Stop Losing Money - Master Your Mind with These Trading Psychology Hacks
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/tradingKey Topics: Five Emotional Traps & FixesGreed: Chasing BreakoutsProblem: 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.Fear: Selling Too EarlyProblem: 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.Anger: Revenge TradingProblem: 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.Overconfidence: Ignoring SignalsProblem: 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.Weak Discipline: Abandoning StrategyProblem: 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.TakeawaysStart 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
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Season 4 Premiere: Stress-Free Stock Trading for Beginners
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/tradingKey TopicsRebrandingRenamed 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.Four PillarsMaster 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).TipsChoose 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
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144% Portfolio Win and New Trading Plan (+ Podcast Update)
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/tradingNote: This episode was originally released under the podcast name Day Trading for Beginners, now rebranded as Stock Trading for Beginners.Key Topics DiscussedMy Portfolio Update: 144% Gains in 6 MonthsHow I’d Trade Differently: The Direct ApproachWhy Momentum Trading Works for BeginnersPodcast Rebrand AnnouncementSend me some feedback!Join Our Free Community on Skool:https://www.skool.com/trading
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How Your Mind Sabotages Your Trades: Unlocking the Psychology of Successful Trading
Welcome to season 3, episode 11 of the Day Trading for Beginners Podcast! In this episode, we talk about the critical topic of trading psychology, exploring a powerful quote from Jared Tendler’s book, The Mental Game of Trading: “The charts are a mirror that reflects your inner self.” We discuss how your emotions, biases, and mental blocks shape your trading decisions and how Tendler’s system can help you turn psychological flaws into strengths.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/tradingDownload the 6 Month Blueprint: https://stokestrades.com/blueprintKey Topics DiscussedIntroduction to Trading PsychologyWhy technical know-how isn’t enough—your mindset can make or break your strategy.The importance of joining our free Skool community (skool.com/trading) to learn and share experiences.Overview of The Mental Game of Trading by Jared Tendler, a top mental performance coach who applies lessons from competitive golf to trading.The Quote: “The Charts Are a Mirror That Reflects Your Inner Self”Charts provide objective data (prices, volume, trends), but your reactions reveal emotions like fear, greed, or hesitation.How your internal world—biases, past traumas, or impulses—distorts your interpretation of market data.Using charts not just for market analysis but as a tool for self-reflection to turn losses into lessons.Jared Tendler’s ApproachTendler frames common trading mistakes (chasing, overtrading) as psychological, not technical, issues.Emotions like greed, fear, and anger are root causes of trading errors.Practical tools like journaling, visualization, and mapping emotional patterns to build mental resilience.Treating emotions as data to identify triggers and correct flaws.Real-World ExamplesExample 1: A trader hesitates during a breakout pattern due to fear from past losses, missing an opportunity and feeling frustrated (“tilt” in poker terms). Tendler’s system suggests journaling emotions and using pre-trade routines to build confidence.Example 2: An overconfident trader takes an oversized position on a head-and-shoulders pattern, amplifying losses. Reflection reveals a need for validation through wins, not strategy.Actionable Tips to Apply Tendler’s PhilosophyJournal Your Feelings: After each trade, note how the chart made you feel (stressed, excited, etc.) and compare it to the objective data (price, volume).Spot Emotional Triggers: Identify chart patterns (e.g., sudden drops or breakouts) that spark fear, greed, or FOMO (fear of missing out).Stay Calm with Visualization: View charts as neutral tools, like a mirror, to avoid emotional reactions.Maintain Emotional Balance: Avoid overtrading or overconfidence by keeping a steady, patient mindset.Send me some feedback!Join Our Free Community on Skool:https://www.skool.com/trading
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Why I Quit Going All-In on Tesla - A Beginner’s Trading Lesson
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.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/tradingDownload the 6 Month Blueprint: https://stokestrades.com/blueprintPortfolio updates: Trading Challenge 2025Key Topics Discussed:The All-In Tesla TrapWhy 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).Lessons from Market VolatilityTesla’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.The Power of Technical AnalysisDiscovering 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.Why Diversification WinsNo 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.Rebalancing My PortfolioReducing 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.Lessons LearnedConviction 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 MattersIf 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.Send me some feedback!Join Our Free Community on Skool:https://www.skool.com/trading
Welcome to "Stock Trading for Beginners," hosted by Tyler Stokes of StokesTrades.com. This podcast is a real-time chronicle of my journey in stock trading, focusing on a low-stress, momentum-based strategy that fits busy schedules. As I share my experiences, from a 144% portfolio gain in 6 months, to lessons learned over two years, I invite you to learn alongside me, exploring the triumphs and challenges of becoming a proficient trader.In "Stock Trading for Beginners," you’ll get an authentic, behind-the-scenes look at what it takes to succeed in stock trading. Each episode breaks down complex concepts into beginner-friendly lessons, emphasizing practical strategies that don’t require hours of daily market monitoring. From choosing a strategy that suits your lifestyle to mastering risk management and market dynamics, this podcast covers it all.What sets this podcast apart is its focus on real-world trading experience tailored for beginners. As a seasoned affiliate marketer and entrepreneur, I approach stock trading with a fresh perspective, offering honest reflections and actionable insights. Whether I’m sharing my momentum trading strategy, discussing patience in market cycles, or reviewing tools and resources, I bring you along for every step of the journey.Listeners can expect:Practical insights into starting and succeeding in stock trading with a focus on momentum strategies.Honest reviews of tools, resources, and trading techniques.A step-by-step guide to building a sustainable trading foundation.An engaging narrative of my personal trading journey, including successes, challenges, and lessons learned."Stock Trading for Beginners" is more than just a podcast—it’s a community for aspiring traders to learn, grow, and succeed together. Join me as I share the strategies and mindset that have driven my success, and let’s embark on this educational adventure together. Subscribe now and join our free Skool community at Skool.com/trading to start trading smarter!
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