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Penny Stock WhizzKid | My Penny Stock Blog! Penny Stock WhizzKidChat Room ReviewsPenny Stock BrokersTimothy Sykes Review 2020 is he the Real Deal?December 2, 2020 by James KellyTimothy Sykes is a well-known penny stock trader with a net worth of $15 million. The brash self-made millionaire isn’t afraid to make bold claims and promote himself on social media. His marketing tactics tends to attract haters who enjoy spreading negative energy but Tim doesn t care, he only wants to inspire and educate the world about trading. Hopefully in this review, I can help you decide if signing up for his service is worth the time and money.BackgroundBefore I start the review, it s useful to learn about his background and how he got started with penny stocks.Born in Orange, Connecticut, in 1981, Tim began trading at a young age when his parents gave him full control of his bar mitzvah gift money! His parents, thinking he would lose it all, wanted to teach him a lesson about money. Little did they know, they created a monster! Tim would later turn that sum of $12,415 into $1.65 million trading 100 s of penny stocks during the dot-com bubble.Due to his success, family and friends wanted him to invest their money. This led to Tim starting a hedge fund (the Cilantro Fund) during his last year of study at Tulane University. At its peak, the fund only had $3 million under management because short selling penny stocks isn t a scalable strategy. It s possible to make $1 to $3 million per year shorting penny stocks but not tens of millions. He was listed in Trader Monthly s 30 under 30 as of the top traders to watch on Wall Street. As you would imagine his unique story got a lot of media attention and featured in season 1 of Wall Street Warriors, a popular reality TV show.When the series aired, he received hundreds of emails from people wanting to learn about his penny stock strategy. This inspired him to write a book titled An American Hedge Fund: How I Made $2 Million as a Stock Operator Created a Hedge Fund . (The PDF version of the book was released for free online).After Wall Street Warriors, Sykes continued day trading and later launched his blog timothysykes.com. Due to strong demand, he created multiple newsletters to cater to every trader from beginner to advanced. As of now, Sykes has three newsletters Tim Alerts, Pennystocking Silver and the Millionaire Challenge.Click Here to Sign Up For Plans! Tim AlertsTim Alerts is the most basic plan. For $74.95 per month Sykes offers access to the chatroom, daily watchlist of 5-10 stocks and real-time alerts via SMS and email. The only problem is the 4,400+ video lesson library isn t included with this subscription. If you re new to stock trading, the training videos are a big loss. Most people also join thinking they can just copy alerts and bank easy profits. This won t work because penny stocks move too fast. Don t copy his trades as some gullible followers have done before. The alerts are there for guidance to help people become independent traders and thinkers. Learn by yourself how to do technical analysis, scan for stocks and build watchlists.Pennystocking SilverFor new penny stock traders, Pennystocking Silver is the most suitable plan. It includes features from Tim Alerts plus access to a massive library of 4,400+ video lessons and new weekly video lessons. While it would be time-consuming to watch all of the lessons, the lessons are full of wisdom. This is why Tim recommends studying the past to profit from the future! The patterns he teaches can be predictable and tend to repeat themselves a lot.Millionaire Challenge: Is it Worth the Price?The millionaire challenge is Tim s premium course, designed to provide more advanced training to students serious about investing in their education. Be warned though the challenge is pricey and costs a whopping $6,000. Before joining, you will need to apply for an interview to assess if you re suitable for the program.For $6,000 you receive:Millionaire Challenge DVDs: access to all of Tim Sykes DVD s, (14 last time I counted) and a copy of Trading Tickers, a highly rated DVD created by Tim Grittani.Weekly private webinars from millionaire students such as Mark Croock, Tim Grittani, Tim Lento and Michael Goode. The webinars and chatroom help minimize the learning curve, as opposed to going it alone.One year membership to Pennystocking Silver which contains 4,400 video lessons, his daily trade alerts and watchlists.Private chatroom just for challenge students which isn t full of beginners asking simple questions.Lifetime discounts on any other product purchases and conferences.I recommend signing up for Pennystocking Silver first because it s more cost-effective for new traders starting off. It doesn t make sense to spend $6,000 without even knowing the basics of penny stocks.Timothy Sykes DVDsTim has made $5.14 million from day trading alone but now earns the majority of his income from running a trading education business. The DVDs are expensive but mandatory if you want to learn his strategies. Check out his store for promotional codes and it might be worth searching eBay to find old students selling DVDs. In the past, DVDs could be downloaded for free on torrent sites but are no longer available. Below is the latest list of DVD s to purchase from the Profit.ly store.PennystockingPennystocking Part Deux (in my opinion his best DVD)ShortstockingTim RawTim FundamentalsTim Fundamentals Part DeuxTim TacticsRead SEC FilingsNew Rules of PennystockingLearn Level IIHow to Make MillionsSpikeabilityWhat is Tim s Strategy?Sykes main strategy involves short selling over hyped penny stocks to profit when they fall in price. A strategy that can be risky unless you know what you re doing because these stocks are volatile. Tim uses technical analysis to identify chart patterns that improve your odds of success in the market. An example of a chart pattern he likes is called the first red day pattern. If a stock has been green for several days and then closes the day red, many investors will soon sell causing the stock to fall. If you short on the first red day, it has potential of multiple red days meaning more profits. The key here is waiting for momentum to shift before you make your move. Sykes also likes to profit from buying breakouts, he runs a special newsletter Supernova Alerts to focus on this lucrative strategy. Overall his techniques are more suited for smaller accounts, not those with millions of dollars to invest.Is Timothy Sykes a Scam?As you would expect there are a lot of traders skeptical about his story. Over the years Tim hasn t had any trouble attracting haters because of the way he advertises to get new students. His Instagram account advertises his extravagant lifestyle, pictures of flashy cars, stacks of money and exotic vacations. A lifestyle, everybody wants to live. People often wonder if Tim is legit? Are his stock trading profits fake? Does he only make money selling products? I personally don t think Timothy Sykes is a scam. Just because he makes more money teaching instead of trading, it does not make him a fraud. He has helped create multiple millionaires through his teachings, while he s not solely responsible for their success, he played a big part in getting them started.Examples of successful students:Michael Goode started off as Tim;s first hater publicly criticising him online but then later became his first millionaire student.Tim Grittani Grittani is a day trading superstar who has turned $1500 in $6 million in 8 years.Steven Dux Dux is a very intelligent trader with an analytical mindset that has been crushing it for the past four years. Dux has turned $27,000 into $5 million in 4 years, this guy is a machine!Mark Croock Croock has gone from student to teacher and is now a part of the Millionaire challenge as a mentor.Tim Bohen the lovable rogue was an early case study in how trade successfully as a side hustle. Bohen is now the lead trainer at StocksToTrade.Roland Wolf Roland came out of nowhere back in 2017 when he turned $4,000 into $170,000. Another awesome story that inspires you to study harder.Kyle Williams one of his latest success stories to pass the six-figure milestone, Kyle has been on fire lately and will surely reach one million dollars within the next two years.Timothy Sykes is the real deal, he s been interviewed by the likes of Larry King and Steve Harvey. His trading profits are real and have been verified on Profit.ly. He can have $1,000 days, but the real question is can he teach you to make the same kind of money? Your overall success depends on how determined you will be to learn his strategies inside out. Many members join with such high expectations of becoming his next millionaire student, but the reality is they won t come close. I don t like being critical of Tim mainly because he s a cool guy, works his butt off and brings transparency to the corrupt world of penny stocks. To appear less gimmicky he should tone down his advertising and be less flashy with material objects.How Much Money Will You Need to Start?It s advised to start off with at least $2,000 because broker fees will kill your profits. To avoid the dreaded pattern day trader rule you need to deposit $25,000. To get around this rule most people open up multiple brokerage accounts to place more trades. Splitting $10,000 into five different accounts and you can make 20 trades in five business days. Avoid using offshore brokerages they re not reliable. Etrade and Interactive Brokers are the top two brokers Sykes tends to recommend to students. Ultimately it doesn t matter what broker you pick as long as you get solid trade executions and cheap commissions.ConclusionLove him or hate him; Timothy Sykes is here to stay. While you may not like his personality, he brings transparency and entertainment to finance. While his courses are expensive, this is the price you have to pay to learn from the best traders. Join for the education and not to get rich quick. Surround yourself with experienced traders and you will become a better trader yourself.Filed Under: Chat Room ReviewsTop 5 Penny Stock Podcasts to Listen to in 2021December 28, 2020 by James KellyAre you a penny stock trader looking for a podcast to boost your knowledge and find new ideas? Great, well the only problem is there aren't podcasts dedicated to covering low-priced stocks. But fear not, I have scoured the web to find the top fiveFiled Under: Penny Stocks 101Scanz Review: is this Stock Scanner Worth the Money?December 26, 2020 by James KellyScanz is a market scanning platform for financial traders. Formerly known as EquityFeed, they have been in business since 2002 and rebranded to Scanz in 2019.Whether you're a day trader or swing trader, you're always looking for ways to find newFiled Under: Trading SoftwarePaul Andreola the Master of Micro Cap InvestingDecember 24, 2020 by James KellyPaul Andreola is a highly regarded small cap investor with over 25 years experience in the industry. Similarly to Ian Cassel, the Canadian has a strong track record of discovering tiny stocks with huge potential that capture gains of 50% to 200%.Filed Under: NewslettersProfit.ly Review Is Tim Sykes Platform Worth the Hype?December 23, 2020 by James KellyProfit.ly is a website that allows traders to track their live trading performance and connects them with mentors. The platform also serves as a social community for like-minded individuals looking how to trade stocks. The community continues to growFiled Under: Chat Room ReviewsJonathan Lebed: the Poster Boy of Penny Stock ManipulationDecember 21, 2020 by James KellyCan you imagine being prosecuted by a federal agency at the young age of 15? If you want to know what that might be like, try speaking to Jonathan Lebed. Starting when he was thirteen, Lebed began trading penny stocks from his bedroom computer in theFiled Under: Penny Stocks 101Jason Bond Picks Review 2020 Can this Fraud be Trusted?December 21, 2020 by James KellyJason Bond is a day trader and a co-founder of RagingBull.com, an education business that "teaches" people how to profit from trading. Real name Jason Kowalik, he previously worked as a public school teacher in New York City for ten years. RiddledFiled Under: Chat Room ReviewsNext Page Related ArticlesTop 5 Penny Stock Podcasts to Listen to in 2021Scanz Review: is this Stock Scanner Worth the Money?Paul Andreola the Master of Micro Cap InvestingProfit.ly Review Is Tim Sykes Platform Worth the Hype?Jonathan Lebed: the Poster Boy of Penny Stock ManipulationCopyright © 2020 Penny Stock Whizzkid | About Us | Privacy Policy | Disclaimers

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