Anyone heard of this "millionaire" trader: Umar Arashaf?
He appears to have some rather interesting approach to investing, is not yet 25 and I guess for someone of a working class background to have landed himself into a conformable financial position without the institutional branding of elite schooling. Is there more to him than he lets out; what could he possibly be hiding and what how common is this among people his age? https://www.instagram.com/umarashraf/?hl=en
It’s important to know that trading, especially day trading, rarely ever works as a profession. The exception is trading for a Wall St firm which is an entirely different story. That’s why very few on here drop out of college to go start doing it.
A brief search of this guy gave me a lot of insight. This guy is most likely a millionaire from starting “StockMarketLab”, which is where he likely makes most of his money from fees he charges to teaching people how to trade.
There are tons of people like this and on their Instagram they show off their amazing life so people sign up for their program. I see his pictures flying a private jet and going jet skiing in Dubai. The paradox is that most of their money is made by selling this program. What came first, the chicken or the egg?
Quite interesting. I was curious why someone who's extremely good at training would not just focus on doing that and not teaching boring courses to the masses; may be a sign that trading is not very reliable hence the dependence on teaching for income.
Exactly, reliability is the last thing trading gives you
Maybe you should go through more depth, before commenting :/
Say it with me, S C A M M E R
Incorrect! This is why your the 90%
scam
Everyone is a good trader in a bull market. :)
He's pretty cute for an Arab
No comment.
Bet you have more time to hang around here now, Lloyd?
I have more time to spend with your mom ;)
I would only take advice from a reputable, established trader like Tim Sykes
Even then though... at least he has a Wikipedia page
I'm surprised by the amount of students/general public "trading" (more like feeding money to vultures) in college, work, etc--especially with the advent of Robinhood (I'll admit I use it too on occasion)--wondering how this changes the landscape; more fools to chew on or less money for vultures to feed on with increased competition.
Why? That dude reeks of slime, the kind where you want to belive what he's saying but for some nagging reason you can't. Most succesful traders arent on their knees begging for recogntiom. Matter of fact, any person who does so is deeply ill.
That's the joke, genius
Umar, I thought we agreed you would stop posting about yourself on WSO...
I remember when one of my friends showed me this video about his life and how he became a millionaire stock trader. In reality this guy has little to no understanding of trading concepts.
Favorite part is when he starts talking about cryptocurrencies...even still, has no clue.
Haha, totally incorrect! One of the best mentors out there!
His family is rich and he just uses their money to fund his lifestyle to convince people he's rich and get them enrolled in his BS technical analysis courses that literally don't teach you anything you can't learn online.
So I went down the banister and ran into this, yes, a shady Nigerian trader. Featured in the DailyMail here about how great he is: https://www.dailymail.co.uk/femail/article-3383759/University-dropout-s…
Then featured again later about how bad he really is, by the DailyMail again: https://www.dailymail.co.uk/news/article-4914564/Playboy-City-trader-23…
How ridiculous, they don’t even know what a stockbroker is.
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