Now, his results for 2009 ? - $ 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
Then it is little wonder that, according to his own web site, "He is the most highly regarded and well known short term trader in the world." http://ireallytrade.com/aboutlarry.htm And it looks like he's managing money again. Watch the video for his LWU Stock Investing Course at the bottom of the page: http://ireallytrade.com/lwu.htm "...Most people think of Larry Williams as a commodity trader. They don't realize that I also manage a hedge fund for stocks..." Do tell, Larry.
I am gonna calculate how much he made in the different instruments he trades and report back... 111 points when the range(high-low) of the S&P is 780 points during that period
"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." This is hysterical. I guess because it's on his website he can call himself whatever he wants. Like an old saying..."Those who can ..........do.....................those who can't....................teach". That about sums it all up.
Looks like he made $ 90,000 in one year 2008 trading commodities holding for at least a few days. The es trades look like he got around the start and held till the end of day around every 5 days He also mentioned a hedge fund that exploded as why track records are not perfect, so I will continue with that article in the next post.
AUGUST 28, 2009 No SEC Penalties in Amaranth's Failure By JOSEPH CHECKLER NEW YORK -- Hedge-fund manager Amaranth Advisors LLC won't face any penalties from the Securities and Exchange Commission for its high-profile failure, according to a letter the firm received from the agency's enforcement division. Amaranth, which once managed $6.6 billion but imploded in 2006 after bad natural-gas bets, was cleared of wrongdoing after a three-year SEC investigation into whether it misled investors. In a letter to investors reviewed by Dow Jones Newswires, Amaranth founder Nick Maounis said, "Needless to say, we are very pleased with this decision." Earlier this month, Amaranth paid a $7.5 million settlement to the Commodity Futures Trading Commission, which was investigating whether the firm manipulated natural-gas futures contracts months before its blowup. The natural-gas bets gone awry were made by former trader Brian Hunter, who is still being investigated by the CFTC for alleged manipulation and whose case wasn't affected by Amaranth's CFTC settlement. Mr. Hunter's lawyers were in Washington earlier this week arguing that Mr. Hunter didn't intentionally manipulate gas futures on the New York Mercantile Exchange. In September 2006, Amaranth had a large position in natural-gas futures, specifically a bet that gas prices at the end of the winter would rise relative to those at the beginning of spring. Prices fell, however, and Amaranth suffered billions of dollars in losses. At the time, energy traders and experts feared that the unwinding of Amaranth's energy positions, the remains of which were taken over by J.P. Morgan Chase & Co. and Citadel Investment Group LP, would create a selloff in the natural-gas market. They caused barely a ripple, as it turned out. News of the SEC's decision to not charge Amaranth was reported Wednesday by Bloomberg News.
Timothy Sykes was so upfront to share with the public how much he made trading and how much as a vendor. 6 % from trading profits and 94 % from guru sales http://www.elitetrader.com/vb/showthread.php?s=&threadid=171669&perpage=6&pagenumber=2 If only LW was so upfront , we would know how close the numbers would match.... THE BIG SECRET OF THOSE GURU'S IS THAT MOST (LW and TS being the exception) DON'T TRADE AT ALL and make all(most) of their money from selling courses,seminars...etc...