So Tim Sykes sent me a pre-lim copy of his new book, An American Hedge Fund .因此,添赛克斯寄给我的前廉的副本,他的新书, 美国的对冲基金 It was released October 1st, I received it in September, but since everyone was posting their review on the 1st of October, I thought I’d help him out and give a little hype once the big boom of press releases and blog reviews fizzled off a little bit.据公布的10月1日,我收到它在9月,但由于大家都张贴他们的检讨对10月1日,我以为我要帮助他,并给予少许的炒作后,大繁荣的新闻发布和博客评语告吹小康一点点。

You may have caught Tim Sykes on CNBC in random interview spots midday or his appearances during CNBC’s 1 million dollar stock picking contest.您可能已经陷入添赛克斯就在CNBC的随机采访点,中午或他的外表在CNBC的1亿美元的选股竞赛。 He was a guest contributor a few times.他是一个客户的贡献几倍。 Maybe it was the obscure internet show Wall Street Warriors where he was one of the stars?也许,这是模糊的互联网显示,华尔街的勇士,他是一个星呢? I saw him on CNBC.我看到他对CNBC的。

The story goes like this, the dude turned $12,000 of his bar mitzvah cash into more than 2 million bucks (give or take a few hundred thou - my memory is squishy).故事是这样的, dude拒绝一二〇 〇 〇美元他的酒吧mitzvah现金到200多万雄鹿(给予或需时数100你-我的记忆是s quishy) 。 Without commissions thats a 16566% return.未经委员会这就是一16566 %的回报。

Tim took monster risks and really put his money to work everyday.添了怪物的风险,真正把他的钱,每天的工作。 Buying big lots of penny stocks during the 1999-2000 runup.购买大很多的细价股在1999年至2000年runup 。

Tim, like many stock bloggers and other people out there, developed his own “systems” and found patterns that worked for him.添,像许多股票博客和其他人在那里,发展自己的“系统” ,并发现模式,为他工作。

The book then chronicles Tim’s move into starting his own hedge fund.这本书,然后方志Tim的迁入开始,他自己的对冲基金。 Now, anyone who is obsessed with the market and achieves dramatic returns such as what Tim experienced is naturally going to feel some invincibility.现在,谁是痴迷与市场和达到戏剧性的回报,如什么添经历,自然是会感到有些不可战胜。 I have to say I would probably want to do the exact same thing.我必须说我可能会愿意这样做完全一样的事。 I actually want to do the same thing now and I’ve never turned 12k into 2 million.其实,我不想做同样的事情,现在和我从来没有拒绝12k到2000000 。 However, the “don’t talk about your hedge fund” rules have me wanting to stick to my desk for awhile longer.不过, “不要谈论你的对冲基金”规则我要坚持我的办公桌一段时间更长的时间。

He danced around explaining a successful pattern/trading strategy (however crazy it may be to me) that worked amazingly well.他跳舞,周围的解释,一个成功的模式/交易策略(不过疯狂,它可能会向我)表示,令人惊讶的工作。 Then he has to adapt to realizations that his current strategy needs to change as the market topped and turned down.然后他以适应实现,他目前的策略需要改变,随着市场突破和拒绝。 His shorting only strategy probably accounts for his poor performance in 2003; One of the best uptrends in market history.他抛空的策略可能只会占他的表现欠佳,在2003年;其中一个最好的uptrends在市场的历史。

Why I related to this book and why you might too为什么我有关这本书,为什么您可能过于

For the last 7 years I’ve been building systems and creating lists of workable/successful patterns and I continue to do that everyday.在过去七年我一直在建筑系统和创造名单,可行的/成功的模式,我继续这样做,每天。 Like Tim I’ve had to adapt over the years when some crazy system I trusted blows up.想添我已适应多年来,当一些疯狂的系统I值得信赖的打击。 In 2002 I had a system that produced 100% gains inside of 5 months trading index funds.在2002年我有一个系统,产生的100 %的收益内5个月交易指数基金。 By the time the year was over I gave back 90% of those profits, however, I was hooked.由时间,今年是超过我给回90 %的利润,不过,我是迷上了。 I knew inside those 5 months that making incredible gains was possible.我知道里面那些五个月作出令人难以置信的收益是可能的。 You really felt Tim’s excitement as he talks about the different trades and how the gains were piling up fast.你真的觉得Tim的兴奋,因为他谈到了不同的行业,以及如何收益打桩快。 This struck a chord with me.这是一个与我的共鸣。

Simplicity.简单。 Tim made these mega gains utilizing simple methods.添,使这些大型的收益利用简单的方法。 For the last 2 years I’ve thrown complexity out the window and have focused on simple trading methods and I’ve never had more steady success.在过去的二年我扔的复杂性窗口,并已集中处理一些简单的贸易方式和我以前从来没有遇到过更稳定的成功。

Hope . 希望 If you’re like me, you need hope to continue the search and to continue building systems that can beat the market.如果您和我一样,你需要希望继续搜索,并继续建设系统能战胜市场。 Without hope that it can be done, you might as well pack it in and invest in a mutual fund.没有希望,这是可以做到的,你可能会以及包,它在和投资于一个共同基金。 For many people this will be a much more profitable strategy.对很多人来说这将是一个更为有利可图的策略。

Once you find a successful trading system like Tim did you also need to act on your signals that your system gives you everytime.一旦您找到一个成功的交易系统一样,添你也需要采取行动,您的信号,您的系统可让您每次。 Tim did that at almost every juncture.添做,这在几乎每一个时刻。 If he didn’t act when he did, he probably wouldn’t have published a book on how he turned 12k into 2 million, and I wouldn’t be reviewing it.如果他不采取行动,当他那样,他可能不会有出版了一本书就如何他拒绝12k到2000000 ,我将不会进行检讨。 Huge lesson for anyone - if your system is good, follow it.巨大的教训,任何人-如果您的系统是好的,追踪它。

While most wannabes twiddle away backtesting strategies and utilizing paper trading accounts, frozen with fear of ever trading with real money, Sykes shows how executing a game plan is extremely profitable.而最想要的旋转远离backtesting战略和利用纸张交易帐户,冻结与恐惧不断的贸易与真正的金钱,赛克斯显示了如何执行一个游戏计划是非常有利可图的。 Every stock blogger should read this book.每一个股票的Blogger应该阅读这本书。

Other items I found interesting其他项目,我发现有趣的

The hedge fund industry.对冲基金行业。 I don’t know much about it other than they make big bucks.我不知道不多,它比其他他们赚大钱。 I didn’t realize all the rules and red tape.我没有实现的所有规则和繁琐的手续。

How supportive or not supportive his family was.如何支持或不支持他的家人。 My mom still says to me every once in awhile, “Why don’t you stop that trading stuff.” She only remembers the year I gave back 90% of my profits.我的妈妈仍说,我每一次在一段时间, “你为什么不阻止这种交易的东西, ”她只记得今年我回到了90 %的我的利润。

What the book lacked什么书缺乏

Specifics on the trading strategies.关于具体的营运策略。 The strategies were cloudy at best, however, that really may have been the way Tim traded, or he just didn’t translate that part of his memory onto the pages.该战略多云最好,不过,真的可能已被添的方式进行交易,或者他只是没有翻译的部分,他的记忆上的页面。 Moreover, he may have been saving the specifics for his new DVD where he lays out the patterns.此外,他可能已经节省具体为他的新的DVD ,他列出的模式。 Doh.卫生署。

Order your own copy of,为了您自己的副本, Timothy Sykes提摩太赛克斯 , An American Hedge Fund一美国对冲基金

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