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Wall St Warriors Show: What are they doing now?

  • #21
  • Jan 20, 2014 12:39pm Jan 20, 2014 12:39pm
Thanks for those links you're posting, I'll gonna watch it all.
  • #22
  • Jan 20, 2014 4:54pm Jan 20, 2014 4:54pm
Quoting bug
{quote} And yet he looks so professional in that video. Goes to show you that you really have to do your due diligence when investing, doesn't matter if it's a stock (Enron), hedge fund (Maddoff) or a bond (Argentina).
most scam artist look professional if not they wont get no clients.
  • #23
  • Aug 5, 2015 5:04pm Aug 5, 2015 5:04pm
Here is what happened to all of the "wall street warriors" featured on the show:

Just some highlight, one is a ponzi scheme runner that's serving jail time right now, one is totally bombed out and is now teaching and writing for financial website like TheStreet.com and another is not even a trader but an actress hired from craiglist.

http://pennystockwhizzkid.com/wall-s...-are-they-now/

Here is the detail about what happened to that big-shot hedge fund manager but had his mom clean his bathroom and make his bed and called her his personal slave.

http://gawker.com/302379/hedge-funde...on-wall-street

One word about all of them: LOL
Make your losses in demo. Earn your profits live.
  • #24
  • Mar 15, 2016 5:08pm Mar 15, 2016 5:08pm
Quoting Forexia
Here is what happened to all of the "wall street warriors" featured on the show: Just some highlight, one is a ponzi scheme runner that's serving jail time right now, one is totally bombed out and is now teaching and writing for financial website like TheStreet.com and another is not even a trader but an actress hired from craiglist. http://pennystockwhizzkid.com/wall-s...-are-they-now/ Here is the detail about what happened to that big-shot hedge fund manager but had his mom clean his bathroom and make his bed and called...
A lot of people on this forum are making a lot of flippant remarks without really doing their research. I can understand the hatred but Tim Sykes is doing very well. I've been following him for many years. Tim still trades Penny stocks and makes over $100K doing that (even though he isn't serious about it). His main business is teaching (which he openly says he makes $700K a year from). He doesn't do that because he isn't a success but because penny stocks isn't scale-able. Since he's dealing with penny stocks, there are major liquidity issue so the max he can realistically trade is about 2-4 million. Last I heard he took a 15K account and make over 250K to prove to his students that he can still it. He also mentioned on a video that he's more motivated to teach others since it feels better to get an average joe to make $500 of extra income than for him to make $20,000 on a trade.

I can't speak for the rest of the cast, although I know Guy did go to jail (since that was very public). Other than that the rest weren't scam artists or doing poorly like people are making out.
  • #25
  • Mar 15, 2016 11:53pm Mar 15, 2016 11:53pm
Quoting kosai
{quote} A lot of people on this forum are making a lot of flippant remarks without really doing their research. I can understand the hatred but Tim Sykes is doing very well. I've been following him for many years. Tim still trades Penny stocks and makes over $100K doing that (even though he isn't serious about it). His main business is teaching (which he openly says he makes $700K a year from). He doesn't do that because he isn't a success but because penny stocks isn't scale-able. Since he's dealing with penny stocks, there are major liquidity...
Some of the guys are legit I can tell and they are real traders. The Specialist in the New York Stock Exchange, the commodity trader guy who trades in the Chicago Mercantile Exchange and even that blond girl that interviews prospective fund managers and puts deals together but the rest's got fluffs. Tim Sykes' got his moment but he loses big too and notice he is making more money teaching and from his blogs than actual trading. Yeah he can spin it all he wants "wanting to see the little guy succeed". If he REALLY wants to help the little guy, the "average Joe" succeed, why is he charging $2000 for his courses and videos and memberships to his chatrooms? After all, the little guy is not the one with the money. If he really wants to help him/her out, why doesn't he do it for free if he's so rich? Right now, he's just cashing in on his media exposure from the show by creating some kind of persona and getting people sucked in to buy his stuff rather than building his wealth purely from trading which is what he's supposed to do. He is a TRADER??

Anyway the show was fun. Helped me pass the time.
Make your losses in demo. Earn your profits live.
  • #26
  • Mar 19, 2016 4:44pm Mar 19, 2016 4:44pm
Quoting Forexia
{quote} Some of the guys are legit I can tell and they are real traders. The Specialist in the New York Stock Exchange, the commodity trader guy who trades in the Chicago Mercantile Exchange and even that blond girl that interviews prospective fund managers and puts deals together but the rest's got fluffs. Tim Sykes' got his moment but he loses big too and notice he is making more money teaching and from his blogs than actual trading. Yeah he can spin it all he wants "wanting to see the little guy succeed". If he REALLY wants to help the little...
I understand your argument, and some parts I agree with. I understand that of people who can't be successful will just try and teach or some kind of scam or opportunity to get quick money. I've been following Tim Sykes long enough to know that isn't who he is. Firstly, he actually prefers teaching over trading. Trading isn't very fulfilling. I've been trading for 10 years, read about 60 books and use to spend about 14+ hour days doing it. My greatest satisfaction actually comes from teaching others. When you make a lot of money it frees you up to do what you really want.

As for why he would do it for free... I can understand the idea that if he's rich and only wants to help that he should do it for free but that's a silly idea. If you spent 5-15 years of your life studying something and make money would you take time away from work to teach for free? Of course not. Teaching takes at least 4-6 hours of his life per day. He makes dvds, manages several websites, manages alerts, talks with students, etc..etc..etc.. The other part is that the information he provides is valuable. With that same logic you may as well ask colleges or universities to become free or ask warren buffet to teach you how he trades for free. Tim Sykes took $12K and turned it into over $2 million dollars. Only the top 1% of people do that in the trading industry. Expecting him to do that for free is placing no value on him or his knowledge. The same as asking any top professional in their field to teach you anything for free.

As for the money he lost... he lost not using his strategy that got him from $12K to $2 million but buy "guessing" with the stock markets. He had unproven ideas and he found out they were wrong. He was dabbling with stock trading and it didn't pay off. By stock trading I mean non-penny stocks. He specializes in pump & dumps, which is very different from valuation and fundamentals trading.

Lastly, Tim Sykes does have a horrible image. He comes across as a sleazy car salesman with the way he talks and makes his videos. He does obnoxious things (many intentionally) to try and get attention. All that doesn't mean he's a horrible person, but most will jump to that conclusion (including myself if I didn't follow him for as long as i have). He use to do free livestream videos every week for free where he's go over his trades and answer questions. I got to know him very well. His image is bad but he's a very good person. He does a lot for charity and randomly gives away money to average people (can be seen on some of his videos).
  • #27
  • Mar 19, 2016 10:26pm Mar 19, 2016 10:26pm
Quoting kosai
{quote} I understand your argument, and some parts I agree with. I understand that of people who can't be successful will just try and teach or some kind of scam or opportunity to get quick money. I've been following Tim Sykes long enough to know that isn't who he is. Firstly, he actually prefers teaching over trading. Trading isn't very fulfilling. I've been trading for 10 years, read about 60 books and use to spend about 14+ hour days doing it. My greatest satisfaction actually comes from teaching others. When you make a lot of money it frees...
Calling his own mother his "personal slave" is NOT what I would consider as a "good person" regardless he's doing it on purpose to grab attention or not. You do NOT do that to the woman who raised you just to grab attention.
Make your losses in demo. Earn your profits live.
  • #28
  • Edited 5:04am Mar 20, 2016 2:45am | Edited 5:04am
Quoting kosai
{quote} Lastly, Tim Sykes does have a horrible image. He comes across as a sleazy car salesman with the way he talks and makes his videos. He does obnoxious things (many intentionally) to try and get attention. All that doesn't mean he's a horrible person, but most will jump to that conclusion (including myself if I didn't follow him for as long as i have). He use to do free livestream videos every week for free where he's go over his trades and answer questions. I got to know him very well. His image is bad but...
Walks like a duck, quacks a duck ... therefore it must be ... a giraffe ?
No, it's a duck !

Now let's apply this process:
does have a horrible image, He comes across as a sleazy car salesman, He does obnoxious thing, His image is bad
... therefore he must be ... a really honest businessman and outstanding individual?
No, he is a scummy scammer just out to make a buck!

He is made from the same mold as Greg Secker, Jordan Belfort, Tony Robbins, Jason Stapleton, Robert Kiyosaki, type ... absolute scumbags of the "get rich quick" neighborhood
Just to name a few....
  • #29
  • Mar 21, 2016 4:01am Mar 21, 2016 4:01am
Quoting Mingary
{quote} Walks like a duck, quacks a duck ... therefore it must be ... a giraffe ? No, it's a duck ! Now let's apply this process: does have a horrible image, He comes across as a sleazy car salesman, He does obnoxious thing, His image is bad ... therefore he must be ... a really honest businessman and outstanding individual? No, he is a scummy scammer just out to make a buck! He is made from the same mold as Greg Secker, Jordan Belfort, Tony Robbins, Jason Stapleton, Robert Kiyosaki, type ... absolute scumbags of the "get rich quick" neighborhood...
Nothing wrong with Tony Robbins. What he does is legit.
Make your losses in demo. Earn your profits live.
  • #30
  • Mar 21, 2016 3:35pm Mar 21, 2016 3:35pm
Quoting Forexia
{quote} Nothing wrong with Tony Robbins. What he does is legit.
How can he possibly be legit?
  • #31
  • Last Post: Mar 21, 2016 6:39pm Mar 21, 2016 6:39pm
Quoting Mingary
{quote} Walks like a duck, quacks a duck ... therefore it must be ... a giraffe ? No, it's a duck ! Now let's apply this process: does have a horrible image, He comes across as a sleazy car salesman, He does obnoxious thing, His image is bad ... therefore he must be ... a really honest businessman and outstanding individual? No, he is a scummy scammer just out to make a buck! He is made from the same mold as Greg Secker, Jordan Belfort, Tony Robbins, Jason Stapleton, Robert Kiyosaki, type ... absolute scumbags of the "get rich quick" neighborhood...
Been on FF for several years but this is the first time I wholeheartedly agree with you
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