Larry Williams vs. Charlie Dow/Prof Logic?? Marketsurfer, This is a no-brainer. You know Williams, and you're quite an online sparring partner of Prof. Since both have had open challenges against other traders, how about setting them up for a one-on-one contest? You're the only one here who can pull it off...
Elegant and succinct. I guess my "PART 2" post on page 23 of this thread was simply too lengthy for some people to bother with. I suppose some people are just more amenable to bite-sized portions of information. Perhaps your post will have better traction.
I thought you guys should know ... larry has closed down the million dollar challange becoz he has found 1.2 BILLION INDIA = 1.2 BILLION he has shifted base.he does not need to sell his wares to you guys any more.. Check this out folks... http://www.larrywilliamsinstitute.com Already done 2/3 seminars , sold a few books, started a new advisory In short, made a lot of money you morons, while you guys fight it out here.People here both for and against him, please admit that he is smarter than the rest of you Rgds sanny
sanny, thats is indeed an outrageously witty diatribe! 1). In particular, I am impressed by your inference that joe-trader's (no need to drop real names now) ability to make money from non-direct-trading avenues (read: books, selling courses, etc), is highly correlated (or should I say cointegrated ) to their intelligence. 2). Who gives a flying 4X. 3). Just do what I do, munch on some cheeky pussy and forget about it. 4). My glass is empty, so you know what that means, time for some more Glenmorangie...
Actually, he's only smarter than the people he sells to. On an "unrelated" note, please don't confuse brains with a willingness to exploit others for personal gain.
I made an error: http://www.elitetrader.com/vb/showthread.php?s=&postid=1007920#post1007920 In fact, I have no factual basis on which to conclude that Larryâs own accounts and those that he managed were not segregated. I apologize for this error. In fact, what I should have written is what William Gallacher had written on page 39 of his book, Winner Take All. And I quote: ââ¦Commodity Trading Advisors (CTAs) registered with the NFA are obliged to disclose their actual trading records to the NFA when soliciting public funds through promotions. A large part of the NFAâs Complaint had to do with whether Williams ought to segregate the results of his personal trading from the results of the accounts he was handling for othersâ¦â So, it was the results that were not segregated, and not the accounts themselves. My mistake. And it was this misleading advertising that led to the paltry fines that both Robbins Trading Company and Larry Williams paid. Further, this deceptive advertising led the NFA to make the following statement in its Findings and Conclusions as a matter of record: âThere is no question that Mr. Williams's personal trading accounts had a material effect upon his composite trading performance. The record reflects that for the first quarter of 1987, Mr. Williams's composite performance showed a loss of $6,122,281, while at the same time Mr. Williams's personal accounts experienced a gain of $902,599. The Panel finds that the fact Mr. Williams was making significant gains while managed customer accounts were suffering considerable losses would be a material fact which a potential customer would need to know in order to make a fully reasoned decision.â In the circumstances, I suppose it was the best that the NFA could legally do to warn potential investors of whom they were dealing with. Even so, and strictly for hypothetical purposes (of course), please bear in mind that the type of unscrupulous conduct I described as a result of the relative time stamp laxity at the time, could still have easily been perpetrated by those with an inclination to do so. In fact, hypothetically speaking, the poor results in the client accounts and the simultaneous outstanding results in his own personal account were not separate phenomena. Hypothetically speaking, they were the essential two sides of the same equation. Hypothetically, of course.
Why are you asking me? I merely quoted it from his own website: http://ireallytrade.com/aboutlarry.htm "Larry is many things, but he is not a CTA (commodity trading advisor)." I doubt his long forgotten managed money clients would disagree. (Coincidentally, and as an aside, you are no doubt aware that time stamp laxity is no longer the issue that it was in the days when Larry managed other people's money.)