Day Trading for Beginners

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 [https://stokestrades.com/blueprint] TradingView Charting Software: Start a free trial here [https://www.tradingview.com/?aff_id=138835] Resource: Technical Analysis for Beginners [https://stokestrades.com/technical-analysis-for-beginners/] The WIKI: Download it here [https://www.reddit.com/r/RealDayTrading/comments/1cjqq4c/real_day_trading_wiki_pdf_may_2024_edition/] (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 [https://www.skool.com/day-trading-for-beginners] 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. Website and Other Social Accounts: https://stokestrades.com/ [https://stokestrades.com/] https://www.youtube.com/@StokesTrades [https://www.youtube.com/@StokesTrades] Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners [https://www.skool.com/day-trading-for-beginners]

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 [https://stokestrades.com/blueprint] ***All resources and links mentioned are found in the Blueprint. Download it for free here. [https://stokestrades.com/blueprint]*** 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. [https://www.skool.com/day-trading-for-beginners] 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! Website and Other Social Accounts: https://stokestrades.com/ [https://stokestrades.com/] https://www.youtube.com/@StokesTrades [https://www.youtube.com/@StokesTrades] Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners [https://www.skool.com/day-trading-for-beginners]

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 [https://stokestrades.com/blueprint] Content Hub Page on Technical Analysis [https://stokestrades.com/technical-analysis-for-beginners/] Community on Skool - Technical Analysis Course and Resources [https://www.skool.com/day-trading-for-beginners/classroom/00852e10?md=989ed7ff5e5e4dae986579cb55bab162] Technical Analysis of the Financial Markets (Textbook) [https://amzn.to/3xZm5sf] Free Charting Software - TradingView.com [https://www.tradingview.com/?aff_id=138835] 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!  Website and Other Social Accounts: https://stokestrades.com/ [https://stokestrades.com/] https://www.youtube.com/@StokesTrades [https://www.youtube.com/@StokesTrades] Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners [https://www.skool.com/day-trading-for-beginners]

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 [https://stokestrades.com/blueprint] Full Article: https://stokestrades.com/elliott-wave-theory/ [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 [https://x.com/SBZung] Slideshow Presentation: Fibonacci Pinball [https://storage.googleapis.com/at-bucket1/public/elliottwavetrader/fibpinball/index.html] Educational Site: https://www.elliottwavetrader.net/ [https://www.elliottwavetrader.net/] Charting Software: https://TradingView.com [https://www.tradingview.com/?aff_id=138835] Website and Other Social Accounts: https://stokestrades.com/ [https://stokestrades.com/] https://www.youtube.com/@StokesTrades [https://www.youtube.com/@StokesTrades] Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners [https://www.skool.com/day-trading-for-beginners]

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 [https://www.skool.com/day-trading-for-beginners] YouTube Video: David Goggins: How to Build Immense Inner Strength [https://youtu.be/nDLb8_wgX50?si=PIJ5Ahi17_7yocqH] 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. Website and Other Social Accounts: https://stokestrades.com/ [https://stokestrades.com/] https://www.youtube.com/@StokesTrades [https://www.youtube.com/@StokesTrades] Join Our Free Community on SKOOL: https://www.skool.com/day-trading-for-beginners [https://www.skool.com/day-trading-for-beginners]