Well for the last few days I was going through a blog that Timothy Sykes has built.This guy Timothy Sykes is making millions out of his blog, believe it or not.Well if you want proof then here is the link of Forbes site.Well, you will be probably asking why I am writing about him as my site is related to stock market right.For those of you who do not know about Timothy Sykes, he made his first million dollars by trading penny stocks.
His blog is about penny stocks only.He writes about how he made millions in trading profits by trading penny stocks starting initially with around $ 10,000.He in his blog teaches everyone how to trade penny stocks successfully.He operates his blog from Miami.He sells penny stock trading related DVDS and conducts webinars for penny stock trading. Isn’t that amazing?Getting to teach what he likes and making millions out of it?A lot of us could only dream about it.
He started out as a penny stock trader, made millions out of his passion.Then he opened a hedge fund.But he had to close the hedge fund soon as he came to learn that his techniques are not scalable.His hedge fund was down 35%.Then he wrote a book an American Hedge fund.His blog started out as a promotion technique for his book.Later he put more emphasis on his blog as he was getting a lot of traffic.
He was featured in the popular show ‘Wall street Warriors’.For those who have not seen the series, I will recommend them to see it.It is available on YouTube.Just type in wall Street warriors.You will see how Timothy Sykes was running his hedge fund from his apartment which unfortunately he has to shut down.
Take home message:
Do what you like to do.You can only be an expert in the field on which you are really passionate about.In the case of Timothy Sykes, he is all interested in penny stock trading only.He is now selling his trading techniques and making more profits than trading penny stock itself. Of course, he is a stingy salesman.