If you’re an aspiring day trader, chances are you’ve encountered Timothy Sykes online or on reality TV shows such as Below Deck. Tim Sykes specializes in trading penny stocks and became a millionaire from the stock market while in college. Timothy Sykes boasts a net worth of $20 million, the majority of his wealth comes from running a successful trading education business.
Tim has become super successful in a strange niche! He made his fortune trading penny stocks; the type of stocks that are considered worthless on Wall Street. Luckily, he teaches his trading strategies via Profit.ly, perfect for those who are committed to learning and have a few thousand dollars to trade with.
Who is Timothy Sykes: The Humble Beginnings
Tim Sykes started trading at an early age and was a millionaire by the age of 22. It was, indeed, not easy, but his perseverance and dedication led him to the top of his craft.
Sykes discovered his passion for trading while attending Tulane University. Before graduating he had turned his Bar Mitzvah gift money of $12,415 into $1.65 million! Now, if this is not inspiring, I don’t know what is! After college, he started a hedge fund and was listed on Trader Monthly’s “30 Under 30” in 2006.
However, Tim’s trading journey had its ups and downs. The one time he invested in a stock for the long-term, he lost a six-figure sum in Cygnus E transactions. Tim bounced back and steadily rebuilt his profits through thousands of small profitable trades.
Timothy Sykes Net Worth
Fast forward 20 years, Timothy Sykes has a net worth of $20 million! Sykes has become a master of trading penny stocks. Over the last decade, his returns have been outstanding, his trading profits have gone from $2 million in 2010 to over $7.5 million by 2024.
Budding traders can take Tim’s Trading Challenge where he helps them find opportunities, capitalize on trends, and earn millions day trading. Tim teaches advanced trading techniques through video training, webinars and downloadable resources. He claims to have created over 30 millionaire students including Tim Grittani, Steven Dux and Jack Kellogg.
In addition, his YouTube channel has hundreds of videos with advanced day trading tips and many student success stories. YouTube plays a key role in attracting new paying subscribers and has proven to be a talented marketer. According to an interview with mixergy.com, Tim’s online business makes $20 million per year!
Trading Strategy
Tim’s secret to trading involves ignoring traditional indicators like revenue and profit; instead, he simply uses technical analysis to make money by buying breakouts and short selling overhyped stocks. To find hot stocks to trade, he uses screening tools to make a watchlist of companies to follow.
Sykes is not just another trader, he has a bullet-proof mindset and two decades of experience trading low-priced stocks. Ultimately, his ability to predict patterns and wait for the right moves have made him fabulously wealthy.