Hedge Fund Book

That's a great review, please message me or email me--I'd love to print some of that blurb if you're okay with it.

Was intended to be honest rather than great, but glad you enjoyed it. If you're willing to ascribe it to 'a derivatives trader' or some such, help yourself -- in fact, I'll write a more polished version for you. But I'd prefer not to have my name attached, for now.
 
Quote from Rodney King:

Huh?.. . there are plenty of $20 hardcover books from Wiley -- take your pick: http://www.wiley.com/WileyCDA/Section/id-300834.html .. . All the publishers charge $80+ for technical, limited-audience hardcovers. Browse the Wilmott bookshop and see what the other publishers charge. Wiley isn't higher than the norm -- and may even be a bit lower.

Culinary and Hospitality Books???? please we are talking about hardcover investment and trading books here which is the relevant topic lol :D
 
Quote from John0101:

Hey Tim,

Great to have you on the board. I've been a lurker here for years and decided to write my first post because of you.

First of all congrats on the fund and the book! The 12k to 1.65mil is just freakin amazing especially for a teenager/college kid. Don't let half of these guys get to you, they would give half a leg to be in your shoes. Most will probably never make as much money as you did in those few years in their lifetime.

Best of luck in the short-bias strategy, it has to be one of the toughest markets to trade because of the risk premium imbedded into equities. Ever thought of teaming up with a long-bias equity trader to create a long-short fund? Should be easier to get funded by a fund-of-fund. Maybe a portable alpha fund? It�s much easier to get institutional investors on board.

Anyways I can�t wait till the second season of WSW.

-Johnny

Thanx for the kind words (to u2 Brownsfan and all my other supporters!) I really don't mind the crap people say about me, when you talk about money publicly and especially in a real sense, you're gonna piss some people off. But its all worth it every time somebody tells me they've been inspired by my story.

Quote from jsmooth:

Wow this thread has really gotten out of hand fast...

Tim, can you share some insite on your average trading ratios: what type of risk/reward ratios do you usually look for and take? What's your average win/loss ratio?

I read your "10 most common trading mistakes" (that you sent out from your website), one of the mistakes was 'letting your winners run too long'....so i'm curious, what type of risk/reward setups do you look for?

Can't give away too much yet as I'm still running my fund, all I can say is EVERYTHING is in the book--as are all my mistakes (of which I've made plenty, CYGT, cough, cough). I think you all might be surprised, but since I can't give the ending away just yet, feel free to speculate and rip away...

Quote from Rodney King:

Was intended to be honest rather than great, but glad you enjoyed it. If you're willing to ascribe it to 'a derivatives trader' or some such, help yourself -- in fact, I'll write a more polished version for you. But I'd prefer not to have my name attached, for now.

Cool, I will ascribe it to "A Derivatives Trader," for now. Please def. polish it up and message/eamil me or post it on this board. If you ever want to go public with your comments, just let me know.

Anyway, I'm going to Chicago tomorrow for a few days for some meetings, most notably with the producers at Oprah (oh yes, I sent them a copy and they liked it enough to want to meet me right away) so get ready for me teaching Oprah to trade--how funny would that be?

You kids be good now...
 
Quote from marketsurfer:

like him or hate him, tim sykes lays it on the line. his name, his book, his fund, his results--this alone is worthy of respect.

witnessing nameless, faceless, internet denziens continue to knock him is a classic study in schradenfreude.


jealousy must suck, gentlemen.

regards,

surf

He hasn't laid his results on the line.

I'm not sure he's laying anything on the line since he really doesn't have much to put out.

Also., you should ask him about CYGT...ought to be good! :D
 
Quote from brownsfan019:

I don't understand all the haters either. Granted Tim is not the greatest hedge fund trader ever (yet), but here we have a guy running a real fund making a real business out of it and the haters finally come out.

I have some questions for the haters and doubters:

1) How is your hedge fund doing? Go ahead and post some links here so we can dissect your fund's performance.

2) When are you booked for CNBC so we can critique your spot(s)?

3) When is your book coming out so we can look for that as well?

4) When will you be profiled on a show about REAL traders so we can critique that as well?

I find it amazing that so many want to take these absolutely cheap and childish shots at a guy that is doing what so many here will only DREAM of doing. Any trader here could only hope that you could have the balls and performance to start a real hedge fund attracting real money. It's one thing to trade your one contract on the ES daily to running a hedge fund competing with professionals.

I don't know Tim other than what I've seen here and on the show, but to come out attempting to bash him on an anonymous message board just seems childish and immature. God forbid there's a real trader posting on the 'elite' trader website.


Hey

If you like the guy thats great. Post away. But some people think he is a jackass. So they have the right to call him out.

Did you see his appearances on CNBC? Any shot of him ever raising money was completely gone after that. His answer to why he likes a stock ...."It's got a beautiful chart" got old after about 10 tries. That and the fact he had no idea what some of the companies were that he was actually trading was pretty...umm....ridiculous.


The model thing was entertaining though.
 
Quote from SiSePuede!:

He hasn't laid his results on the line.

I'm not sure he's laying anything on the line since he really doesn't have much to put out.

Also., you should ask him about CYGT...ought to be good! :D


I find it rather odd he is off to promote his book while the market volatility is getting pretty damn good again. Strange. The few hedge fund managers I have worked with who I still talk to wouldnt think to stop trading during these crazy moves. One guy I worked for yrs ago who is still going strong actually cancelled a vacation due to some of these swings in the mkts.
 
Quote from optioncoach:

Culinary and Hospitality Books???? please we are talking about hardcover investment and trading books here.

OK, I'll speak slowly and E-NUN-CI-ATE this time. Quality books on technical aspects of trading are expensive regardless of publisher. Again, have a look around the Wilmott bookshop http://books.global-investor.com/pages/home.htm and you'll notice many books with list prices in the $hundreds. If you want to pay $20, buy a for-idi0ts book from http://tinyurl.com/22pevx .. . or the latest from Jack Welch.. . (or buy a cookbook).. .
 
Quote from brownsfan019:



I have some questions for the haters and doubters:

1) How is your hedge fund doing? Go ahead and post some links here so we can dissect your fund's performance.

I don't have a hedge fund. But if I setup the structure of a hedge fund and invested all my own money and not much else, as Tim did, I'd be doing better than him and my fund would have more money. I'm also younger if you want to add that crap into the mix. I don't have a fund therefore I don't have performance records....you don't have Tim's either.

Quote from brownsfan019:


2) When are you booked for CNBC so we can critique your spot(s)?

This is a silly question.


Quote from brownsfan019:


3) When is your book coming out so we can look for that as well.

Maybe if I nearly blow out my account investing in a crap pink sheet like Tim did...then you can look for my tell-all memoir and judge me from that...but for now you can't.

Quote from brownsfan019:


4) When will you be profiled on a show about REAL traders so we can critique that as well?


I find it amazing that so many want to take these absolutely cheap and childish shots at a guy that is doing what so many here will only DREAM of doing. Any trader here could only hope that you could have the balls and performance to start a real hedge fund attracting real money. It's one thing to trade your one contract on the ES daily to running a hedge fund competing with professionals.

I don't know Tim other than what I've seen here and on the show, but to come out attempting to bash him on an anonymous message board just seems childish and immature. God forbid there's a real trader posting on the 'elite' trader website.

Who wants to be on a television show really?

Tim isn't competing with anyone as he only has his own money, most of which he's lost recently, and that's the sad truth.
 


Tim isn't competing with anyone as he only has his own money, most of which he's lost recently, and that's the sad truth.

Wow, many, many years of outperformance and then one little drawdown and all of a sudden I've lost most of my money?

Maybe you really should write my book, you seem to know more about my financial situation than I do.

Please, please ghostwrite my book for me, you've already gone over 1,000 posts here so you obviously have nothing better to do!
 
Maybe my math is off, but your best yr was + 23%. Last year you were - 25%.


Thats a tad bit worse than a tiny little drawdown.
 
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