Day 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.Resources Mentioned:Our Free Community on Skool: Come join us here - Skool.com/tradingKey Topics DiscussedIntroduction to Trading PsychologyWhy 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 ApproachTendler 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 ExamplesExample 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 PhilosophyJournal 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.Why This MattersTrading success starts with mastering your psychology. By confronting emotions like greed, fear, or doubt, you can unlock consistent performance.Tendler’s tools offer a clear, actionable path to gain a psychological edge, whether you’re a beginner or expeSend me some feedback!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

Why I Quit Going All-In on Tesla - A Beginner’s Trading Lesson

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.Download the 6 Month Blueprint: https://stokestrades.com/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Portfolio updates: Trading Challenge 2025Our Community on Skool: Come join us hereKey Topics Discussed:The All-In Tesla TrapWhy 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).Lessons from Market VolatilityTesla’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.The Power of Technical AnalysisDiscovering 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.Why Diversification WinsNo 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.Rebalancing My PortfolioReducing 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.Lessons LearnedConviction 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 MattersIf you’re heavily invested in one stock (Tesla or otherwise), my journey might encourage you to rethink your approach. Studying pricSend me some feedback!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

Up 65% in 4 Months! - My July Trading Update Awaits

Welcome to season 3, episode 9 of the Day Trading for Beginners Podcast! I'm Tyler Stokes from StokesTrades.com, and in this episode, I'm excited to share my portfolio gains—up 65% after four months of trading real money—and discuss the momentum trading strategy that's been working for me.Download the 6 Month Blueprint: https://stokestrades.com/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Portfolio updates: Trading Challenge 2025Our Community on Skool: Come join us hereHow Momentum Trading Works:1. Spot Opportunities: Find stocks in strong uptrends on daily/weekly charts (higher highs, higher lows). Use TradingView screeners or Grok to build a watchlist of high-potential stocks (e.g., crypto, AI, tech).2. Buy at Support: Enter at proven support zones where indicators align (Ichimoku Cloud, moving averages, Fibonacci retracements, Gann Squares). Start with 1-3% positions to manage risk—never buy at resistance.3. Ride and Accumulate: Hold as stocks rise, adding shares at new support zones during pullbacks. Cap exposure at 10% per stock. Ride momentum for weeks/months, avoiding premature sells.4. Exit Strategically: Sell when momentum fades (broken support, flat trends, lower highs). Take partial profits or exit fully to lock in gains and rotate capital.Why It Works: This low-stress strategy avoids emotional traps like FOMO or overtrading, focusing on patience and high-probability setups. It’s ideal for beginners with busy schedules, but trading carries risks, and results aren’t guaranteed.Send me some feedback!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

The 7 Biggest Mistakes New Retail Traders Make (And How to Fix Them)

Welcome to Season 3, Episode 8 of the Day Trading for Beginners Podcast! This episode talks about the seven biggest mistakes new retail traders make—and how to avoid them. Download the 6 Month Blueprint: https://stokestrades.com/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Portfolio updates: Trading Challenge 2025Our Community on Skool: Come join us hereWhat You’ll Learn:Letting Emotions Take Control: Emotions like fear and greed can lead to poor trades. Stick to a trading plan and journal your feelings to stay disciplined.Chasing Breakouts into Traps: Avoid buying at resistance; wait for pullbacks to support levels instead.Overtrading: Too many trades can drain your account. Focus on quality setups and resist the urge to trade out of boredom.Ignoring Risk Management: Over-leveraging or risking too much per trade can wipe you out. Use 1-3% entries and aim for steady gains.Abandoning Your Strategy: Stick to your plan, even when the market tests you, to avoid emotional trading.Buying High, Selling Low: Resist buying at peaks and selling at dips—use technical analysis to find support and resistance zones.Lack of Patience and Discipline: Treat trading as a long-term game, waiting for high-probability setups rather than forcing trades.Key Takeaway: Mistakes are part of the learning process—think of losses as tuition for mastering the markets. Awareness and a solid strategy can minimize damage and build confidence.Send me some feedback!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

My First 2 Months Trading - 20% Up, Mistakes Made, Lessons Learned

Hi and welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com, and this is Season 3, Episode 6. In this episode, I share my journey of trading real money for the first time, starting in April 2025. With my portfolio up 20% in just two months, I’m happy—but I’ve made plenty of mistakes along the way. This isn’t a true day trading strategy (despite the podcast’s name), and I explain why my approach works for my busy schedule. Tune in for 6 key lessons I’ve learned, from the importance of patience to avoiding news-driven trades, plus tips for new traders navigating the markets.Download the 6 Month Blueprint: https://stokestrades.com/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Portfolio updates: Trading Challenge 2025Our Community on Skool: Come join us hereWhat You’ll Learn:My trading strategy: Buying at support, avoid chasing breakouts, and riding momentum.Why this isn’t day trading—and how to test strategies with paper trading.Mistakes like selling too early ($HIMS, $GOOG), missing resistance zones ($TSLA, $COIN, $HOOD), and rushing entries ($OSCR).The power of patience: Letting price come to you with 1-3% entries.How charts predict moves before news, and why you should ignore noise on social media.Disclaimer: This is not financial advice. I’m sharing my personal trading experience for educational purposes.Send me some feedback!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