Chatting with a 23-year-old Stock Trading Millionaire

Chatting with a 23-year-old Stock Trading Millionaire

100 comments

  1. To answer some of the questions people have:

    1) How'd I have 20K saved up at 18?
    I Bought and resold items off craigslist, primarily iphones. Worked two jobs and I was very smart with my money and frugal and barely had any expenses at the time.

    2) How'd I have such a high credit card limit?
    I opened a capital one credit card at the age of 18 and used it every month and after 6 months, I requested a credit limit increase and then opened a discover account and used it every month. (Many people here need to educate themselves on credit cards and how to get a higher credit limit and ways around it)

    3) "Never take a cash advance and start trading. Worst trading advice"
    First i didnt do a Cash Advance, I did a BALANCE TRANSFER with a 3% fee for 18 months. Basically, you pay 3% on the money you take as a one-time fee and don't get charged interest for 18 months. (look it up). Yes, I know what I did was risky, but at the end of the day, you need to take risks to get forward in life and from what I​ see most people here look at risk at a terrible thing. I believed in my trading strategy and it was working so I needed more funds to get over the PDT rule (need 25k+ in your brokerage). I took the risks I was comfortable with taking and worked out, no one needs to take the same risks.

    4) "Trading is gambling"
    Trading in fact isn't gambling. You need to learn how to read price action and purchase stock whenever theres a lower risk and high profitability in play. For people that know trading understand, for the ones that dont, theres things called Moving Averages. MACD, RSI, Trends, Support, Resistance and so much more that help you align your trades.

    5) I post all my trades on my IG story (IG: umarashraf) including losses and show transparency.

    6) I never said I took my total brokerage account from 25K to a million. As I got better, I funded my account with more money through jobs I had and then eventually was involved in other businesses and always kept funding my account and kept living expenses to a minimum.

    This is to educate people on youtube that are starting out that anything is possible. You will need to take major risks and invest TIME into whatever you may wanna do. Don't let "youtube Trolls" discourage you by showing everyone who is "successful" is either a scam, or from a rich family. People put their own insecurities on others so don't let them bring you down. Good luck to everyone trying to get ahead in life, wish you guys nothing but the best 🙂

  2. The host looks like he’s low key and FBI agent trying to get the guy to confess to something illegal

  3. In regards to bitcoin, it will REALLY take off once 5G is fully implemented. That's why I got interested in the stock market – to invest in 5G – which i learned about as bitcoin blockchain takes a long time to load and transaction times are also slower because Bitcoin has maxed out on 4G That's why I think there is such a big 5g push – it's not faster phones and gaming- its blockchain technology. When 5G hits BTC will leave all other crypto in the dust.Nows the time to invest in 5G and BTC. My prediction is BTC will hit 35-40K by new years. Its following the SAME pattern it typically does, which means it will go past the last high substantially after a couple years of lows after the last crash. Last crash was late December 2017. It works like clockwork. Except everytime the new high is higher and the new low is higher than the average last low. If there was every a safe time to invest in it it's right now….now when to sell is an entirely different matter haha

  4. It's watching videos like this that makes you believe early retirement is achiveable when you're so young. You just have to use your brain

  5. 12:21 I'll have to buy that book myself, I've seen multiple people talk about a book called "Trading for a living"

  6. Having the right manager is as important to securing a good investment. Thanks to Mr Allen Brookes on the BTC top UPS, I made my withdrawals yesterday.

  7. Strategy can never be compared to another, I have been trading binary options for the past two years and am bold to say it that i have never seen a honest and amazing broker like Mr Mahmoud Abbas. Am so lucky to have you as my account manager and broker. contact him now [email protected] com

  8. Are you tired if loosing money Are you tired of investing wrongly Do you want to put a stop to all the losses and start earning good profits Mr Andrew Feldstein is all you need to recover all your losses , his all you need for a successful trading His strategy is the best

  9. Of course… he is a millionaire and he feels the need to tell everyone…. sorry but i don’t believe it. To me he sounds like someone who will soon start “selling courses” on how to become a millionaire etc. There are lots of them on the internet.

  10. All of you guys are fucking losers and depressed wastes of cum of life. If I could piss in all of your faces one at a time. I would

  11. I just look at the chart, it's going up, or down, or sideways. I put my money on the ones that are going up. –Genius

  12. So the retard doing the interview did not know how old and rich his subject is?!?! BullShit!!! Thanks everyone!!LOL!!

  13. a chimp that started trading 5 years ago is a millionaire now. markets have risen to ever new heights since about 2008. the question is, who of the guys isnt broke once shit hits the fan, which at some point will happen as part of the economic cycle.

  14. The interviewer somewhat kinda in weed.
    Brain stuck and empty. Did not even made a single right smart question. Wasted man.
    I hope the interviewer recovers from his predicament.

  15. The interviewer knows nothing about the stock market lol it makes me not want to watch it … ohhh what’s the SEC like what???!! Do you mean lol smh

  16. The most important lesson that Umar gave you: If you lose money, someone else gets them (at least in general). If Umar earns 1 million, there are probably 100 ppl that lost 10k to him. Its about as same as ppl dreaming of becoming footballstars or something, many tries, over 99% fails.

  17. Great guest.
    Who is this interviewer? He doesn’t know anything about the topic or the interviewee… or about inflation :O

  18. How did he have 25k at the age of 18 wtf?
    Im not bragging but im in a millionare family and ive been saving my cash for years (probably spent like 4-5k in Total in my life) and I only have 11k total at the age of 24 lol

  19. said you were a millionaire by 2012 but didn't start trading till you were 18 if you were 23 in 2018 in 2012 you would've had to be 17

  20. ARGH!!! wats with the sneaky condescending laugh of the interviewer!! its soo annoying. I feel like i wan get up and smack his face….

  21. 14:45 Know where the stock is going up or down buy when its at its lowest. Sell (get the cream off the top) when its at its peak about to go down. Watch daily the trajectory of the stock.

  22. 1 yr later and stock market hasn’t crashed yet. Gotta wait one more year to see if it crashes. And His bet on crypto was trash for now as well.

  23. Hey guys, do you think that right news on right time can be helpful for making right decisions on the market? I'm into building the AI app which will learn to bring those news. I'm ready to give some incentive for traders who will help me with the idea.

  24. Great stuff. Thanks for sharing the info. The idiots will get distracted by the color of your shirt, the positioning of your kitchen cabinets, and other small shit like repeating questions. Thats why they stay broke. The other cut through to what matters and LEARN what they can from here.

  25. I was 18 at the time, I had $20 grand saved up, invested all of it.. $20 grand, yeah $20 grand..

    Interviewer "so how much money did you invest"

  26. alot of men need to make money and feel like a big man. unforunatley they need it to buy a bigger weiner and waste it on broads who dont deserve 500 dollar dinners LAWL. thats interesting you want to make money but end result is some twats gonna suck u dry and all she did was….. be good looking? lol be content people a real man dont give a fuck how hes judged

  27. He said he doesn’t invest in bitcoin and holds only altcoins. Sucks to be him! Lmao (current altcoins are bleeding money as bitcoin dominance is near record highs)

  28. I had 43 trades with a profit of 3,541.85, it was a marathon! Approx 20 hours of trading, I was having so much fun I couldn't sleep! His software is a fantastic program to guide you in trades it guarantees 90% profits on trades, you too could be a part of this awesome revolution when you contact him on his email: [email protected] com or on whatsapp: +1 409 440 9961.

  29. Dude, this is so fake. The only way you can believe this dude is if u are a extremely newbie on trading ir if u are a fucking dumb dude

  30. This my second video I’ve watched on this channel and man this dude is trash as a interviewer..Don’t know how he has so many subscribers

  31. One guy is talking at .75x and the other is at 1.5x. YouTube needs a new alternating speed option for this channel so we can even it out.

  32. Yemenis are very smart people !!!, They are a lot of them in India and they are very rich . You are a honest and smart man 👍, Good luck to you 🙏🇮🇳

  33. Can't believe how many trolls out there.. Andrew is like an introvert person sometimes but he use to do a lot of good pranks. He just turned out of idea, and now he is doing something different.
    He is not drunk or drugged lol.. He just confront his guest to question that people would ask, and yes sometimes sounds dumb but it is never dumb to ask 2 or 3 times a question to understand.

    It's like school, remember when you use to keep to yourself the question, and you would never learn.. It's the same way in life.

  34. Can the host be any more stupid? What kind of questions are those? And please, learn your subject matter before going into an interview. Geeez….

  35. Damn he said he knew many people who made money off stocks, not a single person I knew even did stocks😂😂😂

  36. Will be interesting to see how this guy does over 10 years, or in a down market, and not just in a booming market, then compare his performance overall to the opposite strategy, like dollar cost averaging in. His views on crypto are also pretty funny, not that a stock trader would be expected to know anything about crypto, but still had to giggle when he called Bitcoin "nothing special."

  37. Watched this as the trader was interesting but this dude interviewing has the attention span of a fly, has no clue about anything and makes it shitty to watch

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