Timothy Sykes – the Penny Stocks Guru.

Famous Five:

• Favorite Book? – Losing My Virginity
• What CEO do you follow? – N/A
• Favorite online tool? — Business Insider

• Do you get 8 hours of sleep?—“I wish. I really wish”
• If you could let your 20 year old self know one thing, what would it be? – “Don’t be so cocky”

 

Time Stamped Show Notes:

• 01:42 – Nathan introduces Timothy to the show
• 02:05 – Tim trades penny stocks and people attack him for doing it
• • 02:12 – Most people in a company fail
• 02:53 – Tim was 17 when he got into business
• • 03:00 – Turned $12,000 into nearly $2 million
  • 03:30 – He’s getting more conservative now
• 03:58 – First splurge
• 05:00 – The price was $ 17,000 per share
• • 05:20 – Crazy volatility
• 05:40 – ISCO stock price now
• 05:50 – Causes of stocks going down
• 06:03 – Tim is a short-seller
• 06:25 – Tim defines short squeeze
• • 07:00 – “In order to cover your short, you have to buy it back”
  • 07:10 – Shorts are getting squeezed when the stock goes up too quickly
• 07:25 – The stock market is not always logical
• 08:25 – Penny stocks
• 09:10 – Stocks are not scalable
• 09:25 – Shorting requires a loan from a broker
• • 09:40 – “If there’s a scam, everybody wants to short it”
• 09:45 - Tim’s strategy is ideal for people with small accounts
• • 10:05 – Stock of sponge company
  • 10:40 - HUSP
• 11:07 – Research that Tim is doing to find out things about the scams
• • 11:17 – Created a tool StocksToTrade.com
• 11:35 – Playing the volatility
• 11:57 – Tim was on a TV Show that led him to start teaching stocks
• 12:41 – First year revenue
• 13:10 – Total revenue is 2015
• 13:40 – How Tim uses the people who attack him to his benefits
• • 14:01 – Tim attacks companies and scam
• 14:48 – Tim’s blog
• 15:50 – Tim’s list size
• • 16:00 – People have to learn how to read the materials
• 16:30 – Total number of unique customers since 2007
• 16:41 – Selling DVDs and streaming DVDs
• 17:31 – Tim made an apology posts
• 18:05 – Tim’s parents work with him
• 18:30 – Tim is giving to charities and foundations
• 19:15 – Tim made $27M in 2016
• 20:16 – Connect with Tim through his Twitter and Instagram
• 21:50 – The Famous Five

 

3 Key Points:

• It’s not always about the money – sometimes, imparting your knowledge is more important.
• Don’t let people bring you down.
• Try to find the good in the all the negativities. Make impossible, possible.

 

Resources Mentioned:

• Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
• Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
• Freshbooks – The site Nathan uses to manage his invoices and accounts.
• Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
• Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
• @Timothysykes – Timothy’s Twitter handle
• @Timothysykes – Timothy’s Instagram account
• Show Notes provided by Mallard Creatives