Umar Ashraf
@UmarAshraf
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Founder @TradeZella / trading since 2013. I share my opinions on the market & trading.
New York, NY
Joined March 2016
Here’s my login P&L Video for transparency purposes. $7M+ trading profits for the year $5.5M+ from just this account
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This is a growing problem with a lot of new trading journals and tools. It’s exactly why we built TradeZella differently. We will never sell your trading data ever, your data is yours and nor do we ever plan to change our terms. We encrypt everything end-to-end, and we’ll
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Full breakdown posted on this https://t.co/d0FdTuEy1H
I lost $1.4m trading in September. - I increased risk due to a strong month in Aug ($900k) - I got a bit biased due to rate cuts and assumed markets would sell off hard and fell in love with the “potential” outcome - had a strong start to the month as well and didn’t know
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I dont post P/Ls every day, nor do I care to. Just because I address something, it doesnt mean Im talking from a place of losing money or that I “missed the sell off” But I caught a part of the sell off. I didn’t “call it out”. I didn’t “anticipate it”. I reacted to price
@UmarAshraf How much did you lose today
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Whenever theres a big sell off like today, you see some traders come out with their little strategies on how they “predicted” price was going to dump because it formed this magical “pattern”… If you believe that, then you’re an idiot. Moves like this dont come from cute little
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As much as I didn’t believe it at first, prop firms really are becoming the future for the next generation of traders. Like anything, they come with pros and cons, however the reality is that if you’re on the right firm and you know how to take advantage of the structure, you
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Trading demands a lot out of you, emotionally, mentally and even physically. It doesn’t matter if you’re winning or losing, trading will cripple you and take a toll on your health. So always make sure to take care of your mind, body and well being overall. Health comes first.
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Waited the whole September for a sell off and kept hammering shorts at the wrong time and got crushed. Timing the markets are extremely difficult, you could have the right “side” but timing being off can kill that “thesis”. Seems like we’re back in an action packed market 🫡
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People seeing someone lose a million+ and immediately saying - he’s gambling - he doesn’t know how to trade - he’s gotten lucky all these years - he’s blown it all Just baffles me. Losing money in trading will happen. Bad days/ months will happen. Stupid periods will
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I lost $1.4m trading in September. - I increased risk due to a strong month in Aug ($900k) - I got a bit biased due to rate cuts and assumed markets would sell off hard and fell in love with the “potential” outcome - had a strong start to the month as well and didn’t know
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And there you have it. Sell the news event trigged. All it comes down to now is what Powell says about future rate cuts in the next few mins.
Big day with FOMC today, I still believe it will be a sell the news type of event. Market has baked in the cut. I think once it’s announced, markets starts to get off it’s crazy high and we see some sort of pull back. Will be watching today and setting up for tomorrow.
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Big day with FOMC today, I still believe it will be a sell the news type of event. Market has baked in the cut. I think once it’s announced, markets starts to get off it’s crazy high and we see some sort of pull back. Will be watching today and setting up for tomorrow.
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Best trading advice I can give you is to zoom out of daily and weekly results. They mean absolutely nothing. Start to look at your performance from a quarterly point of view and yearly. So next time you have a bad trading week, scratch it off, see what needs improvement
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$943k trading profits for the month of August I will share a full breakdown of this over the weekend but before I do there’s a few key things I want to highlight - I hate sharing P/L Number itself, I know it’s a stupid metric alone. I share it because that’s what people will
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Two back to back losing days aren’t a spiral guys 😂 Like what. I’ve had countless back to back to back losing days to weeks in the past, so has EVERY other trader.
@UmarAshraf @TradeZella You are on a spiral. Take time off
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Lost -$22k on the day. - Shorted SPY (645 puts) - short at 9:50am A few notes on today. - all eyes are on NVDA earnings today, markets a bit slower. This was in my pre market notes - took a short trade after seeing rejection 15 mins in, looking back there wasn’t anything
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Anytime I post red days, I see people get so confused on how is someone that’s been trading for 10+ years have red days… And it makes me think of how so many people have the wrong idea of trading. Every single trader, has red days. It’s inevitable. The best of the best have
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-$100k on the day. Bad trading day, not because of the loss but because there were actually no setups or trades. Just stupid trades I placed assuming a continuation day. Looking back and rewatching the first 15 mins, market was flat with no real follow through or volume.
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If you’re a new trader, leave the forex market. Trade futures or stocks. Anything other than forex, trust me. Shady firms. Shady brokers. No regulation. No centralized exchange. Price manipulations. This is all in the forex market. Save yourself money and time.
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It’s crazy that the trades you’re the most nervous about typically end up being right And the ones you’re so confident in end up being the losers
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Your goal as a trader shouldn’t be to not lose money… It should be to become good at losing. Sounds crazy but what typically happens during losing periods (which we all go through and will go through) novice traders lose confidence, go on tilt, and have major drawdowns While
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