I love how everyone keeps ripping on Tim. I'm going to set the facts straight: Watch the beginning the show, Tim is labeled "The Start-Up". Whenever the show has his name on the bottom, they label him "Startup Hedge Fund". He never claims to be big time. You want to root for him to fail because you are jealous he's so cocky, but small time and yet is basically the star of this show, fine. Just get your accusations right. Anybody can start a hedge fund; all it takes is about $20k these days. Its just a simple legal structure. The majority of hedge funds are not "hedged"; they haven't been for decades. Some hedge funds make movies, others trade, some turnaround companies. Sykes relies on others to do his chores because he spends 15-20 hours a day looking for stock plays, its no different than having a personal assistant except Tim is too cheap to hire one. Tim bought his mother a house, he can joke around with her. How many of you have ever bought your Mother something that big from trading profits?
hey mike You the same mike that was talking bout tim at his rooftop party in that previous episode? What do you do exactly in NY, work at a big firm?
I have, and I still think he acts like a D-Bag. He's looking for start up money 15-20 hours a day? Are you serious? He hangs out in a bathrobe and pretends he's a "hedge fund." If you are looking for more money try acting and looking a tiny bit more professional (how about a clean shirt?). As the guy who shines my shoes hangs above his station, Cecil says, "An ounce of appearance is worth a pound of substance." Thanks Cecil. Just act a bit more humble.
Ok, so I'm watching a clip of this show on mojohd.com and this is what I hear from a trader that is part of this program........ "at 2.52 pm with an hour to go I'm down 3600 on the day and my dream stock for the day has proven completely worthless,,, right hear you can see in the afternoon it cracked the days low at 91.20.... went strait to 90.20.... see this was a nice little short which I got some of. But I still thought the stock was going lower and right here this little bump up is where I got fucked. I went short right around here, little too soon cuz I covered right here for a 4000 dollar loss. This is why trading is so tough... I was completely right on the price but I couldn't handle the pain. I had a 500K position which is a much bigger position than I wanted to take. Uhh, I just averaged up. Now the stock is acting perfectly. Woulda been a 10K profit had I had the balls to hold." WOW, and I thought I had a lot to learn, are you kidding me. This actually makes me feel better about my trading skills.
so your saying he didnt wait for the bounce/ price confirmation what ever you want to call it i watched the same clip/chart as you and felt exactly the same way. blondes chics hot though wish someone would post a longer clip on youtube
I just watched the full episode on the website. Here are a few comments. -that jeans company the guy is shorting must be True Religion Jeans. It got whacked a while back. Good work on his part if he nailed it. -the Sandra chick isn't bad. Hair needs work. And I have a feeling that at 4am, with out all that make-up she's barely average looking. -That kid trading the "hedgefund" out of his apartment sure looks nervous when trading. Almost as nervous as he looks while talking w/ Sandra. Was that kid's Mom recently in some internet MILF videos? Overall it was entertaining but I'm not rushing out to get an HD tuner just yet.
Other than Sykes individual who is the biggest piker I have ever seen, the show seems entertaining. HBO series should be a killer compared to this...
Comments on Episode #6: The interesting thing about Tim is that he made his money by being long in the bubble priod, nevertheless he is mostly short right now. Seems to me as a completely different strategy. Also as it was noted, he could try to act more professionally if he is after big money. The show definitely didn't make me want to throw a few millions at him. There was this Pakistani chick in the show for no good reason. She is trading something obscure in the German market, we never really learnt what it was or how she does that. I love Jim Rogers. He also didn't talk about trades, but at least we got to see his house (on the market for 15 mill) and his winecellar. If nothing more, the show is somehow entertaining, and it is a good INSPIRATION for beginners... Still, a little more about trading would have been nice....
Lol she reimnds me of zha zha gabor... New York is where I'd rather stay. I get allergic smelling hay. I just adore a penthouse view. Dah-ling I love you but give me Park Avenue.