Looking for a review of Tim Sykes’ “The Complete Penny Stock Course”?
I’ve been receiving promotions for the book for a while so I decided to take a closer look.
I put together this honest review to outline the merits of Tim’s book and discuss whether you can get rich off of penny stocks.
Read on to learn more about my findings.
Before I start…
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The Complete Penny Stock Course Review
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Introduction to The Complete Penny Stock Course
The Complete Penny Stock Course is an investment book by Timothy Sykes, which as the name suggests, teaches you to make money trading penny stocks. The definition of a penny stock is typically a stock that trades for less than $5.
The get-rich message it pushes doesn’t sound so different to Bryan Bottarelli’s Rags to Riches Masterclass that I covered recently.
Tim firmly believes that trading penny stocks is the quickest way for the average citizen to get rich. This is not new to Tim we saw in his Money Line System presentation.
To his credit, trading penny stocks (at least hypothetically) can enable “the little guy on the street” to climb the economic ladder. Out of the various reasons why this strategy may work, two stand out:
First, Penny stocks are within reach; they are affordable. For example, if you have a small amount of cash in your savings account, investing in cheap stocks makes sense because you can buy enough of them to make an impact on your balance when they go up.
You’d need more money to have a similar impact with bluechip stocks.
The affordability problem explains why many analysts entice people with options trading – they are cheap.
Second, penny stocks are scalable. They can easily jump 10% or more in a single trading day; something you wouldn’t associate with stable large caps.
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Who is behind The Complete Penny Stock Course?
Timothy (Tim) Sykes is a Penny Stocks expert. He started investing at a young age, turning his $12,415 bar mitzvah money into a $1.65 million fortune by trading penny stocks (and skipping some classes in the process).
His exploits caught the attention of financial magazines as he was on Trader Monthly’s “Top 30 under 30” list in 2006. A few reality TV appearances later, he decided he wanted to do more than making himself rich – which he didn’t stop.
He decided to knuckle down and teach other people how to be successful in trading penny stocks. Part of what drove him was his objection to the idea that Penny Stocks are a lost cause and people only lose money while trading them.
We have reviewed his products here before. Two good examples are Money Line System and Weekend Profits.
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How does The Complete Penny Stock Course Work?
To learn all about Tim’s method and his Million-Dollar Blueprint, you need to read his 385-page book The Complete Penny Stock Course: Learn How To Generate Profits Consistently By Trading Penny Stocks.
It contains details like:
- The best brokers for penny stock traders
- How to access over 40 pre-programmed scanners that will identify the best stocks
- Tim’s top five penny stock patterns
- The secret behind his 75% winning rate
- How to turn a small stake into a $10.1 million fortune
- How to double your money in a few days
- How to make 50-75% gains in a few hours without investing in options
- The secret behind his $5 million fortune
If you can boil it down, it is all about finding the right penny stocks to maximize returns and minimize the risks.
You can buy it on Amazon for $28.97 or receive it for free (including shipping) by subscribing to The Penny Stock Letter.
By joining the newsletter, you will receive regular penny stock ideas every month, weekly updates, and the Retire Rich with Penny Stocks video series.
Subscription Fee
You only pay $19.98
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Is The Complete Penny Stock Course Legit?
I think The Complete Penny Stock Course is legit because, at its core, it is all about showing people how to trade penny stocks with fewer losses and bigger returns.
There are testimonials of people becoming wealthy off of his ideas, and while these shouldn’t serve to elevate your expectations, they show that he is credible and that he has a track record.
Pros of The Complete Penny Stock Course
- You do not need to have a prior working knowledge of investing to partake.
- You don’t require a massive investment to get started. Penny stocks are inherently cheap.
- Tim’s investment strategy is not time-consuming; leaving you with enough time to live your life to the fullest.
Cons of The Complete Penny Stock Course
- The volatility is a double-edged sword; you can easily lose all your gains just as fast as you make them.
- There are only 250 copies of the Complete Penny Stock Course book available for free.
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The Complete Penny Stock Course Verdict
With a small investment and an open mind, The Complete Penny Stock Course makes sense. It’s all about finding the right stock to invest in and getting in while it is about to soar. If you find a solid stock and the right combination of events happens, you can watch your investment grow many times over.
Since penny stocks are known to be volatile, you must have a higher-than-average risk tolerance to practice what you learn.
Whether you can live a life of luxury trading penny stocks is entirely up to how his recommendations work out. I am not saying that it is improbable, just that you should be modest with your expectations.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.
After reviewing 1000’s of programs, he knows what works and what doesn’t: