He turned $10k into $1.1M in just 12 months…
As ICT’s mentor, he's held the Robbin's Cup World Record for over 37 years.
Now that we know ICT can't beat his record…
Here's the story of the trading king 👇
As ICT’s mentor, he's held the Robbin's Cup World Record for over 37 years.
Now that we know ICT can't beat his record…
Here's the story of the trading king 👇
This man’s name is Larry Williams.
Before we get started on his story, here’s a “dirty secret” from the man himself:
(Read to the end to see how he turned $10k into $1.1M)
Before we get started on his story, here’s a “dirty secret” from the man himself:
(Read to the end to see how he turned $10k into $1.1M)
1) Early Story
In 1962, Larry was studying at the University of Oregon with a degree in journalism.
“I took an economics class and walked out after one day, it made no sense to me.”
Ironically he hated economics, but then he found trading…
In 1962, Larry was studying at the University of Oregon with a degree in journalism.
“I took an economics class and walked out after one day, it made no sense to me.”
Ironically he hated economics, but then he found trading…
2) Old Trading
Trading Commodities used to be extremely difficult…
Larry Williams said nobody had risk management and it was all “Kamikaze Cowboy Trading”.
Then he learned about “smart money”...
Trading Commodities used to be extremely difficult…
Larry Williams said nobody had risk management and it was all “Kamikaze Cowboy Trading”.
Then he learned about “smart money”...
3) Trading With Smart Money
Larry explains how smart money will buy as price goes down.
He says not to enter “right away” when big players are buying in…
Wait for the trend to change, THEN look for a buy signal.
Larry explains how smart money will buy as price goes down.
He says not to enter “right away” when big players are buying in…
Wait for the trend to change, THEN look for a buy signal.
4) Larry’s Mentor
Larry learned many lessons from a humble trader who lived a “hermit lifestyle”.
He took Larry under his wing, taught him his theories, and most importantly gave him encouragement.
Then Larry dove into “relative strength” theory…
Larry learned many lessons from a humble trader who lived a “hermit lifestyle”.
He took Larry under his wing, taught him his theories, and most importantly gave him encouragement.
Then Larry dove into “relative strength” theory…
5) Larry’s Strategy
“Relative Strength” theory involves buying stocks that have shown to be strong over a period of time…
“Whatever stock has been the strongest in the last year, will most likely be the strongest in the next 6 months.”
Here’s why anyone can trade:
“Relative Strength” theory involves buying stocks that have shown to be strong over a period of time…
“Whatever stock has been the strongest in the last year, will most likely be the strongest in the next 6 months.”
Here’s why anyone can trade:
6) Street Smarts > Book Smarts
“Trading has nothing to do with being smart.”
Many traders dive too deep and study too much, Larry explains that at some point you become your own enemy...
Here’s what he looks for when bullish:
“Trading has nothing to do with being smart.”
Many traders dive too deep and study too much, Larry explains that at some point you become your own enemy...
Here’s what he looks for when bullish:
7) When to Buy
“Strong stocks get stronger.”
Larry says many traders make the mistake of “buying low and selling high”
He’s lost a lot of money trying to pick bottoms, and believes that “strength prevails”.
“Strong stocks get stronger.”
Larry says many traders make the mistake of “buying low and selling high”
He’s lost a lot of money trying to pick bottoms, and believes that “strength prevails”.
8) Turning $10k into $1.1M
“That was the worst year of my life.”
Larry actually turned the $10k into $2M, then lost a million…
He risked 30% of his equity on every single trade, and it took tremendous focus, discipline, and a bit of luck.
“That was the worst year of my life.”
Larry actually turned the $10k into $2M, then lost a million…
He risked 30% of his equity on every single trade, and it took tremendous focus, discipline, and a bit of luck.
9) Passive Income
Everyone knows that you can automate trading returns,
But no one has done it correctly…
(I’ve cracked the code and now I get 39% returns effortlessly)
Access my trading bot for free👇
freedomteamtrade.com/algotrading?sl…
Everyone knows that you can automate trading returns,
But no one has done it correctly…
(I’ve cracked the code and now I get 39% returns effortlessly)
Access my trading bot for free👇
freedomteamtrade.com/algotrading?sl…
And if you enjoyed this thread...
Follow me @FT__Trading for more educational content.
I’ve been a Full Time Day Trader for 7 years and make weekly threads about trading and investing!
Follow me @FT__Trading for more educational content.
I’ve been a Full Time Day Trader for 7 years and make weekly threads about trading and investing!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
