Beating Larry Williams record

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Well, yes, Zanger rode the internet
wave...

How much did he make since then ???

The best performance measure there
is, is to calculate the travel range
of the specific market and compare
the results of the trader with that;

Suppose the travel range is 100 points
and you make 10 points, then you made
10 % of that range.

If there is not much volatility in the
market, you will make less but
if the % of the travel range captured
is the same then you DID a good job.

So the question should not be
"How much % return did you make
on your capital" but "How much %
of the travel range did you capture"


Everything is relative, everything.....
 
When will the contest begin? I am curious to see the methods used in a methodology that is aimed almost entirely at capturing the largest percentage of the Market's volatility. It is very good target for a trader to aim at, but I am wondering how logic can be applied to gain the targeted results?

Anything is possible.
 
Riskless,



I am not going to elaborate on the spe-
cific method's but it goes from scalping to
swinging intraday...what else ....

Patience is a nice virtue...also in trading
......
 
Sabena, give us swine some pearls of wisdom as to how you capture a big portion of the daily range. Personally I use MOL and MOH orders to effortlessly capture the extremes, but this isn't available to little people. Do you have any secrets? :D
 
Quote from sabena:

Riskless,



I am not going to elaborate on the spe-
cific method's but it goes from scalping to
swinging intraday...what else ....

Patience is a nice virtue...also in trading
......
More...
Best of luck.

nitro
 
Minime, what are you saying ?

>>Do you have any secrets? <<

Now you have been around long enough to know that there aren't any secrets. :) :)

Or, as Ed Seykote said : "The secret is that there aren't any secrets"

Jack
 
Quote from freealways:

Remember the post about someone called Zanger who in 1999 reputedly turned $11,000 in savings into $18 million.


(Have a look at the following website which was mentioned on E.T.

http://www.chartpattern.com/news/fortune.html


If that is true then who shouldn't it be possible for Sabena ?

Jack
More...

in it it says he uses TA

GASP! you mean ppl can make money buy looking at charts? GASP

/sarcasm off
 
Interesting thread. About half way through from the beginning. I heard a talk by a guy named Ryan Jones, who some of you may know or have heard of. This was at the last Online Trading Expo held in Ontario, CA in I think it was 2000. Interesting enough, right after the talk I met Tony Oz for the first time just outside the building and he told us where there was a good Italian restaurant to have dinner. He was right - it was quite good. :D (Linking different elements of this thread) :D (This really did happen - He was giving talks at the Expo too - Ha) Anyway, Ryan's talk was about making $1,000,000 through proper money management. A very interesting talk. Talked about Larry and probability and money management, etc. Here are some links to his stuff:

The Trading Game: Playing by the Numbers to Make Millions
http://www.wileyeurope.com/cda/product/0,,0471316989,00.html
About which Larry Williams says:
"Ryan Jones is on the cutting edge of the most important element in the art of speculation—be
it stocks or commodities—money management." —Larry Williams
(This book can be bought at the EliteTrader bookstore here): http://www.invest-store.com/cgi-bin/elitetrader-bin/moreinfo.cgi?division=books&page=desc&item=10351

Make $1 Million in the Next 5 Years
http://store.ino.com/moreinfo/?FMV2813

The Secret to Making $1 Million in Five Years or Less (Advanced Course)
http://store.ino.com/moreinfo/?FMV2834

BTW, Ryan also said he himself has tried diligently to duplicate or better Larry's record and has never even come close. :D

PS Just saw your reference to Ryan right after I originally posted this big_jdez but no one picked up on it.
 
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