Bullish at a Time of Extreme Panic (Larry Williams)

[zghorner]

A fairly large portion is man made panic, but it doesn't matter? At the end of the day, the global financial damage will be unfathomable. I'm mostly a technical trader and people say many technical tools are self-fulfilling prophesy, but at the end of the day, does it matter if they work?

People will have to come back out, but the real question is, what will they be coming out to, especially when there will be a severe lack of jobs for some time?

I'm an intra-day trader so I don't care too much what will even happen tomorrow in the markets. However, I am also very much looking forward to incredible investment opportunities, as should we all.

Well said man I agree completely.

 

[Zor_Champ]

New video from Larry (3/30/20):

So far his predictions from 2 weeks ago has held quite well
Doomers wrong as usual .

 

[schizo]

Looking back, Larry was right all along, he read the charts correctly FWIW!

ALL YOU NAYSAYERS, NOW GO SCREW YOURSELVES (so sez Larry).

 

[NQurious]

Looking back, Larry was right all along, he read the charts correctly FWIW!

I just saw this thread now and I'm not going to go back and re-read it, but I can tell you Larry's book How I made a Million Dollars Last Year Trading Commodities has some real gold buried deep inside it.

 

[formikatrading]

Larry isn't perfect but he's more right than wrong and better than most. The dude nailed the 2016 election bottom nearly to the exact point on the S&P 500 futures. Anyone who makes these kinda calls and also turns $10k into over $1M in a year (1987 World Cup Futures Trading Championship) deserves a certain level of respect.

 

[schizo]

Larry isn't perfect but he's more right than wrong and better than most. The dude nailed the 2016 election bottom nearly to the exact point on the S&P 500 futures. Anyone who makes these kinda calls and also turns $10k into over $1M in a year (1987 World Cup Futures Trading Championship) deserves a certain level of respect.

The bottom line is you don't say crap about a dude who you have no chance of beating. Just go back and read some of the above posts. Some don't even know who he is (seriously?!!) and yet have no reservation about unloading heaps of crap about the man.

But we know better.

 

[mrtimharrington]

Larry is an odd one, never been sure about him if I am honest and that guy from GFF posting in this thread does not really help in that regard.

Alas he has done some very impressive things in the past, like turning $10,000 into a million in a year during the World Cup in 1987. His daughter is the famous actress Michelle Williams who won the Robbins Futures World Cup with a 1000% return in 1997 at the age of 17, having been taught by her father - so the guy presumably knows (or knew?) what he is/was doing. His call here was also clearly a good one too, two or three weeks before the low (or at least, current low).

 

[S2007S]

Is there a way to find out the entire trade log of that 1987 competition from beginning to end? Was it ever posted?

 

[mrtimharrington]

I would imagine the chances of getting a trade log are pretty much zero.

There is another thread on here now that I think about it re Michelle Williams, as I said I have never been sure about Larry Williams, an interesting character for sure. He actually (assuming it is him) replies to the below thread;

https://www.elitetrader.com/et/threads/michelle-williams-commodity-trader-and-actress.245509/