Thanks for that reasoning, very, very enlightening. But let's see if you can understand these figures: Wall Street Warriors has now aired approximately 600 times over the past 9 months and still airs 2-3x daily. I appear in 5 of 6 episodes so it's fair to say my episodes have already aired 500 times. After every episode that airs, I receive approximately 15 emails (actually 20 now that MOJO has crafted some new commercial that feature me). Do the math and you'll see why my mailing list is over 10,000 people. These are people who, for some strange reason, do care about me and my trading. I'm tired of repeating myself and answering everyone's questions individually so I wrote this book for them. It's not an egotistical endeavor, it's to help me deal with all the questions I receive! When Wiley offers me a $35,000 advance and basically only $2-$3/book after that and only 50 cents/paperback sales, I think to myself why do I need them? I've already read a dozen books on publishing and I've found this industry is even more inefficient than the stock market! I can make $10-$12/book on my own so if I can convert 3/4 of the people that have already emailed me asking for more details of my story, that's $100k+, not to mention all the other people that will hear about the book when I promote it and future airings of WSW. Authors do most of the promotion themselves anyway so the only real risk is the $15-$25k it costs to edit, design, and print/send out review copies. In conclusion, anybody can publish a book, but not everybody has a successful TV show that gives them a large audience of buyers. I might not have made any money lately, but I lay out my entire journey in an entertaining yet realistic way so hopefully, my readers will learn to profit from market inefficiencies as I have, but not be condemned to repeat my mistakes.
You mean the markets you have been unable to make money in for the last 2 years? What will you do if that wild inefficiency in the publishing market nets you $100k?! Pay rent for a whole 2 years in the city?!
Judging by your previous 4+ years of exploiting stock market inefficiencies, one would conclude that you will have a warehouse full of unsold and unwanted novels.
Tim's story reminds me of another guy who made a fortune catching the dot com bubble just right. Now he just makes millions on books and seminars. I can't quite remember his name.....michael somebody......
It's funny how this clown thinks his show is popular. Out of all of my friends in the biz still...out of 20 (Hedge Funds,Prop, Institutional Sales Traders) 2 have heard of him. They happened to see him on CNBC....and those two thought he was a complete idiot. Not one of them knew about his show....and yes they have that HD channel his show was on. He is absolutely nuts if he thinks he is so well known.
Nothing wrong with giving a fair trial. Hell yeah, just to prove a point, I asked some of the traders (about 9) at my financial institution if they had heard of him.....the answer was no. unanimously. So 20 isn't a whole lot more to ask.... I figured why the hell not...if these morons supporting Timm(g)ay were right, and he was so famous, and everyone was beating down the door to find out what his secrets were, then statistically one out 9 traders must have at least heard of him....but no...but of course the guys I was talking to are actual professional traders employed by an actual institution (not a prop firm) so they probably don't really worry about people like Timm(g)ay....so maybe my results were biased.... I was just trying to give Timmy the benefit of the doubt and be fair, as I'm sure Eprado was. mde, Timm(g)ay said he was hiring! woo hoo! Kiss enough ass and you may get to be the intern of a 26 year old "trader" who probably knows even less than you do...which is saying alot.
Well....in conversations over the mos since that stupid show came out I mentioned his name to most of em. Not really one by one like a friggin survey. My point is....he isnt nearly as famous as he thinks he is.