POLL: Do you think Larry Williams is a charlatan?

Every Trader has made money and lost money, Every Trader! there isnt a trader ,that i know anyways, which always makes money. There is obviously a lot of suckers in this world and if larry wants to exploit them then maybe he's the smart one. Let he who has not lost his ass in the market throw the first stone. Personaly i don't like LW trading methods but thats me. Every trader has to find a system that works for him. And if LW has the balls to risk 1 million well i say he can't be a bad trader. Sometimes you win, Sometimes you lose.

 

"NFA fines Larry Williams for not reporting to potential clients that, while his personal account in a promotional 1987 contest was very profitable ( a gain of + $902,599 ), his managed accounts for clients lost substantial funds ( - $6,122,281 ). This constituted DECEPTIVE and unbalanced promotional material and disclosure statements."


After his 1987 robbins worldcup performance,he started In July 1988 the Larry Williams Financial Strategy Fund The 1988 fund lost more than 50% of its clients’ equity in barely one year, as reported in the October 1989 issue of Futures magazine

In March 1989 the World Cup Championship Fund is started, managed by Larry Williams, Jake Bernstein and two others.
The 1989 fund also lost more than half of its original equity by May 1990.

www.jurikres.com/snake/lawsuits.htm






Let's make an educated guess of all other people's money he lost

1987 : - $6,122,281 (exact)

1988 : - $5,000,000 (estimated)

1989 : - $5,000,000 (estimated)


Total : - $16,122,281



And now one was his first money management adventures :



http://www.schoolofgann.com/LinkClick.aspx?fileticket=RqQnbmNqeLs=&tabid=96&mid=501

So, he had been trading since 1962 to 1972 : 10 years and ONLY invests $3,000 himself
He sure puts his money where he puts his mouth, our 1 million dollar showman...


Total : - $16,125,281 (too bad it was't his own money)

Please, let me know how far I am from the truth




P.S. Larry, do you know how much money you are leaving on the table because you are not sueing David Burton ?

 

VidDavid Gannman is a penniless quack who posts here under the name thunderdog. Nothing to gain by suing the mentally challenged homeless operating out of the library

 

or tdawg, or whomever you are probably has no money.

i actually invested 10,000 in each of the partnerships, as i recall, and of course had my own account...i put my money in the same trades as fellow partners

re; nfa fine..please read the full decision and you will see i was not the one that even ran the ads..a broker did--not Robbins---i was not even aware of them--but nfa said i was responsoible.

hey---still short 17 h oils here, covered 5 long JY today for about 5gs,...what did the Tdwag do :-0)?

I know, he howled at the moon.

happy holiday to all

 

i thought Tdwag wanted facts so an unbiased 3rd part review a totally ramdom samples of my trades for the last year

here are the results
As outlined yesterday, Larry Williams provided me with complete records of several trading periods spanning later 2008 through Aug 31, 2009. His only request was “all i ask is to be reported fairly”, which I hope I’m doing.

Larry Williams is NOT a one lot trader as some had suggested. Here are the stats from the trading records:

Avg number of contracts: 35
Max number of contracts: 57
Min number of contracts: 22

Avg total position profit: 73k
Max total position profit: 177k
Biggest total position loss: (18k)

Biggest position win: 120k (next 101k, then 89k)
Biggest position loss: 18k (next 17.5k, then 10k)

Tradables: JY, GC, KC, US, VX, HO, NG, ZW, BP, SP and several others.

I’ve attached a small screenshot of some of yesterday’s (Aug 31 2009) data.

In my opinion this settles the Larry Williams “dispute”: he clearly trades size, and has provided ample evidence of several very good positions with large profits at various points in time. I have no doubt he provided real data for his real account.

 

http://www.elitetrader.com/vb/showthread.php?s=&postid=2561334



Moderator Vikana , an unbiased 3rd party reviewer ?
A moderator on a trading forum that lives of vendors like you , an unbiased party ? LMAO > try a real auditing firm and come back when you have that

Several trading periods, I guess you left out the losing periods, cherry picker , no ?

And we must trust the subjective interpretation of "some guy" ?

Instead of posting some numbers on a trading forum,put your record of the last 10 years on your website (AUDITED)


And don't come up with excuses like this

http://www.elitetrader.com/vb/showthread.php?s=&threadid=118258&perpage=6&pagenumber=51



Sure, our "most accomplished" liar doesn't keep all his "most accomplished" records, makes perfect sense






P.S. Looks like I hit a very sensitive nerve when I called you a 1 lot Piker.. hehe...

 

never ever will this argument stop --so i'm through but will gladly send anyone that wants--at any time--my current positions--as seen on my trading platform..that would be at random and up the the moment.

I may have winner or losers on..but at least I have an account open and am transparent--unlike Tdwag/Puretruth (same guy i think) hiding behind mommas apron.

just email me at

larry@ireallytrade.com

I do not have records for last 22 years as i have just traded my own account.

good luck and trading to all

larry williams

 

Now that we have 117 votes (from at least a dozen or so different people) and almost 80 posts, what general conclusions can we draw from the numbers and the narrative?

 

That you're a complete and total tool.