Timothy Sykes is a penny stock trader and entrepreneur with a net worth of $20 million as estimated by Forbes. The 39-year-old is an outspoken character well-known within the day trading community for turning $12,000 into $5.6 million with penny stocks. His unique story and entertaining personality led to him featuring on Wall Street Warriors, a reality TV Series starring up and coming traders on Wall Street. During filming Sykes was fresh out of college, running a small cap hedge fund out of his New York apartment. The show was a cult hit and the publicity served as a huge launching pad for Tim’s education business. After the show aired, he received hundreds of emails from people wanting to learn how to trade penny stocks. Flash forward to 2020, Tim now has thousands of students around the globe and helped create four millionaire students.
Tim Sykes has proven himself to be quite the entrepreneur with multiple ventures to earn extra income.
Book – An American Hedge Fund
To capitalize on the hype after Wall Street Warriors, Sykes self-published a book detailing his journey to penny stock millionaire and the failure of his hedge fund. The book is an interesting read but doesn’t discuss in detail strategies or chart patterns he followed to make consistent profits. In the book, Sykes reveals his hatred for the hedge fund industry and the mistakes he made along the way. Currently, the book is available to buy in paperback from Amazon for $20 but can be downloaded for free in PDF from his website. I would estimate he made at least $200,000 in book sales and it also helps drive paying customers to his DVD store.
Blogging
Tim Sykes started his blog back in 2007 before blogging was mainstream. He initially created TimothySykes.com just as a way to promote his new book but soon realized the profit potential of selling online courses was far greater. The website became an instant hit attracting over 100,000 visitors per month, becoming the number one penny stock blog. Since then website traffic and income have continued to grow, going from $60,000 to $1,000,000+ per month. His educational empire is comprised of DVD’s and a membership service. As Timothy Sykes has verified millions in profits, thousands of aspiring traders purchased DVD’s and joined his alert service. Right now, there two different monthly options – Penny Stocking Silver ($149.95) and Tim Alerts ($74.95). 1,000 students paying $150 each month is nice residual income. Tim also runs a Millionaire Challenge program where those serious about learning pay a cool $5,000.
In addition to selling products, affiliate marketing is another avenue for Sykes to earn. He used to make money with affiliate marketing, promoting various brokerages such as Etrade and Interactive Brokers. These brokers no longer have affiliate programs but he still promotes them despite not receiving compensation.
Investimonials
Investimonials.com is another venture set up in 2011, the website provides financial reviews of brokers, chat rooms, software and newsletters. It covers everything related to finance and aims to cut through all the bullshit on Wall Street. Users sign up and write honest reviews of financial products they bought. Since anyone can sign up and contribute reviews, the site monitors the content to ensure opinions are legitimate. The problem is there’s no way to verify the reviews are 100% real. Investimonials is a massive success for Tim, acting as a massive platform to sell advertising and drive more visitors back to his website.
Profitly
Profit.ly is a social trading community where like-minded traders can connect, share ideas and verify their trading performance. The community has approximately 130,000 members that interact, share their track records and post blogs. The idea for Profitly came after Covestor removed Sykes from their service because he trades volatile penny stocks so members couldn’t replicate the same trades. Currently, Profit.ly has one other guru – Super Trades. The site has a leader board to track the best traders within the community. As of right now, the top traders are Gregg Sciabica (Lx21), Steven Dux, Tim Grittani (Kroyrunner), Michael Goode, Superman and Matthew Owens. It’s interesting to note out of the six people I mentioned, 4 of them were students of Timothy Sykes. The whole point of the site is for beginners to review the track record of talented traders and study their strategy.
StocksToTrade
Stockstotrade is a stock screening and charting tool developed to find new penny stock trade opportunities. Tim has invested hundreds of thousands by hiring a team of programmers to create the software. According to Linkedin, they have 11 full-time employees working on the tool. They are continually developing the platform and adding new features every week so one day it will overtake Trade-Ideas.com. Like all the top scanning websites it is expensive. Currently, there are two payment options, $179.95 per month or $1799.50 annually. Luckily they have a 7 day trial for $1, so you can try the tool before committing to a paid account. Stockstotrade.com is still a start-up with high costs, so I doubt the company is making any worthwhile profits.
House
With a personal fortune of $20 million, he can afford to live in a mansion and race around in a Lamborghini. Below is a video of a gigantic mansion he rented for a year in Miami.
Sykes is an avid traveller and has explored 100 plus countries. His Instagram account displays all the exotic locations to inspire his 1,000,000 followers, all jealous of his ludicrous lifestyle. He could make a lot more money sitting in an office in front of 3 monitors but prefers to spend it in luxury resorts such as Bali, Greece or the Maldives.
Is Timothy Sykes Married?
Timothy Sykes was once engaged to Bianca Alexia Wilson but they are no longer together. Tim has no time for relationships as he’s fully dedicated to educating his students to the best of his ability.
Conclusion
Timothy Sykes is a talented day trader and entrepreneur who has built an online empire that has made him a multi-millionaire. Making millions every month means he can afford to live a lifestyle everyone dreams of. Love him or hate him, Tim is an entertaining person that makes trading less boring. There are dozens of stock market mentors online that sell courses but very few have the capability to make finance interesting. I would guess 25% of his fortune was earned through day trading while the rest was accumulated through selling educational products.
Leave a Reply