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 Mindset as I Start My Day Trading Journey + Phase 1 Update!
Welcome to episode 13 of the "Day Trading for Beginners Podcast". As we navigate our journey to becoming full-time day traders, this episode offers a recap of our progress and starts a discussion of the crucial aspect of mindset.
Download My 6-Month Blueprint: Get a detailed guide to the steps I'm taking in my first six months of day trading. Available at StokesTrades.com/blueprint
In This Episode, We Cover:
- Journey Recap: A review of our journey so far, from stock market basics to exploring various trading domains like stocks, bonds, ETFs, commodities, futures, short selling, options, and Forex.
- Brokerage Account: A teaser for the next episode, where we will discuss everything about choosing your brokerage account, a crucial step in actualizing your day trading aspirations.
- Mindset Matters: Discussing the significance of having the right mindset for day trading, emphasizing discipline, minimizing losses, and the importance of a strong psychological foundation.
- Common Failures: Exploring why many fail in day trading and how mindset plays a pivotal role in overcoming these challenges.
- Process of Wealth Creation: Introducing the five stages of wealth creation, from uninformed optimism to achievement, and the importance of perseverance through the "Valley of Despair."
- Personal Reflections: Sharing personal insights into my own weaknesses and how I'm addressing them to strengthen my day trading journey.
- Identifying as a Trader: The power of shaping your identity around your goals and how identifying as a trader can help solidify your commitment and discipline.
Closing Thoughts:
Mindset is a cornerstone of successful day trading. Understanding and addressing common pitfalls, alongside personal weaknesses, can significantly influence your trading outcomes. As we continue to learn and grow, embracing the identity of a trader is crucial for long-term success.
Subscribe:
Stay tuned as we transition into actionable steps, starting with choosing your brokerage account in the next episode. Subscribe for more insights into day trading strategies and join our community on Skool for support and accountability on your journey.
Resources Mentioned:
- 6-Month Blueprint: StokesTrades.com/blueprint
- Community on Skool: Join us for support and accountability.
- Next Episode: Detailed guide on choosing and setting up your brokerage account.
Thanks for listening to episode 13. Remember, day trading is not just about strategies and market analysis. It's also about building a resilient mindset and shaping your identity to align with your trading goals. See you in the next episode!
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