Tim Sykes millionaire student performance

R1234 said:
I just signed up for a free account there and looking at some of the symbols traded. Most of the stocks seem really thinly traded. And all of them are "HTB" (Hard To Borrow) on ThinkOrSwim.

Are these profit curves based on actual executions or simulated? I would think transaction costs + slippage would make those equity curves go straight down?
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Yes. Good traders don't play with illiquid assets. Because it is more important to get out when you are wrong than making money. Everyone can make money in a bull market.
Even Jerome Kerviel was up 1 Billion before losing all.

Chris Mac
 
R1234 said:
I just signed up for a free account there and looking at some of the symbols traded. Most of the stocks seem really thinly traded. And all of them are "HTB" (Hard To Borrow) on ThinkOrSwim.
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That is the key part of the master scam. Sykes has worked out deals with BD's where he can short anything as long as he funnels his sheep to their broker dealer.
 
I'm surprised that no one, including Tim himself, has expanded his trading concepts to shorting options. The payoff characteristic is not all that different, and if u are doing relatively liquid contracts u can still attempt to cut losses, etc as Tim advises.
 
roberk said:
The strategy was explained. He uses a demo account, or two of them, and picks the trades that are profitable to upload.
Or he is a genius trader who is now a millionairre.:)
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The traditional name for the is The Baltimore StockBroker Scan (it's taught in statistics classes.) It enables you to present prospective clients with a track record of 50 winning traders in a row
 
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