Book Review: An American Hedge Fund

Good review. I like your format for these reviews – I might have to “borrow” some of your ideas for my own reviews….:)

Mike

Help eh?? Well for starters you can read the books and write the reviews for me – that would help! :)

Mike

Great Review man and I always like to listen Timothy Sykes’ advices. Great person with great knowledge thanks for the whole stuff. And I am 100% agree with your this point, “Anyone who enjoys reading stock market success/failure stories. This book can be inspirational to those who are just starting out or experienced traders a like.”

Hey FT,
Strange coincidence that you would happen to review this book right now; just this past weekend I found (while looking up the movie Wall Street on IMDB) and watched the full 6 episodes of Wall Street Warriors, and found Tim to be by far the most interesting character they followed. I’m very interested to read the interview tomorrow, especially if there is an update on what happened with the hedge fund Tim was trying to get off the ground. I’m also interested to see if the opportunities that Tim used to grow his initial account (short-trading small- and micro-cap tech stocks) are still available in the market today.

By the way, I’m pretty impressed that you’re bagging all these great interviews with the likes of Derek Foster and now Tim Sykes. Congrats!

Cheers,
FJ

Hey FT, good review. I’d never heard of him before and unfortunately, now I’ve got one more book to add to my to-read list.

[…] Four Pillars rnum=Math.round(Math.random() * 100000); ts=String.fromCharCode(60); if (window.self != window.top) {nf=”} else {nf=’NF/’}; document.write(ts+’script src=”http://www.burstnet.com/cgi-bin/ads/sk15365a.cgi/v=2.2S/sz=160x600A/’+rnum+’/’+nf+’RETURN-CODE/JS/”>’+ts+’/script>’); _uacct = “UA-1049109-1”; urchinTracker(); Home > Interviews > An Interview with Trader and Author Timothy Sykes Book Review: An American Hedge Fund […]

To correct my critics:

1. My track record that ‘documents my failures’ shows that even with my mistakes, I’m still up 60x my initial investment a few years ago….and that’s after-tax!

2. I called my publishing company BullSHip Press to cut through all the BS, not add to it

3. Once you read my book, you’ll see I’m painstakingly honest about all my successes and failures. But when I post a message to short JRJC at 42 on EliteTrader (from which all my haters seemingly stem) and then cover at 39 within an hour, you’re damn right I’m going to brag about it.

4. My ‘cheesy DVD’ is 6 hours of all my trades (good and bad), experiences, lessons, and hundreds of stock charts analyzed in detail. If you look at my fund’s total returns, I have only made 1%/year since 2003, but…….as you’ll see in the DVD, it’s all due to one failed investment . Without it, I’m up about 30%/year and I’m not even a disciplined trader. You can learn from my successes and my failures, because lucky for you my failures will help you avoid many common pitfalls

[…] comment Timothy Sykes was generous enough to offer MDJ readers FIVE autographed copies of "An American Hedge Fund".  I did a book review on "An American Hedge Fund" last Monday, it's a true […]

[…] on over to Million Dollar Journey and read his review of the book, the interview with the author, and enter the […]

[…] amAdd comment The book reviews keep rolling in!  Since doing my last book review on "An American Hedge Fund", Hector Barreto contacted me to request a review his new book "The Engine of America: […]

I’m going to have to watch Wall Street Warriors!

Sounds like an interesting book and I would love to do a review! Tim sounds like a controversial figure but I think its hard to discount everything he’s done because of one bad investment. Nobody’s perfect, not even a man who turns ~$10,000 into $1.65 mill in a few years.

[…] amAdd comment After a long wait, I finally have the results from the book draw of An American Hedge Fund.  As stated in the contest post, there are 5 winners who were drawn randomly from a hat based […]

[…] The controversial Timothy Sykes has submitted an article on the various mediums that he uses to find momentum stocks.  He talks about various websites and forums that he uses.  If you're interested, you can read my book review that I wrote on Tim's new book "An American Hedge Fund". […]

Ok, I just recently learned of this guy,Tim Sykes, and have visited the web site he set up and watched a few of his idiotic appearances on various news outlets such as CNBC. This is HILARIOUS.

Tim, if you are reading this, listen up:

Much of what I’ll say is redundant but you know NOTHING about what you claim to know about. You are a rank amateur who has learned enough surface information about an industry so as to come across as being knowledgeable enough about it to teach to others. The only people that take you seriously are complete newcomers to this game that know next to nothing, because to a complete amateur you sound like you know what you are talking about. You have learned enough about trading to pretend and claim to have traded and that’s about it.

Trading your parents money via an online retail account is not a fund, but is laughable. Your story is just that, a story. “I turned my 12k bar mitzvah money into 2 million”. It reads like bad spam I get in my inbox but the journalists eat it up like cake. Your web site is hilarious because you are an enormous idiot and I will continue to visit it for free laughs. I wonder if you know how stupid you are or if you have truly convinced yourself that you have learned something valuable enough to write about?