Ok, so I skimmed through the thread - some great posts but a lot of really stupid stuff here... If you're looking for some entertainment, Tim's book will be great - something new and different. Look at the other crap on the shelves these days...at least there's something here that pertains to your hobby/profession/interest! Go ahead and read Oprah's book of the month instead - let your pussy tingle while you eat scones. Even if the 'story' isn't so great, the final product will have been edited over so many times by professional writers that if it isn't 100% nonfiction, it will likely still be entertaining. You buy/read it to read about the experiences -- no different than Buzzy's or Soros' autobiographical books. I doubt those guys wrote for the money, something tells me Tim isn't either. Tim did take the 'hollywood' route, he's marketing himself and he knows any publicity is good publicity. He's hedging himself, worming his way into the free money...It's all about marketing and sales unfortunately. He could be the next Wizetrade guy for all we know. No book on the shelf is going to teach you to trade. This is entertainment. Anyone who thinks otherwise is a fool. Yah, timmay is arrogant. The girls at Tufts were hot...but I've never met a successful trader who isn't overly critical of himself and others. I'm an institutional hack, I do well, but probably won't reach his level of _independent_ success for a few years. Most ET'ers won't, most professional traders won't either. I'll take a look at his book and if I ever see him on the streets of NYC will offer to buy a cup of whatever the hell he drinks.
I didnt say I liked Rudy...like you..I detest Notre Dame. Too bad that choke QB of theirs has moved on...was fun watching them lose the big game every year.
By "reaching his level of success" do you mean making money and losing much of it, starting up a failing "fund," looking like a bitch on national tv by being an asshole to your mother and whining about small price swings in stocks, and then attempting to write a book to save face? If not, please clarify. Yeah, I don't think most people can do so many stupid things in a lifetime let alone the course of 5 years either. And if by success you mean having $1-2M, I'd have to say you don't know what you're talking about.
By saying that your fund is too small for certain things yet benchmarking it against what are likely much larger funds, you're being deceptive and the fact that you use one reasoning at one time and another for other times makes you seem even more like an idiot. Although most people need no more proof, please, we've had enough. Keep flip-flopping about your trading. You're clearly not a great trader since you haven't turned a profit for the last 2 years right?
1. Smaller funds and investors have an obvious edge over the big-boys because we can move in and out of our positions much quicker. I attempt to show this in my book--people seem to think they have to follow Buffett, SAC, etc. 2. For the last time, I know I'm not a great trader, but my story offers GREAT LESSONS for traders and non-traders alike. 3. You will see there are very specific reasons why I haven't turned a profit in 1.5 years-- 4. Here's the latest review from somebody who's actually read my book: http://onebadtrade.blogspot.com/2007/07/who-is-tim-sykes.html
SiSePuede! I mean by "success" this guy is probably doing well than most of the other hacks posting here. 1-2 M @ age 24 or whatever is not bad at all. Publishing a book at an equally young age isn't anything to scoff it. My point was he's been through a lot of crap and now he's selling the experience - he's making the situation work for him, and I'd consider that success.
1. Therefore comparing your "fund" to other funds that are likely working with $10M+ capital is unfair...too bad you aren't honest enough to admit that. 2. Your story is worth a couple of bucks maybe. It might be great entertainment reading about how you took a tip from your roomate's father's company and were dumb enough to buy into that shit. 3. The reason you haven't turned a profit in 2 years is clearly because you can't...otherwise you would have. You've failed to turn a profit which is your goal I'm guessing and were unable to. Excuses are for the weak. 4. That review pretty much makes it clear that you're writing a book for other losers who can envy you for making money at one point and associate with you for losing it. Do you get tired of the rhetoric you're giving and your flip-flop statements are a little banal at this point.
Haha, you're gonna tell me to leave my own thread? Are you kidding me? Just stop reading it if you don't like what I have to say! Thanx! Its all about finding opportunities and picking yourself up when you're down. It's easy to judge somebody when you don't know all the details. Not making excuses, just showing that my story will help people learn from and hopefully avoid making the same mistakes I have. Past mistakes and losses can be used to better our futures, as long as we take the time to understand them.