6 Reasons Why Most Stock Traders Fail

[@RangesRider]

7th reason: Most of the traders are looking for Holy Grail and end up wasting all their money buying indicators, classes, and systems. They are not persistent in any single trading system. Their urge to find a new system never ends. They practice a system for a couple of weeks and then leave it behind and start to search for another one. There's a quote from Bruce Lee "I fear not the man who has practiced 10,000 kicks once, but I am fear the man who has practiced one kick 10,000 times"

[@j.pierre2548]

Very well put 👏 👌

[@Hi-uv6nd]

Rightly said..I am still doing this stupidity again and agaim

[@wyattthacker3679]

I screenshotted this comment and made it my wallpaper. I HAVE to beat my urge to find efficiency and endure the tedium and hard work.

[@ErenYoichi-on8eg]

U nailed it bro 👌

[@wisebo8226]

I’m a victim of all these points. Patience is the key

[@MSotelo503]

Patience lost me money this week sometimes we have to have lock and profit.

[@KeithMarvK]

MSotelo503 but we gotta have patience with our strategy, and not focusing on patience with the activity of a particular stock, right?

[@harshitjotwani7604]

you must read "the new trading for living" book.

[@SR-xq5yt]

MSotelo503 it’s patience that lost you money it’s greediness

[@SR-xq5yt]

Not *

[@arpitmaheshwari7873]

Really very very Helpful video. Thanks for making. Summary of Six Trading Mistake 1. Lack of Knowledge; 2. No Idea or implement Risk Management; 2 % of capital 3. No Trading Plan; (Entry point, Exist Point, Slop Loss); it should be in Writing 4. Emotion and Psychological Factor; 5. Focusing on making FIXED money Goal; 6. Wanting instance Results that is lack of patience;

[@thaleshb9380]

Arpit Maheshwari hi email me 👉 [e-mail]

[@thaleshb9380]

Instagram @keronbharrat

[@Humon66]

Just saying thank you to your summary!

[@mekalacherubhanuprakash775]

Tq

[@ShahAsad23]

Hey man, can you do a video of one of your trades and kinda walk us through step by step? That would be awesome if you could.

[@memoasylm3210]

could he do a live stream where he is trading ? bro what you thinking

[@TsarOfRuss]

No! go back to studying.. U will know this, or google paper trading and start from there

[@duvierhernandez4438]

he is a fake

[@amitdahal9053]

Summary: 1). Lack of knowledge: Oh if i use this indicator then i make money and blindly investing without knowing much about the whole picture. 2). Risk Management: When stock goes down not selling it at a loss. No one should lose > 2% 3). No trading plan: Not knowing when to buy or sell 4). Emotions: Rather then being objective to your trading plan, you let emotions trade for you. 5). Having money goals set and forcing trade just to hit the goal 6). Want to make money ASAP. *Any correction is much appreciated

[@cobusgillis5872]

Mistake 1: No trading plan. Trading based off of how you feel or what it seems like the market will do. Mistake 2: No risk management. Increasing your risk just because a setup looks good. Mistake 3: Lofty expectations. Having a get rich quick mentality. Thank you Reid Hoffman for exposing these common mistakes we make in BO/FX trading. Keep making pips!

[@catharinaabigael9701]

@ H o f f _ B i n a r y S t r a t e g i e s }*for more insights.....Cheers.

[@adelheydgreetje8836]

The rich sees an economic crisis as a garage sale also the rich stays rich by investing and diversifying their portfolio with stocks, crypto currency and forex trading which is the wisest thing every individual needs to do and it's really profiting

[@gibssongareth7064]

Yeah you're right one needs diversify to have different streams of income

[@nancyraymond8662]

I was in your shoes before I got recommended to Mr. Reid who is my professional broker and guider in terms of Forex and crypto currency trading

[@yeraysemedo778]

It's not really out of ignorance but you know there are unprofessional brokers in the business

[@max101ramirez]

Patience and psychology are so important ... learned that the hard way

[@3107karan]

From my experience people lose money becoz of emotions

[@my3m]

Spot on Umar. In my opinion, risk management is perhaps the number one reason for wiping most of the traders out. Not knowing risk management is not knowing your trading plan entry/exit points and trading based on emotions in your head.

[@justinherbst6347]

Umar, saw a video of yours a few days ago, didn't watch it then. Now just recently did after risk management got me. Im a 22 yo pre-med college student that had my portfolio diversified and was in on high volatility bio techs. Ive been trading since summer and turned my 5k into over 13 in just 4 months. Just lost it all on this Gern crap. Diversity. small % losses, stop losses and hedging positions with puts and calls as insurance from now on. Will take a long time to recover from this but was very confident and on the up and thinking of doing this long term/as a profession until these last couple days... Any advice or input for a guy? I appreciate it brother.

[@SubhavTyagi123]

Glad to be one of your few initial subscriber......... U r great keep going buddy. There is lot more for me to learn. ☺️😊

[@mafiawarlord3434]

Just watching your 10th video. Man, your videos on KZbin is by far the best I have seen in last 15 days. Trying to learn how to trade.

[@cooshaghen8539]

Most people remain poor only because friends and relatives discouraged and advised them against investing and trading forex while the wise ones kept investing and growing higher financially.

[@cobusgillis5872]

Anyone who introduces you to Mr Reid hoffman truly loves you

[@constantijngustaaf6524]

Yeah i guess...but not everyone could see it the way you're seeing it

[@anitamoorebenedict5844]

Well, that's true, there's never an easy one in this market, Thanks Hoffman.

[@adalbertobenito2942]

Sir, please tell us what is the best time to trade for both of these software Thank you

[@gibbstiffanygibbs9979]

Nice video.please what's your best advice for a total newbie in the binary trade especially with Your Strategy. because I could only start with $1250 for now thanks

[@JamezBnd007]

You are the most underrated stock trader on KZbin! I learned a lot from your vids. Thank you brother!!

[@ZhangtheGreat]

I'm about to start trying this out. I've been studying up on strategies, researching stocks, formulating my plans, and will soon be practicing with a paper account to see how well my plan works. My initial goal is just to see how much my due diligence has paid off in a paper account. After that, once I start using real money, I'll be more than happy to walk away each day with any profits (even if it's only pennies). I know there will be times along the way when I'll get tempted to gamble, and I may fall victim a few times to those moments (have to be honest; never say never), but those are opportunities to hit the reset button and return to what works.

[@bayanyanes4]

The best Advice is to focus on being a good trader instead of putting money goals rightaway and blowing your account. Patience is key Thank you Umar , i am a top fan for your videos and the way you simplify things and explain why traders lose when they open their real accounts.

[@aniketpaul745]

Teach us them basics and advanced level stuff one by one. Only is you're consistent enough ! :) Thanks mate

[@Trentand1]

Awesome video bro. Ive had my foot in the door for about a week now with the paper trading, and I'm seeing expontetial growth in my knowledge for the market, and small growth on it. But thats okay, because i get it. Im patient, optimistic, and very self aware. I know rome wasn't built in a day, and your content has been a lot of the reason. Keep it coming my guy! Always dope to watch.

[@bogdanvladonica]

I think that the most common question that someone who wants to get into trading is: how much return can I have in one month? A video about a realistic monthly return (in percentage of course) will be very helpful for most of us who are thinking to get into trading!

[@andydaniel4716]

Do you have any videos that could show us how to learn about the basics? And awesome vid👍🏼

[@abhinwolverine1447]

You Will Get Thousands Of Books From Amazon... Don't depend on video for basics

[@forextein100gmailcom5]

or consider using a broker like lumentrades.com that offers portfolio management and insures your capital

[@vismong102]

Dr. Forextein he doesn’t want to manage his portfolio or insure his capital he just wants to learn the basics... stop linking websites buddy

[@MahmoudAli-wh7ht]

Your videos are awesome Umar. May I propose a suggestion? Would you consider making a video with a real world example? Like applying all the principles you mention (Risk management, trading plan...etc) on an actual stock and show all that on the video from the early beginning till you sell that stock. That would be extremely helpful and will give us a much better understanding of how proper trading should be.

[@mudragadaveerabhadrarao7599]

Pls send dxxxaAVv bnmu

[@dharmeshchandra4591]

best sign of a genuine mentor is less than 20 videos in years in their channel

[@michaelsturgill736]

this is a must watch for any new trader

[@fantasyDeal]

Starting Watching his videos now I am starting from His first ever video till today... Really likes him a lot...

[@acz873]

1. Learn the basics of trading (risk-management, Spread, Postion size, trading style...) 2. Get your self a proven strategy- learn how to apply it correctly 3. Stick to this certain strategy for at least 25-50 trades (depends on your trading style: scalp-, day-,swingtrading) 4. Reflect those 25-50 trades..proftitable? continue with it. nonprofitable? change your gameplan (strategy) and repeat This is what helped me a lot!

[@Fitteria_Official]

1. lack of knowledge 2. lack of risk managment 3. people who start dont have a trading plan 4. focus on money goals over

[@RelaxedPanda2698]

Umar is awesome (:

[@pradeep656]

💯

[@snay6869]

It's :) lol not (:

[@smokeymia9982]

I haven’t done a trade yet and I thought since I know some technical indicators I was ready... The very first reason he proved me wrong. THANK YOU 🙏

[@user-dy6yi5oy34]

I had this guy 9 years ago ca. 2009 in my facebook friendlist, far away from big profit. Eating a normal streetfood for lunch after opening some orders. Good to see you again. Congratulations, good luck and besteht regards from Germany:)

[@mexita2002]

Thanks for the sensible, real and inspiring advice.

[@katrynamedley4923]

Do you have a trading class? I want to learn EVERYTHING I can first but I’m not sure who’s class to choose and I really like the way you explain things.

[@simrahsyed2422]

Same

[@brianthomas3249]

Thank you! I haven’t started trading yet. I’m watching all your videos first along with note taking

[@kurbol9293]

Umar, great educational video, brother. I used to refuse to take profit ( a major problem for lots of novice traders).

[@KevinCease]

So i took a Master Mind program which was great however it either didnt contain these or i wasnt able to absorb them. Three months in and you hit everything ive been doing. Im ready for the next stage

[@ahmedtalalquffa]

What is your take on options and could please suggest a stop loss percentage

[@MillennialStocksYT]

So far I'm loving the videos you've made . Real . No bullshit. When are you going to start live trading ? Or post recap videos

[@vidalguerra5978]

Hey, I’m new in trading, I don’t have any stock. sincerely I don’t understand much about this. I just open an account in Interactive Brokers. Where do I can start?

[@MsTori_boss]

Money Goals- It takes money to make money. I agree trading takes time. Another reason why stockbrokers fail - They give their whole paychecks to stocks. Money management is a must to pay your bills,debts, etc.

[@subhayan1234]

Hello Umar, Could you please make a video with the basics of Chart analysis and particularly how to track price movement and predict or calculate the probability of a rise in stock price. Please tell us the key chart parameters to look for . Many thanks!

[@xAdamLeex]

exactly why i failed at first . i had big % losses when i first started because i thought i knew what i was doing but luckily didnt put tooo much in the market . but i’ve been constantly learning and starting to get the hang of it and have been getting 2-6% gains since . i’m long term investor but i’m not rushing into purchases anymore . i wait until i see big drops or invest when i see good companies towards their 52week lows but are starting to move back up . also constantly reading up on the companies i’m investing in and everything ☺️

[@ruh4734]

Great Video Umar...this really helped!

[@IammissKatherine]

Can you share any strategy you use? What kind of stocks you trade, How long you hold your positions, etc

[@easilyidentifiable2347]

Good stuff bro

[@ShaynePatton]

Thanks for the info on this channel! Your story is inspirational. Would _LOVE_ to see you make a vid on Risk Management you actually use.

[@nabeelmalik6582]

Hi Umar, When are you teaching your next class and where can I get more information from.

[@TheNaveed007]

Sir, i have one suggestion for your videos, kindly make built point written on the screen to understand well. like 6 reasons

[@KeithMarvK]

Umar, I'm still willing to set a weekly/monthly money goal. I'd do so while MAINTAINING THE INTEGRITY OF MY STRATEGY. If I don't make any money in a week, I'll have the patience not to force trade, still selling when my strategy tells me to trade even if I'm not hitting my money goal. Over time, I'm willing to bet this level of patience and commitment to my strategy will prove profitable. You just have to exercise patience and integrity.

[@waheed7288]

Yes yes and yes risk management wiped me out not paying attention to it or ignored it ,

[@nattsurfaren]

I have never done any share trading before but I can't figure out from my basic knowledge where it goes complicated. When the stock price is low and goes up then buy. If the stock price still goes up after a short while then sell. If the stock price goes down then leave it alone and pick something else. What am I missing?

[@gmoneytrader85]

I use the same type of COMPOSITION BOOK that is in the picture. One for everything during the day. One for daily summary. And one to track WINNING trades.

[@DrNyokc]

PLEASE TALK ABOUT "How to select a stock based on your budget AND based on the type of buy (ie: buy stock, buy/sell options)". Like your channel.

[@temprmj1]

I just started watching your channel and man your content is solid!

[@enockphiri7688]

When is the online course starting??

[@candybeats1989]

make more vedios for begginers sir..... your vedios is too good.. loved it .👍🏻😎

[@samishady8612]

You are my teacher❤❤ : ))

[@bhavikgoswami1514]

How to know about price action? It depends on stock to stock, right?? and do you have a particular strategy for options??

[@273harishrana4]

What is a trading plan and how we set our plan How to set ur trading plan by news , analysis ,or by other indicator

[@Birmp.]

Where do you get your news and info for stocks and business

[@tonyo5406]

Bloomberg..

[@baayeshi1910]

Hey ,where do you do you trade ???

[@MayankKumar-ou6pg]

Sir where r u ? pls sir make some more videos about stock market .. plss sir i am waiting for your video last 4 month .

[@1stlady90]

I will trade my plan w/ edge, I will have proper risk/reward parameters on every trade, I do not know if my trade will win or lose and I do not have to know, but I must trade from a series of trades perspective.

[@muchixl2427]

Absolutely perfect advice!! This is money!! I appreciate you sharing this, gives me understanding of where I have to improve on!

[@gabylan_barros]

Great video!! Keep them coming!

[@thomastolster3934]

Can you do a video on how to make a trading plan.

[@ibexinvest]

want to study with you but I'm in Latin America how can I do it umara ?

[@jefftarver4777]

Umar thanks for taking the time to help ! Awesome video's

[@asz304]

Umar, how do you pick out stocks to watch before they go big? Can you do a video on that pleaseee

[@mikemike1058]

This kid is 100% on point. I’ve been doing this for 22 years and I failed back them because the technology sucked.

[@OFFICIALRAPTORTHERAPPER]

do you have any videos to teach the ways of trading? very interested my daughter is due oct. 4th and need a side hustle!!!

[@tpks2542]

Could of thought about a side hustle earlier. Trading is the hardest thing you can do, you will definitely fail your first year so be ready bud

[@heyhandsome8079]

At this stage of your life especially with a newborn coming, trading isnt the wisest choice of side hustle. It's not like selling lemonade outside your house. It requires full emotional and psychological commitment to develop yourself to think and operate like a trader. You are better off investing all your money in index funds that pay you dividend.

[@tpks2542]

@@heyhandsome8079 Exactly, I'm a young gun in my 20's. I started studying the stock market, specifically day-trading/technical analysis 2 years ago. I have been day-trading since 1 year ago, and only after 2 years of study/experience am I finally gaining consistency, and still my consistency isn't nearly where I want it to be, not sizing up enough to make a living yet. Don't think that you are going to be in the 10% when you first start, or even when you are 3 years in like me. You have a 90%+ chance of blowing up your account Raptor, and that won't benefit your kid, if anything invest in your kids future and let him learn to day-trade at age 10+

[@MrRmdude]

not a very good idea to have trading as a side hustle with your current situation my man. try poker maybe?

[@Simon-je7ko]

I think that first you need to create a budget. Than look how much you can invest monthly. Open a Roth Ira. Study investing. KZbin is perfect for that. Buy some stocks and make money. Forget about trading. Unless you have a lot of money. Traders earn a lot of money because they invest at least $ 30,000 to $ 100 000,00 on a single Trade.

[@d-elmore]

What’s the last book? Can’t find it anymore

[@anupambassi475]

Your videos are very educative. Could you please guide the time frame you use to decide the trend of the stock. In your earlier video you told that first we need to see whether the stock is in an uptrend or a downtrend.

[@PAP3RMAN.732]

Awesome. Back at it Again. Trade up Never down.

[@jatinmali1969]

Keep making such kind of videos....grt work.... We need ur guidance and support....

[@Irzusa]

Hi Umar Can you please say which brokers you trade with?

[@Hustling_Soul_5]

Too gud too gud video thanks bro

[@dezmitch]

What smartphone app/website you recommend to start a paper trading account?

[@cute8216]

Thanks man you r very encouraging .... what kind of sources do you use to get information amour the companies you buy stock

[@Ram-fz7ni]

Please tell me can I trade in iq option mibile application

[@mmmm407mmm21]

ما شاء الله عُمر ، موضوع كثير هام ومفيد بارك الله فيك Keep up the good work 👍

[@akitiar9460]

Do you think option trade is best way to grow account faster?

[@umarashraf4220]

I think proper brokage lar

[@bazel303]

Did you read a lot of books in the process of learning how to trade if so how many and how did they impact your trading

[@jdbaker82]

Would love to see a video from you with a introduction to the basics of the different types of trading and different types of markets you can trade in and what you would recommend for newer traders.

[@JoseGarcia-kr3xx]

trust me ...stay away from BINARY OPTIOND MOST AND I MEAN MOST ARE SCAMS

[@bipinsingh8172]

Hi can you make a series of videos specially for beginners about the do's and don't and how to make strategy or prepare yourself

[@VZOUTTAHERE]

Love to see you grow your channel 💯🔥

[@raghav.talwar]

You told to stick to the initial written plan so that one should not get played by emotions. I want to ask, what should be our action if conditions changes and now circumstances demands us to close at some other price than what we initially decided to close at in order to make profit/more profit. Still we should go for initial one?? Plz suggest.

[@bobbydulin4960]

I need a setup I can start to learn and start paper trading with Is there one that you recommend?

[@DankyGaming]

Just subbed! Keep up the good work. I would like it if you made a video on the various ways of properly analyzing a stock. Possibly how to use a scanner to find a stocks potential?

[@piyuyadu4298]

Hey brother please suggest a paper trading app for ios

[@konscodes]

Hey Umar, I'm not a trader but found the video interesting. On instagram you were talking about having a series of videos on what you can achieve with $10,000 and show the whole process. Hope to see that sometimes : ) cheers !

[@j.pierre2548]

Excellent video thanks for the information 👍 god bless you 🙏 😊

[@ozzyozlaflare]

Umar, keep up these videos dude! Fairly new in the market and you cut straight to the point.

[@srinivasnaraen]

you are simply superb Umar. What you have spoke here is really very very true. I did all this and now want to learn.

[@ravindranathareddygr8703]

Hi Umar. I became a big fan of u. I have watched ur previous videos. Excellent. Could pls do some videos on the Strategies, Price actions, Risk management, Which trading option to choose for a stock (Futures, Option Put, Option Call) ?

[@qaizgaming111official3]

Hi bro I want to enter in stock market but I don't have any little knowledge and money too So suggest me some thing

[@djstanley3002]

More vids please, especially for beginners etc. nice work!

[@sudhirkumar-es9tv]

Sir I have watched all your interviews, I just want to know that from where did acquire your part of knowledge ? Other than books

[@vmjadeja81]

Is BTST good stretegy...if yes than what is your opinion..please share your knowledge....about this

[@satheeskumar4538]

Can you suggest any apps for trading?

[@guessentertainment3325]

If you like a stock and it starts dropping, what is your advice on buying more when it drops low?

[@girishgiri8377]

Which is the music that plays @the starting of ur videos