Bloomberg says tim sykes is a douche bag
- Thread starter marketsurfer
- Start date
lOL. Tim's the most transparent trading vendor who has ever sold anything. If you cant understand this, i cant help you.
the reality is that nobody can help you with your hero worshiping complex. it is ingrained if anybody bothered to check your posts over the years.
Zdreg- everytime you post on a Sykes thread you are giving him free advertising.
Let the thread die.
Let the thread die.
I read the article in a hurry but am sorry to say it nowhere says that Sykes is a crook and misinforms on his trading results like others. I am not a client of his service but am very interested in knowing the truth about Sykes trading results and if they are suitable to follow in the real time.
Below is a copy and paste from the article. I am not shilling and would encourage candid comments.
Once a week, Sykes lets paying customers of Profit.ly access a live feed of his computer screen during a trading session. Making his wagers in front of an audience has made him more cautious. “People will cancel my newsletters if I don’t trade,” he says. “More people will cancel if I make a bad trade.” Sykes says he began 2014 with a $500,000 account. He ended the year up about $875,000, or a gain of 175 percent, his best year ever, he said in December. Meanwhile, he said he netted about $4 million from Profit.ly sales last year, including newsletter subscriptions, DVDs, and fees to access the writing of other self-styled gurus. The site encourages users to make all of their trades public; “transparency” is a big buzzword.
Below is a copy and paste from the article. I am not shilling and would encourage candid comments.
Once a week, Sykes lets paying customers of Profit.ly access a live feed of his computer screen during a trading session. Making his wagers in front of an audience has made him more cautious. “People will cancel my newsletters if I don’t trade,” he says. “More people will cancel if I make a bad trade.” Sykes says he began 2014 with a $500,000 account. He ended the year up about $875,000, or a gain of 175 percent, his best year ever, he said in December. Meanwhile, he said he netted about $4 million from Profit.ly sales last year, including newsletter subscriptions, DVDs, and fees to access the writing of other self-styled gurus. The site encourages users to make all of their trades public; “transparency” is a big buzzword.
Sykes learned from the master, Tom Vu.
One guy asked Sykes as to why does he do such cheesy marketing clips showing cars, girls, hotels, watches, real estate etc. The answer was that it is to "motivate" you guys. Makes sense but that can also lead many a folks into taking higher risks, especially if they have not blown up few accounts before.
One place I read about Sykes and InvestorsUnderground that the subscribers get a feeling of "feeding dollars" to the trade positions of the gurus. Do not know the truth. However, investorsunderground is known to too much noise in the chatroom and also many a trades he pulls are posted later on as winners making others feels as if they missed the boat or something.
That is not true about Sykes it seems. A problem I see is he trades lots of penny stocks where pump and dump type deals are taking place. In a rush, the bid-ask spreads can widen up massively and a trade that is a winner on paper or even real time is actually a barely break even after the fills have been accounted for.