Does anybody know where we can find Mr. Sykes Hedge Fund documented performance over the past three years? Serious investors would desire consistent performance (not some self-published book of excuses).
If Tim really wanted to make money he should be selling The Holy Grail, not "How I lost money for 4 years and learned a lot about myself" Seriously, some people still think he's a trading God and obviously would follow him down a cliff.
What worked out for him? Now he some schmuck who is using 5 year old data about his gains to get people interested in his book. He's not making money now and hasn't on a compounded basis for 4 years approximately so what the fuck is working out for him? Only thing I see working out for him is that people are dumb enough to believe his shit. It's sad though that's he's not an honest person in disclosing that his "edge" is gone and he can't match the gains with which he uses to promote himself. Besides suffering almost 2 years of losses, the preceding 2 years were pretty unimpressive. So you're interested in reading a book by a hack who mis-represents himself and can't make money? Awesome.
From where I'm sitting, most if not every person I've ever met, have mis-represented themselves and their true intentions. So I don't have a problem with that that. Was he a jerk when he was young(er), immature, and had a lot of things going his way. Yeah, but that's nothing new either. Unless he's filed for bankruptcy, he still has some of that money that he made, and he's about to make more from writing this book about his experience. This is the land of capitalism, and I have absolutely no problem with what he's doing. At least he "gets it". Jimmy Jam
You really think everyone you've ever met has mis-represented themselves? That's a little strange and sad, either that you think that or that you've never in your life met a genuine honest individual. Most people who do mis-represent do not preach how honest they're being and tim is being even more deceptive by saying how he's bringing honesty to the table while using data that doesn't represent himself accurately and he knows it. That's pitiful. When you say "gets it" are you trying to say that I don't understand that taking initiative and making money? Tim is grasping at straws and because he had a spat of good luck and sells his story using that spat of good and purposefully leaves out that he's lost much of that money and never really made much more than the numbers he uses. That money was all pre-tax and since we don't know post-tax numbers we can assume a ~30% tax rate putting his whopping fortune at $1.1M maybe. I just don't get why you would support someone who totally mis-represents himself, couldn't continue to make money consistently, comes across as an arrogant asshole, and then in a desperation attempt comes on a forum like this trying to hype a book under the premise that he's doing good when really he's only attempting to find a way to channel his 15 minutes of fame into money. To me, that's absurdly deceitful. If he came out and said how shitty he did and that he can't make money any more and that he was writing a memoir about making money and then losing it, okay. But he is not being honest about his own record while proclaiming honesty and I find that pretty stupid. Good luck.
So, in that case...any reason you are taking time out of your day to post what you just posted? I mean, gosh, did it make you any more rich?
Renegen, yeah I agree- but hey that's good...maybe someone here will be lucky enough to have those lemmings on the other side of their trades!
OK SisP, you got me there, maybe oh 70%-80% of all the people I've met have misrepresented themselves (and yes I think it is sad also, and very, very true) ... and actually most people who misrepresent themselves DO preach about how honest they are being (I'm very serious on that one), and yes, I most definitely don't give my trust easily now. When I say "gets it" I mean he gets that the game is about making money, period, man, period! As far as the figures you quoted are concerned, like I said if he netted anywhere NEAR $USD1MM you've just punctured your argument about him "mis-representing himself". The fact is he made that money, and I honestly don't know what YOUR criteria is for wealth and affluence, but if I come across a brother with a million bucks net, that man will be doing very, very, very, very well in this world ... in all aspects of his life. I work with a lot of people who come across as much more arrogant and mucho mucho bigger assholes than this guy (and I don't even KNOW HIM) with absolutely NONE of his accomplishments ... 15 minutes of fame you say? - this is America, the land of media & hype, so that is perfectly natural, and actually I applaud him for it, he's sounding more and more like a man who understands the meaning of Carpe Diem . LOL, we all know the financial industry is just filled with people who are absolutely honest and value that trait above all other things, you're coming across as being kinda naive here man. Sincere good luck to you too bro, but I gotta tell ya, you ain't mak'in him look too bad here. Jimmy Jam P.S. Here is how the phrase carpe diem is used in a sentence for those who want to best understand it: "... aetas: carpe diem quam minimum credula postero" it means "... is running away from us. Gather the day, for in the future you can believe the minimum", sounds like a perfect example of what he's doing here.
Thanx JimmyJam--you'll be happy to know you're sticking up for the right guy here because I just got my best review yet. This one comes from a highly respected jouranlist and author, Aaron C. Brown, author of The Poker Face of Wall Street. On his Amazon blog, he's been ripping business stories apart--even if one of them has a movie coming out starring Leonadro DiCaprio (The Lone Wolf of Wall Street). But for my book, he calls it the "Catcher in the Rye for Traders." Awwwwww yeah: http://www.amazon.com/gp/pdp/profile/A2F7XU97CYFHDY/ref=cm_blog_pdp/105-4900066-2105257