How I Made $1,000,000 Trading Commodities Last Year
Author: Larry R. Williams
List Price: $50.00
Our Price: Click to see the latest and low price
ISBN: 0930233107
Publisher: Windsor Books (June, 1979)
Sales Rank: 74,906
Average Customer Rating: 3.08 out of 5
Customer Reviews
Rating: 5 out of 5
Classics can't be ignored
This was the first book I bought about futures when I was 16. A whole new world open up before my eyes, and the credibility couldn't be paralleled turnin $10,000 into over 1.1 million in real time, no one has topped.Three years later I sat and passed my Series 3 commodities broker license. I still kept this book with me and used some of the practical approaches detailed in the book to help my clients trade more successfully.
Now after being involved with futures for 11 continuous years as a broker, an investor, and the author of three futures books I still find myself referencing Larry Williams material.
Unfortunately, others have a hard time accepting his methodologies and ideas. But if you have read MarketWizard by Schwager, none of those traders were alike. They traded with their own style, with their own risk tolerance, and most importantly with their own goals.
That's why Williams' information should be used solely as a base for your own trade development and not as the gospel. Because of the few things mentioned above, and many other personal traits that individual traders bring to the trading experience, there are no "futures gurus" that can tell you exactly how to trade day to day.
So you have to decide for yourself what is most important being told how to trade or discovering how to trade for yourself. That's what this book, my books, and many other books can realistically do for you.
Good luck and God's speed.
Rating: 5 out of 5
This is a great book.
I have been trading futures for 11 years. ... In all that time I have rarely seen an investment guru as humble as Larry Williams. His love of the markets is evident in this book, as well as many others.This book chronicles his meteoric rise and claim to fame when he singlehandedly turned $10,000 into $1 million in a controlled tournament environment.
There is a lot of good information in this book and much of it will be very useful to today's trader. Technically and inspirationally this book is a sound buy for today's investor.
Rating: 5 out of 5
oh yeah? trade this!
Take the sections on price structure and open interest - throw the rest out if you like. You'll still have the most valuable trading book I've seen written to date. I see ten other reviews here, and only a couple mention OI's significance - mostly in passing. Very sad. Open interest's relationship with price action on a few levels deserves at least a few years of study, although it won't take you nearly that long for you to at least appreciate its importance the way it's presented in this book. This was the first market book I paid for as a market newbie in May '88. I still have fond memories of this basic OI move for OJ may 88, COP aug 88, PA oct 88, CT fall 88, COF dec 88, HO and HU summer 89. Try telling me again how worthless this book is...quit criticizing and study harder. The answers exist and much of it is humanly achievable. You're given a small morsel of it here and yet I see nothing but a ho hum response. That in itself is an interesting market lesson. Similar Products
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