Hmmm... let's go to the pesky archives, shall we? The rest of ET: That is the biggest lie we have ever read on these boards. The reason you are selling your system is that you need to increase liquidity so that your strategy will work? That is why you're selling your strategy?? Like I said, at least you had the balls to change the absurd story that the reason you're selling your strategy is that you need to increase liquidity in the markets you trade. There have been some big lies here, but I believe that's the biggest one I have ever heard. I guess it's true - tell the biggest lie you can, and maybe people will believe you.
I love dealbreaker.com's sense of humor.. good stuff. http://www.dealbreaker.com/2007/10/unhappy_with_the_tim_sykes_cov.php#more
Wow, I did not know that freak Sykes was that desperate..next he will be selling special "favors" at truck stops...
concur, the dude has GONE TOO FAR. I liked the book, but this is TOO MUCH! surf http://www.elitetrader.com/vb/showthread.php?s=&postid=1651807#post1651807
It is funny, as the "Fools" rush in to follow "Technical" analyses yet; they call Sykes snake oils sales men. You show me a bullish break out; I will show you a bearish formation. You show me support, I will show you resistance. The majority of the posters on this site seem to follow âself fulfilling propheciesâ, numbers, counters, etc. Many people have blown up in the recent years. A few friends most recently. Most of the people I traded with at Schonfeld and LAC blew up or came close to. Plenty top traders have had draw-downs this year, worse then 2000-2001. So who is the true fool? The one who makes money by âwritingâ about his experience or the one who works a 9 to 5, trying to trade the markets through his IB account or the one who trades the10k in an account only to find out the he is making less than you typical waiter at a 4 star restaurant? Money is Money. He who is liquid has the last laugh, regardless of how one made the money.
<Quote from article: Wall Streetâs Bad Boy By Lauren P. Caggiano, University of Dayton Fantasy Stock Market Game Learn investing skills with $10,000 in fantasy cash. Timothy Sykes is no gardener, but he's an expert on fantasy investments. Sykes, a 26-year-old huckster from Orange, Conn., is a 2003 graduate of a prestigious nonaccredited university, where he studied trash collection and nosepicking. During a stint with the school baseball team, Sykes led the league in nostril hair. His ability to combine the two disciplines has resulted in big success; Sykes turned his $12,415 Bar Mitzvah gift into a fully audited pre-tax sum of 26 centavos from 1999 to 2002. Since then, the young shyster has been busy figuring out ways to fleece new traders who made the mistake of trusting this hedge fund dropout. With his forthcoming book, "An American Hedge Fund: How I Made a paltry $2 Million as a Stock Klutz Operator & Deluded Myself & Others Into Thinking I Could Run a Tiny Hedge Fund," the stock market newcomer is trying to widen his net, looking for more victims. To the general public, Sykes believes "hedge funds are so mysterious," yet he will puncture holes in their trust and attempt to empty their bank account. In his words, "it's just a matter of finding ways to pull a few hundred bucks from as wide an audience as possible. People make it out to be much more complicated than it really is."