Stock Trading for Beginners

Welcome to season 4, episode 2 of the Stock Trading for Beginners Podcast! We're talking trading psychology, breaking down five emotional traps that sabotage your trades and sharing practical fixes to help you trade smarter and more profitably. Resource: Join our FREE Skool group: https://Skool.com/trading [https://skool.com/trading] Key Topics: Five Emotional Traps & Fixes 1. Greed: Chasing Breakouts * Problem: I see a stock soaring (like Tesla at $460 resistance), and FOMO pushes me to buy at the peak, only to face a reversal and loss. * Why It Happens: A scarcity mindset, dopamine-driven hype, and anchoring bias (fixating on a stock’s recent surge) cloud my judgment. * Fix: I cap my weekly trades, focus on long-term disciplined trading, and avoid chasing quick profits. I stick to charts, not news or social media hype. 2. Fear: Selling Too Early * Problem: I panic-sell at support or cut winners short, like when I sold Tesla at $100 in 2022-23, missing the rebound. * Why It Happens: Loss aversion, tying my self-worth to trades, and worrying about looking foolish drive irrational exits. * Fix: I journal every trade, noting why I entered or exited. Reflecting on whether decisions were logic-based or fear-driven helps me trust my strategy. 3. Anger: Revenge Trading * Problem: After a loss, I feel cheated and jump into risky trades to “win back” money, often digging a deeper hole. * Why It Happens: Entitlement bias makes me think the market owes me, triggering impulsive, fight-or-flight trades. * Fix: I take a break—a day or a week—to reset emotionally. Stepping away or going for a walk keeps me rational. 4. Overconfidence: Ignoring Signals * Problem: After a winning streak, I feel like a market genius, ignoring charts or skipping stop-losses, like buying at resistance despite signals. * Why It Happens: The illusion of control, confirmation bias, and the Dunning-Kruger effect (overestimating my skills) lead to risky moves. * Fix: I stick to my strategy rules, using cues like sticky notes to remind myself to buy only at support and stay disciplined. 5. Weak Discipline: Abandoning Strategy * Problem: I ignore my rules, swayed by impulse, market noise (like X posts), or decision fatigue, leading to inconsistent trading. * Why It Happens: Present bias makes me chase instant gratification over long-term goals, especially without clear rules. * Fix: I use a pre-trade checklist for entries, exits, and risk management. Following my strategy (shared in the Skool group) keeps me on track. Takeaways * Start Small: I pick one fix, like journaling or a checklist, to tackle emotional traps. * Join the Community: I invite you to Skool.com/trading for my free strategy course, rules, and community support. * Stay Disciplined: I focus on charts, stick to my strategy, and avoid emotional trading to boost profitability. Thanks for listening!  Join me for the next episode, and let’s connect on Skool. Send me some feedback! [https://www.buzzsprout.com/twilio/text_messages/2289984/open_sms] Join Our Free Community on Skool: https://www.skool.com/trading [https://skool.com/trading]

Welcome to the Season 4 premiere of Stock Trading for Beginners! I’m excited to share my two-year trading journey, including a 144% portfolio gain. This episode introduces my rebranded podcast and four pillars for low-stress, profitable trading: mastering one strategy, understanding market dynamics, managing risk, and handling emotions. Resource: Join our FREE Skool group: https://Skool.com/trading [https://skool.com/trading] Key Topics 1. Rebranding * Renamed from Day Trading for Beginners to reflect my shift to a momentum strategy. * Day trading was too stressful for my busy life as a parent. * I’ll share my actual strategies, aligned with my school community. 2. Four Pillars * Master One Strategy: Pick a strategy (e.g., position trading for 30 min/day) that fits your schedule and master it. Start trading (even paper trading) fast to gain experience. * Market Dynamics & Patience: Markets move in cycles. Stay patient with quality stocks and avoid FOMO-driven trades. * Risk Management: Follow strategy rules for entry, exit, and position sizing. My strategy buys at support, avoids overtrading, and limits single-stock exposure. * Emotions & Growth: Journal trades and emotions in a paper account to learn from mistakes. Focus on charts, not news, and avoid over-leveraging (>10% in one stock). Tips * Choose a strategy for your schedule (e.g., position trading if busy). * Start trading within weeks to build experience. * Join my free school community at sk.ol.com/trading for my strategy course and roadmap. * Journal emotions and stick to charts for decisions. Send me some feedback! [https://www.buzzsprout.com/twilio/text_messages/2289984/open_sms] Join Our Free Community on Skool: https://www.skool.com/trading [https://skool.com/trading]

Welcome to the season 3 finale of the Day Trading for Beginners Podcast! I’m Tyler Stokes, and in this episode, I’m thrilled to share a major update: my portfolio gained 144% in just six months using a momentum trading strategy. I also reveal how I’d trade differently today with a faster, smarter approach and announce an exciting podcast rebrand for Season 4. Join me for practical tips and a look at what’s coming next! Resource: Join our FREE Skool group: https://Skool.com/trading [https://Skool.com/trading] Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners. Key Topics Discussed 1. My Portfolio Update: 144% Gains in 6 Months 2. How I’d Trade Differently: The Direct Approach 3. Why Momentum Trading Works for Beginners 4. Podcast Rebrand Announcement Send me some feedback! [https://www.buzzsprout.com/twilio/text_messages/2289984/open_sms] Join Our Free Community on Skool: https://www.skool.com/trading [https://skool.com/trading]

Welcome to season 3, episode 11 of the Day Trading for Beginners Podcast! In this episode, we talk about the critical topic of trading psychology, exploring a powerful quote from Jared Tendler’s book, The Mental Game of Trading: “The charts are a mirror that reflects your inner self.” We discuss how your emotions, biases, and mental blocks shape your trading decisions and how Tendler’s system can help you turn psychological flaws into strengths. Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners. Resources: Join our FREE Skool group: https://Skool.com/trading [https://skool.com/trading] Download the 6 Month Blueprint: https://stokestrades.com/blueprint [https://stokestrades.com/blueprint] Key Topics Discussed 1. Introduction to Trading Psychology * Why technical know-how isn’t enough—your mindset can make or break your strategy. * The importance of joining our free Skool community (skool.com/tradin [https://www.skool.com/trading]g) to learn and share experiences. * Overview of The Mental Game of Trading by Jared Tendler, a top mental performance coach who applies lessons from competitive golf to trading. 2. The Quote: “The Charts Are a Mirror That Reflects Your Inner Self” * Charts provide objective data (prices, volume, trends), but your reactions reveal emotions like fear, greed, or hesitation. * How your internal world—biases, past traumas, or impulses—distorts your interpretation of market data. * Using charts not just for market analysis but as a tool for self-reflection to turn losses into lessons. 3. Jared Tendler’s Approach * Tendler frames common trading mistakes (chasing, overtrading) as psychological, not technical, issues. * Emotions like greed, fear, and anger are root causes of trading errors. * Practical tools like journaling, visualization, and mapping emotional patterns to build mental resilience. * Treating emotions as data to identify triggers and correct flaws. 4. Real-World Examples * Example 1: A trader hesitates during a breakout pattern due to fear from past losses, missing an opportunity and feeling frustrated (“tilt” in poker terms). Tendler’s system suggests journaling emotions and using pre-trade routines to build confidence. * Example 2: An overconfident trader takes an oversized position on a head-and-shoulders pattern, amplifying losses. Reflection reveals a need for validation through wins, not strategy. 5. Actionable Tips to Apply Tendler’s Philosophy * Journal Your Feelings: After each trade, note how the chart made you feel (stressed, excited, etc.) and compare it to the objective data (price, volume). * Spot Emotional Triggers: Identify chart patterns (e.g., sudden drops or breakouts) that spark fear, greed, or FOMO (fear of missing out). * Stay Calm with Visualization: View charts as neutral tools, like a mirror, to avoid emotional reactions. * Maintain Emotional Balance: Avoid overtrading or overconfidence by keeping a steady, patient mindset. Send me some feedback! [https://www.buzzsprout.com/twilio/text_messages/2289984/open_sms] Join Our Free Community on Skool: https://www.skool.com/trading [https://skool.com/trading]

Welcome to season 3, episode 10 of the Day Trading for Beginners Podcast! I'm Tyler Stokes and in this episode, I share my journey of moving away from being an all-in Tesla investor. After achieving over 65% portfolio gains in just a few months of trading real money, I’ve learned valuable lessons about diversification, technical analysis, and avoiding the pitfalls of putting all your eggs in one basket. This episode reveals why I shifted my investment strategy and how technical analysis transformed my approach to trading. Disclaimer: This is not financial advice—just my personal story to help you reflect on your own investment decisions. Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners. Resources: Join our FREE Skool group: https://Skool.com/trading [https://skool.com/trading] Download the 6 Month Blueprint: https://stokestrades.com/blueprint [https://stokestrades.com/blueprint] Portfolio updates: Trading Challenge 2025 [https://stokestrades.com/2025-trading-challenge-updates/] Key Topics Discussed: 1. The All-In Tesla Trap * Why I was captivated by Tesla’s innovation, leadership, and growth from 2020 onward. * The risks of having my entire portfolio in one stock, despite riding Tesla’s surge. * The volatility and opportunity costs (e.g., missing Nvidia’s 10x growth from 2022–2025). 2. Lessons from Market Volatility * Tesla’s rollercoaster ride: From $400 to $100 and back, losing 75% at its low. * Realizing fundamentals don’t drive short-term stock prices—price charts do. * How a basic understanding of market structure in 2022 could have signaled a pivot. 3. The Power of Technical Analysis * Discovering price charts as the real-time story of a stock’s performance. * How charts signaled Tesla’s trouble before bad news hit, unlike fundamentals. * Using support, resistance, and momentum to time entries and exits. 4. Why Diversification Wins * No single stock stays the best forever—diversification reduces risk and stress. * Shifting from dismissing diversification to embracing it as a strategic tool. * Building a core portfolio of 5–10 stocks with strong momentum, guided by technical analysis. 5. Rebalancing My Portfolio * Reducing Tesla exposure in tax-efficient accounts (e.g., TFSA, RRSP) to avoid heavy taxes. * Selling at resistance zones and buying other stocks at support zones. * Maintaining Tesla as my largest position while exploring other high-potential stocks. 6. Lessons Learned * Conviction in one stock has limits—flexibility and informed decisions win. * Regularly assess charts, rebalance when needed, and prioritize diversification. * The market rewards adaptability, not blind loyalty to a single stock. Why This Matters If you’re heavily invested in one stock (Tesla or otherwise), my journey might encourage you to rethink your approach. Studying price charts and embracing diversification can open the door to a more resilient financial future. Technical analysis helped me break free from the all-in mindset, and my trading strategy—outlined in our Skool group—has driven my success in 2025. Send me some feedback! [https://www.buzzsprout.com/twilio/text_messages/2289984/open_sms] Join Our Free Community on Skool: https://www.skool.com/trading [https://skool.com/trading]