I go away for a few days and this entire board turns to complete shit. Wow. OK, let me just set the record straight:
1. I've said and done a lot of stupid things. I'm nowhere near perfect and i never claimed to be.
2. I am cocky because I've had tons of success at an early age and I know I have a bright future, whether it be trading, writing, or really anything else. Trading has given me lifelong confidence so I think everybody should trade because if you make money you're richer and if you lose, you're wiser. Either way you've benefited and learned some great lessons.
3. I've had many, many ups and downs, and I've always focused on learning along the way. Now, I'm sharing all my experiences to help teach others about microcaps, trading, greed, ambition, and the startup hedge fund world. The microcap market is filled with opportunity, I've exploited a few inefficiencies, but I'm really not a great trader. Hopefully with the content I provide, you can do better.
4. I was at Stevie Cohen's house for a fundraiser for Chris Dodd. A few weeks ago, Dealbreaker.com posted the invite online, but have apparently taken it down because I can't find it anymore. It was a very private affair--$1,000/head, no cameras allowed. Here's the only proof I have that I attended:
A credit card payment was processed by Chris Dodd for President.
Confirmation No.: 217246
Contribution To: Chris Dodd for President
Name of Contributor: Timothy Sykes
Date of Contribution: 6/15/2007
Amount: $1,000.00
Please print this receipt as acknowledgement of your contribution.
If you have any questions regarding your contribution, or for further
information, please send an email to the Contribution Administrator at
kathy@chrisdodd.com. The charge on your credit card statement will
appear as CampaignContribution.
Its that simple.
Its pathetic that its come to this, but I started this thread to clear up the many falsities that have been written about me so this is just the most recent. I probly should have never mentioned the event--I didn't mean to brag, I just wanted to inspire people, as is my new goal in life, to show that anybody can make and lose a lot of money in the market, but as long as you're still in the game, you have the chance at getting to the top and meeting the top people.
I take offense when people call me a liar because I'm also trying to be one of the first to bring honesty to the trading and hedge fund world. We need to stop being so petty and focus on learning--whether the knowledge comes from a startup like me or Soros himself. Everybody's real experiences should be shared for the benefit of all. I may be an idealist, but I was a Philosophy major so this is just how I feel.
I can't comment on performance publicly yet, but understand that my main type of trading is short selling--if i was a better trader, I would go long a lot more, but I just stink at it, as evidenced by how my one long position has turned out.
So, if you're going to compare my performance to anybody, compare me to other short sellers and you'll see exactly how I stack up. Otherwise, you're just comparing apples to oranges and your conclusions become null and void.
My book comes out in October so I'd love to make friendly bets with all my doubters about any possible appearance on Oprah/Oprah and Friends.
That's all for now kids, I gotta hop on my flight back to NYC