Umar Ashraf from Tradezilla outlines five phases to move traders from uncertainty to consistency. The early stages prioritize survival over profit, letting traders take many small wrong trades without blowing up. Success depends less on controlling emotions and more on disciplined capital placement and knowing when to increase position size.
This is the most important education in the world. Psychology in trading is overrated. Emotions are a thing. I'm not saying emotions aren't a thing. Emotions are really overrated. And the reason I say that is because even if you have the best strategy in the world, your emotions will hijack your process. And that's why capital placement and when to increase size and when to take certain trades becomes important here and not here. Because today we have a very, very special guest. He is a, a bigger verified trader. The founder of Tradezilla is the one and only Umar Ashraf. All right, cool. So what I want to do is I want to go through this like five step process. And this five step process is there to help a trader go from basically someone that has no idea what he or she's doing to a point of getting to a consistency point of view. Right now. When I get to this point, this point does not mean you start making so much money. This thing that I'm about to do is very hard. It's going to be extremely difficult. And accepting what you're walking in into kind of makes it easy. Why? Because now the problem here is people will say, well Umar, how will I make money? We're not trying to make money. The reason we want to have the least amount of risk is because, so that's why this thing we have to protect. And while we're in stage one, two and a little bit of three, we want to risk the least amount. So if we're wrong, wrong, wrong, wrong, wrong, we can survive to see another day. You know, if we hit the top twice, that means the trade is going to go down. But you take a trade that opens up really strong, pulls back, has strength here, continues. Will you short that? Probably not. They probably assume that, hey, the transactions and the activity that's happening here is a lot stronger than there. It makes more sense to go long. We want to be able to take the most amount of trades and be wrong and still be alive because.
