Welcome to season 4, episode 2 of the Stock Trading for Beginners Podcast! We're talking trading psychology, breaking down five emotional traps that sabotage your trades and sharing practical fixes to help you trade smarter and more profitably.

Resource:

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

Key Topics: Five Emotional Traps & Fixes

1. Greed: Chasing Breakouts
   • Problem: I see a stock soaring (like Tesla at $460 resistance), and FOMO pushes me to buy at the peak, only to face a reversal and loss.
   • Why It Happens: A scarcity mindset, dopamine-driven hype, and anchoring bias (fixating on a stock’s recent surge) cloud my judgment.
   • Fix: I cap my weekly trades, focus on long-term disciplined trading, and avoid chasing quick profits. I stick to charts, not news or social media hype.
2. Fear: Selling Too Early
   • Problem: I panic-sell at support or cut winners short, like when I sold Tesla at $100 in 2022-23, missing the rebound.
   • Why It Happens: Loss aversion, tying my self-worth to trades, and worrying about looking foolish drive irrational exits.
   • Fix: I journal every trade, noting why I entered or exited. Reflecting on whether decisions were logic-based or fear-driven helps me trust my strategy.
3. Anger: Revenge Trading
   • Problem: After a loss, I feel cheated and jump into risky trades to “win back” money, often digging a deeper hole.
   • Why It Happens: Entitlement bias makes me think the market owes me, triggering impulsive, fight-or-flight trades.
   • Fix: I take a break—a day or a week—to reset emotionally. Stepping away or going for a walk keeps me rational.
4. Overconfidence: Ignoring Signals
   • Problem: After a winning streak, I feel like a market genius, ignoring charts or skipping stop-losses, like buying at resistance despite signals.
   • Why It Happens: The illusion of control, confirmation bias, and the Dunning-Kruger effect (overestimating my skills) lead to risky moves.
   • Fix: I stick to my strategy rules, using cues like sticky notes to remind myself to buy only at support and stay disciplined.
5. Weak Discipline: Abandoning Strategy
   • Problem: I ignore my rules, swayed by impulse, market noise (like X posts), or decision fatigue, leading to inconsistent trading.
   • Why It Happens: Present bias makes me chase instant gratification over long-term goals, especially without clear rules.
   • Fix: I use a pre-trade checklist for entries, exits, and risk management. Following my strategy (shared in the Skool group) keeps me on track.

Takeaways

• Start Small: I pick one fix, like journaling or a checklist, to tackle emotional traps.
• Join the Community: I invite you to Skool.com/trading for my free strategy course, rules, and community support.
• Stay Disciplined: I focus on charts, stick to my strategy, and avoid emotional trading to boost profitability.

Thanks for listening!

Join me for the next episode, and let’s connect on Skool.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

Welcome to the Season 4 premiere of Stock Trading for Beginners! I’m excited to share my two-year trading journey, including a 144% portfolio gain. This episode introduces my rebranded podcast and four pillars for low-stress, profitable trading: mastering one strategy, understanding market dynamics, managing risk, and handling emotions.


Resource:

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

Key Topics

1. Rebranding
   • Renamed from Day Trading for Beginners to reflect my shift to a momentum strategy.
   • Day trading was too stressful for my busy life as a parent.
   • I’ll share my actual strategies, aligned with my school community.
2. Four Pillars
   • Master One Strategy: Pick a strategy (e.g., position trading for 30 min/day) that fits your schedule and master it. Start trading (even paper trading) fast to gain experience.
   • Market Dynamics & Patience: Markets move in cycles. Stay patient with quality stocks and avoid FOMO-driven trades.
   • Risk Management: Follow strategy rules for entry, exit, and position sizing. My strategy buys at support, avoids overtrading, and limits single-stock exposure.
   • Emotions & Growth: Journal trades and emotions in a paper account to learn from mistakes. Focus on charts, not news, and avoid over-leveraging (>10% in one stock).

Tips

• Choose a strategy for your schedule (e.g., position trading if busy).
• Start trading within weeks to build experience.
• Join my free school community at sk.ol.com/trading for my strategy course and roadmap.
• Journal emotions and stick to charts for decisions.

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading

Welcome to the season 3 finale of the Day Trading for Beginners Podcast! I’m Tyler Stokes, and in this episode, I’m thrilled to share a major update: my portfolio gained 144% in just six months using a momentum trading strategy. I also reveal how I’d trade differently today with a faster, smarter approach and announce an exciting podcast rebrand for Season 4. Join me for practical tips and a look at what’s coming next!


Resource:

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

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

Key Topics Discussed

1. My Portfolio Update: 144% Gains in 6 Months
2. How I’d Trade Differently: The Direct Approach
3. Why Momentum Trading Works for Beginners
4. Podcast Rebrand Announcement

Send me some feedback!

Join Our Free Community on Skool:

https://www.skool.com/trading