Why? I have no reason to prove it at all...I've got the money. http://elitetrader.com/vb/showthread.php?s=&threadid=76318 http://elitetrader.com/vb/showthread.php?s=&threadid=78598 Your parents should have ponied up the extra cash for summer school because you need all the help you can get and listening to Tim and Jim Cramer isn't going to teach you shit.
I have been investing for 4 years and I've turned $50k into about $2M. 50k into 2mm? I think 12k into 1.65mm sounds a little bit more believable. I still have not seen what you or tim are doing but if you insist you are a small cap player for four years I must know the particular companies and their moves(I still remember my best prints), news headlines, and everything else that has happened, well almost... I am curious what companies were you involved with? f--- the record brag a little. As for writing a book on your experiences... why not? It is only through deep self introspection and thorough analysis that one truly learns of himself and others. Very few have the balls to do what this kid has done, which will make his book all that more interesting. Bashing a washed up hedge fund manager like cramer is one thing, guy adami, I can see that, but a small young manager that has had a long losing streak for a while is inviting unwanted karma upon yourself. (you have probably been getting pounded all month) I am 25 years old and am currently writing a book that has nothing to do with trading. Does this not make me a real trader? If I want to make a movie that has nothing to do with trading, start a clothing line, does this make me less of a trader? Just because one has other hobbies other than trading does not make him less bout it. I am not writing a book for the money, hell, I might just push it on pdf for free(but to people like you, if it is free, it isnt worth anything). I have something to say. When this happens in ones life they usually look to selflessly promote this new found knowledge or mode of thought. Does money always have to be a motivator? what about truth? All that have made it big in trading and have written books say almost the same thing. It was never about the money, more hypotheses and experimentation(livermore, soros). The money is a guage a barometer to let you know how your thinking is performing. I truly doubt that anyone that has pulled of any sort of success at a young age (that will keep the flow) would be bashing others especially to the extent you have. that is just being a hammerhead. Smashing your head against the wall can cause brain damage. and you always wonder why your head hurts... You are right though.. I dont know you or tim and I have not seen any tv other than bloom and cnbc for about a year and a half and those are two very shitty deceptive channels. oh and this is me... there is no other. This is a great board and I do enjoy the input here other than the unconstructive waste of time and bandwith. I should make more appearances, some good convo here.
You write like an 18 year old kid with ADD. Why is $12k into $1.65M more believable than $50k into $2M? I don't really care about it, but I have to know how the math worked out that made that more believable?! Writing a book about something you can't perform at is okay. I just have issue with Tim promoting himself using information that isn't current and which falsely paints him as something he's not...mainly a fund manager that makes money. He's only a fund manager by technical definition and he's made a whopping 1.5% in the last 4 years compounded. That's why I tease him. Why not bash him? You don't call out people that you know are being deceptive? I find it somewhat reprehensible that Tim bills himself as something that he's not...once again, a fund manager that makes money. Like I said in another post: If there were a 600 lbs man who lost 200 lbs. from 1998-2003 and hasn't lost any weight since and still weighs 400 lbs, would you read his diet book? You might read his memoir as it could be interesting and I understand that, but if the guy billed himself as some sort of knowledge base in weight loss even though he still weighs 400 lbs. it would be read as bullshit. Tim is the same, only with finance. He hasn't made money in a few years on a compound basis because he can't and even the years he did make money(2 years ago) were extremely unimpressive based on the information he uses to promote himself.
Quote from SiSePuede!: I have been investing for 4 years and I've turned $50k into about $2M. Just curious how a 21 year old scrapped up 50k. What vehicle were you trading to get this return ? Are you avoiding these questions on purpose ?
okay, if that is the case, (him promoting blowout past profits and disregarding present megadrawdown) you have a right. I myself cannot stand posers but I feel if this kid has made it this far, he will probably find some strategy to keep himself alive. I do notice and remember a few posts where he disregards other stocks as boring or not enough volitility. This is heinous in my opinion for the fact his current strategy is underperforming and has been underperforming for a while. He does have alot to learn. I do not buy small caps and anything in that range. This was my strategy as a broker when these things were hot (take advantage of four letter inefficiencies) in that time frame and after losing megacap, clients and sanity, I had switched to a more conservative strategy (nyse). So what we will have to see is tim develop a real strategy that can employ real capital, work with margin, derivatives and anything else that will give more zing to the bottom line. Surely a 5% move leveraged 10x will give you the same result as any of these high flyer nsdq nothings. Much easier to predict and this means a much more consistent record. Not that he has to leave the small cap arena completely, but maybe needs a little trend from real names. and if stocks are not trending in US then he needs to have the foresight and balls to go to other markets to pull the consistency investors look for. I have little tolerance for drawdown and so do they. I agree with the points that you have made and it is unfortunate he is releasing his book at this particular time, with his fund eating dust. Oh and uh buddy, next poster, I am not tudorjones I think I remember reading one or two posts from this fellow but do not remember what was said. I will sit and prove it to you. we have two different stories and believe me, you have never heard mine. I am not soft so do not think shit is sweet. Only thing sweet here is the sugar in my coffee.
Congrats, you found threads that are approaching a year old, is there a point you are trying to prove with this brilliant find? Why would I take advice from Jim Cramer, or Tim on Forex? Last time I checked they don't trade Forex. Fucking moron. Continue with your bs talk, everybody knows you are just envious of someone that you could never match in terms of gains so you make up bullshit. Like I said, prove it, or shut the fuck up. Oh and by matching gains I don't mean the -39%, which is the closest you've probable ever come. Continue with you're 18 posts a day though. Seriously if you spent as much time learning as you did posting you might be profitable. Oh and in case you're wondering, I havn't lost a Forex trade in the 6-8 months that I have started fundamental trading properly. But I did blowout 75% of my first account when I thought I knew what I was doing. Now, minus a tiny little $250 account that I use for practice, I am 100% profitable. I am by no means rich, but I am only 19 and started with only a couple thousand, so I'm not doing bad. But at least I can prove what I claim. Anyway.. It takes 10 minutes to hit prnt screen, erase personal info, and post a statement. So if you're such a hot shot post one. Otherwise find something better to do with your time. One of my accounts is attatched (was testing a new broker for execution with 1K), best month in terms of % gains.. Average is about 50%+ a month with slow down during the summer.
Wow, take it easy there little puppy. You and tim can talk about his book and hold hands and watch the sunest. You can't learn shit about Forex, stocks, or much of anything from him I'd say. I can post two of my accounts, one is Ameritrade and one is TOS. Have fun little shit for brains. Maybe you can learn how to not make money from tim! And you should wait eagerly for his book on how not to win the lottery since he can also do that!
And Ameritrade. Remember, this doesn't include some bank accounts, stock certs, private placements, investments in private companies...those total another $1M or so.