Tim Sykes has chosen to respond to Trader Monthly’s response from earlier today, re: them not letting him come to their party. We have nothing else to add. Let’s just all stand back and let the two parties destroy each other, like the Sunnis and Shiites, Betty and Veronica. That’s what you want anyway, isn’t it?
a. You didn’t behave like a responsible member of the financial community
In what way? Or do you mean I should wear suits all the time, hide any sign that I have a personality, sugarcoat everything I say, act confident at all times, never talk to industry outsiders and live a superficial and ultimately meaningless life? If so, then you are 100% correct.
b. You felt no remorse at losing people’s money
This is horrifically untrue. Losing money for the first time in my life has been very difficult to deal with. If you had read the complimentary copy of ‘An American Hedge Fund’ I sent to you, you’d see that my relationships with many friends and family members have been greatly damaged by my fund’s losses. In short, these losses have changed my life.
c. Other traders didn’t want you at the party
I get 50-100 emails/day from traders and non-traders alike, telling me how my story inspires them, but you can’t please everybody!
d. You called yourself a “cheap Jew” on episode of wall street warriors
You’re actually gonna try and play this card—are you that desperate to try to find a legitimate reason for banning me from your ‘trader community’? Yes, I do believe I called myself this because I believe in self-deprecating humor. Somehow I think ‘Borat’s’ $260mm worldwide gross kinda makes this statement null and void.
The one episode I said this in has now aired over 200 times, was it your first time watching it over the weekend when you flip-flopped allowing me to your party and then changing your mind?
_________________________________________
What’s particularly revealing is that none of these ‘reasons for turning on a fellow trader’ were even mentioned in Randall’s email to me. Sounds like ‘Traitor Monthly’ is scrambling around, trying to justify stabbing a trader in the back.
Here’s a friendly tip, for better or worse, my book is brutally honest, why don’t you read it and then use ACTUAL FACTS against me. That way you’ll find some much better reasons to expel me from your community.
So, Tim doesn’t think he lives a meaningless life?
He thinks that his “humor” is comparable to that of Mr. Ali G?
The only humor in this, is that Tim is actually being serious. It is just a shame that he is the only one who takes himself seriously.
So, Tim doesn’t think he lives a meaningless life?
He thinks that his “humor” is comparable to that of Mr. Ali G?
The only humor in this, is that Tim is actually being serious. It is just a shame that he is the only one who takes himself seriously.
I think they are in collaboration. TM is probably getting some kind of commission for each time they let Timmar write the name of his book in an email and publish it on their website
Timtim is really using this to his advantage. It’s almost impressive. I’d be tempted to make TM stop sending me their magazine but that bonus poll was just so $$
Now I’m really sad, because DB is starting to pay some seriously undue attention to this asshat. There are enough asshats on Wall Street who have no clue that they’re actually asshats, for DB or anybody else to waste time on somebody whom even THEY can agree is an asshat.
It’s not like you’re going to be accepted by a community by crybabying to irrelevant publications… you have to prove yourself, by their standards… not a bunch of self promoting bullshit…
I’ve never quite gotten this whole Sykes fascination. Maybe he is just trying to sell books, but he seems like he’s coming unhinged to me. If I knew this guy, first off I’d be embarrassed, and second I guess I’d try to get him some help. As much of a dufus as he might be, it would still be sad to see him off himself or someone else.
Let Tim Sykes know that we all hope he finds something which allows him to be successful; Tim may eventually find something that he is actually good at….
Keep at it Tim; we do like you and agree that you should stop the “Hedge Fund” farce and should discontinue losing OPM….
The consensus is that Sykes ripped people off.
There’s a difference between being a volatile trader who got tripped up on volatility and hubris — every hedge industry star took a hit like that at some point — and lying to investors.
Sykes:OKguy/BadTrader/WorseWriter
Lost -36% since Jan2006
Sykes is the biggest attention whore i have seen in a long time. He is like Paris Hilton without the talent.
Tim, you must have some talent in something, but you are not a good trader or author!!
Tim, the book is not a classic; sorry!
After losing over one third of their money, I feel sorry for Sykes poor investors…. I guess Tim is only good for more wacky entertainment as our favorite attention whore!!
Timothy Sykes, our resident idiot and attention slut, shares his “fooled by randomness” experiences in a shitty book which is not worth $20….
In other news, I am a billionaire now according to Forbes Magazine.
Re:ACTUAL FACTS:
Sykes investment returns throughout 2006 and 2007 were very bad because he does not learning from mistakes. For example, he made incredibly stupid “loans” of his investors money from Sykes/Cilantro hedge fund in excess of 250K to a bankrupt/pink sheet company, along with buying large amount of additional shares of this nearly-worthless company (Cygnus). Sykes big-ego and lack of good judgement lead him to do stupid things that normal people would never consider.
Just checked out the TM website, and saw the cover for the 30 under 30 issue, what a bunch of wankers! I do not know how anyone with any hint of self respec could be fooled into participating in such a ridiculous photo, and it endorses the comments of many, why on earth would anyone wish (or even beg) to be associated with these clowns?
Just checked out the TM website, and saw the cover for the 30 under 30 issue, what a bunch of wankers! I do not know how anyone with any hint of self respect could be fooled into participating in such a ridiculous photo, and it endorses the comments of many, why on earth would anyone wish (or even beg) to be associated with these clowns?
i miss alot of stuff, i must be lucky.
From Tim’s Amazon blog:
My big mouth has landed me in the gossip pages today with features on Page Six, Gawker and Dealbreaker.
Yes, my hedge fund is off its highs, but no there isn’t anything I can do about it. I am glad to say that the bleeding has recently stopped. Contrary to popular belief, my rise into the public spotlight has had very little effect on my trading and my fund. Confused? You should be. Distrusting of what I say? Probably.
Welcome to the wonderful world of hedge funds, where information is stifled by protective lawyers and industry regulations. In exchange for our incredibly flexible investment allowances, we hedge fund managers give up our rights to free speech. Per SEC regulations, we cannot advertise, talk to the press or detail our businesses to anyone worth under $1 million. Unfair? Definitely! Without the ability to respond, fund managers like me have been forced to put up with people like Randall Lane, editor-in-chief of ‘Traitor Monthly’ (the magazine formerly known as ‘Trader Monthly’), who go around assuming the worst without knowing any of the details. Well, I’m just sick and tired of it all. We shouldn’t be ashamed of what we do for we are American entrepreneurs!
Welcome to a new age, an age full of understanding, learning and transparency. Welcome to ‘An American Hedge Fund’.
Interesting
NO MORE TIMOTHY SYKES PLEASE. K THNX BYE.
who the fuck cares? is bess blowin sikes or what?
No Tim Sykes, you are not a bad guy at all(although Larry Kudlow does make a good point at 2:04 above). But you do not realize that your flash in the pan story has a limited shelf life. Trader Monthly is not the industry’ most respected rag, but it is reflective of the industry in many ways and you made them look bad after including you in their list last year with this year’s antics.
Let me be honest with you Tim because I do not hate you, want to call you nasty names like others here or begrudge you any success. But you are being displayed as a trader, hedge fund manager et al and your actions are more media whore-ish and childish, sort of Cramer for the even less-informed. Your are giving a stereotype, though unintentionally to the position that many resent because this is serious.
Losing money is not a game and acting like, oh I made mistakes here learn from them is not accurate. Beginners are not going to do the same thing you did on the whole and non-beginners already know the pitfalls of small-cap investing. So you are overlooking the obvious, you are trying to maximize the current popularity to make money on the book and MOVE into another career.
There is nothing wrong with that since trading failed but we all see it and your inability to admit you are looking to change into media seems naive. You want to publish books, have your own TV show and become something that no longer involves you trading OPM. When you embrace that, you will do fine.
Enough with this guy!
More Sykes Lies:”Yes, my hedge fund is off its highs, …..I am glad to say that the bleeding has recently stopped.”
Wrong!: Sykes/Cilantro continues to lose investors money throughout summer 2007; DOWN again during Aug2007 and Jul2007; Down over-37% since Jan2006.
By and large, the bleeding has stopped over the past few months. You haters are boring me with your inability to properly research the facts, get something real for once
Re: MORE SYKES LIES “…Fund bleeding has stopped..”
Sykes you pathetic liar your “hedge fund” continues to lose your investors throughout this summer2007:
Aug2007: DOWN
Jul2007: DOWN
Your post at Amazon is a lie: The bleeding has NOT stopped!!!
Come on Timmay, did you really post this?
“I could care less about the Wall St. community, ever since I told a few people I don’t do coke, I’ve been on the outside anyway.”
Do you really believe that you are an outcast on WS because you don’t do coke?
Loser Sykes Luck Runs Out and Self Publishes Book To Make Some Money Off Of Newbies and Suckers…..
Maybe Timothy Sykes will find some type of work which will allow him to succeed; but trading and self-publishing books will not allow him to actually contribute to society, and Sykes admits that he continues to lose OPM.
After reading Sykes book, story can be summarised in a nutshell:
1) Timmy made money trading the NASDAQ bubble(along with everyone else), and he did not demonstrate good money management. Basically, “lucky monkey” effect….
2) Timmy has not made money trading in the last 5 years because his luck ran out, and the bad risk management.
3) Timmy is trying to make money off his ’99-’02 track record, while lying about his trading failures over the last 5 years.
4) Timmy has averaged less than 1% annual return with his Sykes/Cilantro “hedge fund” since 2003. So, investors would have been better with interest bearing checking account.
5) Timmy lies that “..my Fund bleeding has stopped…”, but actually he lost his investors very large amounts of money throughout 2006-07, including continuous losses every month of Summer 2007. Sykes Fund “Bleeding” has not stopped, but rather continues as Sykes has lost over a third of his investors money since Jan 2006.
I just saved you the $20 book fee. Book is not worth reading even if you get it for free….
Re: Trader Monthly Did Right Thing!!:
Since Jan2006; Sykes/Cilantro Fund is down over -37%. DOWN throughout Summer 2007, as poor performance continues DOWN Aug/Jul2007.
Audited Annual Return for the entire history of Fund is less than 1%/yr (Mar2003-Aug2007).
Sykes/Cilantro has had no new investors for years, because people get better returns with less risk in checking accounts.
Smart investors do not trust Tim Sykes!
You’re right, Tim’s returns stinks, good thing Tim’s book isn’t an investment book, it’s an AUTOBIOGRAPHY!
Trader Monthly Did Right Thing!!
SykesOnCrack:
“…MyBookWorth$200…”
SykesOnLithium:
“…I must stop losing OPM…my book is way to make me badly needed money because of all my large Fund losses; Newbies and Suckers will eat my shitty book up..ha ha ha……its my brutally honest AUTOBIOGRAPHY to make money off of other losers…”
Tim, Again remember: No More Lies about Fund performance; it will help your “story” if you admit the continuous Aug/Jul2007 losses!!.. OK..
Your “Coke lie” is pretty funny Tim, so you can repeat that all you want..OK!..I’ll post below:
STRANGE SYKES LIE:
“I could care less about the Wall St. community, ever since I told a few people I don’t do coke, I’ve been on the outside anyway.”
you guys need to get over it. I don’t know if you’re just envious of Tim or you are just all full of shit because your life is revolving around this guy. So What!? I’m sure you’ve done what he has done? Lucky trader? He turned 13,000 dollars into millions. What’s the odds of that? You think that’s all luck. Why don’t you try to do half of that, better yet 1/100 of that. You can’t, you won’t. Tim realizes that maybe this isn’t the best business for him anymore so he’s moving to another field. He’s an entrepreneur. Just because he doesn’t come out and say, GUESS WHAT I DON’T HAVE IT ANYMORE doesn’t mean his actions don’t show that he realizes his capabilities. You are treating this guy like he’s doing something wrong. He’s just a capitalist and his actions are no different then any other rich person in this country (besides NPOs which i’m sure none of you are involved with). Get over it.
Tim,
There have been so many other blowouts, and unlike yours many are actually interesting like Hunt brothers, LTCM, Livermore etc.
What’s so special about your BLOWOUT. Have you not read FOOLED BY RANDOMNESS, or do you not know what BLACK SWAN Means..
Vic’s implosion, LTCM implosion were a treat to watch. You are just a kid nobody cares about. Even Jesse Livermore Lost it all 3 times or maybe more..
Can you tell me again..What’s so special about your failure?? Frankly 2mil isn’t much..so you never made it..So how can you lose it all.
Moreover your’s is not a story of someone WHO LOST IT ALL and had GUTS TO carry on and make it all back again.
ONCE YOU lost your money, you just changed your profession.haha…
What a FIGHTER..haha
RE: Sykes Closing Cilantro Fund
It is not your LOSING MONEY but it your LOSING HEART that makes me wonder if you ARE A MAN AT ALL…
Almost every good/great trader had big losses and came back. BUT YOU SIR simply RAN away and are TRYING to FIND another profession..
that’s SIGN OF A LOSER..
If your story had shown even a slight iota of grit in you it might have been worthwhile read. However, the book was a waste of time to read!
But You are just another loser..Many people make a fortune in markets.
and as they say Markets GIVE and take back with same ferocity…
I just hope you have a better luck as a writer (which btw doesn’t look like happening as of now)
Sykes said: “..It’ll be a lot easier for me to teach 1,000 people to make $10,000 …”
Uh oh….Here is a warning about Sykes/BullShit Express:
1) He closes the failed Cilantro Fund because it had an audited track record which documented his failures, then
2) Now, with the Fund closed he can BullShit his “trades” to newbies and suckers….(kind of like another marketslurper).
For example, Sykes will name a bunch of possible trades and then take credit for anything that works.
3) Sykes will not have any audited track record; so all aboard the BullShit Sykes express!
Well Tim..you have hit rock bottom. I kinda figured you were gonna bail on your trading career…and you are. Your fund is closing and you have now become some sort of wanna-be media whore. I guess you were just a flash in the pan. I find it hilarious that a guy who failed as a “hedge fund manager” writes a book about hedge funds. Seems like your book isn’t selling so well….oh wait…it hasn’t been “officially released yet”….I guess being on amazon for a few weeks doesnt count.
You just dont get it do ya? You were embarassed by the Ny Post….embarassed by trader monthly…embarassed on CNN….got humbled by Cavuto……dude…you are like Notre Dame’s football team this year….wherever you go it’s a disaster. Throw in the towel now man…before it gets any worse for you.
How sad are you that you now spend all day on here starting threads about a positive review? Don’t you realize the more you whine and cry about bad reviews, the more you look like a fool?
I predicted you would bail on trading and you did….in 6 mos you won’t be on here/mentioned and nobody in the trading world will miss you.
Trader Monthly was right….you are the Ryan Leaf of Wall St. In case you are not familiar, LEaf was the #1 pick in the NFL out of college a few yrs ago…..he is now coaching high school football in some podunk town in the middle of nowhere.
Failed Fund Manager Sykes Closes Cilantro Fund; DOWN over – 37%:
timmay did right thing..got rid of the Cilantro Fund 5yr trading record, yeah man…master Timmay make mo better money for self by making up own track record.. timmay need no audit/accountant..
Only “perfect picks” gonna be claimed by timmay now that he got rid of audited track record…
Whole lotta snake oil be brewing from the Sykes Shack…..
Next, Sykes will be selling cheesy DVD’s on trading penny stocks on infomercials….
Big fall for Sykes: a failed american hedge fund manager..