Can I Beat Tesla in This Trading Challenge?

Day Trading for Beginners

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24d ago 15:00

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Welcome back to the Day Trading For Beginners podcast! I’m Tyler Stokes from StokesTrades.com, and this is Season 3, Episode 5—a special one! Today, I’m sharing my real money trading challenge, where I’m putting cash on the line to test my strategy. I’m documenting every step, and you can follow along.

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What I Covered

The Challenge: I’m trading real money with my momentum strategy—fully transparent.
Strategy Basics: It’s about buying support, selling resistance.
Rules & Goals: Five core rules to keep me disciplined, plus a Tesla benchmark.
Why Now: Volatile markets could be my chance—or my downfall.
Follow Along: Updates in my Skool group—trades, wins, losses, and lessons.

Key Takeaways

I’m kicking off today, April 7, 2025, with a market symmetry strategy (details in my Skoo group). Every trade—entries, exits, wins, losses—goes public there. Total transparency!
My five rules: 1) Stick to the strategy, 2) Never chase price, 3) Limit position size, 4) Buy at support, sell at resistance, 5) Stay uncomfortable—buy when it’s tough. More in the group!
The fun part: Can I outperform Tesla stock by December 31, 2025? I sold some Tesla shares to fund this (not bearish—just wanted to raise cash!).
Why now? Markets are shaky—S&P’s dropping, tariffs are looming, fear’s everywhere. For a momentum trader, these dips might be golden if I time support zones right.
Not financial advice! I’m a beginner, not an advisor. This is my journey—watch, learn, but trade your own way.

Why It Matters

This challenge is about discipline—sharing every trade keeps me honest (no FOMO slip-ups!). It’s also about teaching—if you’re new, you might pick up something useful. Markets are wild, but I’m betting on patience and smart moves. I’ll lean on analysts for ideas, but every trade’s my call. Good or bad, you’ll see it all—I’m learning as I go!

Final Thoughts

I’m excited to launch this challenge! Will I beat Tesla? Honestly, I’m not sure—Tesla’s my biggest holding, and I think it’ll soar by year-end (not advice!). But this is about testing my skills, staying disciplined, and sharing the ride. Join me in my Skool group for weekly trade updates and monthly portfolio check-ins, wrapping up December 31st. Thanks for listening—let’s see how this goes!

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https://www.youtube.com/@StokesTrades
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50 episodes

#Trading #Business #Tyler Stokes