Timothy Sykes-The “Penny Stock King”
Timothy Sykes is an American investor and entrepreneur whose main specialty of trade is penny stock trading and he’s most famous for becoming a self-made millionaire by the age of 21 as a result of growing his $12,415 Bar Mitzvah gift money into $1.65 million in just 3 years (from 1999-2002) through trading thousands of penny stocks while pursuing his Bachelor’s Degree in Philosophy from Tulane University.
Timothy Sykes’ Bio
Name: Timothy Sykes
Born: 1981 (Orange, Connecticut)
Nationality: American
Occupation: Penny Stock Trader, Investor, Author
Credited For: Revealing to people how to profit from short selling of penny stocks
Timothy Sykes’ Early Life
Timothy Sykes was born in 1981 in Orange, Connecticut and he attended Tulane University where he majored in Philosophy and minored in Business in 2003.
Timothy Sykes’ Ventures Into Business
While still in Tulane University, Timothy Sykes often skipped classes in favor of trading penny stocks and this saw him becoming a millionaire by the age of 21 as a result of growing his $12,415 Bar Mitzvah gift money into $1.65 million in just 3 years (from 1999-2002).
In 2003 during his senior year, Sykes founded Cilantro Fund Management LLC; a hedge fund that was based in New York City and which was ranked the first Short Bias Hedge Fund from 2003-2006 by Barclay Hedge before it closed in late 2007 after losing 35% of its value due to an illiquid investment he made by trying long term investing rather than trading. He was featured in Trader Monthly’s ‘Top 30 Under 30′ in 2006.
Later on in the same year his hedge fund went under, Timothy Sykesbecame the #1 ranked trader out of
more than 60,000 traders on Covestor; a platform that verifies trades and performance. He held this position for more than 4 years.
While still feeling depressed and embarrassed due to prematurely closing his hedge fund, Timothy Sykes appeared in 5 of the 6 episodes of “Wall Street Warriors” after a TV producer asked him to make an appearance in his then upcoming documentary.
The Wall Street Warriors became quite popular and it inspired many people who wrote Sykes hundreds of emails on a daily basis wanting to know more about him and his trading strategies but because he was a hedge fund manager, Sykes was not allowed to answer any of his viewers questions and this prompted him to go against the hedge fund industry’s status-quo by not only making public his trading tactics but also writing a book titled “An American Hedge Fund” where he detailed all his experiences as a hedge fund manager as well as publishing financial newsletters and instructional DVD packages. Wall Street Warriors has since then been aired in more than 20 countries.
During his years as an entrepreneur, Timothy Sykes has founded Profit.ly; a community of over 18,000 traders who openly share their individual performance and trades with each other in an effort to learn from each other, and Investimonials.com; a community of over 30,000 investors & traders who have reviewed more than 20,000 financial products such as brokers, blogs, newsletters and websites just to mention a few.
Timothy Sykes’ The Author And Media Personality
Timothy Sykes has authored a book titled “An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund” and he’s also been featured in Young Money, CNBC, ABC, CNN, CBS, TheStreet.com, Marketwatch, Businessweek, The New York Times and in the reality television show Wall Street Warriors.
Timothy Sykes currently has more than 2000 students from over 60 countries whom he teaches how to profit from short-selling stocks (penny stocks) and in the past 4 years his students have earned more than $5 million in profits as of July 2012.
He’s also an active financial activist exposing companies, corporations and even individuals who are involved in “pump and dump” schemes.
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