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At 10:24 PM 6/30/98 EDT, Mben@xxxxxxx wrote:
>
>
>
> Well I feel some things must be said in defense of Larry. As far as I can
>tell
> Larry is one of the few real gems in this business.
> My relationship with Larry goes back a few years, about ten I think. In that
> ten years I have studied Larry's published and unpublished work
> with zeal. I can only say I have been rewarded many times over for my
>efforts.
> I would advise any serious student of the market to take the same path.
>
> Those who know Larry know he is genuine article, I sincerely believe Larry
>has
> forgotten more about trading in the last 25 years
> than most of us will ever know. Those of us who know Larry know what makes
>him
> sucessful......he has a real passion for the markets. I believe
> the pursuit of market knowledge occupies Larry's mind about 20 hours a day.
>It
> never fails that whenever I speak to him he is working on some
> system or research idea. This simply blows my mind.......over the last ten
> years I have spoken to him hundreds of times......It never fails when I
talk
> to him he is in front of his computer working on a system ! The point is he
> loves what he is doing ......like very few people I have ever met.
>
> Larry has on so many occasions shared freely of his thoughts and time. He
has
> never asked for anything in return. It has always amazed me that he actually
> answers his own phone. Those wishing to talk to him need only to dial his
> number.
>
> Sadly Larry cannot make everyone a great trader.....for reasons we all know.
> Those who wish to seek out specific knowledge about trading futures
> ignore Larry Williams works at their own detriment.
>
> I could go on at length.....but I think you get the idea. The quest for
> knowledge requires an open mind....sometimes the answers we seek are
right in
> front of us but we just cannot see them.
>
> Mark Benjamin
> mben@xxxxxxx
>
> Disclaimer: I have no commercial relationship with Larry.....and no one
asked
> me to write this note.....I stand to gain nothing from its writing.
Mark
I am glad you like and admire your friend but as you referred to the fact
Larry can't make everyone a great trader for the reasons we all know. This
is exactly my point that is not the message you get from Larry's
promotional material and he is causing harm making beginners believe all
they got to do is follow ole Larry and they to will get rich. In reference
I did say Larry has something to offer for people but not in a hyped up
video he uses to sell his wares. Experience of the markets a persons
ability to handle risk and the discipline to follow a money management plan
takes time to learn and longer for others and still some never will. That
in no way makes that person a loser just means they need to find what it is
their good at and walk away from commodities. Larry's attitude is first let
me get my fee then let them find this out on their own because this is the
theory behind hyped up sales approaches. Futures trading should never be
sold in this manner and these people taking no responsibility for the harm
they cause and all the credit for the good should stop. If the CFTC has to
finally make everybody you sells anything pertaining to the futures market
register as a CTA then maybe we will get responsible people selling the
truth in fully disclosed forums. I hope you understand my point here just
because a person has not enough experience and maybe greedy and naive is no
right to sell them something they can't are not ready to handle. Yes we all
know why people lose and so does Larry yet I'm not selling anything he is
and to the public.
Robert
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