Did One Of My Students Take His Own Life?
Posted by Timothy Sykes on Wed 15th of Apr, 2009 05:54:09 PMNasty little message board post going around and instead of suing the bastard, I blog about it (as it’ll probly get taken down on the original site) to show you what sick degenerates traders are:
Posted HERE on TheLion.com:
Trader takes his own life…(Article)
Reuters- A recent laid off stock broker took his life on what was suggested a series of desperate trades that wiped out his account. 24 year old Matt McCay reported dead yesterday at 2 a.m. from self inflicted gunshot wounds.
Police had noted that McCay’s apartment was filled with stock information and printouts from a website by trader and wall street personality Timothy Skyes whom McCay was said to emulate in mannerisms and trading behavior. McCay’s apartment was described as upturned, in chaos and smelling of urine.
McCay was also recently laid off from A.G. Edwards in Muskgogee, OK and according to some he put it all on the line with his last several trades with one of them being FAZ.
FAZ a triple leveraged financial ETF and it’s counterpart FAS follow indexed financial stocks and respond violently both positively and negatively in price, sometimes up to 25% in one day.
Mr McCay, was last encountered by family members whom he shared his massive loss story with. Matt’s Sister Sharon explained that he was ‘going short’ and that he ‘entered a position of FAZ’ in the mid 30s and was sitting at $9 a share the night he took his life.
“He was walking around ‘punch drunk’”, said his sister.
Another family member put it. “Matt would say something, and then a second later say the very same thing…then wander off for a drink”.
Mr. McCay’s total loss was not disclosed, but the family said it was between $1000 and $2500 all of which was loaned to him from his grandmother’s trust fund that he was going to get full control of by age 32.
Matt is survived by hi sister’s Sharon and Camy, and his parents Dan and Cinda.
At first, I thought “Oh jesus”, but after I did a Google search and thought about it rationally, I looked at the “author’s” other message board posts and found this post:
Re: Trader takes his own life…(Article)… LMAO Yes it’s bullshit. :D
Relax..it’s just a joke. Seeing if the board is alive. ;)…i made it up.
Sick, sick, sick…and more importantly, inaccurate as:
1. I NEVER trade FAZ/FAS, those who do deserve to lose all their money
2. As I preach time and again to my instructional DVD students, I cut losses quickly, or I at least try to. Those who don’t, again, deserve to lose.
3. Funny this guy makes fun of me for drinking, I can’t handle my liquor for shit anymore, no time to drink, no time to have hangovers, building a publishing empire based on good solid information…no way to cut corners and if I did cut corners, I’d deserve to lose all my readers (many finance “gurus” have ghost writers…I’ll never do that as I don’t trust interns/anybody else with any market commentary/trading information, this isn’t CNBC, I may be entertaining, but my content–esepcially TIMalerts real-time trade alerts…and this week only special offer) is actually useful!)
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $92,304 (644%)

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