Day Trade Like a Casino to Make Money | Step by Step Breakdown
#daytrading #casino #stockmarket
Learn how to trade like a casino to become a profitable trader!
I use TradeZella to track and journal my trades.
www.tradezella.com/?via=umar
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
Chapters:
0:00 Intro
0:48 How does a Casino operate?
2:44 Trade like a Casino
3:41 Trading with an Edge
4:52 Risk Management
7:21 Managing Emotions
8:56 Summary
DISCLAIMER I am not a financial advisor and anything that I say on this KZread 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
Пікірлер: 412
If you enjoyed this video, consider subscribing! I’m on a mission to share everything I’ve learnt from my 10+ years as a trader in the financial markets. Share this video with a friend that you think can receive value from learning to trade and make money like a casino. 💰 Comment below and I’ll answer any questions.
@mdsadiqulpramanik926
11 ай бұрын
Sir my money has been killed by a scamer please help me that was my mom's money if mom finds out mom will die sir 300 dollars I am a student how can I manage it
@Courber99
11 ай бұрын
@@mdsadiqulpramanik926 you will go through it, be honest with your mum and bet on yourself by learning and pushing forward...😌 you got this..
@tosinadekoya601
11 ай бұрын
Will be expecting your video where you go into details about creating an edge ✨️. Thanks for your videos
@mdsadiqulpramanik926
11 ай бұрын
@@Courber99 plzz help mee plzz
@munaroba6527
11 ай бұрын
Thanks alot for your life trading lessons, and tradezella. Could also maybe have good ideas on some of the brokers to consider to try especially when trading forex and most importantly I can access it from Africa( Kenya)
Edge + RM= consistency 💠
@TH-cq7bj
11 ай бұрын
@PixelPursuit11omg how?!?!!!??????????😮😮😮😮
@kueyt2744
11 ай бұрын
What is RM?
@bhanukansal925
11 ай бұрын
@@kueyt2744Risk management
@user-fc3py6mm8z
Ай бұрын
Does this so called muslim know that gambling is haram?
I found about this from Mark Douglas's mantal toughest Seminar
This is so similar to Sports Betting too! Literally have the same Risk Management in place and just aim to be 60% correct in a season/ year. Trading is just so much more money I find interims of profitability, and success rates however.
@kurts6741
11 ай бұрын
Very few people win 60% of sports betting consistently when they bet too often. I make only around 20 NFL and college football bets per year when I used to do more I would lose my edge and money.
So clear! I used to focus on so much useless knowledge. This is essentially the components I figured out over time!
Thank you Umar Ashraf brother. You are inspiration FOR us to become Pro trader. Noted some key points. 1) Have an Edge, 2) Risk management 3) Control your emotion😍😘
@UmarAshraf28
11 ай бұрын
Spot on!
@DarthTrader707
11 ай бұрын
@@UmarAshraf28 Be a man and give props to the real expert that came up with this idea, whose video you basically stole, you rip off artist.
@robi2433
11 ай бұрын
Strongly agreed Umar is amazing he even explains and make things like so much easier to understand more than a lot of good and random teachers out there
Breaking it down to the easiest way possible...thank you
@UmarAshraf28
11 ай бұрын
Glad it helped!
The only KZread video that changed my perspective to trading. Thank you from the bottom of my heart 🙌🏼🙏🏽🙏🏽
I’m gone keep it simple “You’re changing lives”!!
"Your risk management becomes larger, it destroys your system of keeping the risk in the certain range for your system to work" amazing concept
@UmarAshraf28
11 ай бұрын
🙌🙌
I HAVE BEEN FOLLOWING UMAR SINCE 2019 !!!! this man literally changed my life ❤️
This is a pretty good analogy! And I’d say you could take it a step further and say that each strategy is like a different game at the casino. Each table has a different risk tolerance, whether it’s roulette or blackjack or craps. One could be $1k, $2k or $4k. Personally I have 2 strategies that I use. One is more probable to be profitable (but less likely to occur) than the other and my risk tolerance is high so I use 3% on that one and 1% on the other. It’s a different game so my edge is better.
God bless you for sharing such content with us... I'm glad i find you on KZread ❤😊
The best core concept of trading ever get on the internet thank you brother 🙏🏽🙏🏽
Always speaking the reality of trading. and how to become consistent. Thankyou for everything you doing bro.
This was one of the best videos I’ve seen yet. Awesome job
@UmarAshraf28
11 ай бұрын
Wow, thanks! I really appreciate that!
We are on the same journey as you were brother. Prayers to you and your endeavours
Damn synchronicity is crazy I was searching for Mark Douglas version of trading like a casino and my boy Umar got the updated version
Best video on probability I've ever seen and is vital for every trader to understand
@UmarAshraf28
11 ай бұрын
I appreciate that! 🙏
This is exactly what I’ve created over the past week on holiday, I knew I was going wrong with risk management even as my method had an edge. Slow growth would be matched with a small decline. Those with rapid growth accounts can lose it too.
Words of wisdom .. this advice is extremely valuable . Thank you and keep up the good work
@UmarAshraf28
11 ай бұрын
Thank you! Will do!
was waiting for your new video brotha, making notes now :)
@UmarAshraf28
11 ай бұрын
Thank you for your constant support Saurav!
Excellent video as always! Thank you so much Umar!
@UmarAshraf28
11 ай бұрын
Thank you for the constant support 🎉
Such an organized video . Sauce everywhere 💎
@UmarAshraf28
11 ай бұрын
I appreciate you for that!
honestly this is all i needed i did know how to form a solid strategy thanks man.
@UmarAshraf28
11 ай бұрын
You’re welcome! 🔥
Thank you so much. This video gave me a wider fever pitch.
GOOD CONTENT !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way. Business and investment are the best way to make money even under the nose off
I love these videos!!! Keep them coming!
@UmarAshraf28
11 ай бұрын
Absolutely will do! 🔥
Brilliant advice thankyou..
Great stuff, keep it coming!
@UmarAshraf28
11 ай бұрын
Thanks, will do!
Awesome this really helped me alot to improve my risk management game
Great video man, helps a lot, thz for your guidance and all the knowledge you share 🙏🏻
@UmarAshraf28
11 ай бұрын
👏🔥
Thank you very much Mr Ashraf. Your knowledge is of great assistance!
@UmarAshraf28
11 ай бұрын
👌🔥
This is value. Well Done friend
simple short and clear as always bro💪🥂❤🥳
@UmarAshraf28
11 ай бұрын
I appreciate that!
This is one of the best trading mindset and strategy video I have seen to date. Thanks Umar! Keep it up bro
@UmarAshraf28
11 ай бұрын
Thank you!
Thanks, Umar! Great lessons...looking forward to more.
@UmarAshraf28
11 ай бұрын
Plenty more coming soon!
Good job explaining. I definitely learned something new ❤
@UmarAshraf28
11 ай бұрын
I'm glad!
Very informative plus i love the music in the backgroud. It puts me in the zone to focus on the information/video
Nice video, thank you. well explained the concepts I also found in the book “Trading in the zone”
@UmarAshraf28
11 ай бұрын
I’m glad you liked it!
Thank You!
hope to see more vids in the future Umar! always appreciate the content and help
@UmarAshraf28
11 ай бұрын
Thank you! More to come 🙌🔥
This is the No 1 videos from your all videos.. 5 star ✨ for this videos man.. I just love to keep learning new things .. such a valuable information. Thank you bro ❤ from BD 🇧🇩
@UmarAshraf28
11 ай бұрын
Thank you!
love it as a future trader risk management is very important
@UmarAshraf28
11 ай бұрын
You said it right!
One of the best video. Thank you for all the amazing content. Can you please make a video on how to develop an edge?
Big content my friend. Keep it up!!
@UmarAshraf28
11 ай бұрын
I appreciate the support! 🙏
thank you this video is exaclty what I needed
@UmarAshraf28
11 ай бұрын
Glad it helped!
Great video one of the best break downs ever 🎉
@UmarAshraf28
11 ай бұрын
Appreciate it!
What a interesting and helpful video. Thanks I really appreciate it. I learn from you. :) Happy 4th
@UmarAshraf28
11 ай бұрын
Glad it was helpful!
Awesome, thanks
Thank you for sharing valuable information ❤.. looking forward for more videos😊..
@UmarAshraf28
11 ай бұрын
I’m glad you liked the content! Plenty more coming soon 👏🔥
I always appreciate your insight especially when I havent been doing as well and feel like it might be me or my strategy affecting my trading🙏
@UmarAshraf28
11 ай бұрын
I’m glad! 🙏🔥
Thank you bro for this master piece
learning a lot from your videos keep it up for us
@UmarAshraf28
11 ай бұрын
I'm glad you like it! Can you share with me what content has been the most valuable to you so far?
keep them coming!
@UmarAshraf28
11 ай бұрын
Definitely!
I respect Umar Ashraf as a person. He accepts the source of the content. This is a good way to teach people. The knowledge in this video is a gem. There are people who copy contenta and do not accept it. But Umar is a real person and a real trader. Hope to see you someday when my trading will reach to your level.
@UmarAshraf28
11 ай бұрын
🙏🔥
Thank you very much for these valuable information
@UmarAshraf28
11 ай бұрын
Glad it was helpful!
Thanks a lot for this insightful video.
@UmarAshraf28
11 ай бұрын
You're welcome! I would love to hear from you if you have any ideas for future videos?
Thank you!
Thank you for your amazing content
@UmarAshraf28
11 ай бұрын
Glad you enjoy it!
Very valuable information Thank you for the video sir
Very good, thank you!
@UmarAshraf28
11 ай бұрын
Glad you liked it!
You helped me a lot Thank you sir
@UmarAshraf28
11 ай бұрын
I’m glad the content is helping you!
Great video... congrats!
@UmarAshraf28
11 ай бұрын
Glad you liked it!
Nice video thx!
@UmarAshraf28
11 ай бұрын
You’re welcome!
Great video man 👍
@UmarAshraf28
11 ай бұрын
Appreciate it!
I wanna thanks myself for finding your vedio,having interest on your videos and subscribe.. thanks umar....Brother from Saudi arabia.
@UmarAshraf28
11 ай бұрын
Thank you!
THIS WAS BEAUTIFUL
@UmarAshraf28
11 ай бұрын
🙏🔥
Great info. Take my sub.
Great value video
@UmarAshraf28
11 ай бұрын
Glad it was helpful!
oh yeah bro this fireeee
thank you brother❤
thats what Marc Douglas teaches in Trading in the Zone. Excellent
@UmarAshraf28
11 ай бұрын
Spot on! What's your best takeaways from that book?
@bosslic_
11 ай бұрын
@@UmarAshraf28 to think in probabilities! changed a lot
Makes alot of sense
The title of this video really attracted me
@UmarAshraf28
11 ай бұрын
👌🔥
Umar u r the best. I really dont know Too much about edge .
@UmarAshraf28
11 ай бұрын
It’s worth studying about!
@dawoodalipoor9885
11 ай бұрын
So can u make a video about edge pleas
Watching from UAE Love you bro❤❤❤
@UmarAshraf28
11 ай бұрын
Thank you so much 😀
Right on. Basically I can loss 2/3 of my trades and I’ll still be profitable.
This video literally opened my eye , I've been struggling to become profitable 📈 I'm a good talented trader and a future millionaire , my profits been good and big but also I've had more than enough losses so I've been in a range or sideways chart in my trading accounts
FIRST! THANK you so much from Portugal.
@UmarAshraf28
11 ай бұрын
Hello Rafael! Sending good wishes to you.
@rafaelmarques5118
11 ай бұрын
@@UmarAshraf28 ohh bro this video its gold, i stoped trading for 2 months, but im going back, im my last acount i lost 400 euros, because of risk management, when i traded small i woul win almost 80% of the trades then i got a greedy, and i lost in total 400. Man good lessons. Its part of the game hahahha.
@UmarAshraf28
11 ай бұрын
@@rafaelmarques5118 It’s all part of the game! Thank you for the insight Rafael!
Very refreshing to see a trading influencer that isn't a bullshit artist
I learned a lot of you like create a gameplan is improve my trading🙏🙏
@UmarAshraf28
11 ай бұрын
Thank you for the support Anmol!
I'm a beginner in trading I'm still learning... Haven't took a trade with real money yet... But man what you said about emotions is so true.. I get frustrated even with a demo account 😅.. Love the content thanks man ❤
@Sihle_3
11 ай бұрын
you gonna die with a real account
@reyAlpha936
11 ай бұрын
@@Sihle_3 🤣 i hope not
@Kumire.
11 ай бұрын
Real account will test everything about you, your.. patience, strength, weakness,...
Hi Umar, could you please make a video explaining why you decided to transition to Futures trading even though you've made a lot of money trading options?
PLEASE make videos with details of what your opinion on a “edge” is and if you don’t mind a strategy u may feel like sharing since u have been successful. I remember you saying something in another video about a gap up strategy you have used , waiting for a pull back or something, but a bit more than just advice on emotions or risk management. It would be nice to get something very simple and an actual tip that could be applied more tangible. I appreciate all ur videos bro
@UmarAshraf28
11 ай бұрын
Thank you for your constant support! I’ve noted what you have mentioned 🙏
@chrisbruce5533
11 ай бұрын
@@UmarAshraf28 🙏
@valueinvestmentfan6552
11 ай бұрын
@@UmarAshraf28Hey Umar could you also share how to read/ understand order-flows. I noticed in one of your shorts, you mentioned understanding orderflows as being important.
@jonathanbalkaran1128
11 ай бұрын
It's your job to find your edge. It's not that difficult when you actually put in the work. Why should he share his with you? Nobody will. The edge is just one component of trading.
Thank you 😊
@UmarAshraf28
11 ай бұрын
You're welcome Nilesh! 🙏
Great Great Great Content !!
@UmarAshraf28
11 ай бұрын
👏👏🔥
Thanks
Thank you.
@UmarAshraf28
11 ай бұрын
You're welcome!
Spot on
@UmarAshraf28
11 ай бұрын
🙌🔥
Thank you so much sir❤
Great great video
@UmarAshraf28
11 ай бұрын
Thank you!
1_Find a good edge and 2_Risk management are the guarantee of long term 💯 success. ❤
@UmarAshraf28
11 ай бұрын
That’s right!
Umar, please make a video explaining how to identify volume
Thank you
@UmarAshraf28
11 ай бұрын
You're welcome!
Really knowledgeable
@UmarAshraf28
11 ай бұрын
🙏
I started following your channel yesterday, you are so unique, i really admire your knowledge sir🙏 unfortunately, im finding it so hard to stick to risk management, i just need this money, and im also finds it so hard to controls my mood whenever im loosing, once i lose up to 3 trades, i always lose control
@UmarAshraf28
11 ай бұрын
Pick up this book called "The Disciplined Trader" by Mark Douglas.
@jpsamy_inthezone
11 ай бұрын
@@UmarAshraf28not OP, but thanks bro....❤❤❤
Very insightful video. I'm in the forex space but want to transition into the stock market field. How can one get access to your courses?
What is your opinion on hedging? Is it better than using stop losses?
Hello Umar.. Its been nearly more than 10 months since I started following you after your video on BOOMING BULLS. I really wanted to learn about your way of Risk management and style of trading. Of course I have already started adopting some. But would love to know the way you read the charts and your psychology behind understanding and Tading them.
@UmarAshraf28
11 ай бұрын
Thank you for being a part of the community Manoj! 🙏 I’ll be posting more videos about the topics you mentioned.