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.
Sykes is a failed trader and disgusting attention whore. It takes no more than 30 seconds on the internet to find out what a piece of shit that guy is. For goodness sakes, the guy was banned from a "Trader magazine" party and was exposed as a fraud and ridiculed. Anyone paying to follow that scumbag deserves what they get.
Randall Lane, editor of Forbes, documents the Sykes/trader monthly party fiasco in his great book, The Zeros. Sykes gets banned then shows up with a news crew. It's a great read regardless of your opinion of Sykes. http://www.amazon.com/The-Zeroes-Mi...689790&sr=8-1&keywords=The+zeros+randall+lane
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.....
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
i dont get why theres all this hate. he traded successfully in the past, made his money, and now hes reaping the rewards.
he claims he'll make 10-20MM on his blog..... http://www.forbes.com/sites/elainep...-sykes-created-his-multi-million-dollar-blog/
worrying about what other make will do a few things, (1) keep you from making more money, (2) giving them more press. So either sue this guy or make cash yourself....or do what he does. there are still enough jokers out there who will spend money on junk. tim might be that football player who isn't good, but that player gets the paycheck while others troll. who really wins?