How To Start Trading Stocks As A Complete Beginner

Summary

This video script offers a comprehensive guide for beginners in stock trading, emphasizing the importance of starting with trading simulators to avoid losing real money. The speaker shares insights from eight years of experience and recommends Webull for its user-friendly interface and free shares for new users. They stress the value of recording every trade to learn from mistakes and successes, suggesting that focusing on strategy rather than money will naturally lead to profits. The speaker proposes a video series covering everything from risk management to trading psychology.

Takeaways

• 📚 The speaker emphasizes the overwhelming amount of information in stock trading and the difficulty in discerning good from bad information.
• 🤗 The speaker shares their personal experience and annoyance with the complexity of learning to trade, which led them to create a free guide for beginners.
• 💸 The speaker rejects the common approach of selling expensive courses and offers a free series to help beginners learn about trading.
• 🚀 The goal is to simplify and efficiently convey information to help beginners understand as much as possible in a short time.
• 💰 The speaker answers the common question about how much money is needed to start trading, revealing that it can be as low as $0.
• 🚫 The speaker warns against the common mistake of beginners jumping into the market with their life savings without experience, which often leads to loss and quitting.
• 💡 The speaker introduces the concept of trading simulators or paper trading as a crucial step for beginners to practice and learn without risking real money.
• 🌐 The speaker recommends Webull as a user-friendly trading simulator that offers a free platform for beginners to practice.
• 📈 The speaker advises beginners to treat paper trading as if it were real trading, to test strategies, risk management, and emotional control.
• 📝 The speaker stresses the importance of recording every trade, both winning and losing, to analyze and learn from each one, which can significantly speed up the learning process.
• 💼 The speaker suggests that focusing on the strategy and learning process rather than the money will naturally lead to making money in trading.
• 🎥 The speaker proposes making the guide a video series covering everything from risk management to trading strategies for a complete beginner's journey.

Q & A

What is the main challenge for beginners in stock trading?

The main challenge for beginners in stock trading is getting overwhelmed by the vast amount of information available, which includes free ebooks, paid courses, and potentially misleading advice from various sources.

What is the speaker's approach to helping beginners trade stocks?

The speaker offers a complete A-Z guide on how to start trading stocks for complete beginners, free of charge, to help them navigate through the overwhelming amount of information.

Why does the speaker emphasize the importance of not wrapping the information in a 'nice little bow'?

The speaker wants to avoid the common YouTuber approach of packaging information in a way that requires payment, which can be misleading or overly commercialized.

What does the speaker suggest as the minimum amount of money needed to start trading?

The speaker suggests that no money is needed to start trading, as beginners can use trading simulators or paper trading platforms to practice with fake money.

What is the biggest mistake that beginner traders often make according to the speaker?

The biggest mistake beginner traders make is jumping into the market with their life savings without any experience, often influenced by social media traders showing off their wealth.

What is the purpose of using trading simulators or paper trading?

Trading simulators or paper trading allow beginners to test different strategies, risk management techniques, and emotional control without risking real money.

Which trading simulator does the speaker recommend and why?

The speaker recommends Webull because it is free and has a user-friendly dashboard that is not confusing and easy to use.

What bonus does Webull offer to new users according to the script?

Webull offers new users 12 free shares of stock or something similar as a bonus for signing up.

Why is recording every trade important when using a trading simulator?

Recording every trade is important because it allows traders to review their decisions, understand what went wrong in losing trades, and replicate successful strategies in winning trades.

What should beginners focus on instead of the money aspect of trading?

Beginners should focus on developing and improving their trading strategy, learning as much as possible, and understanding trading psychology.

What is the speaker's plan for future content if the video gets enough engagement?

If the video gets 1,000 likes, the speaker plans to create a complete series covering everything from risk management to trading strategies, providing a total blueprint for beginners to learn to trade stocks.

Outlines

00:00

📈 Stock Trading for Beginners: Cutting Through the Noise

The speaker introduces the overwhelming nature of the stock trading world, filled with a plethora of information ranging from free ebooks to paid courses and dubious YouTubers. They share their own experience of sifting through the information and express frustration at the difficulty of discerning quality from scam. To help beginners, the speaker offers a comprehensive guide to stock trading without the usual monetization tactics seen on YouTube. They emphasize their eight years of trading experience and their goal to simplify the learning process for new traders. A common question from new traders about the initial capital needed to start trading is addressed, with the surprising answer that no money is needed to start. The speaker advises against risking real money without experience and recommends using trading simulators or paper trading platforms to gain experience and test strategies without financial risk. They specifically recommend Webull for its free service and user-friendly interface, and suggest that new traders simulate real trading scenarios to learn effectively.

05:01

🚀 The Power of Paper Trading: A Game-Changer for New Traders

The speaker continues by emphasizing the importance of paper trading as a crucial step often skipped by new traders, which can lead to significant financial loss. They suggest using a trading simulator like Webull to practice with virtual money as if it were real, to develop a solid trading strategy and to manage emotions effectively. The speaker encourages traders to meticulously record every trade, analyzing both wins and losses to learn and improve. They stress that the focus should be on strategy and learning rather than immediate financial gain. The speaker proposes to create a video series covering everything from risk management to trading psychology, chart setups, and strategies, to guide beginners from start to finish in becoming successful traders. They conclude by inviting viewers to engage with the video, suggesting that if it reaches 1,000 likes, they will proceed with the series.

Keywords

💡Stock Trading

Stock trading refers to the buying and selling of shares in publicly traded companies. It is a core concept in the video as the speaker discusses how to approach and learn about trading stocks. The video aims to guide beginners through the process of starting to trade stocks, emphasizing the importance of education and practice over jumping straight into real trading with significant investments.

💡Information Overload

Information overload occurs when an individual is exposed to more information than they can effectively process or understand. In the context of the video, the speaker describes the overwhelming amount of resources available for learning about stock trading, which can confuse beginners. The video aims to simplify this information and provide a clear path for new traders.

💡Scams

A scam is a fraudulent scheme designed to make money dishonestly. The video script mentions 'scammy youtubers' as part of the overwhelming information landscape in stock trading. The speaker warns beginners to be cautious of these dishonest sources and seeks to provide a trustworthy guide through the process.

💡A-Z Guide

An A-Z guide implies a comprehensive resource covering everything from start to finish on a particular subject. The speaker promises to provide such a guide for stock trading, aiming to be a one-stop resource for beginners to learn everything they need to know without having to pay for expensive courses.

💡Risk Management

Risk management in trading involves the identification, evaluation, and prioritization of risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. The video mentions that risk management will be covered in the proposed series, indicating its importance in successful trading.

💡Paper Trading

Paper trading, also known as trading simulators, is a practice where traders use virtual money to trade in a simulated market environment. The video emphasizes the importance of paper trading as a step to gain experience and test strategies without risking real money, which is a crucial step for beginners according to the speaker.

💡Webull

Webull is a trading platform mentioned in the video that offers a free trading simulator. The speaker recommends Webull for its user-friendly interface and the additional benefit of receiving free shares upon signing up. This recommendation is part of the speaker's effort to provide practical tools for beginners to start their trading journey.

💡Emotional Control

Emotional control is the ability to manage one's emotions, especially in high-stress situations like trading. The video script suggests that practicing emotional control is a key aspect of paper trading, as it helps traders avoid making impulsive decisions that can lead to losses.

💡Trading Strategy

A trading strategy is a fixed plan that defines the rules and parameters for trading. In the video, the speaker advises beginners to focus on developing and refining their trading strategy rather than the money aspect of trading. This involves learning from both winning and losing trades to improve decision-making.

💡Market Structure

Market structure refers to the way in which the market is organized, including the mechanisms through which buyers and sellers interact. The video promises to cover market structure as part of the comprehensive guide, which is essential for understanding how the market operates and how to navigate it effectively.

💡Candlestick Patterns

Candlestick patterns are graphical representations of price movements in a trading chart, used by traders to identify trends and predict future price movements. The video script mentions that candlestick patterns will be covered in the series, highlighting their importance in analyzing market data and making informed trading decisions.

Highlights

The challenge of sifting through the overwhelming amount of information in stock trading.

The speaker's personal experience and motivation for creating an educational video series.

Offering a free A-Z guide to stock trading for beginners.

The speaker's 8 years of trading experience and the goal to simplify complex information.

A common question from new traders about the amount of money needed to start trading.

The surprising answer that you can start trading with $0 using trading simulators.

The mistake of jumping into the market without experience and the consequences.

The importance of using trading simulators to avoid losing real money early on.

Recommendation of Webull as a user-friendly trading simulator.

Advantage of Webull offering 12 free shares of stock for new sign-ups.

Emphasis on treating simulated trading money as real to learn effectively.

The value of recording every trade, including wins and losses, for analysis.

Focusing on trading strategy and learning rather than money when starting out.

The natural progression to making money after mastering trading strategies.

The proposal to create a comprehensive video series on becoming a successful trader.

The promise to cover everything from risk management to trading strategies in the series.

A call to action for viewers to like the video to turn it into a full series.

Transcripts

In the world of stock trading, its so easy  to get overwhelmed and lost in the endless  

abyss of information that s out there. There s free ebooks, paid courses, and scammy  

youtubers. and its extremely hard to decipher what  s good information and what s bad information.  

As someone who has had to go through  the exact same scenario myself.  

(Yep that s me) I found it extremely  

annoying. So that s why im making this exact  video. So you can cut out all the bullshit  

and get a complete A-Z guide on how to start  trading stocks if you are complete beginner.  

Now im not going to do the usual YouTuber approach  where I wrap this all up in a nice little bow and  

make you pay $299 for my course. The best part of this series,  

its completely free. (free realestate)  

Now after trading for around 8 years, I can  say there s a lot of information we have to  

swim through. My job is to go over that  information in a simplistic and efficient  

way so you can understand the maximum amount  of information possible in the shortest amount  

of time. That s the goal at least. Now theres a specific question I get  

asked most almost every single day in my comment  section from new traders. Trader after trader  

asking the same, exact, question. That question is .  

How much money do I need to start trading? And my answer, might just surprise you. Is  

it $100? Is it $1,000? Is it $10,000? What if I told you the answer is $0.  

Let me explain. One of the biggest mistakes beginner traders make  

is they just instantly jump in the market with  their life savings without any experience at all.  

Just because they saw some Stock tiktok trader in  front of a lambo and thought hey that looks fun .  

Considering they have no experience, they  lose all of their money, then end up saying  

ahh maybe this isn t for me . Then end up  quitting, and never try to trade stocks again.  

And the sad part is, this is what  happens to a majority of traders.  

What I m about to tell you, is how you  can completely avoid that all together,  

so this doesn t happen to you. There are devices called trading simulators  

or paper trading. Which is basically a platform  where you can trade with fake money so you can  

test things out. Test different strategies,  test your risk management techniques, test  

controlling your emotions, or maybe you want to  test out different trading styles like shorting.  

Most new traders skip this step, and  honestly its the most crucial step  

out there to become a successful trader.  That s why im listing it as my very step.  

There are a lot of trading simulators out  there. Some are paid, some are free. But  

the one that I would recommend the most is  webull. Just because its free and they have  

a really user friendly dashboard to where  its not really confusing and easy to use.  

So that s what I would recommend if you want  to try one out. Plus I think they give you,  

12 free shares of stock or something like  that if its your first time signing up,  

so that s a good bonus as well.  

Ill leave a link in my description if you  want to try out their trading simulator.  

No, this video is not sponsored by webull.  I just recommend them if you don t have a  

trading simulator already. But webull  if you re watching this cough cough.  

So what I would recommend doing is  getting on webull, start paper trading,  

and just do what you would normally do  if it was real money. But the trick is,  

you have to act like this fake paper trading  money is real. Act like its your actual capital.  

Put the concepts that im about to teach you in  this video series to the test. But not only that,  

take it a step further. Record  every single trade you take.  

If it was a losing trade. Write down what you  think you did wrong. Did you get greedy? Did you  

move your stop loss? Did you let your emotions get  the best of you? Did you follow your rule set?  

Record EVERYTHING. For every single trade. This way, you can look back at what you did  

wrong and instantly fix it there and then. This will EXPONENTIALLY speed up the  

process of you becoming a better trader. But not only that, you should record all your  

winning trades as well. Write down what you think  you did right. That way, you can look back at it  

and try to repeat the concepts you did right. When first starting out, you should not be  

focused on the money aspect of trading at  all. You should purely be focusing on your  

trading strategy, improving said strategy,  and trying to learn as much as possible.  

If you do all of this, the making  money part, will just come naturally.  

Doing just this, will let you pass 100,000s  of new traders on the learning curve.  

This tip in itself is a game changer, im  serious, every new trader should do it.  

Thats my first step, on how to start trading  stocks a complete beginner. I was thinking about  

making this a video series, where we go completely  from A-Z on how to become a successful trader.  

This is going to include everything. Risk  management, trading psychology, chart setups,  

market structure, candle stick patterns, trading  strategies, everything. A-Z. Beginning to end.  

Everything you need know as a beginner trader. If you guys are interested in this and you guys  

get this video to 1,000 likes, Ill  make this a complete series and do  

a total blueprint on how to start learning  to trade stocks from a complete beginner.