Will you buy timmay's hedge fund book?

[Mike Okistini]

Quote from TimothySykes:

Apparently, I did well enough for me to have meetings setup with their producers next week to pitch show ideas (if anybody has any ideas, feel free to send them my way).

Here is my idea for a show:

Fade My Trades with Timmay!

[Intro] "Good Evening and welcome to Fade My Trades with Timmmay! This is the show where I make the calls and you take the opposite side of the trade for super market returns!"

Fox like CNBC has 24 hours to fill with programming, especially on the weekends when there is no business news to speak of. Do not be surprised if you get the Saturday night time slot .

 

[ghostzapper]

Quote from TimothySykes:

As for Cavuto, my book is 3 months away--I wasn't going on there to promote a product yet! The producers wanted to see how I'd do on live TV...

Quote from TimothySykes:

Oh, and be sure to watch me on Fox News with Neil Cavuto on Wednesday July 4th, from 4-5PM LOL

 

[Thunderdog]

Quote from EPrado:

...if I had something like a 30% loss over the last 15 mos or so I would move on to another career.

Really? A 30% setback would be enough for you to call it a day on your career? You would just walk away from something that you loved and had been doing for years, and would not look back?

 

[SiSePuede!]

Quote from Thunderdog:

Really? A 30% setback would be enough for you to call it a day on your career? You would just walk away from something that you loved and had been doing for years, and would not look back?

If your claim to fame was turning $12k into $1.1M(assuming 30% taxes) and you had a whopping 1.5% compound return over the last 4 years it could make some sense considering that turning a profit is kind of your livelihood and what your reputation is built on. Your last ditch choice could be to write a book about how your "fund" experience was since you couldn't make money anymore for whatever reason trading.

 

[Thunderdog]

Quote from EPrado:

It's funny how Tim nor his bitch surfer dont mention the results of this poll. 35 % would buy it.....ugly.

Sorry, but that's not a bad number (assuming that the sample is anywhere near representative, one way or the other). The book only needs to be sold, not elected.

 

[El OchoCinco]

Well 35% is more than any President got in recent memory of the total voting population.

 

[Kaempferrand]

Okay Michael Covel is involved.

Not good. Not good at all. Out of all people Tim has to get involved with.

 

[Diamond Geezer]

I just finished reading an advanced copy. It was a quick and enjoyable read.

Different readers will come away with different impressions of the author. My take is that you have to commend his audacity at such a young age but at the same time shake your at his inflated view of his accomplishments. That said, he is very candid with his story, warts and all.

Many on this board know people or are themselves traders who have made much more money than this author also at a young age. But for the infinitely larger number of traders who have not, this will be somewhat inspiring.

My impression, is that he was a competent self-directed trader in some non-scalable niche areas where no quantative skills were required. He had a massive risk tolerance and no risk management and he reached his peter principle level causing him to exit the fund business before it took off. Definitely not material for fund management.

His transfer from a somewhat decent university to a party school would be a death knell to I-Banks and serious investors (but he doesn't recognize this)

My largest criticism is the author's rant against the barriers placed by the regulators between investors and start up hedge funds. No matter what one thinks of the regs, they served their purpose well as regards this ex-fund manager and with hindsight he should surely know this.

He had a concentrated bet in a pink sheet name that, well, read the book.

Tim, this needs serious editing but I venture that it will sell fairly well due to its narrative style and subject. Hopefully you'll learn from the body blows you are getting as I suspect many more are to come. Good luck,

The Diamond Geezer

 

[Thunderdog]

Here's my opinion of the various exchanges I have read thus far about the book and its author. From what I gather, the book will probably not turn Wall Street on its ear. I don't imagine that it will become essential reading for anyone wishing to enter the markets. At the same time, it may well prove to be a pleasant and interesting read. Those of us who have not read it simply don't know. Admittedly, Tim does come across as somewhat arrogant at times, but he's a young guy who already made a few million bucks. Just because some of you may have done so does not diminish the result. Otherwise, he comes across as somewhat earnest. I have not seen any of the TV shows, so I cannot comment on his screen "persona." ("Persona." I hate that word. I bemoana your persona.)

I hate to say it, but some of you guys who are relentlessly endeavoring to rip Tim a new orifice and turn him into a wind instrument are no different than the guys who you claim are kissing his ass. Both extremes are conducting themselves as emotional teeny boppers. They are just opposite sides of the same coin. Just my opinion, of course.

And bear in mind that the guy is only looking to sell a $20 book. If he had a questionable and murky trading past like Larry Williams and was then trying to sell you pipe dreams at several thousand a pop on that basis, then I would join the choir of dissent. Let's keep it in perspective, shall we?

 

[EPrado]

Quote from Thunderdog:

Really? A 30% setback would be enough for you to call it a day on your career? You would just walk away from something that you loved and had been doing for years, and would not look back?

If I was losing money consistently for 12-16 mos and was down 30 percent in that time I would either change my gameplan and adapt to mkt conditions.....or seriosuly consider something else...12-16 mos is a long time my friend.