Timothy Sykes Review: My Experience Trading Penny Stocks with Tim
It’s almost impossible to search “Penny Stocks” without seeing a link to one of the Timothy Sykes websites. Tim Sykes is the pioneer of day trading chat rooms and online trading courses. Born in 1981, by the young age of 21 Sykes had turned $12,415 into $1.65 million dollars. Sykes achieved a level of success that few traders have ever achieved, especially at such a young age. He turned that success into a launching pad for building his own website, and essentially his own brand, about the potential successes that trading penny stocks can offer. Of all the chat rooms and trading courses we’ll review, none have a leader who can say they turned $12k into $1.65mil by the age of 21. It’s a real selling point that Sykes will always have. Today we will review the Timothy Sykes network of websites, his trading strategies, and his trading courses.
Timothy Sykes Review: Shorting the Penny Stocks
In contrast to what some traders might think, Sykes made his fortune by shorting penny stocks. That means he was betting on them going down! He recognized that almost all of the penny stocks that surged up anywhere from 100-1000% in a matter of days or weeks, would eventually return to the low prices. This set the stage for Sykes to work to expose penny stock frauds, scams, and promotional schemes. These unethical practices are what often drive stocks up, but of course cause them to come crashing back down in the typical Pump and Dump fashion. By learning strategies to trade these extremely volatile stocks, a trader can quickly build a small account to 6 or even 7 figures.
In the Penny Stock world there are so many scams it’s almost hard to believe. In that way, Timothy Sykes is a breath of fresh air. He is extremely transparent and verifies all of his trades using his website, Profit.ly. This allows him to directly link his broker account so students can see the profits and losses he’s experienced. Of all the chat rooms and trading courses we review, many do not provide the level of transparency as Sykes. Of course, Sykes is under added pressure to verify his claims since they are so impressive. But remember, just because somebody proves their trading history is good does not necessarily make them a good teacher. More on that later.
Timothy Sykes & Trading Guru’s
As we mentioned in our review of Cameron Fous and the Fous Alerts website, Timothy Sykes works with talented traders who have also verified their trading history on Profit.ly. As of today he has 4 trading Guru’s that sell chat room subscriptions and/or trading course DVDs in the Profit.ly network. By using this strategy of bringing traders under his umbrella, Sykes has effectively expanded his empire to include 5 traders who each could stand on their own. This gives the Timothy Sykes and Profit.ly trading websites a strong hold on the market space. However, it’s worth noting that several former Guru’s have since left Profit.ly to launch their own services, including Cameron Fous, Jason Bond, Investors Underground, and Sang Lucci, to name a few. Some of these traders have build their own trading websites as direct competition to Sykes.
The Timothy Sykes The Marketing Strategy
Tim Sykes has a very recognizable marketing strategy that we discussed in our review of Cameron Fous. If you follow Sykes on Instagram, Twitter, Facebook, or you are subscribed to his emails, you will see what I mean. He sells a lifestyle. It’s the millionaire lifestyle, a penny stock trader, self made millionaire, the dreams of most young men. Sykes drives an orange Lamborghini, flies on private jets, is surrounded by beautiful women, and has traveled the world. He’s done all of this while running his business and continuing to trade penny stocks and small caps. This is the same marketing technique the Cameron Fous with Fous Alerts uses, and in fact, it’s a strategy utilized by many other trading chat rooms who aspire to be even half as successful as Tim Sykes.
My primary concern with this strategy and lifestyle is simply that for a beginner trader, it’s really nice to have the leader of your trading chat room sitting in the room everyday providing real-time education. When they spend their time traveling and doing all this marketing, it could come at a sacrifice to daily content delivery. This is an issue we have noticed with Sykes, Fous Alerts, and the Bulls on Wall Street. For experienced traders it doesn’t distract from the value of good trade alerts, but for beginners who need a lot of hand holding, it could be difficult. With that said, the best traders are ones who are extremely driven and self motivated, therefore not needing as much hand holding to begin with.
Timothy Sykes – Creating Millionaire Students
As of today, Timothy Sykes has created several millionaire students. This is proof that his trading strategies work for him, and for his students. Since he has likely had over 10k students come through his chat room or trading course programs, the fact that there are only a handful of millionaire students indicates that success in this market is still extremely competitive. Success is only obtainable for those who study the hardest and have the most drive. Unfortunately, most students will not see 7 figure trading accounts unless they are extremely motivated. This is no different from any other trading room, and of all the trading rooms we discuss, Sykes is the only one to have several millionaire students. It’s a real testament to the education and services provided by Sykes.
Trading Chat Room
In the Timothy Sykes day trading chat room students are able to login and see real-time trade alerts by Sykes or his moderators. Since Sykes spends a great deal of time focused on building his empire, doing interviews, and traveling to maintain the marketing material that brings in new members, it’s critical that there are moderators to run the site when he’s not available. Sykes is a celebrity, and can’t be expected to spend 8hrs/day sitting in a chat room. This does mean beginner traders who want one-on-one time with the master, will likely be disappointed.
The Trading Courses offered by Sykes are in the form of live streaming DVDs. This is the standard content delivery method for most online trading courses. Having spoken with several of his trading course students, my impression is that the classes are comprehensive, detailed, but some leave students wanting a bit more of the secrets of how to find these big trades and how to manage risk on the first entries. Fortunately, Sykes has a prolific library of video lessons and trade reviews that new traders can pour over.
Final Thoughts on Timothy Sykes
As we said in the beginning of this review, you can’t research Penny Stocks or Trading Courses without seeing a link to Timothy Sykes somewhere along the way. Our primary draw backs are that firstly it feels as though the Sykes empire at times is focused more on growth and less on maintaining good content delivery for the current members. Secondly, the marketing strategy of the millionaire lifestyle, although it clearly performs well, feels inauthentic, out of reach for the majority of us. Seeing how the website owner spends all the money made from selling courses and subscriptions can raise feelings of resentment, and as a result, Sykes has earned his fair share of internet trolls. Sykes has achieved a huge amount of success at such a young age and there is no doubt he will continue to thrive in this market as he develops new websites and new services.
Timothy Sykes has been a pioneer in this industry and he’s paved the way for hundreds if not thousands of other traders to develop their own websites. Many have developed their brands modeling the success of Sykes and his millionaire lifestyle marketing strategies. We feel the Sykes brand represents honesty, integrity, and transparency. These are key elements in any trading course or trading “Guru”. The cost to trade in his community is affordable, and well worth the experience for any beginner trader interested in penny stocks.
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