Tim Sykes is a penny stock trading expert who made his first million by age 22. While studying Philosophy in Tulane University, Tim regularly skipped classes and traded penny stocks instead. He was able to turn the $12,415 Bar Mitzvah present he had received from his parents into $1,650,000 in a span of just three years (from 1999-2002). In 2006, he was named one of the “Top 30 under 30” traders by Trader Monthly. With his extensive experience
in penny stock trading, Tim Sykes has great insight. He offers new and skilled investors insider information about trading penny stocks.
Penny stock Trading
Contents
A penny stock is a common stock that trades for less than $5 per share. It is usually traded outside the major stock exchanges or “over the counter.” Penny stock trading appeals to many investors because of the low risk associated. Investors are able to make good purchases for pennies on the dollar. By diversifying their stock, they can make a good profit depending on the penny stock shares they invest. However, those who want to make a profit in penny stock trading must know the strategies, investing ideas and technologies used in buying and selling of the stocks. There are also many pump and dump scams associated with this type of trading. Timothy Sykes is proof that you can make good money in penny stock trading. He has an intriguing website where he helps investors to trade these types of stocks. Since Tim made his money by exposing scams and avoiding them, he helps new investors to avoid all the dirty little techniques and make a profit. Tim has been actively involved in exposing various pump and dump schemes. In 2009, Tim publicly accused SpongeTech, a soap-sponge company, of being a “pump and dump scam.” A week later, the company’s CEO was charged with obstruction of justice and conspiracy to commit securities fraud. In 2010, Tim exposed celebrity Shaquille O’Neal’s involvement in a similar scam with NXT Nutritionals’ Holdings. A month later, the company’s stock crashed 76%. Tim Sykes keen eye for penny stock trading scams has helped him earn the trust of many investors worldwide.
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Cilantro Fund
After finishing college, Tim Sykes started a hedge fund called the Cilantro Fund Management LLC. The hedge fund was rated as the #1 Short Bias Hedge Fund for three consecutive years (2003-2006). Tim closed the hedge fund in late 2007 after losing one third of its value to an illiquid investment. Not one to easily give up, Tim bounced back to become the #1 ranked trader on Covestor from a group of over 60,000 traders.
Wall Street Warriors
Tim became internationally famous when he appeared in a reality show by MOJO called “Wall Street Warriors.”The show documented his daily life and a typical trading day. After his appearance on the show, numerous people reached out to him to seek his help in penny stock trading. He saw a gap in the market which made him decide to set up a membership service. Apart from his appearance on Wall Street Warriors, Tim Sykes has been featured on CNN, The New York Times, Fox News, CNBC, TheStreet.com, Reuters, Business Week, Young Money, Institutional Investor and Marketwatch.
Profit.ly
Tim co-founded the website Profit.ly in 2011. This website is known as a top training website for newcomers to penny stock trading. The services provided include:
- More than 700 training videos from experts
- Email and SMS stock pick alerts
- Watch lists containing possible trades
- Access to private chat rooms for help and advice
As a newcomer, you can start making money almost immediately by basing your trades on Tim’s picks. Many of his students have gone on to become millionaires. His videos are highly detailed and the SMS and email trade alerts offer real-time opportunities to make a profit. He charges a fair monthly rate of $99 which you’ll be able to recover in just one trade. His website is a great platform for newcomers to interact with skilled investors. The site features forums and interviews with penny stock experts and Tim’s personal TV program that keeps you updated on the current penny stock information.
Tim Sykes is a legitimate, honest trader who helps clients to make massive profits by trading penny stocks. His most crucial component in trading is his skill to cut losses short. He verifies each one of his Profit.ly trades to prove that they are legitimate. In the world of financing where many people rarely tell the truth, Tim Sykes is one of the few honest ones.
