Timmay - you should do this
- Thread starter NY_HOOD
- Start date
I dont need to print it as I have nothing to prove here.
You have to be realistic when talking about journalism that is "much mainstream-friendly/honest/realistic." Is there any financial journalism that is segregated, full of lies and false? Are you really coming up with a new paradigm here in doing journalism that way. Is that something CBSMarketwatch, CNCB, FOX, Bloomberg, etc. have NOT thought of? Again I am being straightforward in that you need to be realistic.
You say you want to teach the realities of trading but you keep referring to your record as a lot of luck and the recent track record is weaker of late. I think the market is already aware of the realities of trading and losing money. When Genius Failed is a better story because they were the brightest minds in finance failing in front of everyone, you see how that is a more compelling story. Also When Genius Failed was written so anyone can read it. If you want to be real honest your story is not unique when you look at hundreds of traders from the 90's. I can give you two stories right now which shows there are tons of similar stories from that era. Curtis Faith book on the Turtles is compelling because it was unique and those guys made at least $100,000,000 over a long period of time.
As you admit the chances are slim you will make enough money to live off of. Lets assume you make $1,000,000. You think you can live off of that for the rest of your life? We traders do not make huge bets on slim chances and you should know that. Also if it does come through, you are set for a few years at best. What a few people compare your book too is honestly irrelevant. Remember these are people who do not know much about trading so that comparison is lost on most people.
As for self-publishing, I can give you a list of a couple of people who self-published trading books (Cottle, Wolfinger). It is not unique so writing a book how you self-published a book is good for an article in the newspaper.
I have a lot of finance, legal and publishing marketing experience so I am giving you just my opinion not flaming you senselessly. Unique or compelling stories sell but only in the moment. Your story is already out there for the most part. Your other ideas are also copying what is already out there.
Seriously, if you make good money on this book, learn to trade for longevity not for the moment and you WILL be set for life.
I'll agree with that statement. everybody should share their experiences truthfully so we can all learn. The problem is that 99% of people don't want to be honest with themselves or others and that's the main reason 90% of traders lose. We gotta help each other, not tear each other down!
And, who cares about who's regarded as an authority--if you can help people, do it!
well, no.--however tim has made 1000's if not 100's of thousands of trades in his career, has started a hedgefund, raised capital, appeared on a TV show about trading/traders, and wrote a book. yeah, i would consider him very experienced in this game on several levels, plus his PR and writing skills are impressive so he is able to share his ups and downs in an entertaining and educational way.
surf
you make it sound like you're philanthropic- why charge poor souls $50 for 30 minutes to talk to you?
Like OC said your story is out there, just like a ton of other traders from the 90's and early 00's....
why charge money for your nonsense, when you can just help people if that is your goal?
Nothing wrong with making money- but you're making it sound like your advice is worth selling...and its not.
Tim how the hell do you have so much time writing on elite especially during market hours when you should be running your fund?
I've just started a fund with three other traders and this is the first moment I have had to waste regarding you or your book.
If your risk management is anything like your time management then its no wonder you are having a rough time in the markets as of late.
I've just started a fund with three other traders and this is the first moment I have had to waste regarding you or your book.
If your risk management is anything like your time management then its no wonder you are having a rough time in the markets as of late.
very true. which one of these guys wrote about it, however?? not many if any.
tim's marketing machine dwarfs cottle or most other self published authors for that matter. no comparision-----the book should be a huge success on several levels. if it gets into the right hands, no telling whats going to happen and i respect that.
surf
Luck was involved, but not as much as you and most people believe. It's frustrating that I can't tell you more.
And, yes, I believe all those networks are portraying the stock market incorrectly. I have a lot of ideas to remedy the situation and that's why I keep meeting with producers.
As for my story being unique, the fact that I made huge sums of money for 7 years trading the most volatile names without any training/mentoring. I don't claim to be perfect by any means, but I do claim that people everywhere can do this, too, and do definitely much better than me. They just need to be shown that with enough work and dedication, it's possible.
Just got a quote from Adam Mesh of Average Joe fame that says I'm the "Rudy of Wall Street." I love it--that's exactly what I want to be, score one for the little guy.