Day Trading for Beginners
Welcome to "Day Trading for Beginners," hosted by Tyler Stokes of StokesTrades.com. This podcast is a real-time chronicle of my journey into the world of day trading, starting from the very basics. As I navigate this new venture, I invite you to learn alongside me, sharing both the triumphs and challenges that come with becoming a proficient day trader.
In "Day Trading for Beginners," you'll get an authentic, behind-the-scenes look at what it really takes to succeed as a day trader. Each episode is designed to demystify the process of day trading, breaking down complex concepts into manageable, beginner-friendly lessons. From the initial decision to trade, to setting up the right tools and strategies, this podcast covers it all.
What sets this podcast apart is its focus on learning through experience. As a seasoned affiliate marketer and entrepreneur, I approach day trading with a beginner's mindset, offering unique insights and honest reflections on each step of the journey. Whether it's dissecting YouTube tutorials, exploring online resources, or delving into technical analysis, I bring you along for every part of the process.
Listeners can expect:
- Practical insights into starting and succeeding in day trading.
- Honest reviews of resources, tools, and strategies.
- A step-by-step guide to building a solid foundation in trading.
- An engaging narrative of my personal day trading journey, including the ups, downs, and everything in-between.
"Day Trading for Beginners" is more than just a podcast - it's a community for aspiring traders to learn, grow, and succeed together. Join me, Tyler Stokes, as I take on the challenge of mastering day trading, and let's embark on this educational adventure together. Subscribe now and be part of this exciting journey!
Day Trading for Beginners
My First Day Trading Strategy - Finding An Edge
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.
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