|
PureBytes Links
Trading Reference Links
|
Yes, Larry Williams lost half the contest profit. It was in October of 1987.
Quite a few index traders lost money that month.
In a message dated 98-10-19 20:32:03 EDT, fpi@xxxxxxxxxxxx writes:
> :You might also want to check out the "legendary" traders Larry Williams and
> :Jake Bernstein. The year after LW won the Robbins World Cup, he and JB
> :formed a fund that was later closed after losing more than 50% of their
> :investors' money. Maybe that's why they're on the lecture/seminar
circuits.
> :
> :All LW is doing is living off his fame for taking $10K and turning it into
> :$1million. What he really doesn't tell you is that he actually took it
into
> :$2million and then took that $2million and turn it into $1million (imagine
> :that: $1 million drawdown!!).
>
|