Welcome to Season 3, Episode 8 of the Day Trading for Beginners Podcast! This episode talks about the seven biggest mistakes new retail traders make—and how to avoid them.

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Resources Mentioned:

Portfolio updates: Trading Challenge 2025

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What You’ll Learn:

• Letting Emotions Take Control: Emotions like fear and greed can lead to poor trades. Stick to a trading plan and journal your feelings to stay disciplined.
• Chasing Breakouts into Traps: Avoid buying at resistance; wait for pullbacks to support levels instead.
• Overtrading: Too many trades can drain your account. Focus on quality setups and resist the urge to trade out of boredom.
• Ignoring Risk Management: Over-leveraging or risking too much per trade can wipe you out. Use 1-3% entries and aim for steady gains.
• Abandoning Your Strategy: Stick to your plan, even when the market tests you, to avoid emotional trading.
• Buying High, Selling Low: Resist buying at peaks and selling at dips—use technical analysis to find support and resistance zones.
• Lack of Patience and Discipline: Treat trading as a long-term game, waiting for high-probability setups rather than forcing trades.

Key Takeaway: Mistakes are part of the learning process—think of losses as tuition for mastering the markets. Awareness and a solid strategy can minimize damage and build confidence.

Send me some feedback!

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Hi and welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com, and this is Season 3, Episode 6. In this episode, I share my journey of trading real money for the first time, starting in April 2025. With my portfolio up 20% in just two months, I’m happy—but I’ve made plenty of mistakes along the way. This isn’t a true day trading strategy (despite the podcast’s name), and I explain why my approach works for my busy schedule. Tune in for 6 key lessons I’ve learned, from the importance of patience to avoiding news-driven trades, plus tips for new traders navigating the markets.

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

TradingView Charting Software: Start a free trial here

TraderSync Trading Journal: Visit the official website here


Resources Mentioned:

Portfolio updates: Trading Challenge 2025

Our Community on Skool: Come join us here

What You’ll Learn:

• My trading strategy: Buying at support, avoid chasing breakouts, and riding momentum.
• Why this isn’t day trading—and how to test strategies with paper trading.
• Mistakes like selling too early ($HIMS, $GOOG), missing resistance zones ($TSLA, $COIN, $HOOD), and rushing entries ($OSCR).
• The power of patience: Letting price come to you with 1-3% entries.
• How charts predict moves before news, and why you should ignore noise on social media.

Disclaimer: This is not financial advice. I’m sharing my personal trading experience for educational purposes.

Send me some feedback!

Website and Other Social Accounts:

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https://www.youtube.com/@StokesTrades


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Hi and welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com, and this is Season 3, Episode 6. Today, I’m breaking down momentum trading, the strategy I’m using in my real money challenge from last week. I’m a beginner on a journey to become a full-time trader, but with my schedule, day trading’s not something I can actively do at the moment. So I'm gaining experience with this strategy.

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

TradingView Charting Software: Start a free trial here

TraderSync Trading Journal: Visit the official website here


Resources Mentioned:

Our Community on Skool: Come join us here

What I Covered

• Momentum Trading Basics: What it is and how it differs from day trading.
• Why I Chose It: My schedule led me to this slower, less stressful approach.
• How It Works: Buy at support, ride the trend, hold for bigger moves.
• Tools I Use: Market structure, moving averages, and more—simple stuff!

Key Takeaways

• Momentum trading is about catching strong bull trends—higher highs, higher lows—buying at support when buyers are in charge. Think wealth-building, not quick flips!
• I stumbled into it because day trading’s fast pace doesn’t fit my life right now (kids, family, etc.). This strategy mixes swing trading vibes—holding days, weeks, or longer. That being said, you CAN trade this strategy on shorter time frames.
• How I do it: Spot bullish structure, buy low at support zones (using tools like Fibonacci, Ichimoku Cloud), and set limit orders at night—no daily stress!
• It’s slower than day trading (fast profits, in-and-out) but simpler for beginners IMO. You don’t need to watch every tick—just ride the trend and be patient.
• Tie-in: My real money challenge (updates in my Skool Group) uses this strategy—see my trades in action!

Why It Matters

Day trading’s the end goal (at least I think it is right now), but momentum trading fits my reality—less time, less pressure, and still profitable if the trend’s right. For beginners, it’s a gentler start: no lightning-fast moves, just spotting trends and holding on. It’s teaching me patience, planning, and market structure—skills I’ll carry to day trading later. Plus, with markets shaky now (tariffs, flash crashes), buying support could pay off big down the road—not financial advice, just my take!

Final Thoughts

I hope this peek into momentum trading helps! It’s not as flashy as day trading (still my goal!), but it’s working for me—slower, calmer, and wealth-focused. Markets are wild right now, but that’s where support zones shine. Join the Skool Group and follow my real trades and see this strategy play out. Thanks for listening—catch you next episode!

Send me some feedback!

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