Pennystocking Silver is Tim Sykes’ premium subscription service teaching the art of trading penny stocks. The subscription includes everything from the Tim Alerts plan plus access to the 7,000+ video lesson library and weekly video lessons.
Started over 10 years ago, Pennystocking Silver is one of the top newsletters for traders serious about day trading penny stocks. Although the newsletter is highly rated, I don’t think it’s suitable for everyone.
In my review, we’ll cover everything you need to know before signing up.
About Tim Sykes
Tim Sykes is without doubt the most famous penny stock trader in the world. Google the word “penny stocks” and his face or website will appear somewhere.
He first got started trading in the midst of the dotcom bubble when stocks were surging! During this time Sykes turned his bar mitzvah gift money of $12,000 into well over $1 million buying stocks that were breaking out!
Once the bubble burst he was one of the few who managed to keep his fortune. In the years following, Tim built up his experience day trading volatile stocks, finding new chart patterns and strategies to build his wealth.
He set up an educational business, teaching others how to profit using his strategies. Over the years, Sykes has mentored thousands of traders across the globe with the majority of them located in the US.
Some of his students have gone on to become hugely successful, a handful have even become millionaires. These students include Tim Grittani, Michael Goode and Steven Dux who all started their journey with Pennystocking Silver.
What’s included with Pennystocking Silver for $149.95?
Pennystocking Silver is more than just a newsletter that sends out trade alerts. It’s evolved into a learning platform that helps traders become independent thinkers. Rather than waiting for Sykes’ to share alerts you’ll start thinking for yourself and adopting the strategies to become successful.
Access to Chat Room
Members get access to the chat room packed full of experienced traders along with beginners. The chat room is a great place to see live trades, get commentary. At times the chat can become overwhelming. I advise filtering out the noise and only following the top traders and moderators.
Moderators I recommend following:
Subscribers will also receive Sykes’ daily watchlist of the top 5-10 penny stocks to trade along with commentary. For each stock on the watchlist Tim will outline what the company does, why it’s in play and review the charts.
Based on the research it will help you focus your attention on a group of stocks that could soon make big moves. Typically it’s 5-10 stocks, anything more than that is difficult to follow. After a few months, you’ll be able to perform your own research and find plays before Sykes.
Live Trade Alerts
Anytime Sykes buys or sells a stock, you’ll get real-time updates through text, email or push alerts. The problem with the alerts is members blindly try to copy the trades and can lose money because penny stocks are volatile. The purpose of the alerts is to study Sykes’ trades to gain a better insight into how his strategies work.
Video Lesson Library
Arguably the most valuable part of Pennystocking Silver is the extensive video lesson library. The library contains over 7,000 lessons, covering every aspect of penny stock trading. While the videos are outdated, reviewing historical trades is an excellent way to improve your knowledge.
Previously the video tutorials were very disorganized, which made it difficult for members. Luckily now the video lessons are categorized by topic so you can study certain chart patterns such as morning spikes, supernovas, breakouts and afternoon fades etc.
Weekly Video Lessons
Every week Timothy Sykes posts recap videos to the members’ area reviewing trades and technical analysis. These videos are later categorized and added to the video lesson library. Ideal for traders looking for the real-time analysis of hot penny stocks.
To find more reviews of Pennystocking Silver from current subscribers – Investimonials and TrustPilot are both excellent websites to use. Reddit is another useful site for brutally honest opinions.
Don’t fancy paying full price? The coupon code BLOWOUT will save you 30% on the yearly plan – the total cost would be $907.90 for 12 months.
Unfortunately there are no discounts or free trials available for the monthly plans. Sykes does tend to have sales around public holidays – Christmas and July 4th are the best times for discounts.