Customer Reviews

An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund

5 star:		(49)
4 star:		(15)
3 star:		(4)
2 star:		(2)
1 star:		(12)

 

 

I really do not like giving negative comments, but after reading the book and having been an active trader for over 6 years, I KNOW this book will not help anyone in their trading or yearning for insight or knowledge. I do not believe Tim is a very good trader, but was able to take advantage of a special time in history to accumalate great returns. He tries to argue that its the regulations of the hedge fund industry that hindered his ability to raise funds and hence limit his success. After getting stuck in a very bad Investment (not trade)his limited capital prevented him from taking advantage of other trades.........Well that was the blessing.

This is about nobody who spends the first half of the book trying to establish his credibility. He trades penny stocks, which pretty much sums up the book. I was looking for a book on the life of a hedge fund trader. Something similar to Monkey Business: Swinging Through the Wall Street Jungle (which is one of the best business books ever written). This book is definitely not like Monkey Business.

I have been in the investment management business over 10 years now and have read a lot of very good books about the industry, its players, and how to be a better trader. I thought I might learn something interesting by reading this book. I was so wrong. It is poorly written and contains nothing of any interest or value. I cannot believe I wasted the time and money. I promise you will never read a worse book in your life. It should be used as a case study on narcissism in any psychology class and then as kindling for the holiday fire.

I bought and read Timothy Sykes book, and i'm extremely disappointed. I was hoping to read an inspiring tale of growth, and it was the exact opposite. It really seems like Timothy has regressed over time. I was really shocked to read that he took such a big hit on a single penny stock, a rookie error if you ask me. But this is someone who supposedly had years of experience with trading, so I don't understand why Timothy showed such poor judgement.

I'm appalled to see that my first review of this book was deleted! I hope that doesn't happen again. I bought Tim Sykes book hoping for an inspiring tale of excitement and financial success, and I was very disappointed. To me, it was just another story of someone who made money during the bubble, only to lose much of it back recently. The person then turns to writing under the guise "learn from my mistakes".
To me, it's a very old story.
[..]

Don't waste your time with this book. It only deals with penny stocks and the author is way too arrogant and ignorant for his own good. I knew the book wasn't going to be good when I read the author wanted to let other people study for decades to become lower-paid doctors and lawyers. Mr. Sykes doesn't understand success in area of life, especially trading. Once the laws were changed to stop pump and dump scams, the author has lost a truckload of money investing. There are many books on the stock market about people that made money when the markets were going up and then were unable to make money when market conditions changed. I suggest picking out a book that deals with normal priced stocks instead of this tripe if this subject interests you. Basically, the author was arrogant, hit a hot streak, became too egotistical and overconfident, and now can't make money, even though he is supposedly smarter for having lost all of this money. There are several of these books out there. Nothing of value here.

Nothing new here for traders. But if you want to read the stock equivalent biography of poker's Chris Moneymaker, go right ahead and check this out at the bookstore!

Summary: Dot com. Got lucky. No skill. Can't win. No more.

There you have it. Save yourself twenty bucks.

It was a great story of how someone made a ton of money in the dot com bubble by taking big risks, thought he was qualified to run a hedge fund and got out before the looses and self realization of unqualification became too much.

Provides zero take away value or any insightful investing ideas beyond sticking to a game plan.

The best part of the book is how he tries to pump one of his failed investment Cygnus (CYGT). The stock currently trades on the pink sheets for .055. Further proves that he knows nothing about business and how to read and evaluate a business plan.

Author is increadibly arrogent and not worth anyones attention or anymore of my time writing this.

Terrible. F!

An American Hedge Fund is an inspiring read for anyone interesting in investing in, or trading stocks. Timothy Sykes explains in detail his path to creating wealth from an initial investment of a little over $12,000. He also explains his experiences in starting and operating a hedge fund. He puts it all on the line explaining the rules and regulations that govern the industry. And he's not afraid to tell it like it is. An American Hedge Fund is definately a "Buy" "Buy" "Buy."