haha.. you don't know what the hell you are talking about or who the fcuk you're talking to... Good Luck
1) How did this thread get hijacked into a pissing contest about Timmy going to SAC's house? Who gives a shit if Timmy was or wasn't there? If he actually was there, it's only because he paid his way into the party (as he admitted to doing). The fact that he namedropped and bragged about going there and later admitted that he went on a paid donation invite from a small internet forum is bad enough. 2) I believe Ghosts credentials were already verified by some of the longer standing members of this board. 3) Some of the posts on this thread are absolutely hysterical. 4) Can someone please tell me who the heck would write Timmy a check to invest in his pitifully performing "hedge fund"? 4b) Most importantly-- After watching WSW and viewing Timmy's track record, only a drooling putz would go buy his book.
That's the great irony of it all. They say, you can't judge a book by its covers. The same thing applies to Timmy's trading and this book. It is the BEST I have read, and I have READ THEM ALL... (except one, which is really really really old that nobody would even find it even if I name it here..)
Ummm, have you seen his 5 year performance numbers? I don't care if he writes like Ernest Hemingway, the fact remains that his hedge fund has performed worse than the average granny's low yielding checking account (and don't forget that granny also got a free toaster for opening the account!!)
But, have you seen his actual trades/positions that resulted in those numbers? Most everything that happened to Tim to cause massive losses weren't really his trading itself. Other things played a major role in how everything really worked out. Things that I have personally experienced, and for that matter.. anyone aiming for the big time will face. It was refreshing to see my own experiences in a book. Tim had the COURAGE and the WILLINGNESS to put it into a book. What Tim offers (THANKFULLY!!!) is how anyone can fall prey to the hucksters of Wall Street...
Let me get this straight... You're saying it's not Timmy's trading that was bad, but rather a 5 year stretch of bad circumstances? O.K., then by that rational, another way to look at it is... His 99-01 run was nothing more than a fluke due to a massive equity bubble, and since that bubble popped he hasn't made a dime.
His record is, at best, ordinary. But most important, although I have never seen the tv show, he spoke rudely to his mother (told her to "shut up") on camera b/c he was pissed off about losing $4K. Then he bragged that $50K losses are nothing to him. There's nothing more I hate than some young punk who is disrespectful to his mother, and for the entire audience (of 100) to watch. Disgraceful. How can this schmuck talk disrespectfully to his mother on tv, and then want us to read about him ?
I cannot disclose anything further.. But, the answer is: A GREAT BET WENT HORRIBLY WRONG. It had the potential to set Sykes for life or never having to work a single day of his life again. It was a great bet and Mr. Sykes came away with LESSONS to ponder rather than the $$$s. I admit that his TRADING sucks in the absence of the RIGHT RISK CONTROLS. That's the only flaw.