The story of Timothy Sykes

In trading, you can find various success stories, each of which testifies to the fact that the desire and the applied efforts will always give the desired result. Today, next to the well-known names of major specialists, one can already meet representatives of a new generation, who open up new horizons for development. The bottom line is that the organization of exchange trading is undergoing significant changes under the influence of technical progress. This allows you to use new ways to achieve a guaranteed result. The story of Timothy Sykes is a clear illustration of this.

Biography stages

Timothy Sykes was born in 1981 in Orange, USA. After successful graduation from school, he entered Tulane University toward "Philosophy and Psychology". In search of something to fill his spare time, Timothy Sykes discovered the world of trading. This decided his whole future fate.

He started trading in 1999 at 18. His starting capital was a parental gift of $ 12,000. The mother and father did not believe in the possibility of receiving any income on the stock exchange and believed that losing money would be an excellent life lesson for their son. All this money Timothy invested in cheap stocks, the value of which did not exceed one dollar (penny stocks, also called "junk" or "penny" stock).

Vivian Blumenthal considers such an approach in the professional environment extremely risky, even though such securities have great potential for growth. Because for one profitable security there can be a thousand unprofitable ones. Despite the pessimism of those around him, Timothy Sykes was confident of success, and in the end, he was right. By investing in this way, he has achieved a manifold increase in the return on investment. So, by 2000, he already had two million dollars in his hands.

In 2003, guided by his accumulated experience, Sykes opened his own hedge fund, which has been in operation for three years. The successful business practice allowed  Timothy to achieve not only high profitability but also to gain popularity among short-selling professionals because of leadership in the Barclay Hedge rating.

 

In 2007, Timothy Sykes took part in the filming of the first season of the reality TV show Warriors Wall Street as a participant.

Today, Timothy Sykes continues to trade in the market, operating with a capital of $5.5 million and selling his training courses on trading. He loves to travel the world, which does not prevent him from continuing to monitor the exchange situation in real-time through various Internet sites. Timothy also uploads photos of his achievements to the network, for which he received the nickname "Wolf from Instagram". Despite all his success, he did not back down but shared it with everyone who wanted to succeed, using his personal website and social networks for this purpose.

Basic principles of trading

Timothy Sykes advises all interested traders to evaluate three key indicators before trading.

1.            Liquidity of securities - the presence of numerous traders operating this type of securities. The involvement of many bidders in the process allows you to be confident in the stable development of pricing.

 

2.            The possibility of making a profit is waiting for the threshold of the optimal price. Patience is key at this stage.

 

3.            Having low-cost stocks - trading with a small capitalization increases the likelihood of high profits in the long term.

Timothy Sykes Quotes

Only 5-10% of traders have a stable profit in the market. Do not believe what anonymous users say on various blogs or social networks.

These companies may be crappy, but that doesn't mean you can't make money from them.

Give up bad habits. Health should always be a priority. Do not postpone taking care of it until later. Focus on your health early in your journey as an operator to support your future career.

A well-defined goal can motivate you to do more and improve your results every day. You need to set goals that will motivate you to work harder than you did before.

During your journey to the cherished million, you will surely face criticism from others. People don't like to hear about the success of others.