I only wonder why people are trying to compare my SHORT BIAS FUND with the S&P 500. Actually I replied to her question that my fund was too tiny too even be worth mentioning. Nice fact twisting once again. I didn't mention my losses because that would give away the ending of my book and nobody likes it when you ruin the end of a book or movie. Open your minds to the possibility that I'm not hiding anything-- I want to share my mistakes to entertain you and to help you learn from them. I know this honesty concept is new for you and you guys can't really understand it yet, but welcome to the New Wall St. Now, you'll be able to learn to avoid the mistakes of the past. Wow!
Wait just a minute there timmay, your nose is growing fast. Are you gonna tell everyone you didn't say "I can't tell" when she pressed you about the size of your fund ? http://videoplayer.thestreet.com/?p...WIN&bst=FF&biec=true&format=flash&bitrate=300 Watch the video and see pinochio lie. And you say i'm twisting facts ? WOW !
07-04-07 12:57 AM "In 2006, Timothy's fund was ranked the #1 Short-Bias Fund by Barclays for 2003-2006 and he was named to Trader Monthly's "Top 30 under 30", a list recognizing the top 30 investment professionals under the age of 30. In 2007, he became the first guest to bring female models on CNBC to show off the beauty of stock charts. (View the clip under the "TV" heading) While industry regulations prevent him from discussing his life's work in any detail, he recently debuted on the speaking circuit alongside industry legends Steve Nison and Larry McMillan. He stars in the television documentary, "Wall Street Warriors" on INHD and is frequently interviewed and quoted in the media. He has been featured in Reuters, CNBC, Businessweek, CBS Marketwatch, Hedgefund.net, Hedgeco.net, Institutional Investor, Gawker.com, Dealbreaker.com, Salon.com, The Los Angeles Times, The New York Post, The New York Times, The New York Observer, Trader Monthly, Realhoboken.com, Dealbook, Alternative Universe and Absolute Return Magazine" No wonder yapper is so envious.
FIRST I said its too tiny to be worth mentioning--I wonder why you didn't mention that? Then I said I can't say and that's what my lawyer advised me. You just don't get it and I doubt you ever will, sorry.
LOL ghostzapper is on a role lately, im actually starting to like him, i was gonna call TIMMAY out on the exact same thing, but what is even funnier is that he can not mention his funds perfromance but he CAN mention which stocks he is trading, for his fund with no disclosure http://www.elitetrader.com/vb/showthread.php?s=&postid=1519027#post1519027 wait till you watch wall street warriors, just a word of advice Tim, i really do not think investors will take you serious when you are diving into the lake at a golf course on T.V., and trying to run over your golfing partner as if it is a jackass video. Another thing, anyone who i have met who is successfull does not act like a big shot based on 1 years earnings, smart business people hate guys like you who go out and become an instant bigshot because of one windfall profit, guys like you do not last. the funny thing is all of his friends idolize him, and actually try to act like bigshots like him at dinner when they probably dont even earn 30k a year. Tell me something Timmay O' Toole, do any of your friends even have a positive account balance in their account at the end of the month?? And yet thy talk about how they are not gonna settle on 10 million they are gonna be worth 100!!. i would not be surprised if i heard he was keeping a tax statement in his pocket tgo try to pick up dumb chicks who have absolutely no clue. Little word of advice, dont become a big shot off of (after tax) 800k, i bet you have rolled through that pretty quick unless on top of doing your laundry your mommy also pays your bills (which would not surprise me.) Do you think wall street warriors is actually helping you out??? I bet if that guy you met with in episode 5 or 6 saw the show he would pull his funds in a second, if not he is retarded to. Tell me something else, you say "well my past performance proves i am good" so if i was to go out and make a million dollars one year and then lose it all the next would "past performance" make me a genius? One firm i worked with gave me 3 million to day trade another one 12 million does this make me a hedge fund?? Then listen to his PNL on the show as well, "Im up 18 dollars on the day" and it always is like that or else down like 4-5k it seems there are a lot of fund managers like you right here on ET. MY GODDD i have never heard of such lunacy, when you get your hundreds of millions make sure you work the SNAKE OIL market heavily, seems to be the only market you are good at. Funny thing is i was actually on his side before i saw the show and realized what a fucking prick he was. I thought ET was just trying to beat him up but they have you pegged spot on.
Wow, you guys are really taking this discussion to heart. Perhaps a new thread could be more useful for everyone if we had an adult-like conversation with Tim about some of his trades and what he learned from them. Maybe something people could benefit from... example - skimming thru the thread, I see mention of one stock trade that went sour. Well, instead of bashing him for making a bad pick (like no one else here has done that) we could try to discuss what happened and maybe Tim's experience can HELP other traders. I realize that is counter-productive for most of the threads here on ET, but maybe we can step outside the box a little. I personally would love to know what happened on that big trade that lost and also what happened on his bigger trades as well. I'm sure that's what the book is for, but since Tim is already here, maybe we can engage in discussions about the trading biz. I know, the true spirit of ET is to bash any person selling anything, but whether you like him or not, Tim is a trader with a hedge fund, TV show, TV appearances and now a book. I realize that does not make him king sh*t, but I would venture to say that he's got some real-life experiences that *could* be fun and/or educational.
I was on his side 100% and thought it was just ET at first, watch the videos and see what you think. This is exactly the reason why the barriers to entry are so tough in this business, cause newbies think someone like him is a god for being on T.V...... then you hear the facts. oh and apparently TIMMAY thinks he can manage 100 million DAYTRADING MICROCAPS, LOL OMG THAT IS THE FUNNIEST THING EVER!!!!!! Please do tell how you are gonna make an average of 100k a DAY trading micros, lol our best trader at SWIFT trade makes as much or more than you did in the bubble PER YEAR, and he has zero dolars down, difference is he has done it year over year and keeps a low profile, and this is SWIFT we are talking about. I know tons of guys trading prop who can do 200k+ a year on 100k down(20% on that joke you call a hedgefund) who are unreal traders, and very kind, (will share everything they know) AND DONT HAVE AN EGO. I would take any of them over you any day of the week. On the show he did a fucking victory lap cause he made 10 cents on 4k shares and he actually thought he was a genius. Take a look at the PNLTHREAD, where there are tons of guys beating the piss out of TIMMAY and his 1 million dollar "HEDGE FUND" (his terms not mine) shitty 20% performance (on a good year) I live very close to a person who could roll your ass any day of the week, and he is very humble, and he spends as much time as he can helping other people out, he is a genuinely good person. YOU on the other hand.......
1) His "hedge fund" is a misnomer. I believe it's already been stated that the majority of AUM is his own money. It's basically a retail account with some funds from a few unfortunate people who were duped by his "bubble" numbers. 2) "His TV show"? It's not his show. He's a small portion of it thrown in for comic relief.....much like Screech on "Saved by the Bell". 3) "His TV appearances" only further cemented the fact that he knows little about trading and that he is desperately trying to hide the fact that he hasn't made money in five years. 4) "His book". LOL, well there's two threads and over 50 pages of posts about that drivel.