LearnApp Talks: Trading Mistakes, Biggest Losses, Lessons, Mindset with Prateek Singh

Lessons from my Trading Journey | Prateek Singh
Being a trader is a roller coaster ride, full of ups and downs.
Beginner traders start with their initial capital, earn profits in the beginning, but then follow a losing streak that wipes out all the profits. But successful traders start again - from the scratch, fight the odds, and continue their journey.
There will be times of panic, there will be times of joy, but a successful trader always follows the plan. The ultimate goal of a successful trader is to make the best trades. Being a trader is never an easy job and when an experienced trader himself shares his journey, there is so much to learn & apply from his lessons in the real world of trading. What could be better than that?
There is a lot to take in and absorb from a trader's experience and we hope this video will give you some insights into the trader's journey.
Timestamps:
00:00 Let's begin
00:35 Mistakes every system trader makes
00:47 Mistake #1
02:08 Lesson #1
03:01 Lesson #2
05:28: Lesson #3
#tradingmistakes #systemstrader #tradinglessons #tradingpsychology #tradingforbeginners #tradingpodcast
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[@PrateekSinghLearnApp]

Learn how to trade & invest with 250+ courses & classes on trading & investing taught by industry leaders here 👉 bit.ly/learnappcourses First lesson of all courses is FREE. ✅Use code LAPPYT to get Extra 2 months in Yearly Subscriptions. For any queries, please call or WhatsApp on [phone].

[@prabhekamsingh9980]

Are there any internships offered by learnapp?

[@PrateekSinghLearnApp]

@@prabhekamsingh9980 we hire graduates or people who dropped out. We don't do internships

[@SandeepKumar-qq5tm]

How to understand the option statergy and all about option buy and salling

[@akhilhakkim634]

Summary: 1. Follow your system, enter according your strategy and exit only when the stop loss or target hits whatever it be. 2. Choose higher probability of success rather than higher returns. Very good advice! 👌🏻

[@PrateekSinghLearnApp]

Super summary thanks Akhil

[@akhilhakkim634]

@Stelin Wersely yes, stick to your strategy, risk to reward ratio and stoploss must be strict, hit the target or stop loss and exit

[@murubalaji]

Words from a real trader. Loving your contributions to this field. Wish you for many such more content.

[@PrateekSinghLearnApp]

Thank you balaji for the encouragement. Will surely make more videos - Prateek

[@Prathamkokaje]

I'm glad that you are being transparent and showing mistakes too❤️ keep it up Man👍

[@PrateekSinghLearnApp]

It's the mistakes which made us better. Best strategy to show them openly so you are successful faster ❤️ shorten the learning curve - Prateek

[@Prathamkokaje]

@@PrateekSinghLearnApp Thanks Prateek👍 i appreciate your efforts. Keep teaching us.

[@nkr1935]

Explanation so clean and thoughtful. Simple and easy to understand!!

[@abhineetkumar2672]

Fruitful video...keep them coming...

[@PrateekSinghLearnApp]

Hey thanks Abhineet

[@vishalnangare31]

Thank you sir for sharing your experience 🙏

[@padmarajsh7470]

Thanks for the input... It was great..

[@Patriotsanatani]

Every word is .... platinum

[@PrateekSinghLearnApp]

Hey thanks Rhimash! Glad you enjoyed it :)

[@abhishekmahur2662]

Thanks for sharing!! ❤️

[@PrateekSinghLearnApp]

Anytime Abhishek :)

[@pinkystocks]

Such a nyc example... TQ soo much sir

[@PrateekSinghLearnApp]

:)

[@virajjain5133]

I am currently on Learnapp and I can't thank much to you Prateek Sir for bringing such a high valuable course at an affordable prices❤. I am currently on basics of stocks on your course and looking to make myself a long term profitable trader.🎉

[@PrateekSinghLearnApp]

Hey Thank you Viraj, you will be successful :)

[@youcan5863]

Thank you 🙏

[@noelmaskii25]

Superb explanation as ever!

[@PrateekSinghLearnApp]

Perfect! Do subscribe to our channel and never miss out on the new videos we upload every week🙌

[@rahulpurohit6667]

Thanknyou so much for this learning. Hard to find this days where people just waste time to sell their useless service only.

[@PrateekSinghLearnApp]

Thank your for appreciating Rahul :)

[@Stockvarsity11]

practical approach towards trading explained beautifully with organised mindset

[@PrateekSinghLearnApp]

Hey Rohit, thanks for your kind words! Means a lot :D HAPPY TRADING!!

[@adarshmaskar2444]

your teaching and communication skills are really really good.

[@PrateekSinghLearnApp]

Thank you that's so sweet :)

[@moneyrichesandlove]

From you I learn that trading is not a game of luck🎉🎉

[@dannycbe949]

Excellent explanation.

[@PrateekSinghLearnApp]

Thanks ☺️👍

[@adarshabs7652]

Hi Pratik, you are doing a great job. Keep posting your videos they are insightful. Very informative for beginners.

[@PrateekSinghLearnApp]

Hey thank you Adarsha :) words like this keep us going!

[@veeransh]

Excellent vedio👌👌

[@PrateekSinghLearnApp]

So happy you liked it Kapil bhai :)

[@truth_iq]

Amazinggg sir

[@PrateekSinghLearnApp]

Thanks Iqtida :)

[@sarojghosh4427]

Thank you Prateek Sir for sharing this insightful lesson to us

[@PrateekSinghLearnApp]

Thank you for watching Saroj :) -Prateek

[@ashishdeokar573]

I really enjoy watching your videos! They are too simple to understand because you have taken immense efforts in the backend to produce awesome content! Keep Up The Great Work!

[@PrateekSinghLearnApp]

Yes hip hip hurray for the amazing team mates at LearnApp - Prateek

[@anilbhasein7043]

U actually are Avery good presentator ...the content s are always super se uper

[@unnikrishnanpayyadakath6241]

Sometimes not a new lesson, but a known lesson taught in a different way is a better eye opener. Very nice video with an interesting presentation. Good Job 👍 This is my first video in learnapp... will surely watch more 🙂

[@PrateekSinghLearnApp]

Hey thanks a lot your comment means a lot :) so thoughtful :)

[@PK-ve5tg]

THANKS!

[@PrateekSinghLearnApp]

Always welcome 😊

[@siddiqahmed8611]

Very good experience. Please make more video's on how to control emotions when loosing or earning.

[@keshabdas7405]

Amazing learning Thank you so much

[@PrateekSinghLearnApp]

Welcome 🤗😀

[@jjk435]

Very informative 😀

[@PrateekSinghLearnApp]

Perfect!

[@Aktrading11]

Incredible

[@mamtapawar1649]

Informative video ty

[@PrateekSinghLearnApp]

Always welcome 😊

[@khandelwalpulkit007]

The last lesson was the most interesting. Please tell more about how to make high probability setup.

[@PrateekSinghLearnApp]

Done Pulkit, will talk more about this in upcoming videos -Prateek

[@chayanmahalanabish5267]

Awesome👍

[@PrateekSinghLearnApp]

Thanks ☺️

[@fitnessvideos101]

Informative 👍

[@PrateekSinghLearnApp]

Thanks 👍😊

[@arun2pratap]

Agreed at the core we have to follow simple things, which I have been struggling to follow.

[@PrateekSinghLearnApp]

True!! 💯

[@user-yv4fi1nx3e]

How dare to share your losses,great job,welcome for the awareness

[@PrateekSinghLearnApp]

:D

[@johnbrooks2122]

Wish I had this guy for a friend and a teachers.love the videos I'm a beginner on cash app with just 500 bucks and try work 2 jobs to take care of my family. God bless man

[@mariappana1560]

Nice work

[@PrateekSinghLearnApp]

Hey thanks for watching :)

[@RajeshChauhan-xg4er]

excellent video

[@PrateekSinghLearnApp]

Thanks Rajesh! :)

[@siddheshbhavsar735]

Thanks 🙏🏻

[@PrateekSinghLearnApp]

Welcome 🤗😄

[@PavanKumar-rj7sg]

Doing good job keep going

[@PrateekSinghLearnApp]

Yeahh thanks Pavan!! Do check out our other videos ☺️

[@sboganatham]

nice one. stick to plan is a good tip

[@PrateekSinghLearnApp]

Absolutely, thank you Sateesh

[@krutarth_suthar]

Keep those videos coming💯💯💯💯💯

[@PrateekSinghLearnApp]

Yeahhhhhh Krutarth!!

[@piyushkmd]

The way you present and speak is always interesting.👍👌👏

[@PrateekSinghLearnApp]

Thank you so much Piyush ji!! Do check out our other videos 🙂🙂

[@rajworld07]

Good video

[@PrateekSinghLearnApp]

Thanks Raja :)

[@laxmanlxn1250]

That's one nice way to say , care the system and care not the rest

[@PrateekSinghLearnApp]

Absolutely! Trader ka mantra hai yeh

[@laxmanlxn1250]

@@PrateekSinghLearnApp thankyou for the success mantra

[@saranraj3392]

Fantastic explanation 👌

[@PrateekSinghLearnApp]

Thank you so much!! Do visit learnapp.com 😊

[@debayandebnath641]

Excellent. You teaching feels like school again.. Please share more from your experiences that would help beginners begin better.

[@PrateekSinghLearnApp]

More to come! will do Debayan, thank you for your encouraging words :) -Prateek

[@kishanchander3544]

good stuff

[@PrateekSinghLearnApp]

Thanks for your feedback Kishan :)

[@bharatjiodedra4891]

👌

[@moturimahesh1091]

Very nice sir

[@PrateekSinghLearnApp]

Thank you sir 😊

[@pavanuppala6528]

Good video and i like the concept of checking quarterly .

[@PrateekSinghLearnApp]

Yeahh!! Why measure performance daily, you should do it quarterly!! 😊 But market participants don't usually do that :(

[@Intradayfutures]

Always interesting to watch your video.... whether on learnapp or youtube

[@PrateekSinghLearnApp]

Thank you Amit, that's so nice of you to say :)

[@anoshlokhande8102]

I am impressed on your taking and method of learning. Thanks bro. I want to learn step by step from you. Please guide me

[@PrateekSinghLearnApp]

So happy to hear that from you!! Do check out learnapp.com There you can acquire structured learning in a step by step manner :) Do give a visit!! ❤️

[@tarunsankhla2328]

I am new to this channel totally loved it

[@PrateekSinghLearnApp]

Thanks Tarun bhai!! 🙏💕❤️💯

[@NirmalaDevi-zc6pv]

Nice Video

[@PrateekSinghLearnApp]

Thanks Nirmala :) Also just to let you know, we conduct regular FREE workshops on latest stocks and stock market news. To get regular updates on this, you can sign up on LearnApp.com.

[@Dosti-zaroori-hai]

Awesome . Color trick make sense

[@PrateekSinghLearnApp]

Yeahh!! Shared my personal experience.... 😊

[@Dosti-zaroori-hai]

@@PrateekSinghLearnApp you're doing awesome work . Nailed it with Tanmay colab

[@PrateekSinghLearnApp]

Thank you so much!! Such appreciation motivates us a lot to work harder for our valuable viewers like you ☺️

[@sandeepdhoke1626]

Truly this is what happens when one doesn't know the proper way of handling the things. All probabilities of the loosing trades are true. one needs to learn to keep calm and analyse the situation well enough to give it another best shot. I mean to keep calm and wait for the right opportunity

[@PrateekSinghLearnApp]

Thanks sandeep, great insight :D

[@TSTRADINGSHARING]

Sahi hai

[@PrateekSinghLearnApp]

Jee bhai 👍💯❤️

[@yvganesh3516]

Dear Sir, You are really a good tutor and your experience is invaluable.

[@PrateekSinghLearnApp]

Thank you Ganesh :) - Prateek

[@sumamahesh8983]

A big thank you Mr. Prateek. Looking for a complete course on options in LearnApp.

[@PrateekSinghLearnApp]

Hey we already have alot of courses on LearnApp around options have you seen them?

[@mohammedasrar2552]

pretik the way you deliver the content with your expressions is superb

[@PrateekSinghLearnApp]

Hey thank you Mohammed :)

[@amitgugle]

I liked 3rd point .. high probability trades.. which makes sense.. Hope you will make few more videos regarding strategies or setups.. Thanks..

[@PrateekSinghLearnApp]

Done Amit will work on videos around that topic

[@nds1979]

Heyy Prateek !! Good one ! Such short videos are really good and quick to understand. Learning from experience is the best way to learn. Thanks for sharing yours !! Naveen

[@PrateekSinghLearnApp]

Hey Naveen! Thanks alot for the encouragement. We'll keep posting more :) - Prateek

[@NirajKumar-px5ce]

Learning from the experience is the best way to learn.wright brother

[@ankitchopra7092]

Keep making Great Lessons like these

[@PrateekSinghLearnApp]

Definitely ankit bhai ☺️😊🤗

[@ankitchopra7092]

@@PrateekSinghLearnApp Pls answer my questions in your latest videos comment bhai

[@brpxerox1513]

confidence

[@PrateekSinghLearnApp]

Yeahhhh :D

[@gauravthombare3411]

High probablity low payout trades sounds interesring...thanks for being open to show losses which i havent seen anybody is doing from whom i learnt

[@PrateekSinghLearnApp]

Thank you so much!! 😊

[@shivankjoshi8363]

Sir could you please share your most favourite books and learning resources 🙏🎉

[@INDIA......]

How to select stocks for intraday trading ? Is there any screener for it ?

[@anandpatel245]

what are the books u read to learn about trading?

[@moneyrichesandlove]

I have been following almost all your videos... Please, what timeframe is best or do I stick to just one timeframe without looking at others...🎉🎉🎉

[@santanuhajra6485]

Exactly the mistakes we do ..

[@PrateekSinghLearnApp]

:)

[@vasudevg4748]

Can I use subscription in two devices

[@tradewithrohit247]

Follow your system

[@PrateekSinghLearnApp]

True Rohit!! It's the key for long term survival!! We have a bunch of systems at learnapp.com Do check them out ☺️

[@truth_iq]

Sir keep come with different topic for beginners

[@PrateekSinghLearnApp]

Okay any suggestions? - Prateek

[@crazymayank3413]

Option 3

[@_pravino_]

👍

[@amolpatil4249]

super

[@PrateekSinghLearnApp]

Thanks Amol :)

[@Praveenkumar-rs1uc]

Can you plz explain how to maintain trading journals. And comparison with beginners traders and smart professional trades.

[@PrateekSinghLearnApp]

Got it Praveen, ill see if we can make something around journals - Prateek

[@sujalajmera]

By the way, I liked the 1st part the best - mechanical boring trading

[@PrateekSinghLearnApp]

That's the best part! Exciting trading is bad trading!

[@sagararora6375]

Example of Casino Was Really Great Keep It Up Man

[@PrateekSinghLearnApp]

Yeaahh!! It actually happened with me, so thought of sharing personal experience rather than a build up story!! 😉 Do check out our other videos ☺️ Also do give a visit to learnapp.com Hope you would love it ☺️💕

[@rikeshdamania9755]

Awesome Pal. All the 3 steps were really interesting as well as full of knowledge. Eye opener. Would really love to see more videos from your end.

[@PrateekSinghLearnApp]

Thank you so much brother! Do check out our other videos, hope you will like it 😊😊😊

[@dumkaashu2026]

I found your videos very honest and I like it. Love your content. Can you please suggest some trading related books also, so that we can learn more.

[@PrateekSinghLearnApp]

Thabk you that's so sweet :) have you read market wizards

[@pankajnayak2372]

How to find high probability setups for swing trades

[@Prathamkokaje]

Color strategy 😂 I was following every time in goa ❤️ thanks I'm more confident about my strategy

[@PrateekSinghLearnApp]

Super

[@dilipreddy5209]

Very happy to have watched this video. Good lessons for any novice trader! Would you like to share some of the high probability trade setups from your experience in coming videos?

[@PrateekSinghLearnApp]

Sure yes keep encouraging us via comments and likes.....will post as much as possible :)

[@dumkaashu2026]

Also can you please tell about how we can calculate the winning and loosing probability of our system.

[@PrateekSinghLearnApp]

Hey Ahshutosh, you'll have to first log all your trades based on objective rules then calculate the win loss ratio. This is usually done on Amibroker or excel or python. We have some advanced courses on that or you can search the web. All the best!

[@korashortss]

👍👍👍👍👍

[@PrateekSinghLearnApp]

👍👍

[@sadcapyyoutube]

Subbed

[@nagesh897]

Bro I think you know trendy days are diffuclt for experienced trader. Trader has system and guts to catch reversal trades. But it's psychologicaly very difficult to join the trend in midway. How to overcome this

[@nayankamaji59]

Sir is available in hindi also???

[@GUNJANBHATTACHARJEE0703]

I couldn't correlate between the probability of winning in the Russian Roullete and investment. Is it to understand that choose a script that has a large-cap has been giving consistent returns but mediocre over highly volatile scrips that may give higher returns?

[@PrateekSinghLearnApp]

It's in the context of probability of assured returns rather than higher returns. ✋💯

[@vishalgoswami7153]

Sir if my system is overall profitable on the buy or sell side than i should follow the system mechanically or should i need to filter out buying or selling signal according to the trend condition (example taking sell signal only when i am seeing the down trend)?

[@PrateekSinghLearnApp]

If you find a system (we teach many on LearnApp) then follow it for as long as you can.

[@vishalgoswami7153]

@@PrateekSinghLearnApp Thanks. But can you please help me on this particular question?

[@PrateekSinghLearnApp]

So a system MEANS that you don't adjust the signals based on any other input like a trend etc..I hope you have tested the system well? Otherwise you would not have this question. So the answer is no, don't change the buy/sell based on trend. A good system should not need a human to think and change anything. Are you sure you have a good system?

[@vishalgoswami7153]

@@PrateekSinghLearnApp Yup! A consistent intraday short selling system. But i was thinking about the theory "always follow the trend" that's why i asked you it will help me to gain more or is it worthless in case of systematic trading. By the way thank you so much Prateek sir for adding value ❤️🙏.

[@SandeepKumar-qq5tm]

Dear sir, My name is , sandeep kumar and, i want learn option trading, so please guide me how to learn about option trading from you.

[@noblevarghese8581]

How to identify higher probability successful trades? Is there any system?

[@PrateekSinghLearnApp]

Do visit learnapp.com 😊

[@prathameshbagul6382]

Great video pratik sir just wanted to know is 1:2 risk reward with 56% accuracy is good enough ?

[@PrateekSinghLearnApp]

Yes this is perfect. What time frame and how many trades a month? Did you account for slippage and brokerage? - Prateek

[@prathameshbagul6382]

@@PrateekSinghLearnApp yes after slippage and all the charges average 40 trades a month with 5 min timeframe thanks for your reply

[@sanguvinayvarma8254]

sir what drives nifty or banknifty either the stocks involved in them or buy, sell actions of traders

[@PrateekSinghLearnApp]

Great question, nifty futures moves because of the underlying that is nifty spot. However buying and selling pressure creates a discount or premium on the futures contract itself. - Prateek :)

[@sanguvinayvarma8254]

@@PrateekSinghLearnApp Thank you for the reply sir.

[@dishanthrajpurohit1046]

Short summary: 1. Be a Robot on follow your system. 2. Patience is the key. Don't get panicked. 3. High success probability > High Rewards

[@PrateekSinghLearnApp]

Thanks for summarising 😊

[@NandanKumar-jn5uu]

How to join with you sir