E027 - The Trading Expert: How To Get RICH In Your 20s *my trading method* | Umar Ashraf - podcast episode cover

E027 - The Trading Expert: How To Get RICH In Your 20s *my trading method* | Umar Ashraf

Dec 14, 20231 hr 26 min
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Episode description

Umar Ashraf is a 28-year-old entrepreneur and veteran day trader who turned $20,000 into $18 million through smart, disciplined trading. With 10+ years in the markets, Umar has built a loyal online following by sharing honest, real-world trading insights—including both his wins and losses. In this episode, he opens up about the mindset required to master day trading, how to manage risk, the biggest myths around crypto and forex, and why trading is one of the most humbling careers in the world.

00:00 Introduction
01:20 How Umar found his passion for trading
04:10 Trading alone vs. working for a firm
05:20 Teaching himself to trade & early role models
07:40 Honesty, USPs & what sets Umar apart
09:55 Beginner guide to trading (Pt. 1 – Markets, FX, influencers)
15:44 Beginner guide to trading (Pt. 2 – First trades)
18:10 Journaling, mindset & tracking your data
21:20 How the markets will humble you
23:45 Investing vs. Trading & managing risk
28:35 How long does it take to profit from trading?
31:40 Umar’s biggest wins & losses
35:20 Strategy or luck?
36:44 Coping with stress & enjoying the process
40:00 Managing finances & life in Dubai
45:50 Avoiding distractions & the power of networking
49:00 Social media, influence & building a personal brand
54:55 The #1 app for traders – TradeZella
1:11:40 Umar’s 2024 vision
1:14:25 Building Blackline Trading & leading a team
1:21:00 AI's impact on trading

» 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
» Join @Whoop and get your first month free – join.whoop.com/FirstThingsThrst

Follow Umar:
YouTube: /@umarashraf28
Instagram: @umarashraf
TikTok: https://www.tiktok.com/@realumarashraf
TradeZella: /@tradezella

Listen to First Things THRST:
https://bit.ly/3JQWR1u
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E027 - The Trading Expert: How To Get RICH In Your 20s *my trading method* | Umar Ashraf | First Things THRST podcast - Listen or read transcript on Metacast