Filed in archive
home business people
by noel on July 19, 2007

While reading his comment, I came across this part...
I turned $12k into $2 million trading waaaaay too many microcap stocks from 1999-2002, created a hedge fund, became the #1 Short bias Hedge Fund from 2003-2006, starred in the TV documentary Wall Street Warriors (500 airings now!!), and began appearing regularly on CNBC all before the age of 25.
I told myself, my gosh, this guy is about 10 years younger than me and yet he turned $12k into $2million? I need to know what he knows and how he did it. So the next logical thing for me to do is to email Timothy and ask for a review copy.
I got a review copy yesterday. It was about 247 pages long so I said to myself it will take me a few days to finish reading it. I started reading the book at around 9:30pm. The next thing I noticed, it was already 11pm! I simply can't stop reading it. The last time I had this same enthusiasm about a book was when I read "The Secret". It wasn't boring at all. It was in a story format detailing what his background was, how he started with $12k, the actual deals and company stocks he played (including the ticker symbols so you can check out the stocks if you want).
Timothy wrote about his tactics and trading rules that guided him to success. He wrote about his emotions during these deals and how these played an important role in the success or failure during his trades. He narrated some of his best and worst deals and the lessons learned from those. I didn't know there were so many tactics used during bullish and bear periods. He did all of this while working at home. It was truly a Home Based Business.
I was literally sucked up into reading the book until 2am. By this time, I know I have to sleep. I've finished about 100+ pages so far.
This morning, I finished the whole 247 pages. I can't believe I've finished the whole book in less than 24 hours and I can't believe I got this much excitement from a finance book. That's not the typical me.
This book "An American Hedge Fund" will be out in the market this Oct, 2007. If you wanted to know more about stocks and hedge funds, learn from Timothy Sykes's story. I bet you'll love his story and learn from it too.
Timothy's Website: http://www.timothysykes.com/
Permalink: An American Hedge Fund Book Review
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/81796
Mr Wong
Vote for An American Hedge Fund Book Review:
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Rating: 6.60 out of 5 vote(s) cast.
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Response from:
Kaplan Accounting
(08/14/07 8:32am)
Response from:
Bob Cohen
(09/03/07 2:51pm)
“Lucky Idiot/Sykes Luck has Run-Out”
I’ve read the advance copy of book. DO NOT BUY THAT SNAKE OIL CRAP unless you like seeing a hyper idiot self-destruct……
Nothing of value in this book for any serious professional….
His “Fund” is down over -36% since Jan2006.
I’ve read the advance copy of book. DO NOT BUY THAT SNAKE OIL CRAP unless you like seeing a hyper idiot self-destruct……
Nothing of value in this book for any serious professional….
His “Fund” is down over -36% since Jan2006.
Response from:
Abe Stein
(09/13/07 10:35am)
Tim Sykes:BadTrader/WorseWriter
I read his book and found his story boring and meaningless. Book is NOT worth $19! Sorry Tim but book is NOT a Classic!
NOTE: Sykes/Cilantro Hedge Fund Lost -36% since Jan2006!
I read his book and found his story boring and meaningless. Book is NOT worth $19! Sorry Tim but book is NOT a Classic!
NOTE: Sykes/Cilantro Hedge Fund Lost -36% since Jan2006!
Response from:
Steve B.
(09/22/07 9:33pm)
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....
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....
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Cilantro/Sykes Hedge Fund Audited Performance SUCKS BIG TIME (3/2003-6/2007):
Compounded Annual Return: 1.52% (underperformed money market rates, with much higher risk; better to buy CD's than lose with Tim)
Cilantro/Sykes Fund Sharpe Ratio (Annualized): -0.06
(may as well bet on coin flips; or do as Tim Sykes and sell out and go on TV/self-publish etc)
BEWARE: SYKES SUCKS(in many ways)!!