Welcome back to the "Day Trading for Beginners" podcast! I'm Tyler Stokes, and today in episode 25, we discuss the basics of support and resistance, essential concepts in technical analysis for anyone aspiring to become a full-time day trader. If you're new to trading this episode is your stepping stone towards strategy.


Download the 6 Month Blueprint: https://stokestrades.com/blueprint


In This Episode:

• Introduction to Support and Resistance: Learn what these terms mean and why they're critical for successful trading.
• Practical Insights: Discover how to identify support and resistance levels and use them to make informed trading decisions.

Key Points Covered:

• What are Support and Resistance? These are levels on a stock chart where prices tend to stop and reverse, acting as barriers that prevent the price of an asset from getting pushed in a certain direction.
• Psychology Behind the Levels: Understanding the market psychology that creates and sustains these levels.
• Practical Trading Strategies: How to use support and resistance to forecast potential price movements and plan your trades.

Join Our Community:

Join our free community on the Skool platform where you can share your trading journey, interact with fellow traders, and access all our podcasts and videos as free courses. Join on Skool here.

Subscribe to the podcast for more insightful episodes aimed at helping you navigate the complexities of day trading. Stay tuned for our next episodes where we cover more components of technical analysis.

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

Welcome to episode 24 of the "Day Trading for Beginners" podcast! In this episode, we're learning more about the fundamentals of technical analysis by exploring candlestick charts and trend lines. I'm Tyler Stokes, and I'm sharing my journey towards becoming a full-time day trader.

If you haven't yet, download the 6 Month Blueprint:

https://stokestrades.com/blueprint


Related Videos on YouTube:

• Candlestick Charts Video: Watch now.
• Trends and Trendlines Video: Watch now.

In This Episode:

• Candlestick Charts: Understanding the anatomy of candlesticks and their significance in technical analysis.
• Trends and Trendlines: Learning how to identify and draw trendlines to analyze stock movements.

Key Points:

• The Importance of Candlestick Charts: Candlestick charts are a crucial tool for day traders, providing detailed insights into market sentiment and price action.
• Drawing Trendlines: How to accurately draw trendlines to identify uptrends, downtrends, and sideways trends.
• Horizontal Lines: Using horizontal lines to identify static price points that signify support and resistance levels.

Additional Resources:

Book Recommendation: Technical Analysis of the Financial Markets

(This is an Amazon affiliate link)

Full article here: https://stokestrades.com/trends-and-trendlines


Join Our Community:

Engage with other aspiring traders in our free community on school, where you can share your journey and learn together. Join for free here.

Subscribe to this podcast for more insightful discussions as we continue our journey into the world of day trading. Next up, we'll discuss support and resistance. Stay tuned!

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

Welcome to episode 23 of the "Day Trading for Beginners" podcast. This is our first Technical Analysis episode. As we transition from our extensive exploration of options, the next two months will be dedicated to mastering technical analysis.


Don't forget to download the 6 Month Blueprint:

https://stokestrades.com/blueprint


In This Episode:

• Technical Analysis vs. Fundamental Analysis: Understanding the differences and why technical analysis is crucial for day traders.
• Introduction to Price Action: Exploring the concept of price action and its significance in predicting market movements.
• Setting Expectations: Preparing for the intensive study required to grasp technical analysis and its applications in trading.

Key Points:

• Understanding Technical Analysis: Discover what it is and the main components we will be studying in the future.
• The Importance of Price Movements: Learning to focus on price action rather than getting bogged down by the overwhelming amount of market data.

Additional Resources:

Book Recommendation: Technical Analysis of the Financial Markets

(This is an Amazon affiliate link)

• 6-Month Blueprint: Check out the detailed plan for becoming a full-time day trader in the show notes or at StokesTrades.com/blueprint.
• Join Our Community: Engage with other aspiring traders in our free community on school, where you can share your journey and learn together. Join for free here.

Read the full article here:

https://stokestrades.com/technical-analysis-vs-fundamental-analysis

Watch on YouTube:

https://youtu.be/xJHKxfEMw2Y

Subscribe to this podcast for more discussions as we continue our journey into the world of day trading. In the next few episodes we'll look into the tools and techniques of technical analysis, focusing on charts, candlesticks, volume, and more. Stay tuned!

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