TIMOTHY SYKES - Trading Penny Stocks (An American Hedge Fund)
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- Опубликовано: 14 авг 2020
- TIMOTHY SYKES - Trading Penny Stocks (An American Hedge Fund)
Timothy Sykes is possibly the most famous penny stock trader alive, he has profited multi-millions from trading small cap stocks and became a penny stock millionaire in the process.
He eventually progressed to create a hedge fund but found that he was unable to trade the penny stocks he could as a private stock trader with a smaller trading account.
He took advantage of what is now referred to as the dot com bubble which closely resembles the asset bubble theory.
Timothy Sykes now focuses his attention on teaching other traders to become stock trading millionaires, trading micro cap stocks. His website is profit.ly
Links:-
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As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.
I also offer a paid subscription service for those looking to see all my investment decisions.bit.ly/40S034v
Thank you for summarizing this book, and I'm not wasting my time buying that book.
Thanks Timothy👍
Great summary! Tim Sykes is the Greatest Showman for penny stocks! Thanks for covering his book. Confirms other people's review / opinion of book. Main lesson of the book - cut losses quickly. Thanks again and keep on reviewing!
Thanks Billings👍
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
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Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM)
Stockopedia - bit.ly/2YIcAIn (25% Discount)
Your series is gold.....real money.
Knowledge supports growth & development.
Great, thanks a lot.
You are welcome Umut!👍
Thanks for the video!.... Because of you I'm making profits now!....Keep up the good work!
Fantastic!🙏
He’s a good dude
Needs more views great channel
Thanks Many🙏
That was an awesome video. Thanks for the effort in making it. The most important message I got is to cut your losses short. Like Jesse Livermore said, NEVER ARGUE WITH THE TAPE.
Glad you enjoyed it!👍
Financial Wisdom Waiting passionately for your next video😁😊
Great videos from you. Thanks for your time. Is there any way you can do some videos on proven strategies for swing trading or options from these gurus...
Thanks Ravi, sure i'll see what i can do in the future 👍
Fascinating study of trading psychology. Many useful takeaways. I was particularly struck by the difference between Sykes' success as an individual trader and his relative failure when he started a hedge fund. Many thanks for another excellent production. And yes, 2 stars was a fair verdict (your lowest rating so far I believe).
Thanks William, it was a risky choice but it should be good for the channel algorithm😉
I can't say whether Tim Sykes is fake or not. I first heard of him on a show called Wall Street Warriors. He was on season 1 trying to get financing to start his Hedge Fund. My ultimate point is about 10+ years ago I read the book Pit Bull by Martin "Buzzy" Schwartz (which they did a video on). He was a VERY $UCCE$$FUL Trader. He turned $40,000 into $20 Million. He'd been an Independent trader his whole life & when he started his own Hedge Fund because he wanted to make more 💰, he literally almost lost his life because of the stress of having to answer to his investors & them questioning him about losses & position sizing etc. He finally shut it down after he had a heart attack. He went back to trading for his self. 🤷♂️
@@kingpinstatus916 Too much money just brings more stress
I feel like Sykes YOLOed his bar mitzvah money and got lucky during a recovery market. Then he started selling courses teaching basic trading knowledge. I don't consider him a real trader.
Same page..
Not a recovery but a bubble
This video took very long but it was a great video. 👏👏👏
Glad you liked it!
Sykes’s trading strategy will be much harder for a novice trader to follow than that taught by Mark Minervini and William O’Neil.
Completely agree 👍
However sykes strategy can offer much better returns
Very very nice video sir 👌
Please make video on security analysis book summary
As soon as i can👍
Great honest. Book review
Thank you!
Sykes is a Marketeer more than a trader. Took a course, and throwing money around was pretty vulgar. Some of his students are real traders now though.
Hi Andrew, i cant disagree..👍
Please do Wall Street Money Machine by Wade Cook. It is not as popular but I thought it was a decent book
Thanks Cameron i'll take a look👍
The weakness I see here is that the penny stock trading took place during a particularly bullish market. It would have been relatively easy to score big gains during this time.
Penny stocks + large newsletter with recommendations: that’s the secret to get rich 😂
13:45 This looks very much like NASDAQ on 15th April 2022. Stop losses at the ready!
Hey, i wanted to ask you if you trade penny stocks, if not then what do you trade options, futures, stocks, forex or commodities. And are you a swing trader or day trader. Hope you will reply.
Hi Saurabh, I use a hybrid method. Weekly charts for specific technical setups backed up by fundamentals, often growth & momentum attributes. It suits my style..👍 If i can get to 50 videos and I have enough interest I may create a video on my method.
@@FinancialWisdom Ok I'll be waiting for it. But for now just reveal what do you trade and what are your annual returns.
@@Monix_7 Hi - European and US stocks. To summarise; 59% strike rate, 4.04 risk on reward, average loss is 5.85% average win is 23.66%. Creating a positive risk reward through risk management is key - this can be applied to any strategy, i choose my method because it suits my personality and lifestyle. Hope that helps.
@@FinancialWisdomDo you use leverage?
@@Monix_7 Yes i use CFD's, up to 2:1 depending on the market phase we are in, but please remember I have a lot of experience and strong risk management, I would advise against using leverage for anyone who has not got a considerable track record.
The original WSB!!!!!
Timmy, referred to as " college boy " classic...
5 MIN DONE (2) ALCHEMY OF FINANCE 1 HR 20 MIN CONTINUE LATER
what happened to him recently. is he still rich?
No idea, probably but no doubt of members and not through his technique, which is focused on high risk small caps.
A lot of people think you need $10,000 to start trading...THATS RIDICULOUS
Everything is relative I guess.
@@FinancialWisdom Thats what he says on his ad that plays before 90% of my videos xD. You know where he throws the stacks of money at the screen
This guy sounds like he used a pump and dump strat lol
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
@Samanthwalter Archie That sounds great and how do i connect with her ?
@Samanthwalter Archie Okay i just found her website and left a message for her. thanks.
Sykes is no different from the Wallstreet bets clowns today. He was purely LUCKY. He didn't go into technical criteria, because he didn't have any 😂. The smartest thing he did was not trade during the downturn. That deserves respect, the rest of his advice is clownish at best. The book was probably aimed as a cash grab.
he teaches gambling
Very close to I agree
I don't believe Thimoty
Isn't Sykes more of a useless trading course hustler? That's my impression of him anyway, that he made his money by pushing some overpriced basic trading strategy courses to hapless people who wanted to strike gold during the last bull market.
I find it hard to disagree.
I started my own trading lately I bet you, if it wasn't the help of an expert Mr. Calos Benjamin , i would have been receiving with swindlers pretending to be real genuine traders.
Months of dedication and active trading have made me over $6000 every week with his valid strategies.
What's the best way to reach him?
Sentiments shouldn't be embedded on trading either you have a delivery expert that helps you out in your trading investments or consider yourself hit rock in the market.
I have traded with Mr Calos Benjamin several times. His been diligent for the past 2 yrs with a remarkable results.
I totally agree with you guys