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.

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Key Topics Discussed:

1. The All-In Tesla Trap
   • Why 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).
2. Lessons from Market Volatility
   • Tesla’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.
3. The Power of Technical Analysis
   • Discovering 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.
4. Why Diversification Wins
   • No 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.
5. Rebalancing My Portfolio
   • Reducing 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.
6. Lessons Learned
   • Conviction 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 Matters

If you’re heavily invested in one stock (Tesla or otherwise), my journey might encourage you to rethink your approach. Studying price charts and embracing diversification can open the door to a more resilient financial future. Technical analysis helped me break free from the all-in mindset, and my trading strategy—outlined in our Skool group—has driven my success in 2025.

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