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Umar Ashraf
@UmarAshraf
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Founder @TradeZella / @blacklinetrade — trading for 10+ years, still a student. (I don’t have a discord or telegram)
Joined March 2016
RT @TradeZella: Appreciate this review from Shane, who's been tracking & journaling his trades with TradeZella since July 2024! 🦄⚡️
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I’m seeing so many traders get burned on days like today. As a trader, you need to understand the context of the current market environment. We have so many things going on such as: - Earnings week - Job reports tomorrow - a lot of uncertainty There’s a higher probability of the market being choppy on days like today than trending, and you understanding that probability will work in your favor of selecting days to be aggressive and defensive.
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Exceptional traders are defined by their drawdown periods. How well they handle it, how well they’re able to come out of it and how they manage risk and execution during that phase. That’s one question I always ask traders to understand how good they really are. —> tell me about a time you were in drawdown and how you managed to get out of it? This is where most traders usually blow up or never gain back real confidence.
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@_michaelreal Prime example of what happens to us all on some days. Glad you walked out green on a day most, including myself would be red
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If you’re a trader in your developing stages, stay away from funded companies that call themselves prop firms. Trading under most funded companies rules are harder and create more pressure for one, and that’s the last thing a “developing” trader needs. Once you have a proven strategy, have been consistently profitable and are able to manage capital effectively — then go crazy on the slot machines.
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@DanSchenkLife @TradeZella We’ve double downed a lot the past 3 months on accelerating a good backtesting tool. However going back into the next few months, top focus goes back into tracking, journaling! Deeper analytics and Ai for tracking/ journaling is next. 🙏 Open to any feedback
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I got out of all my $PLTR at $67 a few weeks ago. Reason? Made over 500% on the position and thought its “overextended” and missed out on a $30+ move (over $3m missed). On every trade/ position you have a few choices. 1. Do I risk some of my existing profits to make more or do I cash out here? 2. Do I scale out slowly? 3. Is there a more efficient place for this capital to be used? You have to live with whatever choice you make and not go back to the what ifs, regardless of bad it sucks and trust me it does suck.
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Many traders mistakenly believe that a week filled with major events automatically translates to plenty of trading opportunities. You're usually better off to let the market digest these events and establish a clear direction before putting on a trade. For example, just because it's an FOMC week doesn’t mean there are immediate opportunities—sometimes the best setups emerge after the event has passed. The same goes for earnings season.
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