Alec1974

Hi Family,

Questions about Timothy Sykes

Short Selling Penny Stocks | Free Penny Stock Picks | Reviews


Timothy Sykes' Videos - YouTube


Is he for real? Did someone try his methods? Research him? I have my doubts but VERY tempted to buy his products and try his Challenge. I took his 7 FREE lessons (you can join them on his web site), but honestly was not impressed at all.

MY QUESTIONS:

1. Have anyone bought his DVD's? Reviews?
2. Have anyone sign for his products on Social Investment and Trading Platform | Profit.ly ? "Bercome a Better Trader" for $30-$75 monthly or(and) TimAlerts or(and) PennyStocking Silver for $50-$100 a month.
3. Did anyone bought his DVD's?
4. Did anyone join his Tim Challenge for $5,500 a year (once a week lesson)


As I said I have my doubts. Does not look real how people go from $500 to $25,000 - Tim Sykes Student Jarmall Turned $500 to $25,000 In 5 Months - YouTube

Also I did research and found some NEGATIVE news on Tim. One guy even wrote a book (not only about Tim) where he said that Tim was a fake and a fraud - Randal Lane "The Zeroes" (link in Russian language - ??????????????????? ???? ?????? ????? | ????????? ???????? ???? | ??????????????? ????????, ???????? ?????? ? ????????? ????????)

Another bad review - Timothy Sykes - Watch Tim Sykes Scam Exposed in my Review |

Some CRAZY videos with Tim - CRAZY BADASS MILLIONAIRE TIM SYKES - YouTube


But again, on other hand - who knows if this guy for real or not? I do want and i am tempted to try his lessons, DVD's and products, but first i wanna know what You, Family, think of him?

P.S. The real good thing i did learn from Tim is SureTrader, site that lets you tarde with NO LIMITS even if you don't have $25,000 and lets short penny stocks

Thank

 

Luke Myers

Yes Alec, I know of him and have 2 of his DVDs. I was a silver member for a few months about 2 years ago.

I can tell you this. He has a stratagy, it works but he makes way more money teaching then trading and his system has big limitations. If you are trying to learn the markets you can do better here at IT. Most newbies go to tim. His stratagy is speculative in nature but well researched if you pay the money for the pics on limited shares. Some times you can not get shares to short.

Message me if you have any other questions.

P.S He is a big self promoter with lots of color and hype. Take it from me, if you want to learn the markets study Ed Seykota. The best traders dont advertise.

__________________
The price is the smartest one out there.

Thank

 

Alec1974

http://profit.ly/user/JackUS1889/dashboard

Thank

 

Alec1974

Luke, thank you brother ! Did you like DVD's and liked the Silver members subscription? Did you make some money using it?

Thank

 

YertleTurtle

If someone is promising unreal gains and has a slick sales pitch then be wary. As Luke said - the best traders don't advertise. You yourself said you weren't impressed with his free material.

If I had a learning budget of $5500 there are other traders I would study with. None of them promise 5000 percent gains.

Thank

 

Simit Patel

we have some other threads on tim sykes here: tim sykes : Threads Tagged with tim sykes

i haven't checked out his material myself, but i think yertle and luke have some good advice here.

ADDED Nov 8, 2012: I interviewed Tim; below is the video for the interview, as well as a summary of key points:

• Tim got his start in 1998, trading his bar mitzvah money to turn 12k into over 100k
• His approach is to find penny stocks -- stocks trading under $5 per share -- whose value has been pumped up artificially by promoters. He then looks to short those stocks once he believes the pump and dump campaign has run its course
• This is not an exact science. Tim follows email lists, blogs, and sites like SeekingAlpha to find stocks that might be getting pumped up
• He also monitors the behavior of executives of these companies, and looks to see when they are selling
• He typically risks 5%-8% per trade, and has a win rate of 72%
• His average loss on losing trades is 6%; his average win is 10%
• He does not use stops or limits, as these markets are very thinly traded and thus penny stocks can be subject to market maker stop hunting
• While his average win rate is 10%, a few big trades per year often generate the bulk of his returns
• The average duration of Tim's trades is a 1-2 days. Fees for borrowing stocks to short can add up significantly, so a short duration is strongly preferred
• This strategy is not scalable because the companies being shorted are very small; they cannot handle billion dollar funds. Tim rebalances his portfolio annually so that he is trading with a $600,000 USD account.
• Tim offers numerous courses and signals to help individuals learn his approach. He believes his approach is very simple, but that the vast majority of his students fail because they have the approach of reckless gamblers more interested in a market thrill than actual profits. Like trading psychologist Van Tharp, Tim says many of his students who have failed have a subconscious desire to lose
• Tim does use a pyramiding strategy in which he will add to positions as they move in his favor.

Please note the interview does contain profanity.

Thank

 

Luke Myers

Hi Alec,

The DVD was just Tim Standing in front of stock charts explaining his system and being Tim.

1 Dvd does not hurt if you get the one that explains his system. But to be honest IT has more educatinal value that is also free. Trust me that is very good.

But if you think you want to learn some styles and do not mind spending the money 1 dvd is not a waist. I did make some money on his calls. I also lost some $ on a call that I did not listen to. When Tim says get out and sends a alert you better do it. Shorts squeezes are killer on penny stocks.

You kind of need the alert service to make the money. The research required in the strategy is not worth the effort. I make more money now on my trades then Tim Says he makes on MOST of HIS calls, and I just glance at a screan once a or twice a day thats it. I do not normally talk about wins$ but if you look at the golden cross breakout on the 15 min /ES chart. Right now I am up $1200 so far today on 3 contracts. I have a 1 point stop set now and and am looking to hold for at least 10 to 20 points if I can. But if you still think you want to try his stuff out get a DVD but again you can make more money on your own if you learn how it is done by the big players. Good luck

__________________
The price is the smartest one out there.

Thank

 

Simit Patel

sounds like i need to get myself some more shares in the luke myers fund!

Thank

 

Luke Myers

Thanks Simit, I have been trading the fund quite sloppy as of late, but going forward I plan on reducing volotility. I just moved it into SPY on the daily after a bad gold trade. Looking to catch up to DAVE and get my 100% return.

Thank

 

Alec1974

Could you please give me piece of advice how would you spend this $5.5k to learn, who will YOU study with?


Dear Simit Patel, appreciate it so much, I just finish reading them.


How do you do that ??? Can you teach me sir?

can I do it too?

Thank