Hedge Fund Book

[EPrado]

Quote from TudorJones:

I cannot disclose anything further.. But, the answer is: A GREAT BET WENT HORRIBLY WRONG. It had the potential to set Sykes for life or never having to work a single day of his life again. It was a great bet and Mr. Sykes came away with LESSONS to ponder rather than the $$$s.

I admit that his TRADING sucks in the absence of the RIGHT RISK CONTROLS. That's the only flaw.

Now this is classic stuff!!!!!!

I actually was in a similar situation last summer. I was short a decent amount of SP contracts. Was up about 15 handles or so on the position. I was expecting to cover them at around 0.25.....looking to make over 1400 points. The something went HORRIBLY wrong. The mkt rallied and rallied fast...I only took about 6-8 handles out of the trade. I was so depressed.....if only the mkt went down 1400 points and hit my bid I coulda retired.


Man I woulda been set for life.


Let me get this straight...his trading sucks only because the absence of risk management? Newflash genius......probably the most important part of trading is risk control. Without out that one is just some loose cannon who eventually blows out.

Please stop trying to defend him..you are actually hurting his cause.

 

[EPrado]

Quote from TudorJones:

I cannot disclose anything further.. But, the answer is: You have to understand THAT the TV Show started off without Mr. Sykes. Do you think just any punk can be on a TV Show??? It takes motive.. drive.. ambition and WHOLE LOTTA other things.. [must read the book to get this part]

Yeah it does...a desperate producer with 10 minutes of airtime he cant seem to fill each week.

 

[TudorJones]

Quote from EPrado:

Now this is classic stuff!!!!!!
Let me get this straight...his trading sucks only because the absence of risk management? Newflash genius......probably the most important part of trading is risk control. Without out that one is just some loose cannon who eventually blows out.

Please stop trying to defend him..you are actually hurting his cause.

A Hedge Fund is not just about trading. There are 20 million variables involved due to the statutory and practical constraints. Sometimes, as in everything else in life... there is a time to control risk and a time to embrace risk.

 

[EPrado]

Quote from TudorJones:

Punks like you are what's wrong with this world. Everything is based on preconceptions and half-assed assumptions. I prefer to fight the good fight, and that means ignoring the ignorants like you and staying away from the plague that is you.

Punk huh?

You are funny little man. You dont seem to be ignoring me. I definitely hit a nerve.

 

[TudorJones]

Quote from EPrado:

Punk huh?

You are funny little man. You dont seem to be ignoring me. I definitely hit a nerve.

I cannot IGNORE sorry shitz like you. What I said was, I probably should be ignoring you for the GREATER GOOD of Humanity.

 

[EPrado]

Quote from TudorJones:

Good luck peddling you 100 share lots. Unfortunately, I am not one of Tim's "cronies"... I was sent this book based on my merit alone: managing a fund.

I guess people like me who had to struggle our ass off can relate well with Tim, while 10-lot pikers like you would have a very hard time.

10 lot piker. Even funnier. You too manage a fund? Lemme guess...you deposited 100k into an IB account and now call yourself a fund manager ?

Please tell me your merit other than being a naive idiot.

For the record ass clown I have been trading since 92..so like every other trader I have gone through the struggling part big time. I have probably forgotten more than an idiot like you will ever know.

 

[EPrado]

Quote from TudorJones:

A Hedge Fund is not just about trading. There are 20 million variables involved due to the statutory and practical constraints. Sometimes, as in everything else in life... there is a time to control risk and a time to embrace risk.

Thanks ass clown....I didnt know that a good trader should pay attention to risk. Seeing how I have traded at a few hedge funds I didnt know what they were about. Thanks for clearing that up.

 

[EPrado]

Quote from TudorJones:

I cannot IGNORE sorry shitz like you. What I said was, I probably should be ignoring you for the GREATER GOOD of Humanity.

But you cant...because I have proven to the good people on here what an ass clown you are. Stop pretending to be some ...umm....Fund Manager. Too funny AC.

 

[TudorJones]

Quote from EPrado:

But you cant...because I have proven to the good people on here what an ass clown you are. Stop pretending to be some ...umm....Fund Manager. Too funny AC.

haha... not only are a you struggling trader, you are a fuking comadian as well. You haven't PROVEN shit yet.

Yeah.. if you have been trading since '92 and still struggling, I say you should GIVE it UP. Your tight ass must've been a toast long time ago.

ummm.. who the hell asked you how long have you been trading? I didn't.. and I frankly don't care. Is this some how supposed to make you better? Aye.. I've been trading since '92.. look at me, I'm struggling.. I haven't made shit.. but I am still better than you.. 'cause I just am..

 

[Rodney King]

Quote from Longhorns:

Can someone please tell me who the heck would write Timmy a check to invest in his pitifully performing "hedge fund"?

I think this gets to the heart of the matter. Mr Sykes's book was given a hedgefund title, one imagines, at the suggestion of an editor or publisher. A more natural title would be "Rise and Fall of a Daytrader" or some such, but an editor would tell him: daytrading is so last-century; you won't sell any books; instead, hedgefunds are buzzy. So Mr Sykes is titling the book a bit awkwardly, given its content. But, if he hopes to sell a lot of books, he has to do so. He hopes to make real money with the book, which would be quite unusual (though not impossible) so he needs to be sensitive to what titles would attract a glance from Joe Sixpack browsing at the Barnes and Noble at this moment in history. Bear in mind Prof. Tufte http://tufte.com has made a good business of selling self-published books, so it's not an impossible dream (though it is a longshot).