Comments on: An Interview with Trader and Author Timothy Sykes http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm Building Wealth through Saving and Investing Fri, 19 Mar 2010 03:14:59 -0400 http://wordpress.org/?v=abc hourly 1 By: Timothy Sykes http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-20773 Timothy Sykes Tue, 25 Dec 2007 18:06:05 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-20773 It shouldn't be that controversial -- if you look up the IP address of all "my haters", you'll find it's one guy in South Carolina. He uses multiple aliases to make it seem like my book isn't good and that I have a lot of haters. My guess is he was hired by Traitor Monthly Magazine (the only people I've ever had a beef with), but the idiots forget that controversy sells so I should be thanking them! Check out his Blogsmith page, he's written a small book attacking me and my book: http://www.blogsmith.com/profile/1390356/ Trader Gav documented it: http://www.tradergav.com/2007/12/03/timothy-skyess-hater/ Uglychart.com here: http://www.uglychart.com/2007/12/02/anti-timothy-sykes-spam/ It shouldn’t be that controversial — if you look up the IP address of all “my haters”, you’ll find it’s one guy in South Carolina. He uses multiple aliases to make it seem like my book isn’t good and that I have a lot of haters. My guess is he was hired by Traitor Monthly Magazine (the only people I’ve ever had a beef with), but the idiots forget that controversy sells so I should be thanking them!

Check out his Blogsmith page, he’s written a small book attacking me and my book:

http://www.blogsmith.com/profile/1390356/

Trader Gav documented it:

http://www.tradergav.com/2007/12/03/timothy-skyess-hater/

Uglychart.com here:

http://www.uglychart.com/2007/12/02/anti-timothy-sykes-spam/

]]> By: FrugalTrader http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-20766 FrugalTrader Tue, 25 Dec 2007 16:22:24 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-20766 FP, it is definitely the most controversial comments thread that i've read in a long time. :) FP, it is definitely the most controversial comments thread that i’ve read in a long time. :)

]]> By: FourPillars http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-20762 FourPillars Tue, 25 Dec 2007 15:56:41 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-20762 FT, I think I will submit this thread to the Golden Blog award committe for the "most entertaining thread" award... :) Mike FT, I think I will submit this thread to the Golden Blog award committe for the “most entertaining thread” award… :)

Mike

]]> By: Timothy Sykes http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-20695 Timothy Sykes Tue, 25 Dec 2007 05:04:51 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-20695 I'm so sick of the lies being spread about me, I just gotta respond. 1. Quite a few people like my book with nearly 4 dozen comparing it to "Reminiscences of a Stock Operator" and thats just so far in 3 months since its release. And one of those brave souls happens to be the DJ Newswire. 2. Actually most hedge funds have under $100 million under management and the majority of those have under $10 million. Shut your snobby mouth that $2 million isn't a lot of money. Never claimed to be big time, if you'd read my book, you'd understand just how ridiculous your statements are. 3. To say I have no strategy is simply ludicrous. I invite you to my website where I detail all my trades daily. Or maybe check out my 6 hour instructional video "PennyStocking" where I detail all my strategy's variables!After earning 130x my money within 5 years, I got too cocky and got away from my core strategy--that is what caused the 35% drawdown. you haters love taking the facts and twisting them, thats why I'm gonna repeat my feat of turning $12k into $1.65 million, detailing every step of the way. 2 months in and I'm up 25%. I'm going to succeed just to spite you. You have no idea how determined I am so thank you for helping make me more determined. This is no longer about $, its about the journey and to cut snobby, lying, dishonest people like you down to size and show everyone how great this game really is, despite the negativity coming from soulless people like yourself. I’m so sick of the lies being spread about me, I just gotta respond.

1. Quite a few people like my book with nearly 4 dozen comparing it to “Reminiscences of a Stock Operator” and thats just so far in 3 months since its release. And one of those brave souls happens to be the DJ Newswire.

2. Actually most hedge funds have under $100 million under management and the majority of those have under $10 million. Shut your snobby mouth that $2 million isn’t a lot of money. Never claimed to be big time, if you’d read my book, you’d understand just how ridiculous your statements are.

3. To say I have no strategy is simply ludicrous. I invite you to my website where I detail all my trades daily. Or maybe check out my 6 hour instructional video “PennyStocking” where I detail all my strategy’s variables!After earning 130x my money within 5 years, I got too cocky and got away from my core strategy–that is what caused the 35% drawdown. you haters love taking the facts and twisting them, thats why I’m gonna repeat my feat of turning $12k into $1.65 million, detailing every step of the way. 2 months in and I’m up 25%.

I’m going to succeed just to spite you. You have no idea how determined I am so thank you for helping make me more determined. This is no longer about $, its about the journey and to cut snobby, lying, dishonest people like you down to size and show everyone how great this game really is, despite the negativity coming from soulless people like yourself.

]]> By: WhoaNelly http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-20643 WhoaNelly Mon, 24 Dec 2007 10:27:03 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-20643 This has got to be the biggest joke I've ever heard. I like your blog but I am shocked and disappointed in you for actually "interviewing" this nobody and actually liking his book. First of all $2 million is not hedge fund money, in fact even for the flunky financial "advisors" that work in offices on top of Chinese restaurants, $2 million under management is pocket change. Small start-up hedge funds start with at minimum $50 million and usually much more. Second, there is no stock trading strategy that he has, his strategy is essentially buy a penny stock and pray that it goes up a lot. The fact that he lost 35% of his entire capital on one stock is proof enough that he has no strategy and is not a real money manager. I'm willing to bet anything that Little Timmy has virtually none of his gains left. Like others have said, he's essentially a typical moron just playing roulette, gets lucky and thinks he has some "system" even after he loses it all. What a moron. This has got to be the biggest joke I’ve ever heard. I like your blog but I am shocked and disappointed in you for actually “interviewing” this nobody and actually liking his book. First of all $2 million is not hedge fund money, in fact even for the flunky financial “advisors” that work in offices on top of Chinese restaurants, $2 million under management is pocket change. Small start-up hedge funds start with at minimum $50 million and usually much more. Second, there is no stock trading strategy that he has, his strategy is essentially buy a penny stock and pray that it goes up a lot. The fact that he lost 35% of his entire capital on one stock is proof enough that he has no strategy and is not a real money manager. I’m willing to bet anything that Little Timmy has virtually none of his gains left. Like others have said, he’s essentially a typical moron just playing roulette, gets lucky and thinks he has some “system” even after he loses it all. What a moron.

]]> By: Weekly Roundup - Weekend Reading Edition. | Cash Money Life http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-15295 Weekly Roundup - Weekend Reading Edition. | Cash Money Life Sat, 27 Oct 2007 14:13:38 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-15295 [...] Frugal Trader at Million Dollar Journey! Frugal Trader recently reviewed An American Hedge Fund, and interviewed the author, Timothy Sykes. I’m looking forward to reading the book! Thanks, Frugal [...]

[...] Frugal Trader at Million Dollar Journey! Frugal Trader recently reviewed An American Hedge Fund, and interviewed the author, Timothy Sykes. I’m looking forward to reading the book! Thanks, Frugal [...]

]]> By: HK http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-15266 HK Sat, 27 Oct 2007 03:03:25 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-15266 Howard, You're using my name under false pretenses. I take offense to that because I enjoyed Tim's book very much. It is very inspirational and you sir are a liar because he did not lose money trading. If you had read the book, you would know that Howard,

You’re using my name under false pretenses. I take offense to that because I enjoyed Tim’s book very much. It is very inspirational and you sir are a liar because he did not lose money trading. If you had read the book, you would know that

]]> By: John Milby http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-15174 John Milby Thu, 25 Oct 2007 22:02:35 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-15174 These attacks on Tim must stop; his book is truly original and great and he serves as an inspiration to all young investors. FYI I did some digging into these message board claims and I found Tim merely reposted his thoughts, the stock's longs were pretty incensed. Funny thing is Tim was absolutely correct with his posts. Great, great guy These attacks on Tim must stop; his book is truly original and great and he serves as an inspiration to all young investors.

FYI I did some digging into these message board claims and I found Tim merely reposted his thoughts, the stock’s longs were pretty incensed. Funny thing is Tim was absolutely correct with his posts. Great, great guy

]]> By: The Financial Blogger | Smith Manoeuvre October Updates http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13949 The Financial Blogger | Smith Manoeuvre October Updates Mon, 08 Oct 2007 10:13:47 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13949 [...] Last week, he did a great review of “An American Hedge Fund”. Then, he conducted an interview with the author (and the great trader) Timothy Sykes. Since then, this book was part of my Xmas [...]

[...] Last week, he did a great review of “An American Hedge Fund”. Then, he conducted an interview with the author (and the great trader) Timothy Sykes. Since then, this book was part of my Xmas [...]

]]> By: Book Review: An American Hedge Fund » Stock Market Blog.com http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13836 Book Review: An American Hedge Fund » Stock Market Blog.com Sat, 06 Oct 2007 19:40:01 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13836 [...] Here is a link to an interview done with Timothy Sykes by Million Dollar Journey. Posted inBook ReviewsOctober 6th, 2007 . [...]

[...] Here is a link to an interview done with Timothy Sykes by Million Dollar Journey. Posted inBook ReviewsOctober 6th, 2007 . [...]

]]> By: the Wealthy Canadian http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13755 the Wealthy Canadian Fri, 05 Oct 2007 18:57:19 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13755 You're right those are some nice patterns. Wow! Wish I would have seen CHNR on Sep24? You’re right those are some nice patterns.
Wow! Wish I would have seen CHNR on Sep24?

]]> By: FrugalTrader http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13674 FrugalTrader Thu, 04 Oct 2007 14:27:03 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13674 Guys, this is the answer that Tim emailed me: "Well it could be randomness that I've profited from time and again, but I think the odds of that go down each time I take another profit. And my fortune was built on the backs of tens of thousands of small profits so the chances of it being purely random are very low. Also, as you'll read, I'm not even that good of a trader. I see the patterns, which, by the way, still exist in all their glory, long after the tech bubble, and I try to take advantage of them. I'm a horrible timer and I ALWAYS enter too early as I always get too excited about taking another large gain so I shoot myself in the foot by getting overexcited and overtrading. The patterns I've had the most success with are chart patterns like CHNR, JRJC, SCON, ZVUE, CRDC, CPSL. You see the huge rise and usually a quick fall. Same pattern for the past 9 years, just with many mutations. My book doesn't have any charts because I don't want people playing this pattern without knowing all the risks involved and that's why I've created a 6 hour instructional DVD (more information at www.timothysykes.com) It's not a pattern for the faint of heart, but hopefully I can teach people about what's worked for me and what hasn't so they can at least be better prepared. I have the same concern as well. Short-term strategies seem increasingly unpredictable. I can see making that kind of money during the height of the tech boom..but now? Everyone thinks there isn't as much volatility any more--I can't understand it. Look at those charts of the tickers above, they're greattttttttt! " Guys, this is the answer that Tim emailed me:

“Well it could be randomness that I’ve profited from time and again, but I
think the odds of that go down each time I take another profit. And my
fortune was built on the backs of tens of thousands of small profits so the
chances of it being purely random are very low. Also, as you’ll read, I’m
not even that good of a trader. I see the patterns, which, by the way,
still exist in all their glory, long after the tech bubble, and I try to
take advantage of them. I’m a horrible timer and I ALWAYS enter too early
as I always get too excited about taking another large gain so I shoot
myself in the foot by getting overexcited and overtrading. The patterns
I’ve had the most success with are chart patterns like CHNR, JRJC, SCON,
ZVUE, CRDC, CPSL. You see the huge rise and usually a quick fall. Same
pattern for the past 9 years, just with many mutations.

My book doesn’t have any charts because I don’t want people playing this
pattern without knowing all the risks involved and that’s why I’ve created
a 6 hour instructional DVD (more information at http://www.timothysykes.com) It’s
not a pattern for the faint of heart, but hopefully I can teach people
about what’s worked for me and what hasn’t so they can at least be better
prepared.

I have the same concern as well. Short-term strategies seem increasingly
unpredictable. I can see making that kind of money during the height of the
tech boom..but now?

Everyone thinks there isn’t as much volatility any more–I can’t understand
it. Look at those charts of the tickers above, they’re greattttttttt!
“

]]> By: Xias http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13611 Xias Wed, 03 Oct 2007 17:33:40 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13611 I have the same concern as well. Short-term strategies seem increasingly unpredictable. I can see making that kind of money during the height of the tech boom..but now? I have the same concern as well. Short-term strategies seem increasingly unpredictable. I can see making that kind of money during the height of the tech boom..but now?

]]> By: the Wealthy Canadian http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13531 the Wealthy Canadian Tue, 02 Oct 2007 17:55:46 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13531 Good question, Ed. I was wondering the same thing. How do I know that if I follow the same methods exactly that I will have the same success? Or what confidence can be provided to investors into your hedge fund? Even a roulette player can win $2M and then lose $700k. I'm sure the book will be inspirational, I just wonder if you're selling a dream or a possibility. Good question, Ed. I was wondering the same thing. How do I know that if I follow the same methods exactly that I will have the same success? Or what confidence can be provided to investors into your hedge fund? Even a roulette player can win $2M and then lose $700k.

I’m sure the book will be inspirational, I just wonder if you’re selling a dream or a possibility.

]]> By: Ed Rempel http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13529 Ed Rempel Tue, 02 Oct 2007 17:09:16 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13529 Hi Timothy, This may sound like a strange question, but how do you know your success was not luck? Market efficiency theorists (if you believe them) claim that a certain percentage of investors will beat the markets just based on luck. Of course, whoever happened to be lucky is the one that would than be able to write about it. I guess the real question is - How repeatable and consistent are your methods? Ed Hi Timothy,

This may sound like a strange question, but how do you know your success was not luck? Market efficiency theorists (if you believe them) claim that a certain percentage of investors will beat the markets just based on luck. Of course, whoever happened to be lucky is the one that would than be able to write about it.

I guess the real question is – How repeatable and consistent are your methods?

Ed

]]> By: The Financial Blogger http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm/comment-page-1#comment-13505 The Financial Blogger Tue, 02 Oct 2007 10:37:33 +0000 http://www.milliondollarjourney.com/an-interview-with-trader-and-author-timothy-sykes.htm#comment-13505 Thx for this Interview FT! I agree with Timothy; there are so many financial books that are not ever written by millionaires... I could you really trust them? I will definitely read his book. At least, I know that he made it to the top. He must have discover something we didn't ;-) Thx for this Interview FT!
I agree with Timothy; there are so many financial books that are not ever written by millionaires… I could you really trust them?

I will definitely read his book. At least, I know that he made it to the top. He must have discover something we didn’t ;-)

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