Download this short PDF about 2 best penny stock brokers for I had some good trades. I had some bad trades, but the key was having shares to short, and that is why I have several brokers. So if you can afford to have all of these brokers, I would have an account with all of these brokers.
I can just show you my own thoughts, my own brokers. Everyone has different strengths and weakness and you have to look at those. They have the best borrows, the best customer service, the best executions. That is a strict minimum. I have begged to them. I have gotten down on my hands and knees.
So email admin timothysykes. You need to fill out that form. Interactive Brokers, I have an account there. I have very specific dollar amounts for specific reasons. But that allows me to trade more than three times per five rolling day period. I use their Web trader platform. This is also one of the benefits of having multiple brokers. Because the pattern day trader rule only limits you per account, not for you as a person. Again, let me just repeat. I know this is confusing.
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Set up a margin account. I have a margin account with all of these. You need a margin account to short sell. I do short sell every now and then. Was that the ticker?
I shorted this one, unsuccessfully as it turned out. I made like three cents a share. I was going for a big panic trying to short this. Interactive Brokers had shares to short.
Let me write this down. My high net worth broker is all-encompassing. So these are my penny stock brokers. This is how I allocate. You have to choose. Sometimes these stocks just keep going up. Interactive Brokers, I think their customer service is terrible. This is my new broker. I did not have an account open there yet. Now I have an account there.
If you only want to focus on buying, then use whatever broker you want. The broker field is not a perfect world. I have consulted my own financial advisers, my own accountants.
All of these brokers are right for me. That does not necessarily mean they are right for you. I can only lay out what I use and how I use them. So these are my brokers for Fantastic week as it turned out. I started off slow. I almost had a big mistake, taking too big of a position. But I closed the week strong and I followed the rules in my DVDs. You had such a strong week. Mimescreed was long at and out at in a day. When you make a mistake, you admit it. I also want to thank you.
Since I found you, I have made by far the greatest and fastest gains of my trading career. Let me just make this big, right here. This is what I live for. But I like teaching, so I trade with the smaller account because I want more of this.
This is what really gets me, whether I make… Last year, I still had a record year at trading. I made nearly a million dollars in , which was fantastic. But all of this, I want you guys to get pumped! And I want you guys to get motivated! And I want to try and help you! And be the mentor to you that I never had. Best Penny Stock Brokers. As many of you already know I grew up in a middle class family and didn't have many luxuries.
But through trading I was able to change my circumstances --not just for me -- but for my parents as well.
I now want to help you and thousands of other people from all around the world achieve similar results! Which is why I've launched my millionaire challenge. So when you get a chance make sure you check it out. Don't forget to check out my free Penny Stock Guide , it will teach you everything you need to know about trading. Interactive brokers — I have my account with them.
Suretrader — I used to have an account with them before interactive brokers got rid of the PDT rule. I see no point in using them over interactive brokers at this point.
They will NOT back-up their failed executions. THEY screw up and YOU pay!! It never effected me like I thought it would. You STILL get 3 round-trips in 5 days. More than enough to get you out of a same-day jamb! Hi Tomg, I am also from Canada. May I know which Canadian discount brokerage has US penny shares to short. My email is jayjaydagumboy yahoo. I can offer a little advice. Aussie brokers are expensive. IG is the biggest broker but the platform is crap.
That have very expensive commissions. Options Express is a good choice. Their commissions are really cheap by comparison to Aussie brokers. Interactive Brokers is the cheapest and has the best platform.
But they refuse to offer margin accounts to Aussie customers so there is no shorting available. I use them for my directional options trades.
I also use eSignal for my charting. That said the eS data feeds are more expensive than IB feeds.
So you have to weigh up everything yourself. Interactive brokers got rid of PDT? I just checked their web-site and from what I am seeing they still have the PDT.
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IB used to offer margin to Australians. They pulled margin accounts late and as far as I am aware they are still working towards getting it sorted out so they can offer it again. Why the change suddenly? You actually can but is a waste of time as you will have no charts, no news, no company info and so on….
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Here in Perth the US market starts at With IB you will have many restrictions as you are in Australia. I emailed them a week ago, they have offices in Singapore and Hong Kong. I choose Suretrader because was the only option to trade most of the US stocks, but is surely not the best broker.
You can open an account with USD though. So is not that bad: All my UK and European fam……. Basically we are screwed unless you can afford a high net worth broker. Suretrader seems the only option for us bottom feeders! They also make their bucks on ripping you on the spread.
And rip you hard they surely do. Sucks but either move to the US or save enough to go with a more flexible, high net worth broker. What kind of high net broker have you got in mind? Has anyone found better brokers for UK residents yet? From studying your trading techniques, it has helped me double my 2K account to just over 4K in 3 days.
If anyone can has finally found a better broker could they please inform me ASAP. Unless you have MEGA-money, do NOT worry about shorting stocks. Avoid scammers SureTrader at ALL costs! When you have built up your account, THEN go with a short-trade broker. Im in the process of opening an account. Sounds like a great idea. Was thinking of opening a Suretrader account however I cannot find much information online regarding is usage in australia. Have you have any issues thus far? Is it easy to transfer funds to and fro?
Its been a few month now since you posted this. Tomo, what have you been using in the last year? Did you ever find anything better than Suretrader? This sucks for European subscribers…fees are mental! Especially with a small account to start with. These are my brokers http: Is anyone trading pennny shares in the UK and found the best way to do this. Can anyone please help. Looking into brokers now UK. Tim, I think people are trying to communicate a real barrier to informed trading using your resources.
In Europe it is very difficult to find economical brokers that trade across the ocean. Maybe you could do some research and provide suggestions as this will only increase your clientele. I know I commented on another video recently.
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I am curious about one thing. They seem like a better way to bet against a falling stock than shorting. I became self-made millionaire by the age of 21, trading thousands of Penny Stocks - yep you read that right. You may have heard the story: I was featured on a popular reality TV show called Wall Street Warriors. I was featured in Trader Click here if you want to become a millionaire!
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