Tired of Being Broke? How To Trade With A Small Account

[@TimothySykesTrader]

Do you think size matters when it comes to trading? Leave a comment and tell me about the biggest lesson you’ve learned!

[@rogers2w709]

Position size does matter Tim! Can't make $1000 with 10 shares LMAO

[@TheTruckingTraderFX]

Size matters, but you don’t need 10k to start trading. For some 10k isn’t a small account for others it is.

[@farisqureshi7646]

Yes If someone win few trades, he becomes over confident. He started taking bigger sizes aggressively which lead him to wipeout his account. In a day trading, our hormones - Testosterone and Cortisole cause excessive risk taking after winning trades and breakdown confidence which leads inability to follow trading plan and take bigger risk to get back losing money.

[@ladyluv3844]

Size doesn't matter as long as you are smart with it. Don't be greedy cut your losses quickly.

[@TimothySykesTrader]

FunkyFlexing Gaming yes, exactly!

[@phonicssoundsofalphabets9649]

Why aren't children taught this at school? This is really important education and we really appreciate your drive to educate.

[@TimothySykesTrader]

yep! couldn't agree more.

[@johnteo1621]

I started off with a small $2000 account, and grew it up to a $4000 account but im still trading it as if its a $2000 account. Especially while im still learning and growing my knowledge account. Only been 4 months for me trading full time, after 6 months of studying and I know I've still got allot to learn so im just grateful to not have blown up by now #tradelikeasniper

[@pandaking7297]

what broker do you use bro?

[@kevsut3880]

Yep same question. What broker do you use?

[@jackson.denzler.]

What broker?

[@chaseramos4865]

@@pandaking7297 td ameritrade thinkorswim

[@chaseramos4865]

@@kevsut3880 td ameritrade thinkorswim

[@sissiefad6584]

I was feeling down about my trading, amazing one vid can lift u up again, round two...

[@TimothySykesTrader]

You got this!

[@sissiefad6584]

@@TimothySykesTrader thank you means a lot coming from you

[@GarMauer-eu7hh]

I will only use you Tim as my mentor because your the real deal… I don’t think size matters as a newbie because I always want to maximize & magnify my profits with as little capital as possible and having tight stops to cut losses quickly which I will still practice after I’m experienced… thx Tim… Gary

[@Kevinguth]

The complete penny stock course is a great read! Learning and loving the process!

[@willemconradie1162]

Started with $3000, grew it to $4200, then took huge loss ending at $3100 and now at $3600.

[@abigailw7194]

Starting with zero knowledge, not just of stocks/trading, but finance in general. However, have always been fascinated by the stock market. Decided to download Robinhood and deposit $100 into there to play with (but mainly as fuel to fire my pursuit to go from 0-100). Lots of info but an here to learn! Excited for this venture! People like you and your vids make this possible for me, can’t thank you enough!

[@drakeeaves8978]

Hey Tim! I'm a complete newbie to your videos, but I've been trying this with minimal success for about 2 years on my own. I need to grow my knowledge base and this seems like a good place to reset and restart from!

[@TimothySykesTrader]

You can do it!

[@Tonio_N]

Putting whatever money I can afford into my account until I have at least $1500, I have $400 in there now, paper trading and studying until then. 4 months into my journey.

[@xavierg.7907]

Anthony Amaya-Nestor. I'm right there with you. Just put 500 in an account. Have been studying on and off for about a year but kickking it into overdrive now that the money is in. So about one month of committed studying. Good luck.

[@tylershimek6806]

Anthony Amaya-Nestor I’m in the same boat! Just got to 400 but making sure my paper account is green for this month before I play with any real money. Keep up the learning!

[@Tonio_N]

NM Fishing Nice man. Good luck and God bless you. I hope you make it big.

[@Tonio_N]

Tyler Shimek Good luck brother. It’s hard but it’ll be worth it. You got this man.

[@FastdounutTV]

How is your journey going man since 5 months?

[@nickcourtright86]

Hey tim thanks for the video. Ive been studying your lessons religiously for the past few months.It's been very hard lately to stay motivated to keep studying because of financial obstacles in my life but I pledge to continue to build my knowledge account until I have the funds to start trading. Thank you

[@justinmorales1511]

LMAO he said "ahhhhh calm down". Quickly shut him down. Your vids are great because you keep things interesting with your personality all while giving great information. These will always be my go to's

[@TimothySykesTrader]

😂haha thanks

[@danielballard584]

Started with 1k in January. End of June I had 9k end of July I had $84. Took a breather and hit the books and since then I have not made less than 9% total on 1-3 day swing trades only per day. Slowly growing the bank and the mind again.

[@ibrahimaagne286]

ive got 1250 in td, currently studyin examples and indicadors with profitly and your tim vip

[@alabechane5721]

man you spitting facts thanks bro

[@TimothySykesTrader]

thanks!! 💯

[@issacvaughn3409]

I was terrified to even enter a trade a month ago. After I saw you, I am trading with a paper account. I have been up $135.00 and tried to sell it in pre-market hours, but didn't know i had to set it up GTC EXT. I lost $25 on that one, but only because I remembered your #1 rule and I probably would have lost more if I didn't remember. I learned a lot from that one trade and I am continuing building my knowledge account because I see I have to UNDERSTAND..... That just has to take time.

[@TimothySykesTrader]

As long as you learn from your mistakes!! 🙌

[@punac1]

Biggest lesson, daytrading is 90% psychology/e.q. and 10% knowledge

[@ibrahimaagne286]

dope

[@baldguyadventure]

Thanks Tim, I needed this exact video to keep from procrastinating while I saved up some money!

[@TimothySykesTrader]

Bald Guy Flies Planes keep up the good work!!

[@19chucksmith70]

Large acct but starting w 10k. Cut losses quickly!!! Greed is the enemy!! Gotta learn to take profits quickly also. Thank you!!

[@TimothySykesTrader]

you got that right!

[@johnsonjoseph4236]

That’s very important, Knowledge Account to be built is very important . I haven’t started any trade right now but I am catching up every pieces of information.

[@TimothySykesTrader]

Keep it up!!

[@saverigin3645]

July 7th I stumbled across one of your videos July 28th I delved completely into your education,,,,,, and my life was never the same the rest is history, SIR!!!!!

[@alfredoandrade7279]

I do not have a trading account at the moment. But I do have a knowledge account. I am starting the process. Thank you Tim Sykes.

[@swissalps5600]

You trade in Hotels. Can you make a video about security? How do you do that? Thanks for everything Tim!

[@garyhorn1325]

Risk management is number ONE!!!

[@testingpurpose2637]

Excellent video Tim!! Is there a demo version of Stocks2Trade??

[@DanielPickett]

Great tips! Patience is the key. I’m def going to get a mentor to speed up my learning curb. See you in the near future Tim!

[@ibrahimaagne286]

Dope! and dont forget to cut losses quick and drill pattern examples/ indicadors

[@hoomansepantamehr7966]

I haven’t seen ANY video of you that really teaches something useful, rather than advertising and selling your books!

[@jonathanhernandez338]

I am starting out with a $1,000 Account, not trading and focusing on my knowledge account! New to the challenge, overwhelmed is an understatement. Knowledge is power!

[@ewoksrcute]

I know nothing about trading....i dont even know how to start....what to do ? Whats your advice?

[@TimothySykesTrader]

hi Elizabeth! start here: bit.ly/2LZWMbW

[@dzam4562]

I started out by reading Stock Investment for dummies and reading a few Motley Fool pages. I just watched this and they say what you say, to learn and get started. I opened a E Trade account with $1000 and then added another $500. Its been a few months and Ive seen it go up and down. Now that I am here I feel the need to watch more of your vids. The lesson I learned, Don't worry about losing some to gain more.

[@jbrint85]

Started with $200 dollars and have double my account with the tip on SAVA. Thanks Tim

[@TimothySykesTrader]

Nicely done

[@ed5974]

This is the best adviced i ever get by anyone in stock market.. Thank you Tim.

[@raviolimeatsauce]

Had 5k, lost 2k in learning process. Just had 5days in the green!

[@ibrahimaagne286]

keep at it with cutting losses quick and always prepare with studying pattern examples/drill indicadors

[@stevensduarte8032]

Thank you for sharing your knowledge Tim! This is the 5th video i watched so far and i can definitely said i found my mentor. May God bless you! I started with $870 now at $488 but i have definitely learned a lot specially from the losses lol

[@TimothySykesTrader]

Good! Learn from your losses and cut them quickly

[@phillipdebord5282]

Kinda lost, I'm gonna sign up for the the silver account, then what next please?

[@TimothySykesTrader]

have you signed up for the millionaire challenge?

[@phillipdebord5282]

If that is my next step, then yes I will sign up for the millionaire challenge. There is so much to know and understand, I just want to be sure and take the proper steps in order to succeed.

[@phillipdebord5282]

@@TimothySykesTrader James Freed asked me if I had $1,500 ready to begin the program.I just want to make sure that this is your program that you have in place and I'm just not giving my money away to some stranger. I am ready with the $1,500 if this is your program...

[@VladPochernin]

started with 2077 in IBKR in Jan 2021. Month after &3800. IBKR won't let me trade OTCBB or Pink & PDT; As I understood I must wait 2 years to gain experience. HORRIBLE.

[@jankosandrevjr8193]

Hey Tim... how and where does one start an account.? TY... I just found you stuff on Dropping Bombs.

[@TimothySykesTrader]

don't trade before studying, read the tim.ly/jbook and tim.ly/30boot guide too!

[@willienevarez424]

Timothy I'm so hooked I want this where do I start ...I need direction to become one of your successor

[@apeguero84]

This is the only way out for me, I’m just starting, where do you think I should start my studies?

[@TimothySykesTrader]

study my http:tim.ly/30boot course

[@chaseramos4865]

I highly suggest trading OTCs (sub dollar) for all you beginners

[@trytrading4103]

You are soo inspirational. We gotta use our money to make money instead of working for money and being broke till we get paid again. Tradinfg is not lazy people who will not put in the work. Trading is for those who are hungry and want to change how they live and it takes time. People can not be scared of failure, they have to try. I have only $200 and made $30 just the other day. I plan on adding more $$$ to my trading account everytime i get paid and grow it. If we do not try, how ever are you going to know what is possible. The 9-5 sucks and thats my drive because i hate my job. Thanks tim

[@antonwilson5934]

Great way to look at losing, there is ONLY UPSIDE for you if you look at it that way. Awesome point TIm and the videos are always appreciated! Thank you big time man!!!!!

[@Breakingfree100]

Opening an account 10/1 with $2500. Up til this point I'm building my knowledge account every day!!! I definitely have a scared trader mindset. I agree that the money isn't the main thing while just getting started. I'm trusting the process !!!!!!!!!!!!!!!! Great video once again!! Thanks man

[@paigefrancis5169]

Is there a trading stimulator?

[@momonwallstreet]

$2000 in my account, 6 months into the Challenge. Focusing on studying (so much material available to me) and making some small trades to try out strategies (100 shares). Focusing on the process, the profits will take care of themselves, if I also stick to the #1 rule of cutting losses quickly.

[@edwardmendiola7985]

Love the video Tim I have $4000 saved up to trade but I'm scared to trade I want to learn before I dive in.

[@tylershimek6806]

Edward Mendiola KZbin has months of free info! Good luck on your journey! Ziptrader is great for beginner knowledge

[@yusmanyonos7193]

A very good advice Tim. Thanks

[@TimothySykesTrader]

Glad you liked it 👍

[@ludwigsplaylistmontesa4155]

How can I sign up to learn. The trade.

[@powder7755]

$0 with monetary account. Building knowledge account is more important.

[@TimothySykesTrader]

Joshua LIndsay LOVE IT!

[@powder7755]

Thanks Tim, I’m a big fan! I just signed up with silver to get started. Hope to join Millionaire Challenge soon. Thanks for being you.

[@jonasjablonowski51]

Knowledge will carry you further more than anything! Thanks Tim for helping me start my dream.

[@TimothySykesTrader]

Absolutely- knowledge is everything 👍

[@tradewolf6903]

Tim great content, you are absolutely right 100%. Can i ask you besides my initial starting investment of $2 - $3k what else would i need to pay for to become one of your students, per month i mean? STT = $150 per month , what else do you pay per month?

[@Sarah-wt2zk]

Question is , I want to sign up, but how much does your services cost??

[@rubencamino964]

Do we have to pay to get stocks to trade??? Or is it a free download platform????

[@TimothySykesTrader]

it's not free, but I'll get you the link to the 14 trial so you can try it first: bit.ly/2Y519wu

[@grahamnorth2478]

solid reminders here--I get ahead of myself sometimes... Year 3/4 seems to be the time I need to give the real money. Patience. 3500.... Back to the books...

[@SMWCEnjoirider]

Currently just under $1000, Ive got a plan in place so that i will have enough money to get started by the beginning of next year. Ive been growing my knowledge account for over a year now, so i definitely feel like im ready to start running this marathon. Good vid as always Tim!

[@Jeffc288]

Risk management and discipline is what retail traders lack

[@joselinvalores1577]

Started with $100. Realized that’s does nothing. So continued to add every week I have over $2k in there now but only trade a few hundred per trade. If a play is working I add into the trade.

[@PROLKR]

I started watching your stuff just last Sunday and I downloaded your book American hedge fund and trying to pick from everything your teaching want that knowledge account to be packed! I have a small about I don't even want to say but I need change and ready to put in the work! Supernova was great I keep watching it!

[@dablkshinobi_gaming]

I'm at $50 but I'm paper trading to build knowledge

[@ssy333kk5]

I found one stock it has a good news and has a morning spike. Should I wait for the pullback?

[@seekingtruth79]

I took a trading course, then started out with $2k and traded for a month. As I started getting $50, 100, $75, then $500 earnings each trade I then invested another $2k ontop of that and got up to $8k, doubling my money. I then lost $2k in 1 day, and another 2k after that..down to $4k last week..now back up to $5k. I decided to stop shooting for the larger earning % and decided to take $50 or so each time to get my nest egg back up. I'm learning a lot!!!

[@mrchris7593]

is it worth reading The intelligent investor?

[@boycejones3315]

So you can trade overnight? Every single night?

[@anthonyponi3953]

Well said knowledge is key 👍

[@TimothySykesTrader]

appreciate it!

[@directorclarkmonroe]

Where is the link?

[@TimothySykesTrader]

✅ Links I mention and recommend: Join Tim's Challenge here: bit.ly/2YOXdQI Subscribe to my FREE weekly stock watchlist here: timsykeswatchlist.com/ Read this article about Grittani on CNN: cnn.it/2MId50O Check out this exclusive offer for Stockstotrade: stockstotrade.com/14daytrial/ Get the Complete Penny Stock Course here: amzn.to/2EE4vMx

[@danielgebretnsae6499]

Any help on how to train or instole a paper training app or website.

[@virgiliodata7100]

which broker would you recommend with someone that only has 1k or less money for trading?

[@SaffronGold]

I’ve got a small account, what should I do? I started 3 years ago with $1000. Still have $150 left in it trying to save it. Haven’t blown it yet! Ha. I’ve been studying daily and hanging on this account to train with. I get a good run of wins then seem to hang on to a loser against my own conscious knowing I shouldn’t. I got back up before to $750 but then a loser hold. Been trading every week and still have $150 from my training account. I’m not upset but happy about still using initial investment used to test skills. In time I’ll do a larger account but need to get this to $1K first as a goal.

[@1edbronner]

Tim makes so much sense.

[@jackdotson6363]

76 dollars and moving... limit orders and stop loss orders... making and losing pennies! But got to start somewhere!

[@TimothySykesTrader]

definitely! 👍 Keep learning, always.

[@JaySmith-gb2zz]

Straight Facts‼️Knowledge is 🔑

[@TimothySykesTrader]

yes!!

[@andrewanderson7912]

I'm not worried about trading right now. Just learning and building up my capital to have a small account.

[@TimothySykesTrader]

Good, keep it up!

[@andrewanderson7912]

@@TimothySykesTrader - Thanks man. The Complete Penny Stock Course is gold. Still trying to have a firmer grasp of Support and Resistance...at least how to ID them. Will be getting PSS and STT in a few months.

[@walterharris6311]

Thank you Tim for this video

[@TimothySykesTrader]

you got it 👍

[@NovaGN]

Account size is very important not just for the obvious, but for your mental game. I traded with $100,000 with paper and got $1 million in a couple months. But when I went with a real account with $1000, I'm in the negative by 40%. Starting with a larger account allows you to not force plays because even a small win on a large account is feels like you accomplished something. A 10% win on a 5% risk for 100k is still $500. Do that on a $1000 account and its $5. Having a small account makes you feel like you need to force trades because it seems like anything a $100 feels like a failure. Not to mention, you're pretty much gated off from consistently doing day trades due to the PDT.

[@VanguardxGaming]

$500 account here 👋🏾

[@binaryoptionuniversity]

Bro thanks for this video!! ure freakin' awesome!!!

[@TimothySykesTrader]

glad you liked it! 💯

[@pn2365]

Hey Tim. I’m looking for an old video where you are going off about “you’re broke probably live in the basement etc” It was so motivational and it was the very rough/ ahole version. Not the nice version. It was awesome and I used to love to show people to motivate them and motivate myself. Could you tell me which one it is? If you know off the top of your head. I think you were possibly talking with Tim Bohen. Thanks!

[@clarinetrooks]

I have a $100 account right now, but i've been studying and paper trading since June to some success. One thing that i've learned are that i'm currently a better short seller than I am a long seller, but i'd like to improve my skills going long here in the near future though. I also have found that I have more confidence in trades that i've taken here recently because of videos like this and journaling my own trades to see where I make mistakes.

[@alanescobar8335]

sup tim im 20 and im trying to get started trading im only a week in into my journey and I totally felt when you said need a large knowledge account ive been going threw your videos and books and really trying to make this work for me and ive already signed up to you challenge can wait to see what else is in store for 2020 you know aside from covid-19 and murder hornets...

[@INNO222]

I remember back in the day Tim, you loved TD Ameritrade/TOS. What happened?

[@TimothySykesTrader]

they started sucking so I adapted...did you?

[@INNO222]

@@TimothySykesTrader I'm thinking about switching to E-Trade. But how is TOS sucking?

[@KingJo3012]

Is it possible to start a small account from outside the United States and a non-US Citizen. Specifically I am in the UAE right now. I want to start an account but I can't find a broker.

[@1edbronner]

I made $75 once using only $500 in a day but that gave me proof that you do not need a lot of money to start. Cut those loses. Tim you are my god

[@kairodilla9840]

just added $400 to my e*trade account. won’t start trading till i finish how to make millions dvd. have been taking small 100 share positions with a $1000 paper trading account on stt. made a $43 gain today. putting my paper trading account on the pdt rule. gonna read up on e*trade fees and add them in tomorrow!

[@541bigb1]

Tim does STT work on mobile devices or is it recommended to use laptop/desk top?

[@jonassilva376]

I plan on starting with only 2k because I need to make sure I keep emotion in check

[@Beerme-pl2ml]

Knowledge and monetary account?

[@jackson.denzler.]

Warmachine #891 yep

[@Infinitelightwizardry]

Thanks Tim, just got my copy of the penny trader book looking forward to reading it!

[@TimothySykesTrader]

Awesome!! 👍

[@shawnsstockstrategies7644]

Great video Tim

[@TimothySykesTrader]

😎🙌

[@garyphillips3595]

i have $1300 and more in my account i like have an example of trade on paper trading and enter and exit and just getting out trade when go bad, and a better practice of trading tim sir.

[@claytoneicher2123]

I have a small account for sure. Not as focused on the growth on that account as much as I am concerned about my knowledge and working on a paper account as well. I still work on the small account but I take the risk when I see a good opportunity versus my paper account I look for trades hours a day. Enjoy the videos 😁

[@jalacran7545]

Hi Tim, Been studying but not BALLS to the wall because I realized no $ no trading...but I opened a $100 bank account while growing my knowledge account since mid-Feb 2020...My plan for now in my mind is to papertrade with stt buying as many shares under .50 as I can with the right setup get in and out hopefully 30% profit if it's possible to find those stocks papertrading to see if that plan is even possible...what do you think? One day I hope you will be introducing me as one of your challenge students that started with a lousy hundred bucks & made it!!...I'm sticking with you Tim Sykes! John--

[@jhonatancespedes369]

Tim deseo el curso, pero garantías hay en tu seguimiento

[@chrisnorris173]

I've started an e trade account. I'm up to $600 transferring over a hundred each payday. Etrade has a criteria of $1000 so see real time stock market trades. Otherwise, there is a 15 minute market real time delay. Could potential lose out down the road. Anyway, that's my goal. But in the meantime, I'm watching videos, reading your book American hedge fund.

[@ed5974]

I always like your videos. It helps a lot.

[@TimothySykesTrader]

glad it helps 🙌🙌

[@roberttres]

I burned several accounts in years, now I have 13k of FF&F, but now I able to make from 3 to 30%, I won 3k in the 3 months, and in this month I learn to cut my losses at 2% without leave the opportunity of the trade, I learn so much from you, your videos and I hope soon I have the money to apply to your challenge. Regards from MX

[@franpetrillo6771]

Having a smaller acct. seems to be better when you are starting to learn to avoid losing a ton of your money. I think pple tend to make better decisions with a smaller account. Once those good habits are in place then it may be okay to move on to a larger acct for sizable gains. It’s all about how disciplined you are in the beginning.

[@phonicssoundsofalphabets9649]

Why on earth is this not taught to our children at school? not even the private schools teach this. We really appreciate your drive to educate.

[@TimothySykesTrader]

💯👍

[@olarius650]

with a $40k account, is it realistic to make $300-$400 per day?

[@geb2012]

I started with $350 down to $200. Studying more than trading but trying plays of $50 at a time. Need to cut losses faster and take profits when I have them. Must stick to my plan and stop holding & hoping.

[@TimothySykesTrader]

that's right- always cut losses quickly!

[@MelroyvandenBerg]

Why is your Telegram channel ?!?!