Timothy Sykes Review

  • Value
  • Quality of Alerts
  • Quality of Support
  • Ease of Use
  • Versatility
  • Quality of Education
4.2

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.

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

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 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 has also done work with the financial media company, Agora Financial. Our Timothy Sykes review will focus on Tim’s main trading services (Pennystocking Silver) and courses.

Tim Sykes: The Marketer

If you’ve been trading for some time, you’re 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 dull, so Tim focuses on the rewards of becoming a hard trader and shares photos from his luxurious lifestyle to motivate others.

Timothy Sykes’ 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 penny stock 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 penny stocks after they experience an irrational spike or after a paid promotion scheme.

Penny stock markets are cyclical; sometimes, they are a hot sector, and other times they are entirely dead. Accordingly, Tim has expanded his style to take advantage of different types of stocks, such as earnings winners.

Tim’s trading strategy 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. This 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 continually encourages his students and followers to study, study, study! It’s easy to get distracted by Tim Sykes’ flashy marketing. However, he provides quite a bit of trading education. To date, he has released many trading courses, such as:

  • PennyStocking
  • PennyStocking Part Deux
  • Tim Raw
  • Spikeability
  • TimFundamentals
  • Learn Level 2
  • TimTactics
  • Read SEC Filings
  • ShortStocking
  • How to Make Millions

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 stock trading style and provide the most bang for your buck.

Tim Sykes Trading Courses

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 commentary 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. There is a video lesson library that includes every video Tim has ever created. You can search for videos by ticker, strategy, date, etc. The video library is a gold mine – take advantage of it. You can learn about penny stock trading, technical analysis, level 2 trading, and much more.

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.

timothy sykes video lessons

Here is an example of one of the 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 more significant trades (10-20%+ gains) every day.

timothy sykes chat room

Tim alerts his trades to his subscribers in the chat room, via email, and phone alerts, making it easy for anyone to take action. This “alert-style” approach can be both good and bad. If you catch the alerts 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 his trade alerts. While it may seem simple in theory, it doesn’t work.

The other notable trader in Timothy Sykes’ chat room is Michael Goode, one of Tim’s millionaire students. Michael Goode’s trading strategy is more active, 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.

tim sykes chatroom

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 Sykes Book

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 exciting story and explains why Tim trades the way he does today.

An American Hedge Fund is for sale on Amazon for $19.99. However, you can get a digital copy for free on Tim’s website. For the sake of this review, we won’t discuss the book too much, but it’s definitely an enjoyable read.

What Type of Trader is Timothy Sykes’ Service Best For?

Timothy Sykes’s service provides the most value for new traders. Tim understands his audience and caters to them. He explains things simply, makes his trading strategy easy to understand, and does a g job of explaining his process. He also focuses heavily on penny stocks, which many traders with small accounts are fond of.

The trade alerts make 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.

How Much is Timothy Sykes’ Training?

timothy sykes pricing

Timothy Sykes provides two membership plans:

This pricing 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. As part of our Timothy Sykes review, we looked at both memberships and found a clear winner.

If you are new to trading, choose the PennyStocking silver package. This is the best option Tim offers.While this package is twice the price of Tim’s Alerts package, you get 10x more value out of it because you get the video lessons. Pennystocking Silver subscribers get access to a library of over 6,000 video lessons. Tim will also record new lessons weekly for Pennystocking Silver members.

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?

Tim Sykes Millionaire Challenge

The bulk of our Tim Sykes review has been focused on the Pennystocking Silver membership. We believe this is the most affordable plan and delivers the most value. That said, Tim offers an “exclusive” plan that may seem enticing to some.

The millionaire challenge is 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 the Millionaire Challenge Worth It?

I find it difficult to recommend the Millionaire Challenge. While there have been students who found success with this program, I think most traders are better off sticking with the Pennystocking Silver subscription. As shown throughout our Timothy Sykes review, the PennyStocking Silver membership gives you everything you need to break into the markets.
There are over 6,000 educational videos, daily watch lists, stock alerts, and more. While the Millionaire Challange gives you access to all of Tim’s courses (as well as smaller group mentorship), it’s likely overkill for many new traders. Spending $5,000 at the beginning of your trading career is a major investment (especially if you aren’t starting with a lot of money). We certainly believe that it is worth investing in education, but you need to be reasonable.

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 challenging to separate the aggressive marketing messages from the actual services being offered. Tim is one of the leading 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? If you read Tim Sykes reviews, you will see mixed responses.

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 challenging to determine who is legit. I would argue that Tim is the real deal. He has been active in this industry for over a decade, and he’s pretty transparent about his trades. Is he 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.

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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 essential to consider the length of his career. $5 million is impressive. However, these earnings are spread over a 20-year career. This means Tim averages $250,000/year from trading, and while this is undoubtedly an impressive feat, it’s far less than other professional traders. 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 entirely 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 more than $10 million has likely come from Tim’s education services and related companies (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 been effective at both teaching new traders and motivating new traders.

Tim Sykes Revenue

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 strategies, but, ultimately, Tim has had a positive impact on the world of trading.

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