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AnswerStock, 13 Hours Of Footage of the 7th Annual PennyStocking Conference featuring millionaire traders Timothy Sykes (who makes several thousand dollars during a live trade), Paul Scolardi, Tim Grittani, Michael Goode, Nathan Michaud, and six figure part-time trader Tim Bohen.
Who is Timothy Sykes:
Before I start with the actual review of Tim Sykes’s products, you should know who Tim actually is and how he got to where he is today.
Timothy Sykes is most famous for turning his $12’415 Bar Mitzvah gift money into $2’000’000 while attending Tulane University. All these profits were achieved by day trading penny stocks. Tim’s trading career started in 1999 during the so-called ‘.com’ internet bubble. He started to get into trading due to a tennis injury and a lot of free time. This is how his profit chart looks today:
timothy sykes review
Sometime after graduating from university, Tim ran a hedge fund for some years. The hedge fund was ranked number one short-biased hedge fund for a few years until it suffered one severe loss. But even after the big loss, it was still up a few percent. Tim wrote an autobiography ‘An American Hedge Fund’ shortly after retiring from the hedge fund industry. This book is all about his trading and hedge fund manager career.
Many people also know Tim from the tv series ‘Wallstreet Warriors’. This tv show led to a lot of exposure of Tim’s success story. Finally, this led to the creation of Tim’s websites, educational DVDs, subscriptions… Nowadays Tim tries to teach the strategy that led him to all his success to others. He has done this for several years and with a lot of success. He has multiple Millionaire students and countless six-figure students. His most successful student is Tim Grittani who just recently passed Tim Sykes in trading profits. Here are his profit chart and a few of his latest trades:
tim grittani trades
But note that Tim Grittani trades with all/most of his money and Tim Sykes often goes back to his initial $12’000 to show how to grow a small account. Additionally, Tim Sykes mainly focusses on teaching instead of trading nowadays.
Another successful student of Tim Sykes is Steven Dux. He actually made over one million Dollars in under a year after signing up to Tim’s services. Note, however, that he put in many hours of work to accomplish this. Not everyone will achieve the same level of success that fast. Nevertheless, his success shows that Tim’s education together with hard work can accomplish greatness.
Furthermore, Tim Sykes and some of his students have been featured by countless financial media like CNN Money, Fox etc. He even has interviews with respected people like Steve Harvey and Larry King. Currently, Tim Sykes is involved with a big number of charities. He has donated over one Million Dollars to his favorite charity ‘Pencils of Promise’, constantly gives away more to other charities and even has his own charity named ‘The Timothy Sykes Foundation’. Tim’s goal is to build one thousand schools in countries of need. Some of Tim’s profits achieved from DVD sales only go to charity. For example, all money made from his DVD guide ‘How to Make Millions’ goes to charity. By now this DVD has generated over one Million Dollars for charity.
So you can be pretty sure that Tim Sykes is the real deal and not some scam or so. Another thing supporting this is his software profit.ly. On it, he displays all his trades fully transparently and alerts them in real-time. Therefore, it is impossible for him to just act like he is trading.
Nevertheless, many people don’t trust Tim and even call him a scam. This has multiple reasons. One definitely being Tim’s marketing methods. He enjoys posting pictures of supercars, piles of money, other expensive items, his travel locations and other attributes of his glamorous rich lifestyle. This makes many people very skeptical as it often may seem fake and too good to be true.
Furthermore, a great deal of hate that Tim gets probably refers back to jealousy. Most people would love to swap places with Tim as his life definitely is desirable.
But a big difference between Tim and other ‘traders’ with similar marketing styles is that Tim actually backs his claims up with full transparency, real-time trade alerts, countless successful students etc. If Tim would be a scam, he would have never been featured on all these financial media…
Tim Sykes and Tim Grittani on Fox:
Now let us dive into Tim Sykes’s wide range of products. His products range from software to DVDs/educational video lessons, real-time alerts and watchlist subscriptions… In this Tim Sykes review, I will present Tim’s main products being his subscriptions, educational content and DVDs.
I will start by presenting his most ‘basic’ subscription services. Tim’s main subscriptions are his Tim’s Alerts plan and his Pennystocking Silver plan. The Tim’s Alerts membership gives you access to:
Tim’s daily watchlist
Real-time SMS, Email and Push trade alerts and commentary
iPhone and Android app.
The Pennystocking Silver plan gives you access to all of the above and access to:
5’000+ video lesson library
New weekly to daily video lessons
Even if these subscriptions might seem quite similar, they really aren’t and I will tell you why now. The only difference is that the Pennystocking Silver subscription gives you access to all existing and future video lessons. But this difference is a major one. Each video lesson is about five minutes long which isn’t that much. But at over 5’000 video lessons that are over 410 hours of content and more comes out almost every day. All these video lessons are ordered by 50 different categories. These video lessons really add huge value to the membership as they actually teach you how to trade.
I personally dislike the alerts membership as you depend on Tim’s alerts to trade. The goal of trading is to make your own money and to be your own boss/be independent. You could obviously follow Tim’s alerts but you can’t possibly understand the trades and you won’t have a trading plan. Tim even says himself that you shouldn’t just blindly follow his alerts. It can be very hard to follow these alerts as these penny stocks usually are very volatile and move very fast. Therefore, it can be very hard to get in at the same price as Tim.
Pennystocking Silver can make you a self-sufficient and independent trader. In my opinion, this alone is more than enough reason to choose this plan over the Alerts membership. But obviously, becoming an independent trader through these video lessons requires some time and work.
The Tim’s Alerts Plan costs $74.95 per month ($900 per year) or $58 per month for the yearly membership ($697 per year). The Pennystocking Silver Plan costs $149.95 per month ($1’799 per year) or $108 per month for the yearly membership ($1’297 per year). Even though the Pennystocking Membership costs more, I definitely recommend it over the other one due to the reasons mentioned above. Furthermore, I really recommend choosing the yearly membership instead of a monthly one as you need time to learn how to trade. No matter who you are, you won’t learn how to trade like Tim in one or two months. You may want to test out the plan by subscribing for one month. If you like it, you should definitely upgrade to the yearly membership to save money.
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