I'm sorry, every time I see this thread I can't help but think of South Park.... If anything, this guy is good at selling himself, but really..... he's selling himself to the wrong people.
Im looking forward to purchasing this book. Tim is a character, and I have no doubt it will be an entertaining read! Jesus, some of u take it all just a BIT too seriously. What difference does it make that his small fund has suffered in recent years? With the vitriol and hatred thrown on this guy here.. I can only guess some of you will be putting a gun in your mouth when the rough patches in life stop by and life require that you reinvent yourself. I suspect Tim will learn from the losses. When he chooses to get back "with the drift" and focus on the long side, his results should improve. compare a McDonalds Hamburger in the add to what is actually in your cardboard container... Not the same, not at all.. but its marketing!! Tim is self publishing or going with a small publisher, and he is out there selling himself in a way that at the moment seems very effective. If you can't learn from his trading lessons, maybe you could learn from his positive attitude, enthusiasm, and nack for promotion. Tim is funny. Not many books I know of are from the "blow by blow" day traders perspective, a guy starting from scrach and trying to put together a small fund. It will be a fun read, i am sure
Just caught him on Cavuto's Fox New Show. Cavuto basically told him he was late to the show (with Hedge Funds) and questiond the idea of starting a hedge fund recently. I'm not sure what Tim wanted out of this interview, but there was very little to no mention of his book. Hearing Tim saying that mutual funds were dinosaurs and only can make money in up mkts was funny.....especially after he said the mkt was great and at all time highs. Cavuto basically came across as very skeptical of Sykes. I wouldnt imagine that this was what Tim wanted out of todays show.
Actually, I was quite pleased with the interview. I defended hedge funds as Cavuto thought their fees were too high for too little gain. My point in mentioning that the markets are at all-time highs was that I don't think the good times can last indefinitely and when they stop, hedge funds, especially short-biased hedge funds will reap the rewards. But it was a national audience so I wasn't about to get into short selling basics. And, Cavuto was only skeptical of my returns, but after I told him they were all audited, he backed down. Nice attempt at fact twisting (I'll put the video up on youtube.com later) Also, it was incredible to hang out with Steve Forbes for nearly an hour before the show (he was the guest before me so I gave him a copy of my book and I got his card--hopefully he'll offer his thoughts) Anyway, national TV appearances always pay off and this time was no exception--I've already received over 300 emails. Not mention that FOX producers have asked me back on for their weekend roundtables and to discuss the possibilities of appearing regularly on their upcoming business channel, launching this fall. So, this great day was only just made better by a great steak from Strip House in my belly and the best book review yet from TheStockBandit.net: http://www.thestockbandit.net/2007/07/04/timothy-sykes-an-american-hedge-fund/ Happy 4th of July everyone!
Oy Vey ! This is my last post on timmay. While I give timmay credit for perserverance, your naivete is amazing and it will be your downfall. There are great short sellers out there who have made big returns even into the market rise from 2003. You have no clue how to be a successful short seller (i'm only going by your returns). Maybe you'll learn, maybe you won't You are lucky Cavuto used you as filler time, he basically did no homework about you, b/c if he knew your track record, you woulda been in trouble. But Cavuto was not interested in that for whatever reason. I agree w EPrado (who is a wise man, and hasn't twisted anything) that given your future may only be in book writing, that this interview was meaningless. And if you think your buddy Steve Forbes has time to read your book, you are mistaken. Bottom line, the sucess of the book will dictate all here. I agree w most on this board that the story is very ordinary. So I wonder who would buy it. You have no real lessons for wannabee traders to learn from. people want to learn from success. Trading failure stories are a dime a dozen. Take it from me, receiving alot of emails and translating that into $$ are 2 very different things. On the internet, people will do anything for free (like emailing). getting someone to pay is a totally different story. You'll someday realize that these are wise words. Keep perservering timmay, nothing wrong w that. I applaud you for pushing forward. But please don't think that your ordinary performance is a result of the market rising. I'm a pure short seller, and i've enjoyed double digit returns for 12 consecutive years. And there are other pure short sellers who are not hindered by a market rise. Successful traders do not need to write books. Book writing is for trading failures like tony oz etc. So as i'm doing well trading, you won't see me writing any books anytime soon ( I can't write anyway). Good luck.
1. Cavuto did his HW, I sent him my book, he liked it, and had me on. 2. Have you read any of the links I've posted of the few bloggers (whom I've never met or talked to before)? They all say my story is full of educational value for aspiring traders. 3. Ordinary story! Ha 4. Plenty of successful traders write books--let me know if you can resist writing a book to help people and explain everything you've been through when you're getting 40+/emails from young investors and traders who know little about trading and hedge funds, but want to get in somehow. This book is going to help a lot of people and keep many innocents from getting slaughtered as has always been the case until now.