Larry Williams

[themickey]

I agree!! Trading is easy!!
So where is your million?
Maybe you should be reading rather than wasting your time watching a chart and clicking buy and sell.
Ever add up all the time you spend trading and then figure out how much you are making per hour?

That was humourous

 

[Rams Fan]

Cant really blame his Williams % indicator, that may help some, I have used it some.

Williams%R is a favorite of mine. Most people don't ever take the time to learn what it is indicating and therefore never figure out its special magic.

I'm well aware that you don't read books but Darvas make millions back when millions were actually worth something. Did it reading week old newspapers and trading stocks.

An old copy of Darvas's book gave me my start. The only book anyone really needs to take $10K to a $1MM and beyond.

 

[deaddog]

Millions on the way, trust that!! ET will be the first to see my account when its there. I am making money in the futures market!!

Well good trading!!
Glad to hear the millions are on the way.
Any update as to when we might expect a full report? I know at one time you were in the red and then managed to get rid of the drawdown, how many contracts are you trading now?
When can we expect your book? (Big Grin Just kidding)

 

[deaddog]

Williams%R is a favorite of mine. Most people don't ever take the time to learn what it is indicating and therefore never figure out its special magic.



An old copy of Darvas's book gave me my start. The only book anyone really needs to take $10K to a $1MM and beyond.

Like O'Neils book I ignored that one because of the simple title. It's now one of the books I recommend to any aspiring trader. A simple strategy that still works today.

 

[doubledoubledoublecup]

Hello Frederick Foresight,

He gambled trading in 1987 and made $907,000 on the gamble trading. He won. Whatever he did to make that 11,000% in one year, worked.

So he is a good trader to me. Best I know so far. He almost made a $1million dollars. I am very curious what he did!

I know another two traders back in the 1990s who made $5million trading in about 2 months as well. This is trading to me. Get rich, or get poor.

Mr. Williams is a great trader to me.

P.S. I do not care how someone makes a $1million dollars in a year trading, as long as they do it. Even if the $1million is loss the next year trading. That is what trading is to me, pure gambling with experienced.

Larry William said it himself there's some luck involved, he didn't think anyone would come close to this result in the future, and he won't duplicate that again. He risked 30% of his account on each trade and compounded it, so he could easily blow up. He actually took huge drawdown from equity peak 2million down to 750,000 and worked his way back to 1 million.

I am sure he put away very small money to enter the competition, so still good money management by him. He is willing to lose everything in his small account in exchange for maximum gain.

Anyone who risk 30% of his account and do it long enough, I am sure he will end up broke. So stay real, none of that 10000% BS. But that said, if he risked 3% of his account on each trade, he would still end up with 1000% which is still impressive.

 

[tony.m]

All the fanboys keep saying how Little Willy made 1 million and ignore the fact that in the same year he lost 7 million dollars in a different account.

 

[Frederick Foresight]

All the fanboys keep saying how Little Willy made 1 million and ignore the fact that in the same year he lost 7 million dollars in a different account.

"Look at my right hand and don't pay attention to what my left hand is doing."

 

[comagnum]

All the fanboys keep saying how Little Willy made 1 million and ignore the fact that in the same year he lost 7 million dollars in a different account.

Larry said that a few of his clients lost 40%. For trend trading big DDs are the norm, not to mention that 1987 was a bloodbath. Dunn clients had a -35% DD.

 

[long]

"Look at my right hand and don't pay attention to what my left hand is doing."

I believe that he was trying to be safe with OPM while using maximum leverage and big risks with his contest account. Look at large funds today, they have several different programs running and some win big and some lose big in the same time period.

The coin toss comment is probably being take out of context. How you enter a position isn’t the factor that determines profitability. It’s how you manage it after you’re in. Knowing when to jump ship and when to take profits could make a coin flip strategy profitable.

 

[SimpleMeLike]

All the fanboys keep saying how Little Willy made 1 million and ignore the fact that in the same year he lost 7 million dollars in a different account.

Good Morning tony.m,

What's the problem with this?

The investors lost money in the market, they took a risk and loss.

Larry Willimans traded his own account and won. He was trading his own account with big risk something he can take.