10 Reasons Why You're NOT Making Money Day Trading (2024)

#trading #stockmarket #daytrading
I breakdown 10 reasons why you're unprofitable as a day trader and what you should do to make money trading.
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Chapters
0:00 Intro
0:16 No base education
2:07 No real edge
3:46 Strategy hopping
5:29 No discipline, no patience
8:14 Tight time horizon
9:59 Not tracking their trades
12:12 Understanding their trading psychology
14:15 Having unrealistic expectations
16:28 Don’t know how to lose
20:27 No risk management
DISCLAIMER I am not a financial advisor and anything that I say on this KZbin 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

[@UmarAshraf28]

I will make a video soon on how I track and journal my trades using www.TradeZella.com

[@RaviSharma-wq8ik]

Yes..please make a video on this topic. it is the most needed thing for us..

[@moe_rs8399]

Yes please that would be very helpful

[@kelibj3460]

need more info on tracking trades

[@snuftv3698]

yes please, i need that . thank you so much

[@amineabdallah6649]

Yes do bro thanks

[@momoney4171]

1. Risk Management 2.A+ Setup when and Edge is presented 3. Discipline 4. Patience I have a problem with psychology discipline and being patient sometimes. I also have a problem with waking up early because of the job I have but overall I will overcome the obstacles sooner then I expect

[@dog24]

same here 😔

[@ishaquekc9393]

Same

[@spottylofi]

I've been trading for almost a year now. Last month, I finally had a profitable month. This month too, until i got greedy and lost everything (again). This video is just what I needed. Thank you.

[@azharhassenamod8396]

This is the same problem i have. So each day i have a min amount set that if i lose this amount i stop. So as long as most days are profitable in a month....the days where i lose dont matter at the end of the month

[@UmarAshraf28]

You’re welcome!

[@Roaster-Note]

Same

[@dmctechgamerz6565]

same here

[@simbaevans.3301]

The fact that you had a profitable month is a clear indicator that you have potential to progress. Let's follow the advice of Umar and we will be consistently profitable

[@nicolasbenson009]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[@RaymondKeen.]

In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

[@RaymondKeen.]

I encountered Margaret Johnson Arndt through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.

[@anythinggoodproducts]

You will die of hunger ...

[@alfreduludo384]

I would look into money market funds

[@uniqueavi91]

Umar literally spoon feeding the knowledge guys, don't disappoint him!

[@the4thperson_]

​@@TONI__KROOS try to be profitable for the 1st month the profit amount doesn’t matter...

[@user-lt3bn5px1s]

thats true innit

[@josephpalakeel9104]

The real 🐐...all Umar cares about is creating success for everyone through simple but incredibly real education.

[@lilytea3]

0:00: 📚 Traders struggle to make money due to a lack of understanding and experience in the market. 3:29: 📈 Consistency in trade execution and strategy hopping are key factors in achieving profitability in trading. 6:58: 💡 Develop discipline and patience in all aspects of your life to improve trading skills. 10:18: 💼 Tracking trades and analyzing metrics is crucial for evolving as a trader. 13:42: 💡 Trading psychology is crucial for success in trading, and tracking trades and emotions can help identify and address mental and psychological issues. 16:50: 💡 The key to successful trading is being able to accept and manage losses. 20:32: 💰 Traders need to focus on risk management to be profitable. Recap by Tammy AI

[@Javier_02906]

Thanks for the recap!

[@wibes25]

Excellent webinar in my whole entire life ! I have attended many webinar but no one talk about risk management,money management,how to become discipline. Hatts off you sir ! ♥️

[@liamlyall178]

Please keep these videos coming! Loving these and they are so helpful for me and I'm sure many others.

[@UmarAshraf28]

Hopefully you guys found value from this video. Give It a thumbs up + subscribe! Also let me know what issues you guys go through as traders!

[@alechamid235]

I always find value in your videos. Keep them coming bro, and thanks.

[@jonnatanpeinado3316]

Yes brother keep it up!, I’m learning a lot from you. Please make your next video on how to journal your trades.

[@muhammadrizwan6629]

Of course it very helpful sir. Please sir give any clue to find valuable mentor. Please 🙏

[@plutz3]

I need to journal but the issue is the cost of the software to track. It's a catch 22. To journal and analyze costs money, money a starting trader does not have. Maybe a video or process on starting Journaling. I would give anything to be profitable enough to afford your software.

[@yuri0932]

Love the message❤ someday i will be profitable trader too!😊

[@tradinglife948]

Dear Ashraf sir im a beginner day trader of indian market i trade in options i really found your channel very helpfull and u are a person on youtube who is not forcing us to buy there course and the way u talk u talk with sense and point wise highly appriciate i wish one day we will play with our lambo together .... ameeen

[@jorgeteixeira1922]

I discovered you only a short time ago, and I think you do a remarkable job, clear, precise, very understandable and very honest. Well done and thank you. If you could make a video explaining how we should follow our trades, that would be really useful. I look forward to your next videos.

[@wdemauro1]

So much good advice in this video! Thank you for putting this out there. The risk management segment at the end was especially helpful

[@rudyrivero2268]

These topics should be the first lesson as a trader to take. Appreciate it Umar!

[@luisgaurano8828]

My biggest problem is I get stopped out; then I place another going the opposite way, but it goes to my original startegy and it worked but I flipped flop. This is my biggest problem; plus, another is NOT doing risk management. Your points here are all very helpful. I subscribed and I like beucase what you thought here is right-on the mark. tnx again

[@nova01289]

Speaking truth about trading, i am becoming profitable now and that is only possible after i removed all the indicators and focused on journal and priceaction and my mistakes, Thnx bro .

[@gummy8034]

This guy is the goat and my difficulty is letting my trades run I cut profits to early

[@luhanstrydom6786]

Love the information you share for free here. Helps me a lot.

[@vultur311]

One of best, honest video on internet about trading. Tell it like it is.

[@hamidajdari3964]

Worth watching multiple times. Very helpful articulated points. Thanks for sharing

[@ishanphd6690]

I have been trading for years, have some success doing it. have been watching you for long. You are the most honest person talking from your heart. great advice. 🤘

[@henryglory6158]

BEST video of the year. point blank period. explanation couldnt be done any better💯💯💯💯

[@abdulsisiwa8301]

My biggest handicap so far is not accepting and respecting my SL. I let losses run, in the hope that eventually it will turn around and go favorably in my direction. To compound the issue, I mainly trade options with 0DTE, and theta is never my friend in such scenarios.

[@zerovalue5106]

Yah thats the thing about those 0dte, if the trade take more than 10-20 mins theta takes a lot of it.

[@Officialumar010]

Get intouch 🎉🎉🎉

[@karanhartim1080]

From then been following ,your content, and taking notes

[@otoobongjohn933]

I'll appreciate the idea of you making a video on proper trade tracking and journalling

[@Thejackel1]

I've been in the trading world for about two years, and yes... I've lost money. But I've learned so much about myself during my losses. Definitely the best teacher. Now I've kept it very very simple. Swing trading. MACD, volume and EMA. Always look at last few day, weeks and months for lows and highs. My strategy is buy low always in red , and DCA if it goes lower, and sell in the green. I have my top ten that I trade only. With 2 potentials that I watch for weeks before I do any rotation from my top ten. Then patience. I could go into 2-3 trades and wait for even 2 weeks before profits. And that's OK. So from this video I say, Get to know yourself, set your goals realistically. Watch the charts and day trading for weeks and months to understand what youre looking at, place practice trades .And take your time.

[@mandeepdalip]

Amazing video Umar. Great stuff. Please go make a video and share about journaling, tracking trades and what all things are important metrics to measure

[@Jaysnipes]

This is a great video. I fall into that trader that doesn't know how to lose & lack of risk management. I made 2k in a week. All green that week into next Monday. Then, came that Tuesday I got 1 bad trade. Could of cut my loss, but I hoped it would fix itself. Only to give all my gains for the entire last week back. Mortifying. 😷 You're right about working on a system to prevent that. I'm thinking cutting trades that show immediate signs of weakness on the set up & not looking back.

[@agronkasolli1259]

I think every video you making it seem to me it’s more an education than just e video ,much appreciated, thank you U..

[@Iam-BruceLee]

Spot on Umar! Loving the content. Two things I battled with early on was as you said, not cutting the trade at my mental stop and letting hopium take over leading to more of a loss majority of the time and the one that always bit me was going back in for another trade which almost always resulted in giving the days profit right back. Learning to take my profit and walk away for the day was key.

[@Riggsnic_co]

Interesting , the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio> I'm seeking advice on the best strategy to capitalize on this current bear market.

[@kevinmarten]

Investing in stocks can be a wise decision, especially if you have a reliable trading system that can lead you to fruitful days of success.

[@usieey]

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.

[@audeywolsh]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@usieey]

Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

[@audeywolsh]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@ElMonstruoJr]

Such great information once again. Thank you Umar, ill see you at the top.

[@carl-auguststaud8839]

Thanks Umar so much for your professional advice. So true !!! 🙏👍🙂

[@khulekanithela7207]

Thank you broe, your content is equipping us so amazingly. From 🇿🇦 South Africa.❤

[@okebasi12]

overtrading which is caused by focusing on target instead of focusing on continuous improvement{which i"m learning from you recently}. You see my attention has been on strategies all these years. i now know that the strategy is not the major problem. Trading psychology{which involves personality improvement and personal discipline not only in the market is absolutely important}, and then managing the lot size. Even with an average strategy I think when the above is put to their place someone can still break even. But, please i personally need a complete tutorial on option sir. I truly appreciate you. I have just seen everything i need to improve my trades. Thanks a lot sir

[@MarkyBretzy]

Yes please Umar a video on trade tracking and journaling would be amazing

[@grigorsimonyan8784]

Great info Umar. Very good job.

[@callipto]

There are so many tradzy peeps on YT that like the sound of their own voice, haven't got anything to say or are just not good at presenting clearly. Finally someone who's great at all of the above. I'm impressed ngl.

[@alenrayen1028]

Wonderful lessons!👏👏Thanks Umar!

[@saiddurra2944]

God bless you for your fabulous videos- you are the real deal when it comes to being a trader and mentor. I relate to all your video - your the most genuine person on social media giving trading advise

[@ranjanp.n.8497]

No doubt... The BEST TRADING ADVICE i have seen my whole life

[@adityarajbhar7730]

Discipline in personal life ..Awakening points for me..The most important points.Thanks!

[@itsme8475]

You are amazing Man! I have seen lots of "trading advice films" but this is "life tutorial" not only trading! Thank you.

[@user-cn3tf9hm5n]

Making money is not the same as keeping it, there is a reason why investment aren't well thought in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. Well at least my advisor does lol😄

[@mariahkovi]

Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in.

[@Officialumar010]

Get intouch 🎉🎉🎉

[@piercoucy]

After watching so many videos about trading in KZbin, finally something that makes sense. Not that I believe anything that I hear, but these are simple and yet important truths.

[@adrianbadorrey]

i started looking Umar content not too long ago thanks to one of my trading mentors (waqar) and im loving all this content you are making Umar, thanks a lot. I would love to see a video about tracking and journaling

[@robertoescobar7898]

Thanks for te education Umar!

[@RakeshKumar-fm9cr]

Top notch content ! Thanks man

[@ahnafthaqeef4316]

Loving those tips, well said brother.

[@LeadingWrenLovely]

Absolutely fantastic advice. These words of wisdom are now in my Trading Plan and I spent a couple of hours on this video to properly understand this. Thanks Umar :)

[@MarketsProtocol-wx6eg]

I have an important business update for you.

[@Officialumar010]

Get intouch 🎉🎉🎉

[@anilpanwad]

How organised way of describing Yes sir u are correct Trading is knowing urself better

[@Dubai-wj6jb]

One of the best trading advice video, so informative...❤❤❤

[@ralfklijzing33]

Very useful video! Thanks Umar 😀👍

[@VivekKumar-mh1kh]

Amazing video, brother! Thank you so much for all the knowledge! ❤

[@alexorozco2041]

keep the videos coming bro thank you.

[@proCreationSound]

Valueable experienced stuff! 💎Thank you. 🙏🏻

[@prarthanatamilselvan7109]

This video helped me a lot sir .... No one ever shares briefly sir ... Everyone is teaching strategies ... But this video only enough to become a profitable trader🙏

[@sm-ye9sb]

Thank you, your a good man every trader needs help what ever there experience considering the market is always changing.

[@250milliondman]

I appreciate how honest you are thank you for sharing your knowledge with us.

[@pjchoudary]

Excellent video Umar 🙏

[@AkshitBenara]

THE BEST VIDEO ON INTERNET… THANKS FOR SHARING YOUR EXPERIENCE UMAR❤… IT’S REALLY REALLY HELPFUL 😊

[@rob2530]

Thank you. Really great advice. 🤝😊

[@hahuynh3653]

Thank you for your teaching 🙏

[@blackdiamondoffthegrid8703]

Well! You hit all the important point of a successful trader should do! Thanks for sharing!

[@crh_55]

💯 as usual. Excellent video.

[@rorinotengo173]

Gold! A video on tracking and analyzing trades would be great!

[@Medina6767]

Thank you for hitting everything on the nail! I struggled with all! You have help me tremendously! ❤🙏🏾

[@jarepondio]

Awesome content ! Loved it

[@mrz007]

It will be awesome for you to share with us how you track your data and journal, nobody really ever made an in depth video, like steo by step from the moment you place the trade on your platform, to the actual logging of it

[@streettacos7959]

Yes please make a video of how to track the trades! This video is one of the best ones man! Thank you

[@rogerover72]

Trully good advice...! We as people carry our own " troubles " to the table and it reflects on trades...! All happy to win, very sour to lose...! Your advice its been helping me a lot on how to deal with my trades...! Im not longer upset when i lose and im not excited when i win...! By eatching your 10000000 videos i became a better person...! You transmite that inner peace by way you talk and express yourself, so thank you...! since i started i learnt so much about myself...!

[@labzakdxb28]

Love your content 👍🏾👌🏽

[@bballah9969]

Excellent video my friend thank you kindly 👍🏼

[@chrisesparza5584]

Great video man!

[@coulibalykakparidjogni4397]

Thanks a lot! Great content

[@benphan772]

Thanks for your knowledge and time !!!

[@istiaqueahmed8484]

These are the most important matters in trading that almost no one talks about. Everyone wants to show how easy is it is. Highly appreciate what you are doing. keep up the good work.

[@Officialumar010]

Get intouch 🎉🎉🎉

[@santanudutta454]

Cool pep talks, it helped me a lot in controlling my emotions. Thanks.

[@abdussalamahmed8748]

OUTSTANDING, EVERY ASPECT IS COVERED SO ELABORATELY.

[@lalale8869]

Love your videos. Thanks

[@MohamedNagy-ke9ef]

Thanks umar for such informative video and for sharing your trading wisdom insights with us.

[@MrPotatoHeadFX]

Yes, please man. Could you make a video about journaling and tracking. Awesome videos man. Thank you

[@deanwilliams718]

Good material m8 thankyou !!

[@keithwilliams942]

Good stuff Umar !

[@andersonsantiago4100]

Dude, your teaching is awesome!!!

[@ferrisabrams5357]

This for sure gave me a complete different outlook on how I viewed trading.. I appreciate this video so much.. Thank you for this

[@BukrisNv]

Great video for traders thank you

[@chandrashekharahire4798]

Thank you very much for sharing Sir

[@Jake-xe9kt]

Excellent advice. Thank you for all your teaching and help! God bless you. Jake

[@minarajabali2598]

Yes please help with tracking and journaling 🙏 thank you for all your doing

[@eidatiyeh7952]

these videos you have been posting lately are amazing

[@TheOutlierMale]

I've seen you up your videos quality recently and I grinded through your vids cuz they are helpful, your hard work has paid off man

[@bwbfxfinance]

Thanks man. Am getting there slowly. Yesterday i had to refrain myself entering a very massive trade coz it didn't fit my strategy and plan much as i was right it was bullish but that showed that am getting control on my emotions

[@kasunsamarasinghe6552]

Always best advice ❤.

[@simbaevans.3301]

Thanks. This is really helpful to me .I appreciate it

[@Arjun.Trades]

This was such an insightful video. So much value. I’m having two bad months and I’m feeling it honestly

[@Officialumar010]

Get intouch 🎉🎉🎉

[@simonhuber6859]

Another piece of complete value!

[@dmctechgamerz6565]

I think most things that you've mentioned hit me hard:)..I am a new subscriber and you are an eye-opener. Thanks bro

[@aka_akd007]

11:17 Yes , make a Video on tracking and journaling the trade .

[@anshdoshi10]

extremely well-spoken comments on trading, keep it up, Umar!