and selling should come from price action and then use an indicator as an extra confirmation and take a calculative position

[sharmilasapkota-nh]

Hi Umar, thank you for the amazing content always. I am new to this field, and the information from all your videos is helping, alerting, and motivating me. I hope I would be a good trader one day :). Thank you.

[nikonunez]

I follow you for over. 3-5 years and your video quality had improved a lot👀

[Cool]

You nailed it buddy that's why I follow your channel keep it up

[WheelO.G.]

Focusing on R multiple has significantly improved my trading. Looking at wins and lossess from a standpoint of how much I lost versus How much I was anticipating to gain is truly amazing. For example if I made $100 on a trade but I was risking $50 is a profitable system. New traders dont build or focus on risk management systems and look for holy grail technical systems. I highly suggest any new trader reading this to build a risk management system in congruent with your technical system.

[dmctechgamerz]

i've watched lots of different videos ever since I wanted to start trading. But you're videos bro are the best. I think I will watch all your 246 videos as an inspiration.