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Stock Trading for Beginners
Welcome to "Stock Trading for Beginners," hosted by Tyler Stokes of StokesTrades.com. This podcast is a real-time chronicle of my journey in stock trading, focusing on a low-stress, momentum-based strategy that fits busy schedules. As I share my experiences, from a 144% portfolio gain in 6 months, to lessons learned over two years, I invite you to learn alongside me, exploring the triumphs and challenges of becoming a proficient trader.
In "Stock Trading for Beginners," you’ll get an authentic, behind-the-scenes look at what it takes to succeed in stock trading. Each episode breaks down complex concepts into beginner-friendly lessons, emphasizing practical strategies that don’t require hours of daily market monitoring. From choosing a strategy that suits your lifestyle to mastering risk management and market dynamics, this podcast covers it all.
What sets this podcast apart is its focus on real-world trading experience tailored for beginners. As a seasoned affiliate marketer and entrepreneur, I approach stock trading with a fresh perspective, offering honest reflections and actionable insights. Whether I’m sharing my momentum trading strategy, discussing patience in market cycles, or reviewing tools and resources, I bring you along for every step of the journey.
Listeners can expect:
- Practical insights into starting and succeeding in stock trading with a focus on momentum strategies.
- Honest reviews of tools, resources, and trading techniques.
- A step-by-step guide to building a sustainable trading foundation.
- An engaging narrative of my personal trading journey, including successes, challenges, and lessons learned.
"Stock Trading for Beginners" is more than just a podcast—it’s a community for aspiring traders to learn, grow, and succeed together. Join me as I share the strategies and mindset that have driven my success, and let’s embark on this educational adventure together.
Subscribe now and join our free Skool community at Skool.com/trading to start trading smarter!
Stock Trading for Beginners
How Your Mind Sabotages Your Trades: Unlocking the Psychology of Successful 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
Download the 6 Month Blueprint: https://stokestrades.com/blueprint
Key Topics Discussed
- 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/trading) 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.
- 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.
- 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.
- 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.
- 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.
Join Our Free Community on Skool:
https://www.skool.com/trading