Timothy Sykes is a well known penny inventory dealer and entrepreneur. The self-made millionaire has turn into synonymous with the world of penny shares and day buying and selling. A big a part of that is right down to his continuous advertising and the way he promotes himself on social media.
Hopefully in my assessment, I may also help you resolve if signing up for his service is definitely worth the money and time.
Background
Born in Orange, Connecticut, in 1981, Tim started buying and selling at a younger age when his mother and father gave him full management of his bar mitzvah present cash! Pondering he would lose all of it, his mother and father wished to show him a lesson about cash.
Little did they know, they created a monster! Tim would later flip that sum of $12,415 into $1.65 million buying and selling 100’s of penny shares throughout the dot-com bubble. Resulting from his success, household and buddies wished him to speculate their cash. This led to Tim beginning a hedge fund (the Cilantro Fund) throughout his final yr at Tulane College.
At its peak, the fund solely had $3 million underneath administration as a result of brief promoting penny shares isn’t a scalable technique. It’s attainable to make $1 to $2 million per yr shorting penny shares not tens of thousands and thousands.
Sykes was listed in Dealer Month-to-month’s ”30 underneath 30” in 2006 as one of many prime merchants on Wall Avenue. As you’d think about his distinctive story acquired numerous media consideration which led to him starring in season 1 of Wall Avenue Warriors, a preferred actuality TV present.
When the collection aired, lots of of individuals emailed him eager to find out about penny inventory buying and selling. Later this impressed him to write down a e book titled “An American Hedge Fund: How I Made $2 Million as a Inventory Operator & Created a Hedge Fund”.
After Wall Avenue Warriors, Sykes continued day buying and selling and later launched his weblog timothysykes.com. Resulting from robust demand, he created a number of newsletters to cater to each dealer from newbie to superior.
As of now, Sykes has three subscriptions – Tim Alerts, Pennystocking Silver and the Millionaire Problem.
Click on Right here to Signal Up For Plans!
Tim Alerts
Tim Alerts is essentially the most fundamental plan. For $74.95 per 30 days Sykes affords entry to the chatroom, a day by day watchlist of 5-10 shares and real-time alerts. The one drawback is the 4,400+ video lesson library isn’t included with the subscription.
When you’re new to inventory buying and selling, the coaching movies are an enormous loss. Most individuals additionally be part of considering they’ll simply copy alerts and financial institution simple earnings. This received’t work as a result of penny shares transfer too quick. Don’t copy his trades as some gullible followers have accomplished earlier than.
The alerts are there for steerage to assist individuals turn into impartial merchants and thinkers. Study by your self the right way to do technical evaluation, scan for shares and construct watchlists.
Pennystocking Silver
For brand spanking new penny inventory merchants, Pennystocking Silver is essentially the most appropriate plan. It consists of options from Tim Alerts plus entry to an enormous library of 4,400+ video classes and new weekly video classes.
Whereas it will be time-consuming to look at the entire classes, the teachings are stuffed with knowledge. For this reason Tim recommends finding out the previous to revenue from the longer term! The patterns he teaches might be predictable and have a tendency to repeat themselves rather a lot.
Millionaire Problem: Is it Definitely worth the Value?
The millionaire problem is Tim’s premium course, designed to supply extra superior coaching to college students critical about investing of their training.
Be warned although the problem is costly and prices a whopping $6,000. Earlier than becoming a member of, you will want to use for an interview to evaluate if you happen to’re appropriate for this system.
For $6,000 you obtain:
- Millionaire Problem DVDs: entry to all of Tim Sykes DVDs, (14 final time I counted) and a replica of Buying and selling Tickers, a extremely rated DVD created by Tim Grittani.
- Weekly personal webinars from millionaire college students reminiscent of Mark Croock, Tim Grittani, Tim Lento and Michael Goode. The webinars and chatroom assist decrease the training curve, versus going it alone.
- One yr membership to Pennystocking Silver which accommodates 4,400 video classes, his day by day commerce alerts and watchlists.
- Personal chat room only for problem college students which isn’t stuffed with newbies asking easy questions.
- Lifetime reductions on some other product purchases and conferences.
I like to recommend signing up for Pennystocking Silver first as a result of it’s less expensive for brand spanking new merchants beginning off. It doesn’t make sense to spend $6,000 with out even figuring out the fundamentals of penny shares.
Timothy Sykes DVDs
Tim has made $6.1 million from day buying and selling alone however now earns the vast majority of his revenue from working a buying and selling training enterprise. The DVDs are costly however necessary if you wish to study the methods.
Try his retailer for low cost codes and it may be price looking out eBay to seek out previous college students promoting DVDs. Up to now, DVDs might be downloaded free of charge on torrent websites however are now not obtainable.
Listing of Tim’s finest DVD’s to purchase on Revenue.ly:
- Dealer Guidelines Half Deux
- Pennystocking Half Deux
- How you can Make Hundreds of thousands
- Spikeability
- Learn SEC Filings
- Study Stage II
What’s Tim’s Technique?
Sykes foremost technique includes brief promoting over hyped penny shares and earnings after they fall in worth. A technique that’s dangerous except you’re skilled as a result of these shares are risky. Tim makes use of technical evaluation to determine predictable chart patterns to enhance your odds of success on trades.
An instance of a chart sample he likes is the primary pink day sample. If a inventory has been inexperienced for a number of days after which closes the day pink, many merchants will quickly promote inflicting the inventory to fall. When you brief on the primary pink day, it has the potential of a number of pink days that means extra earnings. The important thing right here is ready for momentum to shift earlier than you make your transfer.
Sykes additionally likes to revenue from shopping for breakouts, he runs a particular e-newsletter ‘Supernova Alerts’ to concentrate on this technique. Total his strategies are extra suited to smaller accounts, not these with thousands and thousands of {dollars} to speculate.
Is Timothy Sykes a Rip-off?
As you’d count on there are numerous merchants skeptical about his story. Through the years Tim hasn’t had any bother attracting haters due to the way in which he advertises on-line. His Instagram account advertises an extravagant way of life, flashy vehicles, stacks of cash and unique holidays. A way of life, all people desires to reside.
Individuals typically surprise if Tim is legit? Are the inventory buying and selling earnings pretend? Does he solely earn a living promoting merchandise? I personally don’t suppose Timothy Sykes is a rip-off. Simply because he makes more cash educating as an alternative of buying and selling, it doesn’t make him a fraud. Enterprise is certainly booming for Sykes as he does have a internet price of $15 million!
He has helped create a number of millionaires via his teachings. Whereas he’s not solely answerable for their success, he performed an enormous half in getting them began.
Profitable College students
- Jack Kellogg – Kellogg’s been on a rampage over the previous 15 months. The ex-EMT has $6 million in buying and selling earnings and Sykes’ is continuous tweeting about his success.
- Tim Grittani – Grittani is a day buying and selling famous person who has turned $1500 in $13.4 million in 8 years.
- Steven Dux – Dux is a really clever dealer with an analytical mindset that has been crushing it for the previous 4 years. Dux has turned $27,000 into $9.3 million in 5 years, the man is a machine!
- Michael Goode – began off as Tim’s first hater publicly criticising him on-line however then later turned his first millionaire pupil.
- Tim Bohen – the lovable rogue was an early case examine in how commerce efficiently as a facet hustle. Bohen is now the lead coach at StocksToTrade.
- Kyle Williams – one of many newest success tales to move the six-figure milestone, Kyle has been on hearth currently and incomes $1,6 million day buying and selling.
Evaluation from Scholar Tessa Lamping
“I’m a pupil of Timothy Sykes via his Millionaire Masters Program and Market Mastery 2020. I consider in investing in your training and setting excessive targets as you’re sure to succeed in additional than most may think about.
When you apply for his problem and ask for an electronic mail of what the is included, you’ll have entry to greater than what’s listed on this publish. It’s definitely worth the worth as I wrote a weblog publish explaining how the problem is definitely a deal that saves you cash in the long term.
Additionally, the PDT rule is there to guard new merchants from over buying and selling and blowing up their account. A majority of Tim’s college students started underneath this rule and it has helped them with their self-discipline. I completely LOVE being a pupil and I like to recommend becoming a member of. Investing in your training holds you accountable and drives your motivation to succeed in your targets of success.
There are over 6k+ video classes underneath Pennystocking Silver and I’ve watched over 4k+ and counting. Within the problem you’ve entry to extra pupil webinars than listed on this publish. I extremely suggest devoted college students emailing Timothy Sykes’ group and requesting info or asking questions if you happen to can’t discover the data you’re in search of on Revenue.ly.
They’re very pleasant and glad to assist. It could take a while for them to reply as they’re so busy, however turning into a VIP pupil of Tim’s when making use of for his problem provides you with entrance row seats.
I’m additionally a VIP pupil. Total, Tim is a superb instructor and I’m having success together with his methods and studying to turn into independent! I may write ceaselessly about how this is a chance of a lifetime!”
How A lot Cash Will You Have to Begin?
It’s suggested to begin off with not less than $2,000 as a result of dealer charges will kill your earnings. To keep away from the sample day dealer rule that you must deposit $25,000. To get across the rule most individuals open up a number of brokerage accounts to put extra trades.
E-Commerce and Interactive Brokers are the highest two brokers Sykes recommends to college students. In the end it doesn’t matter what dealer you choose so long as you get stable commerce executions and low-cost commissions.
Conclusion
Timothy Sykes is the true deal, he’s been interviewed by the likes of Larry King and Steve Harvey. His buying and selling earnings are actual and have been verified on Revenue.ly.
He can have $1,000 days, however the true query is can he train you to make the identical sort of cash? Your general success depends upon how decided you’ll be to study the methods inside out. Be part of for the training and to not get wealthy fast. Encompass your self with skilled merchants and you’ll turn into a greater dealer your self.
James Kelly is my title and penny shares are my recreation! Former day dealer turned long-term investor with a decade of expertise out there. Through the years, I’ve joined dozens of buying and selling providers and I goal to supply trustworthy critiques to assist merchants make higher choices!
