When Tim Grittani was sitting in his parents basement starting to trade with his puny $1,500 trading account do you think he had any idea would be a millionaire trader just three years later? I doubt it. Before you have that kind of success you usually don’t believe it’s really possible. Or you believe it might be possible for other people but not for yourself.
But he did have one other thing. And that made all the difference. His mentor Timothy Sykes shares what is in in this video. Click here to watch it now.
Sykes says there was one quality present in both his students who became millionaire traders. And it was a quality he himself had when he started trading with just $12,415 to his name.
He says that ultimately this quality is what separates the winners from losers in trading.
In this video, Tim Sykes shows the 5-step stock selection process he used to make his first million trading small stocks. This is the exact process Tim used before he got famous. In fact, this process is what made him famous because it turned $12,415 in Bar Mitzvah money into $1.65 million in real-money trading profits. Click here to get his process now.
By now you probably know Tim is NOT one of the hordes of lightweight, one-hit wonder “gurus” peddling courses online these days. He’s the real deal and not just because of his years on top of the hedge fund lists or being featured in magazines.
He wanted to know if I have done a formal investigation of Tim Sykes, have reviewed his brokerage statements to verify his trades, or verified the returns of Tim’s students. The answer to all of these questions is NO. Why have I not investigated Tim and his students? No one has retained me to do so.Continue reading
Grittani graduated with a finance degree from Marquette University, my alma mater (and the university at which I am now teaching Fraud Examination to graduate students), and started trading penny stocks with $1,500. In less than three years, Grittani turned his $1,500 into more than $1 million.
See Sykes and Grittani appearing on Fox & Friends today:
What is a pump & dump? Essentially the promoters of a virtually worthless stock (worthless, because the company is a sham of some sort) do mass mailings of marketing materials. This is the pump. They hype a company with false and misleading information, hoping to interest people in buying the stock (taking long positions). As those people start buying up shares, the price of the stock rises rapidly. While this is happening, people who previously held the stock start selling (at an inflated price, thanks to the all the buying activity generated by their hype). This is the dump. The people selling make a ton of money on their stock.Continue reading
The Huffington Post ran a really nice story about the one and only Timothy Sykes today. Tim just rolled out a new website, which is kind of a portal for everything related to stock trading. Of course he peddles his book and DVD set there, but he also details his stock trades and teaches others his methods.
Tim is notorious for being arrogant and flamboyant. I see it mostly differently: He has a total passion for what he does and stands up for what he believes in. He is trying to teach others about his craft (shorting penny stocks) and although some may disagree with that as a trading strategy that can work for the common person… I give him kudos for believing in the strategy and teaching others about it accordingly.Continue reading
Penny stock trader, author, entrepreneur Timothy Sykes (aka Timmay) has put on his little detective hat and found a fraud in progress. Being promoted by none other than CNBC “reporter” Sri Jegarajah. Timmay makes an excellent point…. Networks like CNBC aren’t about serious news or reporting. They’re about entertainment and advertising dollars.
And by not being skeptical about the stories they’re “reporting,” they are doing a huge disservice to all those who think that they’re credible just because they’re called CNBC. But the CNBC guy made a huge mistake… he somehow took the words of a paid promoter and thought that this was credible research.
Here’s a snippet of what Timmay had to say… great research… and apparently not all that hard for anyone who bothered to look.Continue reading
My buddy Tim Sykes promised me that I’d become addicted to watching my Amazon.com page for my book Essentials of Corporate Fraud… checking my rankings to see if I’ve moved up or down. He was right. And I am excited because I have gotten below 10,000 for the overall rank. Yay!!!Continue reading