In this special Words of Rizdom episode, Umar Ashraf, a verified trader with over $30M in trading profits, breaks down the mistakes traders keep making. Overtrading, revenge trading, cutting winners early, chasing payouts, ignoring data, switching strategies, and trading without discipline.Umar goes trader by trader and shows exactly what needs to change if they want to become consistent. We hope you enjoy this episode!
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Connect with our guests:
https://youtube.com/@UmarAshraf28
https://instagram.com/umarashraf
https://twitter.com/umarashraf
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Connect with Words of Rizdom:
https://instagram.com/wordsofrizdom
https://twitter.com/wordsofrizdom
https://www.instagram.com/realriziqbal
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Timestamps:
0:00 - $30+ Million Verified Trader vs 15 Unprofitable Traders
1:50 - Topic #1 - Lack of Consistency and Strategy Switching
14:25 - Proving Your Strategy And Only Taking A+ Setups
27:27 - Outside Noise, Live Trading Rooms And Macro Bias
35:31 - Topic #2 - Overtrading & FOMO
39:54 - Accepting Losses And Walking Away
50:44 - Choppy Market Days And When Not To Trade
1:01:56 - Topic #3 - Cutting Winners Early & Letting Losers Run
1:12:08 - Knowing When You Have Really Arrived
1:18:25 - Topic #4 - Over-Leveraging & Revenge Trading
1:22:47 - Revenge Trading Around Key Levels
1:31:59 - Topic #5 - Struggling to Perform Once Funded
1:32:02 - Prop Firm Payout Pressure
1:42:01 - Prop Firms vs Personal Capital
1:51:03 - Options, Futures And Old Trading Mistakes
1:57:32 - Topic #6 - Unsure if Bias, Strategy or Market Choice is Even Correct
2:03:19 - Feeling Stupid Around More Technical Traders
2:17:33 - When Green P&L Rewards Bad Trading
2:31:03 - Trading The Open And Waiting For Confirmation
2:43:05 - What Traders Changed After Umarβs Feedback
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