Humble Beginnings
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.
Changing Gears
Ultimately, as documented in the best-selling trading autobiography “An American Hedge Fund,” his strategy was not scalable, and his fund lost 35% when he tried long-term investing instead of trading.
As it turned out, this was the catalyst for a much-needed shift in his career.
Sykes would go on to appear on the docu-series “Wall Street Warriors,” where a bit part turned into a starring role in 5 of the 6 episodes of the show’s hit first season, which aired in 20+ countries. Yep: you can still find some episodes on YouTube.
The show’s success led to hundreds of inquiries from aspiring traders who wanted to learn from his trading strategy.
This inspired him to change his focus to helping emerging traders find their way … while also cutting through the BS that’s so entrenched in the trading industry.
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