Trading Psychology is Bullsh*t... here's why.

[@UmarAshraf28]

Should I make a video on HOW to develop an edge? If so let me know👇

[@pythonchin779]

Definitely

[@WeActUpp]

yes!

[@flashlightradiotv]

Yes

[@shayneduncan6600]

Maybe make a better video on trading psychology first, because this shows how little you know about it.

[@larrycheak2133]

Yes

[@ClarieZwiehoff]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@YinusaSaheed]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...

[@ClarieZwiehoff]

@@YinusaSaheed That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@YinusaSaheed]

You can look her up online

[@YinusaSaheed]

I'll recommend MARGARET MOLLI ALVEY trade signal for you. I have made over a million dollars with her guidance

[@NaufalKnoechel]

@@YinusaSaheed The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

[@UmarAshraf28]

Trading psychology is important, BUT... it only comes ONCE you have a profitable strategy tested! I use www.TradeZella.com --> to backtest and build my strategies and also track my trades.

[@nikomelikishvili9683]

i mean he cant focus on a one person u can watch his videos

[@Vktradesimb]

Yes Umar, correct. 1) Psychology is the hyped logic to sell their courses. 2) You can take bad decisions when you don’t have your setup defined 3) As long as your setup is defined exits and entries must be refined through that 4) Your psychology helps you in different vantage points and approaches 5) Rule book helps you in Overtrading too. 6) Your psychology comes in play when you can’t let your winners run and let your losers run

[@scorpioindigoo]

best comment on this post 💯💯💯💯

[@valuetainer3437]

I've been sayin this since it dawned on me too, a rock solid strategy trumps "psychology" and to develop that takes time, but once you have it down you just follow your strategy to the T and a true strategy has many nuances and subtleties because it needs to adapt to any environment, volatility, seasonality, different types of market etc, and that requires a lot of repetition, experience, screen time so on and so forth once you've completed all these stagies you're just a robot, executing the program, this is the final level, and we know robots don't have emotions therefore no need for "psychology"

[@Vktradesimb]

@@scorpioindigoo thanks mate

[@godpowernwachukwu]

Some people have the fear of placing trades, isn't that a phycological problem? Trading is more than just "entries and exists" "letting your losers or winners run". Have you ever been in a situation where you can't make decisions even when you know the market is going down for sure, because you lost your last 7 trades. Yes, you are special, but most people are not that special. If you are not patient, you'll not win, if you let greed take over, if you let fear take over, if you let over confidence take over, if you let pride take over, if you let addiction take over, then YOU'LL NEVER BECOME PROFITABLE. "A way to sell their courses" you say, but I say, that way is the best way to do it. It's called hitting the nail on the head ✍️. Just because somebody popular says something on KZbin doesn't mean it's correct, do your research. A trader ain't going anywhere without psychology. I heard a story about a trader who short the market and made approximately $1 billion in one trade, psychology made him lose that money faster than he made it.

[@health2100]

True

[@damsolechauve6430]

"Facts: It's hard to be patient when you don't know what you're supposed to be waiting for. Work on that playbook, then work on your discipline and patience to stick to it."

[@samuelsamuel9176]

Exactly not having a playbook trigger wrong psychology, impatient

[@inthezone2023]

That's why the late Mark Douglas always said that he expected people already had an edge before he could start his psychology lectures...coz his work was not to teach edge.

[@basseverexclusive8047]

I wonder how it gonna looks like when a new trader without experience in trading decide to learn trading by reading trading in the zone at the first place... Cuz, i dont think they gonna absorb or understand the information what is going on if they never experience the trading process itself.

[@deedsofdecapitation7477]

I dunno. Mark Douglas told me to not worry about psychology, and just buy cheap OTM weekly call options.

[@nnconfomiststoic888]

​@@deedsofdecapitation7477i buy otm options and yesterday turned 200 into 1105. What matters is defined strategy and trending market

[@paulnyagini]

On my experience when a person have an edge that's he truly understand he probably have a good phycology automatically.

[@faisalhussain9746]

Indeed yes

[@motionfx1337]

This is so important. Without an edge, all the psychology in the world is useless. People in the comments are misunderstanding your video and think it’s an or argument.

[@austinbar266]

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.

[@rogerwheelers4322]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@joshbarney114]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@joshbarney114]

Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@FabioOdelega876]

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@rodolforoblesarredondo]

Need more Blcktken300 content. Converted my ETH to BTC but kept my Blcktken300

[@YashPatelYP]

One of the best explain of Edge & Emotions👏👏👏

[@edgarsanchez9192]

I disagree, I think emotions play a role during the entire process. From the very beginning and it’s something you must continue improving in if you want to continuously grow in trading. But I also agree that there’s a lot of beginner traders that blame emotions when in reality they haven’t developed a trading edge.

[@scorpioindigoo]

are you profitable.. do you make at least 6 figures a year trding?

[@godsoracle1212]

I know traders who have no care about motions that jumped right in nd made money and continue to until this day. They knew nothing of psychology. It is simply buy and sell starting with a 50/50 chance. Build from there.

[@scorpioindigoo]

@@godsoracle1212 true bro, but the consistency curve of profitability doesn’t last long without an edge

[@nikkynft4694]

Highly disagree, an Edge is useless without control of your emotions, you need both, you need to build both at the same time, you'll NEVER have an edge if your mental is going against you...

[@Moeefoee]

Where is your lambo and a $4M house?

[@sinclairthomas1222]

He literally just said that

[@iibreathvictory]

Did you watch the full video? Asking for a friend.

[@UmarAshraf28]

Edge needs to exist first before you believe that your emotions are the reason your edge “isn’t working”… I’m Not saying emotions aren’t important, but you need to develop an edge FIRST, showcase it works and it’s proven. Once you scale it with capital, emotions will pop up and should be tackled THEN.

[@christophermatarazzo4418]

I get what he’s saying. You can fall into the trap of overfitting a backtest. It’s when the rubber hits the road and you’re trading in live markets that you will see if you truly have an edge. If your emotions are in the way while forward testing you can cloud your results. But the answer is already in the video: Start small and size up. Also I would like to say this is a quality video. Much better than the 99% of trading bullshit that the KZbin algorithm puts on my and everyone else’s feeds. Thanks for doing this for the trading community.

[@tequilasteve2833]

That makes sense by making sure you have a winning strategy to begin with, it will eliminate a lot of the emotion before you even place a trade.

[@owenhartman484]

It doesnt though because you never know whats gonna happen next lol ("making sure?" there is no certainty... ZERO) you never know if you have a winning strategy because any strategy can make money, intuition is the "holy grail". Eliminating emotion is a by product of taking conscious control of the emotions themselves and changing the beliefs that trigger the emotions so theres no longer any potential to feel those negative emotions. YOU DONT NEED TECHNICAL ANALYSIS PEOPLE, ANY FORM OF IT, ZERO, ZIP, SQUAT! No offense to Umar, great trader, but Mark douglas has this dude beat by a mile. Trading Psychology is the only thing that matters. "Edge" is literally everywhere.

[@mvlohith8504]

Hi sir please tell me how to pick right stocks for intraday trading

[@hyperbolictimetrader9126]

Great video. I also think, the only time emotions/psychology plays a role, is if a trader is not confident in their setups/strategy. A professional trader doesn't have that problem, he/she will always be confident in their setup/strategy, win or loss, because they have back tested their strategy and they know that over a series of trades, they will be profitable, so they don't care if they lose 3 trades in a row, if thats a part of their playbook/strategy.

[@PeterMilko]

Can I show you my edge to see what you think?

[@jameslinmd]

Umar is absolutely right. Profitable strategy is the first and foremost. Without an edge, trading psychology isn't going to propel you into profitability.

[@1h2j2k]

Wonderful brother!!!! I am a new trader.....started 2 months ago.... I can relate to wad you say...!!!! Nd honestly....untill now....by default.....I am trying to approach it the other way.. .!!! 1st emotion...2nd system And I end up blaming my psychology.... Felt it today itself...!!! After exiting my positions....!!!! SO A VERY FRESH EXPERIENCE 😂😅... WELL ..YOUR WORDS HAVE MOTIVATED ME TO NOW CHANGE MY APPROACH..... AND HOPE TO GROW....AND CHANGE Thanks!

[@Disastrous6366]

How to Create Account in think or swim please with this video and make a tutorial of think or swim please ❤

[@scotti0702]

Umar, mad respect for you, both your trading and your Tradzella venture (the Ferrari of trading journals). Your Vids are intelligent & to the point, your success without question, and I never leave with the feeling that you have an ulterior motive or don't give a dam about helping others. Thank you. Without a measurable system (or Edge), we can't know if it's our system or our psychology or both causing PNL losses. Trading a sim account without real money is how to safely develop the edge & remove the psychological variable, then with real $$$ we can test our psychology. If I could ask 2 wishes - 1) some real time examples of watching order flow in the tape or level II, you've teased more detail, but I can't find any vids with it. (i.e. showing a live tape and calling out what you look for and what you infer from the activity happening) and maybe 2.) unpacking at least few basic rudimentary playbooks you use often instead of the quick peeks we've seen that are of great interest to many! Thank you sir! You are appreciated.

[@JoanArias-zv4fw]

Great video. Im a huge Blcktken300 fan and love your videos on it.

[@abdulakbarkhan6466]

How to catch or understand the imbalance in buyers and sellers . Some days its obvious like sun and moon but on other days its hard to understand the imbalance.

[@SarmistaDhivesh]

Hallelujah!!!!!!!!!!! The daily Jesus devotion has been a huge part of my transformation. God is Good 🙌🙌🙌🙌🙌🙌🙌🙌🙌was owing a loan of £47k to the bank for my son's brain surgery(Samuel). Now I am no longer owning after I invested £6500 and got my payout of £290k every month, God bless Sandrina Edmondson 🇺🇸🇺🇸🇺🇸

[@Zomingrocket]

How do you check if your edge is working ? It’s not possible until you do real trade which means emotion would come by default. So both work together not first and second.

[@johndagmundex6494]

The man I look up to, always speaking facts, no bs.

[@The-Different-Trader]

Nice info and tips, I do have an edge, worked on it in isolation for 2 years straight. The only problem I have now, that I need to figure out is when I draw my levels and take no action when it gets hit, its a perfect level, perfect entry. When I do the exact same and I go in, its a totally wrong entry, as many can imagine, thats absolutely annoying, but nothing else to do than to go back to the lab again for the final touches. Good luck to everyone!

[@Aryantrade]

Hello sir tradezella is not available on Play Store, what can I do.....

[@cedrickgutierrez8024]

100 % correct!! the point of this video is if you don’t have a good strategy, you’re not be able to trade, yes having an edge is difficult but you follow your rules of your strategy, the psychology doesn’t affect your trades…

[@abdullahwarraich1347]

I understand your point but i have been doing this for 3 years now and what i feel is from these two things your peychology is most important and then your risk management if you have these two even if u trade with the coin toss everytime u can make profit but its not and shouldn’t be the end goal

[@v3n481]

True. Without positive expectancy strategy, all you can do by being psychologically strong is to confidently and consistently lose money. When there is proven strategy, no need to think hard, just follow plan and probabilities will do the rest. Unless a trader is on meds or mentally unstable, every healthy human is already psychologically strong enough by default to make money when there is a proven plan.

[@Cocomariedoesthings]

Hell yes. Finally someone said it. I get so fricken frustrated with all the people telling me it’s about psychology. I was literally a psychology major. I have a high degree of emotional literacy. It doesn’t matter if you don’t know what you are doing and it just simply takes sooooo long to learn all the little nuances of trading

[@Petermoseri_]

you can have an edge and not make money consistently(due to lack of trading psychology) You can have develop trading psychology and not have an edge(due to lack of developing a structure in an unstructured environment) Solid video ❤️

[@44beebe]

simple video but sometimes the simple ones are best. Important to judge where you are at with your edge. Define where you have an edge and make sure it is real through testing and practice. I have really very few tools that give me an edge, but I have found ways to combine those tools and use them to trade different scenarios/setups. I still need to work on improving those setups to know the best ways to trade them through back and forward testing. I am sometimes too anxious to trade setups when I have not clearly defined how I SHOULD trade them based on an analysis of data I have collected. I have to start with clearly defining my setups and having a framework for how I should trade each setup. Only after that happens can I focus on improving the execution and controlling emotions. I definitely had this backwards for a long time and I still sometimes let myself think my problem is emotion when it is more about not having a clearly defined strategy and method for trading that strategy.

[@mayursinhrathod3592]

This video gave me more guidance than any Trading psychology book. Thanks Umar.

[@chadolien]

I've always wondered... the only way I can manage my emotions successfully is when I have a proven edge with rules. If I operate within my rules and my system I am not emotionally connected to the trades since I've followed my playbook. It's only when I break my rules my psychology becomes wrecked.

[@daemonkoele]

Psychology does not equal emotion. Psychology is about your beliefs and your mindset - the way you think. Emotions are then physiology - a body/chemical response to the thoughts. Your beliefs about trading can impact HOW well or poorly you design your edge... as well as how you react to price when trading that edge. In my opinion, better mindsets unlock better edges and aid better emotional management down the road. 1. Psychology should come first. Understand the game AND how to think about it. Understand yourself, the responsible party clicking buttons. 2. Let that knowledge help you build and refine your Edge. 3. Finally, emotional awareness, breath work, and meditation can unlock clarity and better execution. of course, one will probably only move through things in that order if they have a mentor directing them... which I wish I had when I started

[@dharris577]

Powerful, coming from someone about to get started at 50! This dog's gone learn some new skills.

[@stevegonzalez4424]

exactly bro

[@lewiskellytrades8]

Couldn’t of said it better. There is no doubt that trading psychology is extremely important, but it’s completely useless unless you can prove it’s an issue. The only way to prove it’s an issue is to have an edge and display difficulty allowing that edge to play out. Then and only then can you address it as a psychology issue. Anything in trading is secondary to actually having an edge.

[@spidaman8888]

I love watching Umar Ashraf, Stock Brotha, & Everything Money. Love them all! ❤ ❤ ❤

[@mikalaisurynau]

Trading psychology is a very broad topic… most traders don’t even think the way how successful traders think… Why not everyone has succeeded in the turtles experiment? Those traders were given best edge and were surrounded by best traders… In the environment where each trade has uncertain outcome what would think will come first ? Your edge or your mindset?

[@paulnyagini]

Mindset becomes a problem when you don't understand the edge of your strategy

[@TheHadiSulman]

Agreed But Disagreed. 1. Having control over your emotions is consider an edge in the market 2. An Edge Is developed by experience not indicators, but indicators can help you get the edge faster 3. The whole premise of trading is to have a play book which essentially gets you in on a trade due to more logical factors rather than emotional factors (ex. revenge trading) Conclusion: Saying Trading Psychology is Bullsh*t would be a huge overstatement as emotions are the basis of bad trades for most traders...

[@UmarAshraf28]

Emotions can be a basis for “bad” trades only once you have a proven strategy with minimal capital… if not then your bad trades are already bad with no edge but blame is going on emotions and not “strategy”. My point is, emotions matter but AFTER strategy/ edge is proven.

[@TheHadiSulman]

@@UmarAshraf28 Yup 👍 Of course emotions is a secondary thing as you need a strategy to play the game if not you're just gambling. I think minimizing emotions is nothing but BS from your intro and title and explanation is the only problem here. Conclusion: I agree but narrowing down emotion to BS isn't the way...

[@entertainland]

Do you trade in Forex, crypto or stock?

[@Ash__7]

rofl There's actually a video on this guy's landing page about "7 things he learnt in 10yrs trading" and the last section is "trading psychology" in which he explains that "trading is 90% emotion, there's so much psychology involved, I can't stress this enough." Clearly a very serious person.

[@SahilPatel-vw4nf]

Can you make a video on how you select which stocks to trade? What is some of the things you are looking for in your research?

[@bensonkarani_]

Thank you. I've just come out of the second phase, and I can say you're correct 💯

[@albinsmathai8521]

I totally agree with you, why because before an edge I can't even control or i doesn't have a plan in the market to enter, exit and all after I found my edge, set up i figured all then i can control my lose emotions all stuff❤❤

[@Elizabethbjg]

Thank you Lord Jesus for the gift of life and blessings to me and my family $17, 100.47 weekly profit Our lord Jesus have lifted up my Life!!! A. V

[@Sarpnbmarylin]

I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Elizabeth Cabral

[@Sarpnbmarylin]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Kendrick). Glory to God.shalom..

[@MenubxcBway]

Alright thanks for the recommendation, but how do I reach her?

[@VddoyleBgreer]

What impresses me most about Elizabeth Cabral is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.

[@RayanBasilio]

Such information we don't get from most KZbinrs, getting in touch with her right away.

[@KoladiK]

It changed the game for me combining Retail trading plus SMC and actively reading candles movie to identify buying or selling power

[@DavidOgden1]

"I've only recently realized the importance of addressing emotions, thanks to creating specific playbooks and criteria. It's spot on! While I worry some may not grasp it, if just one person does, it's still a significant achievement."

[@kiranchaudhary8407]

He is right.. having a edge first then working on our emotion and psychology is a way of being successful trader❤

[@shalhevetamar]

We need a video of how to build your own strategy

[@paulnyagini]

Build a strategy is not hard. Building a strategy that's have an edge that's super hard.

[@SMarC349]

ict

[@experiencepoint1647]

Please start a trading course on your pattern

[@josephfornes3763]

SO glad you posted this! I noticed this with myself. Since I’ve become profitable over the last year I’ve seen how strategy/edge is truly the first thing to get down and THEN the psychology follows because mentally you must adapt to your style of trading based on your edge whether it be certain timeframe, risk appetite, etc. but that all formed from having a edge and system! Thanks so much brother confirmation right here for sure

[@samujadama4921]

The trading world needs your mentorship!

[@OlydiaBee]

Great info! Conquering the emotions💯

[@akposoke]

Hey Umar, please what is the app you’re using to take down this note on your iPad you’re using to illustrate on the video. Thanks

[@yurichitabarich]

That's what I have always thought. A lot of "mentor" say psicology is more than 80% and that's where I know is a bad mentor and maybe even not profitable

[@UmarAshraf28]

Psychology is important, but you should focus on it once you've developed a profitable strategy...

[@billfranz4488]

Trading psychology is absolutely necessary for when the edge doesnt work.

[@MAH28584]

Solid advice.

[@josefwsteinerify]

Min 3:15: Imbalance between buyers and seller! What a BS! For every buyer you need a seller, otherwise there is no transaction.

[@rakeshgurijala8397]

What he meant was orders in buying or selling higher than the other which can spike the price either way lmao

[@TheMrFive]

You want to learn or do you want to 'be right'? Wake up buddy you're correcting a person that you'd do brilliant to achieve 10% of what they have.

[@denzelchinho7628]

I love it that people are bringing more light to this, i have a friend he went live after two days of learning about forex, he didn't even know what a pip was and he was like i can't do demo there are no emotions, that's when i realised a lot of people don't really know how to trade😂😂😂😂😂

[@tonyanderson185]

I will be forever grateful to you, you changed my entire 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 Katherine Flores.

[@michelleyoung379]

I'm surprised that you just mentioned Katherine Flores here. I met her at a conference in 2018 and we have been working together ever since.

[@MichaelConnor57]

Flores' expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.

[@alexanderbutler859]

The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

[@mathewboniface504]

You trade with Katherine Flores too? Wow that woman has been a blessing to me and my family.

[@dr.ahmedali958]

I'm new at this, please how can I reach her?

[@affifakhan7426]

Can you please guide about filing tax and registering LLC.

[@JP-vu6mz]

SImple and clear explanation of the fundamentals of trading. This kind of knowledge only comes from self reflection and experience.

[@Casey-summer]

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.

[@Gallo-firestone]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $610k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

[@mellon-wrigley3]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since August last year, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@lilyhershey1]

​ *@mellon-wrigley3* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@mellon-wrigley3]

Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@sloanmarriott5]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@chartminds]

It's really important to journal, backtest and develop an edge. 100% agree with you!

[@jacksonlucas5933]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@laurawilliams713]

I'm 37 and have been looking for ways to be successful, please how??

[@jacksonlucas5933]

Sure, the investment-advisor that guides me is..

[@jacksonlucas5933]

Mrs Kathy lien

[@henrymartin9168]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@ghazanferfazli7335]

😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!

[@JohnnyQM1]

Great explanation, I'll say this also, the emotions aren't as bad when you have done the work of back testing and forward testing. By that time a real trade is on you should have a lot of confidence in your set up and an understanding of how to handle it when it doesn't go your way. Trade what works for you and practice both the wins and the losses so your ready for anything market will throw at you.

[@drleo6409]

Some disagreed with him but the reality is you’ve got to know what your plan is. Then you deal with sticking to it. That is the psychology side of it sticking to a known plan.

[@nnconfomiststoic888]

​​​​​@@drleo6409exactly! I dont backtest , just follow my plan and becoming profitable, always ensuring losses are minimal. Only two trades per day. Three when the market is exceptionally good. That's it. I don't trade at all if i don't see my setup. Day trading doesn't mean trading everyday. You must wait for the setup, if it doesn't show up, no trade

[@nnconfomiststoic888]

Sometimes it's time to go long, sometimes it's time to go short and sometimes it's time to go fishing, Jesse Livermore

[@anishgamingyt...]

Hindi channel please 0:52

[@llmmm123]

Atas or Sierra Charts? which one would you choose?

[@Linda.xing-tj2fh]

Claiming trading psychology oversimplifies things. Emotions impact trading decisions, and ignoring that can lead to mistakes. It's crucial to recognize the role of psychology without entirely dismissing it.

[@camela8445Mar]

Absolutely. Emotions can cloud judgment in trading. Acknowledging the challenge and seeking advice from a financial advisor who understands both the market and human behavior is key. It's not about ignoring psychology but managing it wisely for better outcomes.

[@Thomas-ff7wn]

Like Carl Jason Cohen

[@baljeetsamra8295]

1 david paul advice change my trading completely is he said place the buy or sell order where people have stop losses that is how smart money trade.

[@S.N.I.P.E.R007]

I use confluence to take trades, what's your view on that?? I use us30, us100, us500 and Gold for confirmation

[@cesarazevedo6713]

Great information in the video but also really divisive. We all have different backgrounds and this “edge is more important than psychology” idea really undermines where we individually come from. Some people’s psychology is preventing them from even being able to consistently identify or craft an edge and caps their growth potential (I’m a prime example of that lol)

[@leonciopena-perdomo7410]

100% Facts I was thinking this the other day me coming in as a new trader I always was thinking why are people pushing psychology so hard when your edge should be number one and strategy once you have one then you will conquer the psychology. Data notes and edge will refine all that as well. Journal journal journal. Great video Umar im glad you made this.

[@rohanpatil8085]

2 years back I was just trading with Price Action concepts....Now I have started using Data Analysis with Price Action and trading Opening Range Breakout & the results are improving....But as you said I've no control over emotions and many times I end up with frustration 😢

[@kidus02]

Bro it's hard to increasing by 15% my account???? Pls answer my question

[@harishjangid3528]

Thank you for your support and all the best for your future

[@radiantrisenetwork70]

What broker he uses to place trade??? Can Anybody tell me???

[@amadshah4784]

Asslam o alaikum umar bhai can i know about your strategy name how gives you maximum output and one thinghow we captured the market like magician thanks

[@robertm.496]

Thank you for your videos. A quick question, is there any reason to be worried about liquidity trading SPY's 1 day expiration options in a normal market if you are trading 100 contract a a time?

[@vccreations6110]

Hi Umar, I really need help in trading I am getting crushed by the markets and it is due to my emotional control, How do I improve it

[@HolisticMadams]

I definitely agree, 1. when you invest more capital into a trade, your emotions will be tested. 2 Emotion & a tested Edge are key. I believe there is great importance to be placed on the pychology part of trading from the very beginning of the trading journey.. So when these emotions, THAT WILL SHOW UP, test you, and the proven edge you use, you've already begun learning how to manage emotions. Thank you for the good tips 😊

[@rawwr2469]

This man has quickly become the Tony Robbins of trading.

[@Aryantrade]

Can I use your website, I'm live in India, in India forex trading is illegal Your website is zenven........ means Is there no issue of deposit and withdrawal problem......??

[@asimjahangir8516]

Well it's a relative thing, but still generally speaking,How much would be small capital, something to just test out my setup

[@Ray_eddi]

Dude, that is so good! Clarity is a superpower

[@droccult700]

Psychology is always important in trading from the starting to the end, how then can you be afraid of placing trades thinking it might be a loss? why so attached to the money as if it's your life? why backtest for hours but still hesitant to execute? A lot of people don't understand the term "psychology" yet they go around explaining what they have zero understanding about.

[@angelsasikala4792]

Which platform u r using for order flow brother ...?i tried in trading view...it gives me infinte pain in my a...s.s..during payment...pls give me right platform for this

[@nailaaziz1992]

Someone answer this question, Isn't day trading fall into haraam. Everyone has told me it's like gambling hence it is haraam.

[@paulnyagini]

Miss consept. Gambling is not bad because everything is gambling. Gambling becomes a sin when you are a worshiper of god of good luck. When you start to depend on luck for success. One of reasons why normal gambling was not allowed is because will destroy your finances and you stand zero chance. But if you become a professional gambler is still evil because in reality is like you are stealing money. (You understand the concept of value bet better than others which puts you at advantageous spot) all in all is pure abitrage.

[@sundharkumar1]

please make a video on indicators that you use as extra confirmations to trade the stock apart from news

[@countryboy86]

What platform do you use when you trade thanks

[@udaymitra537]

Sir , if I am using a multi timeframe strategy to trade , and my edge is observing a 15 min bullish candle for entering at 1 min swing low, can you please tell me what should be the exact stop..1)the 15M candle low(that I am using for entering) or 2) The 1 hr structure point on the basis of which I am considering the 15M candle as my entry?

[@arpitapatel2347]

I was just thinking of developing an edge by watching your interview with first thing thrust .......and how can i do that .....what is the proper way ....and this video uploaded ....thank you universe ......thank you sir ....this videos means alot to me

[@topwinner01]

Thanks for your free course it’s been awesome in accelerating my training!!

[@yato5595]

Involio app is real or fake please explain to be 🙏🙏🙏🙏

[@jayantilal6974]

Do you used funded account for your success or you used only your money

[@SANDEBRO]

Bro I’m in Dubai and I want to learn trading I work here as a graphic designer but I want to work as a full time trader. Tell me what are the essential things I need to do ??

[@MacedonainPro]

Hey Umar, can you do a video on how to build confidence as a trader

[@SMarC349]

ict

[@Saoud84]

Could you please make a video about strategies/paterns that you look for when trading something like crypto. Like what kind of patterns you look for besids the footprint chart/dom. Like, what triggers you into something like 'OH! We git someting here... Could you make a real in depth widow about that? And what kind of books could you recommend to people who whats to start daytrading? THANKS!! you're helping me a lot understanding daytrading🙏🏽

[@10di_livefree]

This is absolutely correct… yes you need both but I’d say learn your way around the markets first by understanding how to trade and having a process and when when your able to execute then psychology comes in.