larry Williams make 99percent of his income from gurudom. He says himself that his sucess is mosstly non repeatable and he needs other income to sustain his lifestyle. And many here would say Williams is a fraud. Weak example. Still waiting
I am fairly certain that anyone who believes Larry Williams legitimately won that single trading contest over 2 decades ago and who believes that he is an example of a good trader, is probably not a profitable trader himself. I simply cannot believe that successful traders can be quite so gullible. I do not refer to the percentage returns. Rather, I refer to the considerable controversy surrounding his and the broker's conduct at the time of the contest, his astonishingly pathetic efforts at money management at that very time (hint: these are not likely to be independent events), and the walking dead who attend his overpriced seminars.
there you go. Larry Williams is a bad sample of success. Still waiting for proper example of independent trader who reached bolze success just by trading. There ain't any
<i>"Still waiting for proper example of independent trader who reached bolze success just by trading. There ain't any"</i> Actually, there are a number of them reading your words and laughing to themselves right now. But let's go with the pretense that you're right. Assume no one has ever made a few million $$ trading their own money. Not a single independent trader on earth, ever. OK... you win. That said, why are you here? If trading is so futile, why are you wasting your time in a public message board geared towards traders? Should Barron take this newsflash and pull the servers, file bankruptcy and fold up shop here? I personally doubt that bigfoot exists. That doesn't compel me to haunt the bigfoot seeker websites expousing how it's all b.s. Thought of wasting precious time like that has never once crossed my mind. Why are you wasting your time here? What's the personal payoff for ya?
Austin, I think that's exactly what it's about. This little fish person can't do it so it's important to him/her to find validation by having everyone else agree that no one else can either. Again it has nothing at all do to with this thread. Whether you make a fortune trading your own money or someone else's is one matter. Stealing, claiming to trade to profit a client account is another.
this is getting pittiful as gurus come out of the woodwork to defend there craft. I'm da little fish cause I want evidence of the claims when evidence that the success claim of indupendent traders being false is overwhelming. Yes evangelists and traderpreachers liitle ones only ask question the rest simply believe. All hail the gurus!! Still zero evidence that any independent non opm trader sucking on the management fee teet has ever lived the bolze lifestyle without other substantial income,fraud etc. Bring it on traderpreachers.
Wow, I can't believe Dennis, had me fooled, followed his blog forever, really thought he was genuine. Everyone talked to him like he knew it all, trading was simple and so profitable. I tried to follow his style ( papertrade only) I could not for the life of me get anywhere close to his results, thought I was just stupid. Everyone was enlightened by him, his after the fact setups looked accurate, but then again so does everyone's. I never could trade futures profitably, too fast for me. But I never noticed the Emporer wasn't wearing any clothes
there is more money ripping and stealing trader money than teaching traders to trade. not enough traders to make a living teaching traders.