Tim Sykes has been trading since he was 17 and has made a significant amount of money through his trading career. He has shared his expertise through various educational resources.
One of the key aspects of Tim Sykes' Weekend Trader strategy is the use of technical analysis. He relies on charts and patterns to identify potential trading opportunities.
Tim Sykes' educational resources include his website and YouTube channel, where he shares his trading strategies and experiences.
The Marketer
Tim Sykes is known for his marketing style, which some people love and others hate. He uses tactics that attract ambitious new traders to the markets.
Tim's Instagram page is plastered with images of luxury cars, exotic vacations, and stacks of cash. He claims this is motivational for aspiring new traders.
The markets can be dull, so Tim focuses on the rewards of becoming a profitable trader and shares photos from his luxurious lifestyle to motivate others.
Who Is?
Tim Sykes is a self-made millionaire who started trading with a modest sum of $12,415 from his bar mitzvah gift money. He's been trading for over 20 years.
He's from Connecticut and had an early interest in the stock market. His parents let him invest his bar mitzvah gift money, which was a pivotal moment in his trading career.
Tim Sykes is now sharing his knowledge and insights with the world, teaching others through various services like Investimonials.com and StocksToTrade. His latest project, the Trading Challenge, offers educational resources based on his experiences.
He's a legitimate educator and trader, with a simple and easy-to-follow strategy that resonates with new traders. His approach may not make day trading seem as complicated as it is, but he's not trying to scam anyone.
The Marketer
Tim Sykes is a master of creating a motivational image, using his Instagram page to plaster images of luxury cars, exotic vacations, and stacks of cash.
He's well aware of the image he's created and claims it's meant to motivate aspiring new traders.
The markets can be dull, so Tim focuses on the rewards of becoming a profitable trader.
His luxurious lifestyle is on full display, with photos showcasing his high-end possessions and experiences.
Love it or hate it, Tim's marketing style is undeniably attention-grabbing.
Pennystocking Silver
Pennystocking Silver is a great option for new traders, offering the services of Tim's Alerts, plus weekly video lessons and access to Tim's library of over 4,400 existing video lessons.
These video lessons are full of trading wisdom and cover a wide range of topics, including technical analysis, fundamental analysis, and trading psychology.
The library of video lessons is incredibly valuable for new traders who are still learning about trading methodology.
With over 4,400 lessons to choose from, you can learn at your own pace and focus on the topics that interest you the most.
The simple and clear explanations in Tim's videos make it easy for beginner and intermediate traders to understand complex trading concepts.
This subscription is the best fit for those who want to learn from a seasoned trader and gain a solid foundation in trading.
Trading Style
Tim Sykes is known for being one of the first prominent penny stock short-sellers, and he's made a name for himself by focusing on short selling after a stock experiences an irrational spike or a paid promotion scheme.
Penny stocks can be very sketchy, filled with shady companies that engage in paid promotion schemes, dilute their share structure, and don't provide full transparency about their financials.
Tim's approach to the markets could be described as "common sense" trading backed by technical analysis. He uses stock charts to make most of his trading decisions.
His strategy incorporates paying attention to news catalysts and, in particular, paid promotions. Tim has used his notoriety to call out business and corporations running these so-called "pump and dump" scams.
He's expanded his style to take advantage of different types of penny stocks and market-making news, such as earnings winners.
Emphasis on Education
Tim Sykes is a strong advocate of trading education, and for good reason. He has released many trading courses, including PennyStocking, PennyStocking Part Deux, and ShortStocking, which are available through Profit.ly.
These courses cover the basics of Tim's stock trading style and provide a solid foundation for new traders. Tim also provides video lessons in which he goes over recent trades, with over 8,000 videos in his video lesson library.
You can search for videos by ticker, strategy, date, and more, making it easy to brush up on your trading knowledge. The video lessons are released weekly, so the library is constantly growing.
Here are some of the trading courses offered by Tim Sykes:
- PennyStocking
- PennyStocking Part Deux
- Tim Raw
- Spikeability
- TimFundamentals
- Learn Level 2
- TimTactics
- Read SEC Filings
- ShortStocking
- How to Make Millions
These courses are a great starting point for new traders, and can help you understand Tim's trading style and methodology.
Services and Features
The Tim Sykes Weekend Trader offers various services and features to cater to different traders.
The Tim Alerts plan is the most basic service, offering chatroom access, a daily stock watchlist, trade alerts, and other push alerts. Experienced traders may find it useful, but new traders will get more value out of the educational content.
New traders will find the Pennystocking Silver plan particularly valuable, offering access to watch lists, trade alerts, and a massive library of trading education. This plan is ideal for those with less than $25,000 in trading capital and/or fall under the PDT rule.
Alerts
The Alerts service is a great option for those who want to stay on top of the markets.
Tim Alerts is the most basic service, offering chatroom access, a daily stock watchlist, trade alerts, and other push alerts.
Experienced traders will find it useful, but without the instructional videos, it may not be all that helpful for those new to trading.
This plan is best for people who already have a good grasp of trading concepts and lingo.
If you don't plan on reviewing Tim's educational video library, you can save $75/month by opting for the Tim Alerts plan.
Sign Up?
If you're new to trading, you'll get the most value out of Sykes' services. New traders will find the alert system and trading education library particularly helpful.
Experienced traders may find the active trading room lacking, but the trade alerts can still be useful. Those with less than $25,000 in trading capital will also appreciate the services offered.
The Pennystocking Silver plan is the best option for new traders, offering access to watch lists, trade alerts, and a massive library of trading education. This plan is perfect for those making three or fewer day trades per week, who fall under the PDT rule.
Is the Service a Good Value?
The amount of information in Tim Sykes' Weekend Windfalls video trading series is truly off the charts, offering a wealth of knowledge for those willing to put in the effort.
For newbies, Tim Sykes offers great value, especially with the PennyStocking Silver option, which provides clear and easy-to-understand videos.
The Weekend Trader service is available for a ridiculously low price of $7, making it an incredibly affordable option for those looking to get started with day trading.
More experienced traders may find the videos less necessary, but they might still be interested in the how and why behind Tim's moves.
The service comes with a 30-day money-back guarantee, eliminating virtually any risk in trying it out.
The Millionaire Challenge, on the other hand, has a higher price tag of $5,000, which may be better spent on trades if funds are in short supply.
If you're still unsure about signing up, start by reviewing some of the free material on YouTube to get a feel for Tim's style and approach.
Tim's Weekend Trader is undoubtedly worth a look for those interested in learning the ins and outs of day trading.
Subscriptions and Pricing
Tim Sykes offers three subscription options for traders, each with its own unique pricing. The cheapest option is Tim's Alerts, which costs $74.95 per month.
The other two options, PennyStocking Silver and The Millionaire Challenge, are significantly more expensive, at $149.95 per month and $5,000 per year, respectively.
In terms of pricing, Sykes' subscriptions are generally less expensive than comparable services, making them a more affordable option for traders. However, The Millionaire Challenge is a notable exception, with a much higher price tag.
Here are the details of each subscription option:
The Millionaire Challenge is the best option for serious traders who want to make a significant profit, but it comes with a hefty price tag.
Pros and Cons
Tim Sykes' Weekend Trader has its advantages and disadvantages. He's a seasoned day trader with over 20 years of experience, which is a significant pro.
The program offers immediate access to the Weekend Windfalls Video series, Tim's Trader Checklist, and a complete Penny Stock Course. These resources can be valuable for traders looking to improve their skills.
However, the quality of support and ease of use may vary, as some reviews mention inconsistent performance in these areas.
One of the notable cons is that Tim Sykes' trading style may not be the best for all traders, especially those with smaller accounts or those looking for long-term stock picks.
Here are some key pros and cons of Tim Sykes' Weekend Trader:
- Guru with more than 20 years experience as a day trader
- Immediate access to the Weekend Windfalls Video series
- Tim’s Trader Checklist
- Complete Penny Stock Course
- 30-day money-back guarantee
- Heavily discounted price
Tim Sykes is transparent about his trades, which is a significant pro, but his strategy may not be the best for all traders.
Frequently Asked Questions
How does Timothy Sykes make money?
Timothy Sykes makes money primarily through penny stock trading and educational programs. He generates revenue by teaching others how to succeed in the stock market through various courses and services.
What is the Tim Sykes trading challenge?
The Tim Sykes trading challenge is a comprehensive education program for aspiring penny stock traders, offering in-depth training without the costs of traditional college. It's a unique opportunity to learn from a seasoned trader and gain the skills needed to succeed in the market.
What is the weekend windfall trade strategy?
The Weekend Windfalls strategy involves selling put options on high-quality stocks to collect premiums, while also using covered call writing to generate additional income. This strategy aims to create a steady stream of income with minimal risk.
What is the weekend trading inefficiency?
The weekend trading inefficiency, also known as the "weekend effect," refers to the tendency of stock prices to decline from Friday to Monday due to the release of bad news over the weekend. This phenomenon is attributed to companies releasing negative information after market hours on Fridays, leading to lower stock prices on Mondays.
What can be traded on weekends?
You can trade cryptocurrency, Forex, and binary options on weekends, but the specific instruments available may be limited by your broker's trading terms.
Sources
- https://www.businessinsider.com/stock-trader-high-returns-millionaire-students-shares-top-trading-patterns-2023-6
- https://spacecoastdaily.com/2019/10/timothy-sykes-scam-or-trading-genius/
- https://daytradereview.com/timothy-sykes-review-is-tim-sykes-legit-or-a-scam/
- https://toptradereviews.com/timothy-sykes-review/
- https://www.thestockdork.com/tim-sykes-weekend-trader-review/
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