An American Hedge Fund: Tim Sykes
I like to read various trading books to keep sharpening my trading skills. You tend to pick up a trick or two or be inspired to improve your trading when you read any trading books. I was asked by Tim Sykes to review a proof of his book... so I obliged.
Join Tim Sykes on this exciting roller coaster ride that is stock trading. From baseball card trader to online stock enthusiast, to active day trader, hedge fund manager, reality TV star and trading educator he continuously adapts to changing markets: an important trading skill. No sound investment strategies to be found here!
In his new book "An American Hedge Fund", Tim Sykes successfully introduces the reader to his world of trading. The book is about the road he took from an online stock trader enthusiast to a hedge fund. He describes everything from the neurosis of the hours leading up to a market opening, to the ugly girls in his university campus to the depression that follows big losses in a captivating and entertaining manner.
If you're a stock trader, this book is a must read and a great addition to your library. Any trader will relate to many of his thoughts and insights into trading. Just have a read a few of these quotes from his book:
"It is gambling, but it is researched gambling."
"...many of my largest trading losses were due to a lack of discipline..."
The book starts at the beginning, giving details about his natural entrepreneurial abilities and his developing mindset in his youth. That was the time when he learned valuable lessons that would later shape his trading style.
"Working hard and staying focused was the key to my short term success,but in the long run, my obsession with winning led me to take short cuts that undercut any possibility for long term success."
From his youth, he also grew interested in stocks but also realised that because his starting capital was only $12,400, he can only effectively afford to trade penny stocks using a discount online broker. From there he had a streak of trading successes using his strategies. From a trader he continuously sought bigger ways to profit from the market and that's how he found himself in the hedge fund business and now in the trading education market.
Visit Tim's site where you can get a tip or two from him.
- What Are Broker Recommendations?
- Free Tickets to Trading & Investing Seminar & Expo ($18) Brisbane 2013
- Stock Calc App
- All About Warrants
- Introduction to Exchange Traded Funds
- Introduction to Exchange Traded Funds: Features
- Introduction to Exchange Traded Funds: Domestic ETFs
- Introduction to Exchange Traded Funds: International ETFs
- Exchange Traded Commodities
- Exchange Traded Commodities: In Summary
- How much Should I Pay for an Option?
- Options Trading: Time Value
- Options Pricing
- Why You Should Trade Index Options
- How to Weather out Flat Markets Using Options
- Australian Stock Scan
- Australian Online Share Trading
- List of Trading Books
- Interesting Thoughts about the Australian Dollar
- What's the Meaning of Hawkish?
- Do You Know How To Use the P/E Ratio
- Trading, Religion and Politics - Do They Have Anything in Common?
- Shares that are Volatile that Double and Half in the Short Term
- Telstra (TLS) T3
- Margin Call by E-mail
- The Cost of Holding a Position
- Lack of Disclosure: Compensation from ASX Listed Company
- Unrealistic Returns and Benchmarks
- CMC Markets Down
- Quality versus Quantity Forex Trading
- Woolworths 1H Sales $30.7bn up 3.2%
Date added 31-01-2013
- ASIC Fines CommBank's CommSec
Date added 25-09-2012
- Industry Super Network Calls to Ban High Frequency Trading (HFT)
Date added 22-09-2012
- NAB Launches Online Share Trading Platform
Date added 19-09-2012
- Reserve Bank of Australia Says 23 Countries Holding AUD
Date added 18-09-2012
- Australia Post Digital Mailbox
Date added 10-09-2012
- Winners and Losers of Trading for Week 2
Date added 16-01-2012
- 2012's First Week of the Best and Worst Traded Stocks
Date added 09-01-2012
- 2011's Last Best and Worst Traded Stocks
Date added 05-01-2012
- Best and Worst Pre-Christmas Traded Stocks
Date added 30-12-2011
- Trading Winners and Losers for Dec. 12-16
Date added 19-12-2011
- Best and Worst Traded Stocks for Dec. 5-9
Date added 13-12-2011
- Top 3 Best and Worst Traded Stocks
Date added 05-12-2011
- ASX Glitch Trading Halt
Date added 27-10-2011
- Worst Trade Stocks (and the Best)
Date added 06-08-2011
Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)