Hi, and welcome to my review of Weekend Profits.
I discovered Weekend Profits through an online ad that led me to a webinar signup page on timsykesweekendtrader.com. According to the website, the webinar features host Chris Rowe and millionaire trader Tim Sykes.
The site claims that Tim has turned around $12K into over $7 million over the past two decades, and during the hour-long Weekend Profits webinar, the site says he’ll share how he made over $16,000 on Thanksgiving weekend thanks to a “weekend market anomaly.”
Admittedly, I was a bit skeptical but also curious, so I decided to take a closer look at what the system’s about and how it works. And in this post, I’ll show you what I found.
What Is Tim Sykes’ Weekend Profits?
Weekend Profits is a webinar event hosted by Chris Rowe of True Market Insiders and Tim Sykes, a trading guru who claims to have numerous millionaire students.
According to the website, the purpose of the webinar is to show attendees how Tim Sykes has been able to make $8,780, $9,518, and $16,159 on the weekends thanks to a “strange market phenomenon most traders don’t know about.”
The event is free to attend; you just need to put your email into the box on the website I shared earlier to get access. In the webinar, Tim says he’ll reveal the “weekend market anomaly that has been at the center of a Nobel prize-winning economic discovery” and show you how one of his students made over $37K on just one of these weekend trades.
What “market anomaly” is Tim Sykes referring to?
The webinar doesn’t officially air until December 21st. However, I managed to find what appears to be an older version of the same presentation. And this, along with my other research, has given me a good idea of what it’s about and how it works.
In short, the “market anomaly” Tim Sykes refers to in the presentation has to do with information not being immediately priced into the market. In other words, the lag between when information is released and when the market reflects this in the share price.
And the “Nobel prize-winning” aspect relates to how Yale professor Robert Shiller won a Nobel prize for his work related to why markets are not always efficient. As in, markets do not price in all available information at all times (which makes a lot of sense).
How does Tim Sykes’ Weekend Profits system work?
According to Tim Sykes, he uses a “proprietary newswire system” to uncover news stories that could impact a stock’s price but that haven’t been picked up by mainstream media yet.
From what I can gather, his strategy involves finding “under the radar” news stories about a penny stock that breaks on a Friday afternoon, vetting the opportunity before placing the trade, letting the news spread over the weekend, then cashing out on Monday.
All going well; the idea is that price will shoot up on Monday as investors pile in based on the positive news they heard/saw over the weekend. So it’s essentially a way to take advantage of the hype and how information takes time to spread to market participants.
That’s the gist of it, anyway.
It seems like an interesting strategy, too. Assuming you could find a significant enough news story about a small stock before it was priced in, and you got the timing right, I guess it could work.
Of course, there are no guarantees. And Tim states that without his “news filtering system,” it’s almost impossible to profit from this market anomaly.
So if you want to benefit from his system, you’d need to subscribe to the service he pitches in the webinar, Tim Sykes’ Weekend Trader. I’ll go into more detail on what that’s about shortly, but before that, let’s take a look at who Tim Sykes is and whether or not he’s worth listening to.
Is Tim Sykes the Real Deal?
Timothy (Tim) Sykes is a successful penny stock trader who says he’s managed to turn $12,415 of Bar Mitzvah gift money into over $7 million over the course of 20 years.
A penny stock is a publicly listed U.S. company that typically has a market cap of less than $300 million and trades for under $5 per share. And according to Tim, he became a self-made millionaire by the age of 21, trading thousands of these stocks.
He’s also a successful entrepreneur, author, and well-known educator in the trading space.
On the entrepreneurial front, he founded a company called Profit.ly which is a community of over 150,000 traders and investors, and from what I can gather, he shares a complete list of all of his trades going back over 20 years on his profit.ly profile page.
Aside from that, he started a hedge fund, wrote a book called An American Hedge Fund, and runs numerous trading services on his website.
For example, he runs a free program called Tim’s Challenge, a service called Tim’s Alerts, one called Pennystocking Silver, and another called Weekend Trader.
There might be others, but these are the ones I was able to find.
Based on my research, Tim Sykes is a real, legitimate trading expert who has helped thousands of people from all over the world learn how to become successful traders. I haven’t joined his service myself, so I can’t speak from personal experience, but he does seem legit.
Recommended: Go here to see my #1 rated stock advisory of 2022
How Does Weekend Trader Work?
Timothy Sykes Weekend Trader is a trading service he’s created to help subscribers take advantage of the so-called “weekend market anomaly” I explained earlier, where he trades penny stocks on Friday afternoon based on under-the-radar news stories.
According to Tim Sykes, he spent $2 million building a system to find these opportunities and hired a group of 30 people to put it all together.
I had to hire a group of 30 or so computer engineers and programmers… and work with some of the best traders I know to figure this out.
In total, we spent $2 million building that system.Source: timsykes.com/weekend-profits/transcript
Tim says the system “scans thousands and thousands of news stories” to find the ones that the weekend anomaly could impact, then he learns everything he can about the company, including its business model, financials, SEC filings, etc.
And once he’s satisfied the stock meets his criteria (i.e., when he’s confident it could shoot up on Monday), he shares his top picks with subscribers of Weekend Trader, along with instructions on how he suggests trading these opportunities.
From there, it’s up to you to decide if you want to place the trade or not using your own trading account, and if so, how much you want to trade with.
Tim also says that his ultimate goal with the Weekend Trader services is to help subscribers learn to eventually find these opportunities independently, which is likely why he’s included some training videos as part of the service.
Here’s a breakdown of what you get if you decide to join:
- Weekend Trade Alerts: Subscribers of Weekend Trader receive two-to-three trade alerts each month that Tim Sykes beleievs could rally on Monday.
- Gap Trade Alerts: Tim says that not all of the opportunities he finds happen over the weekend and that, if he finds an opportunity during the week, he’ll send out a Gap Trade Alert.
- 5-part video series: As a subscriber of Weekend Trader, you receive a five-part video series called “The Weekend Trader Masterclass” designed to help you learn how the system works. The videos show you how to find news that can impact a stock price and time these trades right.
So, to sum it up, the service gives you a mix of training and trade tips to help you take advantage of Tim Sykes’ weekend trading strategy.
How Much Does the Serivce Cost?
Weekend Trader costs $1,997 per year to join.
You’ll also need some money to trade with if you want to follow along. As mentioned earlier, penny stocks typically trade for less than $5 per share, but if your goal is to make the kind of money Tim talks about during the webinar, you’ll need a decent bankroll.
For example, timsykes.com shows that to make the $16,159 profit on one of the trades he mentioned in the Weekend Profits presentation, he started with around $44K.
That doesn’t mean you need that much to trade with yourself, but as with any service, you will need to set aside some money to trade with if you plan on following his tips.
Is Weekend Trader Legit?
I don’t believe Weekend Trader is a scam. Based on my research, Tim Sykes is a real trading expert with over two decades of experience, and he has a solid track record.
Not to mention, he seems to have published most (if not all) of his trades on the profit.ly site I linked to earlier, which is not something the majority of trading gurus do.
That said, in my opinion, some of the marketing for Weekend Trader was a bit flashy; Tim Sykes knows how to sell people the dream of being a successful trader.
On the one hand, there’s nothing wrong with being a clever marketer, nor is there anything wrong with selling a service that teaches others how to trade. And let’s face it, the “millionaire lifestyle” is synonymous with day trading; this is what most people trade for – to make lots of money.
So I don’t think flashy marketing makes something a scam. However, it can be easy to get swept up in the excitement and forget that, as with any investment, there are risks involved.
And there are no guarantees you’ll make money. So even though I do believe it’s a legitimate service, I wouldn’t join expecting to get rich quickly or without putting in the effort to learn how to trade properly. Like anything worthwhile, being successful takes time, effort, and dedication.
That’s why I think it’s good that Tim shares training within Weekend Trader, on his blog, and Youtube channel, which is aimed at helping people learn how to trade successfully. That way, instead of just following his trade ideas, you can learn from him.
What are others saying?
There seem to be mixed reviews online about Tim Sykes’ trading services. Some people are fans, some aren’t, which is pretty standard in this space. But as of writing, his site has an overall “Excellent” rating on TrustPilot based on over 70 reviews.
Weekend Profits is a webinar where Tim Sykes explains how he trades small stocks on Friday afternoon based on news stories that haven’t gained the attention of the masses.
Here’s a recap of how his system works:
- Tim finds a news story that breaks on Friday afternoon, and has the potential to impact the price of a penny stock (stock that typically trades for less than $5 per share).
- He then studies the company to determine if it’s a potentially worthwhile trade. And if so, he shares this with subscribers, typically with the goal of placing the trade on Friday.
- After the market closes, and over the weekend, the idea is that news will spread and garner the attention of investors.
- Then, all going well, come Monday, investors could be jumping into the trade and potentially driving the price up, which is when Tim is getting out of the trade.
Of course, there’s no guarantee it will work out that way, but that’s the general idea of how Weekend Trader works based on my research. As mentioned, I didn’t join the service, so to find out exactly how it works and how well it performs, you’d need to sign up for $1,997.
Should you join? I think whether or not it’s worth joining will depend on your circumstances, goals, and trading preference.
If you’re interested in making short-term bets based on market inefficiencies, and you have a suitable amount of capital to get started, it might be worth checking out. On the other hand, it’s probably not ideal for longer-term investors or those on a strict budget.
Either way, I hope what I’ve shared has helped demystify what the Weekend Profits webinar and service are about, and if you’d like to share your thoughts, feel free to comment below.