The penny stock trading market is typically a zero-sum game. It’s highly speculative nature often yields a situation where every trading gain is correlated with a trading loss by a counterparty. Many people find it hard to believe that you can trade penny stocks profitably and consistently. This negativity is a stock-in-trade (pun intended) among traditional stock traders on Wall Street who tend to look down on people trading penny stocks as speculative gamblers.

This piece outlines my personal experience with Timothy Sykes, one of the top penny stock traders and entrepreneurs in the market. I’ll deliver my opinion on whether Timothy Sykes is a scam or legitimate based on my research and experience after signing up for his training programs.

Here’s why the Timothy Sykes scam stories can’t seem to end

There’s a vocally negative sentiment about penny stock on Wall Street. The negative sentiment of Wall Street also seems to be confirmed by a report from the Division of Economic and Risk Analysis (DERA) of the SEC, which suggests that a sample of over 10,000 OTC stocks from 2001 to 2010 returned an average and median annual returns of –27% and –37% respectively. Hence, many people steeped in traditional stock investing will have a hard time believing that anyone can trade penny stocks profitably.

Secondly, Timothy Sykes maintains a lavish lifestyle that contrasts with the rather conservative lifestyle of traditional Wall Street traders. A cardinal rule on Wall Street is the important rule of preservation of capital; hence, Wall Street veterans tend to be mostly risk-averse even though some of them might make a show of being aggressive in their risk-to-return calculations. Timothy lives a successful lifestyle and he has no inhibitions about showing off his fast cars, posh mansions, and sometimes, wads of cash. Many people are averse to public displays of wealth and they tend to think that people with such a lavish lifestyle can’t have earned their money through “hard work”.

Timothy Sykes; Scam or Legitimate? Here’s what I found out

I started trading penny stocks earlier this year and it was an unpleasant experience. It’s either I bought a trending stock, only for it to start crashing the next day or I sold a seemingly dead stock only for it to start rallying. I never did figure out exactly how to apply the “buy low, sell high principle”. I was mostly buying high because I read news about how the stock has made double-digit gains and then being forced to sell low after the price starts falling uncontrollably.

After losing almost half of my initial trading capital, I figured I needed help, and that was how my search led me to Timothy Sykes’ penny stock trading program. Timothy Sykes’ deserves a place in the penny stock trading hall of fame for turning his $12,415 Bar Mitzvah gift money into a multimillion-dollar penny stock trading empire.

Now, Timothy Sykes spends most of his time teaching other people how to succeed as penny stock traders. I was initially skeptical of Tim, but the more I dug into his videos available on YouTube, the more I was convinced that I owed it to myself to give it a trial. Tim offers three levels of stock trading education namely; Tim’s Alert, Pennystocking, and Tim’s Challenge via Profitly.

Tim’s Alert

Tim’s Alert was the cheapest option – it has a price tag of $74.95 per month and there’s a 24% discount if you sign up for the annual plan. Tim’s Alert gives users daily access to the chatroom where you can follow the trading commentaries of Tim and other experienced traders. Subscribers also get a daily watchlist of 5 to 10 stocks – the watchlist is especially important in helping to narrow your focus instead of being paralyzed by the paradox of choice over thousands of stocks. A Tim’s Alert subscription also gives you realtime ProfitDing Trade Alerts that could nudge you about the timing of your trading decisions.

Pennystocking Silver

I upgraded my membership to Pennystocking Silver after using Tim’s Alerts for one month. While Tim’s Alert gives you information about what Tim is doing with penny stocks, Pennystocking Silver educates you. Pennystocking Silver is designed to teach you how to identify winning stocks, set up a trading strategy, conduct technical analysis, and ultimately to make informed trading decisions. Pennystocking Silver costs $149.95 per month and the annual plan delivers a 28% discount. Pennystocking Silver membership gives access to all the features of Tim’s Alerts.

Also, you’ll access a video lesson library with more than 6000 videos. You’ll also benefit from weekly video lessons that Tim holds to share his thoughts on individual stocks and the general market.

Tim’s Challenge

Tim’s Challenge offers a more immersive learning experience with Timothy Sykes. The Challenge is also called Millionaire’s Challenge and it is designed to take you through a journey that will set you on the path to becoming one of Tim’s success stories. Some of Tim’s past students have crossed the $1 million thresholds, Tim Gritanni is widely celebrated for turning $1,500 into $1 million within three years all thanks to Tim’s tutelage.

Interestingly, some of Tim’s students have gone on to set career trading performances that beat Tim’s record as seen in the leaderboard above. Tim’s Challenge will give you exclusive access to the Millionaire’s Chatroom where you can have realtime conversations with Timothy Sykes, other students, and other gurus. You’ll also get a curated intro course of 60 specially selected videos, access to video lessons, and regular webinars.

Tim’s Challenge is an intensive program in which you’ll be forced to become a disciplined trader. However, if you are willing to put in the required hard work, you’ll find out that you’ll become much better at spotting trading opportunities and acting decisively.

Summary

Is Timothy Sykes a scam or a legitimate trading coach? The answer based on my experience is a solid YES, he is a legitimate coach. If you still have reasons to think otherwise, the best course of action would be to sign up for his programs to find out for yourself. Tim’s Alert is a good starting point at $74.95 per month. More importantly, though, you need to understand that penny stock trading is not a get rich scheme, contrary to what some gurus might want you to think. Your trading success is dependent on the size of your initial trading capital, the kind of risks you are willing to take, your skills in creating an informed trading strategy, and your ability to stick to your strategy when entering and exiting trades.