Larry Williams provides no trading statements.

128 views
Skip to first unread message

backspace

unread,
Dec 28, 2010, 3:39:27 AM12/28/10
to futures trading
Larry Williams at http://www.ireallytrade.com says that he really
trades futures. But nowhere on his site does he upload his actual
trading statements. One can safely conclude that his winning the
Robbins World cup was what Taleb would call a 'Black swan event':
there is always somebody who wins the lotto. Nobody though wins the
lotto year after year. Taleb's view would be that Larry like a
gambler confused actual trading insight with random luck.


from http://tinyurl.com/2fk5gja:

http://www.jurikres.com/snake/lawsuits.htm "...NFA fines Larry
Williams for not reporting to potential clients that, while his
personal account in a promotional 1987 contest was very profitable ( a
gain of + $902,599 ), his managed accounts for clients lost
substantial funds ( - $6,122,281 ). This constituted deceptive and
unbalanced promotional material and disclosure statements. Details in
William Gallacher's book Winner Take All.

Footnote -- In July 1988, the Larry Williams Financial Strategy Fund
was launched, followed in March 1989 by the World Cup Championship
Fund, managed by Larry Williams, Jake Bernstein and two others. The
1988 fund lost more than 50% of its clients' equity in barely one
year, as reported in the October 1989 issue of Futures magazine. The
1989 fund also lost more than half of its original equity by May
1990. ..."

backspace

unread,
Jan 7, 2011, 6:17:01 PM1/7/11
to futures trading
http://www.bkforexadvisors.com/trade-results/

They list a column with entries but just like larry provides no
futures trading statement. I don't know of a single forex or futures
signaling service that can provide a proper audited trading statement
of actual trades executed with pfgbest, mbtrading etc.

backspace

unread,
Jan 11, 2011, 6:03:47 AM1/11/11
to futures trading
Here is another one http://www.neowave.com/info-difference.asp with no
futures statement from an NFA regulated broker like
pfgbest, mbtrading etc. Statements from Russian buckets shops
fabricating statements on their cracked copy of mt4 server edition
don't count.

http://www.dailyfinance.com/rtn/press/glenn-neely-wave-theory-in-today-s-unpredictable-market/rfid314150909/

Glenn Neely, who is internationally regarded as the premier Elliott
Wave analyst, founded the Elliott Wave Institute in 1983. In 1990,
Neely published his advanced Wave analysis process in his now-classic
book, Mastering Elliott Wave. In 2000, Neely changed the name of his
research and advisory firm to NEoWave Institute to differentiate his
scientific Wave analysis technology from orthodox, subjective Elliott
Wave analysis, which is frequently nebulous, inaccurate, and
constantly fluid.

See full article from DailyFinance: http://srph.it/e2yJyL
Reply all
Reply to author
Forward
Message has been deleted
Message has been deleted
0 new messages