Trader Profile: Tim Sykes

10/18/2007 12:00 am EST

Focus:

Timothy Sykes

Author, An American Hedge Fund

Timothy Sykes is a twenty-six-year-old trader who freely admits that trading is tough. Yet, he turned $12,415 of bar mitzvah money into $1.65 million dollars — much of it after the "dot com crash" in 2000. Here, we talk about why he focuses on shorting micro-cap stocks, why he closed his hedge fund in order to write and trade, and why he tells his story in his book, An American Hedge Fund: How I Made $2 Million as a Stock Operator and Created a Hedge Fund. We talk about the challenges in finding enough stock to short and the type of homework he does in the evening to find trading opportunities for the next day. His Web site is TimothySykes.com and here is a link to his book
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