Timothy Sykes – How To Make Millions Trading Penny Stocks
01:35 Brian’s thoughts on the episode.
03:09 Brian’s introduction.
03:37 Appreciating a warm welcome in London.
04:01 $2000 a day keeps the real job away. How Tim trades low price stocks.
08:17 The bloody reality of trading on an emotionless battlefield.
16:38 Trading requires mental discipline. The solo shot rather than the home run.
19:40 Cutting losses, trading is counter intuitive. His peer group is keeping hm accountable.
22:22 The concept of liquidity is exactly opposite to Tim trading in volatility of penny stocks.
25:51 Tim admits to being an inveterate gambler, but has rules in place to keep him in his box.
30:32 Tim used the $12,000 from his Bar Mitzvah to start investing and trading.
34:58 What a penny stock is and what shorting the stock means.
38:08 The type of companies Tim invests in.
39:44 What can be learned from watching the Wolf of Wall Street.
42:49 The risks in short selling.
44:31 The role of the Securities and Futures Commission.
45:42 The scam depicted in the Wolf of Wall Street film.
48:36 The effect on Tim of a big loss and what he did afterwards.
51:37 Transparency on the internet of his every trade.
54:40 Why Tim took the surprising and somewhat altruistic decision to teach his method.
58:58 Teaching inveterate gamblers rules to be disciplined, is tough, but he knows how to gain attention.
1:02:31 A fascination for the potential of social media and technology to educate and for charity.
1:03:41 Why he isn’t focusing on becoming a billionaire.
1:11:01 Concern for the misinformation about the natural world.
1:18:14 Tim’s advice to those of the general public who would like to start trading.
1:25:25 Learning to trade, benefits you in other areas of life.
1:29:16 Success secrets.
1:29:53 Could Tim cope with spending a month in isolation without internet connection?
1:37:09 What is Tim’s super-power?
1:39:34 What scares Tim.
1:43:49 What we would be surprised to learn about Tim.
1:44:42 What keeps him awake at night.
1:44:51 Would Tim like to have a family in the future?
1:46:31 Phone call to the 20 years old Timothy Sykes.
1:49:50 Best advice he ever received.
1:51:32 Advice to the young person listening.
1:55:26 Brian’s summing up,
People mentioned in this episode: