Timothy Sykes is a penny stock trader, trading teacher, world traveler, entrepreneur, and philanthropist. You’re probably familiar with him because of his huge online social media presence with over 1.5 million Instagram followers. Or the several times he’s been a guest on CNN, CNBC, Fox Business or Larry King.
Tim is also a best-selling author of An American Hedge Fund and Founder of several popular start-ups, including Profit.ly, Investimonials, and StocksToTrade. But the closest project to his heart is Karmagawa, a social charity helped co-found. To date, they’ve built 70 schools and libraries in third world countries.
Originally from middle-class Connecticut, Tim had an interest in the stock market from a young age. But it wasn’t until an injury put a successful tennis career on hold that he began to explore the markets in earnest.
He persuaded his parents to let him use $12,415 in bar mitzvah gift money to invest in the stock market. Figuring it was his money to lose, they gave their blessing…
…but he didn’t lose that money. He began learning everything he could at the market, and regularly skipped classes in favor of trading penny stocks.
It paid off: by the time he was a senior in college, he was a self-made millionaire. He’d also established a scholarship for his alma mater of Tulane and established a hedge fund.
His hedge fund went on to become the #1 ranked short bias fund by Barclay for three years and he was named to Trader Monthly’s “Top 30 Under 30” in 2006.
Since then, Sykes shifted gears and now focuses his energy on helping his students become consistently profitable traders. Over the last ten years, he has created a handful of millionaire students and dozens of six-figure traders.