Timothy Sykes Review
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Value
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Quality of Alerts
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Quality of Support
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Ease of Use
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Versatility
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Quality of Education
Summary
Timothy Sykes is one of the most well-known day traders in the online trading world. From using controversial marketing to sharing photos of a luxurious lifestyle, Tim certainly knows how to capture attention. This review discusses the quality of Tim’s trading service and gives recommendations on who it is best for.
Review Contents
- About Timothy Sykes
- Tim Sykes: The Marketer
- Tim’s Trading Style
- Emphasis on Education
- Video Lessons
- Timothy Sykes Chat Room
- Tim Sykes Book: An American Hedge Fund
- What Type of Trader is Timothy Sykes’ Service Best For?
- Is The Service a Good Value?
- What About the Millionaire Challenge?
- Is Timothy Sykes Legit?
- Some Twitter Buzz
About Timothy Sykes
If you’re entering the world of online trading, Timothy Sykes is generally one of the first traders you will discover. Tim has been day trading for a long time and his marketing tactics provide him with an impressive reach.
Tim Sykes started trading with his Bar Mitzvah gift money during his college years. He’s well known for turning $12,415 of gift money into over $4 million in trading profits. Tim primarily focuses on penny stocks, however his style has evolved over the years, allowing him to profit in different market conditions.
While Tim Sykes is known as a trader, he is also a prominent entrepreneur in the day trading community. Sykes has launched websites like Profit.ly, Investimonials, and StocksToTrade.
Tim Sykes: The Marketer
If you’ve been trading for some time, you’re definitely familiar with Tim and his marketing style. Love it or hate it, Tim Sykes uses marketing tactics that attract ambitious new traders to the markets. His Instagram page is plastered with images of luxury cars, exotic vacations, and even stacks of cold hard cash. Tim is well-aware of the image he has created but claims to use it as motivation for aspiring new traders. The markets can be boring so Tim focuses on the rewards of becoming a hard trader and shares photos from his luxurious lifestyle to motivate others.
Tim’s Trading Style
Sykes initially started out trading penny stocks and he is known for being one of the first prominent penny stock short sellers. As many people know, the penny stock markets can be very sketchy. The OTC markets are tarnished with shady companies who engage in paid promotion schemes, dilute their share structure, and don’t provide full transparency. Tim focuses on short selling a lot of these stocks after they experience and irrational spike or after a paid promotion scheme.
Penny stock markets are cyclical; sometimes they are a hot sector and other times they are completely dead. Accordingly, Tim has expanded his style to take advantage of other types of stocks, such as earnings winners.
Tim’s style is rooted heavily in technical analysis. Simply put, he uses stock charts to make most of his trading decisions. He also focuses on other elements such as paid promotions, earnings, and news catalysts. Tim’s approach to the markets could be described as “common sense” trading backed by technical analysis. For example, if a stock runs simply due to a paid promotion, Tim may conclude that the company is garbage and the share prices will drop right after the promotion is over.
Emphasis on Education
Tim is a strong advocate of trading education. He was one of the first traders to start providing online courses, later followed by traders like Nathan Michaud and Cameron Fous.
Tim constantly encourages his students and followers to study, study, study! It’s easy to get distracted by Tim Sykes’ flashy marketing, however he actually provides quite a bit of trading education. To date, Tim has released many trading courses, such as:
- PennyStocking
- PennyStocking Part Deux
- Tim Raw
- Spikeability
- TimFundamentals
- Learn Level 2
- TimTactics
- Read SEC Filings
- ShortStocking
There’s a lot to learn and many courses to choose from. I’ve seen most of the courses, and I would recommend PennyStocking, PennyStocking Part Deux, and ShortStocking for new traders. These three DVDs cover the basics of Tim’s style and provide the most bang for your buck.
It’s recommended to watch the trading courses as they explain Tim’s trading style in great detail. It will be easier to understand Tim’s alerts and chat room comments if you have familiarized yourself with his basic methodology.
Tim also provides video lessons in which he goes over recent trades. The videos are released weekly and stored in a video lesson library that has over 4,400 videos. It’s impossible to watch them all, but it can be helpful to search by ticker or strategy if you are trying to brush up on your trading knowledge.
Video Lessons
The video lessons provide new traders with a lot of value. One of the best parts of profit.ly is how well it is organized. You can search videos by ticker, strategy, date, etc. The video library is a gold mine – take advantage of it.
Video lessons are optional, and will cost an additional $75/month, but they are well worth it for new traders who are trying to learn.
Here is an example of one of Tim’s free lessons from YouTube
Timothy Sykes Chat Room
Timothy Sykes runs a chat room through the profit.ly website. The chat room is run by Tim and a few moderators, such as Michael Goode. Compared to other services, Tim isn’t as active as many other traders like Investors Underground and Bulls on Wall Street. Instead, Tim focuses on finding a few bigger trades (10-20%+ gains) every day.
Tim alerts his trades to his subscribers in the chat room, via email, and via phone alerts, making it easy for anyone to take action. This “alert-style” approach can be both good and bad. If you catch the alert right away, you may be able to trade similarly to Tim, however if you are late, the stock may have spiked a few cents already, making it difficult to get a good entry. Ultimately, it’s up to the individual traders to plan a good entry. Tim finds solid momentum plays but you shouldn’t aim to copy him. While it may seem simple in theory, it really doesn’t work.
The other notable trader in Timothy Sykes’ chat room is Michael Goode, one of Tim’s millionaire students. Michael Goode trades more actively than Tim and he has some great calls during the day. Tim is in and out of the room during the day, but Michael Goode is usually around.
There are also a lot of new traders in the chat room, making it a bit “noisier” than other rooms, but you can choose to focus only on moderator posts if you want to block out the noise.
Tim Sykes Book: An American Hedge Fund
Timothy Sykes has also published a book that explains his journey into the world of trading. The book, titled “An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund” explains how Tim developed his strategy and the mistakes he made along the way.
Tim explains how he started in the world of penny stocks. Eventually, his ambitions grew and he attempted to create a hedge fund. Ultimately, the hedge fund was not a success and Tim returned to his roots as a penny stock trader. The autobiographical book offers an interesting story and explains why Tim trades the way he does today.
An American Hedge Fund is for sale on Amazon for $19.99, however Tim also offers a digital copy for free on his website.
What Type of Trader is Timothy Sykes’ Service Best For?
Timothy Sykes service provides the most value for new traders. Tim understands his market and caters to them. He explains things simply, makes his trading style easy to understand, and does a good job of explaining his process.
The “alert-style” approach makes it easy for new traders to get value out of the service without sitting behind a computer throughout market hours.
Tim’s style also works well for traders who are under the Pattern Day Trader rule and have less than $25,000 in trading capital.
Traders who have a bit more experience may want to venture to a more active trading room, however Tim still provides quality alerts that can be of service.
Is The Service a Good Value?
Timothy Sykes provides two main plans:
- Tim’s Alerts – $74.95 per month
- PennyStocking Silver – $149.95 per month
This pricing actually makes Tim’s service one of the cheaper options. Don’t mistake price with quality. My guess is Tim can offer lower pricing because he has way more subscribers than most other services.
If you are new to trading, choose the PennyStocking silver package. While this package is twice the price of the Alerts package, you get 10x more value out of it because you get the video lessons.
Overall, the service is a pretty solid value, especially when compared with competing services.
What About the Millionaire Challenge?
A lot of Tim’s marketing is focused around his millionaire challenge. Tim has a few millionaire students and he is looking to help more. So, what is the millionaire challenge?
The millionaire challenge is basically Tim’s “all-in-one” plan with additional benefits as well. This program includes access to all of Tim’s DVD courses, access to the chat room, and access to private webinars with Tim and his millionaire students (Michael Goode and Tim Grittani).
You have to apply to the challenge if you are interested, however I highly doubt that anyone gets turned down. I applied to the challenge about a year ago and was accepted with no issue.
At the time I applied, the challenge cost $5000, and no payment plans or discounts were available. I decided I’d prefer to put that money towards trading so I did not join the challenge. Therefore, I can’t comment on the quality of the challenge, however the price is a bit steep for new traders.
Is Timothy Sykes Legit?
Now that you know all about the services Timothy Sykes offers, you’re probably wondering whether or not he is legit. With guys like Timothy Sykes, it can be difficult to separate the aggressive marketing messages from the actual services being offered. Tim is one of the main gurus who focuses on creating millionaires. This type of messaging is all over Tim’s marketing and his course materials. He has his Millionaire Challenge program, a course called “How to Make Millions”, and plenty of marketing materials that promote the idea that traders can become millionaires by trading penny stocks. Is there any legitimacy to these claims?
We need to break this down into a few parts.
First, we need to determine whether or not Tim is a legitimate trader who actually makes money from stock trading. There are a ton of different “gurus” out there and it can be difficult to determine who is actually legit. I would argue that Tim is actually a legitimate trader. He has been active in this industry for over a decade and he’s pretty transparent about his trades. Is Tim the best trader in the world? Definitely not… I think he would admit to this as well. Tim focuses on a niche strategy that’s designed to capture profits from short-term momentum. We’ve seen more diverse traders in the Investors Underground chat room and we’ve seen better long term stock pickers in the Motley Fool program. Tim’s trading style stands out for its simplicity. His style has been tailored for newer traders with smaller accounts. The proof of the effectiveness of his strategy can be found from his verified track record.
Timothy Sykes and Profitly
Tim Sykes is the founder of Profitly, a social trading platform and trade verification software. Sykes is both the founder of the platform and one of its key users. He verifies all of his trades on the platform and we can see he has a 75% win rate with an average gain of 7% per trade. You can see a history of all of Tim’s trades on his Profitly profile page. Tim has reported career earnings of over $5 million. It’s important to consider the length of his career. $5 million is definitely impressive, however these earnings are spread over a 20-year career. This means Tim averages $250,000/year from trading and while this is certainly an impressive feat, it’s far less than other professional traders and Tim certainly makes more money from teaching than he does from trading.
Timothy Sykes Net Worth
Timothy Sykes has an estimated net worth of $15 million. These estimations are never fully accurate but they’re close enough to satiate anyone’s curiosity. I’ve also heard Tim boast of a similar net worth at some of his conferences. We know that Tim’s trading profits account for $5 million, meaning that at least $10 million needs to come from his other businesses. Of course, Tim also has expenses, so it’s likely that more than $10 million has come from Tim’s education services and related businesses (i.e. Profitly, Investimonials, and StockstoTrade).
Tim works closely with digital marketer Neil Patel, and Neil has mentioned that Tim makes millions a month in sales. Compare that to Tim’s $250,000 average yearly trading profits and it’s clear that the bulk of Tim’s net worth comes from selling services. Of course, there is nothing wrong with generating income from teaching and providing services. Tim has clearly been effective at both teaching new traders and motivating new traders.
Because of Tim Sykes’ marketing, many traders learn about the world of trading through Tim. Tim increases the awareness of the potential of trading and he helps motivate new traders. Some of these traders move onto other services or create their own strategies but, ultimately, Tim has had a positive impact on the world of trading.
Some Twitter Buzz
Watching more @timothysykes and getting more use of #STT new user first week loving it!!!
— Ryan Wilkinson (@Wilks5812Ryan) March 30, 2017
Just started wirh the dvd's. Good repetition on this one, love it. You explain it so simple @timothysykes pic.twitter.com/QYDoK6IG2K
— Trade Jumper (@oscaralvmol) March 30, 2017
Next move… Spikeability via @timothysykes. This guy has truly opened my eyes to the value of penny stocks. Thanx #Salute #ChallengeStudent pic.twitter.com/RxkmqkAXDc
— Jae Traedz (@JaeTraedz) March 30, 2017
thanks for the review. I’ve been curious about sykes program – seen a lot of mixed reviews.
it is legit and a scam at the same time. I say that because I saw him once saw him trade a penny stock that was not volatile at all but he bought it all his followers bought it and right away he sold it again. Just taking money from his followers as nobody else was there trading it. my guess if you have to follow somebody use it as a tool to learn don’t think you will make money making the same buys.
You have to be careful with Tim Sykes. He doesn’t have a 75% success rate, not for the service I purchased. I paid $9000. for his millionaire challenge and weekly alerts the last 5 of his alerts were losers, one lost 15%. Before that maybe half made money, half lost… the alerts were advertised as his “proprietary “ system in the info commercial where people were shown to casually make money by just following his alerts…. based on his recent track record and how you traded, you could have been wiped out if you got desperate with each loss and then invested more to make up for the loss therefore accelerating your losses. I did make some money as I went against some of his calls, so I’m up but alittle confused on how to proceed cause maybe I’m up by dumb luck … I didn’t buy his service to win by betting against him, I thought his picks were almost guaranteed to make 5-15% as he claims. I’m hoping he isn’t burnt out as a trader so is now scamming people and only making money by selling programs and getting his followers to buy his picks while he sells into them to make a profit… not saying he’s doing that but who knows what’s happening behind the scenes cause the way his stock alerts are advertised are not lined up with reality.
I would love to talk to this guy, if he is available.!!! I have my friends totally interested but I can’t get a direct contact with this guy! I took a Online Trading Academy class here in southern California and all I want to do is make some money so I can move back to Colorado and be with my family.
Tim, if you get this can you please send me a personal email.
Whas the omline trading academy worth the money ??? Did the education pay off ?
zillions of hours to exhaustion, good teacher, too much irrelevant yada yada – can be taught in 4 hours not more
anyone have any feedback on the millionaire challenge?
Usual story with this one; if it looks too good to be true – it probably is.
+ $150/mnth is a lot of money!
Depends on your current situation and what you are expecting.
$150 is a lot but the proper education can save you thousands of dollars in expensive lessons.
Whether you choose to use Tim’s service, a different service, or free education, keep your expectations realistic. No one is going to make the money for you.
Let’s see – this guy claims to have thousands of followers/subscribers but has managed to create only 3 millionaires? I think I’ll put my credit card back in my wallet and move on.
The “Millionaire Challenge” is something else and I think the marketing for that is overkill. The chances of turning a few grand into a million are slim to none.
Don’t join any of these services expecting to make millions. You shouldn’t even expect to make “easy” money. Regardless of how these services are promoted, the real value comes from the education and resources they provide.
Tim provides some quality education through video lessons and watch lists – whether or not that is worth the price tag is up to you.
CORRECT
I recently sat through Tim’s Penny Stock “Summit.” There was a bad actor conducting the interview, prepared questions and a phony audience all made to look like the REAL deal. It turned out to be nothing more than a BAD infomercial. Unfortunately, because of this, I found it impossible to pull the trigger and buy the service. The shame is, it describes exactly how I would like to trade….but it wreaks of SCAM. So I sent Tim an e-mail–since he seems to like challenges so much–telling him that I would give him my credit card and he could prorate the annual fee ($3,000) and deduct $250 a month from my card for every month I made money on his picks. I never heard back. I’m NOT surprised. Caveat Emptor.
Victoria, that’s exactly what I would have done. Even going so far is to splitting the profits with my own money. This guy makes his money via his schem and nothing else. Thanks for sharing.
I just watch a few Tim Sykes videos. I have to admit, he talks very persuasively. I’ve only been a penny stock trader for a couple months, but so far I-ve only made gains. Luckily. Yes, I would like to ultimarely make some substantial cash. But, I am not willing to pay someone to teach me how to avoid making the mistakes that Im probably gonna make regardless. I’ve prepared myself for the ups & downs of stock trading. And, the best part about my new interest, is that I know when its time to quit.
I tried it and was very dissapointed. He USED to be a good trader. I spent 7k and nothing i can do! His students that do well do not use his ideas and he will never teach you to trade that well!
10,000% AGREED!
Tim is real. No BS… I met with him years ago in NYC. I watched him grow his account over the years from 30K. Just remember that 90% of traders lose money. If your not willing to dedicate your heart & soul, experience pain along the way, your better off buying an index fund. Your either all in or your not…….
TIm is kind of a dictator he does not like any negative comment on his videos. So many people write same comments on all of his videos make me believe that those profiles are fake. I was in his chat group and by the moment you ask an question or comments that contradict his strategy, you get gagged right away. No freedom of speech there.
I just watched Tim Sykes interview. The negative triggers of that interview that I detected was one, there was a clock ticking just below his interview, which I found disturbing. It is intended to make one think that if you do not invest your money with him in that time frame, you will lose out. I’ve seen this “time”method used in other financial interviews as well. Two, he showed all of his flashy cars and homes to intice the viewers into thinking that they could have all of this too. Well, I “smell a rat.”
The question that I had throughout the whole interview was how he is aware of each time one should sell a penny stock. And, if you are not right in front of your computer 24/7,that you will miss making a fortune by not selling at the right time.
Many folks don’t have $3000 to invest in his program to begin with. He tries to intice the viewer by indicating that his system worth $10,000 or even $5000 to get started. Then, makes it sound as if $3000 is a steal.
If Tim is a multi millionaire, why doesn’t he ask the viewers in investing a price that they could afford? If viewers invested only $20.00 a month, Tim would still make a fortune.
Tim has monthly subscriptions available at $75-$150/month. Don’t feel the pressure to sign up for an expensive package. You can start by testing the monthly service to see if it’s a good fit for you.
I was about to pull the trigger this morning when I received his email and watch the sensationalized video, its very enticing. $3000 non-refundable subscription for a year. Then I decided to google him for more info since I don’t know who he is and found this site!
I like his trading mentality and strategy and of course the tools he developed at a cost of $2,000.000 (can’t proved that!)
Maybe I’m leaving money on the table and will kick myself in the future or keep sleeping well at night for not been gullible.
Thanks for your posts!!
Do your research and choose a service that is best for you. As for Sykes, you don’t need to pay $3,000 upfront. You can pay between $75-$150 monthly and see how you feel about the service.
Regarding $75-$150: is it worth signing up for the classes for the extra cost?? Says there are like 4000 videos gad!
Please let me know about the $75-$150 monthly programs as l was told the cost of the Challenge program is $6700US which converted to Aussie dollars works out to be $9486. I find that too extreme for only a year subscription.
You can find the monthly programs here https://profit.ly/guru/timothysykes
Thank you for the insight I was about to pull the trigger on 3000.00 too. Now that I know there is a monthly option to use as a test run… I’ll give it a go
Just buy a copy of Peter Leeds book Penny Stocks for dummies It cost about 20..00 bucks at Amazon. He has a news letter for about 100.00 bucks a year. Check it out It’s worth it.
What is your feed back on the monthly option and have you learned anything and have you invested since then?
Hello i was wondering what I should do to start but I only get payed about 521 a week but I have bills to be payed which is about 1,000 dollars a month. Which one should I go for? I would go for the Challenge but I’m worried it will affect my ability to pay my bills.
You should never trade with money that you need to pay bills. The cost of the challenge is expensive. You can learn a lot by reviewing the video lessons in Tim’s monthly service (~$150/month). You can also focus on reviewing free education online and testing some of your skills with a stock simulator.
Note for everyone. I signed up for Tims challenge a month ago. He is to be a mentor for this program, well i would expect that since i paid him THOUSANDS of dollars. I have asked him numerous questions and never get a response. I have emailed others in his organization and never get any response. we who signed up had 3 days to cancel but in that 3 days they all did whatever they had to, to get past the 3 day park and then you were a nobody. if you just signed up and are within your 3 days yet. GET OUT NOW! GET OUT FAST! SSSSSCCCCCCCCAAAAAAAAAAAMMMMMMMMMMMMM
His program is a SCAM!!!!! STAY AWAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Agree totally with Darwin. Member for 1/12, Tim Sykes weekend picks.have lost money consistently.Costly and is a scam.
I bought the supernova program and never received it, my requests for a refund were met with ignored phone calls and emails. Big Scam, I’m out $200 and very, very upset about it.