ugh..
lifes too short to worried about trivial things.
lifes too short to worried about trivial things.
Quote from TimothySykes:
Whew, lots of correcitons:
1. I have over a dozen investors, its far from being my money.
2. the title of the book refers to what my goal in life had always been--I'm not claiming I ever got there.
3. The few people that have read my book have called this a modern-day Livermore story, I NEVER HAVE. The word "Operator" on the subtitle is my way of getting more attention on Amazon.com when people search for Livermore's story. Its a simple marketing tool. As are the other key words in my title--its just smart business.
4. As for WSW, I was initially only supposed to be on one episode, my personality, for better or worse, got me the starring role in 5 of 6 episodes. Like on CNBC, I definitely played it up for the cameras--again, its just smart business. You call it acting like a clown, I call it breaking the horrifically boring finance stereotype, it doesn't matter, it's gotten me into the media spotlight and the end justifies the means. Now, the question is if I can use this influence for good--I think I can.
5. As for my skill as a trader, you can judge that after you FINALLY have all the details in a few months.
6. My performance data was never shown on WSW--my lawyer and I made sure of that.
7. I'm not dodging answering questions--I'd love to shut many of you up with the truth, but you have to wait until October, then you can have ALL the answers.
8. I don't mind criticism, but I am going to explain everything I possibly can because many of you can't seem to think outside the box.
I just downloaded the entire season I of WSW the other week and I have to say: Maybe you're right. Maybe Tim (and the others in the series) are just what the series makes us think they are.Quote from dwl603:
Take a look at his videos and then you will realize why everyone thinks he is a prick, he even tries to act like he is above his own friends. Brownsfan, i was on your side big time, before i thought it was just people on ET ganging up on him, watch wall street warriors and see if that changes your opinion. This is why everyone wants to talk him down, because he is a pompous douchebag who has not done shit.
Quote from TimothySykes:
That's why I'm so proud of my 70x initial investment in 9 years--because I've had soooo many little gains and they add up. The one time I tried to hold longterm, we all know what happened.

Quote from makloda:
I just downloaded the entire season I of WSW the other week and I have to say: Maybe you're right. Maybe Tim (and the others in the series) are just what the series makes us think they are.
I personally always look for two sides of a story. Let's imagine we're the producers of WSW. We shoot boatloads of footage of let's say 10 characters. We as the producers have our beliefs what characters will be able to connect with our audience. We run episode #1. We get emails about Tim and the blonde chick. However, we find out that nobody cares about Parker Quillen or Guy De Chimay or the Russian guy BBQing with his family or other down to earth professionals. The audience needs drama. When we're the audience we love to watch characters that are so far out from our perceived norm that we can barely believe it.
You should have heard my GF (that couldn't care less about the markets) get both annoyed and suddenly magically interested in the series when she saw Sandra driving around in a limo through NY with her Gucci bags and mentioning here "There's only one bottom line that counts on Wall Street" Bla Bla. Producers of reality shows love stereotypes, because they appeal to people that know nothing about the industry other than prejudices. Stereotypes confirming common prejudices get ratings. Ratings = $$$. My take is that's why they ended up editing both Tim and Sandra into basically all other episodes. They got ratings. That's all. I wouldn't blame the two of them, I'd blame the audience for being shallow enough to be more interested in them than in the lifes and work of the senior professionals featured in the show.
I find it pretty reasonable to think that both Sandra and Tim knew exactly what they were getting themselves into and played their parts professionally. There is no telling how "they are in real life". For all I know they are just good actors with their own agenda (=self-marketing).
Sidenote: I see Tim taking a lot of heat from our ET folks here, including totally unwarranted insults. Criticism is one thing, spewing insults is another. This is the stuff you get from keyboard warriors. The type of stuff keyboard warriors dare to write hiding behind their screens, but would probably never say into people's faces. On the other hand, Tim is here promoting his book answering even the most ridiculous posts without insulting people. Doesn't mean he's a nice guy, he just knows what to do in order to stir up interest in his product. Call it what you want, I call it smart marketing at no cost. Reminds me of the Blair Witch Project marketing a bit. My bottom line: this guy is probably smarter than many of the "Elite Traders" insulting him.


Quote from SiSePuede!:
So what accounted for you hardly making any gains 2 years ago and then your recent spate of losses for the last 2 years?
Clearly your trading isn't transmutable and you were lucky. Are you going to deny being a good trader or say you are this time? I can't keep up with your flip flopping.![]()
Why do you keep explaining yourself to somebody who's not interested in your replies but rather enjoys bathing in the blood you shed taking those losses? There are sick people out there, no need to feed their hungry mouths.Quote from TimothySykes:
With that said, if you put all the pieces together from various posts on this thread, its not very difficult to figure out why I can have a 35% drawdown and still say my trading is fine.
Quote from TimothySykes:
I've never flip flopped, its just not as simple as you'd like it to be, added to the fact that I'm restricted in what I can and cannot say--of course I'm gonna sound like a douche.

Quote from makloda:
Why do you keep explaining yourself to somebody who's not interested in your replies but rather enjoys bathing in the blood you shed taking those losses? There are sick people out there, no need to feed their hungry mouths.
Remember: Nobody here on ET ever has drawdowns. Ever. Every day is an up day here!
