Going Beyond Fast Car and Exotic Trips With Timothy Sykes
Tim Skyes on Profit.ly has made a name of himself as a penny stock guru. He also teachers students (some of whom are millionaires), and likes to flaunt his big stash of cash on Instagram. He’s open to discussing important topics that are integral to a trader’s success, including:
-What’s the big deal with making a million bucks?
-How can I stay motivated and be efficient when studying stocks?
– How can I combat the urge to over-trade?
-How can I avoid liquidity issues in OTC markets?
All that, and much more, from the man who became rich from one of the most hated niches.
What’s Covered in This Interview:
- What changes when you pass the seven figure mark, and what the big deal is with becoming a millionaire.
- Tim’s advice for those who struggle with studying, including to those who don’t have a lot of motivation or people who don’t have a lot of time on their hands.
- How you can maximize your time to study, including what you need to focus your energy on to be the most productive and understanding what sacrifices you need to make in order to make it to the big time.
- The irony of philosophical traders who say they don’t like to trade just for the money.
- Why you shouldn’t be ashamed of pursuing financial freedom and material goods.
- How you can work around negative influences in your life (e.g. family and friends who don’t believe in you, people who discourages you from trading) and still succeed.
- How Tim avoids liquidity issues with thinly traded stocks and why he’s had to adapt because of scalability limitations.
- Why you need to be careful when working some brokers, especially with their misleading information.
- How to focus on lesser and better trades.
Links and Resources:
- Profit.ly – View Tim’s verified performance on the platform he founded to encourage transparency. You can also get access to Tim’s educational DVD’s and subscription service.
- EP 010: Tim Grittani – An interview with Tim’s first ‘millionaire student.
- EP 007: TriforceTrader – An interview Matt Owens from Triforce Trader on episode seven, who learned a lot from Tim.
- Larry King interview – Watch Tim’s recent interview with Larry King.
- Read SEC Filings – A DVD by Tim and his first ‘millionaire student’ Michael Good. It dives into how to read, analyze and understand SEC filings.
- An Ideal Trade –The video Tim referenced which walks through a trade example.
- TimothySykes.com – Tim’s website to learn more about him and his trainings.
- YouTube – Subscribe to Tim’s YouTube channel, where it’s constantly updated..
- Instagram – Follow Tim on Instagram..
- Twitter – Follow Tim on Twitter.
