His appearances on CNBC were probably the final nail in the "I cant raise outside money" coffin. The show I saw he was on with 2 other established people int the business. They came across as very professional and knew what they were talking about. He came across as an immature buffoon. Every answer was "The chart is beautiful". He didnt even know what companies some of the stock symbols represented. Any large investor who had even a thought of throwing this kid money surely ran for the hills after seeing that. This is all on top of the fact that he is coming off of 12-18 mos of very unimpressive returns. While I did think the models holding the cards were funny/entertaining, I am sure some it absolutely turned a lot of peole off. All in all he comes across as what he is exactly is....an immature kid in his twenties.....with a major ego problem.
saw cnbc video from his website... My favor Timmay quote ( everyone should have one !) : " So you bought XYZ ? Ok , ROCK ON !"
Whew, lots of correcitons: 1. I have over a dozen investors, its far from being my money. 2. the title of the book refers to what my goal in life had always been--I'm not claiming I ever got there. 3. The few people that have read my book have called this a modern-day Livermore story, I NEVER HAVE. The word "Operator" on the subtitle is my way of getting more attention on Amazon.com when people search for Livermore's story. Its a simple marketing tool. As are the other key words in my title--its just smart business. 4. As for WSW, I was initially only supposed to be on one episode, my personality, for better or worse, got me the starring role in 5 of 6 episodes. Like on CNBC, I definitely played it up for the cameras--again, its just smart business. You call it acting like a clown, I call it breaking the horrifically boring finance stereotype, it doesn't matter, it's gotten me into the media spotlight and the end justifies the means. Now, the question is if I can use this influence for good--I think I can. 5. As for my skill as a trader, you can judge that after you FINALLY have all the details in a few months. 6. My performance data was never shown on WSW--my lawyer and I made sure of that. 7. I'm not dodging answering questions--I'd love to shut many of you up with the truth, but you have to wait until October, then you can have ALL the answers. 8. I don't mind criticism, but I am going to explain everything I possibly can because many of you can't seem to think outside the box.
Yeah...I really think he is in for a rude awakening. Trying to call himself a modern day Livermore will get him some laughs...but thats just about it. The fact that one of his biggest supporters on here is that complete fucking moron PTJ speaks volumes. Outisde of being a wanna-be,full 0f shit, lying scumbag....PTJ is probably on ok guy.
Direct quote, Timothy Sykes Wall street warrior, episode 2, 9:50 "I am betting 300 shares against this company, RIGHT NOW" (Tim gets excited) "Im up on my 2000 dollars, (cost of position) Im up 15 dollars!! I dont want 15 dollars, i want 20 dollars!!! i got to get more greedy!!!!" (Tim damn near creams his panties at this point) Exact quote, Timothy Sykes 9:50 wall street warrior Season 2 Now in fairness Tim did go on to make 10 ticks on 4k shares later on in a trade, definately the next fucking warren buffet. AHAHAHAHAHA anyone else still wondering wether or not he is a piker???
LOL hilarious man!!!! TIM SYKES ANSWER MY QUESTION DID YOU TURN 12K INTO 1.6 MILL WITH NO USE OF LEVERAGE OR DID YOU DEPOSIT 12K INTO A DAY TRADING ACCOUNT AND PROP TRADE IT UP. I could get roughly 5 mill buying power on 12k if i wanted it right now, not a spectacular feat to make a mill off that in the tech bubble.
Sorry forgot to reply--I've never been comfortable using leverage--that's why I never went the prop route. In fact, I've only used leverage one time in my life when I had a few positions totaling $1 million when my capital was only $900k--I quickly closed that out for a quick loss. I'm not one of those guys who has the patience to hold, I aim to take my 5-20% gains and I move on. That's why I'm so proud of my 70x initial investment in 9 years--because I've had soooo many little gains and they add up. The one time I tried to hold longterm, we all know what happened.
Ok Tim i will give you that, i just gained a little more respect for you. I now respect you almost as much as the homeless guy sleeping outside on the subway grate asking for change. However there were many guys who did exactly what i described before with 12k, this only leads me to believe that you have hit your max in terms of daytrading micros.
I am not a big fan of this numbers thing Tim...but I will try it for you. 1. What percentage of your fund do they represent? In reality you could have 12 of your friends each kick in 5k each. 2. That's cool. 3. You really should stay away from comparisons to Livermore/his book. Any trader/person in the biz will be expecting WAY too much, and most likely be greatly disappointed. That being said you claim you aren't comparing yourself to Livermore....but the use the word stock operator on the cover. Here you go dancing around the truth a bit again. 4. Here is my MAJOR problem. You go on a show. Now...either the Tim we saw is the real you. Which is an egotistical prick who acts like some big shot. This Tim will most likely draw a lot of dislike/hatred from other people in and outside the business. Unfortuneatly many people outside the biz think all wall street types/traders are Grodon Gekko-like fucktards (sorry...I like that word)...and you are just hammering that point. . Or......the producers had you ham it up and totally be someone you aren't. In that case you are out of your fucking mind for letting them portray you like that. Either way...lose /lose situation. 5. Traders are judged by their actual performance numbers. You did very well early on, then your performance went south. These are actual figures which are out there in the public. Unless you had some fucked up error trade which cost you 30 % of your AUM, there really isnt any grey area here. 6. Fine. 7. You not talking and telling people "The truth will be told when my book comes out" is obviosuly a marketing ploy. Not saying this is wrong...but to anyone with half a brain, this is obvious. 8. If you want to do that on here....great. If you can show me and some others that we are completely wrong than so be it. Hey..I have no problems admitting when I am wrong. But as much as you try and convince me, I still wouldnt read your story/ buy your book.....just doesnt interest me.
Exactly, either he is one of those fairies who goes loonie toons for a video camera or he is actully as much of a prick as we think, either way he is a person i woukd definately steer clear of. On a side note anyone else wanna see a weasly prick like timmothy sykes??? watch WSW season 1 episode 2 at 14:11, where the amex spec tries to tell everyone that he "has to buy/sell" when the market is going down or up, and also tries to say that him and his spec buddies took out second morgtgage on their homes to prevent the 1987 crash, i almost had a tear in my eye.