Interview of Timothy Sykes, former Hedge Fund Manager
Date: Sat, 03/15/2008 - 05:47
[url=http://www.timothysykes.com/]
[/url]Blog by Timothy Sykes - Stock Trader, Author, Entrepreneur.
Please tell our readers something about yourself?
Basically by trading thousands of penny stocks, I turned my $12,000 Bar Mitzvah Gift Money into $2 million in 4 years and managed the #1 ranked short bias hedge fund 2003-2006 before a lack of discipline caught up with me and I lost 1/3 of my assets just as my TV show ‘Wall Street Warriors’ was becoming very popular in 2007. This wild ride led me to write a book "An American Hedge Fund" to detail my story and lessons learned. It’s been compared to the classic "Reminiscences of a Stock Operator" so I’m pretty damn proud! I also have an instructional DVD called PennyStocking, the first no BS DVD aimed at teaching people to trade penny stocks
Since when are you Blogging?
Since November 2007, http://www.timothysykes.com scans the smallcap market daily for all potential plays
What is the effect of blogging on your social life?
I have no life anymore and that’s fine, thanks to all my success, I’ve lived enough, now it’s time to give back and teach openly and honestly
What is your motivation behind this blog?
To cut through all the BS in finance and show day trading can be profitable, if you understand what variables to look for
What topics do you explore in this blog?
Stock trading, penny stocks, basically everything stock market related
What are your future-plans with this blog?
To become Jim Cramer 2.0
Since you are a former Hedge Fund Manager, can you explain the importance of Hedge Fund in the USA?
Hedge funds are nothing more than mutual funds that are allowed to take on a variety of investment strategies. For that freedom, they give up their rights to freedom of speech. The SEC’s rules against talking to the press, advertising and detailing our businesses to anybody worth less than $1 million are anti-American.
Is there any political influence in Hedge Fund?
Yes, hedge funds make millions, they buy politicians and lobbyists for their own benefit.
What are the sites and blogs you browse often?
I use Yahoo! Finance, TheLion.com and InvestorsHub.com
Would you please share something for people who are in debt?
I’d say you guys are the scum of the world, I can’t sleep when I owe anybody even $20, you should work your butts off, sacrifice whatever else you’re doing and make your debts whole You’ll feel better and you’ll prove yourself worthy of doing business with.
Would you like to say something to our community members?
Never use leverage, never trust anybody and never think you can ever understand all the variables in any situation. Trade and do business scared and you’ll live a safer and happier life.
[/url]Blog by Timothy Sykes - Stock Trader, Author, Entrepreneur.Please tell our readers something about yourself?
Basically by trading thousands of penny stocks, I turned my $12,000 Bar Mitzvah Gift Money into $2 million in 4 years and managed the #1 ranked short bias hedge fund 2003-2006 before a lack of discipline caught up with me and I lost 1/3 of my assets just as my TV show ‘Wall Street Warriors’ was becoming very popular in 2007. This wild ride led me to write a book "An American Hedge Fund" to detail my story and lessons learned. It’s been compared to the classic "Reminiscences of a Stock Operator" so I’m pretty damn proud! I also have an instructional DVD called PennyStocking, the first no BS DVD aimed at teaching people to trade penny stocks
Since when are you Blogging?
Since November 2007, http://www.timothysykes.com scans the smallcap market daily for all potential plays
What is the effect of blogging on your social life?
I have no life anymore and that’s fine, thanks to all my success, I’ve lived enough, now it’s time to give back and teach openly and honestly
What is your motivation behind this blog?
To cut through all the BS in finance and show day trading can be profitable, if you understand what variables to look for
What topics do you explore in this blog?
Stock trading, penny stocks, basically everything stock market related
What are your future-plans with this blog?
To become Jim Cramer 2.0
Since you are a former Hedge Fund Manager, can you explain the importance of Hedge Fund in the USA?
Hedge funds are nothing more than mutual funds that are allowed to take on a variety of investment strategies. For that freedom, they give up their rights to freedom of speech. The SEC’s rules against talking to the press, advertising and detailing our businesses to anybody worth less than $1 million are anti-American.
Is there any political influence in Hedge Fund?
Yes, hedge funds make millions, they buy politicians and lobbyists for their own benefit.
What are the sites and blogs you browse often?
I use Yahoo! Finance, TheLion.com and InvestorsHub.com
Would you please share something for people who are in debt?
I’d say you guys are the scum of the world, I can’t sleep when I owe anybody even $20, you should work your butts off, sacrifice whatever else you’re doing and make your debts whole You’ll feel better and you’ll prove yourself worthy of doing business with.
Would you like to say something to our community members?
Never use leverage, never trust anybody and never think you can ever understand all the variables in any situation. Trade and do business scared and you’ll live a safer and happier life.