Tim Sykes is a Better Trader than You. So Quit Whining and Learn from Him
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    Tim Sykes is a Better Trader than You. So Quit Whining and Learn from Him


    Author: The Geared Investor

    August 3, 2008




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    If you can turn $12,000 into $2 million in a couple of years time, then you don't need to be reading this article. But if you're like the rest of us, you should probably read on. I'm going to tell you about a young man who did just that, has run his own hedge fund, is the author of a DVD and a book, and now runs a highly successful website that is providing killer trading signals. His trading strategy is to find companies whose stock has gone on a big run for an unjustified reason (stock pumping on forums, websites, etc.) and short them at their peak. Although this might sound risky to some, if you look at his track record, you'll see that he is the highest ranked investor on Covestor, and you can see his ridiculous annualized return in the image below.
    Timothy Sykes on Covestor


    His name is Timothy Sykes, and he performed this feat of making $2 million dollars while he was a student at Tulane University. Now he'll be quick to tell you that he accomplished this feat while the market was booming. But I'll be the first to tell you that since he is still killing the market during this recession, I don' think it would have mattered. What does any young man do with that kind of money? Buy tons of cars? Blow it all on drink and company? Nope. He started his own hedge fund. Although I can't prove he didn't due the previous before he did the latter. Hey, you gotta have fun, or what's the point of killing yourself to make the money in the first place?

    His New York City based hedge fund, Cilantro Fund Management LLC, was booming from 2003-2006. It was the highest rated short-bias fund from 2003-2006 by Barclays. After a run of a few good years, he ultimately closed the fund in 2007 because of a sharp, biting loss that he later doesn't whine about as he describes this time in his book. Oh yeah, he started the publishing company for his DVD, book, and website also, rightfully named BullShip Press. When you can take your experiences, learn from them, and write your own book so others don't make the same mistakes, then you are truly a mature trader. Have I mentioned that Tim is only 27 years old? Tim is a little bit less than a year younger than me, and I would trade his resume any day for mine. Although I have had a doctorate for a couple years. Moving right along.

    I'm not going to make this post too long because his numbers are powerful enough. If you've been on almost every major investing show imagineable, Wall Street Warrior, and were named to the 'Top 30 Traders Under 30 list', then you've done alright for yourself. If you would like to see Tim in action, you can check out the latest version of his online TV show Livestock. Tim answers questions live that you ask via the web, and outline his reasons for trading the stocks that he does.

    I do not know Tim personally, although we are friends on Twitter and Facebook. I am not pitching his Tim Alerts service (Killing the market by the way), DVD, or book. I'm merely saying that you should check them out. I also know that once you do, even if you are nervous or don't like his style of trading, you'll see that it makes money. And isn't that the entire point of investing? Anybody who thinks differently probably isn't making money.

    So get ready for some unbiased and somtetimes brash opinions about Wall Street when you visit his site. And remember that he is a better trader than you, so fill up on a piece of humble pie before you dive in.




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