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Timothy Sykes Scam?

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Written by Timothy Sykes
Updated 1/26/2023 4 min read

..or Tim Sykes Scam or Timothy Sykes fraud or Tim Sykes fraud…I get lots of website traffic by people searching these keywords.

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It’s pathetic! How can I be a scam/fraud when I detail all my trades (most are telegraphed ahead of time in my premarket watchlists for TIMalert subscribers and PennyStocking Silver subscribers only), they are all verified by Covestor (where I am #1 out of 40,000 traders), blah blah, blah, I’m a friggin open book and anybody whose got anything bad to say can contact me and I’ll post our probable useless conversation.

The reasons why some people think this are:

1.) TimothySykesExposed.com: an abitious affiliate of mine (I was pissed when I first discovered him, but then lightened up when he became my #1 affiliate…go ahead and signup to his “free report before Tim’s lawyers shut him down” LOL

2.) I call traders and “gurus” out on being cowards/frauds for not showing their trades and track records…finance people are freaks/dinosaurs and they don’t understand the importance of transparency…they like to attack me just as I’ve attacked them…unfortunately, whenever anyone researches me for an extended period of time, they will inevitably come to the conclusion that I am 100% real…because I am…and my former #1 hater, Michael Goode, has become one of my top students, up over $120,000…see his initial blog post thinking I was a fraud.

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3.) I’m not just into transparency for the fun of it, I’m al the #1 ranked trader out of 40,000 traders who share their verified trades on Covestor…very sad that I am the only newsletter writer on the leaderboard…did I mention yet that this industry is filled with frauds?

4.) My instructional DVD packages, 4 newsletters and TIMalerts are aimed at educating people on how to profit from the evil actions of stock promoters and other nefarious people who manipulate penny stocks…these people aren’t necessarily thrilled that I am teaching everyone so they try to discredit me.

5.) I distrust 99.9% of people online and I dislike 99% of them…most people in finance and on the internet are absolute wastes of my time and yours and they should be told that repeatedly until it sinks in…especially people who trade penny stocks and Direxion Daily Finan. Bear 3X Shs (FAZ) and Direxion Daily Finan. Bull 3X Shs (FAS). seriously, you can’t reward them, like training a dog, you must discipline so they knwo when they’re bad.

6.) I trade penny stocks= the finance world hates penny stocks for their volatility and manipulation (they forgot predictability, but that would require intelligence which most people in finance aren’t lucky enough to posses…as evidenced by our near economic meltdown based on debt and leverage). I hate the finance world for their ignorance, hypocrisy, narrow-mindedness, on and on and on…of course people are gonna put me down just as I do them…except I’m 100% transparent so I crush them like the little corrupt bugs that they are.

7.) I sell instructional DVD packages and even though they’re useful, that industry is despised even more than penny stocks, mostly due to scams like The Video Professor.

But hey, you can think whatever you want, I ain’t gonna change anytime soon and no matter what people say, I once turned $12k into $2 million and I’m on a good track again to do it, this time around detailing every step of the way…already up 800% in just 2 years, a feat previously thought to be impossible without using leverage and especially not possible for “random” penny stocks….it’s just palin stupid to ignore me, my lessons and my experience.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”