From $1,500 to $10+ Million: Growing a Small Account - Tim Grittani
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- เผยแพร่เมื่อ 26 มิ.ย. 2024
- Tim Grittani is the phenomenal trader who turned $1,500 into over $2.7 Million at the start of his trading career. He has now generated over $10 million in trading profits. Find out how he learned to trade, changes since his first interview in 2014, and more.
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👉 Video Contents:
0:00 Introduction
1:30 Getting started with stocks
3:55 Learning HOW to trade
9:30 Avoiding Pattern Day Trader (PDT) rule
12:25 Trading OTC Stocks
16:24 Scaling Up Trading Acccount
24:00 Updates on Tim's Trading
31:18 Algorithmic Trading
38:42 Retrospective on Tim's Trading Success
52:14 Lightning Round Questions
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Every new Trader looks up to Tim Grittani hes a legend
“The market will always find a way humble you.” Love that statement!
the opening bell sound at the beginnings of these podcasts triggers my market PTSD
Hahah 😂 omg same!!! Kinda like hearing a damn alarm clock sound on an iPhone lol
Lmboo
I've seen almost every interview/video with Tim existing online and his humbleness doesn't stop to amaze me every. single. time. He really is a legend of the game, thank you for another great interview!!
thank you!
Haven’t even finished the video and just wanna thank you for making Monday come that much quicker !
“You have to be burning with an idea, or a problem, or a wrong that you want to right. If you’re not passionate enough from the start, you’ll never stick it out.”
Steve Jobs
dude is legit. humble.
Wonderful interview😊 Thank you IU
tim thanks for everything i hope you nothing but the best.
Thanks for Tim doing this he has great mindset
hell yeah!! Whats up Grittani... one of my favorite trading mentors.. bro your DVDS are great and I have both..
Thank you for this.
I've made 400k in profits trading for 6 years. 70% of my profits came from Grittanis lessons.This man is the GOAT!!
U shorted OTC or NASDAQ pennies ?
Absolutely Loved it . I just can't believe how he is so genuine and personal with his knowledge and training skills!!! Thank you young man
Very good interview-I’m going to try to find his dvd’s or training videos. I appreciate it.
Pattern day trade rule only applies to margin accounts. If switch your account to cash you can make as many trades as you want provided you’re using your own settled funds.
That’s what I do. Just doesn’t work for people who want to YOLO their entire account on a single trade.
@@CScott-wh5yk same here, agreed
King Tim!
Great video thank you
Great interview . Tim Grittani is a great trader and a teacher. Watches both of his DVDs. I am a better trader because of him. Thank you man!
Jon are DVD delivered digitally ?
@@rgasta7765 yes
@@jong1796 ah, I ve always wondered why they call the DVD (??) When in reality are video files
Knowledge supports growth.
Hell yeah!
I love that thinkorswim bell 😭😭
I lost over $70K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $9k profits weekly. Thanks so much Isabel Rodriguez ❤
Thanks, Tim. I'm sitting here waiting for the markets to open tomorrow. It will mean the first trades I will be making after 16 consecutive yrs of staying away. Occupy Wall Street? yeah, but only after a long period of self-imposed abstinence. A lot has changed, but a great deal has not.
I harbored many questions because of my past experience and trading history. Most traders would not be asking these, but you managed to answer them all! Some required a bit of reading between the lines.
I hear you loud and clear on the algos. Setting up automated trading was the main question I had about its feasibility, which has been foremost in my mind. It made too much sense but still it made me uneasy. I understand your hesitancy, and possibly the roots behind it. I may be able to help. I'm guessing it's because we understand things no one talks about.
We both enjoy an innate ability to sense the outside forces that few appreciate are at play, like for instance the bodies politic, the politicians and the back door deals that influence the actions, intentions and agency of some of the participants behind the scenes who are key to unforeseen events, like the unions, the spontaneous protests and the strikes, but also the union leadership and their supposed ideals, who unbeknownst to the public often can run contrary to how their constituents think. They are neither always the same nor are the outcomes they secretly work for.
Right now my biggest problem is that my new account on IBKR is dead in the water because although I managed to dance through all the hoops, including getting funded, I just discovered I cannot trade tomorrow on the TWS platform because I'm running at home on a chromebook, lol. I gotta give Gates more of my money for a computer running a windows OS. Thanks so much for your generosity this evening in supplying this educational diversion, Tim.
23:11 43:11 53:50 56:11
a seasonality component to auto trading is essential, I think
He’s the reasonI got into trading and only buy a.m panics in otc.
Nice, For how long and hows it been?
@@FabioPintoTalks I’ve been trading about 4 years but not as much as I would like I’m pretty much even. But otc market can be really hard if you don’t know the inconsistencies I actually haven’t take a trade for about 8 months because I’ve been to busy to watch for my patterns
@@johndegregs1777 I found that setup to work very well in 2021 februar to about april. But very few OTCs have been active enough for this setup to work well in 2022. The active ones are usually sub 1 dollar which can make them very expensive to trade.
@@utica2burn definitely true I’ve been seeing big panics later in the day for some reason. Needs to be a lot of vol on a big gainer or multi day runner and not many of either lately
@@johndegregs1777
Makes sense. Thanks for sharing
Good to hear. Wish i woulda made 10x more so i could be chilln. lol. Still in the game and adapting ever so slowly. It's all about patience, perception and perspective for me in this market. Can't wait to prove a little more consistency with my improved 3P's. I've become less attached to the outcome and will be able to size up again much better.
Supply and demand is the best strategy to earn huge money from the Market
Focus on the behavior and not the money. Money is a result of behavior
Absolutely. Easier said than done (especially at the start), but pays off in the long run.
What about guidance? That will tell us if it will keep selling off or recover in the near future
The trading community is a tight one, people from Tim Sykes and Nathan side will always intersect. The younger trader "influencer" type however on tiktok or youtube clickbait yeah stay clear of those.
Tim is awesome, Tim if your reading this, I’m curious , have you ever done futures or options? Large caps like spy or Tesla ? Whats ur opinion on that kind of trading Vs what u trade
I have made maybe 3 options trades in my life, they might all have been losers haha. Never took the time to learn that space but maybe that's a good future project!
Sign me up for the trading like and algorithm camp 🙋♂️
great interview. Lets get Matt Diamond on next! who agrees?
I could not make out the name of the scanning tool he uses.. Did he say Zacks?
Its called "Scanz"
@@infinite540 thank You
Hey Tim, you are not active because you created other businesses or you just don't need to trade as much anymore? tnx
Don't need to trade as much, I haven't diversified much outside of trading yet but it's definitely a goal of mine to find a couple passive income streams
Strange story. One time he makes 1,5k to 10mln. Next time he comes out saying he makes a little and blow it all out nonstop.
It sucks trying to trade with kids around. I can't wait until they are gone.
without being able to circumvent the $25,000., is it not feasible to trade with, say, $1500. and catapult my account in a reasonable time frame, given all the other variables are tacked down for the most part ?
You can start trading with a few grand and do very well, it just takes time. Trading with a small account requires discipline and focus, it’s not the same as 25k risking 2% per trade. You have less wiggle room
You can open a cash account to avoid ptd
Long is safer but harder, short is riskier but easier.
I think they're both as hard as each other lol
1500 is not small. 10 is small.
Would $25,000 be a good start ?
To start trading? Yes, as long as it is money you are comfortable trading with.
oops whats the strategy here can someone help to write in few mins.
It looks like a small miss on revenue. It beated EPS guidance will decide
He's teaching & probably selling courses so he doesn't have to trade!!!
Womens quit you from trading 😂
$1,500 to $10m? Only Nancy Pelosi has that kind of skill.
what trading platform would you recommend ??