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Biographies & Primers |
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An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund
written by Timothy Sykes
Studio : BullShip Press
by BullShip Press
Publisher : BullShip Press
Released : 2007-09-24
Availability : Usually ships in 1-2 business days
Number of Items : 1
EAN : 9780979549700
Avg. Customer Rating: (based on 68 reviews)
List Price : $19.95
Our Price : $13.00
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Product Description |
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$2 trillion is invested in the hedge fund industry, and yet, due to industry regulations, the general public knows little about them. This book will change everything. Timothy turned $12,000 of Bar Mitzvah gift money into $1.65 million trading thousands of stocks from 1999-2002, managed the #1 Short Bias Hedge Fund from 2003-2006, starred in the television documentary Wall Street Warriors, and appeared regularly on CNBC all before the age of 26. It's been a wild ride. This `Rocky'-like story is the first realistic look at the world of stock trading and hedge funds-it will educate and inspire everyone. |
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How I Wasted $15 on This Garbage |
Where to begin? All of the other people that have reviewed this book and given it a 1-star rating are spot on. Like everyone said, he got lucky during the dotcom bubble and doesn't know how to make money any more. I love the fact that he's obsessed with selling short while he has his hedge fund - then the arrogant prick has the audacity to blame industry regulations for this failures as a hedge fund manager. The definition of insanity is to keep doing the same thing over again and expecting something different - according to this definition, Sykes is definitely insane. I'm sorry, but if you can't make money with $2 million USD, how is having $10 million USD going to improve your trading?
More than anything, I'm angry. I normally find that I can rely on Americancivilwar's ratings for a book, but this one was a HUGE let down. I can't believe I wasted valuable time and money on this garbage. |
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Excellent Book!!! |
This book is awesome!!!! You will probably finish this book very quickly, because this book is very interesting and enticing.
Tim has taught me so much in this book! Tim cuts the "bullship", and teaches you lessons you will never forget. I am only 15 and recently begun playing the stock market, and thanks to this book I have avoided many beginner mistakes.
This book is truly amazing, I would recommend buying it for anyone even if they're not into finance! Tim has truly inspired me and he will inspire you too!
-Liam |
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Worth the read, but overall a bit underwhelming |
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I did enjoy reading "An American Hedge Fund" since the author is well-known in the daytrader community for turning $12K into $1.65 million when he was still in college and the story of how he did it is certainly worth the read. Timothy Sykes comes across more like a normal daytrader, as opposed to a true Wall Street insider. This makes him easier to identify with. However, this also does make the book a little less interesting since much of it just describes various penny-stock trades he did and his rationale behind them, which gets repetitive after a while. When I picked up the book, I was hoping either for material that would help improve my own trading technique, or maybe just an interesting story, but the book comes up a little short on both fronts. |
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Innovative, inspiring, honest... |
Tim's business model is simple - brutal honesty. His book, An American Hedge Fund, is just that, brutally honest. The finance industry is filled with corruption, manipulation, and arrogance of the highest degree. Tim's brutally honest story about his trading experiences (both good and bad), illustrates his character and supports his business model.
An American Hedge Fund gives its readers the opportunity to ride Tim's stock-market-roller-coaster-ride where he takes $12,000 and turns into $2,000,000. That by itself is both inspiring and motivational, but the book adds another dimension which I found to be even more stimulating; Tim's introspective journey. The psychology behind trading stocks is truly fascinating and first-hand experience can be truly humbling. The life lessons Tim learns from trading stocks, which he openly shares in his book, apply to all areas of life, which the reader will either identify with or learn from.
For someone who has never traded a stock in his life (me!), this book peaked my interest to learn the stock market. An American Hedge Fund will not teach you how to trade stocks or reveal secrets on how to become a millionaire. What An American Hedge Fund does give you is an honest story of how one person, Timothy Sykes, was able to defy the odds and achieve the American Dream.
I've read An American Hedge Fund twice and I highly recommend this book if you have any interest in the stock market or if you're looking for an easy read that's entertaining and honest. An American Hedge Fund brings a spiritual enlightenment to finance, which is really cool.
I`ve also ordered Tim's DVD (Pennystocking)and frequent his blog at [...]. I would recommend both as well. Tim's DVD is educational and his blog is honest. The short-selling strategy will only make a strong trader better and help a novice trader become successful in the markets.
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Good Insight into the Hidden Side of the Market |
Tim's book was an unexpectedly pleasurable read. Boy makes good, the "great American dream". Refreshing in the telling (and I must say, I agree with other reviewers, it does remind me of Reminiscences of a Stock Operator), it highlights the incredible euphoria and gut wrenching lows of penny stock trading. While not a trading manual, his downfall trade of Cygnus paints a quintessential story of a newer trader's education and downfall by letting emotions/ego take over and ignore the market facts. The fact is, the market doesn't care what you think. Get over it.
Tim's book is also a great read for its take behind the hedge fund curtain and market manipulation. When you finish this book you should know that the odds are stacked against you at all times, particularly as a small investor. Penny stocking is a risky business. Tim's book is the appetizer. Buy his DVD for the whole enchilada. |
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