Losers
A Jew who lives at home with his mother and acts like an ass towards her is not my idea of a successful trader.
shareA Jew who lives at home with his mother and acts like an ass towards her is not my idea of a successful trader.
shareHe does not live at home with his Mom.
He lives in an apt. where his Mom comes to visit and clean every 2-3 wks.
I do not, however, condone how he acts towards his Mother, but I'm sure it's mostly to add flare/drama to his character for TV.
I get the feeling almost all of the characters are 50% fake. If the people on the show are 100% real... they are a bunch of fking morons. For example, I would never take a 28 year old driving a fking Ferrari seriously. Drive a normal car, you impotent dickface!
And screaming at people from a distance of 2 inches because of frozen orange juice, give it a break.
Also, in season one the fat guy is talking about talking with certain "Wall Street terms" or else people won't understand you. But when they talk like that, you can see the other Wall Street guys think "why are you talking like that!?".
He's a Loser who thinks he has a novel strategy of day trading short "over hyped" micro cap stocks. Too bad he cannot sell his strategy to anyone. Quote “I market it to rich people”…Duh. Oh and it's not because you are 25 years old.... Its because you are an idiot and can't hide it. I would love to know just how much of these stocks he actually borrowed because you can't short micro cap stocks! We'll never know because he's Elliot Spitzer's nephew.
Also is it me or did the Blond woman drop from another planet. I think she even asks the cameraman "what do you look for in a good equity manager?". She had the looks and persaonlity of a dry sponge.
There I'm done ranting. These individual snapshots of alleged "Wall St." personas make me sick. Thank God the only time they were on Wall Street was as a tourist. Stop putting this crap on TV.
you are a complete idiot. he turned 13k into 1.65mil in a very few years. Can you do that and in as short of a time as him? Probably not if you are whining about him on a forum. What is your market strategy anyways?
shareumm okay, hes only one of the top traders in the world under "30" (you can look that up for proof tradermonthly.com, one of the most respected and powerful trader magazines) and we can all turn 15k into 1.6 million right?? your logic simply just doesnt add up to true fact which in reality is just plain stupidity on your part. It's easy to critisize when all you do is talk and will never grow a pair to make any move in your life. your what Mr. Trump calls one of "lifes losers".
shareSykes is the man! Read his book it explains a lot more about his trades, etc. You're right about the blond chick on the show though. She's not very entertaining.
share[deleted]
You probably want to do a little more research on your statements. I'll help you along:
1) Tim Sykes is NOT respected in the Industry and not even recognized as a “Trader” just a circus act. Talk to a fund manager or anyone actually in the industry. Spend 2 minutes on an industry site (buy-side, securities, etc…). Not a media site pimping his book. Make sure you are looking at recent information on him & Cilantro (2007 & up). There is not excuse for his age; a punk is a punk.
2) He does not consistently make money. In fact, his fund is OUT OF BUSINESS. CLOSED. BLEW UP. NO MAS. Posted LOSSES. Which happened AFTER my post. You might want to look into that.
3) It is intriguing that you believe that you can short any stock so long as it is on up-tick. Not true. In fact some stocks you can short on a downtick (ETFs). The definition of selling short is "borrowing" someone else’s stock and sell it hoping it goes down in effort to buy it back (“cover”) at a lower price. It can only be done in a margin account; there is no shorting in a cash account. But you have to actually BORROW the stock. And pay for it.
Once you digest that you can look into Reg-SHO, Threshold stocks and non-borrowable securities. You can ask Timmy about those. I’ll save everyone the details, as this is entertainment site not a CNBC blog.
Dude, you Pwned that fool, nicely done.
This show probably has great appeal to people who aren't in the industry. I am, and it sounds like you are as well. The people on the show all seem like C teamers at best and they are jokes for the most part. I've only seen a few episodes, but the brokers are the most entertaining to me. These guys are simply car salesmen who happen to be selling financial products instead of cars. The idea that they are "on Wall St" is laughable.
street talk BS again. ask any fund manager and u get plain jealousy that a young kid who created his first hedge fund out of his dorm room the way zuckerberg created facebook. sure its hard work to be in wall street and takes years and years to get up and when a young "punk" comes in a blows everyone out of the water in a fraction of the time taken, u get a few jealous old farts dropping their jaws.
and so wat if his fund is dead or out of business or took losses? so did some of the richest people on earth took hits far worse. yeah sure he may act like a hot shot on tv disrespecting his childhood friends and mum. but he's on tv/magazines/websites while u are sitting in your chair with your thumb up your a$$ wondering why u can't turn 13k into 1.65m in 3 years?
ErnstBlofeld - well said!
I watched the show and started to laugh. It is a very poor representation of how Wall Street works. They focus on retail brokers and never on the institutional side. Also anyone can make claims that they turned a small ammount of money into millions. However, if they REALLY did, they would not have a difficult time raising money for their fund. I will add if Tim Sykes was respected his phone would be ringing off the hook with brokers wanted to cover him. I do not remember seeing or hearing one broker give him a call on the show.
Not to mention "Trader" magazine is a complete joke too (someone brought up the magazine on this blog). The magazine loves to bs salaries, I know one of the hedge fund managers who they listed as a top performer in 2007 personally. He made about 1/10 of the ammount of money they claimed he did one year.
I laugh at this show now days. I wonder how many lost all their money in 08. He (the apartment guy) lost $300k from his fund. Sure it went back up in 3 months but remember, he was investing in a BULL market.
I wonder how he did in 08. I bet he lost it all and so did his clients. Pretty funny actually when considering how he lived ($500 a week sushi habit). He's probably dancing on the street just to get a few bucks to get maccas