RERUN: He Turned $12,000 Into $5 Million, Now Tim Sykes Is Sharing His Trading Tips

Tim Sykes, known for turning $12,000 of his Bar Mitzvah money into millions, now tells his students that taking profits early is what makes him successful.
“I usually take a third or half of the profits, so with penny stocks, they’re so volatile, you don’t need to pick the exact top. Too many people get overly greedy, they go for home runs. I want to teach people to bring it down, take singles, a few hundred dollars a day adds up,” Sykes told Kitco News on the sidelines of the Vancouver Resource Investment Conference. (show less)

Tim Sykes, known for turning $12,000 of his Bar Mitzvah money into millions, now tells his students that taking profits early is what makes him successful.
“I usually take a third or half of the profits, so with penny stocks, they’re so volatile, you don’t need to pick the exact top. Too many people get overly greedy, they go for home runs. I want to teach people to bring it down, take singles, a few hundred dollars a day adds up,” Sykes told Kitco News on the ... (read more)

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