Steve Nison vs Al Brooks (who's the best marketer ?)

[Frederick Foresight]

I'll go search more about Larry Williams later and see what's amaizing with him , but this picture made my day thanks

You're welcome. Regarding Larry Williams, what Xela said, except that I don't think there are any "good things" about Larry. Someone recently asked why I didn't care for the fellow when I brought him up, and I posted the following:

https://www.elitetrader.com/et/thre...rofessional-trader.319792/page-5#post-4656004

You can certainly dig deeper and do more research, but I think we already know the outcome of this smell test.

 

[Jack1960]

Why not take the best it what these us teach and adapt it to your own style?

 

[punisher]

You're welcome. Regarding Larry Williams, what Xela said, except that I don't think there are any "good things" about Larry. Someone recently asked why I didn't care for the fellow when I brought him up, and I posted the following...

As Mark Fisher said during his seminars (in regards to how Larry had turned 10k into 1mil), Larry probably opened 30 accounts, wiped out 29 of them while managed to get 1 (by luck) to 1mil, so there are his bragging rights.

When reading one of Larry's book, what hit me was his statement that he decided to write a book to have "a steady stream of income". Well, if you pay attention to details you can figure out the facts on your own. If you don't, then feel free to believe whatever you want (including claims made on the book cover)

 

[Frederick Foresight]

As Mark Fisher said during his seminars (in regards to how Larry had turned 10k into 1mil), Larry probably opened 30 accounts, wiped out 29 of them while managed to get 1 (by luck) to 1mil, so there are his bragging rights.

That's one possibility. There are others...

 

[bizkitgto]

Steve Nison's Candlestick material is pretty good. I'd recommend it.

 

[volpri]

If they could get Larry Williams to join them, then maybe they could form a musical trio to delight their students.

ROFLMAO....I am a Brooks fan but this is hilarious..

 

[Pekelo]

Regarding Larry Williams,

Well, how many guru can say that their student won a trading championship?

 

[Frederick Foresight]

Well, how many guru can say that their student won a trading championship?

Yeah, too bad her old man can't come close to her performance despite his being the guru and his daughter being the dilettante. Ever since that questionable win that put him on the map decades ago, he has repeatedly lost client money and has only had lackluster performance, at best, over the years that he has been doing "actual live trading" during his seminars. If that doesn't raise any questions for you, then I suggest you visit his web site and let him lighten you up a bit.

 

[Pekelo]

I just love to rile someone up about his pet peeve... I know I am evil.

Yeah, too bad her old man

I didn't mean his daughter, she was just one of the many:

"Larry's student have often been winners of the World Cup Championship of Futures Trading. Andrea Unger has won three times now with a 240% return in 2010, 115% in 2009, and an amazing 672% gain in 2008!

In 2010, Brady Preston finished second. Brady posted a 193.2% net return.

Micheal Cook won the World Cup Championship with a 250% gain in 2007 and 2014 with a 366% gain. Students Chuck Hughes, Kurt Sakaeda, John Holsinger and Steve Garner have been past winners of World Cup Trading Championship events as well."

https://www.ireallytrade.com/halloffame.html

So what says you? Maybe he can't trade but he certainly can teach!

 

[JSOP]

If you look carefully, you'll find good things and some very bad things.

He's a great marketer and vendor, certainly.

There are some details in William Gallacher's book Winner Take All: the NFA fined Larry Williams for not reporting to potential clients that, while his personal account in a promotional 1987 contest was very profitable (a gain of nearly $1 Million), his managed accounts for clients lost substantial funds (over $6 Million); this was held to constitute "deceptive and unbalanced promotional material and disclosure statements."

Even after that, there was more: in July 1988 the "Larry Williams Financial Strategy Fund" was launched, followed in March 1989 by the World Cup Championship Fund, managed by Larry Williams, Jake Bernstein and two others; the 1988 fund lost more than 50% of its clients' equity in barely a year (as reported in the October 1989 issue of Futures magazine), and the 1989 fund also lost more than half of its original equity by May 1990.

Is this the Larry R Williams from this article? The founder of Williams% indicator? https://en.wikipedia.org/wiki/Larry_R._Williams

Somebody who founded a six-figure scholarship for journalistic and communication students who show great talent but not having a high GPA? Somebody who won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company, where he turned $10,000 to over $1,100,000 (10,900%) in a 12-month competition with real money? This is to you, @Pekelo, he is not just somebody who can only teach and not trade; he CAN trade. And somebody who pioneered UTAH to be so far the only state that indexes tax brackets to inflation?

Is this the same person??