Posted on: November 30, 2019 Posted by: Aaron_George Comments: 0

If you’re involved in the world of stock trading, there’s very little chance that you’ve never come across the name, Timothy Sykes. As a trader dealing exclusively in Penny Stocks, Timothy has made a name for himself and has truly left a mark as far as economic success is concerned. A self-made millionaire by the time he graduated college, Timothy has passed on his skills to many through his numerous educational DVDs and continues to enjoy success today.

However, he came to true prominence in the infamous ‘Timothy Sykes Scam’ where many alleged that Timothy couldn’t back up his claims and his DVDs and educational videos were just scams in order for him to make a quick buck. Nothing could be farther from the truth! In this article, we take a look at who Timothy Sykes really is, his history, and the results of his work. In this endeavor, we’ll be addressing fact, rather than fiction.

WHO IS HE AND HOW DID HE START OUT?

As mentioned above, Timothy Sykes is a trader that deals exclusively in penny stocks and has managed to make a considerable fortune. While a student at college, Timothy started trading in penny stocks and found that the entire experience called to him. It came to a point where he would happily miss classes just so he could start day trading in penny stocks. 

His efforts paid off quite well, as he turned his $12,415 bar mitzvah money and, through trading in penny stocks, managed to make a profit of $2,000,000! It also helped that he had been injured due to playing sports and had a lot of free time where he just kept trading. 

After college, Tim set up his own hedge fund and found success and recognition in the industry as one of the best fund managers in the market. The fund was also favorable in the market among consumers and industry experts and managed to achieve impressive rankings during its tenure. There’s no doubt that the fund did experience a few rough years where investors saw losses, but any long sustaining hedge fund has seen its fair share of trouble. When all was said and done, investors were happy with their returns and the fund was seen as an overall success.

His life story drew considerable social interest as well, as evidenced by the publication of his autobiography, ‘An American Hedge Fund’. Tim spoke about his life and career in great detail and even gave practical advice to readers on how they can become a successful trader. Rather than talk about technical knowledge, Tim spoke to the discipline and lifestyle one must adopt in order to be a successful trader, and the book went on to become a bestseller. 

The literary fame brought Tim attention on the silver screen, having been interviewed by reputable news agencies such as CNN and Fox News and well-known TV personalities like Steve Harvey and even Larry King.

The success that Timothy had found with his book motivated him to start on his next big project. Having inspired so many to start trading through his story, he went on to produce educational DVDs and subscription services whereby he instructed subscribers on trading in penny stocks. In addition to teaching the basics, he also covers other important topics such as investment strategies and regulatory compliance. For subscription-based services, you also get live alerts on potential trades and stock tips from time to time.

TECHNIQUES AND RESULTS

Perhaps most surprising is how easily people believe in a rumor and just follow the narrative, especially when the narrative involves the downfall of someone successful. Rather than being called the “Timothy Sykes Scam”, it should be called the “Timothy Sykes Schadenfreude”. It’s even more surprising when you consider that Timothy has been very straightforward about his success, the techniques he uses, and his results also speak for themselves.

First and foremost is the strategy that Tim employs. Not once has he claimed to employ a unique strategy that he’ll only disclose if you buy his DVDs. In fact, his main strategy, which is short term based trades in penny stocks, is commonly known and employed by numerous traders across the market. What sets Tim apart is how he analyzed the stock and is able to make predictions on the factors he has at his disposal. Furthermore, he backs up his claims by providing real-time trade and stock alerts and is transparent with the trades he makes. Scam artists don’t really prioritize transparency when it comes to their trades and transactions.

Furthermore, through Tim’s educational videos and subscription services, a lot of his students have also managed to find success in the trading world. One student who stands out is Tim Grittani who has reported profits higher than those boasted by Timothy himself. There’s also Steven Dux, who employed Tim’s strategies and through sheer hard work made $1,000,000 in his first year of trading. 

It should be noted that none of Tim’s videos involve him asking his students to invest in his endeavors or in his own funds. He even prescribes a prudent approach in asking students to start off from a set investment benchmark of $12,000 and not exceed that amount. 

While Tim no longer manages hedge funds and spends the bulk of his time on his educational videos and subscription services, he also manages to dedicate his time to philanthropy and supports numerous charitable endeavors. In the past, he has worked with, or donated time and money to, numerous organizations such as Karmagawa, Pencils of Promise, and Save the Reef. He has also gone on to set up his own foundation, the Timothy Sykes Foundation. A lot of the proceeds from his DVD sales also go to charitable causes.

CONCLUSION

While it might be fun to listen to gossip and be a part of the rumor, it is a completely different thing to pass judgment on someone who has earned their success and done so in a fair and ethical manner. The Timothy Sykes Scam was nothing more than a rumor, fueled by speculation and a desire to see someone successful fall to their knees. There is little doubt that Timothy’s success speaks for itself.

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