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I like Larry Williams alot. His hot-line has been good. Some of his
current recommendations are: get long BP, get short DMark, get long
Eurodollar, and wait for a pullback to get long Copper. He fully caught
the big Bellies move, and has been long Cotton during this current
run-up. He places his stops a ways away -- maybe too far for some. He
uses COT data and some of the stronger seasonal tendancies.
His method seems simple, but logical.
Tim Proeber
tproeber@xxxxxxxxxx
> -----Original Message-----
> From: John Nowak [SMTP:joachim@xxxxxxxxxxx]
> Sent: Tuesday, June 02, 1998 1:14 PM
> To: RealTraders Discussion Group
> Subject: Re: Larry Williams
>
> Ok....now that we've established that we don't like Larry's and Bill's
> stops.......what do you find works better?? As we are on the topic
> ...let's review Larry's and Bill's ideas ....let's see where they
> fail.
> Reply privately if you wish.
>
>
>
> John
>
>
>
>
> Peter Timaratz wrote:
>
> > >Bill Williams also talked about "trading the market not
> > your wallet" in connection with stop
> > >placement.
> >
> > I was a student of Bill years ago. Back then I had a fairly
> > small account and I told him I thought it was too risky for
> > me to trade bonds with this size of account. He said I
> > should trade the market and not my wallet. I agree that
> > stops should be calculated based on market considerations.
> > But if a stop entails too much risk relative to your account
> > then you shouldn't take the trade. It's a simple money
> > management principle, but Bill didn't agree with it.
>
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