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Oh yes I absolutely agree with you - my point only was that there always
will be home runs in any sort of trading contest with no meaning for this
persons
ability to perform on a longer term basis.
But for LW it is good promotion - and believe me he likes to be a ''public
figure''
and yes he stands way above Jake the Snake
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> From: Walt Downs <knight@xxxxxxxxxxxx>
> To: omega-list@xxxxxxxxxx
> Subject: Re: Larry Williams as a Trader
> Date: 01 July 1998 10:31
>
> Peter Kiefer wrote:
> >
> > The point is not if you use $10,000 real money - it is how your
trading
> > style
> > compares to risk management -
> > Nobody mentions your name if you loose half or all of it - but of
course
> > you
> > are the BSD if you show that kind of return.
> > The question remains - was it just luck?
> > Or better how many times in the last 10 years did you loose without
> > everybody seeing or hearing about it?
>
> Peter,
>
> Have heard through the grape vine that LW blew out two 30,000 dollar
> accounts before making his run from 10k to 1 mill. Can't vouch for
> the accuracy of the scuttlebutt, but it's out there. In defense of
> Larry, being a public figure does cause a lot of stuff good and bad
> to float about. Larry has more comments in the plus column than most.
> At least he DID and HAS made money. More than can be said for "Jake
> the snake" <g>
>
> Walt Downs
> CIS Trading
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