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Umar Ashraf is a 28 year old entrepreneur and veteran day trader who has dedicated his life to the markets. With over 10+ years in the industry, Umar has managed to grow his initial investment of $20,000 into an impressive $18 million through day trading stocks. Emerging as a trusted voice online, Umar generously shares his trading insights and occasionally reveals his earnings & losses. In today’s episode, Umar opens up about life as a full-time day trader, including the hardships, surprising truths behind forex, crypto and more. 0:00 Introduction 1:20 How Umar discovered his passion for trading 4:10 Solo trading versus working at a trading company (the differences) 5:20 Role models & how Umar taught himself how to trade 7:40 USPs, honesty & how Umar stands out from other traders 9:55 A beginners guide to trading pt.1 (markets, fx & influencer endorsement) 15:44 A beginners guide to trading pt.2 (Making your first trade) 18:10 Tracking your data, mindset & journaling 21:20 “The markets will humble you” - ego & dealing with loss 23:45 Risk management & the differences between investing & trading 28:35 The realistic timeframe for profiting with trading 31:40 Umar’s biggest win & loss 35:20 Strategic decision making or just luck? 36:44 Dealing with stress & “enjoying the game of life” 40:00 How Umar manages his finances & living in Dubai 45:50 Networking, distractions 49:00 Influence, social media & content creation 54:55 The #1 app for traders (& the behind the scenes of making an app) 1:11:40 The next steps for Umar in 2024 1:14:25 Umar’s ‘Blackline trading’ vision & building a solid team 1:21:00 The rise of AI and how it could impact trading as we know it » Escape the 9-5 & build your dream life - https://www.digitalplaybook.net/ » Transform your physique - https://www.thrstapp.com/ » My clothing brand, THRST - https://thrstofficial.com » Custom Bioniq supplements: https://www.bioniq.com/mikethurston • 40% off your first month of Bioniq GO • 20% off your first month of Bioniq PRO » Join @Whoop and get your first month for free - https://join.whoop.com/mikethurston » Follow Umar « Youtube: / @umarashraf28 Instagram: / umarashraf Tik Tok: https://www.tiktok.com/@realumarashra... TradeZilla: / tradezella Listen to First Things THRST: https://bit.ly/3JQWR1u