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The german gov bonds have often more then 1000 lot's at each of his ten
ask/bid orderbook entries.
Not all will be stay till the markt is there anyway...
Trading this way is even today very commen in the bonds ....
----- Original Message -----
From: "Bill Wynne" <tradewynne@xxxxxxxxxxx>
To: <funkhouser@xxxxxxxx>
Cc: <jack_2231@xxxxxxxxx>; <proudfit@xxxxxxxx>; <pjwahl@xxxxxxxx>;
<omega-list@xxxxxxxxxx>
Sent: Sunday, November 04, 2001 12:41 AM
Subject: Re: Larry Williams in a nutshell?
> >I don't have any real source to refute to 2-4 ticks on 1000-2000 lots of
> >bonds,
>
> I really don't know, but if I think this was in Larry's own words. Don't
> remember where I read it.
>
> >but those quantities would, of themselves, move the market more than that
> >I'd guess.
>
> Maybe, but in those days volume in the bonds averaged several 100K+/day
> and frequently went over 500K/day. In fact, I think that's why he said he
> traded the bonds.
>
> BW
>
>
>
> >From: The Funkhousers <funkhouser@xxxxxxxx>
> >To: Bill Wynne <tradewynne@xxxxxxxxxxx>
> >CC: jack_2231@xxxxxxxxx, proudfit@xxxxxxxx, pjwahl@xxxxxxxx,
> >tradewynne@xxxxxxxxxxx, omega-list@xxxxxxxxxx
> >Subject: Re: Larry Williams in a nutshell?
> >Date: Sat, 03 Nov 2001 18:00:53 -0500
> >
> >I don't have any real source to refute to 2-4 ticks on 1000-2000 lots of
> >bonds, but those quantities would, of themselves, move the market more
than
> >that I'd guess.
> >
> >HOWEVER, if you really want an enjoyable read, and a glimpse into the
mind
> >set of a real gambler/ trader get yourself to the library and check out
> >Buzzy's book "Pit Bull." There's no doubt in my mind that her will never
> >have any progeny, for when they are made of brass they don't produce
sperm.
> >
> >I wonder if he made another run for the gold following September 11th.
> >
> >Richard Funkhouser
> >
> >Bill Wynne wrote:
> >
> > > >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
> > >
> >
>
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