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Some Minimums Of Which You Should Be Aware

Posted by Timothy Sykes on Wed 15th of Jul, 2009 08:15:28 AM
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I get these simple questions so often, I had to do a post…make sure you understand the various minimums listed below:

1. $2,000 required to use margin and be able to short sell…don’t know what Short Selling is, learn HERE

2. $3,500 to open an account with Thinkorswim, my recommended and preferred broker

3. $10,000 to open an account with Interactive Brokers with whom I also have an account, although I don’t love them as much as Thinkorswim

4. $25,000 required to be considered a day trader to get 4-1 buying power and not be restricted by the absurd pattern day trader rule (remember just over a year ago, my now $65,000-ish TIM trading account was still under $25,000, see what it was like HERE)

5. $250,000 is around what kind of account you need to be able to pull in six-figures per year without using leverage or taking on much risk, don’t believe anyone who says they can teach you to turn a few thousand into millions very quickly…yeah, I’m talking you to YOU LYING SACK OF SCUMBAGS IN THE TRADING COACH INDUSTRY

6. A few million is required to even get meetings for any institutional investors if you ever want to have a startup hedge fund, see my experiences HERE

7. $10 million is the approximate maximum my PennyStocking strategy can handle on a short-term trading basis…anything greater endangers the strategy’s absurd % returns..unless it’s changed to a longer term time horizon…stay tunedddddd

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  • tmcnasty
    Re: #2: For the record I transferred to TOS from Scottrade w/ about $2,500 in my account. Just so everyone knows.
  • I started my TOS account with $1500 and never had a problem shorting a stock. Although I do not know if I shorted before I got over 2k since it happened petty quickly.
  • Gary
    Working hard on point 4.
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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%)