Timothy Sykes is a penny stock trader and entrepreneur with a net worth of $15 million as of 2021. The 39-year-old is an outspoken character well-known within the day trading community for turning $12,000 into $6 million with penny stocks.
Tim’s unique story and 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.
How much does Tim Sykes make a year?
Tim Sykes has proven himself to be quite the entrepreneur with multiple ventures that earn him about $4 million every year. He makes $250,000 per year from day trading. Even during the coronavirus pandemic he’s still making a nice living.
Tim Sykes started his blog in 2007 as a way to promote his new book. The website was 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 $500,000+ per month.
His educational empire consists of DVD’s and a membership service. Right now, there are two different monthly options – Pennystocking 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 revenue. 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.
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 new students.
Investimonials.com is another venture set up in 2011. The website provides financial reviews of brokers, chat rooms, software and newsletters. Users sign up and post honest reviews of financial products they’ve purchased.
Since anyone can sign up and contribute reviews, the site monitors the content to ensure opinions are legitimate. Investimonials has been a huge success for Tim, acting as a massive platform to sell advertising and drive more visitors back to his website.
Profit.ly is a social trading community where like-minded traders can share ideas and verify their trading performance. The community now has approximately 180,000 members. The idea for Profit.ly came after Covestor removed Sykes because he trades volatile penny stocks so members couldn’t replicate the same trades.
The site has a leaderboard to track the best traders within the community. As of right now, the top traders are Tim Grittani (Kroyrunner), Gregg Sciabica (Lx21), Steven Dux, Michael Goode and Superman. 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 strategies.
Stockstotrade is a stock screening and charting tool developed to find new penny stock trading opportunities. Tim has invested hundreds of thousands by hiring a team of programmers to create the software. According to Linkedin, they have 27 employees working on the tool. They are continually developing the platform and adding new features every week.
Like all the top screening tools it is expensive. Currently, there are two payment options, $179.95 per month or $1899.50 annually. Luckily they have a 7 day trial for $7, 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.
With a personal fortune of $15 million, he can afford to live in a mansion and drive 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 plus followers, all jealous of his ludicrous lifestyle. He could make a lot more money sitting in front of 3 monitors but prefers to spend it in luxury resorts such as Bali, Greece or the Maldives.
Over the years Tim has appeared on numerous reality tv shows to promote himself. He has featured twice on Below Deck as a guest, in season two and season five. The reactions on social media were mostly negative as the show was heavily edited to make Sykes look arrogant and egotistical. To be honest he didn’t help himself at times. Captain Lee hated Sykes taking back $5000 of tip money.
It was when Timothy Sykes took back some of the tip, 5K after he had already handed it to me and said he was taking some back because his 19yr old girlfreind didn't like her dinner after he ordered it for her. https://t.co/OvNq80CX7l
— Captain Lee (@capthlr) October 18, 2018
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 students to the best of his ability.
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 educators online that sell courses but very few have the capability to make finance interesting. I would guess 25% of his net worth was earned through day trading while the rest was accumulated through selling educational products.