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Posted 5 months, 16 days ago.

Timothy Sykes Refutes Some Blatant Lies, Typical Wall Street BS

Tags: Interviews, Press, Q&A, Rants, TIM Lessons

TIM $14,130, No Trades or Overnight Positions

Another quiet day in the neighborhood—ok, (APWR) and (COIN) spiked mid-day (TIM Lesson: never buy into mid-day spikes (especially in bear markets), wait until the afternoon; you’ll miss some breakouts, but you’ll also protect yourself from many random spikes/fakeout breakouts) —so after a somewhat wild night last night, I awoke around 11am to find 2 new articles written about me.

One, an interview by The Wall Street Transcript is hugely informational, somewhat boring and quite accurate. The second, by a retard (seriously), CHECK IT OUT, single-handedly proves my point that there are tons of idiots on Wall Street (lacking basic research skills) and soooooo much BullShip in this secretive industry that it’s sickening.

So, while I’d like to focus on the positive article, it’s this negative one that requires detailing because it’s all been a pack of lies. I guess I’ll just pick it apart lie by lie:

1. “He’s a D-class celebrity”
Isn’t Kathy Griffin D-list? If so, I’m definitely below her, so F-list is more accurate—actually I prefer “pseudo-celebrity”

2. “…pretended to be a millionaire while living in near poverty conditions”
LOL, this is too funny because this guy mistakenly believes that I live with my parents in CT (thanks for Zillowing their house though, I’ve been meaning to!)—sorry buddy, I live on the UES in NYC, last year it was a doubly expensive townhouse in the West Village and when WSW was filmed I was living in a Midtown penthouse (check out these WSW clips so you can see my actual apartment/living conditions!). Sure, my UES digs aren’t as nice as my former townhouse/penthouse (I’ll have a photo tour up shortly, or maybe video, what do you guys think?), but gimme some time, all my strategies need to do is turn some small-time trader into a millionaire and I should be back and more.

Swindler

Dude, you’re a freaken moron, I shouldn’t even have to waste my time on this, (but I gotta protect my honest name), I detail all my losses to help people understand losses are okay, they’re not the enemy, you simply need to learn from them! As for my millions upon millions upon millions (yeah $3mil is about what I’ve made since I started) in gains, the 40% tax rate sucks, but everything is audited and I’ve got boxes upon boxes of statements—basically ever major publication I’ve been in has gone through it all. TIM Lesson: Just because some people can’t wrap their little heads around me turning $12k into $2mil through thousands upon thousands of trades without the use of leverage, doesn’t mean it’s not true and more importantly, doesn’t mean I’m not gonna teach others to do better than me.

4. “…send an email to Timothy directly (sykes777@yahoo.com)”
Nope, wrong again, my email is tim@timothysykes.com

5. “Tim Sykes is sykic…the sykic swindler”
Clever (not), but my book, DVD and blog are all about honesty, honesty in gains AND in losses. It’s not about making random picks based on guesswork, it’s about finding and profiting from patterns that work while avoiding patterns that don’t work. Nothing works every time, but the key is understanding all the variables at play—not earnings, profits and CEO commentary (puke!), but breakouts/breakdowns, trading volume and the motivations behind all the players involved (market makers, day traders, pumpers, suckers, etc). People who have bought my book/DVD, please comment on this and prove me right!

6. “…the honest truth is that his family has a lot of rich friends”
Ha, I wish! I don’t get along with rich people, they’re far and away pretentious pricks! My best friends are middle and lower class as are my parents, aka the reason why I had such trouble growing my pseudo-hedge fund

7. “Exactly, he borrows money.”
Whaaaat, I hate borrowing! Even with all my mistakes, I still got about $600k in cash and thanks to all my losses, I won’t have to pay taxes for the foreseeable future. I even pay off my credit cards within a day or two of the bills because I don’t want to pay interest. The only debt in my world is a few friends who owe me some money and considering how long it’s taking them to pay me back, I’ll never loan money out again.

8. “…soon to be indicted”
Yes, please do try to indict me, I’ve got nothing to hide and it feels absolutely spectacular. I’m sure my book/DVD sales and website traffic will octuple if I get on CourtTV—bring it on!

9. “Sykes started a hedge fund which made so much money, that there’s no records or information about it.”
For all its losses and gains, it finished slightly positive over 4 years—pathetic on a risk-reward basis, but not bad considering how naïve I was while running it) The hedge fund industry isn’t exactly known for handing out free information, but my fund info is probly still up on some of those fund databases (but judging by your research skills, or lack thereof, you’re no accredited investor). Oh yeah and there is that little plaque I have from Barclays proclaiming my fund the #1 ranked short bias fund 2003-2006 (21% average annual return)

10. “…if he loses all of his relatives money”
My relatives won’t be investing with me anytime soon now wouldn’t I want them to. Fund management is not a game I want to play right now—too determined to teach others to profit from the patterns I have and avoid my pitfalls.

Here’s some advice to all you cowards-who-are-too-afraid-to-use-your-real-name-on-the-internet-because-you-know-you-ain’t-got-nothin’-on-me, don’t try to poke holes in somebody who’s ENTIRE business model revolves around brutal honesty!

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