Agreed! Most people cannot trade, let alone be successful at it, because they're plain lazy!
@sanjayshah7776
6 ай бұрын
I'm twice this young man's age, but I view him as my mentor when it comes to all things trading
@AA_04
6 ай бұрын
You must be 55 something my friend
@bonifacekioko6320
6 ай бұрын
😂@@AA_04
@XX-do7nq
6 ай бұрын
What does work then? What is your edge?
@koladevincent8953
6 ай бұрын
What works bro? If your current edge have given you up to 80% win rate since the last 5yrs then I'll totally believe your opinion. I've seen many profitable traders using one or two indicators. I believe that any strategy can give you an edge if well refined and understood. Mastering trade psychology, risk and trade management supercedes coupled with a simple strategy can make you profitable over time
@moisemenser3663
6 ай бұрын
He never said you can't use indicators. They can help, but your strategy should only be based on that.
@AA_04
6 ай бұрын
And what indicators work while day trading?
@koladevincent8953
6 ай бұрын
@@AA_04 check out for volume or price action indicators; if you're a coder, tweak it until it becomes an edge, backtest and forward test, master it. You'll thank me later. This is a probability game, and you can't be always right. if you can study and master any tool in the market, it could give you an edge. And he's very right when he mentioned that people are lazy. They can't pay the price to master their tools.
@gallardorsq
6 ай бұрын
@@AA_04vwap, ema's
@dibull_trades
2 ай бұрын
80% over 5 years??? no one has that if they are making money.
@eddienunez8206
6 ай бұрын
I strongly agree , I hate seeing people posting up charts that look like a maze full of indicators .. keep it simple .. volume and price action
@cyberft
2 ай бұрын
Why are you hating on them? Your way isn’t the only way to make money in markets.
@kaamisama_jabrawala
6 ай бұрын
5yr PnL?? nothing works without tweak for 5yrs straight in this market.
@LRZ-M
6 ай бұрын
Exactly! You have to adapt to the market changes
@INDIANMAN-00023
6 ай бұрын
Sir please teach me. At least please reply what concepts should i focus on? 🙏🙏🙏🙏🙏 Please it will be a great help for me. ❤❤❤
@stevec1877
6 ай бұрын
I appreciate these takes, but they don't provide a solution. For example, if RSI and MACD don't work - what does? How does one acquire an edge? I think Umar is great (and I believe he is a profitable, wealthy trader), but these snippets tend to come across as just pontificating.
@xRedNationx
6 ай бұрын
You have an indicator. It’s the candlestick chart. Learn to read it and it alone.
@javiimc9012
5 ай бұрын
I disagree, I mean there are probably over 10 thousand indicators in the world, some made by brilliant coders. I don’t believe in a stand-alone indicator but if you mix and match some good indicators with good money management, you can get great results.
@cyberft
2 ай бұрын
💯
@davidobrien4426
6 ай бұрын
Not lazy just impatient, money moves from impatient hands to patient hands every time
@AdejosephFX
6 ай бұрын
I can listen to u all day bro Umar. Thanks for all u do for the community.
@nin19yt
6 ай бұрын
lol it does work a proper risk management says so your trades are no different indicators or no indicators you still have to risk because i promise you you dont know more than what volume does and thats what these indicators are based off of you just know where the higher probabilities are and that is still 50/50 price action isnt king without its queen managing the risk
@Anonyoussisbeke
3 ай бұрын
What's your p&l
@cyberft
2 ай бұрын
Risk management is the most important aspect of this game.
@NAZ043
6 ай бұрын
Every indicator tells you something. They are not signals when to trade. What is your strategy? How do you trade?
@price_action_labs
22 күн бұрын
😂
@lennimartinez1194
6 ай бұрын
Can you tell us what work ? According to your opinión?
@Trade1001
6 ай бұрын
Indicators just give you a different persective on price. Thats it. I can predict value of RSI on any chart. It came through practice. Now if you see me trade, you will feel I dont use any indicator. But I have a feel for it, it might not be on the charts, but I know its value with reasonable accuracy. So, use whatever indicator you would like to use. It will help in understanding price action.
@saadsaleem7874
6 ай бұрын
Please tell me the whole road map you went through please.
@BurnerFYT
4 ай бұрын
Ive been told trade naked charts, modern art lookin charts, ict vs volume etc. I use VWAP, 50/200MA, Cumulative Delta for indicators but I watch the tape like a hawk because thats whats worked and for me for the last two years. Trade your edge. Edging FTW
@edwinhunnet2666
25 күн бұрын
RSI definitely work dudes talking crazy
@Qopa
4 ай бұрын
From what I could tell, blindly following what everyone else is buying or selling via discord is probably one of the most risky thing you could be doing. Not to say that all of them are pure scam but it's really hard to find like the "best" ones. Yall gotta be a complete nerd basically if you want to make any profit here 😂
@sallianz11
6 ай бұрын
Then what works? Coin toss ?
@cjack202003
6 ай бұрын
Developing your own strategy based on price action. Backtest your strategy at least 100x. Your average win needs to be at least 2x your average loss. Example: if your average loss is $50, your average win needs to be $100. If your average loss is 3%, your average win needs to be 6%. Also, test your strategy on different time frames: 1, 3, 5, 15, 30, 1hr. Your strategy will end up working best on one of them. Then, only use that time frame with your strategy.
@rohanpatil8085
6 ай бұрын
RSI and MACD cross-over 😂😂😂😂....Yes u r right Umar. Such social media trading experts can never help anyone to get Edge in the market....I like your work as you always talk real....
@samellarry3353
6 ай бұрын
I've always known you can't achieve great feats without a burning desperate passion.
@skybox-fs6dv
6 ай бұрын
Umar, mad respect for you bro. The RSI and MACD does help, but not in Day Trading. I know of two guys who use these lagging indicators on longer term charts which helps them make entries and exits on the one hr chart for swing trades and the one day chart for long-term investment trades. The problem is trying to use them in day trading.
@realtalkchannel1275
2 ай бұрын
99% ? Lol so i wonder what methods he uses if 99% doesnt work
@raj-vt1uf
6 ай бұрын
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
@dandanc363
6 ай бұрын
My idol…I wish one day I can have your talent and skill so I can make money to take care my family…
@koladevincent8953
6 ай бұрын
You wish? I guess you're the type of trader he's referring to. He's a seasoned trader and he work hard to get his order of results. You can't wish and have it 😅
@sharartikaka346
6 ай бұрын
Do not agree, more than strategy it is RRR and risk management with psychology that matters, you can pick a 10% win strategy with RRR of 4 , u will be still damn profitable
@cyberft
2 ай бұрын
I 100% agree with your point, but your math is wrong.
@ashir...897
5 ай бұрын
Why do you think 90%+ traders are losing ? If it was as simple as some indicators someone as bad as me at coding could make a bot that gives but and sell signals based on these indicators and make everyone millionaires
@ashir...897
5 ай бұрын
Buy*
@aankushbhhardwaj
6 ай бұрын
one and only real
@safetyrealm4427
6 ай бұрын
Facts
@avimaymon1634
6 ай бұрын
Real talk
@hamazahalrubauei1134
5 ай бұрын
So, what should we do, should we learn how to read the candles?
@cyberft
2 ай бұрын
You should try a bunch of different things and see what makes you comfortable. Setups/edges, all of that doesn’t matter if you don’t have sound risk management, I would focus on dialing that in first and then start trying to find indicators.
@HirakjyotiRajbangshi
6 ай бұрын
Damm truee..
@t123-xh4nz
6 ай бұрын
It works so well in every timeframe that it's incredible and unbelievable. Requires 20,000 hours of hard work tho.
@Blowin.Smoke801
6 ай бұрын
RSI makes its easier to find the bottom or top but it is far from being accurate
@Johnny-dh2pj
6 ай бұрын
Live trading I don’t believe in day trading
@kingmax1
6 ай бұрын
You are the only trader, that speaks pure truth about trading, ❤
@georgebuchholz2755
6 ай бұрын
Why do YOU care???
@haideramz5804
6 ай бұрын
This man is a gem when it comes to reality
@japan8994
6 ай бұрын
What works then
@RafiDaccache
6 ай бұрын
Absolutely true 👌🏻👌🏻
@yaseermusa
6 ай бұрын
❤
@adolphgeagea7753
6 ай бұрын
Well said bro, thank you Umar ❤❤
@zamokwakheshezi6798
6 ай бұрын
Steve Burns uses Moving averages but he has been in the game for over 20 years. He is one of the best and experienced traders in the game. So this is subjective.
@SelfImprovementsOnly-yy9ki
6 ай бұрын
When day trading using indicators prepare to get crush.. but swing or longterm, indicators are still useful
@bggees
6 ай бұрын
@@SelfImprovementsOnly-yy9kiday trading to some simply means scalping or being in a trade for couple mins. You can still swing trade the entire day. I trade SPY 95 percent of the time and my trade can last the entire day sometimes. I only use the D&S combined with standard deviation (3 for short and 1 for long) indicator to trade and it works. Most of the time I let the trade come to me. If not, I simply sit on my hands. Over 12 years of rinse and repeat. 😮
@zamokwakheshezi6798
6 ай бұрын
@@SelfImprovementsOnly-yy9ki Maybe if you were reading to understand what I was saying instead of listening to reply you would get what I am saying.
@SelfImprovementsOnly-yy9ki
6 ай бұрын
@@zamokwakheshezi6798 I get what you're saying, "its subjective", I'm just adding stuff of my experience in the market for 5 years, so the other viewers could see as well
@SelfImprovementsOnly-yy9ki
6 ай бұрын
@@zamokwakheshezi6798 yes I understand what you're saying, "its subjective", I'm only adding an opinion from my 5 years of experience in the market to save others time
@buckzee289
6 ай бұрын
Umar being real AF here
@Priyanka_00377
6 ай бұрын
Important psychology part of trading
@dgreatenterprise5793
6 ай бұрын
Fact ❤
@حمودحمود-م4ف7ك
6 ай бұрын
I use bbma for mapping and naked chart for entry works perfect .
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