Welcome to season 4, episode 5 of the Stock Trading for Beginners Podcast!
When I first started trading, I felt totally overwhelmed staring at price charts without knowing when to enter. Then I discovered a one-rule strategy that changed everything: only buy at support. After six months of trading real money, my portfolio jumped 144%, and I only spent minimal time scanning charts. In this episode, I break down this simple, stress-free approach that delivers real results—no fancy setups required. Listen to get the framework, then check out our free trading group for video lessons and examples.
Resource:
Join our FREE Skool group: https://www.skool.com/trading
Key Topics:
Building a Watchlist of Bullish Stocks
I start by explaining how to spot bullish stocks without needing screeners or scanners. Use AI tools like Grok or ChatGPT to generate a list of 30-50 stocks in trending sectors (e.g., Palantir, Tesla, Amazon). Plug them into TradingView, check for higher highs and higher lows on the weekly timeframe, and use the Ichimoku Cloud for a quick bullish/bearish confirmation—above the cloud with a green future cloud means it's a keeper.
Learning from Past Mistakes with Market Structure
I share my own story with Tesla: It hit an all-time high around $414.50 in late 2021, then shifted to bearish lower highs and lows, dropping to $100 by January 2023. I held through massive unrealized losses because I ignored technicals and focused only on fundamentals. Fast-forward to now in late 2025, and Tesla's showing positive structure, building a base above that old $414.50 resistance—proving why bullish market structure keeps you on the winning side.
Identifying Support Zones for Safe Entries
Once you've confirmed a bullish trend, I dive into finding support zones where buyers step in and prices are likely to hold. Use historical price data (like old resistance turning into support), plus tools like the Ichimoku Cloud, Fibonacci retracements, and Gann squares. Don't fear pullbacks in bull markets—they're prime buying opportunities for better risk-reward. I emphasize accumulating shares here to keep things low-stress.
Taking Profits at Resistance (or Holding for Momentum)
Finally, I cover when to sell: at resistance zones identified the same way as support—historical levels and indicators. If you like trading in and out, lock in gains here to avoid mistakes. Personally, I prefer holding through volatility in bullish stocks to ride the momentum, but either way, never buy at resistance.
Takeaways
This boils down to one rule: only buy at support in bullish stocks—it's shockingly simple but tough with emotions in play. I've seen great results personally, and beginners in our group are up and running with positive gains in weeks. Trading doesn't have to be overwhelming; this strategy proves it.
Join the Skool group at https://www.skool.com/trading for our free course with video modules, weekly analysis, a list of 30 bullish stocks, and community support to see this in action.
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https://www.skool.com/trading
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