Welcome to season 3, episode 9 of the Day Trading for Beginners Podcast! I'm Tyler Stokes from StokesTrades.com, and in this episode, I'm excited to share my portfolio gains—up 65% after four months of trading real money—and discuss the momentum trading strategy that's been working for me.
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Resources Mentioned:
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How Momentum Trading Works:
1. Spot Opportunities: Find stocks in strong uptrends on daily/weekly charts (higher highs, higher lows). Use TradingView screeners or Grok to build a watchlist of high-potential stocks (e.g., crypto, AI, tech).
2. Buy at Support: Enter at proven support zones where indicators align (Ichimoku Cloud, moving averages, Fibonacci retracements, Gann Squares). Start with 1-3% positions to manage risk—never buy at resistance.
3. Ride and Accumulate: Hold as stocks rise, adding shares at new support zones during pullbacks. Cap exposure at 10% per stock. Ride momentum for weeks/months, avoiding premature sells.
4. Exit Strategically: Sell when momentum fades (broken support, flat trends, lower highs). Take partial profits or exit fully to lock in gains and rotate capital.
Why It Works: This low-stress strategy avoids emotional traps like FOMO or overtrading, focusing on patience and high-probability setups. It’s ideal for beginners with busy schedules, but trading carries risks, and results aren’t guaranteed.
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