Timmay Gets Bitch Slapped

[slacker]

Quote from DHOHHI:

Then the question becomes "Why do you hold restricted shares to begin with"?

Why indeed:

So, I wasn't very worried about the risk of default and I looked forward to earning above-average interest rates on my $25,000 loan.

360,000 shares at .33

SEC regulations prevented me from selling any restricted shares for another 18 months.

I wanted to impress my new investors with gains, so my fund made a short-term load to Cygnus for $250,000 because it seemed to be an easy way to accumulate added interest without much risk.

...so I invested $75,000 more in exchange for more restricted stock. Unfortunately, the other company insiders never came through with their side of the deal....

...it would only help my case if the SEC came down on me by claiming that I was advertising my fund to the general public.

 

[RedDuke]

Quote from TimothySykes:

A trader IS powerless to cut his losses when he owns RESTRICTED SHARES. The situation stinks, but there's NOTHING I CAN DO ABOUT IT

You have been trading for about 7-8 years I assume. Why the hell did you get into restricted shares and allowed someone to hold you by the throat. I thought you were experienced trader.

 

[atticus]

Quote from RedDuke:

You have been trading for about 7-8 years I assume. Why the hell did you get into restricted shares and allowed someone to hold you by the throat. I thought you were experienced trader.

He didn't have pubes when he started trading. These threads are beyond tiresome. All these experts chiming in that have been trading less than 5 years.

I am no fan of Tim, but the fact remains that he turned 12k into 1.65mm with little to no leverage. Redduke, you trade prop, right? Have you produced like-returns?

Any/all of you should STFU unless you're ready to produce an audit showing a gain of 140x you stake. I guarantee that nobody on this site can show the same, leveraged or not.

 

[TimothySykes]

Quote from RedDuke:

You have been trading for about 7-8 years I assume. Why the hell did you get into restricted shares and allowed someone to hold you by the throat. I thought you were experienced trader.

Ignored the important rule of never falling in love with a company

Quote from atticus:

He didn't have pubes when he started trading. These threads are beyond tiresome. All these experts chiming in that have been trading less than 5 years.

I am no fan of Tim, but the fact remains that he turned 12k into 1.65mm with little to no leverage. Redduke, you trade prop, right? Have you produced like-returns?

Any/all of you should STFU unless you're ready to produce an audit showing a gain of 140x you stake. I guarantee that nobody on this site can show the same, leveraged or not.

Thank you for your honesty!

 

[trendy]

Quote from atticus:

He didn't have pubes when he started trading. These threads are beyond tiresome. All these experts chiming in that have been trading less than 5 years.

I am no fan of Tim, but the fact remains that he turned 12k into 1.65mm with little to no leverage. Redduke, you trade prop, right? Have you produced like-returns?

Any/all of you should STFU unless you're ready to produce an audit showing a gain of 140x you stake. I guarantee that nobody on this site can show the same, leveraged or not.

Just as an actor is only as good as his last movie, a trader is only as good as his last return. Tim is living out of his scrapbook. He is the Chris Moneymaker of trading.

 

[TheSorcerer]

Tim, great job on calling out those faggots. If the magazine weren't free, I know I would have to pay for toilet paper.

 

[atticus]

Quote from trendy:

Just an an actor is only as good as his last movie, a trader is only as good as his last return. Tim is living out of his scrapbook. He is the Chris Moneymaker of trading.

I don't relish being the Timmay-apologist, but that's a horrible analogy. He produced decent returns in all but the last two years. Take out the one Cygnus catastrophe and what have you got?

Does he act the fool on TV? Sure, no argument.

 

[trendy]

Quote from TheSorcerer:

Tim, great job on calling out those faggots. If the magazine weren't free, I know I would have to pay for toilet paper.

Where I come from we call that being a hypocrite. He didn't mind being a part of those "faggots" when they were toasting him. Now that they are roasting him, he calls them out. Yep, a hypocrite.

 

[TorontoTrader2]

 

[TimothySykes]

Quote from trendy:

Where I come from we call that being a hypocrite. He didn't mind being a part of those "faggots" when they were toasting him. Now that they are roasting him, he calls them out. Yep, a hypocrite.

Again if you read my letter to Randall, I explain this very point:

"You see, I used to think like you—I wanted to make the most money the fastest. I derided anybody who wasn’t earning as much as me, writing them off as lazy or incompetent. Since I wanted to get ahead, I learned to be selfish because in this game, nobody was going to do me any favors. While others were busy studying, I was earning hundreds of thousands of dollars per year and my ego was comparable to yours (maybe). As you know, I was successful in my quest for wealth, but it was inevitable that my narrow-mindedness would eventually catch up to me."