Timothy Sykes is a successful, popular, and probably the most flamboyant stock trader on Wall Street. His Instagram feed is filled with pictures of him in luxury mansions, driving fast cars, and traveling to exotic locations around the world.While living this lavish lifestyle, he runs a stock trading training program where he teaches people how to trade stocks to achieve similar levels of succes
You might also have heard about Tim Sykes from stock trading forums and blogs where people debate whether he is legitimate or not. Expectedly, his lavish lifestyle and bold claims tend to attract some skepticism about his trading success and his ability to teach people how to achieve similar levels of success.
In this piece, we attempt to do a review that critiques his success and his current mission to help as many people as possible become millionaire stock traders.
Stock trading experience
Tim’s claim to fame goes back to the early 2000s after he turned his $12,415 Bar Mitzvah gift money into a $1.65 million trading portfolio, all before he graduated from Tulane University with a degree in Philosophy and a business minor.
In 2003, Tim founded Cilantro Fund Management, a short-bias hedge fund that was returning as much as 70% per annum to investors at the heights of its success. In 2006, Sykes made the “30 Under 30” list of up-and-coming traders with Traders Monthly.
After the global financial crisis of 2007/2008, Tim decided to recreate his original success by starting again with a $12,415 portfolio. In his words, “I am going to repeat my feat of turning $12,000 into $1.65 million… The first time it took me four years. Now it will probably take me 10 years.” Interestingly, it didn’t quite take him 10 years and his lifetime trading earnings from that second attempt is now in excess of $5 million.
Stock trading training
Timothy Sykes offers three membership levels in his training called; Tim’s Alerts, PennyStocking Silver, and Tim’s Millionaire Challenge. You can also get discounts by signing up for the annual plans of Tim’s Alerts and PennyStocking Silver. If you an experienced trader, you should also check out his “Watch Him Trade” plan, which gives you access to his live trades every morning for $99 per month.
Tim’s Alert is the basic version of Tim’s training program and it costs $74.95 per month. It provides access to a chatroom, you get a daily stock watchlist, and you get push notifications for trade alerts. This plan is best suited for experienced traders who want to cut down the time it takes to screen stocks before they start trading. New traders may find it hard to understand and apply the concepts and strategies that Tim’s Alerts service provides.
Beginners and intermediate traders will find the PennyStocking Silver plan incredibly useful. Pennystocking Silver costs $149.95 per month but you can get a discount with the annual plan. In addition to accessing all the features in Tim’s Alerts, PennyStocking Silver provides you with access to a library of more than 6000 video lessons as well as new video lessons every week. The video lessons are especially useful in providing you with the education necessary to build a solid foundation for a successful stock trading journey.
Tim’s Millionaire Challenge
Tim’s Millionaire Challenge is a premium service, which costs $5000 per year. The Challenge is best suited for people that want to make a full time living from day trading stocks. You’ll have direct access to Tim Sykes and some of his best students via private chatrooms and webinars. You’ll also have access to all the library of Tim’s videos and other resources. Tim’s Millionaire Challenge is especially demanding, but if you are willing to put in the time and effort, you can potentially join the long list of Tim’s students who have made more than $1 million in the stock market.
Summarizing this Timothy Sykes review
Tim Sykes started his trading career with penny stocks, but it is common knowledge that penny stocks could be riskier and more volatile than stocks listed on standard exchanges. Tim has grown his training program to extend beyond penny stocks to incorporate other more traditional assets such as earnings winners.
Tim is a vocal critic of the pump and dump schemes that pervade the penny stock market and he trains his students on how to identify and avoid such pitfalls. Tim’s approach to trading is based on a mix of technical and fundamental analysis to find opportunities for smart trading decisions by spotting chart patterns and news catalysts.
Tim may not necessarily be the humblest of stock traders, but he has good intentions and he is committed to helping as many people as possible achieve financial success by teaching them his exact methods.