"He still has a very high win ratio.." Frankly, I don't see it here: http://www.ctiming.com/trackrecord.htm But it's a fact that he made big money during the trading contest. His trades can be seen here: http://www.ctiming.com/TradeRecs.asp He traded nice size (that's the only way to win a contest like this).
Thats what really bugs me about his advertising. Someone who takes major risk for a one time event to get bragging rights probably is not the best influence on learning traders, and those contest are what I usually see about him.
Williams had to put up on $10K to enter the contest... pocket change to him, so why not go for the glory? There used to be a contest called MMVR, where you had to put up $1MM to enter. I always wanted to see a contest where the entry fee was "All of your mother's money"
That doesn't take away from the result to me. Yes he did lose over 1.2 million dollars from his account high. I don't think that's pocket change to him. He says in his Batting .800 manual that to desensitize himself to money he gambled in casinos until he was unemotional to money.
I've never looked at his overall track record, just at a few of his setups that trade about once per month. They are around 90% accurate, but involve way too much risk for me. Jay
I think reading a couple of Larry Williams books is time well spent for a beginning trader. Of course he took big risks in the contest, wouldn't you? On the one hand it really doesn't prove much, but it does show how much money you can make in a hot market if you are willing to put the pedal to the metal.
larry is an interesting guy. never met him, so i can't comment on his abilities. "winner take all" by william gallacher has several comments on him and the "contest". i recommend you read it. best, surfer
>>"Winner take all" by William Gallacher has several comments on him and the "contest". i recommend you read it.<< Yes, it puts Mr Williams in a different light doesn't it ? I cannot possibly imagine that Gallagher's details were lies as he would by now have been cleaned out in a lawsuit wouldn't he ? Anyone contemplating spending money on a Williams seminar would be a fool not to get hold of Gallaghers book so as to be able to differentiate between hype and facts. Where I come from one should tell it warts and all as otherwise the picture being painted may be grossly misleading. freealways
Why stop at getting the said book? Larry Williams commented on Gallagher's allegations. This can be found on the web somewhere. Better yet do some search on this board to get links to what Williams had to say about all these allegations. To me the fact that so many are so eager to dismiss Williams as a fraud is a very good contrarian indicator. As far as lawsuits go, why is it that no-one ever sued Williams for fraud? Why did any of federal futures agencies not do this? Perhaps they simply did not have any case. As Larry Williams says that did try to find the case. Somehow they did not succeed. His daughter also won the same championship. I could believe in one accident, but two is one too many. If he was not found guilty, he is innocent, at least to me.
Wally, put your money where your confidence is. After all he is obviously a better trader than you, isn't that so ? So Wally, I guess you will give your money to Williams to trade ? Jack