Still ignored my rules. I lost 27,000 but because I'm trading with such a small account, that was my worst loss in like the last five years. It's not good, but like in the last like 5 years, I've made like nearly 3 million. So if you can make 3 million without losing even like you know, 30,000 at all, that's a good strategy that's really good.

Risk a word as well. Why are you taking this So personally, it's business I was like it's not business. it's personal. like I Dedicate my life to this.

My mom and dad work for us too. so it's like a family business. You know what? Like people don't want this, they want like Lambo money. So I was like okay, let me put like a little 30second video before the technical video and I was like look at this new Lambo I just got you want to learn to get a Lambo watch this video and it worked I Don't trust you anymore.

You should don't trust anybody in penny stocks. Don't trust anybody in penny stocks I didn't even want the orange one I wanted a black one. it's sold out the day before and I was like all right I'll get the orange one. So I was like the orange douchebag, right? The big money isn't on any one play or one pattern.

it's can you stick around for multiple Cycles You know, like now, everybody who's learning right now. if they're studying and they're paying attention, they'll be ready for the next cycle. But I hope that like you said once every 10 years I Like that I End the webinars like people are like I want a stock pick now and I'm like no, no, no I give live webinars I'm like what can you do now to be prepared for 2027? Do you remember this Lamborghini parody video I made Here's the truth I Started trading because I saw an ad of some guy standing next to his orange Lambo telling me how much money I can make from Trading penny stocks this is Tim Sykes aka the granddaddy of all penny stock and small cap Traders and the man who introduced me to trading many, many years ago as a pioneer of online trading education. Tim has gained a huge popularity and mainstream media coverage over the last 20 years.

Along with his success in trading and Entrepreneurship comes highly polarized opinions about Tim Some people see him as a douchebag while some people see him as a man who's committed his life to Charities promoting education in third world countries and environmental causes. Join me today for an exciting podcast with Tim Sykes Make sure to hit the like button down below and share this video with your trading partners. All right! I'm here with a man who needs no introductions Years ago I think someone told me that they describe you as the Grand Daddy of all penny stock Millionaires and I'm here with you today I Cannot believe it. Welcome Timothy Sykes Hey thanks for having me on so I Also want to say that I'm like I'm this like I'm like fangirling right now because I got into trading like in 2013 2014 I First learned about stock market because I saw you online.

Nice! So I just have to say that this is a very very special moment. Glad to help. that's good. Everyone should get involved Like you see how it's changed your life, right? Yeah for sure.

So I do want to ask you you've been trading for like 20 30 years, 25 years, 25 years. Okay, older than some of my top students? Yeah, yes, we can talk about that later as well. Some of your students are like the youngest millionaires I know but what kind of Trader are you now and what's your focus now this year in 2023? Yeah. I mean I still love penny stocks but Otc's have like died.

Um so I'm trading a lot of Nasdaq's a lot of short squeezes. um just quick hits. trying to make 10 20% um I used to short sell a lot now I don't short sell I think it's very risky. um it's still profitable.

but now I trade like specifically to teach like I donate all my trading profits to charity I'm trying to make like 500,000 per day. Okay, um I'm like trading with a small account. So like this morning I made roughly a th000 on three trades and like you know, veteran Traders are like what is this? This is like nothing for you, right? But I'm like this is what I want to show people because it's not just about the profits, it's the process. So I'm trying to trade still and I will trade bigger if a good play happens.

but I like to trade very meticulously and cowardly. Did you have a finance background before getting to trading? What was your major? uh I mean I got started in high school before I even had a major I was a tennis player. Um so I got started back in 99. um oh my God I know right? that's so long ago.

crazy and I was a tennis player I got injured I had two casts on my arms but my parents gave me my bar mitzvah money roughly 12 grand. um they thought I would lose it all in the markets but I got obsessed with chart patterns back then it was y 2K plays were the hottest. um what did that stand for? Year 2K year 2000 y 2K my God Okay got it. they were hot Dooms were hot too.

My first strategy my most successful strategy back then was buying a company when they changed their corporate name to you know, whatever the company was and they added do so like Sportsman's Guide became Sportsmansguide.com and the stock would qu Drupal over like three or four days because everyone's like oh, internet company were those still penny stocks were they were they were. they actually like, you know $1 $2 stocks not sub pennies different ones. I mean everything like roughly below $5 a share is typically like what a penny stock is like Sportsman's Guide I think it went from like 3 to like 13. um I bought E digital.

they basically invented the first MP3 player uh long before iPhones or iPods or anything like E Digital came up with this and I bought it I think at like I want to say like two or three cents and I flipped it at like seven cents and it went to it went to like a dollar like I Totally underestimate a lot of the the spikes on these plays, but that's fine. I think that's a good way to trade and and to teach you were in high school and in college. What? what? What made you decide to trade though I know you have $112,000 but I think most college students would like throw that like partying drinks buying. you know I don't know 10 $12,000 back then can buy you a car.

but why trading stocks? um I mean so understand I had two casts on my arms so I couldn't do anything like I couldn't even drive. you know it didn't matter. So for me it was like I was injured. Yeah the market was going crazy.

This was like a crazy bubble so I couldn't ignore it and you know when I see a pattern working like I was winning 90 95% of the time so it wasn't like oh I want be a Trader I was like wait a minute. This is like free money and I was in the right place at the right time I didn't even know what I was doing I mean aside from the dotcom strategy, I was inadvertently uh, tailing Boiler Rooms, we didn't even know that boiler rooms were pumping up penny stocks back then. but I would buy an OTC stock like a pink sheet stock like at 3:30 or 3:45 in the afternoon. Any strong stock that's up 20 30% on the day whether they had news or not.

I'm just looking for the biggest percent gainers and it would Gap up 10 20 30 % the next day and I'm like looking around I was like am I the only one like seeing this I didn't know like a year later. a year and a half later it came out that boiler Rooms were calling people up at dinner time. That's when they would get them on the phone so they would call them up dinner time pitch them the penny stock. The idiots would buy it or be like sold overnight.

But because the markets are closed, there's no premarket trading. All the buy orders would stack up at the open the next day. so you get the 10 203% Gap UPS I Didn't know about the boiler rooms I Just knew that strong Stocks OTC stocks would Gap up. So whether a company or an OTC company, I'm literally winning almost every single time.

So I was like it's not like oh I want to be a Trader it's just like what have I stepped into I see so you were getting near the end of the market close and then the people pumping the stock will kind of help you overnight. well not not help you directly but it benef you benefited from the overnight Gap UPS on and I had no idea I thought that I was like a genius like I'm in the dorm room like freshman year in college I have like three other freshmen I'm like I'll bet you $100 each that I can make 10 grand the next morning and so I would like do it and then I would just follow the pattern and i' make like 12 Grand and collect like $300 cash from these freshmen being like what's going on and I had I had no idea. It's so funny when boiler rooms got exposed like in 2001 2002 and I was like it makes sense. Oh so did the strategy stop working after then? So year 2000 I made 700 Grand the first four months as a college freshman, the last eight months of the year I lost 10 Grand I didn't know short selling back then.

So like the the OTC Gap up and the Dooms all died after the NASDAQ crash in 2000. but it forced me to adapt and I became a short seller I made basically my second million 2001 2002 2003 just shorting the pumps. so like I made the first million basically buying it second shorting it I didn't even know about any of it. So it seems like is everything selftaught like did you there were there were no like forums.

so now there's forums. But so I mean this is part of the reason why I created profitly to show all your trades, your entries, your exits, your position sizes cuz Back Then There Were forums like you had the lion uh you had Shark Tank on uh AOL like I this old school Shark Tank like AOL that sounds very familiar comp you serve I'm talking about like dialup modems like 56k modems. Wow, so you were saying you never really had like a mentor figure. you just kind of figured out out everything yourself in your dorm room.

Yeah, I mean literally I'm buying these stocks with a pattern that I don't understand I later shorted stocks after I understood like pump and dumps a little better. um I'm trying to learn online but at the time you had like AOL Shark Tank uh you had the lion but like Traders would only show like their entries, not their exits and I was like that's not a complete trade like CU they're helping to pump the stock up. they don't want you to know thatly and I was like wait a minute like good, good play or bad play I just want to know like the process so no one was really teaching the process and that's later. What helped me like inspire me to become like a a teacher because I never had a mentor.

So I made so many boneheaded mistakes. I might have made my first million going long, second million basically going short, but I had a lot of losses in between. just like sizing in too much, not cutting losses like having no risk management. So I'm like literally completely selftaught and that's held me back my entire career.

Yeah, I Like that I Like that you mentioned that you did also have some losses just like most Traders would. but did you ever blow up your accounts? Uh, so that wasn't until 2007 2006 So I was running a hedge fund I was trying to grow my uh strategy I always like traded with a small account you know I I made like nearly 2 million before I graduated college. um but then I had a small hedge fund, was trying to get like friends and family and I was trying to grow it. but back then hedge fund rules prevented you from talking about your returns publicly and I have like a big mouth and like I couldn't talk about it publicly and I was just getting more and more frustrated.

Um I went on this TV show called Wall Street Warriors where I was drunk in every episode and became like a hit and I couldn't talk about my performance but you knew that I turned a few thousand into a few million. um and I was trying to get my hedge fund bigger I invested basically a third of it into this one Company signus E transactions This is the problem with having no Mentor no risk management. no in almost not all in but a third of your hedge fund. I had like a $3 million fund put basically a million in Lost It All oh no so killed my hedge fund returns right as the TV show was like booming, it was all messed up like and I couldn't even talk about it publicly I couldn't talk about my wins publicly I couldn't talk about my losses publicly but I basically fell in love with the technology and had a million dollar loss so that sucked.

Yeah so I think the way you would trade a hedge fund money would be different then how you would trade your own money right? How did you manage it differently and what are some of the the the DraStic difference in the in terms of difficulty? Yeah so there was no difference for me because I was half my hedge fund. So the only reason why I started the hedge fund was just to diversify and I had a lot of friends and family who wanted to like you know trade and they couldn't do it themselves. they didn't have time like it's very timec consuming. so I was like okay let me just you know manage other people's money.

um I was it was just an extension of my own strategy. but again the problem with me as a hedge fund manager is I was trying to grow it bigger at that point I didn't understand the limitations of my strategy I thought like I could run like a billion fund I didn't understand scalability. um so I invested a third of it into this techn which I thought was huge I was right about print at home ticketing it became huge Wrong about the company. um but it really taught me from my wins and my losses like what I knew what I didn't know like I can always make like a thousand or $2,000 here or there on these little trades whether it's.com plays or pump and dum shorting them.

um and now you know trading short squeezes but I have problems scaling up because I never learned structure so all my wins all my losses led me to becoming a teacher cuz I wanted other people to have like an easier time than me Yeah I think especially since you mainly focus on penny stocks. Do you think the that's part of the Restriction that prevented you from scaling up a lot of Traders I know once they they can start with penny stocks small caps but eventually if they want to really grow like millions of dollars of account, they can no longer trade those small stocks. they have to go to large caps or or trade options. I've tried other strategies I'm just not very good at it and I think think it's due to my own you know failings with a lack of like structure in my education.

um I was too successful frankly and that like hurt me cuz now I'm like I want that success again I want that 90 to 95% win rate and you can't get a 90 to 95% win rate with more scalable strategies you need to you know, monitor your risk. you know, prune your position size. do all the things that I hate doing so with penny stocks. It's like limited me.

but I think that you know part of the reason why I still do it is cuz I love it. and I think that everyone should start with penny stocks, especially if you're like you're a newbie. Trader if you want to, you know Blossom and go on to other strategies that's fantastic. Um I'm like I kind of think of myself as like this vampire.

you know, like did you ever see Interview with a Vampire yeah do you remember that Kirsten Dun is this child. She can never grow up. Yeah and like that's me I'm like this child Trader I Can never really grow up out a penny stocks. So I've accepted my fate.

um and now I teach it. But like I tell any of my students like you're going to become a billionaire like I say like you can make a few million like me and now you know 30 of my top students have. But there's limitations with penny stocks. so it's it's the gift and the curse.

It's good that penny stocks I think are easier. They're a good place to learn, but you can't make tens of millions or hundreds of millions very easily. That's true I Think penny stocks is a good way for people to dip their toes in the stock market and where they they stick with it or they eventually transition to other asset classes or bigger stocks. I think people have different like preferences and they choose their own drug in I me 100% And So like I mean I've been on CNBC a few times and they're always like oh you started with penny stocks, you're into other stuff now and I'm like nope nope just just penny stocks.

Yeah you should stick with what you know well I also because penny stocks are such like a manipulated like BS industry you have all these Discord rooms with like fake Bots and like there's so much misinformation. so now even if I wanted to change Industries like I can't leave this Niche cuz otherwise promoters would just like continue to rip off newbies like they always have. So I have to like kind of look out for my little niche now I've like grown an affinity to it. so I don't know it's it's been a strange quarter of a century Journey for me.

but um I love teaching and that's made this much more meaningful for me. Um, you know, like you've been. How many years have you been trading now? uh, eight years now, right? Yeah, the adrenaline rush kind of wears off. it's nice.

like I still love like making a profit and like getting like a fast Spike like like this morning I was into play I made like 25% I was like yeah I felt the rush but I love it now. like when other students have like those light bulb moments and that's made it more meaningful for so you have to like kind of really be introspective. uh in your journey, it's not just about how much money you can make I remember when I first joined I think I was in like penny stock, silver or whatever. There were a couple of strategies that's like your core strategies that you taught like the penet dip by or the what's it like first red Day short or whatever.

Yeah you I know you have a couple more. What are some of the strategies that you would still recommend newbies to trade today? because obviously we talked about earlier. Some strategies change some work. Well, in 2020 2021 and this year things have changed.

What do you think is a beginner friendly strategy that a lot of Newbi should learn this year? Yeah, so I mean I Love morning Panic Dip Buys. but as we were talking before, like there just haven't been that many morning. Panic Dip buys the best morning. Panic Dip buys are on plays that have been running for 3, four, 5, 6, seven days in a row.

Then they drop 30 40% in a few minutes taking out stop losses. Then ideally with the promotion, the promoters bounce it because they don't want an investigation or Dip buyers come in and you get like these: 10 20 30% bounces in a few minutes. We're just not seeing that right now. There have been a few this year, but not very many.

Um, shorting first Red days. That was always my go-to strategy shorting. it still works. but I Personally, don't short cuz I trade like a newbie and I don't think newbie should be shorting because a lot of the shorts right now the squeezes are insane.

Before when I first started shorting, stocks would go 2 to 6, 3 to 9, 4 to like, 12 over like 3 or 4 days max. Now you're getting like 4 to 20, 3 to 80, like 5 to 100 and you're just like newbies can't control themselves. So now I think like a teacher. So I wouldn't short first red days even though they're profitable.

a lot of my top students have made made a lot of money shorting the first red days. It still works. Newbies is difficult because you just can't control yourself. Um, so right now for newbies, I Think that you should actually be buying short squeezes I Always say thank you short sellers.

Thank you to all the shorts who sacrifice their time, their health, their wealth. Um, and they participate in these squeezes. It's partially my fault. this is what's crazy because I've been successful as a teacher and I have so many millionaire students who do short sell.

Now there's a whole bunch of wannabe short. Sellers And there's a whole Cottage There's all these little Brokers that have borrows on these shorts and before there were never really that many borrows. I had a music video called No Borrow No Cry I remember watching that YouTube Okay, okay I just released the 13th anniversary updated Edition right? Um, but now there's a lot of short shares out there. Uh, there's a lot of short.

Sellers And the squeezes are just crazy. So as a newbie, you can sometimes buy these terrible companies. these terrible companies. but they Spike the fastest like the most fundamentally flawed companies can Spike the most.

And that's confusing for people because people are like no I want to buy a blue chip company but no, you can buy like the worst company and it squeezes because of too many shorts I Think it's very interesting because when I first found out about you, that's when I think you had some lessons on Short Selling but back then it was so hard to get access to these I think you you call it like a high net worth broker or whatever you need certain amount of capital to be able to short I didn't have that so back then it was very difficult. and then when like things started opening back up for these like people with smaller accounts I was able to short and it got so popular that nowadays there's maybe a little bit more Edge going long at least the first or the second Green Day and then you short it after that. yeah it's it's crazy how patterns evolve. like even going back to my 99 and 2000 strategy, buying the dots or buying the OTC pumps and selling the next morning at first start was buying at like 3:55 p.m.

350 p.m. selling the next morning 9:30 9:35 a.m. yeah and like you know you could have more time then it had to get earlier and earlier. so by the end of the strategy I was actually buying it at like 3 p.m.

not even holding overnight selling at 3:45 p.m. because the the pattern sped up so you have to kind of understand like if too many people partake in a strategy it it dissolves and it flips and like that's what's happening with short selling. So like a lot of short sellers hate me right now cuz I'm always tweeting at them I'm like thank you for your sacrifice. like I know that you're going to the doctor a lot.

your stress levels are off the charts. you're having like heart palpitations. It's scary to be a short seller even like some of my top students. They make a lot of money.

but like you know, like HKD went crazy parabolic I had students and non students who lost six seven figures on that Kyle Was here yesterday and he did talk about his uh, really painful HKD L but he's he's up nearly 8 million or $5 million now. So it's like there's it's good and bad. If you're an experienced short seller, you can usually Outlast to squeeze or you at least have enough knowhow to cut your losses. Newbies keep averaging up.

uh, they think they can Outlast it but they can't they don't have the knowhow, they don't have the experience I think as a Trader whether you are more sure bias or Lum bias and whether that changes or not I think it's good to know both sides cuz you want to know as a short I want to know when the Longs are selling and when the long setups are not working and I want to go the other side and same thing vice versa I mean I have 9,000 video lessons in my video Lesson Library I've I've been a little busy like the first third of them is pretty much all. Short Selling Okay, people are like no I don't want to watch that you don't do that but I'm like no, it's good to know. First of all, it's good to study the past. It's good to study history.

but it's good to know like thinking the other side too. but people don't want to do that. They just like no I don't want to study something from like three or five or seven years ago God forbid it's 10 years ago. But the crazy thing is like the patterns don't change.

That's why I bring up like 99 and 2000 with docs. Very similar to 2020 when companies were getting into the crypto space and they would like change their corporate name to something crypto and the stock with triple and then 2021 2022 companies would get into Ai and chat. GPT Same exact pattern. So it's like no matter what the trend is, people are buying hype and it usually ends the same.

It's not an exact science, but there's a very similar pattern. Woo! Now they Down 2 and 12% Let's go. So us we speak right now. you just checked your phone the NASDAQ is down 2 and a half% Why are you rooting for it? You're not even short.

So I haven't shorted a stock in like a year and a half or something I want more volatility? Okay, the bigger the market crash, the better the Panic Dip buys. We haven't been getting that many Panic Dip buys because we've been in such a bull market right? So like it's it's weird. Trading is very counterintuitive I just want a lot of volatility. So the market Panic like were you trading in 2008 during the crash? No.

So like a lot of people haven't been there from 2008 or like let alone 2000. If the market tanks like forget the Nasdaq's Down 2 and a half% today, that's nice. But I want like a 10% drop if the NASDAQ drops 10% small caps will drop 50 60 70% I see and then I'll get my morning Panic Dip buys I got nothing but cash right now I'm all liquid I have zero positions I see okay and I'm also betting on people like I'm like I still like my little like friendly Wagers side bets I'm like I bet there's going to be a crash I was tweeting like come on Black Monday but then Bill Amman screwed it up I'm like today I tweeted I was like Amman shut your trap up Let it crash black Thursday Black Friday let it begin. Okay I just want volatility and this is what Traders should be more into.

They're they're so obsessed with like their their you know biases. They they want like a bull market, they want like a nice backdrop I Just want volatility I want patterns to open up? yeah you know that's that's me. Yeah I think especially in the bare Market The bounces are way bigger whether it's I trade mostly large cap now but like probably for Penny Stock like bounces is a lot more aggressive as I need a giant crash to open up like some 50 60% panics. A lot of people aren't prepared just like short sellers aren't prepared for the upside during these squeezes Longs aren't prepared for a crash.

There's so few traders who have seen a crash in person in real time in 2008 or 2000. It's so SC like there's no bottom, everything's just falling and if you're long like it's the scariest. it's like the worst feeling in the world. You're like no, no, no, no, this can't happen.

no no no no but it does. So in during that crash, will you did that affect your personal portfolio and like a trading account no I mean I always just try to look for patterns like I'm very opportunistic I don't have like long-term Holdings oh you you don't even like oh you don't invest I got nothing I got money market funds I'm earning like 5% What? 5.4% I don't invest I Don't believe in necessarily like long-term investing. For people with small accounts, you have to understand I Trade You don't have a small account anymore I Trade with a small account. Understand I'm so like like you said, like do I have people like working for me and helping me and stuff I'm such like a micromanager.

if I have like a long-term position I'm still going to look at it I can't just ignore it right? So like I I know who I am I have my CDs I have some CD I just got a CD the other day like 5.4% Let's go right. Like I mentioned many times before on this channel most profitable Traders I Know they reinvest profits from Trading into other longer term investments that will grow their wealth passively. This free tool is not only a portfolio management tool but also a social platform that allows you to follow other Traders investors and see their portfolio holding. This tool is Blossom Anyone can download Blossom for free and connect the app to your Brokers safely.

They do not share personal data. For example, you may have different Holdings in Robin Hood Vanguard or Weeble Well, you can now security connect them all under one portfolio analytics platform. There's also a social feed for you to connect with other Traders or investors who are following the same stocks and you can even see their returns and what kind the trades they've made in the past. For example, on my profile you can see all my investment Holdings how much I'm up or down on the year as well as my recent buys or sales all in percentages.

So make sure to check out Blossom it's free to use down below I'm an angel investor in Blossom so I would love to hear your feedback down below I I Just know myself. So I'm looking for maximum volatility because then I do have a lot of cash that I could put into the trades and put into the market. If something presents itself like Google's down 10% today, that's a big move for Google Yeah, right. but what if Google was down 30% on the day? if Google's down 30% on the day, small caps could be down 90% And then you get like a crazy like garage sale.

People just aren't prepared for that like I'm not rooting for like the end of America or like you know, massive like panic I Just want volatility I Want trading opportunities. People forget everyone's scared of 1987 But like after that crash in 1987, we went straight up for like 14 years. So sometimes you need that little crash to wipe out all the weak hands into create opportunity. People don't want that.

People don't want pain at all. but I think that like even as a Trader like we're were talking about my million dollar loss with signis E transactions. That sucked because I didn't have risk management I didn't have the rules in place but that loss crystallized everything for me. That loss helped me learn what I didn't know and now I teach those rules cuz I never want anybody else to like experience that see was that $1 million your biggest loss ever? Yeah, times like I never had even like over a $200,000 loss I just went big I believed in it and I didn't have risk management I See So now I'm never in that position ever I'll never have I mean my biggest loss in the past few years was just a few months ago and I still ignored my rules I lost 27,000 but because I'm trading with such a small account that was my worst loss in like the Last 5, Years 27,000 which is it's not good.

but like in the last like five years I've made like nearly 3 million. So if you can make 3 million without losing even like you know, 30,000 at all, that's a good strategy that's really good. Risk a word as well, but sometimes it's a slippery slope like that. $27,000 loss should never have happened.

true. So I still like you. you can still slip up. Um, but there's different orders of magnitude of how much you can slip up, right? you know? I've never had a million dollar win.

My biggest win is like 200,000 Do you remember which stock? uh this was during the Asian tsunami. Uh, Tailor Devices ta yd. So I was a short seller back then. they make earthquake absorption equipment to like make buildings like steadier so that they don't completely topple over.

There was the Asian Tsunami of 2004. everyone was like oh my God Tailor Devices, They're going to get all these contracts. Everyone's going to want to use their equipment and their buildings. Unfortunately, the company was near bankrupt even though it's a nice sounding idea.

Uh, it went from like 1 to 8. I was actually shorting it too early in the sixes squeezed to eight so I got squeez so I lost to I lost 180,000 Oh God Okay and then I got back on the horse and resorted and then I made 220,000 It's like the worst way to make 40,000 That was like that was me as a short seller back then. Okay um but my best trade of all. like freshman year of college, no losses I was along this company Illinois Superconductor Isco Um back in the year 2000 you had cell phones which were very fuzzy like if you tried to like like call people there.

First of all it wasn't even like a cell phone. it was like it was like a giant box and you had like a wire like it was like ghetto right? Okay, you don't remember this I don't remember this in 2000 but like cell phones were just becoming a thing. but the reception was so bad. Illinois Superconductor Um, the super conductive technology has always been like this promise where they can make technology better by like freezing wires and it's very scientific.

Freezing wire. Okay yeah yeah, freezing like superc conductivity it can make like Electronics more efficient. That was the promise. and back in the year 2000 there were no short seller exposes.

the market was going crazy. Yeah um Isco came out with a press release on a Friday saying hey, we've been interviewed uh, we're going to be on TV on Sunday and at the time I didn't know Short Selling everything was going up. People believed in these Miracle Technologies the stock had already gone from 5 to 17 that week, but at the time I didn't know risk management I didn't have any rules I was just riding these things higher I was like oh, they already filmed this interview so it's probably going to be positive. So let me buy this stock.

So I bought 10,000 shares at roughly 177, which was like 34 of my net worth at the time. Yeah, stupid terrible risk management young. Back then the interview was positive, the stock gapped up. there's no pre-market trading.

back then, stock gapped up to 29 I sold I locked in roughly 120 Grand on my 170 Grand oh my God and I was so scared I'm like trying to sell it E Trade wasn't like selling I was like come on I didn't even have to rush it the next day it hit the 40s so the momentum kept going. but that was like one of my first weekend strategy. So like the weekend strategy is something that has worked very well for me. Buying a stock with news on Friday can keep going into Monday because newbies hear about it over the weekend.

That pattern has been working for 20 plus years more times than not. I think I used to trade that strategy a lot like swinging overnight but I think last year was a little bit unpredictable for like the a lot of the overnight swings where a lot of the times they'll gap down the next morning. Well, 2022 I mean the average trading account lost like 40% So it's it's things change. back in the year 2000, you could buy anything like even in 2020 2021 you could buy anything like I looked down at my fingers in 2020 and 2021 I was like I don't have enough fingers to do all the trades I want to do I was at Kyle Williams house right? we were celebrating him just crossing a million dollars.

so like I brought like three other students Kyle Williams is a vegetarian. did he talk about this? no he on this oh he's a vegetarian. So me and like three other students we dressed up as vegetables. We like what I was like a giant mushroom.

I'll send you a picture insert picture here Timothy Syes insert mushroom but it looks like like I look like a penis like it's a mushroom. it's a it's a freaking mushroom. Um and like I think Matt Monaco uh he dressed up as like I think a stock of corn Bryce another one of my millionaire students was like a giant pea pod and we like were in K's house and we surprised him when we bought like all these vegetables for him. we spent like $500 at Whole Foods and I just bought all the vegetables for him.

that's how we celebrated him Crossing million but we were in San Diego celebrating him and I it was like in the crazy Mania and like I didn't I could not make enough trades I was like trading all the time like my fingers were hurting from so many trades. So I do want to talk about that. Seems like you have a really close relationship with a lot of these young millionaire students. Yeah, tell tell me about that.

This like a group of like five different guys and you feature your students a lot. So what is it like? Well so now it's 30 millionaire students I'm trying to keep up I still have to visit some new ones. um but yeah I mean it's it's not just a business Me: this is personal. Like people are like why are you taking this so personally it's business I was like it's not business.

it's personal. like I dedicate my life to this. My mom and dad work for us too. so it's like a family business.

Um, it's amazing to see what trading can do for people like especially when you do the seemingly impossible like I don't know if you see this shirt. do you know who these people are? Fairlay Dickinson Do you know this You follow college basketball? Is that like I was going to sayb like a big college basketball? Yeah I definitely am. definitely huge. Um Fair Dickson Do you guys know who Fairlay Dickinson is? Do you know what they did? So they were the second team second 16 seed to take down a number one seed.

Okay, which is it's only happened twice before in the whole history of the NCAA tournament. So they've done the seemingly impossible I'm obsessed with like the long shots right? UMBC was actually the first in 2018 I have their shirt too and I love it. Like when you know someone starts with a th000 $2,000 $5,000 and becomes a millionaire in a few years. Every like how is this possible? This statistically is impossible, but this is the beauty of a good strategy.

This is the beauty of trading. this, the beauty of scaling up. So a lot of these students who become millionaires like Jack Kellogg Now over 12 million. He was watching my YouTube videos while he was a valet.

He was parking cars. You need to interview him. It's crazy I Met him last year I Do need to interview him I Mean parking cars as of La Watching videos in between parking cars saving up. He joined my challenge.

but after year 1 he was down like $5,000 and he paid several thousand for the course. So he's down like 10 grand after year one. But he's trading, learning, keeping track of everything and he optimizes and then he scales up and now he's over 12 million. I I Do notice like a pattern: like all these millionaire students, they tend to be really young.

I Think everyone that I've met the students of yours millionaires, they're all like in the early 20s or mid 20s. Do you think do you think there's a reason why they're all so young and they made it? Why? Why isn't somebody else who's like say in their 40s or 50s getting into penny stocks? Why don't I see some similar success? So we do have some older millionaires. They don't want to be public about it. so like either wives or Ex-Wives or you know I have this one older millionaire he doesn't He owns a business.

He doesn't want his employees to know that he trades, but he's made over a million. He's actually made over 3 million I was like come on like you're the older millionaire and he's like no I have to keep it private cuz if his employees knew that he traded, they would trade and then they wouldn't be as good employees. So older people usually have a reason not to be public about it. Young people are just like yo.

This is amazing Also, young people don't understand what money Buys So like I think this actually really helps. Like where you don't know what you don't know. so like you can focus on your process, you can try to scale up. It's all a video game to you.

It's not real. When you're older like it's really tough to try to go for the jugular to go for like these home runs. Try to make 50 Grand 100 Grand on a trade because you know what like $10,000 will buy in the real world so you want to take those profits and then in your head you're like whoa, just paid my mortgage for the next like three months I see versus if you're young you have no idea what $110,000 is or $100,000 like. This is what's fascinating for me.

When I first made my few million like I was a philosophy major because I needed therapy philosophy I was a philosophy major because I needed therapy to deal with my Millions I was a terrible new millionaire I was like spending money like crazy like I didn't know what to do or what not to do cuz I had no mentors. so now when I have a millionaire, it's not just business for me. I take it personally because I see and I know what it's like to be a new millionaire and have no one guiding you like it's It sounds awesome to be a new millionaire but like it's actually very confusing. It's like screwing up your brain because you're like wait a minute I Just made an annual salary in like a few minutes or a few hours.

I Think that one of my phones I Think that is like an interesting three phones. Let's put all the phones on the table. Why do you have three phones? Never trust anyone who has more than one phone? I actually have five phones. So that means this.

Trust me five times over. Oh, you have like five different stocks on your screen. You're trying to buy or sell so well. No.

So I have so much content. So that's my Asia phone. That's my Europe phone. That's my WhatsApp phone.

Then I have two phones in the backpack I got the new iPhone Um, really excited about that I haven't even tested it out yet I Don't trust you anymore. You should don't trust anybody in penny stocks. Trust anybody in Penny Stops whether they are long bias or short bias. Don't trust anybody in trading.

You have to remember like let's talk about the elephant in the room. 90% of Traders lose. Most people who teach are just snake oil salesmen. There's the Oh: I'll teach you to be rich.

just follow my strategy and you're like wait a minute but like they don't show all their trades. they don't have actual millionaires like that's why for me. I'm so proud of being real. That's why it's personal to me.

I I get sad emails from people who like join prop firms or Services where like I'll teach you to rich and it's all Bs Yeah and I get it. Like when I first got started teaching, everyone's like you're leaving hedge funds to get into like teaching like oh, your hedge fund blew up. Actually my hedge fund finished up 2% per year. over four years, it still sucked I wasn't a good hedge fund manager but I didn't blow up I didn't need to get out.

but I saw more opportunity from teaching and I'm glad I did. Oh yeah, so tell let's talk about that. Yeah, because I think the trading education space. This it's it's it.

can be quite comfort controversial. There's two different sides to it that's positive. that's a positive spin on it. It's terrible.

It's an industry of scams well, but also at the same time, without a lot of these scams, there wouldn't be money in terms of like stocks to be made at the same time. And that's a lot of times you need that to to attract people to join trading. I mean I I I'll just be honest. I I join trading because I saw your Lamborghini ads 100% right? Well, that's not.

in my opinion. that's not really a realistic depiction of what being a Trader is like. It got me into it. whatever it takes to get people into it.

So that's another you're talking about many controversial topics right now. I actually had two Lambos First Lambo I Love. That was my childhood dream growing up in smalltown. Connecticut I was like I got this the baby blue blue one or the orange one orange one I didn't even want the orange one I wanted a black one it's sold out the day before and I was like all right I'll get the orange one so I was like the orange douchebag right? like I didn't want to be the douche baggy I feel like the black one would be a douche baggy car too I I feel like black Lamborghini is like Batman like I feel like like cooler but orange orange I was I mean business week featured me and I was like it was I think it was called like douchebag marketing.

It was the first time they used douchebag like in a title for me. who's the douchebag this guy but again, it got you into trading. So I recognize like what gets people into trading. Yeah, you know.

I I bring it up like when I first got into teaching, right? Like let's talk about going from hedge funds to teaching I got out of hedge funds only because my TV show Wall Street Warrior was blowing up I was getting all these emails I could have easily kept trading but I had lost like 30% I lost all my industry credibility because of that one stock and I was like screw this. there's more opportunity in teaching because there's so many scams because like I said, that loss helped crystallize the rules I knew I needed to like help people learn this stuff because I didn't have the proper Mentor Um, but how do you get people to actually study so early on in my trading and teaching career? I would still trade I Went back to my $112,000 roots. There was a website called Coester. Do you remember that website? No.

So does it still exist now? Uh I think they got bought out by interactive brokers? They don't. They didn't They didn't do what they do now like they're a totally different company. back then they would. You could tap in uh, to your broker account and verify your gains.

I became the number one ranked Trader out of 60,000 on Coester. I turned the 12,000 into like 250,000 in like my first four years as a teacher, showing every trade blogging about trade but people still weren't studying like I didn't have any millionaires my first what 5 years teaching and I was like how do I get people to actually freaking study Yeah so the the Lamborghini everyone thinks like oh I became a teacher and got the lambo I didn't get the lambo for like four years into teaching I see because I was focused on trading and like making good technical videos, people just didn't care. So then I was like how do I get people to actually care and then I had like had enough money in teaching trading so I was like let me give the Lamborghini a shot for myself cuz that's my childhood dream and then I was crazy to me I tried something. this was the first test as a teacher um I made like a 45 minute expose on some pump and dump and I was like here's why I'm shorting it it's a CRA it's a scam it's going to crash yeah I made this video I stayed up all night making this I'm like I love this the next day like three comments like good job Tim on YouTube yeah and I was just like I stayed I pulled an all nighter and like no one cared and then I was like you know what like people just don't want this they want like Lambo money so I was like okay let me put like a little 30C video before the technical video and I was like look at this new Lambo I just got you want to learn to get a Lambo watch this video and it worked and how many views like it went from I think I had like 336 views on it and then the second AB test version had like 4,000 and like but out of the 4,000 views it had like I want to say like maybe like 600 likes as opposed to like 38 or 40 likes.

Same exact video just with the lambo in the beginning and I was like okay it's the carrot. It's literally an orange carrot to get people to study I see and then I kept going and I had two Lambos and I had a Rolls-Royce and a Ferrari and a Tesla and all this stuff why do you think like superar Lamborghini Money marketing works so well cuz it's just it just shows you have an excessive amount of money where people are so worried about like just getting by. If you have enough money to blow like 50 250,000 on a car like you're doing well, that's true. but do you think sometimes that doesn't depict the the whole picture with trading so you need to be able to back it up.

The problem is now there's a lot of people with Lambos and like all this stuff like I also took out a million dollars in cash I took it to the next level right like I was like the master douchebag but I could back it up with my trading with my teaching with my students. A lot of people just forget to back it up or they don't forget they can't back it up. so I I think it's good to recognize what motivates people but you also need to have like the the meat right like the lambo just got you in. but you need to be able to have more than that.

so I recognize what it's for and I'll tell you. My second Lambo was one of the scariest moments of my life. First Lambo I was like yo this is awesome Second: Lambo even better, more expensive baby blue I'm glad you remember that Yeah I remember that one I felt nothing and I was like what's wrong with me I thought I did a cancer test I thought I had cancer I was like I feel nothing but I just I was over the cars once you achieve your childhood dreams like all the nice things, just don't matter as much. So what happened to those two: Lamborghin sold them, sold the Lambo sold the Ferrari sold the rolls.

the Rolls-Royce actually did best on social media and I hated it the most. It looks I never. It's like a hearse driving it to like the funeral was my funeral. It's like so big there's like an umbrella holder.

Everyone's like oh that's so classy. like it's so big like I can't even turn properly I can't park like screw that I think r Royce is like an old money image Lamborghinis The McLaren's is like new money. The McLaren was my favorite to drive. It was like driving like an iPhone you had in McLaren too I had a gold gold I had it all get out of here I had five cars I sold them all and okay it was so much better.

but like I tried everything the Ferrari was really nice Ferrari for best all-around performance. okay um you know I had a 458 and then they came out with a 488 and now they keep going with new stuff. but the Ferrari was amazing. the L first Lambo was amazing.

second Lambo sucked Rolls-Royce sucked good for social media um you know McLaren fun to drive that's my my superar take. Yeah I've only I've been in a Lamborghini once yeah and it was this exact color neon green. so I actually made a video I think like 2020 April April Fool's parody I rented a Lamborghini um I think it cost me at $4,000 to rent it for one one day and basically I was making a parody about the the that that that you know that image of Traders and lamborghin that you started. yes thank you for recognizing that but but I was trying to sell a product in like for fun for parody I was like oh if you if you you know I was selling service for if you pay me $2,000 I will trade for you I'll give you the secret strategy that that will always work 100% Didn't it? Well it was.

it was parody I understand but people were interested. people actually emailed me asking for it. so that's I'm so you have to recognize what but you have to recognize what motivates people like. It's not bad to want nice things like then it's like Lambos get like vilified like oh you should have want this but like it's human nature so what if you want a nice car but for me now, cars are meaningless I Got rid of all of them now I donate all my trading profits to charity.

116 schools built infinitely more rewarding so you have to find what motivates you I post all my charity stuff. It really doesn't motivate people. People are like I want to post the cars more post the cash I just do what I feel I still have all the content like you can still see type in Timses Lamborghini you can see all my cars I made an imprint on the internet but you got to judge what motivates you and anything that works. Any kind of visual motivation is good I think okay I'm sure I'm not the only person who got introduced to trading penny stocks because of Tim Syes.

Make sure to comment down below if his orange Lamborghini was also the reason you got into trading. Be honest. so in your opinion cuz obviously we just talked about the that image it gives you. You kind of painted that image for yourself maybe like 10 years ago.

Yeah, do you think there's that changes the way people treat you. Even nowadays 100% people don't realize I have no cars. they're like oh just you know, what are you doing? Go to your cars like I got rid of all my cars like it's If you're ever too successful with one strategy like that's going to be your role like Wall Street Warriors People still remember me of that I was on this other TV show below deck I was on this yacht I was trading from the yacht there was no Wi-fi I actually made 70 grand on the yacht it was actually how did you trade with no Wi-Fi So there was satellite but it was like I had to call in the order I had three cameras in my face literally I made 70 grand ekso it was beautiful and I was so pumped I was like you got it all on camera but on a reality show you don't have any control of the edit and like that was an amazing thing. we're going to show it.

so when below deck aired this was like 6 months later. I had a big party and I was like yo they're going to show my 70 grand trade. this going to be amazing. You don't see the 70 grand trade, you just see me complaining about the lack of Internet and then I'm like slamming doors and then you see me walking around the ship like all excited cuz I had made 70 grand so I thought that they would show it but they didn't show that.

you just see me walking around the ship like complaining about the lack of Internet and then I'm like I think I'm the man I came off terrible so you just looked like a douchebag walking around. the okay I embraced the douchebag marketing. Okay, but I did fortunately make everyone all my students wear this shirt that said Timothysykes.com So I'm like the most hated guest on like eight Eight Seasons of Below Deck and it's a big hit on Bravo Yeah, but everyone sees me and they see the Timothysykes.com logo. So douchebag marketing works okay, but you have to accept the consequences.

I actually went on a second time. um, didn't even make a trade. Left the biggest tip in show history. They never air that episode cuz it's too positive.

Oh, it's the douchebag they that people like the negative they like. You know it's like staring at a car wreck, right? Like if you're on the highway and traffic is slow. Not necessarily because the car is blocking traffic, but because everyone's looking at the car wreck. It's just human nature.

I see so if you could nowadays to kind of change your image, would you do that or you don't mind the way it is? I mean I've done so much to make my image this way already. like I didn't choose the negative Below Deck episode to be like the biggest hit I would choose the positive one but people just don't care I See Uh, the orange Lamborghini was literally like 15 years ago. People still bring it up so like I try I'm doing the charity stuff not for my image because that's what motivates me Now maybe you should try driving a Corilla I mean might work I try I don't I I'm cardless I travel all the time I don't I just Uber asking my team yesterday if yo you think Timses not row up in a Lamborghini on my driveway I was hoping it would but no show like know Uber X they were I mean even when I was thinking about like maybe I didn't get the right Lambo the Aventador had just come out so I did a test drive of the Aventador have you ever driven the Aventador I honestly I don't even know what Lamborghini I d drove. There's like three new ones since then but Aventador the back window was like this big and I'm like trying to look out the back window I'm like if I get this I'm going to die like it's just not well well designed.

so I think it's good to chase your dreams and your childhood dreams but then you got to always look for new dreams. Now when I open a new school it motivates me. My social media engagement is like Dr down like 90% because people don't care about schools like even my tweet like showing a new school got like Twitter applied like a sensitivity Warning: I was like we're opening a new school for kids how is this sensitive content oh okay I don't know but now I just do what I want because now I don't. The good thing about like having built a brand for 20 years now? um I I'm not looking for like new you know, users or new followers all the time.

Now it's just like this is what I'm doing. Take it or leave it I See Okay, so is that kind of your focus nowadays on your multiple? Char Charities Is that where you cuz obviously you don't spend money on cars anymore? Yeah, where do you spend your money? All charity So you know as we were talking about. So like we've done two documentaries, we producing the third documentary um I self Finance the documentaries. and if you donate to the charity, none of that goes to me or like it's not like a scam of a charity, it's a real charity.

All the donations go to the actual causes. but I spend my own money on documentaries and travel and all that. Um, we have one and a half million followers on social media. it's called Kagawa um really love the community and I love building it up.

you know I saw you had Lance on Lance and I were just in England together and he has a charity and we've got a charity so we might do something together too. He's a great guy. Yeah so Charities is what keeps you busy and you mentioned the documentaries. Can you tell us about the what documentaries you've done and what are you working on? So it keeps me busy and it keeps me motivated Like you got to find what motivates you.

The cars did motivate me. Now it's like okay. we did. uh.

the first documentary was on Rhino Poaching in South Africa um if you can include the links I'd appreciate it because they're on YouTube Um, it's the war against poaching which is a really sad thing. Like they're chopping off rhino horns I Don't know if you know about this. Yeah. I Know about this.

Rhinos are endangered. They never were even endangered a few years ago. the specifically the white rhinos, right? But they chop off their horns because of these myths I Hate misinformation. Whether it's misinformation for penny stocks or misinformation, Medically speaking, people like grind up these horns into liquids and they drink them.

They think it cures cancer. They think it. It's like an aphrodesiac. It's nothing.

Do you know what? Rhino horn is made out of? There's one ingredient. guess. oh, actually don't. Uh, is it just cium kittin? It's what's in our fingernails and hair.

Zero medicinal properties. and they're killing these animals because they think that the horn has some magic in it I See, just due to myths which is BS Second documentary was on saving coral reefs I Don't know if you know, like everyone knows, we have to save the trees for the ozone layer and the atmosphere. But like we don't realize that actually, coral reefs which are underw trees actually are better for the environment. and we're killing all the coral reefs.

Yeah do you know about that? I know about that because I went to Thailand couple months ago and we went on like a scuba diving. everything dead to see quarrels but I saw some corals but ironically these big ships that obviously emit a lot of pollution and like oil in the water. they park right above the corals. so I was just like you guys are killing your own light.

Likelihood exactly you're shooting yourself in the foot. Same thing with Africa where like people pay a lot of money for like safaris and if the animals are all dying there's not going to be any safaris. but the poachers don't care, they're just trying to get paid. they're not thinking about like long-term effects.

No one really thinks about the longterm. this is the problem. Like even in trading you want fast money. This is why.

like Lambo money is good cuz it's like fast like you know, crypto. Like let's make fast money. Yeah you need to think about trading and life and really this whole planet. like what can you do today this month this year to really be better prepared 5 10 years down from the road and if you think like that, it's amazing.

The difference right? Like so like with coral reefs, it's not just the ships, it's actually suntan lotion. There's two chemicals in our suntan lotion. In the documentary we have this scientist really sad um he gives a stat that if you have one drop of the chemical on the you know on your skin and you go into the water and one drop of this bad chemical in a body of water the size of an Olympic siiz swimming pool kills all the coral Re oh my God So one drop versus picture of 500 people swimming with chemicals cor reefs have no chance. not to mention the ships.

not to mention golf courses. golf courses are actually terrible. Golf course so like gol courses are all green and the the grass is very low cut all with chemicals when it rains all those chemic into the water. Killing so like we're killing the coral reefs in so many different ways.

So those was our first two documentaries. Very eye openening but it's really tough to change anything. At least these chemicals are being banned more and now Rhino The Rhino population is actually up a little bit year-over-year so there there can be changes. This third documentary is in Bali where we have 52 schools, 13 homes, two recycling centers and now helping a charity that helps kids who have been trafficked.

So it's really talking about poverty and the con consequences of a lack of education. And it's really it's intense. So it's taken the past two years and you're producing, producing, starring, in, directing, narrating, editing, um is my passion project and that's what gets me up every morning like I have more than enough money I don't need to trade I don't need to teach I don't need to travel but like you know, you got one life you got to. You got to do what you love I think it's it's really inspiring that your mission like it it.

at first it's just to teach and now that you made money from that and from Trading now you're putting that into Charities to have even bigger impact outside of trading 100% and the more that you can impact people in the world, the better. Like people complain about social media like oh, it's so superficial. but superficial is just how people are like. people take it right.

like who do we? Who's the number one person on social media? Who do you think of? who's the king or queen of social media? maybe? Ty Lopez he used to be years ago, Is it? Donald Trump those two, he got his own social media I was going to go with Kim Kardashian Okay, all all the Kardashians they don't donate to anything. They're totally changing their face like all the men in their family are messed up like it's not exactly a good role model and this is what millions of girls want to be like. You know they're the richest, they marry all the like most famous people in the world. Yeah, we need to change those priorities.

So what if charity does take over? What if knowledge? What if studying takes over and people are like wow, wait a minute. Education and giving back and helping each other can take over. We've had a few viral hits like I do all the social media for my charity too and I like see what people like and it's people want guidance? They want to make the world better. They just need like pushing.

So I'm there to push. Do you do you think charity or trading or or you know, teaching students helping students? Which one of these take up the most of your time Now I mean it's all every day I trade and teach. so that's still my priority. but then when the markets Clos it's um, but it's all connected for me, right? So like it's all giving back to others.

Whether I'm giving lessons, whether I'm giving money, whether I'm you know, giving social media tips like