i agree, tim seems more like a day trader that for reason wants/tries to get people to give him money to trade isntead of using his own
Timmy is NOT A GOOD TRADER. He is NOT PROFITABLE and hasn't been for MANY YEARS. 1.5% compounded annual return over the last 4+ years is pathetic. Timmy knows he is not a good trader (and he has admitted it here in his posts). Why his book seems so fascinating to read is beyond comprehension. There must be thousands of "great traders" from '99-''01 who have more interesting stories to tell than this tool. He loses money sitting in his bathrobe trading on two 15 inch screens in his living room. Why would anyone want to read his nonsense?
You gotta be kidding me--I've addressed this numerous times. I've admitted to not being a great trader, but I've always said I'm a good trader. I made money all the way up to 2006, and once you'll read my book, you'll see why--don't even try to play that "only made money during the bubble" game here. As far as I know, 2002, 2003, 2004, and 2005 weren't part of the tech bubble, but please correct me if i'm mistaken.
What sounds like a great book, imho, would be the trials and tribulations of Rearden and others of the crazy Shony and Worldco ilk. How about it RM? Write that book! Sounds like a winner, at least more so than a kid living with his mom...
But you forget to include the times where he says that there is probably no one else out there who has done as well as him consistently over the course of hundreds of thousands of trades...so he says he's not a great trader at one point and then blows his own horn another. The little one is a FLIP FLOPPER!
Hey Tim, I'll probably get flamed on this board for being a "suck up" or something; regardless, just wanted to say thank you for adopting the mentor/teacher role and telling everyone your story. It's helped me out a lot.
I just got back from 10 days down the shore, and this thread is still alive? WTF? What more is there to say about Mr Sykes?
I don't know...he keeps flip-flopping so instead of just sticking with his stance that he's not a great investor, he decides to state that he believes there are no other traders to rival his trading which indicates that he thinks he is a great trader. Comparing his fund against other "short-biased" funds when it's convenient even though his "fund's" value is likely tiny in comparison seems to be another line of bullshit reasoning tim uses while fully admitting that it's much easier to manage the capital he has than the other funds...but he compares them freely when it's about performance even though tim hasn't turned profit in 2 years, but only if he can find a slant to make his "fund" look decent I find this thread comedic. The guy who hasn't turned a profit in 2 years is writing a book to "teach" others. I'm telling you, his next book will be "How to NOT win the lottery."
Below is recent picture of Timothy's largest Fund investor who has lost everything, and now is patiently waiting by the phone for more advice from Timothy (as you can see).