UPDATE: We no longer recommend Timothy Sykes and his company Profit.ly
On the surface Timothy Sykes and his company Profit.ly seem fairly legit. Search for his name or his company’s name and it’s pretty much all positive reviews. Maybe he did make a lot of money day trading and maybe he does deliver solid training, but there are red flags.
The problem is that the majority of the reviews are affiliates who earn a commission to promote them. One site does have a lot of “customer” reviews but that site is notorious for companies being able to flood it with fake reviews. Sure enough most of the Timothy Sykes reviews are people who have never left any other reviews with their accounts. The wording of those reviews is very suspect. There’s even reviews from people who even say they haven’t even started using the service. Why are people like that even leaving a review? The only explanation I can think of is that it’s from a cheap paid review service. I say cheap as they’re not even making their reviews look like they’re from a legit customer. As I can’t technically prove my suspicions this is just my personal opinion but I have a lot of experience looking into customer reviews like that. Use your own judgement.
If his service is so good, why does it look like he is flooding a customer review with fake reviews? Taking that approach gives the impression that he is trying to hide something.
I did manage to find a couple very negative posts about Timothy Sykes but they are very tough to find. I have done work with a reputation management company. So I know it’s relatively easy to get a lawyer to remove certain search results. Or there are other reputation management techniques to bury any negative content.
Here are some of the negative posts:
During the time I was promoting Timothy Sykes on my website we somehow didn’t see a single sale. I don’t know if his website’s conversion rates are extremely low or if there is dishonest reporting. With the amount and quality of the traffic I was sending, I have a very tough time believing the reporting was accurate. To me it aligns with a company that seems to be buying fake reviews. This is what led me to really dig into this company’s reviews with a critical eye.
For anyone looking for legit stock trading advice, I recommend you check out these reputable companies:
- Mindful Trader – Eric Ferguson is as honest and transparent as they come. He’s the rare person providing an investing service who truly puts people first. I’ve talked to still him numerous times and I’d recommend him and his service any day. As it’s a fairly new service the price is still very reasonable.
- Motley Fool Stock Advisor – While they won’t recommend enough stocks for an active trader you can be sure the stocks they do recommend are solid choices. They have a long history or delivering successful picks. Traders may also benefit from short term trading of their picks due to Motley Fool’s large following.
- Earn2Trade – Many investors might not know about the rapidly growing prop trading industry. There are now many companies who will help improve your trading skills and then let you trade with their own capital. You get the bulk of the profits but you do have to follow pretty strict rules which are in place to limit their risk. Earn2Trade has the reputation as providing the best trader training while still offering a very generous profit split.
We will leave the old review intact below but proceed with caution. Do thorough research if you still want to take the risk with this suspicious company.
Timothy Sykes is a well-known penny stock trader who became famous after turning an initial investment of $12,415 into $7,310,865 during his time in college. He’s currently listed as a trading Guru on Profit.ly
A Bit of Background
Although Tim Sykes is perhaps best known for his successful high-risk penny stock trading, he has many other accolades and achievements under his belt.
Before becoming a profitable trader who focuses primarily on penny stocks, Sykes was a young, middle-class boy growing up in Connecticut. Although Tim had always been enamored by the idea of trading stocks, this wasn’t always his first career choice.
In fact, Tim didn’t commit to a life of trading until an injury put his then-successful tennis career on the back burner. After the injury, Tim made the decision to get serious about trading.
After receiving $12,415 in Bar Mitzvah money, Tim Sykes convinced his parents to let him invest his money and start trading stocks. His initial investments began in 1999, just before he headed off to college.
Tim began attending Tulane University in 2000, studying for a Bachelor of Arts in Philosophy (with a minor in business). He graduated in 2003, despite routinely skipping classes in pursuit of his day trading endeavors.
However, in addition to the effort he put into his studies, his efforts in high-risk penny stock trading also paid off. By the time he graduated, Tim was a self-made millionaire.
In only three years, Timothy Sykes had turned $12,415 into a grand total of $1.65 million.
Where was Timothy Sykes before Profitly?
After college, Timothy’s successful trading performance prompted him to establish Cilantro Fund, a short bias hedge fund. However, rather than his usual trading activities, Tim tried using long-term strategies with the hedge fund.
Unfortunately, this didn’t play out well for him. Tim Sykes’ fund lost 35% in the stock market before collapsing. However, it was around this time that he began to gain recognition across the entire industry.
This recognition prompted Tim to self-publish a book, “An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund”, which documented his financial journey—warts and all—so far.
From here, Tim went on to appear on the show “Wall Street Warriors,” a documentary/reality TV show that focused on Wall Street entrepreneurs and the famous stock market trading industry.
He also served as a newsletter writer for TheStreet from 2007 to 2008.
Currently, Tim Sykes is the CEO of TLC Media LLC, the company behind Profit.ly. Profitly is a unique trade tracking and trading education business. Of course, many other websites offer tracking and trading courses, but that’s not what makes this trading education business different.
Profitly is unique in the sense that it adds a sense of social media to trading, via trading chat, forums, and trade sharing. In other words, investors can see the market movements of other users and—if they wish—share their own trades as well.
The website even shares trading records for gurus, so you’ll be able to use the service to see what trades Tim has made recently. You can also subscribe to Tim’s own trading courses, which will provide you with investing guidance based on Tim’s trading strategies.
With an ever-expanding user base of over 150,000 users (many of which the website claims are millionaire students), Profit.ly is the most unique service Tim has ever released to the public.
Aside from Profit.ly, Tim has also been responsible for a few other resources. In addition to publishing newsletters and instructional DVD sets, he designed StocksToTrade (which doubles as a stock screener/trading platform) and set up Investimonials, a website designed to give users reviews on various types of financial products.
Timothy also offers a penny trading course called the “Millionaire Challenge.” For a subscription of $197/month, this course will give you access to Tim’s various education trading materials and a dedicated penny stock trading chat room.
Other services offered include “Tim’s Alerts” and “Pennystocking Silver.”
- Tim’s Alerts gives members trading alerts, access to the daily stock recommendations, ProfiDing trade alerts, and chat room access.
- Pennystocking Silver builds upon these services, adding over 6,000 video lessons and additional weekly lessons into the mix.
Tim’s most notable accomplishment was his initial trading performance during his time at college. Starting with only $12,415, Tim took to the stock market and turned his initial investment into an impressive sum of $1.65 within only a few years.
Tim currently has an estimated net worth of $15 million.