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Timothy Sykes

Founder, Millionaire Media · 1 appearance on the record.

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investorfounderauthor@timothysykes ↗LinkedIn ↗timothysykes.com ↗Wikipedia ↗

Timothy Sykes turned approximately $12,415 into over $1.65 million trading penny stocks while in college at Tulane University. He subsequently built a subscription and educational course business teaching day-trading strategies and authored the book An American Hedge Fund.

16statements → 11claims → 3claims resolved → 100%fully supported → 3.75/5average certainty → 1.94/5average debate potential → 8said about them ↓

3 supported 0 partly supported 0 contradicted 8 not checkable as stated how the 11 claims stand · each chip opens the sources

1 prediction · 10 assertions · 1 opinion · 2 insights · 2 disclosures · every statement was checked. The prediction and assertions are the 11 claims: statements the public record can support or contradict. 3 are resolved, and 8 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Timothy argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Sykes: John McAfee's penny stock tanked 50% under an SEC investigation
“His penny stock has also gone from 30 cents to four dollars a share, and it just tanked 50% in the past two days now that he's under SEC investigation.”
Timothy Sykes Oct 12, 2016 ▶ 22:25 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Timothy Sykes on measured tape to publish a rate. This says nothing about how they speak.

Everything Timothy Sykes said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Not checkable as stated
Sykes: Made $20M teaching in 2015, but only $100K from trading
“Roughly twenty million and trading profits were the same, roughly a 100,000 dollars because I trade with such a small account.”
Timothy Sykes Oct 12, 2016 ▶ 13:09 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Supported
Sykes: John McAfee's penny stock tanked 50% under an SEC investigation
“His penny stock has also gone from 30 cents to four dollars a share, and it just tanked 50% in the past two days now that he's under SEC investigation.”
Timothy Sykes Oct 12, 2016 ▶ 22:25 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Opinion
Sykes: Early 2000s Penny Stock Trading Strategies Still Work Today
“Yeah, they still work. You know, I trade penny stocks. They're very volatile. They're very scary. You know, not as much as in 1999 and 2000 when I got started in the right time at the right place, you know, during the bubble, but there's still a lot of volatil…”
Timothy Sykes Oct 12, 2016 ▶ 3:41 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Not checkable as stated
Sykes: Multiple Students Turned Thousands Into Millions
“Now I have actually a few millionaire students who have turned a few thousand into a few million already too.”
Timothy Sykes Oct 12, 2016 ▶ 12:33 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Not checkable as stated
Sykes: I Have Received Death Threats From Penny Stock Promoters
“I attack promoters. I've gotten death threats.”
Timothy Sykes Oct 12, 2016 ▶ 14:03 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Not checkable as stated
Sykes: Turned $12,000 Bar Mitzvah money into nearly $2 million
“And I screwed up all their plans by turning the 12,000 into nearly two million in my first four years.”
Timothy Sykes Oct 12, 2016 ▶ 3:09 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Insight
Sykes: Penny stock scams are built to pump for insiders to cash out
“Shorting, even if you're betting against a total scam, is very scary, because scams, you know, are meant to go higher, so that the insiders can profit either by selling insider shares, or by doing a financing at inflated prices, and then paying themselves ridi…”
Timothy Sykes Oct 12, 2016 ▶ 7:45 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Insight
Sykes: Big stock gains compound as short sellers enter too early
“Big percent gains tend to, you know, create more big percent gains as short sellers enter too early as momentum traders pile in.”
Timothy Sykes Oct 12, 2016 ▶ 11:14 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Not checkable as stated
Sykes: Grew his $12,000 trading account to $85,000 in 2016
“So this year, like I've turned 12,000 into 85,000 which is, you know, kind of awesome in a flat market, but it's a realistic version of what my strategy is capable of.”
Timothy Sykes Oct 12, 2016 ▶ 12:49 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Not checkable as stated
Sykes: Only 10,000 of my 200,000 subscribers open purely educational emails
“So my list might be 200,000 people, but only like 10,000 people even bother opening anything. That's not like buy this or short this.”
Timothy Sykes Oct 12, 2016 ▶ 16:12 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Disclosure
Sykes: Penny stock shorting strategy is not scalable due to share borrow limits
“This is one of the problems with my strategy that it's not very scalable. Even if I spot an absolute scam, I can only probably bet a few thousand shares, sometimes like 10 or 20,000 shares against the stock.”
Timothy Sykes Oct 12, 2016 ▶ 9:10 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Not checkable as stated
Sykes: Served 40,000 to 50,000 unique paying customers since 2007
“Probably about, like, 40 or 50,000 people.”
Timothy Sykes Oct 12, 2016 ▶ 16:30 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Disclosure
Sykes: Started a $4 million charitable foundation to build schools
“I just started a charity foundation. We have about four million in the charity. I'm building schools.”
Timothy Sykes Oct 12, 2016 ▶ 18:31 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Prediction Not checkable as stated
Sykes: Business is on track for $25M to $27M in 2016 revenue
“We're on track for probably about 25, maybe twenty seven million.”
Timothy Sykes Oct 12, 2016 ▶ 19:12 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Supported
Sykes: AQXP Stock Surged from $2 to $55 in Two Days
“AQXP, I was giving A training session I teach now last summer in Madrid, and the stock went from two to 55 in two days.”
Timothy Sykes Oct 12, 2016 ▶ 5:23 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Assertion Supported
Sykes: SpongeTech advertised at MSG and US Open before defaulting on deals
“They were at Madison Square Garden. They were promoting themselves at the U S open. They later defaulted on all their advertising deals”
Timothy Sykes Oct 12, 2016 ▶ 10:21 EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes

The other half of the tape: Timothy Sykes's own voice is left out of every number here. Other people bring the name up 8 times in 3 episodes on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 5Bill Lyons 3

Every mention by year

tap a year for its mentions
0042832016episodesmentions
0232016episodes it came up in
001.51.5332016episodesmentions per episode
2016 8 mentions in 3 episodes 3 per episode

Appearances (1)

EpisodeDateSpeaking time
EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes Oct 12, 2016 15m
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