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Actually, I still use stuff from his first (and best) book, How I made 1mm
trading commodities and stuff I got from him at a seminar 15 years ago.
But, please don't put me in the position of being his advocate, I simply
have found value in his work over a long period time. I don't defend his
seminar business or his marketing approach (in fact I personally find the
marketing distasteful). My only real standard for judging is... does it
make sense in terms of the market and is it something that might fit into
my trading style... beyond that I could care less about their marketing
tactics. Frankly, if I thought that I could learn anything useful from Ken
Roberts... oh never mind, even I wouldn't stoop that low....
Stewart.
At 09:52 AM 12/19/99 -0500, Lawrence Chan wrote:
>
>I am not defending Larry Williams, but he was pretty honest looooong
>time ago when he first started out doing his seminars ...
>
>You could ask basically anything and you get everything he knows
>at that point in time from him.
>
>And if you do backtesting, you can easily find that his stuff
>works well, BEFORE and for a short period of time right after
>the seminars started ...
>
>so, it is a pretty classic scenerio -
>
>Someone find a pretty good method trading.
>Made a killing for himself.
>Then he has the urge to tell the world how these markets work
>and the "gurus" are b-llsh-ting.
>The result is always the same though, his method got discounted
>into the markets and becomes part of it.
>
>I can't tell whether he is doing great or not right now nor can
>I tell whether his new stuff works now because I have not
>had the time to do testing on his ideas.
>
>But I can tell one thing - his old ideas works when he was
>trading them, before he started out on his seminar business.
>
>-Lawrence Chan
>
>
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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