Larry Williams Million Dollar Challenge

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puretruth, what am I missing here?

$49,605 @ $50/pt = +992.1 points
that's +82.67 points per month
or 4.13 points per day
all less 10% for slippage

That's not setting any records but it's better than a lot of other shams and losses are transparent. There are bad months, a lot of low profit months and a few great ones that pull the average way up.

At least the investor gets what they pay for - a roller coaster. LW gets to blow his trumpet and if he believes he is the worlds greatest, well he has good company here in ET.
 
Quote from puretruth:

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 ...
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LOL :D

Seing as how you're a former student of Puretick (and by association, obviously can't trade, and don't know how to learn how to trade for yourself), why don't you stick your money in one of those systems and see how it performs! :eek:

Please keep us posted, you little noob fuqstick. :p
 
Quote from Xspurt:

puretruth, what am I missing here?

$49,605 @ $50/pt = +992.1 points
that's +82.67 points per month
or 4.13 points per day
all less 10% for slippage

That's not setting any records but it's better than a lot of other shams and losses are transparent. There are bad months, a lot of low profit months and a few great ones that pull the average way up.

At least the investor gets what they pay for - a roller coaster. LW gets to blow his trumpet and if he believes he is the worlds greatest, well he has good company here in ET.
More...


I will help you , put up your glasses and then you should see that from jan 2008 till okt 2008 he traded the big S&P contract ,with the increased volatility Larry got scared and switched to the emini....


"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 the broker striker.com (specialist in automated systems) for the same period or less
They post actual results, not hypothetical fluff for their systems, you only have to register to see those.

clean record of broker Striker
http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0277685&rn=Y


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 self-hype of those guru's..
 
Quote from Xspurt:

...At least the investor gets what they pay for - a roller coaster. LW gets to blow his trumpet and if he believes he is the worlds greatest, well he has good company here in ET.
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The difference is that other ETers are usually held to account for their bluster. In contrast, many of you here are willing to give Larry a "greatness" pass. (How about those open positions, eh?)
 
Quote from puretruth:

I will help you , put up your glasses and then you should see that from jan 2008 till okt 2008 he traded the big S&P contract ,with the increased volatility Larry got scared and switched to the emini....


"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

Thanks, yes I did read that but got distracted. So 111 points. Yes that would make LW the world's most accomplished gambler, er I mean trader in the world.

When I watched the LW video his method was statistical, but in a similar way to how I know gamblers approach their game play. Trying to be fair, it didn't suit me because of the lack of control so I didn't attempt to verify the setups, but the logic looked like it would work until it didn't but there is absolutely no way you can anticipate when it will work and when it will breakdown. That is reflected in the results

But once again, if the results are posted then the investor knows the pain threshold involved.

The thing that impresses me is having such a positive self image after posting the results. A lot of boxing trainers would like to bottle that. (Ok so you got a bad beating and want to quit? Here, drink Larry's Pick Me Up and you'll be ready for training right away!)
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Quote from Xspurt:

...The thing that impresses me is having such a positive self image after posting the results. A lot of boxing trainers would like to bottle that. (Ok so you got a bad beating and want to quit? Here, drink Larry's Pick Me Up and you'll be ready for training right away!)
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I think Larry's Pick Me Up stems from his (unchallenged) vending activities. So unless you've got that going for you...
 
Quote from Thunderdog:

I think Larry's Pick Me Up stems from his vending activities. So unless you've got that going for you...
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larry was in the boxing business, and would likely give you a run for the money in a marathon, sport.

surf:D
 
Quote from marketsurfer:

larry was in the boxing business, and would likely give you a run for the money in a marathon, sport.

surf:D
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Yes, I heard he has great calves. Perhaps that's why your so enamored.
 
I communicated with a guy who worked at a futures prop shop and he told me that the top 2 traders averaged 2.3-2.6 points/day in the emini S&P in 2008,compare that to the 0.6 points/day for Larry in 2008
And those guys were trading 100-200 lots.
 
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