Welcome to episode 32 of the "Day Trading for Beginners" podcast, the finale of our first season! Today I'll be recapping our journey since starting in January 2024. I'll share some valuable resources and my personal reflections on how things have gone.

After this episode, we'll take a break for July and August, but don't worry, we'll be back live on September 2nd.


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

***All resources and links mentioned are found in the Blueprint. Download it for free here.***


Recap of the Season: We started this journey in January 2024, and now, 6 months later, we're taking a moment to review the progress. This episode will dive into the major steps and topics we've covered, reflecting on what has worked and the lessons learned.


Blueprint for Success: If you haven't already, I highly recommend downloading the 6 Month Blueprint. This document outlines every step I've taken and includes links to all the content created, along with the free courses available on our community platform on Skool. It's completely free and a great tool to stay updated with all the latest revisions and helpful tips.


Personal Journey and Future Plans: As we wrap up the first season, I'll share how my personal commitments and my schedule constraints have influenced my learning pace and study habits. These might be relatable to your personal schedule.


Season 2 Preview: The podcast will resume on September 2nd, marking the start of Season 2. During the break, I’ll be preparing new content and updating our strategy based on the insights and feedback from Season 1. Expect more detailed discussions on technical analysis, options trading, and possibly new trading strategies that align with our growing skills and market insights.


Join Our Community: Don’t forget to join our community on Skool, where you can access all the resources discussed, interact with fellow learners, and find accountability partners to keep you motivated. It’s a great place to share your progress and learn from others’ experiences. You can join for free here.


Stay Connected: Make sure to subscribe to the podcast to get notified when we return for Season 2. All the links and additional resources mentioned in today’s episode are found in the Blueprint.

Thank you for tuning in, and I look forward to kicking off the next phase of our trading journey together in September. Happy studying, and see you soon!

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 31 of the "Day Trading for Beginners" podcast. Today, we're taking a step back to review all the fundamental concepts of technical analysis we've explored so far. This recap will prepare us for the upcoming season finale and help solidify your understanding of the various tools and strategies we've discussed.


Key Resources:


Download the 6 Month Blueprint

Content Hub Page on Technical Analysis

Community on Skool - Technical Analysis Course and Resources

Technical Analysis of the Financial Markets (Textbook)

Free Charting Software - TradingView.com


Topics Covered:

• Introduction to Technical Analysis: Comparison between technical and fundamental analysis. Key principles of technical analysis: price action, trends, and historical patterns.
• Candlestick Patterns: Basics of reading candlestick charts and understanding the market sentiment they convey.
• Trends and Trend Lines: Importance of identifying trends and how to accurately draw trend lines to forecast market movements.
• Support and Resistance Levels: Techniques for determining where the market will likely encounter support or resistance.
• Technical Indicators and Oscillators: Discussion on tools like RSI, MACD, and moving averages that help predict future market movements.
• Volume Analysis: The role of trade volume in confirming trends and providing insights into market strength.
• Chart Patterns: Introduction to patterns like head and shoulders, which indicate potential market reversals.
• Elliott Wave Theory: Overview of Elliott Wave Theory for forecasting market trends based on investor psychology.

Conclusion:

This episode serves as a foundation to reinforce your knowledge and ensure you have a solid understanding of the tools and strategies discussed throughout the season. Whether you're a new listener or need a refresher, this recap will provide you with the insights needed to refine your trading techniques.

Season 1 finale episode is next!

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 30 of the "Day Trading for Beginners" podcast. Today, we talk about Elliott Wave Theory, an intriguing concept in technical analysis that could enhance your trading strategies.


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

Full Article: https://stokestrades.com/elliott-wave-theory/

What You Will Learn:

• Basics of Elliott Wave Theory and its application in the markets.
• Understanding impulse waves and corrective waves.
• Integration of Fibonacci ratios with Elliott Wave Theory for predicting market movements.

Key Takeaways:

• Elliott Wave Theory offers a structured way to understand market dynamics through wave patterns.
• Combining Elliott Wave Theory with Fibonacci tools provides a powerful framework for forecasting market trends and making informed trading decisions.
• Practical application through resources and live trading examples helps in grasping the complex concepts of the theory.

Conclusion:

Elliott Wave Theory is a compelling analytical tool for traders looking to understand deeper market trends and enhance their trading strategy. While it may appear complex, resources and practical examples can simplify its application for day trading.

Resources:

TSLA Tracker on X: https://x.com/SBZung

Slideshow Presentation: Fibonacci Pinball

Educational Site: https://www.elliottwavetrader.net/

Charting Software: https://TradingView.com

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 a special bonus episode of the "Day Trading for Beginners" podcast. Today, we address a vital question from our community regarding the perceived high failure rate in day trading and whether it should deter aspiring traders.


Join Our Community Here: https://www.skool.com/day-trading-for-beginners

YouTube Video: David Goggins: How to Build Immense Inner Strength

Key Takeaways:

• Day trading, like any high-skill profession, requires dedicated learning and practice.
• The perceived high failure rate should not deter motivated individuals who are prepared to invest in their education and manage risks effectively.
• Engaging with a supportive community can enhance learning and increase chances of success.

Conclusion:

While day trading presents significant challenges, understanding and navigating these with the right tools and community support can lead to rewarding outcomes. This episode demystifies the journey and encourages traders to pursue their passion with informed strategies and support.

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 28 of the "Day Trading for Beginners" podcast. Today, we explore the concept of chart patterns, focusing on one of the most reliable patterns known as the head and shoulders pattern. This episode will serve as an introduction to chart patterns, providing insights into their formation and implications.


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

Textbook Recommendation: Technical Analysis of the Financial Markets

What You Will Learn:

• Introduction to chart patterns, particularly the head and shoulders pattern.
• Understanding the reliability and implications of recognizing such patterns.
• Resources for further learning and visualization of chart patterns.

Key Topics Discussed:

1. Overview of Chart Patterns:
   • Definition and importance of chart patterns in technical analysis.
   • Introduction to the head and shoulders pattern as a key reversal pattern.
2. Head and Shoulders Pattern:
   • Detailed explanation of the head and shoulders pattern formation.
   • Understanding the components: left shoulder, head, right shoulder, and neckline.
   • Implications of the pattern on trading and market trends.
3. Resources for Further Learning:
   • Recommendation of the textbook "Technical Analysis of the Financial Markets" for deeper insights.
   • Encouragement to check visual resources on YouTube and other platforms for better understanding.

Check out the full article here:

https://stokestrades.com/chart-patterns-and-reversals

Conclusion:

Chart patterns like the head and shoulders provide significant insights into market trends and potential reversals. Understanding these patterns can enhance your trading strategies and decision-making process.

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 27 of the "Day Trading for Beginners" podcast. Today, we discuss volume analysis, an essential aspect of trading that goes hand-in-hand with price movements. After discussing technical indicators in our last episode, today's focus shifts to understanding volume and its implications on trading, specifically through the volume weighted average price (VWAP).


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

Watch the Video Here: https://youtu.be/FGzRClvw-30

Sign Up for TradingView Here: https://tradingview.com



What You Will Learn:

• Basics of volume in trading.
• Detailed exploration of the Volume Weighted Average Price (VWAP) indicator.
• How volume can influence trading decisions.

Key Topics Discussed:

1. Introduction to Volume Analysis:
   • Understanding the role of volume in trading.
   • The significance of volume in assessing market trends and reversals.
2. Volume Weighted Average Price (VWAP):
   • Explanation of VWAP and its calculation.
   • Practical applications and how it differs from other volume indicators.
3. Implications of Volume in Trading:
   • How volume can confirm trends or signal potential reversals.
   • Divergence between volume and price movements and what it indicates.

Recommended Resources:

• Visit our YouTube channel for visual explanations of volume analysis and indicators.
• Download the 6 Month Blueprint from StokesTrades.com/blueprint for a comprehensive guide and additional resources used in my trading journey.
• Full article with table and images: https://stokestrades.com/volume-analysis

Conclusion:

Understanding volume alongside price action is crucial for making informed trading decisions. Volume analysis, particularly through indicators like VWAP, provides deeper insights into market dynamics and helps traders gauge the strength and potential sustainability of price movements.

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 26 of the "Day Trading for Beginners" podcast. In this episode, we talk about the basics of technical indicators and oscillators, essential tools for anyone interested in technical analysis. We'll focus on 3 popular indicators: Moving Averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD).


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

Watch the video on YouTube: https://youtu.be/PhzO7iTBoMs

Sign up for TradingView: https://tradingview.com


What You Will Learn:

• What technical indicators and oscillators are and how they aid in trading decisions.
• A brief look at Moving Averages, RSI, and MACD.

Key Topics Discussed:

1. Technical Indicators and Oscillators:
   • Definition and importance in day trading.
   • Explanation of how indicators and oscillators assist in analyzing past and current price actions to predict future movements.
2. Moving Averages:
   • Overview of simple and exponential moving averages.
   • How they smooth price data to show trend directions.
   • Usage in identifying trends and potential support and resistance levels.
3. Relative Strength Index (RSI):
   • Introduction to RSI as an oscillator.
   • How it measures the speed and changes in price movements.
   • Interpreting overbought and oversold conditions through RSI values.
4. Moving Average Convergence Divergence (MACD):
   • Exploration of MACD's components: the MACD line, signal line, and histogram.
   • How MACD indicates changes in stock price momentum and direction.
   • Practical tips on using MACD for spotting buy and sell signals.

Recommendations for Further Learning:

• Subscribe to the YouTube channel for detailed visual guides and examples on using these technical indicators.
• Join our community on Skool where all content is structured in course format, alongside podcasts and videos for an integrated learning experience.
• Download the 6 Month Blueprint from https://stokestrades.com/blueprint to follow a structured path through technical analysis and day trading.

Understanding and utilizing technical indicators and oscillators is crucial for making informed trading decisions. While this podcast provides an introduction, further study and visual learning through videos will enhance your ability to effectively use these tools.

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 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