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Why I Trade With So Little Money (Like A Poor Person)

Posted by Timothy Sykes on Sat 9th of May, 2009 08:05:11 AM
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UPDATE: I now trade with 2 accounts, the $50k TIM trading account–which I’ve grown from $12.4k in 18 months–and a new longer term account which will be doing some interesting things with Covestor soon…funded that at $50k on May 1st, already up to to $51.5kish…sill trading poor, just not as poor anymore :)

I get this question a lot, since I’ve got 15x+ in liquid cash I could be trading with over my little $50k account…

Well, it’s the same reason why I stick with basic web-based ordering of online discount brokers Thinkorswim (my favorite) & Interactive Brokers (horrific platform/customer service, but they do have borrows on the stocks I like to short) instead of using their fancy charting/data platforms: I AM TRADING LIKE A POOR PERSON TO PROVE THAT ANYBODY CAN MAKE GREAT RETURNS/MILLIONS USING PENNYSTOCKING.

I did not check myself into a trading prison in November 2007…starting with $12k subjected me to the absurd Pattern Day Trading Rule for a grueling 9-month sentence…only to enjoy the perks that come with being rich.

Nope, while “real traders” poke fun at my “little gains”, their small brains don’t comprehend that my trading account is just a way for me to prove my strategy works and it helps me teach good vs. bad trading habits in real-time.

I don’t care to trade bigger $….for now…because the profits I make off DVD sales and blog income is plenty enough….for now….and it’s infinitely more fulfilling to help people with small accounts than anybody with large accounts who really don’t need to trade, they’re probly just bored/unsatisfied with their superficial lives.

PennyStocking works great for small accounts–up to $1 million or so—in this market at least–so my allegiance is to them, not to rich people or “real traders” (95% of them who are losers, financially and personally)…cutting through the BS, that’s my goal….rich people forget that $500 or $2,000 in trading profits is not only exciting for most people, it allows everyone to think differently about the world….and that’s my ultimate goal.

I am the philosopher trader king.

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  • Recently I had noticed these small trades on your end, thanks explaining why you're "staying small."
  • tino
    Great to see you made your revenge trade in BCRX and banked almost 2k on that one!
    Respect TIM!
  • TONY LEPATATA
    Tim - no offense really, but you are a total joke. A sham, a loser, a nobody. You trade with little money to "prove" that you anybody can make money with your unbelievable secrets??? How about because you're terrified of losing your money again and again, again exposing yourself as a total fraud. Audited results of cilantro fund?
  • Tony, no offense taken, do a little research before jumping to conclusions...tell me, how am i a fraud when i detail all my trades? how am i a fraud when i have dozens of happy testimonials--that are all real and posted on timalerts.com. stop wasting my time little child, and accept the inevitable..flash forward 3 years and you'll be one of my best customers, might as well just start now so i can help u profit sooner :)
  • Tim, I have been following your strategy for 2 years now and purchased my Pennystocking DVD package last year.
    I had a small account and decided to try the FOREX route, BIG mistake as I lost my ass and quit trading for about 6 months! Needless to say, I developed my own strategy within the past 4 months based on your principles which you detail in the Pennystocking DVD's. I am BACK! I profited $1036 this week and am a TRADER FOR LIFE!
    Keep up the great info TIM and thanks!
    Good luck to Tony Lepatata! Probably wears a bluetooth headset while eating dinner!
  • Blaze
    tim,

    I think that last line should read, I am the ultimate jewish marketing king.
  • Andrew
    tim,

    I have been trading with around 8k, but the problem is I cant get a margin account with only 8k. how did u get a margin account with 12k? Is it my broker or is it because I am a 19 year old with no credit score?
  • Tony Lepatata
    1) not everyone wins with your method. people trade using your strategies and low and behold they lose. so you just ignore "testimonials" of people that lose and glowingly report all the people who made a buck or two.

    you can't honestly expect anybody to believe that you "detail" ALL of your trades. when have you ever posted that you lost money on a trade...its just oh i made $700 here when i should have made $2000 etc. nothing you say can be taken seriously...i've met so many people just like you...relentless self promoting snake oil salesmen.

    in my opinion if you want me and others to take you seriously, make your marketing more realistic.

    2) how bout a long extensive blog post about your cilantro fund. how much did you start with? how much did you end with? detail your trades. come on timmy.

    3) just reading your saga with Trader Monthly is all the entertainment I need for a Saturday afternoon. the real guys in the business know that you arent a real trader at all, and I'm pretty sure you realize that too. people who trade for real dont sell their method for $30 bucks a pop or whatever you charge these days.

    4) do you really expect people to believe your reasons for why you trade with so little money like a poor person? if you do you must be seriously delusional.
  • tony, u incredible imbecile, i've already answered all your questions, u're just too dumb to know it, dont worry i'll have an entire blog post dedicated to u
  • Tony Lepatata
    no i dont think you have given your loyal subscribers a tell all tale of your entrance and exit to the hedge fund world.

    please enlighten us.

    oh and i'll take two bottles of the snake oil on the left.

    thanks.
  • Wally Patoniak
    > From: Randall Lane
    > Date: 2007/09/18 Tue PM 12:42:13 EDT
    > To: Tim Sykes
    > Subject: Re: Sykes 30 under 30 Party
    >
    > Tim,
    >
    > Acclaim comes with performance. While you've been busily self-promoting, your track record this past year for yourself and your investors has been pitiful. Laughably horrid. If you ever again become a real trader, rather than ignore the hard work required to instead play one on tv, you'll be welcome in our community. Until then, including today, we will have nothing to do with you, as we celebrate those who actually perform versus those who pretend to. > > RL
  • Big T
    Obviously, Tim, your haters do not follow your blog, which detail losses all the time. This past week contained one of those. Real traders DO sell their watchlists, to supplement income, etc. The fact that Sykes is self promotion top heavy is obvious, but that does not spell fraud. Actually, Tim has done a pretty good of exposing industry fraud, as Wall Street is rife with cheats and manipulators, not confined to penny stock pumpers, by the way. Altucher, I agree, is one of the few folks I have seen on CNBC I can watch for more than a few seconds and not get sick, even if he dresses a bit casually. Keep up the good work, Tim.
  • Wally/Tony same IP address dummy...my entire hedge fund is detailed in my book, can u guess the title?

    http://www.timothysykes.com/book

    as for performance, just go to covestor, i'm tops out of 25,000 traders while trading isnt even what i spend most of my time on..u unbelievable moron, thank u for some sat. night entertainment
  • maybe this hater is randall lane? he does seem to be on par intellgience-wise and besides fighting lawsuits good ole randy boy really has nothing to do these days
  • agingteen
    Tim, I really like this article! I think it's great what you are doing! I can't wait to accumulate a bit more savings and learn your lessons!
  • lol richard tim will get his crazy lawyer on yo' ass
  • Higgins
    Tim,
    If you were not trading like a "poor person" with a retail brokerage, what would you be using? I've seen "xtrader" and some other high end platforms but I cannot find any other platform that comes close to what Thinkorswim offers. What are some of the best?
  • Higgins, I don't know, never looked at high end stuff before
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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 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
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: $98,094 (681%)