You need not worry about my account,, we must show some discipline in our lives, we can't give in to our flesh when ever it wants something. Live a disciplined life, learn to put others first and you'll be on your way to successfully living.
Hedge Fund Book
- Thread starter TimothySykes
- Start date
You need not worry about my account,, we must show some discipline in our lives, we can't give in to our flesh when ever it wants something. Live a disciplined life, learn to put others first and you'll be on your way to successfully living.
Quote from Longhorns:
Duly noted...now back to the thread topic.
Somewhere, back when the thread was on-topic, I posted an actual review of the book.. Is it normal for m0r0ns to foul up interesting threads with link-spam and other such garbage? If so, it's regrettable.
From viewing Timothy Sykes on WSW and finding more about the guy I find a subtle message being conveyed which is quite interesting.
In the end, it may not be that brilliant strategy, or some fancy hardware/software setup that will make him profitable. Rather, Tim like many other traders who decide to go out on their own, armed only with his determination and steadfast belief that at this particular time, and this particular place, he had to face his "defining moment" in the trades he executes and the choices he make.
In the end, it may not be that brilliant strategy, or some fancy hardware/software setup that will make him profitable. Rather, Tim like many other traders who decide to go out on their own, armed only with his determination and steadfast belief that at this particular time, and this particular place, he had to face his "defining moment" in the trades he executes and the choices he make.
I'm going to create some tickers of my own so I don't have to keep repeating myself:
TVEP (the purpose of TV is to Entertain People)
RBJM (Read my Book before Judging Me)
ICDP (due to industry regulations, I Can't Discuss my Performance)
My TV show was very TVEP. Period. RBJM because until then you're just speculating. RBJM regarding my performance because ICDP
Great call--yes, they were the only course that would allow filming. Pretty sweet course actually, especially for the money.
TVEP
Quote from SiSePuede!:
1. It's fairly pitiful that you have to use a 5 year old statistic to show off your "great past success!"
2. What funds have you worked at? What trading floors have you worked on? Do you honestly think you run a hedge fund? How much money did you ever raise? Wasn't most of the money in your fund your own? You're like a little kid who sells lemonade and tells people he runs a restaurant.
3. "I talk about Wiley's offer to show that my book is freaken amazing!" You're writing a pop book...not a financial book. There is a difference. "When Genius Failed" and "Liar's Poker" probably outsold most trading books...people like Pop. It's interesting and I don't doubt that your book might be good entertainment.
4. Who cares what you think about the publishing industry? Those supposed inefficiencies you've exploited in your trading career have left you using tired 5 year old statistics. What, do you expect to make a whopping $50k on your book?
5. CNBC is supposed to be a financial tv channel. Who cares what the talking heads do? Is that any reason to act like a putz? I guess you think so.
I know of some of your great
1. ICDP
2. I never claimed to be bigtime, that's why my book is called "An American Hedge Fund, not "The american Hedge Fund". I'm just one example.
3. Mine is a story that's meant to entertain AND educate. I think that's much more helpful than books that only do one or the other.
4. I expect to make many hundreds of thousands, if not millions of dollars.
5. TVEP
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.
ICDP--look up SEC rules regarding hedge fund advertising
Quote from SiSePuede!:
Tim apparently hasn't done anything in the last 5 years, or his rhetorical jibe about his gains would be updated don't you think?
Seriously, who is congratulatory of people who made a ton of money in the tech bubble? Tim is pretty much using a statistic half a decade old to promote now...it really doesn't say much for his recent performance.
Tim likes to say that he can't scale which is ridiculous. In the micro/small caps, you can scale to $10M easily, maybe not all in one position, without hurting yourself IF YOU'RE GOOD AT WHAT YOU DO. If you're not good you'll say something like you can't scale which is bullshit.
1. ICDP--and I hardly consider my solid gains of 2001 and 2002 to be a part of the tech bubble. I started my fund in 2003 so I can't discuss it publicly --get that through your tiny brain.
2. When I say scale, I mean $100mm+ or $1B. I think the microcap market is great for people with realistic expectations.
Actually haven't heard what my lawyer is going to think. As you notice, I don't mention any people's names--only stocks because my trades are the main characters--everybody else is just an extra.
Great, I wish you much luck.
Quote from SiSePuede!:
That has noting to do with his abilities as a trader. And you don't know the full terms of the deal do you? Could have been $35k advance and .5% of sales.
It was $35k and a scaling percent of sales, anywhere from 12.5% to 17.5% with bonuses if I hit any bestseller lists.
The Schindler fund has it's own thread here and it's performance is updated every month...
http://www.elitetrader.com/vb/showthread.php?s=&threadid=77842&highlight=schindler
Obviously, Timmy doesn't want ET to see his track record (besides the two year time span that he regurgitates every chance he gets).
Not speculating at all. You were on a tv show. You came across as a spolied brat/jackass. I am basing it on what I saw on the show. If the show was all scripted and you aren't really like that then so be it. I am basing my opinion on basically what everyone saw.
As far as buying your book? I like how you are telling everyone "the book will explain things....I am not really like that". Nice attempt to get people to buy it.
I really have zero interest in reading a book about hedge funds by some kid who traded 1.5 mil dollars of his own money and calls himself a hedge fund.
As far as buying your book? I like how you are telling everyone "the book will explain things....I am not really like that". Nice attempt to get people to buy it.
I really have zero interest in reading a book about hedge funds by some kid who traded 1.5 mil dollars of his own money and calls himself a hedge fund.
Millions from selling the book? Just do not get unrealistic expectations on book sales.
You would have to sell over 100,000 copies to make a couple of hundred thousand dollars on book sales. I would estimate the wholesale value of the book is $40 and 15% on average royalty is $6.00 a book. Subtracting any advances on royalties of course.
You will be surprised how small the investor reading market is compared to the general reading public.
Set the bar lower and be pleasantly surprised rather then expect 7 figures on a book without the word Potter in the title.