Welcome to Episode 5 of the "Day Trading For Beginners Podcast." In this episode, we're kick-starting our journey into the world of day trading with a beginner-friendly deep dive into the basics of the stock market and stocks.
Update: Download the 6 month blueprint I'm following as a beginner day trader:
https://stokestrades.com/blueprint
Key Highlights:
- Understanding Stocks: Learn what stocks, also known as shares or equities, truly represent – ownership in a company. Discover a practical way to conceptualize this with a detailed example from Tesla's stock.
- Historical Context of Stocks: A brief exploration into the origins of stock issuance dating back to the 17th century and how it has evolved to be a vital part of company growth and public investment.
- IPOs Explained: Unravel the process of Initial Public Offerings (IPOs) and their significance in a company’s transition from private to public.
- Stock Market Mechanics: Get to grips with how the stock market functions, the role of stock exchanges like NYSE and NASDAQ, and the distinction between retail and institutional investors.
- Brokerage Firms as Gateways: An overview of various brokerage firms that act as intermediaries in the stock market, with personal insights on using Questrade and plans for Interactive Brokers.
- Price Movement of Stocks: A real-world discussion on the dynamics of stock prices using Tesla as an ongoing case study, emphasizing supply and demand, investor perceptions, and company performance.
Key Insights Recap:
- Stock Ownership and Rights
- The Evolution of Stock Issuance
- The Significance of IPOs
- How the Stock Market Works
- The Role of Brokerage Firms
- Stock Price Dynamics
Coming Up Next: Stay tuned for more educational episodes where we'll delve into other aspects of trading like bonds, commodities, futures, and specific day trading strategies.
Resources & Social Media Links:
- Jason DeBolt on Tesla Stocks
- RealDayTrading Reddit Group
- Questrade
- Interactive Brokers
- Stock article on StokesTrades.com
Follow and Subscribe: Don’t miss out on future episodes - subscribe now and follow us on our journey. Check out the links below for more resources and updates on our day trading journey.
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
01/08/24 • 19 min
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