Best trading broker for penny stocks

Best trading broker for penny stocks

By: N1ke Date of post: 20.06.2017

So, for these are my goals for you.

Hey, Tim Sykes Millionaire Mentor and trader here with your plan for You need to have a plan. You need to be meticulous, if you want to be successful. This was me in Laos a few weeks ago at one of the schools that my charity has built. I actually have a very exciting announcement, a seven-figure donation announcement, my first seven-figure donation ever. And, it took a while to plan, okay?

And, that is the secret to my success. Just preparation, you know? Download a PDF version of this post. These are all of my trades, okay? I post all of my trades, including my losses. And, you know, some years, I trade with a small account, so theoretically, it could be more. Having a few million dollars is really all you need in life.

And, while most people are so interested in trying to manage tens of millions and hundreds of millions and billions of dollars, what I found is that I actually enjoy teaching, especially people with just small accounts, to grow their account, taking a few thousand and turning it into a few hundred thousand or a few million.

Here is my top student, Tim Grittani. That is the beauty of penny stocks. He trades every single day. This was a great honor. My parents were in the audience, also. And, this is interesting, to say the least. So, it was just great spending time with him. And, I want you to have the right priorities. Spend time with your family, okay? And, I have to remind myself that sometimes. Same thing with Tim Grittani. You have access to him. Please, please watch it, study from the past.

My first millionaire student, Michael Goode, also gives trading challenge webinars. Mark Croock also gives exclusive trading challenge webinars and now video lessons, too and he mentors trading challenge students.

He was my student of the year, Also, got to give props to Dux. You can see his profit charts showing every single trade, losses and gains, too. Just got to give props to a few more students. I have so many. Eric Russell, he could have been student of the year, too.

That seems to be the magic number. I need you to understand that. I highlight my millionaire students and my six figure students, too.

And now, he kept studying. So, understand that penny stocks will do this, but they take time.

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You have to wait for the right supernovas. But, just understand that there are some penny stocks that go supernova. And this was a few months ago, but I had to highlight it. Granted, PRGN eventually dropped. So if you just try and buy these stocks and hold onto them, and fall for their hype…if you invest in them, like a lotto ticket, then yes, you probably will lose.

But if you learn the right rules, it is very, very difficult not to eventually catch one of these. But you can grow your account gradually. And my last student that I just need to highlight, HudsonTrades. He actually learned with me live, in person. I teach in person, too. And, he has not had a down day since leaving my Market Mastery. We had, I think, nine or ten people and I taught them for two straight days live trading.

But, more importantly, they learned the lessons. But, you start somewhere. And more importantly, he has not had a red day since. One hundred percent is not sustainable. But at least you can see the improvement. So now, let us get to You need to understand the background. That is my main business. Anyways, recommended educational tools and brokers. Please only apply for my trading challenge if you are truly dedicated and you want to be mentored by me and several of my millionaire students.

I need to be very clear about this, this is why I put it in bold. If you want to treat your parents to sports games, or treat your parents to, really anything, which I think that you should. I now have students in over 80 countries, so I understand. Not everybody can be committed. Also, please use StocksToTrade. So please, go to stockstotrade. But this is what StocksToTrade looks like. This is the page. And you go to StocksToTrade, get the software.

This is my student, Tim Bowen. But please use this. I will only be teaching on StocksToTrade in , even if I have slow WiFi. So my interests are aligned with you. Brokers are not necessarily aligned with you because they just want commissions.

I want millionaire students. Quality over quantity in That is going to be my motto. But was a pretty good year, you know? I show everything, okay?

best trading broker for penny stocks

The wires have already gone out, I will have rebalanced it. Short selling was a very tough year. I know a lot of big short sellers, they might have came out with profits, but very stressful, having health issues. I have no idea what the trades are going to be. So learn not to set goals and to take it one trade at a time.

But this is the beauty of learning from a veteran trader and not a newbie. If you learn from some of these newbies who have only been trading a year, two years, three years, four years, five years, just during this bull market, they will teach you very dangerous stuff. I made this much. Show me every single trade. I want to see how much you risked. I want to see what percent gain.

What percent of your trades are losses. I think the future of this industry is showing every single trade publicly. Batters show their bats, at-bats, their stats.

There would be laughs. There would be boos. That player would be booed out of the stadium. They should be booed out of the industry. And I think that transparency is the future. I could be wrong. No one should ever buy this.

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So get in the habit of showing everything. Let me be very clear. I have three accounts. You will only be able to see the live video from start to finish after the trade is over. So nothing will interfere with my concentration. And subscribers will be able to see every single thing on my screen. Let me get to some other brokers, too.

But, what about these brokers? But I understand that different brokers have different rules, different minimums, different countries. I think Questrade is Canadian. Terrible, terrible, terrible executions. No after-hours, no pre-market trading, no short-selling. The stock market is a battlefield, make no mistake.

You get what you pay for. And, in my experience, as much as people complain about commissions, a lot of that is just in your head. Those are the good trades that you should be focusing on.

And yes, if you do that, then guess what? Not once did I ever care about the commissions that E-Trade or Interactive Brokers has charged me. If I focus on the right trades, the commissions are negligible. You just have to be choosier? The commissions can actually be a good thing in helping you prevent over-trading. No different than the PDT rule, which many people hate, I hated it at first. They have very, very spotty services and executions and fees. And, I think that makes it worth the risk.

But, any one day, it could come down. It might be a week away, for all I know. I want you in the game to be able to trade.

I know many of you are trying to escape the PDT rule. Look, just open, like, you know, up two accounts. Oh, I should add TD Ameritrade to this. And, I know many people who have, like, one E-Trade account and one TD Ameritrade account. So basically, three trades per week. But, what is a day trade? A day trade is in and out, same day. So, you can hold a stock every single night and make a day trade three days out of the week. So really, you get, like, eight trades per week, which is more than enough that you need, especially if you have a small account.

The good news is the PDT rule forces you to be more choosy with your trades, which is so, so important with your process. We did the math. And these are…secret broker on Profit. I wish that they were a huge company that could afford to just cater to everybody. But anyways, the PDT rule is not something that you need to be avoided. And commissions are not something that need to be avoided. When in fact, if you look at me and all of my top students, none of us got to where we were by trading every single second and scalping every single second, okay?

We choose the best trades. And that comes when you have knowledge. So, I actually say this for And, if you have any questions, watch my HowToMakeMillions guide. This will teach you what a great play is. It is the foundation of your education. I also have my free Trader Checklist guide. If you go to traderchecklist. But if you want to actually invest in your education, which I think is better…sadly, not enough people are even watching the free stuff.

All I want to do is show you the life that you could have if you study. And everyone is motivated differently. So this Trader Checklist guide will always be free. Also, we have a free penny stocking guide on TimothySykes.

The direct URL is this, tim. And it is a free guide on trading penny stocks. This is my book , download the free eBook, and so you can see my backstory. And this really pisses off a lot of questionable characters in trading and in the broker world, and in the penny stock world. But eventually, just be real. Study, study, study, prepare, prepare, prepare, and your odds of success go up.

best trading broker for penny stocks

All of these trades is just luck. So yes, maybe sometimes I do get lucky. Do I have inside information?

I have charts and I have the odds on my side because I know what to look for, and I know what makes a great setup. Also, I cannot guarantee any profits whatsoever. I post every single trade publicly, and I have more millionaire students and now, more upcoming millionaire students than anybody else.

Nobody is forcing you. Ignore my rules, patterns, and lessons at your own risk. You can learn everything on your own. You do not have to trade every single day.

Very little volatility is useful at midday for trading purposes. Most big traders take midday off. Most of the volatility comes in at the market open and the market close the first half hour or the first hour of the trading day, and the last hour of the trading day. You could theoretically trade just two hours a day and capture the vast majority of the good place. And I know many students who do that. And that is the mind of a degenerate gambler.

This was my first year in , actually, where I did not have a big loss. So it took me 18 years to control my emotions and discipline. And also, mind you, Tim Grittani took nine months to get consistently profitable.

You need to give it time. So many of you just want millions of dollars so quickly. Put in six months, nine months, 12 months, 24 months. Because even somebody as dumb as Forrest Gump can get it within 24 to 36 months. But in the first few days and weeks, you need to focus on studying much more than trying to go for big profits. You need to increase your knowledge account before you can grow your monetary account.

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Let me just reinforce this one more time. The PDT rule, where you can only make three day trades per week, is not a bad thing. If you hold stocks overnight, it does not count against the PDT rule. So you can do it every single night. But I want you to be sure to choose wisely because overnight positions also have additional risks.

But look at this, for nearly half a year, he was flat. He got off the path. Once you have a few thousand dollars, you just turn it into a few million.

So understand that you can make mistakes. And I need you to make that clear. The key to making millions over time is not necessarily to have any one big year. The quickest way to get out of the PDT rule is to challenge yourself and grow it yourself. I want to be free to trade whenever I want. I might have a down year.

Never follow an alert from anybody. You can do that. I share every aspect of my trades. It took you long enough.

He just knows the patterns. Now, I know you just want to play Netflix and go out to the club and hang out with your friends and your family and stuff like that. But do me a favor and make a year of study.

You will thank me for it later. Your future self will thank you for it later. Studying is what will make you financially free. So, in summary, any questions, email admin timothysykes.

My team and I are always here to help you on your journey, and to cut through the BS in this industry. Again, we cannot manage money for other people. I cannot guarantee that you will be profitable. Because even though I made money, I was lost, and I did not have good rules, and that led to several of my biggest losses. So I wanna try to prevent you from making boneheaded mistakes. Forget about even making a lot of money at first.

Obviously, I want more millionaire students. But anyways, I love my job. Sometimes, I go a little overboard, and when I do, I apologize. Because no one cares as much as I do. When I see so many traders losing, when I see so many traders without rules, it makes my blood boil. It pisses me off that some people still think that short selling penny stocks is illegal. And I want to get that good information out there. Win or lose, every single trade is a lesson. But, tomorrow morning, I want you in the chatroom, prepared by 9: Eastern, so that we can be ready for the market open at 9: As many of you already know I grew up in a middle class family and didn't have many luxuries.

But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results! Which is why I've launched my millionaire challenge. So when you get a chance make sure you check it out. Don't forget to check out my free Penny Stock Guide , it will teach you everything you need to know about trading.

Thank you Tim for everything! I started trading in October and have learned so much about the industry from your videos. I attended your live trading session in November and hope to get your other courses soon.

Your example to me is such a delight. I had thought that I was crazy desiring to work so much until I learned of you, Tim. I appreciate your example. Hello Tim, I enjoyed the comments you included in this video about your Dad and your family.

Thank you for the opportunity. My Brokers For And My Plan For You — Trade Wisely. Thank you once again! Timothy, I am a british national living in Dubai, what trading platform do you suggest for trading the US market? Thank you for sharing the wealth. I am going to go back and soak all of this in.

So much good stuff on here!!! I have to take my son to work with me tomorrow for Bring your Child to Work. Have to get up early and be away from trading all day.

best trading broker for penny stocks

I became self-made millionaire by the age of 21, trading thousands of Penny Stocks - yep you read that right. You may have heard the story: I was featured on a popular reality TV show called Wall Street Warriors. I was featured in Trader Click here if you want to become a millionaire!

Home About Affiliates Chatroom Contact TIM. My Brokers For And My Plan For You URGENT: Now it's your turn. Apply To Work With Me. Leave a Reply Cancel reply Your email address will not be published. Comment Name Email Website. Have What It Takes? Become a Millionaire Let Me Walk You Step-By-Step To Big Time Trading Profits. I will never spam you! About Timothy Sykes I became self-made millionaire by the age of 21, trading thousands of Penny Stocks - yep you read that right. Signup to receive 7 absolutely free video lessons.

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