like him or hate him, tim sykes lays it on the line. his name, his book, his fund, his results--this alone is worthy of respect. witnessing nameless, faceless, internet denziens continue to knock him is a classic study in schradenfreude. jealousy must suck, gentlemen. regards, surf
Some do, but I feel that the majority simply want to understand the "hook for the book" here. Taking $12k to 1,600k is quite an accomplishment, but I think recent performance should be relevant. The volty hasn't been seen since, thus his returns have taken a hit. FYI, the word is "schadenfreude" but you insist on adding the "r".
hey your right, ---but its commonly spelled that way. http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4GGIR_enUS218US218&q=schradenfreude however, a better word for this unfortunate situation on ET is ENVY. surf
Wayne -- thanks for your concern. They fire is in South Lake Tahoe and isn't threatening North Lake Tahoe or Mt Rose.
I don't understand all the haters either. Granted Tim is not the greatest hedge fund trader ever (yet), but here we have a guy running a real fund making a real business out of it and the haters finally come out. I have some questions for the haters and doubters: 1) How is your hedge fund doing? Go ahead and post some links here so we can dissect your fund's performance. 2) When are you booked for CNBC so we can critique your spot(s)? 3) When is your book coming out so we can look for that as well? 4) When will you be profiled on a show about REAL traders so we can critique that as well? I find it amazing that so many want to take these absolutely cheap and childish shots at a guy that is doing what so many here will only DREAM of doing. Any trader here could only hope that you could have the balls and performance to start a real hedge fund attracting real money. It's one thing to trade your one contract on the ES daily to running a hedge fund competing with professionals. I don't know Tim other than what I've seen here and on the show, but to come out attempting to bash him on an anonymous message board just seems childish and immature. God forbid there's a real trader posting on the 'elite' trader website.
Huh?.. . there are plenty of $20 hardcover books from Wiley -- take your pick: http://www.wiley.com/WileyCDA/Section/id-300834.html .. . All the publishers charge $80+ for technical, limited-audience hardcovers. Browse the Wilmott bookshop and see what the other publishers charge. Wiley isn't higher than the norm -- and may even be a bit lower.
Hey Tim, Great to have you on the board. I've been a lurker here for years and decided to write my first post because of you. First of all congrats on the fund and the book! The 12k to 1.65mil is just freakin amazing especially for a teenager/college kid. Don't let half of these guys get to you, they would give half a leg to be in your shoes. Most will probably never make as much money as you did in those few years in their lifetime. Best of luck in the short-bias strategy, it has to be one of the toughest markets to trade because of the risk premium imbedded into equities. Ever thought of teaming up with a long-bias equity trader to create a long-short fund? Should be easier to get funded by a fund-of-fund. Maybe a portable alpha fund? Itâs much easier to get institutional investors on board. Anyways I canât wait till the second season of WSW. -Johnny
Actually he has been hiding his results/ staying away from that topic. It's funny how some stock trading kid who trades his own money can call himself a hedge fund. Even funnier he is writing a book about it. Keep using those big fancy words surfer. Friggin jackass.