IOE #19: Timothy Sykes - Day Trading Penny Stocks and Creating Millionaires

Tim Sykes is a self-made millionaire stock trader and teacher, famous for turning $12,000 of his Bar Mitzvah money into $4M through stock trading. Running the largest online trading academy for penny stocks, Tim has been featured on CNN, MarketWatch, The New York Times, and was named Trader Monthly’s “Top 30 under 30”.

Joshua and Tim being two high energy ambitious entrepreneurs from different industries, discuss their sometimes conflicting philosophies as they continuously raise the bar (and the volume)…

 SUMMARY OF TAKE AWAYS

-Tim’s background

-If everyone is running away from something, run towards it 

-Owning a Ferrari doesn’t hurt your Instagram analytics

-What penny stocks are, and how they work

-How to make money trading penny stocks

-Avoid boredom

-Strategies for attracting clients with social media 

-How to teach millionaire students 

-Dip trading explained

-There’s so much money in being an expert of any kind

-Creating impact while creating your own happiness

-Learn your ass of

-Give it away