Larry Williams Million Dollar Challenge

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Quote from puretruth:

Ok, sounds good,looking forward to this..


Organizations such as the one you represent (puretick) would do well by following lw lead. Even the hypnotic eyeballs would suit alex and your team well.
 
Quote from Zentrickster:

Organizations such as the one you represent (puretick) would do well by following lw lead. Even the hypnotic eyeballs would suit alex and your team well.

Nothing could be further from the truth...

Have you seen all my posts slamming puretick ?

Have you noticed how quiet Alex has become ?

Alex doesn't have a single profitable statement to show unlike LW

Please, leave PT out of this thread...
 
Quote from vikana:

Larry Williams sent me copies/screenshots with many days worth of trades. The data includes account information and individual trades with lots of supporting data.

I'll post in more detail in a day or so, but I can already confirm that Larry Williams is NOT a one-lot trader as some here suggested. From a brief scan, individual trade P&L range from -20k to +100k and he trades lots of different contracts/markets.

More in a day or two incl. a screen shot.



The guy is a hell of a marketer.

Are you going to keep advertising him for free ?
 
Its not the mod doing the free advertising its you people. I just don't understand what you have against the guy. He has already said that he makes money and loses money trading. He teaches the stuff that he uses when he trades and tells people that his methods might not work in the future.

He has put up a contest with anyone that wants to trade against him and he has also done that a few years ago on this board. So after 5 or so years, the same people are barking at him saying this and saying that, but no one is willing to bite him.

He said he is willing to post screen shots of his trades to anyone that asked. He has admitted he has made mistakes and has blown out some accounts. WTF do you want the guy to do?
 
Quote from puretruth:

Now, his results for 2009 ?


2009emini.jpg


- $ 1618 or -32.36 ES points


I made +29 ES points so far , damnit, maybe I should take the challenge if TD won't ... LOL

Since jan 2008 : LW made 111 S&P points , about 1 tick/day

Interesting to see if there are any Et'ers wanting to correct these figures.

I was going to say that it's close to impossible to screen watch for 20 years and not come up with a way to beat the market substantially, but then I remembered watching a LW video where he explained how he stalked a trade and when it was placed he let it run.

So when it comes to experience I count it by the number of trades made and the amount of screen time spent. Someone can have 20 yrs experience on longer swings but it equates to less than 1 yr of trading at the 1 min level.

Unless you have MM tricks up your sleeve these kind of returns don't put bread on the table. Marketing or flipping burgers is essential for survival.
 
"He is the most highly regarded and well known short term trader in the world.
No other futures trader is as accomplished as Larry Williams."


http://ireallytrade.com/aboutlarry.htm


lwspemini.jpg

2009emini.jpg


LW : 111 points


I had a look at all the ES systems offered by striker.com for the same period or less
They post actual results for their systems, you have to sign up to see those.


Brigade ES : june 2008 - aug 2009 : 391.53 points

Archer ES : jan 2008 - aug 2009 : 159.66 points

Battalion ES : jan 2008 - aug 2009 : 201.91 points

Charge Indices ES :jan 2008 - aug 2009 : 390.91 points

Compass ES : jan 2008 - aug 2009 : 196.49 points

Countertrend ES : dec 2008 - aug 2009 : 189.32 points

Earlybird ES : march 2008 - aug 2009 : 269.9 points

GINA ES : may 2009 - aug 2009 : 178 points !!!!!

Impetus ES : jan 2008 - aug 2009 : 226.24 points

LAXMI ES : sept 2008 - aug 2009 : 169.25 points

RAM ES : aug 2008 - aug 2009 : 168 points

Saturn ES : sept 2008 - aug 2009 : 295 points




12 out of the 28 ES systems or 42 % make more points than our most accomplished trader...




Ya gotta love the hype of those gurus...:)



P.S. We, elitetraders love you, Larry
 
Quote from puretruth:

[They post actual results for their systems, you have to sign up to see those.


Brigade ES : june 2008 - aug 2009 : 391.53 points

Archer ES : jan 2008 - aug 2009 : 159.66 points

Battalion ES : jan 2008 - aug 2009 : 201.91 points

Charge Indices ES :jan 2008 - aug 2009 : 390.91 points

Compass ES : jan 2008 - aug 2009 : 196.49 points

Countertrend ES : dec 2008 - aug 2009 : 189.32 points

Earlybird ES : march 2008 - aug 2009 : 269.9 points

GINA ES : may 2009 - aug 2009 : 178 points !!!!!

Impetus ES : jan 2008 - aug 2009 : 226.24 points

LAXMI ES : sept 2008 - aug 2009 : 169.25 points

RAM ES : aug 2008 - aug 2009 : 168 points

Saturn ES : sept 2008 - aug 2009 : 295 points
LOL, I don't believe the performance of these systems (or stricker) for one minute!

LOL some more, like you said, "you gotta love the hype of these gurus". :p :D
 
Quote from jrlvnv:

Its not the mod doing the free advertising its you people. I just don't understand what you have against the guy. He has already said that he makes money and loses money trading. He teaches the stuff that he uses when he trades and tells people that his methods might not work in the future.

He has put up a contest with anyone that wants to trade against him and he has also done that a few years ago on this board. So after 5 or so years, the same people are barking at him saying this and saying that, but no one is willing to bite him.

He said he is willing to post screen shots of his trades to anyone that asked. He has admitted he has made mistakes and has blown out some accounts. WTF do you want the guy to do?
Larry seems to be willing to do everything except provide a simple, full and proper real-time trade journal for even a short while. And it seems almost everyone here is willing to look the other way or give him the benefit of the doubt. Such kid glove treatment from rough and tumble ETsters for the self-proclaimed "most highly regarded and well known short term trader in the world." The Million Dollar Challenge guy is unwilling to post a simple, unfettered real-time trade journal despite all the time he has spent here, and you just give him a pass. You guys are holding each other to a higher standard than you are the man who essentially claims to be better than you ("the most highly regarded and well known short term trader in the world."), and he's right here, smugly posting away with impunity. Go figure.
Quote from Thunderdog:

If I may make an observation here. It seems that the people who found Larry are not unlike the people who found religion. They are afraid to question their faith with critical judgment because the façade might chip. And then where would they be? Perhaps that's why the Church of Larry didn't feel obligated to pay income taxes...
 
Quote from MandelbrotSet:

LOL, I don't believe the performance of these systems (or stricker) for one minute!

LOL some more, like you said, "you gotta love the hype of these gurus". :p :D


Those ACTUAL, not hypothetical results (like most other report) are reported by a broker named Striker based on results of accounts with them, not by some self-hyping guru.

Striker has a clean record with the NFA

http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0277685&rn=Y


Ya gotta love idiots like you ...


Maybe you can help with naming the other contest(s) Mr. Larry won ?




This was on LW's website om march 2006 :

"Larry Williams has taught thousands to correctly trade the markets, WON MANY TRADING CHAMPIONSHIPS, and has been the only futures trader in the world to repeatedly trade $1 million of his own money live at seminars around the globe."

http://www.elitetrader.com/vb/showthread.php?s=&threadid=65159&perpage=6&pagenumber=27
 
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