What is Margin? Margin Calls and Requirements Explained for Beginners

Day Trading for Beginners

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תוכן מסופק על ידי Tyler Stokes. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Tyler Stokes או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

On the Bus with Troy Vollhoffer

1
The Road Back to Country With Blake Shelton 25:13

לפני 12 ימים25:13

הפעל מאוחר יותר

רשימות

לייק

אהבתי

25:13

After taking a four year break on his Oklahoma ranch, Blake Shelton is back on the road and riding the high of his new album, For Recreational Use Only . After 29 number one hits, and a detour into Hollywood, Blake’s scorching hot single “Texas” proves he’s still got it. Country Thunder CEO Troy Vollhoffer recalls meeting Blake Shelton during a crazy storm that really put the “thunder” in Country Thunder. After 23 seasons on The Voice , Blake opens up about spreading himself thin and making the choice to be “a TV guy or a touring guy.” The two reminisce about Toby Keith and why being a road dog is the best way to learn how to entertain a crowd. Blake reveals how his worst on-stage “ass-kicking” taught him how to be himself in front of a crowd. After taking so much time away from the spotlight, Blake shares that it was Post Malone who reminded him that he’s still a country singer at heart.…

לפני שנה 32:55

MP3•בית הפרקים

What is Margin? It’s essentially a loan from your brokerage that allows you to buy more stocks than your cash balance would permit. This can amplify both gains and losses.
Margin Requirements: These are the guidelines set by brokers that dictate how much money you must keep in your account to cover your borrowed funds. We'll explain initial and maintenance margins.
Margin Calls: If your account value falls below the required level, you’ll face a margin call, compelling you to deposit more funds or sell some assets.
Buying Power: With margin, your buying power increases, allowing you to hold larger positions than you could with just your cash. However, this also increases your financial exposure.

Understanding the Risks: While margin can expand your investment capabilities, it also enhances potential losses. Managing these risks is crucial, especially for beginners not trading with real money yet.
Send me some feedback!

Website and Other Social Accounts:

https://stokestrades.com/

https://www.youtube.com/@StokesTrades
Join Our Free Community on SKOOL:

https://www.skool.com/day-trading-for-beginners

52 פרקים

#Trading #Business #Tyler Stokes

What is Margin? Margin Calls and Requirements Explained for Beginners

Day Trading for Beginners

0-10 subscribers

published לפני שנה

שתפו

MP3•בית הפרקים

What is Margin? It’s essentially a loan from your brokerage that allows you to buy more stocks than your cash balance would permit. This can amplify both gains and losses.
Margin Requirements: These are the guidelines set by brokers that dictate how much money you must keep in your account to cover your borrowed funds. We'll explain initial and maintenance margins.
Margin Calls: If your account value falls below the required level, you’ll face a margin call, compelling you to deposit more funds or sell some assets.
Buying Power: With margin, your buying power increases, allowing you to hold larger positions than you could with just your cash. However, this also increases your financial exposure.

Website and Other Social Accounts:

https://stokestrades.com/

https://www.youtube.com/@StokesTrades
Join Our Free Community on SKOOL:

https://www.skool.com/day-trading-for-beginners

52 פרקים

#Trading #Business #Tyler Stokes

כל הפרקים

1
The 7 Biggest Mistakes New Retail Traders Make (And How to Fix Them) 20:45

לפני 1 day20:45

20:45

Welcome to Season 3, Episode 8 of the Day Trading for Beginners Podcast! This episode talks about the seven biggest mistakes new retail traders make—and how to avoid them. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Portfolio updates: Trading Challenge 2025 Our Community on Skool: Come join us here What You’ll Learn : Letting Emotions Take Control : Emotions like fear and greed can lead to poor trades. Stick to a trading plan and journal your feelings to stay disciplined. Chasing Breakouts into Traps : Avoid buying at resistance; wait for pullbacks to support levels instead. Overtrading : Too many trades can drain your account. Focus on quality setups and resist the urge to trade out of boredom. Ignoring Risk Management : Over-leveraging or risking too much per trade can wipe you out. Use 1-3% entries and aim for steady gains. Abandoning Your Strategy : Stick to your plan, even when the market tests you, to avoid emotional trading. Buying High, Selling Low : Resist buying at peaks and selling at dips—use technical analysis to find support and resistance zones. Lack of Patience and Discipline : Treat trading as a long-term game, waiting for high-probability setups rather than forcing trades. Key Takeaway : Mistakes are part of the learning process—think of losses as tuition for mastering the markets. Awareness and a solid strategy can minimize damage and build confidence. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

1
My First 2 Months Trading - 20% Up, Mistakes Made, Lessons Learned 19:56

לפני 15 ימים19:56

19:56

Hi and welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com , and this is Season 3, Episode 6. In this episode, I share my journey of trading real money for the first time, starting in April 2025. With my portfolio up 20% in just two months, I’m happy—but I’ve made plenty of mistakes along the way. This isn’t a true day trading strategy (despite the podcast’s name), and I explain why my approach works for my busy schedule. Tune in for 6 key lessons I’ve learned, from the importance of patience to avoiding news-driven trades, plus tips for new traders navigating the markets. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Portfolio updates: Trading Challenge 2025 Our Community on Skool: Come join us here What You’ll Learn : My trading strategy: Buying at support, avoid chasing breakouts, and riding momentum. Why this isn’t day trading—and how to test strategies with paper trading. Mistakes like selling too early ($HIMS, $GOOG), missing resistance zones ($TSLA, $COIN, $HOOD), and rushing entries ($OSCR). The power of patience: Letting price come to you with 1-3% entries. How charts predict moves before news, and why you should ignore noise on social media. Disclaimer : This is not financial advice. I’m sharing my personal trading experience for educational purposes. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

1
Momentum Trading - I'm Using This Strategy While I Wait to Day Trade 15:52

לפני 10 weeks15:52

15:52

Hi and welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com , and this is Season 3, Episode 6. Today, I’m breaking down momentum trading , the strategy I’m using in my real money challenge from last week. I’m a beginner on a journey to become a full-time trader, but with my schedule, day trading’s not something I can actively do at the moment. So I'm gaining experience with this strategy. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here What I Covered Momentum Trading Basics : What it is and how it differs from day trading. Why I Chose It : My schedule led me to this slower, less stressful approach. How It Works : Buy at support, ride the trend, hold for bigger moves. Tools I Use : Market structure, moving averages, and more—simple stuff! Key Takeaways Momentum trading is about catching strong bull trends—higher highs, higher lows—buying at support when buyers are in charge. Think wealth-building, not quick flips! I stumbled into it because day trading’s fast pace doesn’t fit my life right now (kids, family, etc.). This strategy mixes swing trading vibes—holding days, weeks, or longer. That being said, you CAN trade this strategy on shorter time frames. How I do it: Spot bullish structure, buy low at support zones (using tools like Fibonacci, Ichimoku Cloud), and set limit orders at night—no daily stress! It’s slower than day trading (fast profits, in-and-out) but simpler for beginners IMO. You don’t need to watch every tick—just ride the trend and be patient. Tie-in: My real money challenge (updates in my Skool Group) uses this strategy—see my trades in action! Why It Matters Day trading’s the end goal (at least I think it is right now), but momentum trading fits my reality—less time, less pressure, and still profitable if the trend’s right. For beginners, it’s a gentler start: no lightning-fast moves, just spotting trends and holding on. It’s teaching me patience, planning, and market structure—skills I’ll carry to day trading later. Plus, with markets shaky now (tariffs, flash crashes), buying support could pay off big down the road—not financial advice, just my take! Final Thoughts I hope this peek into momentum trading helps! It’s not as flashy as day trading (still my goal!), but it’s working for me—slower, calmer, and wealth-focused. Markets are wild right now, but that’s where support zones shine. Join the Skool Group and follow my real trades and see this strategy play out. Thanks for listening—catch you next episode! Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

1
Can I Beat Tesla in This Trading Challenge? 15:00

לפני 11 weeks15:00

15:00

Welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com , and this is Season 3, Episode 5—a special one! Today, I’m sharing my real money trading challenge , where I’m putting cash on the line to test my strategy. I’m documenting every step, and you can follow along. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here What I Covered The Challenge : I’m trading real money with my momentum strategy—fully transparent. Strategy Basics : It’s about buying support, selling resistance. Rules & Goals : Five core rules to keep me disciplined, plus a Tesla benchmark. Why Now : Volatile markets could be my chance—or my downfall. Follow Along : Updates in my Skool group—trades, wins, losses, and lessons. Key Takeaways I’m kicking off today, April 7, 2025, with a market symmetry strategy (details in my Skoo group ). Every trade—entries, exits, wins, losses—goes public there. Total transparency! My five rules : 1) Stick to the strategy, 2) Never chase price, 3) Limit position size, 4) Buy at support, sell at resistance, 5) Stay uncomfortable—buy when it’s tough. More in the group! The fun part: Can I outperform Tesla stock by December 31, 2025? I sold some Tesla shares to fund this (not bearish—just wanted to raise cash!). Why now? Markets are shaky—S&P’s dropping, tariffs are looming, fear’s everywhere. For a momentum trader, these dips might be golden if I time support zones right. Not financial advice! I’m a beginner, not an advisor. This is my journey—watch, learn, but trade your own way. Why It Matters This challenge is about discipline —sharing every trade keeps me honest (no FOMO slip-ups!). It’s also about teaching —if you’re new, you might pick up something useful. Markets are wild, but I’m betting on patience and smart moves. I’ll lean on analysts for ideas, but every trade’s my call. Good or bad, you’ll see it all—I’m learning as I go! Final Thoughts I’m excited to launch this challenge! Will I beat Tesla? Honestly, I’m not sure—Tesla’s my biggest holding, and I think it’ll soar by year-end (not advice!). But this is about testing my skills, staying disciplined, and sharing the ride. Join me in my Skool group for weekly trade updates and monthly portfolio check-ins, wrapping up December 31st. Thanks for listening—let’s see how this goes! Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

1
From Panic to Profit - What Tesla’s $101 Drop Teaches Newbies 19:45

לפני 12 weeks19:45

19:45

Hi and welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com , and today I’m digging into why markets wear you down and breaking down support zones for new traders. I recorded this on Monday, March 24, 2025—a green day after a rough month. In my last episode, I talked about liquidity grabs, predicting March might end with a rebound. Before that, I covered market structure and high-timeframe support. Now, as we head into April, I’m tying it all together—did March’s dip hold as a base? By the time you hear this, we’ll know if the market bounced back. Either way, I’m here to explain why these ups and downs test your patience and how understanding support zones can keep you sane. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here What I Covered Why Markets Exhaust You : How constant testing of support zones messes with your head. Support Zones 101 : What they are and why they’re key for beginners. Famous Quotes : Wisdom from Warren Buffett and John Maynard Keynes to guide you. Capitulation Explained : What it looks like when traders give up—and why it might signal a bottom. Real Example : My own Tesla capitulation moment in 2023 and what I learned. Key Takeaways Markets wear you down by repeatedly testing support zones —think of them as invisible floors (e.g., $45 for a stock) where buyers step in, but the price keeps dipping back to test it. It’s like a ball bouncing over and over, asking, “Will this hold?” I love Warren Buffett’s line: “The stock market is a device for transferring money from the impatient to the patient.” If you panic-sell at $45 fearing a drop to $40, patient traders win when it rebounds to $48 or higher. Then there’s John Maynard Keynes’ warning: “The market can remain irrational longer than you can remain solvent.” If $45 breaks and drops to $35 for months, you might run out of cash or nerve—especially on margin. Capitulation is when everyone panics and sells (e.g., a break from $45 to $40, then $30). It’s scary, but often marks a bottom—like Tesla’s $101 low in January 2023 after a 65% drop, only to rebound to $173 by month-end. I sold some shares there and learned the hard way! Right now, March 24th feels like a test. If support holds and we’re green into April, it’s a win for patience over panic—maybe even a liquidity grab bottom from last episode. Why It Matters Trading’s a mental game as much as a numbers game. Markets test support to shake out the impatient—market makers love this, scooping up cheap shares while we fret. For beginners, knowing this helps you stay calm, spot patterns, and avoid selling low or betting too big. Experience matters—my Tesla flop ta Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

1
Liquidity Grabs and Market Makers - Decoding Market Tricks 21:38

לפני 14 weeks21:38

21:38

Hi and welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com , and this is Season 3, Episode 3. Today, I’m talking about liquidity grabs and market makers —two concepts that might sound mysterious but are key to understanding wild price swings. If you’ve ever wondered what a liquidity grab is or who these “market makers” are that people keep talking about, I’ve got you covered. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here What I Covered Liquidity Grabs Explained : What they are, why they happen, and how they look on a chart. Market Makers Unmasked : Who these big players are and how they pull the strings. Triggers : How stop-loss orders and leverage liquidations fuel these moves. Real-World Context : Why March 2025’s sell-off might just be a scare tactic by market makers. Beginner Tips : How to spot these patterns and avoid panic-selling or chasing highs. Key Takeaways I define a liquidity grab as a sharp price detour—dropping below support or spiking past resistance—to scoop up shares or cash, then snap back like nothing happened. Picture a net grabbing what’s available! These moves often tie to stop-loss orders (e.g., a $49.50 stop below $50 support triggers a sell-off) and leverage liquidations (e.g., Bitcoin dropping from $100K to low $70Ks forces margin sales). Market makers are the heavy hitters—like Citadel Securities, big banks (JPMorgan, Goldman Sachs), or exchange specialists—keeping markets flowing with deep pockets and fast tech. They spot order clusters and push prices to trigger them, grabbing shares cheap or selling high. Right now, I see this in action: Bitcoin’s fall to the $70Ks and Tesla’s dip to the low $200s might be market makers scaring retail traders into selling low—only to rebound later. My advice? Don’t panic-sell at support or chase all-time highs—understanding this can turn confusion into opportunity. Why It Matters After a year of studying charts, I’ve learned these swings aren’t random. Market makers exploit fear and greed, especially in the short term, to profit or manage inventory. For beginners, grasping this helps you see past the noise—whether it’s a news scare or a sudden drop—and stick to your strategy. Long-term, fundamentals win, but short-term, these players can shake things up! Final Thoughts I hope this clears up liquidity grabs and market makers for you! It’s wild to think this month’s sell-off could just be a big wick by April—proof that fear doesn’t always mean a bear market. (Not financial advice—just my take!) Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

1
Market Structure 101 - A Beginner’s Guide to Reading Trends 19:37

לפני 15 weeks19:37

19:37

Welcome back to the "Day Trading For Beginners" podcast! In this episode we're talking about the essentials of market structure - a foundational concept for traders at any level. Whether you’re just starting out or sharpening your skills, I’ll show you how understanding market structure can turn chaotic price charts into a clear story of trends, reversals, and opportunities. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here YouTube Video: Coming Soon What You’ll Learn Market Structure Basics : What it is and why it matters for beginners. Key Terms : Higher highs, higher lows, break of structure (BOS), and change of character (CHoCH). Trend Identification : How to spot uptrends, downtrends, and consolidation using simple examples. Timeframe Impact : Why hourly, daily, or weekly charts tell different stories—and how to pick the right one for your strategy. Practical Tips : How to start analyzing charts with free tools like TradingView and build confidence in your trades. Takeaway Quote “Market structure isn’t a mystery—it’s price showing you who’s boss: the buyers or the sellers.” Next Steps Grab a chart (try Apple or Tesla!), mark those highs and lows, and start decoding the story. Whether you’re day trading or swinging on higher timeframes, this episode gives you the tools to trade with clarity. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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Season 3 Premier - The Morning Routine for Trading Success 27:56

לפני 19 weeks27:56

27:56

Welcome to the "Day Trading for Beginners" podcast, season three, episode one. Today we're talking about an effective morning routine for traders. As we embark on 2025, it's crucial to establish practices that enhance productivity and set a positive tone for the day, especially for those balancing trading with personal commitments. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here The Miracle Morning: Order on Amazon Find My Script Here: https://stokestrades.com/morning-routine-for-traders/ Why a Morning Routine? The reality is, many of us juggle multiple responsibilities alongside trading, which makes a disciplined start to the day even more valuable. A structured morning routine has transformed my productivity, a practice I honed while running my online business before transitioning to trading. The Miracle Morning Method Today, I want to share the Miracle Morning method, which can revolutionize your mornings and can be adapted for trading. The method includes: Silence (S) : Start with meditation or deep breathing to calm the mind and reduce stress, crucial for avoiding emotional trading and just starting your day on the right path. Affirmations (A) : Reinforce your trading goals and mindset with positive affirmations. These help solidify your commitment and focus. Visualization (V) : Picture your trading day unfolding successfully, which can help manifest these outcomes in reality. Exercise (E) : A brief physical activity can energize you and enhance mental clarity. Reading (R) : Spend a few minutes reading something educational or motivational to expand your trading knowledge. Scribing (S) : Journaling your trading plan and reflections can improve discipline and track progress. Implementing the Routine This routine doesn’t need to be lengthy; even a condensed version can significantly impact your trading mindset and effectiveness. Tailor it to fit your lifestyle and see how it transforms your productivity and trading discipline. Adapting to Realities Life’s unpredictabilities, like family commitments or unexpected illnesses, can disrupt our routines. It’s crucial to maintain a long-term perspective and adapt. Success in trading, like in any professional field, requires persistence and resilience. Looking Ahead Throughout this season, we will explore practical trading applications and share real-money trading experiences, documenting the journey in our community on Skool. Join us there for more detailed discussions and to share your progress. Thanks for tuning in to the first episode of season three. I'm Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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Year In Review - Lessons from My Trading Journey (Season 2 Finale) 21:06

לפני 24 weeks21:06

21:06

Welcome to the "Day Trading for Beginners" podcast, season two, episode 12. Today we're wrapping up the season with a year-in-review episode. As we conclude 2024, a year filled with learning and growth, I want to reflect on the key lessons from my journey toward becoming a full-time day trader and share plans for 2025. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here Lessons Learned The most significant takeaway this year has been the importance of trading psychology. The mental aspect of trading, including dealing with overtrading, FOMO, and maintaining patience, is crucial. Understanding that opportunities in trading are recurrent and that you don't need to rush or force trades was a pivotal lesson. Many successful traders have experienced significant losses early in their careers, underscoring the importance of psychological resilience and the necessity to stick to your strategy meticulously. Tools and Strategies In terms of tools, TradingView has been indispensable for chart analysis, and I recommend it to anyone in the trading field. While paper trading, I realized the importance of not overly stressing about having perfect market data since the strategy I employ doesn’t require split-second decisions typical in day trading or scalping. Regarding trading strategies, while I began with an intent to day trade, the swing and momentum trading strategies aligned better with my personal and professional schedule. This adaptability is crucial as your trading strategy should complement your lifestyle and availability. Community and Mentorship Finding a mentor or joining a community that aligns with your trading goals is vital. However, be cautious as the trading education space can be fraught with expensive and unhelpful courses. The community on Skool, although geared towards beginners, is an excellent start for consistent engagement and learning. Looking Ahead to 2025 As we move into 2025, I plan to start trading with real money, cautiously and transparently. I intend to share my trades within the community, which will not only help others but also enforce discipline in my trading practices. The next season will focus more on specific trading aspects that we didn't get to cover like market structure and understanding market makers’ influence, which are often overlooked but critical for trading success. Final Thoughts For beginners, my advice is to start slowly but remain consistent. Paper trade to make your initial mistakes without financial consequence, and immerse yourself in a community or mentorship to enhance your learning curve. Remember, the journey to becoming a successful trader is marathon, not a sprint. Thank you for joining me this season. I look forward to delving deeper into practical trading strategies and psychological aspects in season three. D Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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How to Become a Better Trader - Embracing Trading Obstacles with a Zen Approach 20:32

לפני 29 weeks20:32

20:32

Welcome to Episode 11 of the "Day Trading for Beginners" podcast, titled "Embracing Trading Obstacles with a Zen Approach." I'm Tyler Stokes from StokesTrades.com, on my path to becoming a full-time trader. In this season we're talking about strategy and for those interested in the details of the strategy I'm using, check out our free community on Skool. For this episode I want to talk more about the mental side of implementing a strategy, and the two main points are identifying obstacles, and developing a "Zen" approach to trading... Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Our Community on Skool: Come join us here The Obstacle is the Way - Amazon The Zen Trader - Amazon Trading Psychology: Our main topic today revolves around two significant concepts in trading psychology that I've encountered through my readings: "The Obstacle Is the Way" by Ryan Holiday, and "The Zen Trader." Both books offer profound insights into facing challenges not just as barriers but as opportunities for growth and mastery. The Stoic Philosophy in Trading: The idea that "The Obstacle Is the Way," draws from stoic philosophy, suggesting that what we often see as impediments to our success are actually the paths we need to take. Applied to trading, this means transforming trading challenges into opportunities for developing discipline, patience, and strategic mastery. Zen Approach to Trading: Alongside stoicism, we explore the Zen approach to trading, which emphasizes introspection and the calm acceptance of market conditions. This method helps in managing our responses to market volatility and maintaining discipline in our trading practices. Practical Trading Examples: In my own trading, I've identified specific obstacles such as impatience and overallocation. By acknowledging these challenges, I've begun to see them as areas for growth. Addressing these issues head-on helps in refining my trading strategies and improving my overall decision-making process. Introspection and Growth: I emphasize the importance of introspection in trading—understanding one's emotions, triggers, and habits is crucial for long-term success. Journaling trades and reflecting on trading decisions can significantly enhance one’s strategic approach. Conclusion: As we wrap up this episode, I reiterate that the true path to trading mastery involves understanding and leveraging one's personal trading obstacles. By adopting a Zen-like mindset and embracing stoic principles, traders can navigate the markets more effectively. For those looking to dive deeper, I recommend reading "The Zen Trader" and "The Obstacle Is the Way" to get a more comprehensive understanding of how these philosophies can fundamentally improve your trading psychology. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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The Hardest Part About Trading + Rules and Common Mistakes 15:48

לפני 32 weeks15:48

15:48

Welcome to Episode 10 of the "Day Trading for Beginners" podcast. I'm Tyler Stokes from StokesTrades.com, and today, we're diving into the trading rules I'm adhering to, the common mistakes I've encountered, and the challenges of sticking to a strategy. This episode is crucial for anyone on the path to becoming a full-time day trader, offering insights into maintaining discipline amidst market pressures. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Detailed Trading Rules and Mistakes: See this post in our group here. Key Trading Rules and Common Mistakes: Trading rules are foundational, yet adhering to them consistently is a struggle many traders face, myself included. Emotional trading, such as reacting impulsively to market changes or doubling down after losses, often leads traders astray. This is why starting with paper trading is vital—it allows you to experience these pressures without the financial fallout. Essential Trading Rules: Stick to Your Strategy: Discipline is what separates successful traders from those who fail. It’s about executing your strategy mechanically, without letting emotions get in the way. Never Chase Prices: Always let the price come to you. Engaging in FOMO leads to entering trades at suboptimal times. Limit Position Size: Never allocate more than 10% of your portfolio to a single trade. Adjust your investment based on the volatility and your confidence in the trade. Buy at Support and Sell at Resistance: Avoid trading in uncertain ranges. Clear support and resistance levels offer better probability for successful trades. Embrace Discomfort: Buying at support levels, especially during dips, can feel counterintuitive and uncomfortable, but it's often where the best opportunities lie. Implementing Rules and Handling Mistakes: Sticking to these rules is challenging, especially under real market conditions where emotional trading can lead to rash decisions. On Halloween, I was reminded of this when I attempted to buy at what I believed were support levels, only to see the market continue to fall. This experience underscored the importance of not only setting rules but rigidly following them to avoid common pitfalls like overtrading and emotional reactions. Conclusion: In trading, the technical skills required to analyze the market are crucial, but the ability to maintain a disciplined mindset is equally important. Through paper trading, I've been able to practice and refine my approach without financial risk, preparing me for real-world trading where stakes are higher. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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The Strategy I'm Seeing Results With - How it Works 19:43

לפני 33 weeks19:43

19:43

Welcome to Season 2 Episode 9 of the "Day Trading for Beginners" podcast. I'm Tyler Stokes from StokesTrades.com, and as I progress in my journey to become a full-time day trader, I've been exploring various trading strategies. Today, I'll share more specifics about the strategy I'm currently learning, which is more aligned with swing and position trading, though it can be adapted for day trading as well. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Market Symmetry Strategy Explained: See this post in our group here. Market Symmetry Strategy: The core of this strategy revolves around market symmetry, recognizing patterns that repeat over time. Key components include: Entry Points: Buy at support levels or after a backtest of a breakout. Trading Philosophy: Focuses on buying during pullbacks to support levels, utilizing patterns to guide trading decisions without emotional interference. Tools and Indicators: To implement this strategy effectively, I use several technical tools: Ichimoku Clouds: Provides a visual representation of support and resistance. Fibonacci Retracements: Helps identify potential reversal points. Gann Charts: Used to observe market symmetry and predict future price movements. Market Structure Analysis: Understanding overall bullish or bearish trends to make informed trading decisions. Learning from a Pro: I've been learning this strategy from a professional trader known as The Great Mattsby , whose insights on market symmetry have been invaluable. For those interested, I've included links to his resources and Patreon in this write up. Practical Application: Practicing this strategy in my paper trading account has been immensely beneficial. It's one thing to study a strategy, but applying it practically offers a whole new level of understanding and skill development. Next Steps: In the upcoming podcast episodes, I'll share my experiences applying these strategies, focusing on the rules I've followed and the common mistakes encountered during live trading sessions. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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Day Trading vs Swing Trading + The PDT Rule 18:40

לפני 34 weeks18:40

18:40

Welcome to Episode 8 of the "Day Trading for Beginners Podcast." I'm Tyler Stokes from StokesTrades.com. As I journey towards becoming a professional day trader, I'm exploring various trading strategies, and in this episode, we'll compare day trading with swing and position trading. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Resources Mentioned: Market Symmetry Strategy Explained: See this post in our group here. The WIKI: Download it here (There may be newer versions you can search for on the forum) Today’s Topic – Trading Strategies Compared: Many beginners will likely need to decide whether day trading, swing trading, or position trading suits their lifestyle and goals best. This episode breaks down the differences and shares insights into the strategies I am currently exploring. My Trading Strategy Exploration: Day Trading Strategy: Following a strategy from the Real Day Trading Reddit group, focusing on quick, intra-day trades to capitalize on short-term market movements. Swing/Position Trading Strategy: Inspired by a trader known as The Great Mattsby, this strategy involves holding positions longer to leverage market trends, which I find increasingly appealing. Key Differences: Day Trading: Involves buying and selling within the same trading day. Requires intense focus and quick decision-making to exploit small price movements. Swing Trading: Targets gains over several days to weeks by taking advantage of short to medium-term trends. Position Trading: The longest-term trading strategy, where traders hold positions for months or even years, based on broader market trends. PDT Rule Discussion: An essential aspect for day traders to understand is the Pattern Day Trader (PDT) rule, which affects traders using margin accounts in the U.S. by requiring a minimum account balance of $25,000 if executing four or more day trades within five business days. Choosing the Right Strategy: Deciding on the right trading strategy involves testing and personal reflection. While I began with a focus on day trading, my current study of swing and position trading strategies may influence a shift in my trading approach. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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My Day Trading Setup - Computer, Software and Tools You Need 19:21

לפני 36 weeks19:21

19:21

Welcome to Episode 7 of the "Day Trading for Beginners Podcast." I'm Tyler Stokes from StokesTrades.com, on my journey to becoming a full-time day trader. This episode, we're exploring my initial day trading setup as a beginner who's recently started paper trading. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Our Free Community on Skool: See this post in our group here. All Resources: https://stokestrades.com/day-trading-setup/ Setting up your trading environment is crucial as you transition from learning to actual trading. I’ll share the details of my current setup to help you understand what you might need to get started efficiently. Essential Components of My Setup: Brokerage Account: I use Interactive Brokers for its robust platform. Charting Software: I’ve chosen TradingView for its user-friendly interface and comprehensive tools. Trading Journal: Trader Sync is my choice for tracking trades and analyzing performance. Scanners and Screeners: I use Interactive Brokers' scanner and TradingView’s screener to identify trading opportunities. Computer and Monitors: A reliable computer with at least two monitors is crucial for effective trading. Guidance for Beginners: Don’t feel pressured to have everything figured out immediately. Start with the basics, and as you advance in your trading journey, you can refine your setup. The key is to begin with essential tools that allow you to execute and analyze trades efficiently. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

1
What is Margin? Margin Calls and Requirements Explained for Beginners 32:55

לפני 37 weeks32:55

32:55

Welcome to episode 6 of the "Day Trading for Beginners Podcast." I'm Tyler Stokes from StokesTrades.com, embarking on a full-time day trading journey. This episode, we're taking a brief pause from strategy discussions to talk about a fundamental concept every trader encounters: margin. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Our Free Community on Skool: See this post in our group here. Today’s Topic – Understanding Margin: Margin trading can significantly increase your purchasing power but comes with its risks. This episode will break down the basics of margin, including what it is, margin requirements, margin calls, and how margin impacts buying power. Key Concepts Covered: What is Margin? It’s essentially a loan from your brokerage that allows you to buy more stocks than your cash balance would permit. This can amplify both gains and losses. Margin Requirements: These are the guidelines set by brokers that dictate how much money you must keep in your account to cover your borrowed funds. We'll explain initial and maintenance margins. Margin Calls: If your account value falls below the required level, you’ll face a margin call, compelling you to deposit more funds or sell some assets. Buying Power: With margin, your buying power increases, allowing you to hold larger positions than you could with just your cash. However, this also increases your financial exposure. Understanding the Risks: While margin can expand your investment capabilities, it also enhances potential losses. Managing these risks is crucial, especially for beginners not trading with real money yet. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Win Rates and Ratios - The Keys to Consistent Day Trading Profits 21:42

לפני 38 weeks21:42

21:42

Welcome to season 2 episode 5 of the "Day Trading for Beginners Podcast." This episode focuses on essential trading metrics: win rates and risk-to-reward ratios, crucial for evaluating the effectiveness of your trading strategy. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here TraderSync Trading Journal: Visit the official website here Our Free Community on Skool: See this post in our group here. Today’s Focus – Win Rates and Risk-to-Reward Ratios: Understanding and calculating win rates and risk-to-reward ratios are fundamental for any trader. These metrics help you gauge the effectiveness of your strategies and manage your trades more precisely. Win Rates: Your win rate indicates the percentage of trades you win out of the total trades you make. For example, a win rate of 60% means you win 60 out of 100 trades. Aiming for at least a 75% win rate is a good benchmark for consistent profitability. Risk-to-Reward Ratios: This measures potential gains against potential losses in each trade. A common target is a 2:1 ratio, where you aim to gain $2 for every $1 risked, balancing the occasional losses with more substantial gains. Trading Tools and Resources: TradingView: I use TradingView for analyzing trades and setting up charts. It's a powerful tool for seeing how confluence works in action. You can start with a free account. Visit their website here. TraderSync: To journal my trades and track these metrics over time, I will use TraderSync. It's essential for refining strategies and improving trade outcomes. Visit their website here. Community Engagement: Join our Day Trading for Beginners group on Skool where you can connect with other traders, find accountability partners, and access a wealth of shared knowledge. Closing Thoughts: Mastering win rates and risk-to-reward ratios not only enhances your trading strategy but also boosts your confidence in making informed trading decisions. These metrics are key to managing your trades and ensuring long-term profitability. You won't master them right away, but overtime you should understand what these are in your own trading. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Confluence... Do You Know What This Means? 8:01

לפני 39 weeks8:01

8:01

Welcome to another episode of the "Day Trading for Beginners" podcast. In this short episode, we're going to talk about confluence. If you're just joining us, be sure to download the 6 Month Blueprint that offers a roadmap for your first steps as a day trader. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here The WIKI: Download it here (There may be newer versions you can search for on the forum) Our Free Community on Skool: See this post in our group here. What is Confluence? Confluence in trading refers to a situation where multiple technical indicators or analysis techniques align, suggesting a more robust forecast for market direction. This alignment increases the likelihood of a successful trade by reinforcing the signal strength. Seeing Confluence in Action: To observe confluence firsthand, you can use charting tools like TradingView. I've included a link in the show notes for you to access TradingView, where you can sign up for a free account with some limitations. This tool is excellent for visualizing how different indicators converge on a chart to indicate potential trading opportunities. Why Confluence Matters: Understanding and identifying confluence is crucial because it helps traders make more informed decisions. Instead of relying on a single indicator, confluence allows you to gather evidence from multiple sources, reducing the risk of false signals and increasing your confidence in executing trades. Examples of Confluence: Moving Averages: A bullish signal is reinforced if the price is above both the 50-day and 200-day moving averages, and the shorter moving average crosses above the longer one. Support and Resistance Levels: A price breaking through a resistance level while other indicators signal a bullish trend can signify a strong upward move. MACD (Moving Average Convergence Divergence): If the MACD line crosses above the signal line at the same time the price moves above a key moving average, it suggests bullish momentum. Volume: An increase in trading volume accompanying a price breakout above resistance indicates strong buyer interest and supports the price movement's sustainability. Ichimoku Cloud: When 3 of the 4 indicators are bullish on the Ichimoku Cloud, and price is above the 50 week moving average, there is confluence among these indicators. Closing Thoughts: Today's episode was a concise exploration of confluence, a key concept that you'll encounter repeatedly in your trading journey. By understanding and utilizing confluence, you can enhance the accuracy of your trades and make more strategic decisions. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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How to Tell the Story of a Stock + I Bought a Trading Course 13:03

לפני 40 weeks13:03

13:03

Welcome to another episode of the "Day Trading for Beginners" podcast. In this season, we are discussing strategy. If you're just joining us, be sure to download the 6 Month Blueprint that offers a roadmap for your first steps as a day trader. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here The WIKI: Download it here (There may be newer versions you can search for on the forum) Exploring a New Strategy: Today’s episode focuses on understanding the 'story' a stock tells through its market behavior, a concept I encountered while studying the strategy guide from the RealDayTrading Reddit group. You can find this guide, which is integral to the strategy we're discussing, linked above. The Importance of the Stock's Story: In the guide, there's a section that explains how to interpret the narrative of a stock, exemplified through a case study of Microsoft. The guide stresses the importance of context in evaluating price movements—understanding the 'story' helps distinguish between meaningful trends and market 'noise.' This clarity is crucial for making informed decisions about when to enter or exit trades. Connection to Another Strategy: This concept of storytelling in stock analysis reminded me of another trader, Matt, known as 'The Great Mattsby,' whose insights I’ve followed on YouTube and X. Matt has an exceptional knack for breaking down complex market data into understandable narratives. I have no affiliation with Matt, but his expertise in telling the story of a stock and market has significantly influenced my understanding of technical analysis. Learning from Matt: Visit Matt on YouTube here Visit Matt on X here Impressed by his approach, I decided to invest in Matt’s course to deepen my knowledge of technical analysis and market patterns. Matt's course offers detailed video lessons on various technical indicators and trading strategies, focusing on market symmetry — recognizing consistent patterns that indicate potential buying or selling opportunities at support and resistance levels. Matt’s Unique Perspective: When I asked Matt about his edge in trading, he highlighted his ability to identify market symmetry across different charts, which he believes is crucial for trading without emotion. This skill allows him to execute trades based on solid analytical foundations rather than speculative guesses. Why This Matters: Understanding the narrative that charts and market data present can transform how new traders perceive and react to market conditions. This approach not only aids in developing a strategic edge but also aligns with the lessons from the free Wiki guide by providing a structured method to interpret market dynamics. Looking Ahead: As we continue to explore these strategies, I plan to integrate insights from both the Wiki and Matt’s t Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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My First Day Trading Strategy - Finding An Edge 16:13

לפני 41 weeks16:13

16:13

Welcome back to the "Day Trading for Beginners" podcast. Today, we reveal the first day trading strategy I'm exploring. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here The WIKI: Download it here (There may be newer versions you can search for on the forum) Resource: Relative Strength and Weakness Explained Transitioning from Basics to Strategy: Having established a solid foundation over the initial six months, which covered everything from setting up a brokerage and paper trading account to understanding the basics of stocks, options, and technical analysis, the question now is: what's next? How do I decide on a strategy for making trades? Choosing My First Strategy: The strategy I've decided to start with comes from the founder of the ReaDayTrading Reddit group, named Hari. He has created a comprehensive guide, or Wiki, which is completely free and appears to offer transparent, valuable insights into day trading. The Trading Strategy: This strategy revolves around following the big moves in the market, specifically what large institutions are doing. The theory is that by understanding and mimicking the actions of these major players, smaller traders can find success. "The edge of this strategy lies in closely tracking the actions of big institutions. These entities have the financial power to significantly influence market movements, and by aligning with their trades, you can leverage their market impact to your advantage." Exploring Further Strategies: While I begin with this strategy, I'm also looking into another strategy by a trader named Matt, known as 'The Great Mattsby'. I'll share more about this and compare the two approaches in future episodes, providing insights into why different strategies might appeal to different traders. Download Resources and Subscribe: Visit StokesTrades.com/blueprint to download the 6 Month Blueprint for free and subscribe to the podcast to not miss out on forthcoming episodes detailing real day trading strategies and educational content. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Season 2 Premiere - It's Time to Learn a Strategy 18:54

לפני 42 weeks18:54

18:54

Hi, I'm Tyler Stokes, and I'm thrilled to welcome you back to the "Day Trading for Beginners" podcast. If you're a new listener, I recommend starting with Season 1 and downloading the 6 Month Blueprint to catch up on all we've covered. For those who've been with us, welcome to the next phase where we'll focus on actual day trading strategies. Download the 6 Month Blueprint: https://stokestrades.com/blueprint TradingView Charting Software: Start a free trial here Resource: Technical Analysis for Beginners The WIKI: Download it here (There may be newer versions you can search for on the forum) Recap and Introduction: Season 2 is all about moving forward with what we've learned and applying it to day trading strategies. If you're just joining us and feel new to the scene, it's crucial to start from the beginning to build a solid foundation. The 6- Month Blueprint outlines all the essential steps from setting up a brokerage account to understanding the basics of technical analysis. Strategy Exploration: The primary goal for this season is to transition from understanding technical tools to learning a trading strategy. We'll explore various strategies, starting with an approach from the RealDayTrading Reddit group's Wiki, which I've found to be a robust starting point. Paid Resources: While the initial learning phase can be done for little to nothing, there comes a time when investing in more detailed courses or tools may be beneficial. I'll share my experiences with paid resources that can offer deeper insights into specific strategies or technical setups as the season progresses. Mindset and Expectations: It's crucial to maintain a balanced approach between eagerness to progress and realistic pacing. The journey to becoming a proficient trader can take years, and it's important to pace yourself according to your life's commitments and time availability. Looking Ahead: In the next episodes, I'll review the specifics of the strategies I'm exploring, including insights from the Wiki and additional resources that may involve some costs but offer substantial educational value IMO. We'll discuss how these strategies can be integrated and adapted to suit individual trading styles and goals. Stay Tuned: Thank you for joining me as we kick off Season 2. Be sure to subscribe to the podcast. I look forward to sharing more about my trading strategy explorations and learning experiences in upcoming episodes. Join Us: Remember to join our free community on Skool for more interactive discussions and shared learning experiences. Here's to a productive season of trading insights and strategy development! See you in the next episode. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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The 6 Month Blueprint UPDATE - Season 1 Finale 28:17

לפני 51 weeks28:17

28:17

Welcome to episode 32 of the "Day Trading for Beginners" podcast, the finale of our first season! Today I'll be recapping our journey since starting in January 2024. I'll share some valuable resources and my personal reflections on how things have gone. After this episode, we'll take a break for July and August, but don't worry, we'll be back live on September 2nd . Download the 6 Month Blueprint: https://stokestrades.com/blueprint ***All resources and links mentioned are found in the Blueprint. Download it for free here. *** Recap of the Season: We started this journey in January 2024, and now, 6 months later, we're taking a moment to review the progress. This episode will dive into the major steps and topics we've covered, reflecting on what has worked and the lessons learned. Blueprint for Success: If you haven't already, I highly recommend downloading the 6 Month Blueprint. This document outlines every step I've taken and includes links to all the content created, along with the free courses available on our community platform on Skool. It's completely free and a great tool to stay updated with all the latest revisions and helpful tips. Personal Journey and Future Plans: As we wrap up the first season, I'll share how my personal commitments and my schedule constraints have influenced my learning pace and study habits. These might be relatable to your personal schedule. Season 2 Preview: The podcast will resume on September 2nd, marking the start of Season 2. During the break, I’ll be preparing new content and updating our strategy based on the insights and feedback from Season 1. Expect more detailed discussions on technical analysis, options trading, and possibly new trading strategies that align with our growing skills and market insights. Join Our Community: Don’t forget to join our community on Skool, where you can access all the resources discussed, interact with fellow learners, and find accountability partners to keep you motivated. It’s a great place to share your progress and learn from others’ experiences. You can join for free here. Stay Connected: Make sure to subscribe to the podcast to get notified when we return for Season 2. All the links and additional resources mentioned in today’s episode are found in the Blueprint. Thank you for tuning in, and I look forward to kicking off the next phase of our trading journey together in September. Happy studying, and see you soon! Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Technical Analysis for Beginners - Resources to Help You Get Started 34:22

לפני 1 year34:22

34:22

Welcome to episode 31 of the "Day Trading for Beginners" podcast. Today, we're taking a step back to review all the fundamental concepts of technical analysis we've explored so far. This recap will prepare us for the upcoming season finale and help solidify your understanding of the various tools and strategies we've discussed. Key Resources: Download the 6 Month Blueprint Content Hub Page on Technical Analysis Community on Skool - Technical Analysis Course and Resources Technical Analysis of the Financial Markets (Textbook) Free Charting Software - TradingView.com Topics Covered: Introduction to Technical Analysis: Comparison between technical and fundamental analysis. Key principles of technical analysis: price action, trends, and historical patterns. Candlestick Patterns: Basics of reading candlestick charts and understanding the market sentiment they convey. Trends and Trend Lines: Importance of identifying trends and how to accurately draw trend lines to forecast market movements. Support and Resistance Levels: Techniques for determining where the market will likely encounter support or resistance. Technical Indicators and Oscillators: Discussion on tools like RSI, MACD, and moving averages that help predict future market movements. Volume Analysis: The role of trade volume in confirming trends and providing insights into market strength. Chart Patterns: Introduction to patterns like head and shoulders, which indicate potential market reversals. Elliott Wave Theory: Overview of Elliott Wave Theory for forecasting market trends based on investor psychology. Conclusion: This episode serves as a foundation to reinforce your knowledge and ensure you have a solid understanding of the tools and strategies discussed throughout the season. Whether you're a new listener or need a refresher, this recap will provide you with the insights needed to refine your trading techniques. Season 1 finale episode is next! Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Elliott Wave Theory for Beginners - Intro to the Fibonacci Numbers 32:28

לפני 1 year32:28

32:28

Welcome to episode 30 of the "Day Trading for Beginners" podcast. Today, we talk about Elliott Wave Theory, an intriguing concept in technical analysis that could enhance your trading strategies. Download the 6 Month Blueprint: https://stokestrades.com/blueprint Full Article: https://stokestrades.com/elliott-wave-theory/ What You Will Learn: Basics of Elliott Wave Theory and its application in the markets. Understanding impulse waves and corrective waves. Integration of Fibonacci ratios with Elliott Wave Theory for predicting market movements. Key Takeaways: Elliott Wave Theory offers a structured way to understand market dynamics through wave patterns. Combining Elliott Wave Theory with Fibonacci tools provides a powerful framework for forecasting market trends and making informed trading decisions. Practical application through resources and live trading examples helps in grasping the complex concepts of the theory. Conclusion: Elliott Wave Theory is a compelling analytical tool for traders looking to understand deeper market trends and enhance their trading strategy. While it may appear complex, resources and practical examples can simplify its application for day trading. Resources: TSLA Tracker on X: https://x.com/SBZung Slideshow Presentation: Fibonacci Pinball Educational Site: https://www.elliottwavetrader.net/ Charting Software: https://TradingView.com Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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90% Failure Rate? Here's Why It Doesn't Matter 11:57

לפני 1 year11:57

11:57

Welcome to a special bonus episode of the "Day Trading for Beginners" podcast. Today, we address a vital question from our community regarding the perceived high failure rate in day trading and whether it should deter aspiring traders. Join Our Community Here: https://www.skool.com/day-trading-for-beginners YouTube Video: David Goggins: How to Build Immense Inner Strength Key Takeaways: Day trading, like any high-skill profession, requires dedicated learning and practice. The perceived high failure rate should not deter motivated individuals who are prepared to invest in their education and manage risks effectively. Engaging with a supportive community can enhance learning and increase chances of success. Conclusion: While day trading presents significant challenges, understanding and navigating these with the right tools and community support can lead to rewarding outcomes. This episode demystifies the journey and encourages traders to pursue their passion with informed strategies and support. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Chart Patterns for Beginners - The Head and Shoulders Pattern Explained 32:26

לפני 1 year32:26

32:26

Welcome to episode 28 of the "Day Trading for Beginners" podcast. Today, we explore the concept of chart patterns, focusing on one of the most reliable patterns known as the head and shoulders pattern. This episode will serve as an introduction to chart patterns, providing insights into their formation and implications. Download the 6 Month Blueprint: https://stokestrades.com/blueprint Textbook Recommendation: Technical Analysis of the Financial Markets What You Will Learn: Introduction to chart patterns, particularly the head and shoulders pattern. Understanding the reliability and implications of recognizing such patterns. Resources for further learning and visualization of chart patterns. Key Topics Discussed: Overview of Chart Patterns: Definition and importance of chart patterns in technical analysis. Introduction to the head and shoulders pattern as a key reversal pattern. Head and Shoulders Pattern: Detailed explanation of the head and shoulders pattern formation. Understanding the components: left shoulder, head, right shoulder, and neckline. Implications of the pattern on trading and market trends. Resources for Further Learning: Recommendation of the textbook " Technical Analysis of the Financial Markets " for deeper insights. Encouragement to check visual resources on YouTube and other platforms for better understanding. Check out the full article here: https://stokestrades.com/chart-patterns-and-reversals Conclusion: Chart patterns like the head and shoulders provide significant insights into market trends and potential reversals. Understanding these patterns can enhance your trading strategies and decision-making process. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Volume Analysis for Beginners - An Intro to Volume and the VWAP Indicator 24:41

לפני 1 year24:41

24:41

Welcome to episode 27 of the "Day Trading for Beginners" podcast. Today, we discuss volume analysis, an essential aspect of trading that goes hand-in-hand with price movements. After discussing technical indicators in our last episode, today's focus shifts to understanding volume and its implications on trading, specifically through the volume weighted average price (VWAP). Download the 6 Month Blueprint: https://stokestrades.com/blueprint Watch the Video Here: https://youtu.be/FGzRClvw-30 Sign Up for TradingView Here: https://tradingview.com What You Will Learn: Basics of volume in trading. Detailed exploration of the Volume Weighted Average Price (VWAP) indicator. How volume can influence trading decisions. Key Topics Discussed: Introduction to Volume Analysis: Understanding the role of volume in trading. The significance of volume in assessing market trends and reversals. Volume Weighted Average Price (VWAP): Explanation of VWAP and its calculation. Practical applications and how it differs from other volume indicators. Implications of Volume in Trading: How volume can confirm trends or signal potential reversals. Divergence between volume and price movements and what it indicates. Recommended Resources: Visit our YouTube channel for visual explanations of volume analysis and indicators. Download the 6 Month Blueprint from StokesTrades.com/blueprint for a comprehensive guide and additional resources used in my trading journey. Full article with table and images: https://stokestrades.com/volume-analysis Conclusion: Understanding volume alongside price action is crucial for making informed trading decisions. Volume analysis, particularly through indicators like VWAP, provides deeper insights into market dynamics and helps traders gauge the strength and potential sustainability of price movements. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

1
Technical Indicators and Oscillators - Moving Averages, RSI and MACD (Intros) 47:29

לפני 1 year47:29

47:29

Welcome to episode 26 of the "Day Trading for Beginners" podcast. In this episode, we talk about the basics of technical indicators and oscillators, essential tools for anyone interested in technical analysis. We'll focus on 3 popular indicators: Moving Averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD). Download the 6 Month Blueprint: https://stokestrades.com/blueprint Watch the video on YouTube: https://youtu.be/PhzO7iTBoMs Sign up for TradingView: https://tradingview.com What You Will Learn: What technical indicators and oscillators are and how they aid in trading decisions. A brief look at Moving Averages, RSI, and MACD. Key Topics Discussed: Technical Indicators and Oscillators: Definition and importance in day trading. Explanation of how indicators and oscillators assist in analyzing past and current price actions to predict future movements. Moving Averages: Overview of simple and exponential moving averages. How they smooth price data to show trend directions. Usage in identifying trends and potential support and resistance levels. Relative Strength Index (RSI): Introduction to RSI as an oscillator. How it measures the speed and changes in price movements. Interpreting overbought and oversold conditions through RSI values. Moving Average Convergence Divergence (MACD): Exploration of MACD's components: the MACD line, signal line, and histogram. How MACD indicates changes in stock price momentum and direction. Practical tips on using MACD for spotting buy and sell signals. Recommendations for Further Learning: Subscribe to the YouTube channel for detailed visual guides and examples on using these technical indicators. Join our community on Skool where all content is structured in course format, alongside podcasts and videos for an integrated learning experience. Download the 6 Month Blueprint from https://stokestrades.com/blueprint to follow a structured path through technical analysis and day trading. Understanding and utilizing technical indicators and oscillators is crucial for making informed trading decisions. While this podcast provides an introduction, further study and visual learning through videos will enhance your ability to effectively use these tools. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Support and Resistance for Beginners - A Foundational Component of Technical Analysis 21:18

לפני 1 year21:18

21:18

Welcome back to the "Day Trading for Beginners" podcast! I'm Tyler Stokes, and today in episode 25, we discuss the basics of support and resistance, essential concepts in technical analysis for anyone aspiring to become a full-time day trader. If you're new to trading this episode is your stepping stone towards strategy. Download the 6 Month Blueprint: https://stokestrades.com/blueprint In This Episode: Introduction to Support and Resistance: Learn what these terms mean and why they're critical for successful trading. Practical Insights: Discover how to identify support and resistance levels and use them to make informed trading decisions. Key Points Covered: What are Support and Resistance? These are levels on a stock chart where prices tend to stop and reverse, acting as barriers that prevent the price of an asset from getting pushed in a certain direction. Psychology Behind the Levels: Understanding the market psychology that creates and sustains these levels. Practical Trading Strategies: How to use support and resistance to forecast potential price movements and plan your trades. Join Our Community: Join our free community on the Skool platform where you can share your trading journey, interact with fellow traders, and access all our podcasts and videos as free courses. Join on Skool here. Subscribe to the podcast for more insightful episodes aimed at helping you navigate the complexities of day trading. Stay tuned for our next episodes where we cover more components of technical analysis. Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Charts and Trends - An Intro to Candlesticks and Trendlines 30:34

לפני 1 year30:34

30:34

Welcome to episode 24 of the "Day Trading for Beginners" podcast! In this episode, we're learning more about the fundamentals of technical analysis by exploring candlestick charts and trend lines. I'm Tyler Stokes, and I'm sharing my journey towards becoming a full-time day trader. If you haven't yet, download the 6 Month Blueprint: https://stokestrades.com/blueprint Related Videos on YouTube: Candlestick Charts Video: Watch now. Trends and Trendlines Video: Watch now. In This Episode: Candlestick Charts: Understanding the anatomy of candlesticks and their significance in technical analysis. Trends and Trendlines: Learning how to identify and draw trendlines to analyze stock movements. Key Points: The Importance of Candlestick Charts: Candlestick charts are a crucial tool for day traders, providing detailed insights into market sentiment and price action. Drawing Trendlines: How to accurately draw trendlines to identify uptrends, downtrends, and sideways trends. Horizontal Lines: Using horizontal lines to identify static price points that signify support and resistance levels. Additional Resources: Book Recommendation: Technical Analysis of the Financial Markets (This is an Amazon affiliate link) Full article here: https://stokestrades.com/trends-and-trendlines Join Our Community: Engage with other aspiring traders in our free community on school, where you can share your journey and learn together. Join for free here. Subscribe to this podcast for more insightful discussions as we continue our journey into the world of day trading. Next up, we'll discuss support and resistance. Stay tuned! Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

Day Trading for Beginners

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Technical Analysis vs Fundamental Analysis - Price Action Explained 32:39

לפני 1 year32:39

32:39

Welcome to episode 23 of the "Day Trading for Beginners" podcast. This is our first Technical Analysis episode. As we transition from our extensive exploration of options, the next two months will be dedicated to mastering technical analysis. Don't forget to download the 6 Month Blueprint: https://stokestrades.com/blueprint In This Episode: Technical Analysis vs. Fundamental Analysis: Understanding the differences and why technical analysis is crucial for day traders. Introduction to Price Action: Exploring the concept of price action and its significance in predicting market movements. Setting Expectations: Preparing for the intensive study required to grasp technical analysis and its applications in trading. Key Points: Understanding Technical Analysis: Discover what it is and the main components we will be studying in the future. The Importance of Price Movements: Learning to focus on price action rather than getting bogged down by the overwhelming amount of market data. Additional Resources: Book Recommendation: Technical Analysis of the Financial Markets (This is an Amazon affiliate link) 6-Month Blueprint: Check out the detailed plan for becoming a full-time day trader in the show notes or at StokesTrades.com/blueprint . Join Our Community: Engage with other aspiring traders in our free community on school, where you can share your journey and learn together. Join for free here . Read the full article here: https://stokestrades.com/technical-analysis-vs-fundamental-analysis Watch on YouTube: https://youtu.be/xJHKxfEMw2Y Subscribe to this podcast for more discussions as we continue our journey into the world of day trading. In the next few episodes we'll look into the tools and techniques of technical analysis, focusing on charts, candlesticks, volume, and more. Stay tuned! Send me some feedback! Website and Other Social Accounts: https://stokestrades.com/ https://www.youtube.com/@StokesTrades Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners…

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What is Margin? Margin Calls and Requirements Explained for Beginners