Tim Sykes became a self-made millionaire by the age of 21 by trading thousands of Penny stocks. Yes, penny stocks, Wolf of Wall Street-style. Except Sykes did it legit and no sports cars were destroyed on his rise to the top.
In just a few years, Sykes $12,415 into $1.65 Million and he’s made even more since those early days of trading.
The experience led Skyes to create Profit.ly, a community of over 84,000 traders who share their performance and trades openly to help each other learn & improve and Investimonials.com, a community of over 65,000 investors & traders who have reviewed over 25,000 financial products like brokers, blogs, newsletters, websites, financial movies & commentators. It’s like Yelp, but for finance.
Skyes is the latest to contribute to our Ask A Young Entrepreneur series and sat down to talk about his experience, his failing and his advice to others just starting out.