Larry Williams Million Dollar Challenge

[MandelbrotSet]

Quote from Nattdog:

Larry is highly respected by some of the most successful CTA's, Commodity hedge funds, and private speculators out there. This is a stone cold fact. I have seen very close cousins to some of the strategies he has taught retail traders automated and traded by 1B+ Short term CTA funds.

As I said earlier in this thread, I have thoroughly tested almost every concept from one of his books, and I found a good number of them to be of high value. I have found those ideas profitable in real time trading. For those who know how to take a concept and refine it, his books are full of good trading ideas.

Larry has also been a great marketer of his information business. Anyone looking to increase their general business success could learn something from Larry's ability to communicate, teach, and market his business.

But hey, if you would rather be the smug critic, go for it. I know that can be satisflying. Personally, I prefer pragmatic profits.

Nattdog is one of the most decent and honest posters in this forum, so I think what he says is worth a second glance.

***

Hey, how about we have a trading challenge between Larry and T-Dog, will that work for you guys?

P.S. I see that topic has already come up, LOL (welcome to ET Larry).

 

[puretruth]

Quote from larrywms:



Thunderdog...lets go head to head trading, mano y mano. You vs me.

We each put up $100,000, trade it for 6 months. Then winner takes the other guys money. Anyone have a 50% equity dip he loses and the other guys wins.



Larry Williams

Looks like this "challenge thing" is typical for this LW character :

"Larry, if someone doesn’t want to trade against you it doesn’t make them a fraud, it just means that they have nothing they need to prove. It truly is only those that are not successful in life / trading that feel the need to prove themselves to others, I am not one of these people. Did you consider that perhaps the real traders out there do not want to publicly broadcast how much money they are making to boost their own ego? I know of one trader that made 360 million in the 1987 crash and he remains anonymous – obviously a trader with nothing he needs to prove. So what you are saying is that every trader in the world is a fraud if they don’t trade against you.

You obviously have a chip on your shoulder, perhaps you feel you need to prove yourself to others. I feel for you Larry, I truly do.


http://www.schoolofgann.com/Default.aspx?tabid=96"

 

[puretruth]

It gets even better , not only does LW resorts to deceptive practices, he also threathens people ....OUCH












"14 February 2005
Caloundra Police Department

Caloundra.

Dear Sir,

At 9.30am on 9 February 2005 I had a disturbing phone call from Larry Williams. He introduced himself, and asked if I had received his email to which I answered yes. He then asked me what I was going to about it, I replied nothing. The email refers to public information on my website about Larry.

Larry then threatened that he was coming to get me and threatened me with violence. He said he was coming “fight” me, and I take this very seriously as he is coming to Australia in June.

I don’t believe this man is mentally stable, and take this threat seriously.

Enclosed is a copy of the email referred to above, and a copy of the contact person who is bringing this man out from overseas.

The reason for this letter, is to advise you in writing of my concerns so you can keep this on file, and also so you can proceed with any appropriate actions for my protection.

Yours sincerely

David Burton


16 March 2005

Mr Larry Williams,
You telephoned me on the 9th February 2005, threatening to publicly ruin my reputation if I did not remove information about you on my website in my article “Gann Discredited”. I note also that in this conversation, you even resorted to threaten me with violence.

I have heard from people that you have been stating that I am a fraud.

Firstly, we both know that that is not true. Obviously, you are retorting to my not removing the truths stated on my website.

Secondly, if you believe that I am a fraud you should make an official complaint to the Australian Futures watchdog, A.S.I.C (www.asic.gov.au) and report the fraud to them.

I have a licence with A.S.I.C, AFSL No. 241371.

Larry, if someone doesn’t want to trade against you it doesn’t make them a fraud, it just means that they have nothing they need to prove. It truly is only those that are not successful in life / trading that feel the need to prove themselves to others, I am not one of these people. Did you consider that perhaps the real traders out there do not want to publicly broadcast how much money they are making to boost their own ego? I know of one trader that made 360 million in the 1987 crash and he remains anonymous – obviously a trader with nothing he needs to prove. So what you are saying is that every trader in the world is a fraud if they don’t trade against you.

You obviously have a chip on your shoulder, perhaps you feel you need to prove yourself to others. I feel for you Larry, I truly do.

As I am an honest and honourable man, I am prepared to help you remove this obviously weighty load you are carrying. I want to help you Larry – help you to remove the need within you to prove yourself. If you read “Magic Word” by W.D.Gann and practice what he is saying, you will see that he loves you and I am sure that you could learn to love as well. If you have any queries or require clarification on any point or theme within the book, I would only be too pleased to guide you through and be there to answer any of your questions.

I must also express my appreciation to you, as the attention that you have brought by attempting to ruin me has resulted in a 20% increase in hits to my site www.schoolofgann.com. Enquiries about my workshops has also increased. If you feel the need to continue your attempts to ruin me, it actually seems to be working in my favour. Such a great marketing strategy, if you would like some commission on sign ups to my courses just let me know. We could work something out, and I once again would be happy to help you out.

If you thought the rubbishing strategy was going to work, i.e. me lose business – you have overlooked one major point. You have mistaken me for someone who needs money.

Thank you once again Larry. I look forward to hearing from you so I can assist you in your greater understanding on “Magic Word” and any other issues you feel you need to attend to.

God Bless You!

David Burton

www.schoolofgann.com


Go NFA at www.nfa.futures.org in the U.S.A and www.asic.gov.au in Australia to see if people are licensed.My license is AFSL No. 241371

This is how Larry agent in Australia acts!!!!


QLD Police Department

Caloundra

On Thursday 21st April 2005 I received a phone call from a person who identified himself as “Tom”.

“Tom” advised me that he had done the “Safety in the Market” Gann studies and wanted to talk to me about Gann and other market issues. We made an appointment to meet at 10.00am at my residence on Friday 22nd April 2005. He also provided me with his contact number.

After this phone call, I had a chance to think it over. The more I thought about it, the more suspicious this man “Tom” began to appear.


I subsequently rang “Tom” back on the phone number he had provided 0418........ to cancel the appointment. When I called the number he provided, it went straight to a message bank from a lady called Lyn Hunt. I found out Lyn Hunt is the wife of David Hunt – the person who brings speakers to Australia – including Larry Williams.

“Tom” had said he was from New South Wales on School Holidays with his family staying at Twin Waters Novotel. I rang there and asked to be put through to David Hunt, and they did. I however hang up before the call was answered.

This “Tom” was obviously David Hunt. With all these problems that I have been having with Larry Williams, it is obvious that Larry had asked David Hunt and other people to visit me.

Considering that Larry Williams did threaten me with violence, as previously advised to the police, I feel this visit with “Tom” may have been a dangerous proposition.

These are not the type of people we need in Australia.

I now wish to pursue obtaining a restraining order against Larry Williams and David Hunt.

David Hunts Numbers 02 95274690, 02 95015373
and 0418638688

Yours truly,

David Burton


http://www.schoolofgann.com/Default.aspx?tabid=96



Ya gotta love these gurus....LOL




P.S. I thought I had it seen with Puretick...NOT

 

[volente_00]

puretruth, do you believe everything you see written on the internet ?


Do you really expect 2 guru's who are competitors to be best buddies ?

 

[volente_00]

Quote from larrywms:


Thunderdog...lets go head to head trading, mano y mano. You vs me.

We each put up $100,000, trade it for 6 months. Then winner takes the other guys money. Anyone have a 50% equity dip he loses and the other guys wins.

Ok, Thunderog lets see if you can do more than bark and spread false truths.

You hide behind some bogus name, have never written books, taught classes, just a dribble of negativity...so stand up and lets see what you are really made of.


Or just shut up and go away.

Larry Williams

I'd rather it be 10k and see you run it to 7 figures again.

 

[puretruth]

Quote from volente_00:

puretruth, do you believe everything you see written on the internet ?


Do you really expect 2 guru's who are competitors to be best buddies ?

Sure , I understand your point,(the accusations of DB could be made up,however all the rest I posted are FACTS) however those extracts from schoolofgann have been there for many, many years.
LW could have taken legal action a long time ago...


LW hasn't answered any of my questions so far ... (what does that tell you ?)

 

[volente_00]

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 ?



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

What we can infer is that Larry's strategy for trading a small account is not scalable when trading 7 figures.

 

[puretruth]

Quote from volente_00:

I'd rather it be 10k and see you run it to 7 figures again.

Me too and a lot of others...and this time LIVE using a platform like Strategy Runner that is able to send out signals ( they have a guru function that allows sending out your trades,signals)

The whole world will be able to watch, excluding any chances for fishy stuff that could have happened in that 1987 contest...

LW knows that 100K is a lot of money for the typical ET guy, just set the amount high enough and nobody will be able to accept the challenge DESPITE THE FACT that they could make more that 1 tick a day (you see how screwed LW is)

 

[puretruth]

Quote from volente_00:

What we can infer is that Larry's strategy for trading a small account is not scalable when trading 7 figures.

This was 1 of the questions to LW but no answers to any of my questions......

 

[Aok]

Ive written extensively about LW and cant figure out the vitriol against him.

He's as straight a shooter you're going to find in this arena.

That doesnt mean there isnt a little PT Barnum in him but at least he tells you that upfront.

Example, when Michelle won Robbins Cup she was 16! doing 15 hour days on Dawsons creek. Or whatever the hell that show was. In any case all she did was call up the broker and tell him to follow what the bond hotline was doing.

But there were plenty of people following the same hotline who got flushed.

Why? How?

Simple $ management. You have to THINK about things. Have a plan. And THAT isnt so simple.

LW taught me alot. One of the biggest things was how to think. Concepts not minutiae.

It's not enough to say "but on page 138 paragraph 3, line 4 it says do this"
and you follow it get flushed then say it not your fault.

It IS your fault. For not developing your own strategies from the starting point of another concepts which is how we all start out.

It IS your fault for following LW and blindly believing that his systems never lose.

Especially when he tells you he has so many other revenue streams from real estate to diet centers(back in the day) and yes, system promotion to guarantee his Christmas because you never know when you are going to lose.

Or when Christmas is going to come in the world of Trading. And that 90% of the guys in the room with you are going to lose. Mostly from lack of effort of thinking on their part and haphazard $ management.

Learn from LW: The good and the bad.

Dont try to be his clone. Or one of his sycophants. There are no gurus.

Good luck with the gangsters at the IRS Larry, and I hope Michelle can/has found some measure of peace.