My First Magazine Cover and a New Challenge Begins
This post was guest blogged by Timothy Sykes, Wall Street warrior and the author of An American Hedge Fund.
I’m incredibly proud to announce that after reading my debut book An American Hedge Fund, YOUNG MONEY Magazine decided to make me their cover story for their November 2007 issue! The article is called Wall Street’s Bad Boy, which I love, so definitely check it out. This week, my book has also helped me get cover stories on two of my hometown papers The Connecticut Business Journal and The Waterbury Republican-American. Here’s a tip, if you ever get the chance to write a book, do it and write it honestly–it’s amazing how well people respond to honesty, whether it makes or breaks your reputation. It’s even more incredible to discover that many people have trouble understanding how finance and writing from the heart could ever go hand in hand. Well, finance is no different than any other profession or hobby where if you love what you’re doing and you’re willing to learn and adapt in the pursuit of success, you’ll succeed even if you fail because you’ll be able to understand the greatest happiness stems not from the end result, but from the process itself. (Yup, I majored in philosophy in college)
With that in mind, I’d like to tell you about a project I’ve been thinking about for a while now, but only after I closed my hedge fund on October 1st, have I been able to put all the pieces together. (which, in itself, is a sad commentary on the state of industry regulations)
What I plan to do is start all over again and repeat my original feat. I’ll begin with the same $12,415 in Bar Mitzvah Gift Money I originally received back in 1999 and trade my way back up to $1.65 million dollars for a second time. I believe that everyone should be allowed to learn about financial speculation, but people need to understand the markets better instead of being fed thousands of random stock picks. The goal is to help everyone learn by laying everything out there and breaking it down to the basics and i have a feeling I might enjoy proving all my naysayers wrong 
I’m calling this challenge ‘TIM’, short for Transparent Investment Management, but I’m not taking on any investors. None. Zero investors. This is all about me teaching people through my personal stock trading. You’ll finally be able to understand strategies like short selling and scalping - I know, scary stuff, but in time, you won’t think it’s very scary any more.
I’m going to describe everything I do on TimothySykes.com. I will not give out stock picks ahead of time, instead, I’ll show everyone exactly what I’m doing so you guys can watch and interact with me while learning my strategies. The key is that I’ll hold nothing back. My every move will be open to public scrutiny. I’ll be using a regular discount online brokerage account to prove that anybody can do it. Perhaps most importantly, I’m gonna make this game fun and entertaining. So when you read this email, the challenge will have already begun–this week will be tough for me since I’m moving into my new apartment on the UES, but definitely check my website next week and after that, too–I can promise you no other financial blog will be so detailed. This is gonna get wild!
- Posted in Investing
- 42 comments what's your take?
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If I had enough money to invest in a hedge fund I wouldn’t be reading blogs at 2:00am :lol:.
Reply to this commentGreat for publicity - if you actually make money
Congrats on the magazine cover, by the way.
Reply to this commentOn the first time i read the post title on my feedreader, i thought it was John. until i noticed the post author.
It was on my mind, John with his big smile and red crown on his head
Reply to this commentHah same here, I was like hah the evil made it again
Congrats to Timothy (TIM) for the cover, I like both titles Wall Street’s Bad Boy and The Rebel Millionaire
Reply to this commentthat should be a when and not an if.
I didn’t know that Alibaba.com was listing! Did you get your hands on any of those?
I don’t add many blogs to my rss but timothysykes.com gets a big tick
Reply to this commentSykes is the man!
Way to go, bro!
Reply to this commentThis should be entertaining. I will definitely be following this, and trying to learn a few things about trading along the way.
Good luck
Reply to this commentThe stock exchange is definitely intriguing. And, congratulations for making the front cover. It’s a great achievement.
Reply to this commentCongratulations !! I’ll definitely try to grab a copy to read.
Reply to this commentSick dude, I will definitely follow along
Reply to this commentyou sure are getting more popularity dude….
Reply to this commentTransparency is the next to money-ness?
Reply to this commentMr Chow sir would pwease adopt my bwog http://lamenews.blogspot.com/ it doesn’t each much
Reply to this commenti wanna make money 2
do it yourself.
Reply to this commentShould be interesting to watch.
Reply to this commentWe are going to start a site just to see if he makes money starting early next week at http://www.timwatch.com. I think it is going to be fun.
Reply to this commentCongrats on the magazine cover Tim, can’t wait to see the journey. Not sure if I really agree with “no other financial blog wil be so detailed” part of your post. There are many traders, including myself, who post every trade and actual profit and loss.
Reply to this commentI’ll be watching, can’t wait to learn about stocks and investing
Reply to this commentBig effort on the cover dude.
Reply to this commenthe deserve it
Reply to this commentI look forward to the detailed posts too. Let’s see what your strategies are. Exactly when will you be starting next week?
Reply to this commentInteresting post…I’m bookmarking this!
Reply to this commentSee, guest posters are good too!
I wonder how much market share you will pull away from Jim Cramer… Go Sykemerica!!! Boooyahh
Reply to this commentThat is a great move. I would be keenly watching your moves. Congratulations on your book as well as the cover page presence.
Reply to this commentIs that the key to sucess getting on the cover? It certainly is a step in the right direction, just like John’s guest appearance on LaPorte
Reply to this commentClick for Nick - The YouTube Effect = More Subscribers
Great writer!
Reply to this commentCongrats of getting the first magazine cover. Good luck with the whole process of making $1.65 million again
Reply to this commentI know Tim can do it again, take $12,000 and turn that into a big sum of money within several years.
This sounds like my kind of interest, and I’ll be very interested to see how this challenge turns out.
What most people, who do not trade full-time every single business day is that there is good money to be made, when u follow a strict set of rules and it is possible to have 70-80% of successful and profitable trades. Just make sure your 20-30% of losses are small.
My particular experience full-time trading stock and options, tells me Tim can win this challenge.
Good luck Tim, I’m behind ya.
Reply to this commentGreat idea for a site, and it’s a smart way to capitalize on all the publicity you’re pulling in right now. I’ll follow your moves for sure - best of luck to you!
Reply to this commentYeah…john have many of good idea…
Reply to this commentHis book was a decent read, but unless you are braindead you would realize he failed as a hedge fund. I think this is the time for me to stop reading John Chow.com after seeing Tim on here.
Reply to this commentLol! It figures that something like this would become available to me right when I’m falling out of love with stocks and falling madly in love with forex. Maybe I’ll just have to keep stocks as a mistress.
Reply to this commentYou’ll teach us how to be rich? Like you? WHoo Hooo!!!
Reply to this commentWell done on your book and getting on the front cover of the magazine. I love reading this kind of thing and I’ll be following your progress with great interest.
Hope you hit your target real quick and also help other people who want to learn about stocks along the way.
Reply to this commentYou look mean but I kick you to outter space if I meet you. Makin money don’t make you allowed to make stupid faces. Leave ur computerz and go get a life outside this BS.
Reply to this commentyoung money mag?/ never seen them on the stands.. here in So. Cali.. I might to special order it.. to put me on that cover. haha
Reply to this commentHey Chow, u look freekin menacen on dat mag.
Reply to this commentThis could be fun… time will tell.
Reply to this commenti’ll be following this one closely, lets hope you pull it off again
Reply to this commentTim sure is a character. This should be an interesting project to follow. I will be subscribing to his site
Reply to this commentPlease keep us up-to-date, this is a very interesting project!
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