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When the series aired, hundreds of people emailed him wanting to learn about penny stock trading. As you would imagine his unique story got a lot of media attention which led to him starring in season 1 of Wall Street Warriors, a popular reality TV show. Sykes was listed in Trader Monthly’s ”30 under 30” in 2006 as one of the top traders on Wall Street. It’s possible to make $1 to $2 million per year shorting penny stocks not tens of millions. This led to Tim starting a hedge fund (the Cilantro Fund) during his last year at Tulane University.Īt its peak, the fund only had $3 million under management because short selling penny stocks isn’t a scalable strategy. Due to his success, family and friends wanted him to invest their money. Little did they know, they created a monster! Tim would later turn that sum of $12,415 into $1.65 million trading 100’s of penny stocks during the dot-com bubble.
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Backgroundīorn in Orange, Connecticut, in 1981, Tim began trading at a young age when his parents gave him full control of his bar mitzvah gift money! Thinking he would lose it all, his parents wanted to teach him a lesson about money. Hopefully in my review, I can help you decide if signing up for his service is worth the time and money. A large part of this is down to his non-stop marketing and how he promotes himself on social media. The self-made millionaire has become synonymous with the world of penny stocks and day trading. Timothy Sykes is a well-known penny stock trader and entrepreneur.