Larry Williams Million Dollar Challenge

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if you would like i will gladly sent you current positions, etc.

I have never said 1987 was not a rocky road---it was---clearly.

and the fine of $6,500 or whatever..some 20 years ago...One fine 20 years ago. Stack that up to EDFMan, Merrill, etc.

but like i said i will gladly send current positions.

the track record is on my website using a one lot position size as that is what most my subscribers traded.

with respect to all

lw
 
Quote from larrywms:

I am amazed to see what people have written here that do not know the facts, have not take the time to learn them and delibertely attack my reputation.

Please allow me to set the record straight (one more time) ;-)

there was only one account i traded in the Robbins World Cup; that account was audited by the NFA and CFTC looking for that "second account'. If there was one--why oh why--would i have had an equity dip from 2,200,000 to 750,000 before trading it back to 1,100,000?

I trade; i trade thousands of contracts a month and will gladly send anyone that wants my open trades--any day you chose--so you can see I really trade and profitably.

Finally for naysayers; consider that 10 of my students have won trading championships as well as my daughter.

Please do not fall for or continue these malicious rumors.

larry Williams

Larry@ireallytrade.com
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How do you respond to Bill Gallacher's characterization of you in his book, Winner Take All? He takes you to task in his book with incontrovertible facts.

http://www.amazon.com/Winner-Take-A...=sr_1_2?ie=UTF8&s=books&qid=1251503885&sr=8-2
 
Quote from puretruth:

Mr. Williams,


Most people do not know ALL facts...

Let' see what they are :

You had an equity dip of 1,450,000 , that's about 64 % , you were lucky you had that drawdown after you made some good money ....

After your 1987 robbins worldcup performance,you started In July 1988 the Larry Williams Financial Strategy Fund The 1988 fund lost more than 50% of its clients’ equity in barely one year, as reported in the October 1989 issue of Futures magazine

In March 1989 the World Cup Championship Fund is started, managed by Larry Williams, Jake Bernstein and two others.
The 1989 fund also lost more than half of its original equity by May 1990.



You blew up your own fund in 1988 and another one in 1989 together with some others
How much million dollars of others did you lose ?


NFA fines Larry Williams for not reporting to potential clients that, while his personal account in a promotional 1987 contest was very profitable ( a gain of + $902,599 ), his managed accounts for clients lost substantial funds ( - $6,122,281 ). This constituted DECEPTIVE and unbalanced promotional material and disclosure statements.

lwjurik.jpg



AND YOU ARE SURPRISED THAT PEOPLE QUESTION YOUR 1987 CONTEST PERFORMANCE ???
Making big cashingo in your own account BUT LOSING 6 MILLION DOLLAR IN MANAGED ACCOUNTS AT THE SAME TIME ?


The World Cup Championship Fund in 1989 you started with Jake Bernstein(+2 others)

Let's see what we find about Jake :

"NFA FINDS BERNSTEIN USED MISLEADING AND DECEPTIVE PROMOTIONAL MATERIAL. Fined $200,000 and permanently barred from NFA membership. All appeals to NFA and CFTC failed.
http://www.nfa.futures.org/BasicNet/case.aspx?case=96BCC00015&entityid=0001782&contrib=NFA

Footnote -- Commodity Traders Consumer Report, a respected futures publication, tracked the trades Bernstein recommended in his $895 flagship newsletter. If you had acted on these weekly tips from 1988 through 1992, you would have lost money for five consecutive years (assuming typical transaction costs)."

jbjurik.jpg


http://www.jurikres.com/snake/lawsuits.htm





You trade thousands of contracts a month ?

Let's see how big you trade :

lwspemini.jpg


http://ireallytrade.com/trackrecords.htm

In october 2008 with the increased volatility caused by the financial crisis you switch from 1 big S&P contract to 1 emini S&P.
Is your trading account that small that it can't handle the extra volatility for just 1 contract ??

ARE YOU STILL A 1 LOT PIKER AFTER 45 YEARS OF "SUCCESSFUL" TRADING ?


Timothy Sykes was so upfront to share with the public how much he made trading and how much as a vendor.

6 % from trading profits and 94 % from guru sales
http://www.elitetrader.com/vb/showthread.php?s=&threadid=171669&perpage=6&pagenumber=2

How much of your income is from trading and how much from sales ?

In 1987 you multiplied your trading account more than 100 times but what did you achieve in 1988,1989,1990,....till now 2009 ?
Are you net profitable over your WHOLE trading career ? (leaving out the blow ups of other people's money)

Why didn't you try to repeat your 1987 contest performance ?

Do you really need to convince people that much that you are trading by starting a website named "ireallytrade" ?

Please do not fall for the deceptive practices of these vendors !

Just setting the record a little more straight :)




P.S. Honestly,can we still be surprised that you have a tax evasion case running ?
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An excellent post.
 
Quote from dumbfuck genius:

ARE YOU STILL A 1 LOT PIKER AFTER 45 YEARS OF "SUCCESSFUL" TRADING ?
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Just for fun, let's assume he is. According to the 3rd party trackrecord he made almost 50K in 2008. If he did it with 1 lot that is 1000 points per year or about 4 ES points per day.

That is one helluve average, I say... :)

Of course doing the math never occured to you...Now go back and bitch about Puretick, you have a niche there...

Quote from Thunderdog:

An excellent post.
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Come on Thundy, you don't have to use your Pureshit alias... The Canadian ISP is recognizable from the bacon smell... :)
 
Quote from marketsurfer:

RT's biggest william's critic, Thunderdog is afraid to have you confront him with the facts, LW. I sincerely doubt he will show up here.

missed you at VN's stock talk this year, hopefully we will catch up next time you are in NYC.

surf
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Poor surf. You choose your trading colleagues about as well as you choose (and manage) your trades. Good luck with that.
 
Quote from Pekelo:

...Come on Thundy, you don't have to use your Pureshit alias... The Canadian ISP is recognizable from the bacon smell... :)
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Please try to curb your accusatory bullshit. I have only one name on ET. Ask Joe or whomever. If I have a single alias, I give you permission to have me banned. Moderators/administrators please take note.
 
Quote from marketsurfer:

LW's work on the COT report is particullarly eye opening.

I reccomend his book on this subject 100%


regards,

surf
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I have read this book and agree that it is good. However, his Picture Perfect Trading online course is centered upon one COT principle that is so simple and is so powerful, I cannot believe he revealed it. Unfortunately, it does not set up very often, but when it does, it works great.
 
Quote from larrywms:

if you would like i will gladly sent you current positions, etc.

I have never said 1987 was not a rocky road---it was---clearly.

and the fine of $6,500 or whatever..some 20 years ago...One fine 20 years ago. Stack that up to EDFMan, Merrill, etc.

but like i said i will gladly send current positions.

the track record is on my website using a one lot position size as that is what most my subscribers traded.

with respect to all

lw
More...

how about posting your Sharpe/Sortino and Profit Factor? Your other statistics?

Results mean nothing. Risk-Adjusted Reward means everything
 
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