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

@pythonchin779

3 ай бұрын

Definitely

@WeActUpp

3 ай бұрын

yes!

@flashlightradiotv

3 ай бұрын

Yes

@shayneduncan6600

3 ай бұрын

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

@larrycheak2133

3 ай бұрын

Yes

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

@scorpioindigo1345

3 ай бұрын

best comment on this post 💯💯💯💯

@valuetainer3437

Ай бұрын

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

Ай бұрын

@@scorpioindigo1345 thanks mate

"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."

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

Extremely grateful for your ability to teach in such simplicity. Grateful for your channel !

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

7 күн бұрын

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

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

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

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

3 ай бұрын

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.

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.

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

This really make sense. You're always my Inspiration.

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

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

Great info! Conquering the emotions💯

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!

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

3 ай бұрын

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

3 ай бұрын

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

@nnconfomiststoic7346

2 ай бұрын

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

@paulnyagini

2 ай бұрын

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

Top video. Sounds quality was a bit off for some reason though. hope you fix it. not major thought bcz content is always king!

Dude, that is so good! Clarity is a superpower

The sequence is beautifully explained brother 🖤

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

Thank you for this. This was perfect. Never thought of it like that.

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

Thank you Sensei, this video was exactly what I needed today. You are always such an inspiration, and greatly appreciated!

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

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

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.

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.

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.

@johnevans445

2 ай бұрын

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

@Austin195

2 ай бұрын

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

@KingBaldwin715

2 ай бұрын

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

@travisobrien09

2 ай бұрын

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

@stevenrice500

2 ай бұрын

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

Great lesson Sir.. You describe basic point to making edge

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)

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

what an eye opener

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

Exactly what I was looking for. Thanks for sharing

Great insight, one of your best if not the best.

100% bro. Very insightful video. Edge first and then psychology.

Thank you very much boss. Great insight.

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

Futures trader here - When you backtest, do you have a program that inputs all the parameters and just like...highlights them? Like ctrl F. Or do you manually scroll and find each setup 1 by 1? Trying to get my shit togethet and thats one backtesting question im working through

Perfect video. Thank you ✍️😉🙏

Incredible insight!! What a maturity at such a young age .. you are doing tremendous good to the world of trading

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

Really good take on how it works.

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

what program do you use to stream what you are writing on pen/paper onto the video like this? Is it a special tech pen/pad?

Blcktken300 is the embodiment of crypto euphoria! 🌟

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.

@scorpioindigo1345

3 ай бұрын

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

@godsoracle1212

3 ай бұрын

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.

@scorpioindigo1345

3 ай бұрын

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

Brilliant video. Thank you very much for it 👏🏼

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.

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?

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.

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?

Thank you Umar, completely right!!!

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.

Thank you,extremely valuable video.

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!

great to hear and though im new I completely understand one way i look at is once you have a car you have to learn how to drive and drive well, before you decide that driving just isnt for you... to become emotional prior to becoming good at ANY skill... thats Life. and learning takes time, its the idea of being able to make money. The potential to make money opens up a whole new avenue of emotional hurdles.

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.

When will you come out with a trading course?

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

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

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.

@camela8445

2 ай бұрын

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

2 ай бұрын

Like Carl Jason Cohen

thank you so much teaching us this today, I managed to find the missing piece I need in this video *huggs*

The trading world needs your mentorship!

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.

This is the video I needed thanks bro❤

Make sense. Excellent topics

very very very well said! thank you

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.

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😂😂😂😂😂

Hey Umar, what would you consider to be a realistic annual returns? something like 24% ?

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…

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.

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

Beautiful content!!

Great video, Loving your content ....

Amazing tutorial! Bravo 👏 👏 👏

You the man brother!

For how much time you forward test a strategy for?

Thanks for knowledge ❤ Love from India

"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."

yo which app is most userfriendly for forex in pakistan i am beginner with low investment

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 😢

Solid advice.

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

3 ай бұрын

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

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 ❤️

Need more about this.

What trading platform or app do you use to place your trades? Thank you.

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

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🙏🏽

All facts brother ❤

Thanks for sharing

YOU SIR ARE A G. Thank you 🙏

Good one! Thank you

*Excellent content! I really do have a question. For someone with less than $10,000 to trade, How would you recommend we enter into trading as a newbie? I am looking at trading with professional trader and copying their strategies rather than trading myself and losing money emotionally. I would greatly appreciate any suggestions.*

@Amelia94411

3 ай бұрын

Wow!!! I'm a beginner where can someone reach Mr Morris.

@ChangChao454

3 ай бұрын

Wow!!! I'm not shocked that Mr Morris name was mentioned and recommended. I learn and earn through he's analysis. Which speaks volumes about him. I wonder if he trade with magic power. 48k made last week.

@PhilipWood-eo6fn

3 ай бұрын

I'm a newbie in trading, but I'll linking up to your coach. This is useful info❤️♥️♥️

@Vktradesimb

Ай бұрын

Instead of 10,000$ bring that down to 1000$ in the meanwhile understand how markets work and start taking the heat of the markets by maybe buying stocks worth 100-300$ this will help you in understanding the schematics and mechanism

@Vktradesimb

Ай бұрын

Avoid copying trades, once you understand the mechanism you will start to like the process and develop more confidence as well

This is the summary about everything you need to be profitable i swear 😢 🙏🙏🙏🙏❤

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

3 ай бұрын

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.

@nnconfomiststoic7346

2 ай бұрын

​​​​​@@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

@nnconfomiststoic7346

2 ай бұрын

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

Thanks Umar !

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.