I ONLY Focus on These 2 Things In Trading (2024)

#trading #stockmarket #daytrading
I use TradeZella to track and journal my trades.

I only focus on Price Action and Volume as a day trader in 2023.

Part 2: @UmarAshraf28

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Chapters:
0:00 Intro
1:42 Understanding Volume
4:42 Understanding Price Action
6:29 Using Indicators properly
7:54 Conclusion

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 #priceaction

[CameronFussner]

Biggest lesson i learnt this year in the trading market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

[UmarAshraf]

Like this video for a in-depth part 2 :) -- This was just an introduction!

[austinbar]

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.

[Riggsnic_co]

Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.

[ravanbashirov]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Alice Brown

[RaymondKeen.]

I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

[anniezeng]

Stock picking is an effort in futility, particularly at an uncertain time such as this. My portfolio is still significant, about $320k, but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market?

[geraldt]

I’ve had majority of my holdings in tech stocks and I've had 25% increase in my portfolio, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?

[brandonrobles]

I started my trading journey late 2021. I started off with 10+ indicators and it was just clutter. Over time I found myself slowly removing indicators 1 by 1. Right now, aside from volume, I have stochastic to help give confirmation with price action. Simpler the better!!

[PokePOPJPX]

I feel like I use too many indicators but they're also very helpful. I totally agree I should focus on price action and volume more. Thanks for all the info!

[HH_Linkmusic]

After listening to many complicated technical analysis tips, I'm so glad that you bring us back to something basic.

[freddydelfin]

Can’t wait for part 2. I appreciate all of your content.

[naomigonzales]

i am experiencing one of the most challenging phases of my life... Lost a fortune lnvesting in emerging companies... Hopeful, for a turnaround. How long until a full recovery? and How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point

[chrisconti]

Thank you Umar, for being so sharp and clear in all of your messages.

[hamadazam]

clarity at the highest level . Thank you Umar

[justinhudson]

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..

[lukemitchell]

Nicely broken down. Thanks, will look for more of your vids now I've found ya. 👍🏼

[renemuller]

Great teacher! Explaining so clearly and absolutely on point 👍

[jbxgznp]

Thank you Umar. We appreciate all you do. Wishing you the best

[briankelly]

I like to use 2 or 3 indicators on my charts. Heiken Ashi candles to visualize trends. A VWAP (volume weighted average price) indicator: look for sells when price is below vwap and/or vwap line is pointed down, the reverse for buys. And less importantly, an indicator to catch divergences. RSi or MFI etc will work for divergences. Howwever, I do agree that price action is the most important thing to watch. Just observing the fluctuations in an individual Heiken Ashi candle can give you a real-time clue about short-term price movements, especially if those flucuations are in keeping with the current market trend.