Day Trading for Beginners

• Market Structure 101 - A Beginner’s Guide to Reading Trends

  Send us a textWelcome 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/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Our Community on Skool: Come join us hereYouTube Video: Coming SoonWhat You’ll LearnMarket 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 StepsGrab 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.Website and Other Social Accounts:https://stokestrades.com/https://www.youtube.com/@StokesTradesJoin Our Free Community on SKOOL:https://www.skool.com/day-trading-for-beginners

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  19:37
• Season 3 Premier - The Morning Routine for Trading Success

  Send us a textWelcome 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/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Our Community on Skool: Come join us hereThe Miracle Morning: Order on AmazonFind 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 MethodToday, 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 RoutineThis 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 RealitiesLife’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 AheadThroughout 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 excited Website and Other Social Accounts:https://stokestrades.com/https://www.youtube.com/@StokesTradesJoin Our Free Community on SKOOL:https://www.skool.com/day-trading-for-beginners

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  27:56
• Year In Review - Lessons from My Trading Journey (Season 2 Finale)

  Send us a textWelcome 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/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Our Community on Skool: Come join us hereLessons LearnedThe 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 StrategiesIn 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 MentorshipFinding 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 2025As 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 ThoughtsFor 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. Don't forWebsite and Other Social Accounts:https://stokestrades.com/https://www.youtube.com/@StokesTradesJoin Our Free Community on SKOOL:https://www.skool.com/day-trading-for-beginners

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  21:06
• How to Become a Better Trader - Embracing Trading Obstacles with a Zen Approach

  Send us a textWelcome 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/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Our Community on Skool: Come join us hereThe Obstacle is the Way - AmazonThe Zen Trader - AmazonTrading 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.Website and Other Social Accounts:https://stokestrades.com/https://www.youtube.com/@StokesTradesJoin Our Free Community on SKOOL:https://www.skool.com/day-trading-for-beginners

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  20:32
• The Hardest Part About Trading + Rules and Common Mistakes

  Send us a textWelcome 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/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources 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.Website and Other Social Accounts:https://stokestrades.com/https://www.youtube.com/@StokesTradesJoin Our Free Community on SKOOL:https://www.skool.com/day-trading-for-beginners

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  15:48

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