I find it interesting how the prick (Tim) says that in the past a 50k up/down day was huge for him. But now it's nothing. An up 1mil day would get him going. I guess if I was trading a million dollar account , then a 100 percent up day would get me going too. This kid is so full of shit. Anyone who has been trading the stock market since the 90's til now will tell you that their swings were much bigger back then. It's funny....they show him crying about being down 5k, but 50k doesnt bother him? I wish this bonehead a lot of luck scalping 5k shares of a 6 dollar stock. I would love to know the fund of funds that wants to give him money. You have a kid daytrading small size from his bedroom who is down 17 percent for the year (vs a mkt that is + 12 %) and you want to back him. I have a nice bridge to sell them.
Don't get mad, man. It is a show to entertain ! It is a script. It somewhat reminds me of ET with some "strange" claims: Multi-billions hedge fund managers, making 1000% profit a year, etc.. Sounds familiar ?
Oh....even worse....if this kid cant handle a 1.3 million dollar account, then how is he gonna manage an acccount of 100 mil. He was nervous trading a 5k share position of a 6 dollar stock. There are plenty of Tim Sykes out there who thought they were geniuses during the late 90's. Most of em are gone/blew up. Luckily for him he didnt piss it away. That being said, being down 22 percent this year basically eliminates any chances of him raising money...considering his best yrs were barely above this. The dinner table scene was hilarious. I think those dopes need to invent a time machine and go back to 1997. That show is really bad for an outsider to see, as it probably represents a small population of people in the business.
Not mad dude. Just saying what a complete ass the guy is. Is definetly entertaining if you can read through his bs.
LOL he tried going long in a bullish market where S&P is up 11% and it did not work out for him? According to the article his big drawdowns came recently in the last few months. Since market was storming higher since July I figured he would have rode it nicely. If he wants to go on TV and pound his chest we can certainly have our say as well. The clip where he was shorting the $6 stock, it was only 5,000 shares or so...
"he tried going long which obviously isn't working out for him." He went long when the mkt was up 12 % this year and lost 22 %. Tell him congrats.....thats tough to do. He'd better learn two words: "Fries Up !" He should probably go long MCD, seeing how he will most likely be employed there next year.