Timothy Sykes is a penny stock trader who turned a $12,415 Bar Mitzvah gift into $1.65 million by day trading while he was still in college.
In 2011, Sykes helped start Profit.ly, an online social service with about 20,000 people that gives information about stock trades.
Another student of Sykes, Jack Kellogg, made more than $10 million buying stocks while he was being taught by Sykes.
Timothy Sykes is an American stock trader and business owner with a net worth of $15 million. Sykes was born in Connecticut in 1981, in the town of Orange.
Sykes is an expert on penny stocks. He traded between classes at Tulane University and turned his money from his bar mitzvah into more than a million dollars a day.
He stopped trading and focused on investments instead. His fund lost more than 36%, so he closed it. He started Cilantro Fund Management LLC in his last year at Tulane.
In 2003, Sykes graduated from Tulane University with a bachelor’s degree in philosophy and a minor in business. Sykes used to skip classes at Tulane to day trade.
In 2003, he set up Cilantro Fund Management, a small hedge fund with a short-bias, with $1 million mostly from friends and family.
Sykes wrote An American Hedge Fund: How I Made $2 Million as a Stock Operator and Started a Hedge Fund and released it himself in 2007.
Timothy Sykes made TimothySykes.com and wrote the book “An American Hedge Fund” after Cilantro Fund Partners went out of business in 2007.