Beating Larry Williams record

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sabena

Guys,



With this I make the announcement that
1 january of 2003, I will try to beat
the record of Larry Williams when he turned
10000,-$ into 1.147.607,-$ in 1987.

Well, he never came anywhere close to this
record and he didn't make enough trades
to exclude the luck factor.

95 % of my trades will be daytrades. I will
make so many trades that the luck factor
can be excluded ; the law of the big numbers.

I will publish my daily results on my website.
It will be the broker who will confirm those
results or Mister Don Bright.
I still have to make the choice.
In 2004 I will let audit my results to
convince all.

I make the announcement before the performance
is achieved !
If you tell me that you will win the lotery
next week and you win it, then you must known
something more.......

So, all of you are invited to follow my
adventure !
 
that's not so hard, it's only 50% a month compounded for a year straight, us elitetraders can do that in our sleep, right dudes?
:D
 
DarkHorse,



If it's not that difficult then first learn
to count my friend.
60 % a month is already 109.95 times your
initially invested after 10 months.....
 
Originally posted by sabena
Sorry, my mistake I read 60 % a month....:0))
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you read right LOL

i did an estimate in my head then checked it on my calculator and changed it :D
 
To reach Larry's record, I should do 2 % a day
and compound my profits.

I will start out with more than 2 % a day
and as the capital starts to grow, I will
have a decrease in % return because of the
size.

If you only play with one futures contract
you will always be filled at the best bid or
ask, but with 100 contracts not....
 
Take a look at his trading records. Be prepared to do some huge position sizing. He risked > 20% of his account on each trade!!!!

Robert Tharp
 
Originally posted by rtharp
Take a look at his trading records. Be prepared to do some huge position sizing. He risked > 20% of his account on each trade!!!!

Robert Tharp
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that's not position sizing, that's suicide sizing :D
 
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