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>Larry Williams was the best....
>From what I've heard Buzzy Schwartz was the
best "contest" trader: he dominated real time,
real money contests for nearly a decade. Moreover,
I heard he traded those contests the same way he traded
his "real" account. From what I heard Larry was trading
1000-2000 lots in the bonds for 2-4 ticks at the
end of his contest run, kind of a "do or die"
approach....not exactly the recipe for long term
success, nor something the average trader could
even do.
I don't know either guy, so take it FWIW.
BW
>From: Jack Griffin <jack_2231@xxxxxxxxx>
>To: Matt Proudfit <proudfit@xxxxxxxx>, Patrick Wahl <pjwahl@xxxxxxxx>,
> tradergirl@xxxxxxxxxxxx, omega-list@xxxxxxxxxx
>Subject: Re: Larry Williams in a nutshell?
>Date: Sat, 3 Nov 2001 10:14:46 -0800 (PST)
>
>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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