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    Forums ›› Trading for a Living ›› Career Trader ›› How's Tim Sykes making more money selling alerts than trading?  


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traderchi128
 

Registered: Feb 2012
Posts: 341

 

07-31-12 03:49 AM


Quote from Traveler:

Very common. I'd bet there's more money in the brokerage side of it than in selling signals. Referrals for new accounts and % of commissions. Probably without any government oversight or having to register NFA, RIA, etc. If the edge were that strong or scalable, he'd keep it for himself or start a fund.

And if you just want to play the microcap space, there are plenty of competent bloggers who cover it for free.




The thing is......too many people (especially new traders) are looking for the holy grail.....the "easy" trades. They don't want to put in the time/effort that it takes. They see Sykes ridiculous used car salesman-like website and sign up for his dog and pony show.

I guess an infomercial that comes on at 3 a.m. with him can't be too far away.....

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TraDaToR
 

Registered: Dec 2006
Posts: 3771

 

07-31-12 02:04 PM

20 k per week? It's not just at trading stocks that he is bad.

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RedDuke
 

Registered: Feb 2005
Posts: 2495

 

07-31-12 04:38 PM


Quote from marketsurfer:

Hey Duke, its great to see you again. Yes, things are great, hope the same for you.

However, I see Sykes as the counterbalance to the penny stock hype masters that put high energy and millions into pumping worthless stocks. What he teaches really does seem to work, its an edge on a small scale for some traders. I truly don't think its immoral or unethical --- Maybe I am missing something, I am open to hear other thoughts--but since when is teaching others how to short overhyped stocks a moral issue?



All is well. Planning to launch a fund in not too distant future. How is married life?

My issue is that he sells something that just does not work. That being said, I never tried his staff since have zero interest in his strategy.

Regards,
redduke

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