If you’re an aspiring day trader, you have most likely come across 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. As of 2023, Timothy Sykes has a net worth of $15 million.
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.
Tim was attending Tulane University when he discovered his passion for trading. 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 his own 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. Tim bounced back and steadily rebuilt his profits through thousands of profitable trades.
Timothy Sykes Net Worth
Fast forward 20 years or so, Timothy Sykes has a net worth of $15 million as stated by Pennystockwhizzkid.com! 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 $7.3 million by 2023.
Budding traders can take Tim’s Trading Challenge where he helps them find their opportunity, capitalize on trends, and earn millions day trading. Tim teaches advanced trading techniques through video training, webinars and downloadable resources. In addition, his YouTube channel has hundreds of videos with advanced day trading tips and many student success stories.
Tim’s 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 watch.
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.
