Is Tim Sykes really a scammer?

Status
Not open for further replies.
Quote from Jreality:

LOL...I agree with your point...also Tim Sykes runs profit.ly as well. That makes me suspicious that any favorable information about him on those sites may not exactly be the unbiased truth...LOL. (even though I do like Investimonials in general).

My opinion is that Sykes is taking advantage of suckers in a dishonest way. Even if the trades are actually profitable overall, he is likely front-running the trades. If that's the case, then of course he can make money doing that, as long as there are suckers to follow him. That doesn't mean the suckers who subscribe are going to be able to do so....only some of them will profit if they get in early enough and get out early enough.

I doubt Sykes really cares about "teaching people" how to trade or has any "love of teaching". It is a safe bet that he just wants to profit from suckers....and if you believe anything else, I've got some February 2013 SPY options I'd like to sell you for a great price. LOL
More...


The counter to this argument is that Sykes was profiting from shorting penny stocks long before he had a single follower. This is documented fact.

What I know of the guy, he genuinely does seem to care about his students-- could it be an act? sure--- I have no way of knowing-- but based on what I have observed, the guy has a love of teaching and cares about his students/clients. surf


In case you don't understand, this is how he does it:


<iframe width="560" height="315" src="http://www.youtube.com/embed/ETESqV5S_Mg" frameborder="0" allowfullscreen></iframe>

<iframe width="560" height="315" src="http://www.youtube.com/embed/aaHTYIC-yQ8" frameborder="0" allowfullscreen></iframe>
 
Quote from marketsurfer:

The counter to this argument is that Sykes was profiting from shorting penny stocks long before he had a single follower. This is documented fact.

What I know of the guy, he genuinely does seem to care about his students-- could it be an act? sure--- I have no way of knowing-- but based on what I have observed, the guy has a love of teaching and cares about his students/clients. surf


In case you don't understand, this is how he does it:
More...

Statements like this and others lead me to think you are an absolute idiot, or a scammer affiliate.
He's a lowlife scumbag who to me does the lowest of all things morally...he preys on the weak minded as others have pointed..plus that statement is a losing month...and I personally know in addition to myself as per trader pl many guys who beat Tims months in mere 7 day spans....and we are not doing it in a low life fashion.

You could have by now also if you really put your effort in the right places but you took the wrong route imo.
 
Quote from sellindexvol66:

Statements like this and others lead me to think you are an absolute idiot, or a scammer affiliate.
He's a lowlife scumbag who to me does the lowest of all things morally...he preys on the weak minded as others have pointed..plus that statement is a losing month...and I personally know in addition to myself as per trader pl many guys who beat Tims months in mere 7 day spans....and we are not doing it in a low life fashion.

You could have by now also if you really put your effort in the right places but you took the wrong route imo.
More...


I call it like I see it-----

Everyone is entitled to their opinion, but mis stating fact needs to be corrected-- the statement posted showed a profitable month--- not sure what you mean "losing month".

Are Tim's students the financially brightest bulbs on the shelf? obviously not, but your opinion would change if you actually met a few who have made good money ( for them ) following his instructions. Yes, they do exist and he would be happy to prove it to you.

Yeah, there are many traders better than him-- but his niche is small and not suitable for the big money guys.

surf
 
Yes, I misread his statement...I do not spend huge amounts of time here ...but obviously rare idiotic threads get my attention.

My other points stand as is. What a low life...what's worse is he is from my home area...arghhhhh.
 
Quote from marketsurfer:

A letter to wall steet-- enjoy!



<iframe width="560" height="315" src="http://www.youtube.com/embed/R5LwouB3Y1I?list=PL8717CD1552394A26" frameborder="0" allowfullscreen></iframe>
More...

Did you finally see the light, posting videos that reveal what a clown he is?
 
I looked at that statement and I wish someone can tell me how he covers all those shares is a relatively short period of time all in a 10 cent range??? I have never traded pennys but have traded thin otc years ago and they are purely miserable to get out of on either side of the trade.
 
Quote from marketsurfer:

The counter to this argument is that Sykes was profiting from shorting penny stocks long before he had a single follower. This is documented fact.

More...

Even if it is really a documented fact, then it doesn't necessarily follow that he could continue that type of success on his own without having suckers to front-run or sell subscriptions to. In other words, just because someone is able to do well in the market for a few years with high volatility stocks, or with leverage, doesn't prove their strategy holds up over the long haul.

Maybe he's better than the average trader over the long haul, but maybe he's NOT better than the average trader over the long haul. Show me the proof that he's better than an average trader over a 20 year period WITHOUT front-running paid subscribers, (or being able to replenish existing accounts or start-up new accounts from subscription fees), and then maybe I will believe he's as good as you say he is. Until then, I remain a skeptic.
 
Quote from Jreality:

Even if it is really a documented fact, then it doesn't necessarily follow that he could continue that type of success on his own without having suckers to front-run or sell subscriptions to. In other words, just because someone is able to do well in the market for a few years with high volatility stocks, or with leverage, doesn't prove their strategy holds up over the long haul.

Maybe he's better than the average trader over the long haul, but maybe he's NOT better than the average trader over the long haul. Show me the proof that he's better than an average trader over a 20 year period WITHOUT front-running paid subscribers, and then maybe I will believe he's as good as you say he is.
More...

Honestly, I don't know. I can just go by what I have witnessed--- I believe the guy is legit and have not seen any credible evidence to the contrary. Just a bunch of playa hata's

surf
 
Quote from marketsurfer:



And if you are an at home retail guy, can you even approach his verified record?
More...

surf, you are starting to sound quite ignorant, perhaps that's your way of soliciting responses. 10% a month on 200k is hardly something to be so blindly idolized. A personal friend of mine turned 50k into a mil and a half in just under 2 years trading from a retail account in his PJs. Oh and he didn't get lucky riding a bull market either. There are alot more guys like that than you think but you won't see them coming on ET to post statements simply because there is nothing in it for them. If you are so certain these guys don't exist make me[them] an offer and i can personally round up 2-3 guys with similar records.

Are you interested or are you all talk? :)
 
Status
Not open for further replies.
Back
Top