The fact that the IRS were after larry for taxes due from Seminars and other snake oil, there was no mention of any taxes due from trading profits, sums it all up really.
congratulations on your success! way to go. I see thus years leader is up 171% what a great performance. Looks like all you need do is stay on track. I had no idea of the potential run up/run down that could happen when i was trading in 1987. It's hard to tell you how ignorant we were a quarter of a century ago when we stumbled on to this approach to money management. What a wakeup call all that was. As to Michelles trading; actors have a much, much easier life and get paid more as wel ;-)
I think Peter Nam is actually David Burton of the School of Gann. He is an interesting guy⦠He claims after a phone call from me. He then called the local police to warn them I was a threat: that I was going to come beat him up. Of course I was living in California at the time. What did he expect? That I would hop on a plane and come stomp on his head? As I understand it he is a martial arts expert and about 30 years younger than I am. This is the same guy who on his website continues to show my IRS issues but does not point out that the IRS dropped all criminal/fraud charges against me. Nor does he point out that the income in question included trading profits. This is the same guy who I challenged to a one-on-one trade-off; we each put up $100,000 at the end of six months, winner take all. He says that wouldn't prove anything. Proof of my success? A few years back I did my million dollar challenge seminars where I traded $1 million, for three days at the seminar and gave back to the students 20% of the profits. In some 17 seminars we gave back over $250,000 to them⦠Yes, that came up in the trial⦠But David never cared about stuff like that. More importantly is not that I can trade but that I have taught people to trade. I have developed indicators that are widely used throughout the world. Judge my work as opposed to one event in my life from over quarter of a century ago Here just a little bit about that; http://www.ireallytrade.com/halloffame.html I'm going back to trading⦠I'll let David continue to nip at my heels. My e-mail address has been posted here. If anyone has any further questions or comments, feel free to contact me. With best wishes to all⦠Even David. Larry
Someone posted an article here a few years back about that "profit sharing." It barely worked out to lunch money. A number of your seminar attendees were also interviewed, some of whom had attended several lof your seminars over the years. If memory serves, some were getting a bit discouraged, while others expected success just around the corner. None seemed to have it quite in hand despite years of attending your courses and reading your books. But, of course, they can't all be winners. Have any of the thousands of your seminar attendees over the years or devotees ever won any trading contests or otherwise acquired any trading notoriety?
You guys are funny..have i ever done anythng right? did you look at the link i added? Most all of the winners of the RWCTC were students of mine. They deserve full credit; all i did was open some doors. Not all but about 80% were students. Here is an blurb i just got today about one of them, Brady went to the MDC seminars ................................................ Dear Trader, Brady Preston's Diversity AutoTrade⢠program reached another equity high today with net profits of $32,361 for a 161.8% return as of 5 p.m. Over 9.55 months, Preston has traded a mix of products including E-mini S&P, 30-year T-bonds, 10-year T-notes, U.S. Dollar Index, Japanese Yen, EuroDollar, cattle, wheat and soybean futures. See performance summary below. Drawdown of -7.5% in this program represents the greatest cumulative peak-to-valley percentage decline in month-end net equity during the life of the account. A detailed end-of-month Diversity Performance Report through June is now available. ........................................ larry
If you truly believe that he is less than he represents himself to be, quit posting. Criticism only attracts more attention to him. And once attention is drawn to him, his powers of public persuasion far exceed your powers of public dissuasion. More effective to sink this to ChitChat with trivialities and irrelevancies.
phony guys,not funny Larry if you want me to teach you how to trade,feel free to contact me via ether.
Remember this seminar, Larry? http://www.elitetrader.com/vb/showthread.php?s=&threadid=65159&perpage=6&pagenumber=9 Remember this exchange? http://www.elitetrader.com/vb/showthread.php?s=&postid=2556805#post2556805