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What I Say To People Asking Me To Borrow Money For Trading

Posted by Timothy Sykes on Sun 15th of Mar, 2009 10:00:55 AM
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I get stuff like this all the time:

Need to borrow 10K for a S&P mini futures trading account with Mirus Futures with a 60/40 commish split. Sighned with a contract by a jewish lawyer. Let me know….

My answer to all you degenerates is HELL NO! Especially to anyone who wants to trade in huuuuge markets where they are competing against the best and the brightest, especially remembering that 90% of traders lose!

I don’t recommend trading on borrowed money nor will I ever loan $ for trading. You guys shouldn’t want to be “trading for a living”, you should learn to simple profit from outstanding trade setups which occur every now and then.

Meaning I believe everyone should have a small brokerage account that stays fully liquid the vast majority of time jut waiting to strike at when opportunities present themselves.

OBviously, the vast majority of people will never do this because it goes against their greed-want-money-now-let’s-use-leverage-trader-beliefs and their long-term investing beliefs, but this strategy is what’s worked best for me so I won’t advocate anything else.

And to those of you asking for money, go mow some lawns, that’s good solid work, much better/more useful than trading.

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  • Ickabah
    People are crazy... Hey Tim can I borrow 10k to start an emu farm? :)
  • no, emus were so last year
  • godsproperty409
    Tim is right. Just having someone let me borrow money sucks, because i hate oweing people money. Imagine losing someones money that isnt yours. I use my hard earned money after all bills are paid to invest.Yes, its true it takes big money to make big money, and you think you came across a good deal on a stock that you need the money now.Thats why i make it a commitment to save like a mad man because a deal of a life time might come and ill be ready. Tim i respect you and your style of investing, but its not for me. I invest more like your friend phil. Everyone has there own style, system, and strategy.I think phil thinks like me. Seen all your livestock shows and i learned so much. Anyways i hope u continue to prosper in all u do Tim.
  • There would be too much pressure if you trade on borrowed money. What kind of performance would you have under constant pressure?
  • Moishe
    Hey, tim, we know, we should lend, not borrow!
  • newtraderphd
    Right after I told a friend how I made $5,400.00 this past week using ideas from Timothy Sykes, he was telling me how badly he urgently needed $5,000.00 for something he could have prepared for these past few years. So going forward, I'd better stop telling people how much I made from the Market! I don't want to loan money, I need to watch about my own family instead of others looking for a handout. Thanks Timothy for your candor in An American Hedge Fund and PennyStocking DVDs. - Don
  • Adolf Shicklegruber
    Cheap fuggin Ky$%
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Start Here

Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)