To celebrate my 35th birthday, enjoy 35-50% off HERE and HERE for just 4 more days! And grab this new StocksToTrade special too, you’re lucky we’ve been having the best few days of 2016 so I’ve been too busy to answer all the email questions regarding the sale! Continue reading →
UPDATE: Watch this video to see my only 2 brokers in 2016, E*Trade and Interactive Brokers, EVERY other broker has let me down for one reason or another, so these are the only 2 brokers I’m currently using now…PS I grew my E*trade account from $30k to nearly $200k in 2015, they’ve gotten a lot better over the years!
Previously I wrote this post explaining the best stock brokers I would allocate $ to beginning on February 1st, 2015. As I said I would start with a small account — just $100,000 aka less than 1% of my actual assets — and grow it just as I’ve always done in order to show you how to grow a small account.
I previously wrote this post “Why I Am Giving Away $2 Million” a few months ago, but now I’m upping the # to $2.2 million because I give up enriching my own life, I already have everything I ever wanted and more so I just don’t matter anymore.
Only now am I realizing it feels far better helping my trading challenge students learn about the stock market and become financially free/independent and doing cool stuff like this to help the less fortunate:
Stay tuned for the first 2 weeks of April, I have some VERY cool donations to announce…
I’ll be giving away my $100,000 Porsche to one lucky person on a TV show airing in just a few weeks (sorry, the latest I heard is it’ll air in June 2015 now, I don’t control the TV schedule) and if you’re interested, leave a comment on this blog post or on my Instagram account HERE anytime I post pictures of cars and if you want my Google Glasses, leave a comment and like this instagram picture below:
My ‘How To Make Millions’ DVD study guide, my most comprehensive study guide ever and REQUIRED watching before you start trading my strategy, turned out to be 35-hours long, not just the 20, 24 or 34 I originally planned/promised and has already raised over $400,000 for charity (see a 45-minute preview HERE) and has allowed me to do some very cool things with Make-A-Wish & the Boys & Girls Club:
A photo posted by Timothy Sykes (@timothysykes) on
…and I’m just getting warmed up with my charitable giving! I have some big plans in 2015 as I aim to giveaway the most $ of any trader on twitter, despite trading with just $100,000 in my account as I wrote about here vs. FAR too many wealthy traders who claim to make big $ but fail to show any or even most trades transparently and give far too little back to those less fortunate (i.e. they’re most likely full of BS)
Students like this who started with just $2,200 and have now turned that into $300,000 in just 3 years following my strategy and of course this great penny stock trader who began with just a few thousand dollars and is now up to $2.43 million go a long way to proving ANYONE can bank with my strategy — going long AND short — if you study your butt off and begin with just a few thousand dollars.
As to why I’m giving away my Porsche, Google Glasses and some other very cool luxury goods I’ll announce soon in this fashion — I’m ALWAYS on the lookout for dedicated trading challenge students and if you want something bad enough — like becoming my next millionaire students after millionaire #1 HERE and millionaire #2 (and 2 more millionaires who don’t want to be public about their gains) — then you had better be able to articulate it, so all of these giveaways are a test to see how dedicated you can be at achieving a specific goal.
The answer is because deep down, they don’t believe they can actually become knowledgeable enough to become a millionaire and that’s sad and pollutes all of their efforts to actually become one (not to mention wasting my time as their teacher).
I blame overly-cynical stock market veterans who warn against the possibility of getting rich in the stock market (because it didn’t happen to them that way even though it’s happened to me and my top students all within a few years without ANY of us being anywhere close to perfect) and more so the terrible financial media industry for making a mockery of what’s possible in the stock market i.e. following the picks of an ugly bald man on TV who has been proven to be right 35-40% of the time won’t make you rich anytime soon, hence why CNBC’s ratings are at all-time lows.
Now onto why you probably are reading this, below I’ve made an updated video of the brokers I’m using in 2015 along with the specific dollar amounts I’ve allocated to each based on their usefulness to me and, more importantly, specific instructions on my newest broker…this was my best broker list in 2014, don’t get married to brokers, they can always be replaced if they have issues and if better ones come along:
And you must have a margin account with your broker to be able to short sell, not a cash account…sorry IRAs, you guys can only go long, I don’t make the rules!
Beginning tomorrow (or more accurately Tuesday because I am horrible at math and actually withdrew too much from IB account so I have to wire some more $ back in…seriously), I will be trading with just a $100,000 account and my newsletter subscribers will receive realtime alerts, watchlists and commentary all designed to show you how I try to grow my account.
Shyguy:sold my last shares of $VUZI this AM in at 1.95 out at $6.20 Thanks Tim Smallcap Millionaire paid off $22,600 profit realized.
Long story short I’m excited to work even harder as your teacher/mentor in 2015, I want more millionaire trading challenge students yes, but even if you don’t make a million bucks and become knowledgeable and self-sufficient, I’m happy.
My critics like to point out that out of my thousands of students only, a few have become millionaires…I don’t mind highlighting this fact because:
a.) out of thousands of students less than 10% even bother to watch the daily video lessons or log in to see my chatroom commentary/watchlists…that means out of roughly 500 dedicated students, nearly 20% are making serious $ pretty consistently using my teachings, that’s WAYYYYYYYY above average or any other stats of any other newsletter/chatroom/guru, helped by the fact that most others refuse to be transparent since they know most of their students fail/blow up/don’t bank…because I made millions BEFORE I ever got started teaching and now have several proven students, I don’t run & hide from transparency, I embrace it!
d.) the cost of my educational materials is SO low, but please feel free to ignore me and my time-tested rules at your own risk…sadly many people choose this route and come back to me hat in hand after they’ve lost 50-75%, sometimes even all of their money like these guys, then they can’t trade anymore let alone learn and I hate that because I couldn’t reach them in time.
2015 will be like all other years, most traders will make all sorts of excuses not to be transparent, 90-95%+ of traders will lose, 70%+ of professional money managers will fail to beat the puny 5-10% gains (or hopefully 5-10% losses this year as we need a break!) in the overall market indices and a select few who have learned to capitalize on stock market inefficiencies like this will bank five, six and seven figures…which category will you fall under?
UPDATE: A new specialized broker for short selling for those who can afford their account minimum of $30,000 has emerged, please contact me HERE for a personal introduction, I don’t want word getting out about their superior service so I’m only going to introduce a few lucky people.
Because as my students know the stock market is a living breathing organism that’s constantly changing so in order to be successful, you can’t just memorize (although these 7 free lessons help tremendously)…you must understand how the market works, the motivation of all the players, the mistakes most people make, the odds and risk/reward of various opportunities, the ability to choose the best ones and then constantly adapt in the pursuit of success.
Then make a ton of $ so you can enjoy a crazy $235,000 car like I do:
This is how my students have now made over $5 million in trading profits, all detailed here, and over a dozen of my trading challenge students have made $100,000+ each in just a few short years since I began teaching.
So here’s a rundown on the best penny stock brokers for the start of 2013: Continue reading →
"I'm a 29 year old single mother of two. I do not have a regular 9 to 5. I am currently day trading as a living. Prior to discovering Timothy Sykes I played around with a couple other mentors and penny pick sites. Sadly not being taught the basic fundamentals I lost $5500-Terrible! I found Tim's website in May and now I'm up 50k learning from Tim Sykes. I am extremely grateful for Tim, he is the truth hands down!” - Asheya Burton
Learn How I Turned $12,415 into $4,520,000 Trading Stocks