Welcome to Episode 7 of the "Day Trading for Beginners Podcast." I'm Tyler Stokes from StokesTrades.com, on my journey to becoming a full-time day trader. This episode, we're exploring my initial day trading setup as a beginner who's recently started paper trading.
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
Our Free Community on Skool: See this post in our group here.
All Resources:
https://stokestrades.com/day-trading-setup/
Setting up your trading environment is crucial as you transition from learning to actual trading. I’ll share the details of my current setup to help you understand what you might need to get started efficiently.
Essential Components of My Setup:
- Brokerage Account: I use Interactive Brokers for its robust platform.
- Charting Software: I’ve chosen TradingView for its user-friendly interface and comprehensive tools.
- Trading Journal: Trader Sync is my choice for tracking trades and analyzing performance.
- Scanners and Screeners: I use Interactive Brokers' scanner and TradingView’s screener to identify trading opportunities.
- Computer and Monitors: A reliable computer with at least two monitors is crucial for effective trading.
Guidance for Beginners: Don’t feel pressured to have everything figured out immediately. Start with the basics, and as you advance in your trading journey, you can refine your setup. The key is to begin with essential tools that allow you to execute and analyze trades efficiently.
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
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