Timothy Sykes Review
Timothy Sykes is one of the most controversial discussed trading educators world-wide. His name and variations of it are entered into Google search for more than 30,000 times each month.
The chances are that you found this Timothy Sykes Review the same way. While most people are searching for his name, some also trying to figure out more about Timothy Sykes net worth. There are still many naysayers that challenge his credibility, and some consider Timothy Sykes as a scam.
But as many times, the truth lies in between, and various conclusions are possible depending on your perspective. Tim Sykes is an exceptional entrepreneur because he was able to make millions running his business. But that doesn't necessarily mean that he really makes money trading penny stocks.
In this Timothy Sykes review, I'll separate fact from fiction. I'll let you know if this penny stock bad boy will make you millions or leave you holding the bag.
Who Is Timothy Sykes?
So what do we know about Timothy Sykes, and what do we think that we know about him? His website timothysykes.com exists since 2007.
Timothy Sykes was born in 1981 in Orange, Connecticut. Later, he studied Philosophy and Business at Tulane University. He claims that he turned $12,415 into $1,650,000 in three years between 1999 and 2002.
Being part of the documentary Wall Street Warriors probably boosted his entrepreneurship sustainably.
In fact, Tim founded his company TLC Media LLC back in 2010. Profit.ly is one of his main projects ever since.
Right now, TLC Media seems to have up to 10 employees. However, I expect that the real employee count is bigger. Timothy Sykes and Michael Mosseri created the website profit.ly and here is how their about page on profit.ly looked like in 2010:
Also, Tim Sykes is definitely self-confident and never shies back from letting other people know that he makes a lot of money. Over that time, he has been featured in media outlets such as Larry King, The Steve Harvey Show, Fox News, and The New York Times.
But there is not always love from users seeing him on YouTube. While the interview at London Real was well received:
The latest interview in the LAHWF channel earned a negative comments:
That again poofs, that he polarizes people. But if you listen carefully, then you can hear some self-critical words in the video.
He commits that he is not 100% proud of how he acted in Wall Street Warriors and that he s*cked running his hedge fund Cilantro Fund Management LLC.
Also, watching the videos provided insights to penny stock trading characteristics and Timoty Sykes current tendency to prefer going long instead of short.
He also talks about his biggest profit (215k) and the biggest loss (-180k).
The most important thing is that he is authentic. He doesn't try to be someone else just for the sake being comfortable for the whole audience. Tim loves to talk a lot and fast.
Some of his students have went on to earn six-figure trading profits per year using his strategy. Tim also claims that he's helped several traders become millionaires as well. But he even commits in the video, that people who made money trading with him, don't even like or respect him for various reasons.
His marketing tactics are kind of unique...
It looks like a love/hate relationship. Either you like him, his personality and way of trading the markets, or you completely disrespect him. But now, let's take the Timothy Sykes Review a step further by looking at the products and costs.
Products | Services | Costs
Timothy Sykes services are split over two different websites. Profitly is the main starting poing. There you find three different plans:
- Tim's Alerts
- Pennystocking Silver
- Tim's Challenge
The first two products are hosted on profit.ly, while Tim's Challenge is advertised on his site timothysykes.com. Let's take a closer look by starting with Tim's Challange:
Timothy Sykes Millionaire Challenge
The Millionaire Challenge is Timothy Sykes VIP program, designed to teach the most advanced trading techniques he's mastered over the years. A subscription comes in at $197 when you apply through email.
When you read the site the first time, then it gives the impression that you can only join after an interview. But you can join the VIP List at any time for $197/month. So Timothy Sykes and his team don't put you through the interview to test your level of commitment. While the Millionaire Challenge starts at $197, a full membership is estimated in the $3,000 range.
So What Do You Get if You Make the Cut?
- Over 20 hours of video training
- Access to a handful of Timothy Sykes Millionaire Challenge Webinars
- 30-day quick start guide with over 200 downloadable resources
- Access to little known strategies
According to Timothy Sykes - with the knowledge you obtain - you can place yourself in the top echelon of traders, even if you're new to the game or never opened a brokerage account. What separates Sykes from other providers is his strategies focus on penny stocks.
That's what he always traded and never changed. But he changed his perspective shorting penny stocks. He says that the short-selling business is that crowded right now, that short squeezes happen that often that he can benefit by going long even better.
It Works like This
Investment banks and hedge funds have armies of analysts at their disposal. With that comes power, and more importantly, first access to first-hand information to help them to be faster. With penny stocks, they don't have that advantage.
Since issues are so small, large investment funds can't exploit the market because there isn't enough liquidity for them to trade. If a hedge fund tries to buy a penny stock, the price will rise rapidly because there aren't enough sellers on the other side.
Because of this, large fund managers avoid penny stocks and spend their time on equities with high volume.
This Is Where You Come In
With the majority of professional investors ignoring penny stocks, you can use Timothy Sykes trading strategies to exploit inefficiencies and carve out a profit while no institution is watching.
To get a glimpse of his strategies -- before taking the plunge into the Millionaire Program -- you can also sign up for Timothy Sykes profit.ly.
Profit.ly Tim's Alerts
A Tim's Alerts subscription comes in at $74.95 per month. Here, Sykes engages daily with subscribers through his chat room as well as updates you on his latest watchlists and the stocks he's trading in the current session.
Some benefits include:
- Daily chatroom access
- Daily 5-10 stock watchlist
- Real-time SMS, email and push alerts
- Real-time ProfiDing trade alerts
- iPhone and Android compatible
Profit.ly Pennystocking Silver
A step-up from the alerts subscription, Pennystocking Silver provides all the same benefits of his alerts plus:
- 6,000+ video lessons within his video library
- Weekly video lessons
A subscription comes in at $149.95 per month, but as with Tim's alerts you can also receive a 28% discount by opting for an annual plan. I always recommend to always start with monthly plans!
While the alerts are tailored to those that want to follow Timothy Sykes strategies, Pennystocking Silver adds to the service by combining his daily plays with theory and education.
The idea is to following his picks, then learn to spot the plays on your own. However, Tim always encourages you not to mirror his trades and instead learn his way to trade on your own.
Free Trial | Promo Code
Unfortunately, Tim Sykes does not offer a free trial for his Millionaire Challenge, Tim's Alerts or his Pennystocking Silver service. However, Tim Sykes Blog offers a wealth of information on subjects like:
- how to trade candlestick patterns
- how to spot the best penny stock opportunities and
- how to read and calculate implied volatility.
His website also has free educational material on Penny Stocking 101: How to get Started with Penny Stocks, Which Penny Stocks to Buy and How to Invest in Penny Stocks.
Upon signing up for the Millionaire Challenge, you also receive free access to Timothy Sykes book: Trading Foundations. The book includes a lot of useful information on day trading psychology and also includes case studies that help with real-life application.
Tim Sykes Checklist:
- Founded: 2007 / 2010
- Educators: Timothy Sykes
- Number of members: 3,000+
- Company Address check: 80 S.W. 8th Street Suite 2000 Miami, Florida 33130 United States (203) 980-1361
- Free trial: No
- Coupons and Promo Codes: No
- Money back guarantee: No
- Price level:$74.95/month to $3,000
- Verified income statements: No
Who is Timothy Sykes Best For?
Timothy is looking for students that are extremely dedicated and have both the time and energy to learn. More importantly, his tutelage is not a quick fix.
To perfect a winning trading strategy you need to absorb his training and continuously work to increase your skill set. You should like his mentality and personality to archive the best results.
Make sure to understand that Timothy Sykes is trading penny stocks. Due to the lack of volume most penny stocks have, prices can fluctuate within seconds by 100% and more.
While it is nearly always possible to open a position, many times it is not possible to close the position at the price you may want. Please understand, that the risk involved is extremely high.
Is Timothy Sykes Legit?
While negative press is common for anyone in the public domain, the majority of feedback has been positive. Whether it's respected media outlets or his individual clients, many people have enjoyed their experience with him.
While I am skeptical that an average trader can earn the kind of profits his members boast about, it's realistic to implement his strategies, earn a normalized return and grow your skills and confidence in the process.
As Timothy Sykes mentioned in the interview, only a few of his subscribers really watch videos or read all his blog posts. That would be quiet a challenge with a few thousands of videos and blog posts. But the more you read and listen, the better your understanding of his market perspective gets.
The price tag with $197/month is is a relative small outflow for the wealth of information you receive. You can try it out and see if it's right for you. However, please be aware of the fact, that Timothy Sykes doesn't offer any free trial or money back guarantee.
That leaves him behind the competition.
See Also: Best Trading Courses
Timothy Sykes Review Summary
I hope that the Timothy Sykes review was helpful even without in-depth information about his products. Let's see if Timothy Sykes offers me to audit his services from the inside at some point in the future. Timothy Sykes is long enough in this business to have gained tons of experiences trading the markets.
Yes, the chances are that he makes more money selling courses than trading. But the content available is probably one of the most complete about penny stock trading. And I'd expect that in the minimum basics are covered entirely.
With the low monthly pricing, the entry barrier is low. However, you should always consider starting with paper trading first. From what I have seen so far, Tim doesn't publish any account statements, nor does he share his trading screen with subscribers.
So transparency is not as good as at:
1) Weekly Money Multiplier, where Nathan Bear is sharing his whole trading screen in real-time with subscribers.
See Also: Weekly Money Multiplier Review
2) Warrior Trading, where Ross Cameron publishes his bank account statements.
See Also: Warrior Trading Review
Furthermore, if you are looking for automated trading far away from trading educators, then you should take a closer look at Trade Ideas. Trade Ideas provides hundreds of trading strategies as well as automated (full and semi) trading, charting, strategy development, backtesting and also some free services.
Timothy Sykes was the starting point of many trading educator careers. Some of his best students now teach as well. There is no proof of performance outside of his own platform profit.ly. More transparency about the pricing would be beneficial.