🔴 Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 The sad reality is that too many people underestimate what it takes to trade profitably. So today I'm gonna get into the importance of researching brokers — even free ones. Plus, we need to talk about how you can get into the right trading mindset… Share this video with a fellow Trader: https://youtu.be/OKp33YG5bF4 ✅ Links I mention and recommend: Join Tim's Challenge here: http://bit.ly/32nD5UP Subscribe to my FREE weekly stock watchlist here: http://bit.ly/2XHCMFB Try the Stockstotrade app with this special offer: https://stockstotrade.com/14daytrial/ ✅ Recommended video: https://youtu.be/HyX0D3waa-k ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R ✅ Follow Tim Sykes and his trading travels: Instagram: https://bit.ly/1Remh9f
Facebook: https://bit.ly/2ItKo3A
Twitter: https://bit.ly/2P46g8n FULL DESCRIPTION
The sad reality is that too many people underestimate the amount of work that it takes to trade profitably. You have to think about all aspects of your trades. Today I'm gonna talk about why it’s important to research brokers — even free ones. A lot of people have what I like to call ‘the coupon mindset.’ They try to invest the least amount of money and time possible into becoming successful. How little can they pay a broker? How can squeeze the most out of every profit? If you’re worried about spending a little more on brokerage commissions, you might be cheating yourself in the long run. There are a lot of upstart brokers that offer free stock trading. What you don't realize when you use these free stock trading apps and no-commission brokers is that you can lose in other ways. They might screw up your trade execution, your shares, or not allow you to short sell. And you might not be able to trade some of the best stocks because they aren't even available — all because you chose a broker for cheap or no commission fees. Here’s what I think: Invest more time and money into your education and get into the right mindset. With the brokers I use, I’m willing to pay $5 or $7 per trade. I know that I'm getting good execution. I’m not going to risk losing hundreds or thousands of dollars on bad executions or not be able to execute trades on certain stocks… You can sacrifice a lot in quality just by trying to save a few bucks. If you truly want to find success, you'll have to invest time and money. You need to establish the right mindset. There can be plenty of trading opportunities, but you need to be prepared and patient. Sometimes the best trade is no trade. What’s your experience with finding a broker? What are your best and worst broker moments? Leave a comment below and tell me what brokers you use. #TimothySykes #Pennystocks #Investing —————————————————————————————————————-
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* —————————————————————————————————————-* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/
More Why You Are Losing Money with Free Stock Trading? Videos