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Don’t Drink and Trade [MSN]
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Tim Sykes
Tim Sykes Shows Us How He Turned Bar Mitzvah Gifts Totaling $12,415 Into A Pre-Tax Sum Of Just Under $2 Million
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that was actually sort of funny, sykes.
what an idiot
hilarious!!!!
Unfuckingwatchable. Please work a little harder to find something worthwhile to write.
thank god for tim sykes
Really wish your links were pop-ups into new windows so I didn’t have to click back after every link.
Look how all of Tim’s haters disappear once they realize this kid’s got a bright future as Cramer 2.0
I think you mean Cramer 3.0, Tim 2:52PM. The Cramer 2.0 designation is reserved for Cliff Mason.
@2:52
So Sykes has a future as a coke-fueled stock market blowhard peddling bs advice to joe & jane investor who don’t know any better than to follow what he says verbatim whilst ignoring his suggestion that they do their own research?
Oh, well n that case, I might just agree with you.
Your fifteen minutes are up, fool.
I only kept watching to see if he would puke. ***Spoiler alert – he doesn’t. Too bad.
I only kept watching to see if he would puke. ***Spoiler alert – he doesn’t. Too bad.
No puke, but I think he soiled himself. (Indications: shiftiness in his seat, people nearby shooting him if-looks-could-kill grimaces, moments where his eyes cross and he grimaces, numerous grunts) All hail the “Brown Foreman”!
That was embarrasing. I want the last few minutes of my life back. Waste of time.
if you were worried about wasting time, you should’ve have then proceeded to comment?
Only reason I watched was the hope that he was taking shots of carbolic acid. No dice.
This is like “Dumb and Dumber” the stock version, only without the humor. Sykes is the biggest attention whore i have seen in a long time. He is like Paris Hilton without the talent. HA!
sykes is an attention whore, but he’s got a great message in his book, which i just finished last night
OMG this is what we’re up against!
he drinks those shots down like they are chunky soup.
Timmay Sykes:Drunk/Incompetent Loser (the book SUCKS!)
Idiot drunk loses MORE MONEY with bad investment advice. DO NOT BUY STUPID BOOK!!!
Sykes Down -36% since Jan2006
u knew tim’s haters would have to come out sooner or later. idiots
Tim’s haters are going to be sorely disappointed when they discover Tim not only admits his mistakes, he details them in order to help readers learn! I loved the book and judging from all the reviews, I’m not alone
“Lucky Drunk Idiot/Sykes Luck has Run-Out”:
Nothing of value in his book for any serious professional….
His book SUCKS, unless you like seeing a hyper idiot self-destruct……
His “Fund” is down over -36% since Jan2006.
Nothing personal, I do not hate Tim. (However, his book is not worth $19, and people need to be warned!)
Have you read Tim’s book? No, of course not. He sent out 200 review copies and has gotten 150 glowing testimonials, many of which are calling it a new classic. Get a life suckas
Sykes Book:”Classic BullShit”!!
I read it: Nothing for serious professionals!! Not worth $19.
Tim, this is not personal. You must have some talent in something, but you are not a good trader or author!! (forget the 150 glowing professional courtesy reviews, thats how the promo game is played). It doesn’t help that you “admit mistakes and describe the stupid details”. You are an embarrassment!!
I read his book. I was psyched when I started, but was quite disappointed by the time I got done. Nothing really new or earth shattering in it. I got it for free so it wasnt so bad…..but wouldnt pay 20 bucks for it. Much better “reads” out there.
I read his book. I was psyched when I started, but was quite disappointed by the time I got done. Nothing really new or earth shattering in it. I got it for free so it wasnt so bad…..but wouldnt pay 20 bucks for it. Much better “reads” out there.
Sheer BALDERDASH I say! BALDERDASH!
Ignore these ridiculous posts, Tim’s book is a future classic. Seriously.
Tim, I read the book. It is not very good. Sorry. We like you, just the book is BAD!
People should not waste money and time with this trash. Sorry.
I know you have dreams of being a “stock operator”; maybe more realistic to try being an “elevator operator” or hotel “door operator”…
I don’t think Tim would make a good elevator operator … he doesn’t know when to keep his mouth shut. Maybe he could be a telephone operator …
Sykes:BadTrader/WorseWriter
(Tim, We like you as a person…OK, but the truth must come out!)
u fucken idiot haters, look at some of Tim’s blurbs–professional courtesy my ass, they’re amazing!! show a little respect:
“A clearly-written account of a natural trader coming of age, a Catcher in the Rye for traders. Highly recommended if you want to be or understand a trader.”
–Aaron C. Brown, Executive Director at Morgan Stanley, Author of The Poker Face of Wall Street
“The most realistic portrayal of the risks, rewards, joys, frustrations, exhilarations and the depths of a trader’s life since Reminiscences of a Stock Operator.”
–Craig L Howe, Faulkner and me, Amazon Top 500 Reviewer
“Sykes proves that in addition to his extraordinary gift as an entrepreneur he is also a very fine writer, able to communicate his dream and his reality with a forceful, compelling style that will find an audience among those who wish to understand the seeming conundrum of the Stock Market.”
–Grady Harp, Amazon Top 7 Reviewer
“Finally! A follow-up to the incredible and detailed, Reminiscences of a Stock Operator and How I Made $2 Million in the Stock Market…This book is a must read for any aspiring trader.”
–Kevin Kelly, BloggingStocks.com
“Tim lays it on the line. The pain, the hunger, the glory, the brutality of trading in the trenches. Read this before you try to turn $12,000 into $2,000,000.”
–James Altucher, President, Stockpickr LLC, Formula Capital, and Author of Trade Like a Hedge Fund and SuperCa$h
“Nothing short of riveting for anyone with a passion for the American dream.”
–Karen E. Spaeder, Entrepreneur, Former Managing Editor of Entrepreneur
“A refreshing perspective from one of the industry’s rising young stars—it even draws a little blood…” –Tom Sosnoff, Cofounder and CEO, Thinkorswim, Inc.
“This is the first book I’d give to somebody if I were trying to interest them in the stock market…”
-Greg Feirman, Founder and CEO, Top Gun Financial Planning
“Tim captures the mindset and drive of the at-home, chart-based stock trader…you’ll find this book eye-opening…”
-David Jackson, Founder and CEO, Seeking Alpha
“Should be a prerequisite for every kid coming out of business school…”
-Adrian James, President, The Stockwire Group
“A book all aspiring traders should read. The mental elements of trading described in Tim’s story, both positive and negative, are ones that all traders experience…”
-John Forman, Author of The Essentials of Trading
Sykes:BadTrader/WorseWriter
NOT worth $19; NOT a Classic!
Tim, We like you as a person…OK, but the truth must come out!
I also read Sykes book and was psyched when I started, but was quite disappointed by the time I got done. Nothing really new or earth shattering in it. I got it for free so it wasnt so bad…..but wouldnt pay 20 bucks for it. Much better “reads” out there.
I read it: Nothing for serious professionals!! Not worth $19.
Tim, this is not personal. You must have some talent in something, but you are not a good trader or author!! (forget the 150 glowing professional courtesy reviews, thats how the promo game is played). It doesn’t help that you “admit mistakes and describe the stupid details”.
OK, I’ve had just about enough of this trash talking. Haters, if you would be so kind as to quote the last sentence on page 12, I think we’ll be able to see exactly how full of crap you are. Somehow I just can’t believe that all of a sudden people don’t like this book when I sent out 300 review copies and got exactly 3 negative reviews. But, I could be wrong, so let’s hear the sentence. If you’re wrong, then you’re liars, simple as that.
Sykes:BadTrader/WorseWriter
NOT worth $19! NOT a Classic!
Nothing for serious professionals or Newbies in Sykes book!
Tim you are an OK guy, but the book is not that good. People should know that you are doing a SPAMFEST to pump a poorly written book for your own financial gain. Nothing personal against you!
Exactly, just like I thought. You haters haven’t read my book and yet you’re judging me. You’re gonna be surprised by what I have to say in my book, I guarantee it.
And one more thing–if you idiots weren’t posting so much blatant crap about everywhere, I wouldn’t be forced to reply. You are the spammers, I’m just trying to keep this a level playing field until people can judge for themselves in a few weeks.
PS It’s incredibly sad that you’re trying to rip on a product that took a person months to complete and yet you have no idea what it contains. You make me sick and hopefully the honesty i show in my book will help you realize you’re fighting on the wrong side.
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!
Dude, posting my returns is irrelevant here, I’m not trying to sell you on my fund. I am an attention whore, but unlike Paris, I have a great message–and guess where I tell it. Yup, in my book! The same book you haven’t read because you can’t name the last sentence on page 12. Seriously man–stop wasting my time and forcing me to have to correct your BS. Email your address, tim@timothysykes.com–I’ll send you a free copy and then you can tell everyone what you think, but for god sake stop posting about stuff you know nothing about!
From the moment I picked your book up until I laid it down I was convulsed with laughter. Some day I intend reading it.
Timmay Sykes:Drunk/Incompetent Loser (the book SUCKS!)
In case you didn’t get it, this drunken trading segment was a spoof, poking fun at how these ‘experts’ roll of thousands of stock picks and they tend to be right about 49% of the time. Once you read my book, you’ll see stock picks don’t matter, what matters is your ability to profit from patterns that repeat, time and time again.
FYI That first round of books i sent out was just a rough draft to solicit testimonials—the final copy is much improved (I’m a first time writer, it’s a learning process!)
Sykes/Cilantro DOWN -36%:
Sykes says “what matters is your ability to profit from patterns that repeat, time and time again”
When will Tim “profit from patterns”??
Tim, we like you but please give up the SPAM/attention whore stuff!
“Once you read my book, you’ll see stock picks don’t matter, what matters is your ability to profit from patterns that repeat, time and time again.”
Do you expect us to believe that you have found profitable patterns in financial data without any knowledge of quantitative analysis or equity analysis? Here we are (all of us at hedge fund other than Cilantro Fund Partners) spending zillions of dollars on financial data, quants, equity analysts, sell-side research and supercomputers, trying to find a pattern (any pattern) that can give us a slight edge on the market, while you have managed to discover such patterns all by yourself and without any education or resources. And, joy of joys, you will soon be giving away your secrets to the public in the form of a $20 book.
I think what really happened is that you’ve given up on trying to analyze individual companies, because that’s just too much work and too boring (who wants to think about businesses when we can be making money instead?) But you still need to sell some kind of snake oil to your audience and your hedge fund investors. And that snake oil is … chart reading. Couldn’t you have been at least a little original, Tim? Of course not, you’re too dumb for that sort of thing.
I would say that at least one person will lose his life’s savings because of your book, and will probably kill himself. But let’s face it, there are hundreds of thousands of phony books about investing, written by con men like yourself. I guess nothing can stop a sucker from parting with his money, but you are making it just that much easier for him.
Tim’s complete lack of financial acumen is making me question whether he really did turn his bar mitzvah money into a “fully audited pretax sum of $1.2 million” or $2 million, or whatever it is. What is the name of the accounting firm that audited Tim’s returns? I think this should be investigated. In the past, far wealthier hedge fund managers than Tim Sykes have falsified audited returns, so it is not unreasonable to be suspicious.
I just read Tims book; NO NEED TO BUY BOOK! Summary in a nutshell:
1) Timmy made money trading the NASDAQ bubble (along with everyone else).
2) Timmy has not made money trading in the last 5 years.
3) Timmy is trying to make money off his ’99-’01 track record, while lying about his trading failures over the last 5 years.
I just saved you the $20 book fee.
Tim, we do not hate you; but you are NOT “Rocky” and the book is NOT a “Classic”….
1. All my returns are audited and I will be posting them on my soon-to-be-upgraded website.
2. I trade Penny Stocks–where quants and analysts are afraid to step foot in so their research is useless to me.
3. Research in Penny Stocks is utterly useless because you can’t trust any company whatsoever (as I’ve learned the hard way and wish to detail to help others avoid making the same mistake)
4. Stop with this BS misinformation campaign–read the damn book and then post your thoughts, good or bad, just stop making up lies and drawing faulty conclusions that I annihilate in the book.
BEWARE: Do not trust Tim Sykes with any money advice!! He has lost his investors a lot of money throughout 2006 and 2007!! DOWN -36% since Jan2006!!
Re:Sykes/Cilantro DOWN -36%:
I didn’t have to buy Sykes book, but it did come across as an individual that got lucky, then the law of averages caught up with him, then he tried to milk his luck.
Haters, go fuck yourselves and read the damn book before you criticize.
Here’s a free lesson for ya: Those who forget the lessons of the past are condemned to repeat them
ATTENTION: After Timmay bought over 100K of worthless CYGT stock for his “Fund”, he then also LOANED another 75K to these losers and also bought more stock, with his “Hedge Fund” investors money.
Tim, you are a dumb-ass for giving more money to those CYGT losers as a loan from your “Hedge Fund”. You should be in jail for that! Your investors should sue for refund, and you know what an incompetent fool you are!
Tim, there is no lesson in your Fuck-Ups for any of us; We are Not As Stupid as You!!! We would NEVER LOAN Money to a losing pink-sheet company, especially after losing money from them!!
Tim,
Why not just give us a free link to download the book. We all know it is not worth any real money!
If you’re not willing to pay $20 at the chance my book might help you better understand the stock market or least entertain you, then you’ll never make it because you aren’t open minded. And I will never give me book away for free—I’m a capitalist you moron.
MORE SYKES fuck-ups:”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….
You’re taking 2 sentences from different chapters and trying to combine them to twist the facts to suite your faulty thesis. Checkmate loser.
Just finished reading this mediocre book. Its an empty and uninspiring story about Tim Sykes, a self-absorbed irresponsible stock trader. This book is NOT a “classic” and story is NOT “Rocky-like”(as author Sykes claims).
Sykes put the term “stock operator” in title in order to confuse all future book searches for Jesse Livermore’s excellent story (Reminiscences of a Stock Operator, by Edwin Lefèvre (1923)). This cheesy trick might help book sales, but needless to say, Sykes has nothing in common with the great trader Livermore.
Sykes comes across like a hyper/immature/video game player-type Trader, which worked for him for a few years; then the law of averages caught up with him. His “return to the mean” continues during the past two years; and his very poor investment strategies are DOWN -36% since Jan 2006. His continous bad performance throughout 2007 shows that he does not learn from his mistakes; and readers can only cringe while watching Sykes slow motion demise.
SYKES fuck-up example:”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.”
Just got done watching “Alive Day” on HBO, about injured soldiers from Iraq. I was humbled by their stories and their sacrifice. Then I stumbled on this juvenile toolbag on “Mojo” (groan) and was struck by the contrast between the soldiers humility and selflessness and Tim’s vapid self-absorption. I suppose we can’t expect more out of a privileged and probably deeply insecure 26 year old, but why in the world is anyone listening to this guy? I’d love to see him debate Jack Bogle, David Swesen, or some other legend of the investment world who could easily dispatch Tim’s argument that hedge funds are “better” than mutual funds. To think that some investor, who could pay 20 basis points for a perfectly good index fund, is going to hand over their money to Tim. Sad. We don’t “hate” you, Tim. We hate what you stand for: vanity, narcissism, exhibitionism, self-importance, greed, investment foolishness, and stupidity.
re:Cygnus/Sykes Fuck-up:
Yeah I know, Sykes/Cilantro is being reported to SEC for that idiotic 250K “loan” to Cygnus/risky pink sheet company. Sykes will be personally refunding that money to his investors; so don’t worry justice will prevail.
Sykes has no credibility; now new investors for years because we just can’t trust that unstable maniac.
I wonder when the haters will give up? Will it be when my book helps someone who is a better trader than me make a million dollars or will it take $2 million?
Re:Wonder when they will give up…
Yes Tim; let us know when either of two things happen:
1)Someone reads your book and gets lucky by winning million dollar lottery, or by “learning from your book”; or
2)You personally regain the -36% you have LOST.
Please let us know when either #1 or #2 happens.
LEAVE TIMMAY ALOOOONNNNEEEE!!! He’s a normal person, he’s just going through a hard time! jeez, think about Poor Timmay, just leave him alone!!! What if you lost 36% of your fund assets and had to resort to shilling $20 books via a spam campaign?? You assholes! Wait till the book comes out, until then, LEEEAVVVEEE TIMMAY ALONE!!! LEAVE HIM ALONE!! Or I SWEAR I will sic his mother on you and she and I will slap you silly…you PIGS!
PS I love you Timmay. Are you coming over to play “prison shower” again?
I also read the book and found it a waste of time. Sykes is so delusional, he can’t believe that after reading his book people are unimpressed.
Sykes is going nuts, posting insults at Amazon directed to his readers comments if they did not like the book!!
He is worried that he might need to find a real job since selling books won’t pay his rent!!
Wow, someone is stupid enough to buy Sykes’ book… if I see any of my people reading his book, I am firing them on the spot
There’s no way you guys read the book yet considering it just went on sale a few days ago. The only real reviewers are people IO sent advance copies to. Also, if you had read the book, you’d see I rip on myself throughout so saying I’m delusional is simply false. Read the book and get back to me–you’re gonna be surprised.
Sykes is so delusional, he can’t believe that after reading his book people are unimpressed.
Sykes put the term “stock operator” in title in order to confuse all future book searches for Jesse Livermore’s excellent story (Reminiscences of a Stock Operator, by Edwin Lefèvre (1923)). This cheesy trick might help book sales, but needless to say, Sykes has nothing in common with the great trader Livermore.
Just got done with Sykes’ book and it really is an enjoyable breezy read. His haters are in for the surprise of their little lives!
There’s no way JackieNYC read the book yet considering it just went on sale a few days ago. The only real reviewers are people IO sent advance copies to.
JackieNYC actually read the book and then kiss timmay ass with fake glowing reviews.
I also like Tim Sykes as wacky entertainment, but he is getting a little more emotionally unstable, such as insulting any reader of the book who is unimpressed, and demanding that Amazon delete any bad book reviews…kind of weird…I think Tim is trying to milk his “TV fame” the best he can.
Book describes the infamous 250K “loan” from his hedge fund to nearly bankrupt Cygnus E-Transactions (CYGT.PK) and his additional purchase of shares which was amazingly ignorant and possibly illegal! Normal people do not have such bad judgement, so Tims “advice” rings hollow!
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!!
Tim,
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 worth 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)