We’re Talking Penny Stocks w/ Timothy Sykes and Jordan Belfort #158
The Wolf's Den
Jordan Belfort
4.7 • 1.2K Ratings
🗓️ 16 September 2022
⏱️ 64 minutes
🧾️ Download transcript
Summary
In this episode of The Wolf’s Den, we have Timothy Sykes on. Tim started off with a whopping $12k and turned it into $1.6 Million while trading in College. Penny stocks being the name of the game, Jordan and Tim break down what it takes to make money in the stock market today. This podcast is full of wisdom and excitement as we the viewer step into the minds of these two trading experts.
Transcript
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| 0:30.0 | businesses increased their visibility and control after upgrading to NetSuite. |
| 0:36.0 | Over 28,000 businesses already used NetSuite. |
| 0:40.6 | Head to NetSuite.com slash wolf for a special one-of-a-kind financing offer. |
| 0:46.7 | That's NetSuite.com slash wolf, NetSuite.com slash wolf. |
| 0:54.0 | Hey Jordan, go put here on the Wolf of Wall Street and the Wolf's Den got a very |
| 0:59.6 | interesting guest today. |
| 1:01.3 | Someone that's in my former industry has a very interesting take on how to teach people |
| 1:08.4 | to effectively trade on wall things, penny stocks, right? |
| 1:13.3 | So I, at first, said while I'm in a fight, and I'm ripping this guy an asshole, a new |
| 1:17.8 | one at least, right? |
| 1:19.5 | Because there's so much bullshit, if you were pumping up penny stocks, and it's very |
| 1:23.6 | hard to make money, if you're buying penny stocks for the long term and holding them |
| 1:28.1 | and hoping they could become the next big thing, right? |
| 1:30.1 | Turns out he wasn't doing that. |
| 1:31.6 | So it was far more interesting, and there's a lot of stuff that I did agree with, some |
| 1:35.3 | stuff I didn't agree with, and there's a lot of issues about the emotional side of |
| 1:39.6 | trading. |
| 1:40.6 | What really makes someone a great trader, and also what are the things that tend to trip |
| 1:45.1 | people up again and again and again and again, we get into that as well, and is there |
| 1:51.1 | a way to teach people to not make those mistakes so they're doing great and then they're |
| 1:57.1 | doing great and suddenly, they just don't know, they blow an emotional gasket, and next |
| 2:02.3 | thing you know, they're trading in a way that is going to definitely at some point in |
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