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.


 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

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.


 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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

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.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

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.


 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

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).

 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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

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



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.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

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).


Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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

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



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.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

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.


Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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. 

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

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.

 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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!

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

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.

 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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!

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

Welcome to episode 22 of the "Day Trading for Beginners" podcast. In this episode, we're wrapping up our month-long journey into the fundamentals of options trading. As we near the end of April and prepare to learn about technical analysis and paper trading, it’s the perfect time to review everything we've learned about options.

 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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

In This Episode:

• Options Trading Recap: Revisiting key concepts covered over the past month, including the basics of options like call and put options, strike prices, premiums, and the significance of expiration dates.
• Reviewing Option Prices: We talk about intrinsic and extrinsic values when it comes to pricing options.
• Understanding the Greeks and Spreads: A simplified explanation of options pricing dynamics such as Delta, Gamma, Theta, Vega, and Rho, and how they impact trading decisions, as well as a simple example of an option spread. 

Join me as I break down these complex topics with straightforward explanations and insights. Whether you're a novice looking to understand the basics or a seasoned trader brushing up on fundamentals, this episode is designed to equip you with the basic knowledge needed to start learning about options trading.

Resources:

• 6 Month Blueprint: Available at StokesTrades.com/blueprint
• Free Community on Skool: Check out the full options course in our Skool community. It's 100% free. Access the course here.

Don’t forget to subscribe for more insightful episodes like this, and join our growing community on StokesTrades.com to connect with other aspiring traders.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

Welcome back to the "Day Trading for Beginners" podcast! Today's episode, number 21, introduces the basics of option spreads, a crucial topic for those new to trading options. As we approach the end of our comprehensive discussion on options, we're setting the stage for more advanced topics like technical analysis in upcoming episodes.

 
Note: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.

Resources:

Join our FREE Skool group: https://Skool.com/trading

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

Watch the video on YouTube: https://youtu.be/RBbbGrZiv8g

Access the full article: https://stokestrades.com/option-spreads


In This Episode:

• Introduction to Option Spreads: We break down what option spreads are and how they work. This episode is designed to help beginners understand the structure and utility of spreads in trading options, without diving deep into complex strategies.
• Types of Spreads Explained: We cover the three main types of spreads—vertical, horizontal (calendar), and diagonal—using easy-to-understand examples. Each type is explained in detail to ensure clarity on how they differ based on strike prices and expiration dates.
• Debit and Credit Spreads: Learn the difference between debit and credit spreads and how they impact your trading account. This part of the discussion aims to clarify common confusions related to these terms, especially for those with a background in finance or accounting.
• Practical Examples: We will walk through hypothetical scenarios to illustrate how vertical spreads work compared to buying options outright or purchasing stocks directly. These examples highlight the risk management and cost efficiency of using spreads.

Resources:

• Access the "6 Month Blueprint" I've been following, detailing my journey towards becoming a full-time day trader: StokesTrades.com/blueprint
• Join our growing community on Skool for free, a platform for learning and sharing about options and day trading. No courses for sale, just a supportive environment to grow as a trader. Hit the Community tab on the website. 

Next Steps:

Stay tuned for our next episode where we'll review all we've discussed about options before moving on to technical analysis. Also, look out for visual content on the YouTube channel that complements this discussion with practical demonstrations.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading