|
PureBytes Links
Trading Reference Links
|
Time has come to do what was once thought impossible. Clean up the futures
business without having some government body legislate integrity. The
Internet is going to level the playing field because of information and
opinions ready available for all to read about anybody making the claims
Williams does. Williams legacy is going to be a remember as a guy who sold
out for a buck and tried to rip the public off not unlike some carnival
vender in a sleazy county fair. Williams does not belong in the future of
this business. I wouldn't buy his books, go to his seminars because
Williams has no integrity. A man without integrity is a man that can't be
trusted and in the long run will cause many a lot of misfortune.
Robert
At 09:09 AM 12/19/1999 -0600, Stewart Taylor wrote:
>
>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/
>
>
|