Monday, September 10, 2007

Book Review: An American Hedge Fund

If you are a stock trader or even just a regular investor that has an interest in stock trading, you will find the book An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund by Timothy Sykes a very fascinating read. He was the 18 year old who turned a $12,400 gift into $1.65 million in just three years, all from stock trading.

One of the things I like about the book is that he covers all his major trades in great detail, not just covering what he did and how it turned out, but why he chose to make the trades he did and what the decision making process was going into the trades. It's wasn't only the successful trades that he covers but the unsuccessful ones also.

He also gives a lot of biographical background, reviewing how he got interested in investing and how his success in trading led him to start his own hedge fund. His trials and tribulations of getting the hedge fund off the ground and bringing in new money is captivating.

This is a great book about trading; I could hardly put it down. This is right up there with Confessions of a Street Addict as one of my all-time favorite books about stock traders. Not only is it enlightening and interesting, but it is also entertaining. It will be released in October, but can be pre-ordered through

By Fred Fuld at

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