Key Things to Know About Timothy Sykes, Millionaire Stock Trader and Entrepreneur
Timothy sykes is a successful, popular and possibly the most flamboyant stock trader on Wall Street. His Instagram feed is filled with photos of him in luxury mansions, driving fast cars and traveling to exotic places around the world. While living this lavish lifestyle, he runs a scholarship training program where he teaches people how to trade stocks to achieve similar levels of success.
You may have also heard of Tim Sykes on the stock trading forums and blogs where people debate whether it is legitimate or not. As you might expect, his lavish lifestyle and bold claims tend to spark some skepticism about his business success and his ability to teach people how to achieve similar levels of success.
In this room we try to make a review who criticizes his success and current mission to help as many people as possible become millionaire stock traders.
Stock market experience
Tim’s claim to fame dates back to the early 2000s after turning his $ 12,415 Bar Mitzvah giveaway into a $ 1.65 million business wallet, all before earning a philosophy degree from the University of Tulane and a minor in commerce.
In 2003, Tim founded Cilantro Fund Management, a short-biased hedge fund that was earning up to 70% a year to investors at its peak. In 2006, Sykes made the â30 Under 30â list of promising traders with Traders Monthly.
After the global financial crisis of 2007/2008, Tim decided to recreate his initial success by walking away with a portfolio of $ 12,415. In his words, “I’m going to repeat my feat of turning $ 12,000 into $ 1.65 millionâ¦ The first time, it took me four years. Now it will probably take me 10 years. âInterestingly, it didn’t really take him 10 years and his lifetime trading income from that second attempt is now over $ 5 million.
Stock exchange training
Timothy Sykes offers three levels of membership in his training called; Tim’s Alerts, PennyStocking Silver and Tim Millionaire Challenge. You can also get discounts by signing up for Tim’s Alerts and PennyStocking Silver annual plans. If you are an experienced trader, you should also check out his âWatch Him Tradeâ 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 costs $ 74.95 per month. It provides access to a chat room, you get a daily stock watch list, and you receive push notifications for trade alerts. This plan is best suited for experienced traders who want to reduce the time it takes to filter stocks before they start trading. New traders may find it difficult to understand and apply the concepts and strategies provided by the Tim’s Alerts service.
Beginners and intermediate traders alike 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 of Tim’s Alerts features, PennyStocking Silver gives you access to a library of over 6,000 video lessons as well as new video lessons every week. Video lessons are especially helpful in providing you with the education needed to build a solid foundation for a successful stock market trip.
Tim’s Millionaire Challenge
Tim’s Millionaire Challenge is a premium service, which costs $ 5,000 per year. The challenge is best suited for people who want a full time living from day trading stocks. You will have direct access to Tim Sykes and some of his top students through private discussion forums and webinars. You’ll also have access to Tim’s entire video library and other resources. Tim’s Millionaire Challenge is particularly demanding, but if you’re willing to put in the time and effort, you can potentially join Tim’s long list of students who have won over $ 1 million on the scholarship.
Summarizing this review by Timothy Sykes
Tim Sykes started his career trading with penny stocks, but it is common knowledge that penny stocks could be riskier and more volatile than stocks listed on standard stock exchanges. Tim expanded his training program to extend beyond penny stocks to incorporate other more traditional assets such as winning earnings.
Tim is a vocal critic of the pump and dump systems plaguing the stock market, and he trains his students on how to identify and avoid such pitfalls. Tim’s approach to trading is based on a blend 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 most humble of stock traders, but he has good intentions and is committed to helping as many people as possible achieve financial success by teaching them his exact methods.