William Karaman is a 22-year-old day trader, entrepreneur and owner of Traders Society, a day trading chatroom and educational program that teaches beginners how to trade penny stocks and options. Will got involved with the stock market at 12 years old and has spent the last ten years to learning his craft.

Will realises how much it easier/safer it is to make money teaching instead of trading, let’s not forget selling education is a lucrative business. With all that recurring monthly income, you could easily do over three figures per year in revenue without having to risk money. Nowadays, Twitter is littered with these”day trading mentors” trying selling expensive courses despite having a limited track record.

Caught Paper Trading?

I first came across young William on Twitter, he had a few thousand followers and was posting some impressive profits. What really caught my attention was when he live-streamed his $50,000 profit shorting AWX. AWX was a stock that was hard to borrow but Centerpoint did have shares to short during pre-market hours. The problem is Will forgot to change his route from ‘MARKET’ to a route that was available. Centrepoint later tweeted out they didn’t offer a route called ‘MARKET’, meaning that it was a paper trade on a demo account. Centrepoint, also tweeted out they were in communication with a lawyer regarding Karaman spreading misleading information about their brokerage.

Old StockTwits Profile

On June 2018, he tweeted out when he makes his first million he will be buying a certain watch in all silver. This contradicts his old account on Stocktwits from 2016, claiming that he turned $4,000 into $1.4 million in under 3 years. Taking the shady approach of using false claims to build a business.

Poor Customer Service

Below is a screenshot from Will’s discord chatroom. Apparently, he got annoyed by a member repeatedly asking to show proof of his track record. Can’t believe this is how Will treated a paying customer who spent $1700 to join his service. I’m more shocked at how someone could waste $1700 when there are so many free resources online!

TV Appearance

Armstrong Williams invited Will, his family and Bjorn Brooks (successful student) onto his TV show. By “invited” I mean he probably had to pay to get interviewed, TV shows don’t normally invite people on for free to promote their businesses. At first, he was giving very short generic answers to questions from the host but towards the end couldn’t stop talking! Mainly they discussed how his strategies work and what it takes to become a successful trader. His sister and Dad talked for about a minute and Bjorn (who looked like he was held hostage) chimed in with some words of wisdom. (Take a drink every time the phrase “history tends to repeat itself” is repeated).

Ending Thoughts

I don’t have anything against Will personally but he does open himself to criticism by aggressively promoting his service online. The kid does have an army of haters monitoring his every move, eager to highlight any of his mistakes. To stop all the hate, Will should simply share brokerage statements to verify his track record. This is the only way he will be taken seriously, screenshots are not sufficient.

Do you think Will Karaman is a scam? Let us know what you think in the comment section!

Timothy 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.

Background

Before 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 money on their behalves. 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”. (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 Alerts

Tim 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 Silver

For 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 asses if you’re a fit 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 to sense to spend $6,000 without even knowing the basics of penny stocks.

Timothy Sykes DVDs

Tim 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.

• Pennystocking
• Pennystocking Part Deux (in my opinion his best DVD)
• Shortstocking
• Tim Raw
• Tim Fundamentals
• Tim Fundamentals Part Deux
• Tim Tactics
• Read SEC Filings
• New Rules of Pennystocking
• Learn Level II
• How to Make Millions
• Spikeability

What 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 hater 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 apart 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 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 of with least $2,000 because broker fees will kills 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 broker 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.

Conclusion

Love 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.

Ross Cameron

Warrior Trading is another one of those online day trading communities that sell trading courses mainly targeted toward beginners. Ross Cameron the red-haired, scruffy looking dude behind the company and employs other mentors to teach different strategies for trading small cap stocks. It originally started out just as a blog back in 2012 and over the last five years has gone to become one of the most well-known live day trading chat rooms on the web. Clearly, he must be doing something right, but questions remain, is his service popular because he provides the best stock market education or is it because he’s a clever marketer. Personally, I think it could be a mix of both components but I am skeptical due to the abundance of fraudsters on the internet selling courses to schmucks and not showing verified profits or brokerage statements to back-up controversial claims.

Their mission is to create 50,000 full-time traders by 2020, this is a very ambitious statement but apparently, they have 500,000 members so it’s not as crazy as it sounds. I think they’ll be doing well to help 5,000 people quit their jobs and trade the markets full-time from home. According to a survey from 100 randomly selected graduates from the Warrior Pro group, a staggering 82% who completed the class ended up becoming profitable traders. This could be true or they could have purposely cherry picked their top graduates as an 82% success rate sounds far fetched.

The Team

Ross is the main guy and founder, he follows 3 simple strategies – gap and go, reversal and momentum. These are easy to learn and spot but that doesn’t make them easy to make money with. He employs two main instructors as he can’t teach 5,000 students all at once. Mike Herman trades news driven momentum stocks above $20 using technical analysis and market sentiment to gain an edge. Jeff Foster is a swing trader with 9 years experience, Jeff likes to play high volume momentum stocks with solid chart setups and is constantly testing new strategies to stay ahead. From reading other reviews from past customers these two guys have been highlighted as the best instructors to follow.

Warrior Trading Chat Room Overview

They have three different pricing options starting at $149 per month, $297 per quarter and $897 annually, bonuses are offered for those crazy people who decide to join on an annual basis. If you’re thinking of signing up, I recommend going through all their free content on Youtube as well as reading blog posts, you’ll need to pay to learn the more dense material. Also, they offer a 7 day free trial and you can use the coupon code “300OFF” to save $300.

The chatroom is very active with an average of 1,000 people on a daily basis, it’s composed of people with varying degrees of experience, from novice to veteran traders. It’s useful for beginners to follow the live market commentary from Ross to grasp a better understanding of the basics. Every morning a watch list is posted at 9:00 am, then at 12pm he provides a mid-day recap followed by a short Q&A session so everyone is up to speed. Due to the amount of activity in the chat-room, there are about a dozen moderators to help deal with the volume of questions. The most asked questions are always related to finding the best broker, FYI the top 3 penny stock brokers recommended are normally Trade Zero, SpeedTrader and Interactive Brokers.

The most important topics thought to new members are risk management, stock selection, chart patterns and Level 2. Risk management is the sole reason 90% of traders blow up their accounts, never place a trade unless the setup offers a favorable risk to reward ratio. Cameron reiterates a 2:1 profit loss ratio is key to success, in theory this sounds simple to adhere to but requires a lot of discipline. Once you understand risk management the next step is stock selection, it’s all about finding low float stocks between $1.50 to $10, moving 20-30% in a single day. Ross compiles a list of 3-5 volatile stocks that he expects will be hot on a certain day, he uses a scanner from trade-ideas.com to discover these setups. This scanner is super expensive and monthly plans cost $188 per month, very few members are starting off with small accounts so they won’t be able to afford this. The final piece of the jigsaw is chart patterns, some of the breakout chart patterns they teach include bull flags, flat tops, flat bottoms, bear flags and ascending + descending wedges. In addition, they also sell advanced online training classes to those more serious about investing in their education, Warrior Pro costs $4,299 and the exclusive Inner Circle fee is $9,997 per year.

Is Warrior Trading a Scam?

Calling Warrior Trading a scam is inaccurate but is a well-oiled marketing machine run by Ross whose main goal is to make money. The whole concept of quitting your job and having the freedom to travel the world by trading on your laptop by a beach is a major selling point in their sales pages. I can’t seem to escape his advertisements, Facebook ads promoting free e-books + pre-recorded webinars follow me around on every page I visit and for some strange reason, his YouTube videos appear in my recommended video list quite frequently. He must spend a fortune on paid ads, web designers and copywriters to achieve so much coverage. Also, I don’t really like the way he implements high-pressure sales tactics to persuade people to join his webinars that show how he made $100,000 in 45 days, they create a false sense of scarcity by claiming there are only limited places left when in reality unlimited spots available. It’s obviously a clever tactic used by other guru’s like Jason Bond and Investors Underground to increase revenue by motivating customers to take action instantly before the opportunity is removed, it’s not illegal but it’s kind of sketchy. Another thing I noticed is he has a good understanding of how to rank websites on Google and owns multiple one-page websites purely created to outrank webpages who talk negatively about his brand.

Brokerage Statements

Despite all the controversial claims and click-bait headlines, Ross has actually posted proof on his blog to verify all of his profits for 2016 and 2017. Even though he is fully transparent and publicly shows his trades, haters will always doubt his success and want more proof. Haters dislike the fact how much he makes selling high-priced products and by now Ross has a net worth close to $4 million from his business.

Negative Reviews

Due to his success, Ross has had thousands of customers so it’s unlikely he’s able to please everyone, he can’t reply to every email as there are only 24 hours in a day. Just because he receives a few complaints it does not make him a scam but you should definitely take heed of the criticisms of his service. Luckily there are websites such as Trust Pilot and Investimonials where past customers leave reviews, always be skeptical of overly positive ratings as it’s common for gurus to encourage members to give them good ratings by giving away free bonuses and trials. Also, rivals and haters like to leave bad ratings to unfairly damage his reputation purely out of jealousy.

Ross Cameron vs Tim Sykes

Both guys have made millions selling educational courses, they have proved they can be profitable traders so they decided to become online entrepreneurs to monetize their knowledge of trading. It’s a lot easier and significantly less risky to make millions selling subscriptions than it is trading penny stocks. Tim Sykes was the original pioneer of selling educational material such as DVD’s and a newsletter for small cap stocks, his aggressive marketing and lavish lifestyle did not go unnoticed, Bloomberg even labelled him a “millionaire douche bag” in an article that attracted even more customers to his business. On the other hand, Ross is a chilled, laid-back person who doesn’t drive around in a Lamborghini for attention. He markets himself as an average Joe which appeals to a lot more people but clearly is an intelligent person so his results won’t be easily duplicated.

More than likely Timothy Sykes was a big inspiration for Cameron, he realized there are millions to be made as an entrepreneur and copied Sykes’ business model. If you look at both their websites, they are quite similar with banner ads of recent trading results, case studies of successful students and pop up ads asking your email address to continuously bombard you with emails. Once you leave their websites their re-marketing adverts follow you around until you give up and finally join. They both also cherry-pick successful students and heavily promote them, it would make no sense to profile members losing money but these testimonials are supposed to inspire new students but ultimately lead to new subscribers joining with unrealistic expectations. Most sign up thinking they can just copy their alerts and bank easy profits not realizing that penny stocks are volatile so you won’t receive the same entry and exit points. The problem is the majority of subscribers who join don’t possess the required traits to succeed and aren’t willing to put in the effort to become a consistently profitable trader, if you fail it’s entirely your own fault!

Bulls on Wall Street is a day trading education company set up by Kunal Desai in 2009, an experienced trader with an estimated net worth of $4 million. They currently sell online trading courses to young, naive wannabe traders, teaching them the fundamentals of day trading through multiple options such as chat rooms, webinars, online video lessons, and boot camps. Most likely you discovered Kunal through his marketing video below on Youtube that portrays this cool trader lifestyle of him driving a blue Porsche 911 and showing off his boat. His buddy Cameron Fous and Tim Sykes also employ similar marketing tactics to sell subscriptions and events.

In this article, I will show you exactly what I think about Bulls on Wall Street and give you an overview of the pros and cons of the program. You will learn about their products and whether or not they are just blatant scam artists looking to sell over-priced courses to suckers.

What Exactly Does BullsonWallStreet Offer?

The main program which BOWS promote heavily is the 60 Day Trader Bootcamp, it is a hands-on training course that shows you 15 different trade setups in live action. Kunal Desai hosts about 4 to 5 bootcamps annually and everything is done live. Nothing is pre-recorded.

60 Day Bootcamp Overview

This course is loaded with tons of material but is very pricey:

• 28 Live Webinars
• Q&A Sessions
• Quzzies & Homework
• Daily market recaps
• A real-time trading simulator
• Personalized Trade Plans
• And Access to a personalized student community

Although there is some useful content, it is crazy expensive. That’s probably why the price isn’t listed on their website and you must inquire to find out the cost. It turns out it will set you back a whopping $3000, it’s definitely not worth that price tag, you can easily find a cheaper alternative to learn similar information. A good tip is to check eBay as past members often sell courses at a massive discount.

They back up this outrageous price by claiming you get the opportunity to watch a millionaire trade live and you could duplicate his success by following his exact strategies. They charge a hefty fee and it’s unlikely you’ll ever recover back the costs. They claim you should be able to learn enough to make back your investment with profitable trades.

If you really want to take a course, then I recommend the cheaper Intro to Trading Course for $149. You’ll cover all the basics of day trading for beginner & intermediate traders. This is a far better value than the main $3,000 bootcamp.

Bulls Vision: Live Day Trade Alerts

They also offer day trade alerts called Bulls Vision, which is more practical and for traders with no prior knowledge and experience. They send out daily “buy and short” alerts to help you make better decisions. They also provide a live chatroom so you can discuss your trades with other members.

In my opinion, I feel the day trade alerts are the most useful product. With so many educational programs out there, you don’t have to spend a fortune on the basics. The biggest problem starting off lies in a trader’s behavior: knowing when and what to trade.

BullonWallStreet solves a difficult problem for beginners at a relatively affordable price. You can sign up for a monthly plan for $139, avoid purchasing the annual plan for $749 because after a few months you will learn enough to think for yourself.

Swing Trade Alerts

They offer a newer program called Swing Trade Alerts for those who don’t want to sit at the computer all day. Swing traders hold a position for a few days so you only have to make 2 or 3 trades per week. This is a suitable alternative for the average person who have full-time jobs and can’t follow the market.

The program is taught by Paul Singh, an 18-year swing trading veteran who apparently generates 20% ROI monthly, although Paul hasn’t verified these claims or shown verified profits to back up these claims.

Things I Like About BullsonWallStreet

One of the biggest benefits to joining BOWS is getting hands-on live training from a stock market veteran who has a vast amount of experience. His students love his high energy and live teaching methods. You get to know Kunal and talk to him 1 v 1. This is very different from most educational companies that tend to neglect their customers once they’ve signed up and only offer basic support. Customer support is definitely the strongest USP.

New traders could benefit from his live trading alerts. Most people don’t have time to sit at the computer all day and search for setups. A lot of people would rather receive profitable trade ideas via email and live chat rather than doing the research themselves.

Things I Dislike 

Upon doing much research I came across TradingSchools review, he calls BullsonWallStreet a major scam and bashes his Hedge Fund/prop firm Clique Fund. The blogger makes some pretty bold claims, some of which I agree with but he doesn’t have proof of to back-up all of his accusations.

I’m not exactly sure how accurate they are, but it does make me wonder about Kunal’s company. He sells the dream of living a rich trader lifestyle, but does he actually back up his claims?

I’ve read lots of positive reviews about his service so this article is the only major blemish. It mainly speaks negatively about the 60 Day Trading Bootcamp, not the swing trade or day trade alerts.

Final Verdict: Sign Up Alerts, Skip the Course

In conclusion, I would recommend skipping the expensive $3,000 Bootcamp because there are too many skeptical claims and slightly negative reviews. Not to mention that $3,000 is a crazy amount of money for a day trading course. It could be claimed that most of the information could be found in books & through free videos on YouTube.

I do recommend signing up for his day & swing trading alerts because this helps you learn exactly how Kunal is thinking, plus gives you actionable stocks to trade. Focus on learning instead of how much profits you are making during the early stages and it’s best to start out with a paper trading account.

I hope Kunal addresses the highly negative article from TradingSchools to clarify the situation. At the end of day, Kunal is a good trader but he’s more of an entrepreneur who makes the majority of his net worth through selling training. This is why he and Tim Sykes attract so many haters online, they make millions per year teaching instead of trading. If you’re thinking about signing up, BOWS does offer a free trial so you can try it out for free before spending your hard earned cash.