Comments on: Update on Tim Sykes’ trading system

By: Michael Goode

Michael Goode — Tue, 18 Aug 2009 12:17:54 +0000

Jim — I am not being deceptive. I just assumed that people would actually look at his Covestor returns and compare them to the trades on his website. I assumed that they would then read about how Covestor accounts for trades. I guess I should assume that more people are morons like you.

It is not a flaw in the Covestor return; they just do not account for cash (they have their own reasons for doing this; it makes setting up their auto-trading platform easier). So the Covestor return would be accurate if Tim had used 100% of his trading account for each trade. How many traders do you know who would be up 3000% in two years if they went all in every time? Most would have blown up their accounts. Even accounting for risk (the standard deviation of his returns), Tim is ranked #1 on Covestor. http://www.covestor.com/rankings/portfolio?perf=risk&q=tgr&tf=si

By: Jim

Jim — Tue, 18 Aug 2009 02:55:27 +0000

His covestor percentile return is not correct and if you’re affiliated with Tim, you’d know that its not correct. You’re being very deceptive. Tim has publicly said that his covestor return is not accurate because he found a flaw in their accounting and has taken advantage of that flaw. Tim’s strategy may work but you’re a deceptive person and for that reason alone, I wouldn’t trust a dam thing you say.

By: Michael Goode

Michael Goode — Sun, 01 Feb 2009 16:47:20 +0000

I’ll take a look, Mark.

By: Mark

Mark — Sun, 01 Feb 2009 11:29:25 +0000

only if you get the time though

By: Mark

Mark — Sat, 31 Jan 2009 22:47:50 +0000

hey Michael check out SKX, let me know what you think. It’s around ncav

By: Yngvai

Yngvai — Thu, 29 Jan 2009 05:06:51 +0000

Hey, nice post on statistics in your other blog (I can’t comment there as I’m not registered with CAPS). As a published scientist and stats geek myself I love hearing discussions on stats and probabilities and how they relate to the things I’m interested in (like trading)

By: michael

michael — Sat, 24 Jan 2009 19:27:37 +0000

Yngvai – thanks. Although really good an not expensive is worthwhile, too.

By: Yngvai

Yngvai — Sat, 24 Jan 2009 18:35:40 +0000

Hear you’re headed to Seattle. I live in the Seattle area (Redmond specifically). You wanted good expensive restaurants. If you want the expensive ones, there’s the Metropolitan Grill downtown, Daniel’s Broiler on Lake Union, or Canlis on Aurora Ave North.

By: Timothy Sykes

Timothy Sykes — Wed, 14 Jan 2009 23:19:15 +0000

thanks for the honest post, u may be right on everything but TIMfundamentals is very important as it shows people not just the websites i use, but what specific info on the sites, my daily routine, etc.