Timothy Sykes is a well-known stock trader who became famous after turning an initial investment of $12,415 into $7,310,865 during his time in college. He is currently listed as a trading expert on profit
a bit of background
Although Tim Sykes is perhaps best known for his successful trading in riskier stocks, he has many other awards and accomplishments under his belt.
Before becoming a profitable trader focusing primarily on penny stocks, Sykes was a middle-class young boy growing up in Connecticut. Although Tim has always been intrigued by the idea of stock trading, it wasn’t always his first career choice.
In fact, Tim didn’t commit to a life of trading until an injury put his successful tennis career on the forefront. After the injury, Tim seriously decided to trade.
After getting $12,415 in Bar Mitzvah money, Tim Sykes convinced his parents to let him invest his money and start trading stocks. His initial investments started in 1999, before he headed off to college.
Tim began attending Tulane University in 2000, where he studied for a Bachelor of Arts in Philosophy (with a minor in Business). He graduated in 2003, despite routinely skipping classes to pursue his day-to-day business endeavors.
However, in addition to the effort he put into his studies, his efforts in trading high-risk stocks are also paying off. By the time he graduated, Tim was a self-made millionaire.
In just three years, Timothy Sykes has turned $12,415 into a total of $1.65 million.
Where was Timothy Sykes before profit?
After college, Timothy’s successful trading performance led him to create Cilantro Fund, a short bias hedge fund. However, instead of his usual trading activities, Tim tried long-term strategies with a hedge fund.
Unfortunately, this did not go over well for him. Tim Sykes’ fund lost 35% on the stock market before the crash. However, it was around this time that he began to gain recognition across the entire industry.
This admission prompted Tim to self-publish a book called “An American Hedge Fund: How I Made $2 Million as a Stock Operator and Started a Hedge Fund,” which documented his financial journey—warts and all—so far.
From here, Tim went on to appear on Wall Street Warriors, a documentary/reality TV show focusing on Wall Street entrepreneurs and the popular stock trading industry.
He also worked as a newsletter writer for TheStreet from 2007 to 2008.
Currently, Tim Sykes is the CEO of TLC Media LLC, the company behind Profit.ly. Profitly is a unique trade tracking and trade education business. Of course, many other websites offer tracking and trading courses, but that is not what makes this trading education business any different.
Profit is unique in the sense that it adds a social media feel to trading, via trading chat, forums, and trading engagement. In other words, investors can see the market movements of other users and – if they wish – share their own trades as well.
The website also shares trading records for the teachers, so you’ll be able to use the service to see what trades Tim has made recently. You can also sign up for Tim’s trading courses, which will provide you with investment advice based on Tim’s trading strategies.
With an ever-expanding user base of over 150,000 users (many of them millionaire students), Profit.ly is the most unique service Tim has ever brought to the public.
Apart from Profit.ly, Tim has also been responsible for a few other resources. In addition to publishing newsletters and educational DVD compilations, he designed StocksToTrade (which doubles as a stock monitor/trading platform) and created Investimonials, a website designed to give users reviews on different types of financial products.
Timothy also offers a coin trading course called The Millionaire Challenge. For a $197 per month subscription, this course will give you access to Tim’s various educational trading materials and a chat room dedicated to penny stock trading.
Other services offered include “Tim’s Alerts” and “Pennystocking Silver”.
- Tim Alerts It gives members trading alerts, access to daily stock recommendations, ProfiDing trading alerts, and access to a chat room.
- Pennystocking silver It builds on these services, adding more than 6,000 video lessons and additional weekly lessons into the mix.
Tim’s most notable achievement was his initial commercial performance during his time in college. Starting with just $12,415, Tim took to the stock market and turned his initial investment into an impressive $1.65 in just a few years.
Tim currently has an estimated net worth of $15 million.