Yay! Another dumbshit that thinks quantity of trades beats quality. I'm sure Warren Buffet will be calling Tim to find out how he managed to trade so many times...word is Warren woke up and realized that he hasn't made nearly enough trades and that the gains he's made could be multiplied via volume. You're like a mentally retarded forest creature that pops out of the woods to say something dumb before slipping back into the shadows.
what's your point ? His biggest critic is a schizophrenic 14 figure fantasy hedge fund manager who has been shorting the S & P ever since 1150.
4 years of weak results when you bill yourself based on results 5 years old is weak. Writing a book when you can't consistently gain, 4 years, is a desperation move. Tim has said shit like $50k days don't phase him and now he's gloating about turning down $35k in an advance offer...the guy is talking about how he might make $100k. It's clear he's grasping for straws now to hang on to what little he can. Honestly, ask yourself these question: If he is such a great trader, why can't he make $10M(or even $5M) trading? Why is he writing a book that might net him $200k instead of trading for millions? Why is he gloating about turning $12k into $1.6M which is something he did 5 years ago instead of gloating about how well his fund is doing? The answer to all these is Because he was fucking lucky and can't continue to perform. If he could turn his remaining $500k or whtatever he has into $5M(should be easy based on his performance he uses to describe his trading skills), he wouldn't be writing a book that will maybe net a couple hundred thousand dollars. He's realized he has no trading skills and instead will write about his market theories and experiences. I'm sorry if you actually have any inkling of respect for Tim. At least if he admitted that he can't trade for a profit anymore and is writing a memoir or something it would be understandable...instead he bills himself with the same old bullshit while pretending like he's out to help people. Tim will soon be wishing he took over the family jewelery store.
He said it himself that given his trading style, he will most likely never see yearly profits on that scale. I forgot which page it is in this thread, but it is in here. Furthermore, I can see that my posts in this thread are on the verge of igniting a hostile argument. The main point of my taking part in this thread is to say that people should wait for the book to come out before definitively labeling this guy. If you do not want to read it, at the least see what others have to say when there are more reviews available from more sources. From what I have heard so far, the book looks like it will make for a good read. If it is, then he deserves what money he will make from it.
Waiting to read his book is like waiting to read George Bush's autobiography to judge him. A writer can make themselves look however they want essentially. I'd rather do what works best and judge someone by their actions, comments, etc. If I'm wrong then I'm wrong...but judging him by the way he attempts to seem in his book is dumb.
You just dont seem to get it. The guy was boasting and tooting his own horn about how great he did during the bubble times. TONS of people did very well. Whoop di do. The difference is most people I know who cleaned up werent bragging and acting like grade one assholes. That is the whole point here. Losing 30+ % over the last 14 mos or so is failing....and miserably...sorry...that is a fact. ANYONE can write/publish a book. Now if his book sells like crazy and he becomes a very successful writer then I will say I was wrong. I just dont see his story as one that is so interesting......and add in the fact that a majority of the people who have heard of him think he is a horse's ass. Yes..he is still in the game..is an accomplishment as I know a lot of peole who imploded at the end of the bubble. But myself and many others are still in the game. The difference is we aren't egotistical maniacs. I didnt start this thread amigo....am just adding in my two cents. For the 10000th time it's not his trading which draws the ire of others.....it's his personality. If you cant see this from what you have read, I don't know what to tell you.
LOL Nice.......and I couldnt agree more. If they go back to 1/8 increments I will buy Tim's book. Funny post man....