Larry Williams Issue
Special Double Interview with Trading Legend Larry
Williams. Larry Williams has been a major force in
the futures and stock industries for over twenty years.
His 1974 book, How I Made One Million Dollars Last
Year Trading Commodities, is a true classic in the
field and continues to be a bestseller. He is also
the author of several other very popular books on
futures and stocks.
Larry added to his fame when he entered the Robbins
World Cup trading contest and ran $10,000 up to over
$2 million, then lost over a million and by contest
end had $1.1 million. This indepth article is reveals
the inside story of that amazing trading feat. Hear
the story from the man himself!
You will also read how Larry tackles drawdowns in
his equity. He talks about his current pattern recognition
and volatility studies. Larry also gives his thoughts
on how long to hold trades and how to place protective
Read how Larry spends his typical day, what chart
services he uses, and what software he likes. Larry
also shares some excellent advice for the beginning
One of the key areas in the interview is Larry's ideas
on the characteristics of a good trading system. Some
of them will surprise you!
Larry has battled securities and futures regulators
for almost as long as he has been in the business.
Larry discusses his recent battles with the National
Futures Association and the Commodity Futures Trading
Commission. This fascinating discussion gives his
insights into the current state of the newsletter
industry and the problems with the current regulators.
All newsletter readers will find his comments important
for understanding the pressures on newsletter writers.
Besides futures trading, Larry talks about his adventures
in Saudi Arabia tracking down what he thinks in the
real Mt. Sinai. He also ran twice for Senator from
Montana and lost by a total of less than 4%.
The second of our two interviews with Larry focusses
entirely on his day trading principles. Larry talks
about the use of oscillators, trends, time of day,
and pattern recognition. Larry is one of the acknowledged
masters of day trading. You won't want to miss this
We wrap up the Larry Williams section with a complete
test of Larry's OOPS system. We show you how it works
and how well it works. We tested the system over 14
commodities over the previous 10 years.
Reviews: Market Masters by Jake Bernstein. The Mathematics
of Technical Analysis by Clifford J. Sherry. The New
Gatsbys by Bob Tamarkin. The Traders by Sonny Kleinfield.