Is this the book we are talking about? Author Sykes, Tom. Title What did I do last night? : a drunkard's tale / Tom Sykes. Publisher [Emmaus, Pa.] : Rodale : Distributed to the trade by Holtzbrinck Publishers, c2006. Description 213 p. ; 24 cm. Oh, my bad, that is TOM Sykes. Sorry Tim... Anyway, I will put an advance request on your book at my library.
Nobody said it was. ass. Timm himself says that it is being written to teach and inspire. That is generally regarded in the "how to" category, even if it isn't necessarily being "marketed" as a how to book. Thanks anyway sweetheart. Timm(g)ay, My opinion still stands. I read the threads myself and that's all I need to know about you to place you in the category with everyone else that is full of shit. Or as we say in the mil "If bullshit was a bra- you'd be topheavy.
.... but, its a free country..... I'm in the "hell no" group because I don't think a 26 year old has much to offer "me" in the way of advise or experience...but I doubt he will do much harm. edit..and I'll save everyone 20 bucks...reasons for massive losses= fear/greed/lack of money management....you may all send me $1
Surf and Timothy Sykes (Timmay!) continue to collaborate and share each others strategies; so maybe that is the problem with both of their poor performance records?
It shouldn't matter how old I am--I've been trading nearly every day for about a decade--that's a lot of experiences. Reading about them will help all traders because I'm sure many of you will be able to relate to several instances and lmaybe even learn a trick or two. Also, it's very easy to list what causes losses, but its totally different to hear about the specific thinking and mindset that causes each loss. Financial speculation is never simple so its our duty as traders to learn and understand as much as possible, namely from the experiences of others. There's obviously no way to guarantee profits, but if you find yourself in a position that somebody else has detailed in a book/message, whatever--you can learn from their triumphs or mistakes.
Whoa, I could have sworn that post above was written by another name listing.... something funny going on here...
Oh, you mean my new technical trading comedy book? Is that what you're talking about? After trying my hand at Technical Analysis and failing, I'm taking Tim's lead and writing a book about it. It will tell you all about when I was using bollinger bands instead of RSI...it was crazy funny! You'll be able to read all about my triumphs in going long when I should have gone short and vice versa. Let me tell you, bloggers you've never heard of are going to love this book! I'm going to self-publish because I was only offered $50k advances and obviously the genius of TA Comedy Writing hasn't been exploited yet. Sorry, but you'll have to wait to judge me until after you read about how I have been mis-represented, I'm really more of a fundamental trader but you won't understand that unless you read my book and learn from it! Thanks optioncoach for setting me up!
LOL good one SiSi- I'll buy it. Hey you should start a thread and start talking about how bad you suck at picking techinical studies, and then have a few posts later that say you never said that you sucked, and then we can all argue about it. Oh and don't forget to talk about a mailing list of people that want to know how you trade because you're so awesome. Then we'll all get mad and do drive-bys at each other on the forum.
Since you continually focus on my losses, I have to tell you how flawed your logic is. If you really truly believe that traders who experience losses have nothing to offer then you apparently think great books like When Genius Failed, Education of a Speculator, and Reminiscences of a Stock Oerator should never have been written. After all, the traders in those stories all blew up spectacularly--each case they lose 90%+ of their money--making my little 1.5 year drawdown seem like a walk in the park. I wonder what the 2,3, or 4 year cumulative return for a fund that drops 90%+ is? Probly not so good, right? So, are you against these great books, too? If you are, then you really are a complete moron because the lessons and stories from these books have helped millions of traders and investors.