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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
Stop Losing Money - Master Your Mind with These Trading Psychology Hacks
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
Key Topics: Five Emotional Traps & Fixes
- 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.
- 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.
- 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.
- 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.
- 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.
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https://www.skool.com/trading