Timothy Sykes Trade Alerts Review
Timothy Sykes Trade Alerts Breakdown
- Cost $50 per month
- Alerts via SMS, email, and website.
- The website details his rationale behind his trades, the price he got in, his targets and timelines.
First let me say that Tim Sykes alerts are the only alerts that will make you money if you do what Tim says. While he does risky penny stock trading, he is extremely conservative, so you often will be told to get out of stocks leaving potential earnings on the table. However, on occasion, this means you also will lose much less on the occasional loser he picks.
So if you are one of those people that just want to be told exactly when and what to buy and sell. Timothy Sykes is perfect for you. However, if you are used to pulling your own trading strings his flaky trading style will drive you nuts even as you are making money.
While his alert program will make you money, I still have a few nitpicks.
- His sells or short sale covers often take you by surprise coming well before his targets. In his initial trade alert he may say this is a 2 or 3 day trade, but if the stock does not go straight down (or up), don’t be surprised if he sells very quickly taking a small profit.
- The Timothy Sykes Effect In short, the Tim Sykes Effect is a self fulfilling prophecy on low float stocks. For example, Tim gets in at $2.30 and sends out a buy alert. Tim’s followers jump in and move the price up so by the time you get the alert and take a minute for due diligence, the stock is now at $2.40. Then what happens many times is later that day or maybe the next morning the stock is not moving straight up and he issues a sell alert at $2.50 well before his target taking you buy surprise. Now you rush in to sell your shares and with all of Tim’s subscribers selling you get out at $2.45 for a small profit. The problem with this is Tim just made .20 cents a share (and he make sure he brags of this on his website), while you made .05 cents a share on the same trade.
- Which leads me to #3: If you complain that his timing was off or he sold too early, he’ll tell you that you wouldn’t need him and you would know when to buy and sell if you studied his DVDs and trading techniques and then sends you a link to his product page. The only problem is all the DVDs are extremely expensive at $400 to $600. At these prices I have no idea if his DVD’s are worth the price.
- And then #4. I would buy one of his DVD’s if I could find an unbiased positive independent review. All the reviews I could find are affiliates of his that get a percentage of every sale so they are sure to give his DVD’s a positive review. I really want to do a real review of a few of his DVDs but the price is so high it is hard for me to take the chance on his product. At first I thought I would use profits made from trading his picks, but I tend to only make $100 to $200 with the occasional loss, so a few DVDs would eat up all my earnings.
- Constant up selling. If someone complains they lost money on a trade, they get blamed for not buying his DVDs and knowing the trade was on shaky ground. I can’t blame him; selling a $500 DVD is risk free money and has no short term capital gains tax. But reasonable prices in the $200 range per DVD would be great.
I guess I am doing a lot of complaining, but in truth, Tim Sykes is one of the few strait shooters out there and his Tim Alerts program at $50 per month is sure to make you money and a better trader. You won’t get rich but if you are investing $1k -$3 k in each pick you should make $300 – $400 a month. If you invest 10 times that amount you can make $3000+ per month. Of course there is risk, but with his trading tips the cards are stacked in your favor.
So I give a solid BUY for the Tim Alerts. At this point I’ll issue a wait and see on his DVDs..
***If you own Tim’s DVDs and would like to do a guest review here please let me know and if you can do an honest review, I’ll put it up.***
Filed Under: John's Posts • Reviews • Timothy Sykes
About the Author: 
Decent post but u have a few issues:
1. the DVD reviews are not all done by affiliates, just some of them…learn to do research:
http://timothysykes.com/blog/2009/07/02/timfundamentals-review-number….i-dont-know-ive-lost-count/
http://greenonthescreen.blogspot.com/2009/01/my-taketim-sykes-pennystocking-part.html
and the gift/curse is that once most people with websites watch the dvds, they love them and see that its REAL so they become affiliates…in due time, pennystocking will go mainstream finance (whatever the hell that means), for now u can get in early
2. yes my DVDs will teach u to anticipate my trades since all i do is follow my strategies…not to mention i have a premarket watcjlist which basically lines up the trade ahead of time…only so much i can do to try to help and if u can’t afford them then u suffer the consequences, but never say i didnt offer to teach u…PS my DVD prices are the lowest in the industry…and the industry is a joke
3. of course i’m gonna cut a trade short when it doesnt go my way, thats my strategy! learn it and expect it
4. when i trade stocks like CHINA (20% winner so far), APWR(I made 5% but my call ended up being right for 30%), LZB (I took a 5% profit, but was right for20%) or JAZZ (and I didnt even trade JAZZ since i was on a train but when it broke through $5, it fit my strategy PERFECTLY as i said in many premarket watchlists prior and it was a 2-day winner on the breakout), if u learned the damn strategy, u could do faaaaar better than me…as it is, poor people will only make poor people money when they dont realize im not just picking stocks, i’m also teaching an entire strategy….timalerts is simply demonstrating the success
Tim, I said I was nit picking and you are definitely the best in the penny stock picking business. I think your response showcases your personality that comes along for the ride that I was trying to explain in the post. Perhaps it is this no bullshitting personality that helps makes you the outstanding trader you are.
I’m not a great trader at all, you guys are far too kind
I am using Tim’s alerts and am satisfied. I just do what he says and have made money. My trades are usually just $1000 until I build up my capital. As soon as I made the trade, I set a sell order and a stop loss. Most of the time I set it for 10% profit and maybe only a 5% loss.
I’m not getting rich, but I’m not losing either.
I agree with Penny Picker in that most of the time my price is not as good as Tim’s unless I’m sitting right at the computer when I get the alert.
Another problem, is many times when Tim’s says to short a stock, no shares are available. However, I do feel it is well worth the $50.00 a month to follow what an honest person is doing.
I used to follow the pump and dump newsletters but no longer bother. I just wait for the alert and make the trade.
I detest the fact Tim says “buy my dvds” to a question I ask him, as Tim Alert member that is not the answer I want to be given. Alteast reference the DVD title and which part to look for or given me a short answer geez.
Shawn,
I agree with your comment. I have sat in on many livestock sessions AKA listen to Tim babble for an hour and he totally disregards any legitimate questions. Yeah, I know, buy the DVD’s. Well guess what, I have better things to do with my time & money that watch a 6 hour DVD for $600. ***if he sold an hour DVD explaining the basics for $100 I would be all over it***
I subscribed to the Tim Alerts for a few months and was not that impressed. Sure, he obviously knows what he is doing, but as stated above by the time you get in you are worse off then Tim is. I also agree that Tim always sells before his goal. He tells you his goal is to make .50-$1.00 a share and then he gets nervous and sells at .20 cent profit. Now I guess that’s cool if you have $50k in your account, but when you are only playing with $5k and you got in .10 worse off than he did its wash by the time you pay broker fees.
I further agree that Tim is the king of upsellers. I have been in sales my whole life and I have never seen this kind of upselling before. Livestock is like an hour long infomercial of Tim trying to sell you on buying more of his products. The guy probably makes a few hundred grand a year trading, and about twice that upselling.
Last but not least, stop raising your prices. Your shit is already overpriced to begin with. $30 a month was fair, $50 not so much. His logic for raising prices on monthly alerts and dvd’s is ludicrous. He is trying to “weed out” the people who don’t really want to learn or who are trading with rent money” Let me be the first to call BULLSHIT. He is trying to make more money, plain & simple.
Overall Tim knows what he is doing, I will give him that. At the end of the day he is going to make you a little money short selling, if you have $20k+ to play with and are sitting in front of a computer all day and spend $2k on his dvds. If not, don’t bother.
Steve
Probably what hurts the most is when he issues his sell/cover alerts. He has zero patience (you can see this by the way he interacts with his customers) and his long term trades are ended quickly for small profits well off his target price. It would be much easier to make money on his alerts if he gave a buy/short alert with targets but never sends out the sell/cover alert.
Once Tim sells or covers the mad rush out eats up any profits. I am sure the DVDs will at least give you some structure to trade by, but the reason Tim’s makes money on his own picks is because of his followers pushing the price in his favor, not because of any grand strategy.
Basically Tim’s strategy is buy or short stock, announce pick with targets and explain why it’s a good trade, then sell quickly into his followers buying or shorting.
“Basically Tim’s strategy is buy or short stock, announce pick with targets and explain why it’s a good trade, then sell quickly into his followers buying or shorting.”
AKA – pump & dump