Tim Sykes

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    Personal Finance
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    152
  • Reviews
    1

About Tim Sykes



Tim Sykes, a penny stock trader and instructor, became a self-made millionaire at the age of 22 by trading $12,415 in bar mitzvah money. After becoming frustrated with the hedge fund industry, he founded the Tim Sykes Trading Challenge to teach wannabe traders how to implement his trading ideas. He has appeared in numerous media venues, including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He is also an ardent philanthropist and environmental activist, having co-founded Karmagawa and donated millions of dollars to charity.

Tim Sykes

  • category
    Personal Finance
  • Views
    152
  • Reviews
    1

2.1

trust score

1.8

brand audit

1.25

user’s score

1

user reviews

High risk
Fraud AllegationsYES LocationOrange, Connecticut, U.S. EducationTulane University DegreePhilosophy
Pump And Dump AllegationsYES Allegations Of RacismYES ProfessionPenny Stock Trader Net Worth$40M
Charity OrganizationsKarmagawa, Save The Reef Affiliate ProgramYES Parent CompanyMillionaire Media LLC SpouseBaianca (Unverified)
Trading StrategyVolatile Stocks Income SourceSelling Courses Number Of StudentsUnknown Date Of Birth15 April 1981
SeriesWall Street Warriors BookAn American Hedge Fund MotherJo-Ann Sykes FatherJoel Sykes
ReligionJewish TV AppearanceBelow Deck Complaints Received 17
An overview on Tim Sykes
Timothy Sykes is a figure that polarizes opinion in the finance and trading community, known primarily for his strategies in penny stock trading. Born on April 15, 1981, he gained media attention for turning around $12,000 of bar mitzvah gift money into more than $1.65 million through day trading penny stocks while attending college. Despite his demonstrated success in trading, his career, methodologies, and educational efforts are subjects of considerable debate and criticism.

Early Career and Transition

Sykes' early foray into the world of finance was marked by his establishment of a hedge fund during his senior year at Tulane University. Despite early accolades, including recognition from Barclay for running a top-performing small-cap fund, his hedge fund did not sustain its initial success, leading Sykes to close it and focus on trading his own account and on educational initiatives.

Trading Strategy

His trading strategy focuses on the high-risk, high-reward nature of penny stocks. These are often characterized by their extreme volatility and less-than-stellar reputation due to their susceptibility to manipulation and fraud. Sykes advocates for aggressive short-term trades to capitalize on this volatility. However, critics argue that his approach, while profitable for some, can be exceptionally risky and not suitable for the average investor, potentially leading to significant losses.

Educational Ventures and Criticism

Sykes has shifted much of his focus towards education, offering courses, DVDs, and a subscription-based service that provides trading alerts and strategies. While he claims to have turned several of his students into millionaires, his educational programs have not been without controversy. Critics point out the high cost of his materials and question the ethical implications of promoting such high-risk trading strategies to beginners. His marketing tactics, often showcasing a lavish lifestyle, have been criticized for potentially misleading followers about the realities and risks of trading penny stocks. Moreover, the efficacy of his trading strategies has been a point of contention. The lack of transparency regarding the success rate of his students, except for a few well-promoted cases, raises questions about the overall effectiveness and replicability of his methods.

Philanthropy Versus Self-Promotion

While Sykes has engaged in philanthropic efforts through the Timothy Sykes Foundation, which focuses on various causes, including education for underprivileged children, critics argue that these efforts are sometimes overshadowed by his self-promotional tactics. The blending of philanthropy with a personal brand that heavily emphasizes luxury and success can blur the lines between genuine altruism and marketing strategies designed to enhance his business ventures.
User score
1.25
Trust
experience
service
ethics
Pros
  • Low-cost subscription
  • Popularized Penny Stock Trading
  • Operates Multiple Charities
Cons
  • Promotes High Risk Strategies
  • No Guarantee Of Success
  • Dodgy Refund Policies
  • Dubious Fine Print In The Terms Of Service Agreement
  • Several Allegations Of "Scammer" From Users
  • Made Racist Remarks Against An African American Celebrity
3 RED FLAGS FOR Tim Sykes

Tim Sykes has a consumer rating of 1.25 stars from 1 consumer complaints and reviews indicating that most customers are NOT satisfied with their experience. Consumers unhappy with Tim Sykes most frequently mention bad support and high costs.

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critical intel on Tim Sykes

Critical Review On Tim Sykes

The review sheds light on a user’s disappointing experience with a trading program by someone named TS. Initially intrigued by relentless promotions, the user decided to test the program, choosing the least expensive option called “super nova” for $7. Expecting to learn TS’s trading setup for achieving supernova status, the user instead encountered a 30-minute sales pitch. TS boasted about creating millionaire students and hinted at the user’s potential to join their ranks, failing to provide the promised trading insights. This experience underscores the importance of skepticism towards programs offering success with little evidence or substantial educational content.

Reviewer NameKyle Number of Reviews3 CountryUS Rating1 out of 5 stars
Verification StatusVerified Product NameSuper Nova "training" Review DateDec 10, 2020

Top 3 negative keyword association :

  • Horrible Course
  • Bad Support
  • Super Nova Training
Critical Review On Tim Sykes

This report features a 1-star review from an affiliate who faced issues with the program, reporting no commissions despite referring over 550 qualified leads—a significant concern given the expected conversion rates. The reviewer accuses us of falsifying reports and questions the legitimacy of the positive reviews, suspecting them to be inauthentic. They also highlight a lack of support from the team, especially when attempting to address these concerns with the affiliate department. This feedback suggests a need to thoroughly investigate the affiliate program’s reporting accuracy, customer support responsiveness, and the authenticity of the review process.

SourceTrustpilot Date2023 Rating1/5

Top 3 negative keyword association :

  • Review
  • Complaint
  • Trustpilot
  • Fake Reviews
Critical Review On Tim Sykes

This report highlights a 1-star review from a customer disappointed by the course. They felt misled by promises of becoming a millionaire, suggesting the course’s real value lies in sales, not in teaching effective stock trading. The reviewer also complains about persistent, unwanted emails after finishing the course. This feedback points to the need for revisiting the course’s content and marketing strategy, and fixing the email communication issues.

SourceTrustpilot Rating1/5 Fake Or Legit?Legit Date2023

Top 3 negative keyword association :

  • Review
  • Complaint
  • Trustpilot

1 Comments

Tim Sykes has a consumer rating of 1.25 stars from 1 consumer complaints.
  1. trust
    2.5
    Experience
    1.5
    Service
    1.5
    ethics
    1.5

    Tim is a scammer. He has not refunded my money.

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