Stock Trading with Timothy Sykes

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In this episode of Ask the Pro Grant Cardone interviews Timothy Sykes. A millionaire by 22, he skipped college classes in favor of trading penny stocks every day—turning 12K into $2 million. Today he teaches others who want to try day trading but have no idea what they are doing. He created a community of over 84,000 traders who share their trades openly. Timothy confesses he loses 30 to 35% of the time, but being wrong is ok as long as you control it. Grant hates stock investing—it’s like gambling. People want to get rich quick. They discuss the idea of “Pump and Dump” when insiders pump up the stock, but they are not really going in. Timothy warns that if you listen to tips, you might be getting burned. People know the scam or believe the scam. Other tips offered in the show include to never try and catch the bottom or the top, to remember that hope is not a strategy, and that it’s ok to be a “coward” when it comes to day trading. It’s not investing, but it’s made Timothy a lot of money—and his students.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.