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
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- 02:12 – Most people in a company fail
- 02:53 – Tim was 17 when he got into business
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- 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
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- 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
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- 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
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- 09:40 – “If there’s a scam, everybody wants to short it”
- 09:45 - Tim’s strategy is ideal for people with small accounts
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- 10:05 – Stock of sponge company
- 10:40 - HUSP
- 11:07 – Research that Tim is doing to find out things about the scams
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- 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
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- 14:01 – Tim attacks companies and scam
- 14:48 – Tim’s blog
- 15:50 – Tim’s list size
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- 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