Maybe you’ve heard of stock trader Timothy Sykes, and maybe you haven’t. Sykes has made millions trading stocks at a very young age. Starting in high school, and using $12,415 from his bar mitzvah, he parlayed – or traded – it into a multi-million dollar fortune.
Now he’s teaching others to do the same through a long-term trading newsletter he offers on the Profit.ly website.
What is Profit.ly?
Profit.ly is a site that Tim Sykes co-founded in 2011. The site provides stock trade information online. According to Sykes, the site serves two purposes, “creating a public track record for (investment) gurus, newsletter writers and students, and allowing everyone to learn from both the wins and losses of other traders to the benefit the entire industry.”
There are currently five gurus on Profit.ly who teach traders how to profit from trading, one of whom is Tim Sykes himself. The site claims more than 20,000 users, and is being used by other services to verify trades and track records.
More about Tim Sykes
Born in 1981, Sykes achieved millionaire status in his early 20s. Though he has held various posts in the investment world over the years, he always comes back to his passion – trading. More recently, he’s been offering training in trading to students, to share his knowledge.
Today Sykes has over 2,500 students from at least 65 countries in his stock trading training program.
In December 2013, Reuters ran an article Veteran Trader Timothy Sykes Creates Two Millionaire Students, Proving the Average Joe Can Outperform Wall Street’s Big Boys, announcing that Sykes had turned two students into millionaires through his trading system. One student, 24 year old recent college graduate, Tim Grittani, converted $1,500 into just over $1 million in about two and a half years.
Said Sykes in the Reuters article:
“I am so proud of Michael and Tim for being my first millionaire students,” said Sykes, founder of Millionaire Media and Profit.ly. “I have the formula to make anyone a millionaire and the success of my students proves that my strategy works as they’ve become millionaires in just a few short years like I did. My students come from all walks of life around the world, which shows that no matter who you are or where you come from, I can lead anyone to wealth and success if they just follow my rules.”
Tim Sykes is moving his proven trading success into long-term stock picks.
Tim Sykes New Stock Picking Service: TIMlongterm
During the years that Sykes made millions trading short-term, he also made more than $1 million on long-term trades. He discovered something while making short-term trades: when you make short-term trades, you become aware of richer long-term investment opportunities.
For this reason, he has introduced TIMlongterm. Sykes believes that long-term trades may hold even greater potential than short-term trades. The newsletter deals with long-term trades only, those lasting anywhere from a few days to a few months.
TIMlongterm will provide 3-6 stock picks per month, and will post stock watches of anywhere from ten to 30 stocks per week. It will also include emails and text messages reporting his long-term buys. They are primarily lower priced stocks, even some penny stocks, since they tend to have greater upside price potential.
The newsletter is designed for the investor who is either lazy or busy. That is, it will provide the actual stock picks for you so that you don’t have to pick them yourself and do all the research. The target is to find stocks that can spike significantly in price in a matter of days, weeks or months.
Tim believes that after a year of following the picks he and his staff choose that you’ll begin to learn the ropes of long-term trading, well enough to do it successfully on your own.
Signing up for TIMlongterm
The newsletter is $1,997 per year, which an annual fee. Sykes feels that long-term trading requires a long-term commitment, which is why it is not available on a monthly subscription.
TIMlongterm is described on the Profit.ly website as:
“Longer term stock picks, research and watchlists from multi-millionaire trader Timothy Sykes. This newsletter focuses purely on longs, no shorts and the holding period will range from days to months, never day trading as Tim has had several 50-100% winners over the past few months alone thanks to the bull market.”
The newsletter also entitles you to the following:
- Weekly Stock Watchlist
- Realtime Email/SMS Trade Alerts
- Realtime ProfiDing Trade Alerts
- Video Lesson Library
- Weekly Video Lessons
Tim Sykes is transferring his success in short-term trading to long-term; are you ready to take the plunge?