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Very important to note that ONCE IN A GENERATION EVENTS, like 1987 crashes,
should not be used to evaluate a trader OVER THE LONG RUN.
This applys to Larry Williams as well as Vic Niederhoffer.
> -----Original Message-----
> From: Jack Griffin [mailto:jack_2231@xxxxxxxxx]
> Sent: Saturday, November 03, 2001 1:15 PM
> To: Matt Proudfit; Patrick Wahl; tradergirl@xxxxxxxxxxxx;
> omega-list@xxxxxxxxxx
> Subject: Re: Larry Williams in a nutshell?
>
>
> May as well finish the story Matt. After losing ~$1.2
> million, his wife divoriced him, and his broker begged
> him to close the account since he was still winning
> the contest. He gave in. That is what I heard at
> least. Larry Williams was the best, but little he
> talked about in his tapes is of any use now since all
> those setups are being maxed out to capacity (as
> eventually happens with all systems made public). I
> would not suggest fading them at this point though.
>
> Jack
>
> --- Matt Proudfit <proudfit@xxxxxxxx> wrote:
> > I heard Larry Williams on a tape one time speaking
> > about his first million
> > dollar year. The thing that impressed me most was
> > when he shared more
> > information about that year. At one point his
> > account was actually up
> > $2,000,000. Finishing the year with only $1,000,000
> > taught him the money
> > management lesson-the hard way, naturally, the way I
> > think about everyone
> > learns it.
> >
> > Matt Proudfit
> > Ogden Utah
> >
>
>
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