Is Tim Sykes really a scammer?

No clue, you need to ask Sykes or his students who are/were also high ranking on covestor--- all I know, is I saw the guy short a penny stock and earn $$ when I was at his house in Miami.... the girls, cars, etc are also very real. surf

 

Using the same analogy to traders as was used analyzing classical musicians in the book "Outliers" by Malcolm Gladwell i.e.

top tier musicians - soloist

2nd tier musicians - symphony orchestra members

3rd tier musicians - music teachers

thus if we use the same analogy to traders

top tier traders - hedge fund partners, bank prop desks and CTAs

2nd tier traders - trading own and perhaps friends & family money

3rd tier traders - teaching noobs to supplement trading income

Imagine if you went to David Tepper or any other top trader and asked him/them to teach noobs for a small fee, I have no doubt
he will kick you out of his office quicker than you can say David.


ps I do not know if Tim Sykes is a scammer or not

 

LOL!

surf

 

I checked Timothy Sykes system out. He is legit in his techniques. Don't know anything else about him. As for his system I know it works because I have been involved with stock promoters and have first hand experience of how the penny stock pump and dumps work. He is legit in his techniques!

The catch with the system is it is not scalable so big traders stay away because there is no money in it. A few mil to a big trader or fund is a waste of time. That is petty cash for yachts and toys!

 

No question about it.
Surf

 

So I'll leave it to you to tell which part is true and which part is pure bullshit.

 

To an extent. Not all of them are hard to borrow. Supposedly he uses some high net worth broker (skeptical about this one) but Suretrader does at times have shares to short that he mentions in the penny world. He does show his trades recorded and calls them live so he cant really lie about that.

 

You're probably right but I have been in his chat for an amount of time and he is way too obnoxious. I mean he calls his subscribers idiots and morons poor and such. Surprised many of them still stick around.

 

...are you one of the "challenge students"?

 

Yes, legit for himself no doubt with his followers moving the market for him. But could he time penny stocks without them?