Hi guys i am deepak banger i am founder of . profitabletraders i am a swing and positional trader i trade stocks for living and today in , this video we are going to discuss what are the three important things that a beginner should . keep in mind if they are about to start their journey in the stock market let it be investing or . trading if you are coming here for the first time on this youtube channel i suggest you subscribe to . my channel and hit that bell icon so that you will get notified whenever i am uploading the useful , content on this channel this channel is all about providing you with the right education the . right mindset and the right skills which are required to get those consistency consistent , and peaceful profits from the stock market even if you are absolute beginner so let's start . with the today's video first important point you should keep in mind is learn what doesn't work , in the market learn the factors which make people lose money in the market see we are here to make . money in the stock market right we are here to make profits but the hardcore reality is 90 of the people who start their journey in the markets they actually end up making losses in the markets and . it is very important that you study those reasons first the reason why you should do it because if you avoid those common mistakes you are already won the half battle towards profitability so in , this channel i am going to make a series where you know i am going to discuss based on my experience of or my observations of last eight years why people lose money in the stock market just avoid , those things and you have already halfway through your battle for profitability that's the first thing second important thing is about uh you know getting into the right kind of education which actually works in the market see stock market trading is a learnable . skill no one is born trader you learn it by doing it by practicing it and this is a process , that everyone has to go through whenever and it's similar to you know acquiring any other skill for that matter but what is important here is a word of question that i would like to give is .

learn this skill from someone who is already a trader who has done it for himself and who is demonstrated the profitability by teaching his the methods that he teaches actually are . profitable so that person has to demonstrate that so you should learn from a trader there are lots . of information today available on social media books new channels and lots of advisories let . it be our tips as we uh proudly call it as tips so there are lots of people who can . give you tips but if at all you have to make long term profits from the stock market tips , don't work you have to do your own research and that's why you will be able to do that only when you are learning the right things from the right person there is something else required actually to you know develop this as a skill that's why i suggest learn from a trader who is , teaching what he practices and which is proven to be a successful process anyone can read a , book learn a strategy and teach it but has he has he got the courage to implement the strategy , in his own trading account and is that actually profitable across different market conditions this . is what is important and you should definitely give it a thought learn from a trader this is . uh i would say if at all you have to take this one thing away from today's video this is this . learn from a trader who has done it successfully third important thing is start working on your , mindset mindset is properly the most underrated thing but in my view it is probably the most important thing which is responsible for your success analyze what are your beliefs about money . in general are do you have this scarcity mindset do you have the wrong notions about stock market which are you know from the childhood we have been the upbringing that we have received most . of the stories that we have heard about the big losses how stock markets ruin people's , lives how stock market is like gambling or etc we haven't been taught to treat stock market as a business and it can be done okay but start analyzing these things what are your concepts or your beliefs about stock market and money in general this is important because unless and until ,

you raise yourself to the vibrations of prosperity the right kind of beliefs about stock market and money the success in trading is next to impossible another thing with respect to , mindset i would like to mention here is are you having realistic expectations from stock market let me tell you from my experience stock market is not a get rich quick scheme in fact it's the fastest way to lose money if you don't do the right things in the stock market so have some realistic expectations it's not a place for people who are in the mindset of doubling their money every few months their money will be gone that's the one thing , which is sure so have realistic expectation treat it as a business do you have those core qualities , which are required for being a successful trader for example patience discipline or do . you believe in yourself okay so these are these are different things which i am going , to discuss in the next videos which are you know i personally feel that these are extremely critical for your success in the stock market so what are you doing to improve those mindset . related issues what you have the kind of mindset that is required for stock market success is , different than what is required in uh otherwise the professional life or academic life or our , other careers this is different mindset that we need to you know acquire so these three . important things first just to summarize start learning what doesn't work what are , the causes of failure or losses to most of the people second thing learn from a trader who , is profitable over there at least for one year and third thing start working on your mindset have that money abundance and prosperity mindset with the right kind of notions realistic . expectations about stock market so i hope you found this information useful if you find this useful just hit that like button and subscribe to my channel for getting the next update i thank you for your time and i'll see you in the next video,

How to avoid loss and earn consistently in the stock market|Trading For Beginners #ProfitableTraders