Timothy Sykes is a well-known stock trader. He is notable for making over $1.5 million dollars in trading profits while in Tulane University studying Philosophy and a minor program in Business. Tim Sykes used $12,000 in Bar Mitzvah money to achieve such a feat. He initially started with penny stocks and later on ventured into other kinds of stocks. Tim has been one notable trading figured to be reckoned with by CNBC, CNN, Forbes, Larry King, Steve Harvey and other bodies. Despite the fact that Tim is a penny stock trader, he is also an entrepreneur and financial educator. He has several websites linked to his achievements. These include Investimonials, StocksToTrade and the popular one Profit.ly. His services are being provided through his main website - timothysykes.com. In this article, we will cover all you need to know about Tim Sykes include a scam review.
Timothy Sykes's Initial Trading Style
Tim started trading with penny stocks. His major focus involves short-selling pump and dump penny stocks, which later made him highly recognized in this field. He shorts a variety of these stocks during the occurrence of irrational spikes or the launching of paid promotions. That way, he rides on the stock momentum for the time being and then short-sells it as soon as the campaign comes to a close. As the years progressed, he imparted the same knowledge and other valuable tips in his students, that covered ways they can profit from different stocks.
Sykes's Take On Education
Sykes is a strong supporter of trading education. Via his platform, you have access to several online courses. Even his students are always reminded on the importance of acquiring more valuable knowledge on a daily basis. You may constantly come across flashy content but his content are unique and insightful.
Over the years, he has released a lot of trading courses that include Tim Raw, Level 2, and PennyStocking Silver. There are also other courses that are available such as TimTactics, ShortStocking, PennyStocking Part Deux, and TimFundamentals. Each of these courses are rich as well as exhaustive. Newbies and expert traders will appreciate these courses.
Video Lessons
All the courses offer video lessons which are well organized and easy to locate. A lot of experienced subscribers on his platform advise utilizing the video lessons that are on Profit.ly. These videos guide traders on how to become better in their careers.
Who Can Be Eligible For Tim Sykes's Services?
There is a lot that newbies stand to gain from Tim Sykes's services. These services are tailored to guide and mentor traders new to trading on various stock trading lessons they can optimize to boost their trading careers. In teaching traders, an alert-style approach is being implemented by Tim; that way, traders stay up-to-date with current trends in the stock market.
This type of service is ideal for individuals with less that $20,000 in trading capital. This service even offers a lot of benefits to experienced traders - the reason being that the Tim's alerts are classified as high-quality. It is important to note that a lot of patience and hard work is needed to day-trade. However, with the right knowledge and training, you are good to go as a stock trader, thereby increasing your chances of achieving success.
Amongst all trading educators, Tim Sykes is one of the best options available. Nevertheless, you need to contribute your own quota towards becoming a successful trader.
Trading Tips From Tim Sykes Himself
Here are some take-home tips from Tim Sykes you can implement to improve your trades:
- You can buy into hype, especially in cases of real breakouts. However, do not believe every hype.
- Regardless of your feelings about some of these stock companies, ensure that you are not biased trading when there are setups from the chart patterns.
- Be on the lookout for true breakouts, that way you can still make profits even when your timing is not too perfect.
- Never trade based on mid-day spikes, especially during a bearish market. It is ideal for you to be patient and then take trades at afternoon periods. This way, even though you end up missing some entry-level points, you are still protected from random or false spikes.
- Finding it hard to believe that Tim turned $12,000 in Bar Mitzvah funds to over one million dollars via numerous trades without the use of leverage doesn't mean that it is not true. It also doesn't imply that he will not teach others to achieve better results than him.
- It is not ideal to randomly select stocks. You should be able to recognize patterns and understand the variables behind those patterns.
- You can short early - which may be painful when the trade still has more profit potential. However, do not cover your entire position too early. As soon as the hype ends, what will be left would be the POS company - and you would not want that.
- If the price movement of a stock does not go according to your plan, it is best that you exit the market. Do not try to salvage your trades by hanging on and hoping the tides flow in your favour. That would be financially disastrous.
- Avoid short-selling a stock based on your feeling that there would be a fall in its prices. It is ideal that you rely on price action to give you the right possible entry point.
- Let your main focus be on real breakouts. Try to filter the market noise so you don't become a victim of false spikes. In a case scenario where you enter a false breakout, cut your losses by exiting the market
- If you have a small trading account, then it's best that you focus your attention on lower priced stocks. That way predictions become easier without sentiments.
- In the case of intraday commitments, then it's best not to invest your hard earned money in trading. Trading requires an undivided attention.
- You should know that the market is never wrong, although a trader can.
- Whatever you do, do not short-sell in the morning. That would be a financial disaster waiting to happen.
- Before you place an order, make sure that you double-check your limits.
These are some of the tips that will guide you towards becoming a successful trader. If you wish to know more about the services that are offered by Tim Sykes, or want to get started today, please check out this link: Timothy Sykes - Is He A Scam?
Having come to an end of this review, we can confidently state that Timothy Sykes is the real deal. His services are top-notch and profitable to those that are committed to optimizing them.
