Sykes is also an American penny stock trader and entrepreneur.
Timothy Sykes had an early lucky break in life when in 1999 while still at school he used $12,415 of his bar mitzvah gift money and began day trading penny stocks. His return on investment would put to shame some of the big established money managers on Wall Street.
At the age of just 21 years, Sykes managed to turn $12,415 into about $1.65 million.
Timothy Sykes graduated from Tulane University in 2003 with a bachelor’s degree in philosophy and a minor in business.
While at Tulane, Sykes would routinely cut class to day trade.
In 2003 Timothy Sykes founded Cilantro Fund Management, a short bias hedge fund, using $1 million mostly from Sykes’ friends and family.
In 2008 Sykes decided to recreate his initial investing success by again starting with $12,415. He named the attempt Transparent Investment Management (TIM). After two years, Sykes turned the sum into $90,368 and was the top-ranked trader on Covestor.
Timothy Sykes is best known as the university student who made $1.65 million by day trading while attending Tulane University.
Timothy Sykes made most of his fortune investing in risky penny stocks.
“The key to success is to work harder than other people be meticulous when trading do your due diligence”.
He tends to watch the market and he waits patiently for the right moment to trade.
“When I trade a feel like I am a sniper” said Sykes.
He likes to think of himself as a retired trader who only trades when he has to. Don’t over trade. Don’t trade because you are bored and want some action” said Timothy Sykes. He goes into every trade with a plan, he then watches the trade like a hawk and gets out either locking in a profit or a loss.
“Treat trading like a business and be meticulous” said Timothy Sykes.What is his aim? “I want to change the finance industry” said Sykes.
His challenge is to create millionaire students. Already two of his students are millionaires. “I want to create more millionaires”, he said.
What is Timothy Sykes philosophy?
“Celebrate the highs, learn to respect the lows work your ass off and live a good life”.
Timothy Sykes’s Top 10 Rules For Success:
1) Study the past
2) keep an open mind
3) Go with the flow
4) Use everything
5) Get Yourself out there
6) Don’t take the traditional route
7) Focus on what you love
9) Respect the journey
10) Don’t be Afraid to fail
Treat trading like a business and be meticulous – Timothy Sykes
Timothy Sykes self-published An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund in 2007. The book documented Sykes’ experiences from day-trading in college to becoming a wealthy hedge fund manager.
Timothy Sykes co-founded Profit.ly in 2011, a social service with about 20,000 users that provides stock trade information online. The service creates public track records for gurus, newsletter writers and students and enables traders to learn from both the wins and losses of other traders.
In December 2013, CNN Money wrote an article on Sykes and his student Tim Grittani. Under Timothy Sykes’s guidance and coaching, Grittani turned $1,500 into over $1 million in 3 years. Grittani was Sykes’s second student to earn over $1 million following Sykes’s strategies.
Timothy Sykes founded the Timothy Sykes Foundation, which has raised $600,000 and has partnered with Make-a-Wish Foundation and the Boys and Girls Club.
In February 2017, Timothy Sykes donated $1 million to Pencils of Promise to help build 20 new primary schools across Ghana, Guatemala, and Laos, to be completed between 2017 and 2018.
The key to success is to work harder than other people be meticulous when trading do your due diligence – Timothy Sykes
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