Why You Are Losing Money with Free Stock Trading?

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  • Опубликовано: 14 окт 2024

Комментарии • 120

  • @TimothySykesTrader
    @TimothySykesTrader  5 лет назад +4

    What brokers are you using? Tell me why you like them!

    • @openwaysociety
      @openwaysociety 5 лет назад

      i dont know any broker

    • @openwaysociety
      @openwaysociety 5 лет назад +1

      i signed up for your challenge and i havent received any response

    • @violasimmons496
      @violasimmons496 5 лет назад +1

      I am not winning at all.i just got started

    • @jordanreed1325
      @jordanreed1325 5 лет назад +1

      I use Etrade , I’m long biased so they work really well for me, the executions are instant 99% of the time unless the stock moves to quickly. That’s why I like them!
      I’d like to use a broker that can hide my size in the future, but I don’t remember which ones can do that for me. I don’t really need that yet anyways but in the future! I know you talked about what broker it was with Mason, I gotta go back and watch that video.
      Thanks for the Video Tim!
      See you in 979ish more trades!
      -Jordan Reed

    • @TimothySykesTrader
      @TimothySykesTrader  5 лет назад

      do you like it?

  • @briannakisisa5636
    @briannakisisa5636 5 лет назад +4

    I believe its easy, simply because if you are ready, really ready in terms of studying , making sure that you have done everything necessary to trade, then its easy. Even when you lose, you will know why you lost so you learn, and move on. That's what I believe.

  • @omegagrayknight
    @omegagrayknight 4 года назад

    yes, if you follow the rules you set and start learning small and losing small until you start winning small and turning that into medium to large wins

  • @LizLele
    @LizLele 5 лет назад

    Exactly, you described how bad it can feel to lose when you don't have much. It's hard to keep with it. But I think i'm finally over that hump so I can see the light at the end of the tunnel and I feel more inspired. It didn't feel real before but after only losing $100 on my little 1k account (by cuttting losses quickly) after 24 trades, I feel good. Thanks Tim!

  • @Jeremy1998999
    @Jeremy1998999 5 лет назад +1

    I’m glad you focused on execution, because that’s the biggest problem I’ve had with Robinhood concerning spreads. ThinkorSwim doesn’t struggle with execution...BUT at TOS prices you will not survive with a small account. On my first $25k account I racked up $4k in commissions in the last 3 months of 2018. Moved my money to Robinhood and consider the move back daily.

  • @brandongaines213
    @brandongaines213 5 лет назад

    Success isn't owned, it's rented. And rent is due everyday.
    Just getting started on your videos. I'm a little over a week in with about 9hrs of videos a day. Determined to make a change by learning.

  • @Subeffulgent
    @Subeffulgent 5 лет назад +2

    Dude I totally needed to hear this today I almost switched back to my free trading account. I told myself I give it another month before I made that decision. And then out comes this video. God bless you and your family. I just hate losing is all it is. 😁

    • @TimothySykesTrader
      @TimothySykesTrader  5 лет назад +1

      take small positions and remember rule number one! keep up the good work!

  • @alimirza3442
    @alimirza3442 5 лет назад

    Get Tim what do you think about signing up to pump and dumps and buying low and selling high at the right price???
    Do you think this strategy works, have you tried it

  • @HWarkallmusic
    @HWarkallmusic 5 лет назад

    How many hours per day would you recommend I study to get on the good foot?

  • @soram9
    @soram9 5 лет назад

    Nice shirt! How are you affiliated with UMBC? I live just outside of Baltimore Maryland and immediately recognized that shirt.

  • @tuly6765
    @tuly6765 5 лет назад

    Not so much about commission I want to short stocks < $1 and which brokers have them?! E*trade doesn’t allow shorts < $1. By the way why is $24 free trial with stocktotrade doesn’t allow full level 2 dude or lacking other features? What’s the point dude?

  • @tunyamartin2291
    @tunyamartin2291 5 лет назад

    I'm looking for an International broker as I am new to trading from Australia which would you recommend I would like Interactive brokers but don't have the 10k to open one. Currently using STT..

  • @SideGigUni
    @SideGigUni 5 лет назад

    I racked yup 12k in trade commissions over 2 years... use the free to trade brokers if you are a beginner... it adds up

  • @alfredoandrade7279
    @alfredoandrade7279 3 года назад +1

    I am studying up and thank you for your education.

  • @iraanaheim3115
    @iraanaheim3115 5 лет назад

    Yes it is, with the internet there are so many internet millionaires. Whether do they make it depends if they are resourceful enough

  • @Daamthejokes.
    @Daamthejokes. 5 лет назад

    Is trading in olymp trade safe and legal

  • @dangelogarcia2732
    @dangelogarcia2732 5 лет назад

    Tim how do you feel about TD Ameritrade?

  • @matthewhuyser9111
    @matthewhuyser9111 4 года назад

    No, this will be a grind. I’m ready. Work now for a few years so I can be successful in 5,10,15,20 years from now. I know it will be worth it.

  • @Breakingfree100
    @Breakingfree100 3 года назад

    NOT A CHANCE!!!!!! I came into this prepared to work my ass off!!!! I'm keeping this promise to myself to be fully committed!!!!! Thanks man

  • @michaelh5387
    @michaelh5387 5 лет назад +1

    Hey dude I just saw you on Wall Street Warriors. I’m hooked on the show! You and your friends are hilarious. How about the blonde investor you met?! Great show. Shows how far you’ve come.

    • @jonathonkamph3003
      @jonathonkamph3003 5 лет назад

      She was gorgeous. Very smart as well. Her name is Sandra Navidi.

  • @jershaw
    @jershaw 5 лет назад

    Nothing comes easy. You have to put in the work and grind it out every day.

  • @adamd.philips7657
    @adamd.philips7657 3 года назад

    I don't want it to be easy, I think you can get something more valuable than money because it is hard.

  • @MagdielMatias
    @MagdielMatias 5 лет назад

    Thanks for that cause I’ve def been trying to save every penny I can. I needed to hear that! 🙏

  • @cheeranjiv_108
    @cheeranjiv_108 5 лет назад

    It is easy if you have good education before starting and its really hard without planning

  • @A_Stoic_Trader
    @A_Stoic_Trader 3 года назад

    If you have a plan it may be simple but that does not equate to easy..

  • @nickkandelya828
    @nickkandelya828 5 лет назад

    Nothing is easy in life its all about working on yourself every day and go for your goals.

  • @mickeydi
    @mickeydi 5 лет назад

    Hi Tim how is your back doing? Hope you get well soon🙏

  • @KJ-xc7tj
    @KJ-xc7tj 5 лет назад

    Thank you for this video Tim! I'm still paper trading but have struggled with the idea of high commissions when I go live and trying to decide on the right broker. Well this video has taken all that "sorta" stress away and now know it's just something you need to work into your strategy. Thank you.
    I live in Canada, using TD Direct Investing.

  • @colinmaharaj
    @colinmaharaj 5 лет назад

    Easy?, not really, but if you consistently follow the rule of being careful with your losses, and make that rule easy, then maybe.

  • @El_Gavillain
    @El_Gavillain 5 лет назад

    It's easy with the right training and guidance

  • @Quickprotrading
    @Quickprotrading 5 лет назад

    Today I lost money on the stock market '$ 1350 because when the stock spiking suddenly it paused trading due to volatility. Then news came like it was because of circuit breaking and it halted the stock movement. Then fucking thing happened. When it resume trading again price fucking dropped 37 cent and so on. I am fucking frustrated and angry. Why do they pause trading And drop the value 40 cent by pausing which I have no control over exiting. Its like forceful robbery on the stock market. I am so angry and frustrated man. The stock name is sgbx which robbed me by pausing.

  • @wiscbadger968
    @wiscbadger968 5 лет назад

    Just started watching your videos on RUclips and now reading your book THE COMPLETE PENNY STOCK COURSE... Love the book great wealth of knowledge... Like you said nothing comes easy and nobody is going to give you anything... Work hard and study harder... You da man Tim F%$# da haters...

  • @maxjohnson1950
    @maxjohnson1950 5 лет назад +1

    If anyone wants any of Tim’s programs let me know.

    • @maxjohnson1950
      @maxjohnson1950 5 лет назад

      TheGamer 2.0 I’ll sell it you for $20 a pop. Which programs do you want?

  • @JohnSmith-om9rd
    @JohnSmith-om9rd 5 лет назад

    No it will not be easy. But it can be done by anyone willing to learn

  • @WingedSentry
    @WingedSentry 5 лет назад +1

    Becoming a millionaire not easy, to be in that group, one needs to put in as much work and commitment as they did, no short cuts

  • @SurfingWithNoz
    @SurfingWithNoz 5 лет назад

    no

  • @jhonnyarvilla4687
    @jhonnyarvilla4687 5 лет назад

    Nope it won’t be easy I already got a whole year of reading and watching video and I recently just started paper training for a fact this business is not a walk in the park but it is achievable like you said TIM

  • @russl8334
    @russl8334 2 года назад

    STT recommended Tradier so I signed up with them

  • @BeckaLJonesAuthor
    @BeckaLJonesAuthor 5 лет назад

    I am all in... Waiting on an email from you and im ready to go! I am a hard worker and will be a great student of yours! I want to take care of my hubby, our parents, kids and grandkids!! + ministry and change lives! I am motivated and would love this challenge.

  • @terrellwiley9732
    @terrellwiley9732 5 лет назад +1

    No, but I’m determined.

  • @irislali169
    @irislali169 5 лет назад

    Thanks Tim

  • @maxjohnson1950
    @maxjohnson1950 5 лет назад

    You can ask your Brokerage to lower your fees.

  • @fetty_gwaah
    @fetty_gwaah 4 года назад

    I do not think it will be easy to become a millionaire, but I’m willing to put in the work!!

  • @starwarsjunkie7776
    @starwarsjunkie7776 5 лет назад

    How do you lose money when CEI was in play today for another short attack?! Then again, easy for me to say, I’m playing it out of revenge for losing $200 in December for their last R/S, lol. =]

  • @anitacherney5826
    @anitacherney5826 2 года назад +1

    Yes

  • @Jencredible731
    @Jencredible731 5 лет назад

    No, but is possible

  • @BenTr12
    @BenTr12 5 лет назад

    Yeah BUTT is that not only if you trade big sizeshares with like 6000 SHARES. If you can trade with that size you probably have money enough to get a desecend broker. If you only trade with 300 shares for beginners,you will get filled very easily even on ROBINHOOD. :p :)

  • @nastaranmoghadam8991
    @nastaranmoghadam8991 4 года назад +1

    it will be complicated

  • @gkrglr4142
    @gkrglr4142 3 года назад

    I don't think it is going to be easy to be a millionaire. It is not a SPRINT, it is a MARATHON!!! :)

  • @orlandodennis5801
    @orlandodennis5801 3 года назад +1

    Yes and no

  • @MBeeezzy
    @MBeeezzy 5 лет назад

    No. A lot of hard work.

  • @nicmarissarivera2329
    @nicmarissarivera2329 5 лет назад

    No it will not be easy. If it was easy, everyone would do it. Put in the time, most do not want to do that.

  • @fabitrades
    @fabitrades 5 лет назад

    Hell no, won’t be easy at all!! Hard work and discipline!

  • @alisonie7583
    @alisonie7583 4 года назад

    Being a millionaire, I think is joining the 2%. It's definitely not an easy task...

  • @fabianmorajr3087
    @fabianmorajr3087 3 года назад

    HELL NO!!! I've been at this for a while so I know that any process requires HARD WORK & SMART WORK, not just one or the other, to become a millionaire no matter the hustle. If it were easy, I'd be rich already.

  • @constancio99
    @constancio99 5 лет назад

    no... hard work

  • @ln3962
    @ln3962 5 лет назад

    i use charlie. old charlie. Charles Schwab. why? the day i worked, i wanted to save. i went there and put money in. i bought 1 appl share. it never ever moved. i sold. many years later i rebought it this time they give divideden. yep 1 share... i could retire on it... i own also msft. and other. one day, don't know how options came to my email...
    i applied. but i couldn't be approved. wit old charlie. so... i opened fidelty... no approval, etrade, approved! 2nd level and td approved simple call.
    fidelty, okay, just bad luck with let f. etrade. great, just don't have office where i live, so to put in money i pay 25bucks to wire. td, had them once, lost all my money,
    rehave em for approval. okay, but numbers are just clogged up. i like paying, why ain't nothing free in the world today, and if it is they use u, so you got to pay to live

  • @fn-maniac
    @fn-maniac 5 лет назад +1

    No. Nothing worth doing is easy.

  • @alacionono
    @alacionono 5 лет назад

    No!

  • @NCYSTORE
    @NCYSTORE 5 лет назад

    Nope not easy , but harder to stay broke.

  • @AslanAtreyu
    @AslanAtreyu 5 лет назад

    You get what you pay for!! 🤷‍♂️

  • @vegapunk-369
    @vegapunk-369 4 года назад

    50 years later.. " I saved a million dollars!" ..Fantastic. you lived a shitty life. 😂😂😂 You are absolutely right though. You will never get rich by saving. Never.

  • @ln3962
    @ln3962 5 лет назад

    Charles Schwab. bought my first share 1 share of appl. sold it. rebought it 1 share again but with dividend many yrs later. i also own msft love them bothlike them? yeah, they leave you alone, free drinks, non alcholic and the price in trades are good. been nice to me. i now doing options schwab didn't approve me to level 2, so i opened several other accounts. Etrade. They accepted me, for level 2. they are good. TDameritrade, i don't like them that much, because pricing is very clooged up, when i trade. but they are nice. fidelty, only reason i don't like them i have bad luck in the letter f, though my stocks go up. I like paying fees, why, in life a person needs to pay, if not that person gets taken advantage of. JPm have this free trade, like them not really, still work to be done there, for the trades i pay a cent or more.

  • @wiscbadger968
    @wiscbadger968 5 лет назад

    No...

  • @Pataryee
    @Pataryee 5 лет назад

    Not easy

  • @russl8334
    @russl8334 2 года назад

    Absolutely Not!

  • @MrMatipid
    @MrMatipid 5 лет назад

    No. It is hard to be a millionaire. Yes, 90% of traders lose. Everyone wants something for nothing!

  • @grahamnorth2478
    @grahamnorth2478 3 года назад

    if it were easy everyone would be a millionaire... What ever it takes at this point... back to the books...

  • @alfa0596
    @alfa0596 5 лет назад

    If becoming a millionaire would be easy, I would have become a millionaire long time ago

    • @TimothySykesTrader
      @TimothySykesTrader  5 лет назад

      it's definitely not easy! how badly do you want it?

    • @alfa0596
      @alfa0596 5 лет назад

      @@TimothySykesTrader I did not think about how badly I want to become a millionaire. For now my gool has financial freedom. I know that I have to work hard and learn harder to achieve it, but step by step and I will succeed

  • @meekrodriguez6438
    @meekrodriguez6438 5 лет назад

    Hey

  • @myagentdeontia
    @myagentdeontia 5 лет назад

    hell no

  • @barbaraphillips6534
    @barbaraphillips6534 5 лет назад

    Heck No !!!!!!

  • @clintblack7566
    @clintblack7566 4 года назад

    Hell No! If it was easy everybody would be a millionaire!

  • @cromagman322
    @cromagman322 5 лет назад

    Simple yes sure just study Easy? Fuck no

  • @SuckOnStupid
    @SuckOnStupid 5 лет назад

    Buy gold, Tim!!! Hahahahaaa!!!! :)

  • @reviewramble
    @reviewramble 5 лет назад

    Yes

  • @TheTruckingTraderFX
    @TheTruckingTraderFX 5 лет назад

    No

  • @Itsme1w3
    @Itsme1w3 5 лет назад

    no

  • @newenglandclamchowder3082
    @newenglandclamchowder3082 3 года назад

    No

  • @romantrades2100
    @romantrades2100 5 лет назад

    No