What You’ll Get
Free trader interview with Timothy Sykes, probably the most recognizable face for trading penny stocks. Tim Sykes was a “young gun” trader that took the stock traders by storm known for turning his $12,415 bar-mitzvah money into $1.65 Million between 1999-2002 by specializing in shorting penny stocks. Tim started a hedge fund in 2003 but went out of business in 2007 due to an illiquid investment. Recently Tim has returned making that money back publicly on Covestor and determined to repeat his former success and teach others the same skill specific to penny stocks by uncovering stocks with poor company fundamentals just waiting to fail. Tim Bourquin of TraderInterviews discusses with Tim Sykes about Sykes’ trading methods and asks why he decided to specialize in this strategy of shorting penny stocks. Tim and Tim also talks about Sykes’ foray into the online trading communities through blogs, social investing sites like Covestor, and other internet campaigns to show his skills and educate people about his methods.
*Full transcript and download of the MP3, along with 200+ other trader interviews are available to members of TraderInterviews.com
- Shorting penny stocks
- Finding stocks that are good shorting candidates
- Why short selling penny stocks was illegal
- Exposing penny stock company SEC filings, scandals, and investor fraud
- Tim Sykes’ general trading execution strategies: entries, exits, stops, targets, and time frames.
- Watching for clues with false promotions, not standard technical analysis
- Finding stocks and enough shares to short
About: After speaking with countless traders throughout the past 14 years as a trader himself, Tim realized that the best way to learn how to make money trading was to ask those who were already doing it every day. Tim set out to find the best in the business and ask them exactly how they made their money. In 2006 Tim founded TraderInterviews.com, an online media site featuring those frank discussions. Each week Tim interviews successful full-time traders and asks them tough questions about the strategies they employ, the software they use, and how they became confident in the markets.