Quote from TimothySykes:
Hahaha still the #1 short bias fund 2003-2006, but compared to other funds and other strategies, my fund, as well as my strategy, hasn't done very well. Wooohoooooo--how about this for putting a positive spin on it--the bigger the losses, the bigger the lessons!
*whew* still the #1 short biased fund, that's comforting to know.....Even though you have lost 36% over the last 19 months or so....I am sure your investors' respective banks will be sure to clear their checks since you are still the #1 short biased fund.
Sorry, but I don't think the banks are going to give bonus points for that one.
You LOST money for your investors. Lots of it.
Basically you are equating yourself to 90% of all traders who fail....whoopty doo.....why do you think you are particularly qualified to offer advice to anyone?
Because your mommy and daddy gave you money to play with in the tech boom? That makes you more knowledgeable on trading than anyone else in the 90% who will lose their money?
I just don't understand your logic...why do you think you are so qualified to give advice?
I seriously cannot figure it out.
You say you don't tout yourself as a guru or market genius, but yet you are insistent on the fact that you have advice to offer to other traders....what? on how not to lose? I don't get it.
The only thing you can offer is that maybe people who are given large sums of money from their mommy and daddy should learn to actually trade instead of throwing their money into the market blindly ( a tactic similar to what we in the military biz call the "Spray and Pray").
Though I believe acceptance of this fact will drastically lower your target audience, as most people I know don't get 3 million bucks for their birthday party.
You remind me of one those little girls on this show my sisters watch called "my sweet 16" ....they keep thinking they are above other people for some reason, I guess just because they have money....but really its laughable how hard they are having to lie to convince themselves they are a unique snowflake.