I Tried the Timothy Sykes Millionaire Challenge … and Here’s What Happened
I Tried the Tim Sykes Millionaire Challenge (AKA The Penny Stocks Challenge) … and Here’s What Happened
We all know how it works … As soon as you type those five little words into Google…
How to trade penny stocks
… Ads for every penny stock guru on the internet show up in your feed.
After some preliminary research, it became clear that Timothy, a crazy-eyed Jewish man, has been in the game for a long time. This got me thinking… Why would any scammer stay in the game so long? Is there a chance Timothy Sykes is legit?
To my surprise, my research stumbled upon countless positive testimonials and the undeniable success of his top Trading Challenge students. So I decided to give it a shot and see what the Timothy Sykes Millionaire Challenge has to offer.
Table of Contents
- 1 Timothy Sykes Trading Millionaire Success Stories
- 2 What Is the Timothy Sykes Trading Challenge?
- 3 Let’s Break This Down:
- 4 How much does the Millionaire Challenge Cost?
- 5 Is it Worth it?
Timothy Sykes Trading Millionaire Success Stories
The turning point for me with Sykes was his impressive number of successful trading students. Trading gurus are a dime a dozen, but for some reason, Sykes seemed to have more successful students than any other guru or chatroom.
Naturally, I had a ton of questions when I stumbled upon this community…
Who are these successful students? Are they even real? If so, how did they become successful? And why did they choose Sykes to be their mentor?
The answer was more straightforward than I anticipated. All of the successful Millionaire Challenge students were, at one time, ordinary people looking to escape the rat race like you and me. Many of them discovered trading when they were in college, and capitalized on their free time to study the markets.
For example, the 2019 wave of successful Sykes students were three young males in their twenties and who dedicated years of their lives to the markets. The youngest student, Jack Kellogg, was so dedicated he moved halfway across the country to learn from another successful Sykes student, Dom Mastromatteo, who goes by MichaelGscott on Profit.ly, the online community where the Sykes students gather for trade analysis/verification, trading chat rooms, and trading courses.
Here’s an excellent interview with the two young traders:
But you don’t have to be a young 20-something-year-old to make it in this game.
Roland Wolf was 31 years old and a father of two with a third on the way when he discovered Tim Sykes. Yet, through pure determination, he was able to find over 17 hours every day to study Sykes’s material. His dedication allowed him to expedite his learning curve, and he turned $4,000 in starting capital into over $400,000 in his first year of the Trading Challenge.
The Student Becomes The Master
Last but not least, Tim Grittani, Sykes’s first millionaire student, is the trader every new trader should aspire to become.
Throughout his trading career, Grittani turned $1,500 into over $8 million in trading profits. The student’s impressive skills allowed him to surpass Sykes in total trading profits two years ago, and he has not let off the gas pedal.
Grittani is a humble trader and is often in the Trading Challenge Chatroom giving advice and suggestions to new traders. Currently, he has recorded 56 live webinars for Sykes’s students and will continue to do more in the future.
The Sykes community and his league of successful students are extraordinarily generous and more than willing to help. Qualities that are rare in the trading industry.
Proof Is In The Pudding
The ability for Sykes to produce consistently profitable trading students from his Trading Challenge is enough for me to believe he’s around for the right reasons. Every Trading Challenge success is at a different stage of life and has their own unique set of circumstances with only one common denominator: Timothy Sykes.
What Is the Timothy Sykes Trading Challenge?
The Trading Challenge is Tim’s “all-in-one” plan where subscribers gain full access to his massive library of content, plus more that I’ll explain at the end of this section.
Let’s not understate the content part: the video library, alone, is ENORMOUS. Currently, Sykes has over 6,100 video lessons that date all the way back to 2010. In other words, you’re instantly given a decade’s worth of information and experience. This can be overwhelming, but absorbing all the content is a critical part of the learning curve.
Now, Sykes’s lower educational tiers have access to all these video lessons, so why would any sane person sign up for the Trading Challenge over of his monthly PennyStocking Silver?
Well, the Trading Challenge comes with a plethora of knowledge only meant for the most dedicated students. Students receive a broad set of Tim’s DVD courses (I think it’s currently about 300 hours of lessons), two different chat rooms, a daily stock watchlist that Tim prepares, SMS or email alerts whenever Tim executes a trade, and most importantly, live training webinars held by Tim and top students.
Let’s Break This Down:
- Millionaire Challenge DVDs: The Trading Challenge comes with 14 of Sykes’s DVDs, including Trading Tickers, which is a 28-hour DVD made by Tim Grittani (Sykes’s top student). The DVDs cover everything from basic trading concepts to more complex trading skills like reading SEC filings. Every DVD is a must-watch for aspiring traders because each one is packed with golden nuggets of wisdom from 20 years of trading penny stocks.
- Millionaire Challenge Webinars: Challenge members receive full access to historical webinars from Sykes and his successful students. These typically range from 1-2 hours in length and cover topics that widely vary based on the time of their recording. The webinar library is great, but the icing on the cake is the weekly minimum of three live webinars from either Mark Croock, Tim Lento (both successful Challenge students), and Timothy Sykes. Occasionally, there is a fourth weekly webinar with live trading from another one of Sykes’s successful students. In the webinars, students enjoy live research, live trade analysis, they can even choose to make live trades. New sessions are live and interactive — more like a discussion than just a video.
- Millionaire Challenge Chatroom: The pièce de résistance is the exclusive Trading Challenge Chatroom. The room is full of Sykes’s top students, his moderators, and Sykes himself. During the trading day, successful traders call out plays live and answer any questions challenge students have about their trades or live calls. The community is always positive, and students go out of their way to help other students grow.
In addition to the perks of being a Challenge student, students receive everything the PennyStocking Silver and TimAlerts subscribers do, for no additional charge. This includes Sykes’s nightly watchlist, outlining the top plays for the next day, and a nightly video lesson on the previous day’s action.
There’s no shortage of information in the Trading Challenge. If anything, there is so much information that it can be difficult to catch up on the knowledge and experience of his top students.
My advice: Start with the DVDs, then work your way through the video lessons and finish with the webinars. This will allow you to lay a solid foundation and understand the trading lingo before seeing live trades made by Sykes and his team.
How much does the Millionaire Challenge Cost?
The program goes for $6,000, while it’s an expensive education it’s totally worth it. If you’re serious about bettering yourself and your financial situation, I highly recommend joining the program.
Is it Worth it?
I strongly believe the Millionaire Challenge is worth it. The Challenge is like training wheels on a bicycle, guiding traders through their entire journey. From the foundations of trading to complex strategies, there is not a better community to learn from.
The vast library of knowledge is unmatched by any trading service and continues to grow every day. I’ve heard a few people complain the information is outdated, but the saying goes…
History doesn’t repeat itself but it often rhymes…
So why not study the past? It is only going to help your future.
There are rumors going around that Tim’s updating all the Challenge materials. I’ll post an update here if/when I find out more.
Timothy Sykes can seem like an internet scam, but let me assure you, he’s a top-tier teacher. The set of educational tools from the Millionaire Challenge can teach you the skills you need to potentially become his next millionaire student.
But fair warning, it takes dedication and time. The Millionaire Challenge top students didn’t get there overnight, and they worked incredibly hard to get there.
If you think you have what it takes, then check out the Challenge. It’s an exciting ride, for sure.
[Please note that top students’ results aren’t typical. These traders have exceptional knowledge and skills that they’ve developed with time and dedication. Most traders lose money. Trading is risky. Do your due diligence and never risk more than you can afford.]
Also Worth Checking Out: Larry Benedict's Opportunistic Trader