Hi everyone, Tyler Stokes here, and welcome to episode two of the "Day Trading for Beginners" podcast. In this episode, I'm diving into my comprehensive blueprint for the initial six months of my day trading journey. It's early 2024, a time of new beginnings and bold ambitions, and I've just embarked on a path to becoming a day trader.
Update: Download my 6 month blueprint here:
https://stokestrades.com/blueprint
I kick off the episode by sharing my initial steps, including navigating the overwhelming world of YouTube videos on day trading. With a critical eye, I delve into how these engaging yet often misleading videos influenced my approach to learning day trading. Drawing from my experience in the affiliate marketing niche, I discuss the importance of discernment when sifting through online courses and content.
I then introduce some invaluable resources I've discovered: an honest YouTuber named Iman Trading, whose videos I've found to be genuinely helpful, and a Reddit group called RealDayTrading, which has become a crucial part of my learning network.
The core of this episode is my detailed 6-month plan, broken down into phases: Foundation and Setup (Months 1-2), Deep Dive into Learning (Months 3-4), and Technical Analysis and Trade Review (Months 5-6). I talk about setting realistic expectations, choosing the right broker (Interactive Brokers for me), and the importance of paper trading to practice without financial risk. I also share the specific books and resources I'll be using to deepen my understanding of the markets.
This journey is about methodical, disciplined learning, starting with mastering the basics and gradually progressing to more advanced concepts. By sharing this blueprint, I hope to provide a roadmap not only for myself but for any beginner in day trading.
So, join me as I take these first crucial steps. Subscribe to follow along with my journey.
Resources mentioned:
https://www.imantrading.org/
https://www.reddit.com/r/RealDayTrading/wiki/index/
Books and Journal mentioned:
Article:
https://stokestrades.com/6-month-day-trading-guide-for-beginners/
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