Larry williams trader biography
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Over time, he evolved a more adaptive approach. He is a past board member of the National Futures Association and the recipient of numerous awards, including Futures Magazine’s first Doctor of Futures Award, the Omega Research Lifetime Achievement Award, Significant Sig (a Sigma Chi acknowledgement), Traders International 2005 Trader of the Year, and on October 6, 2002 the mayor of San Diego declared that day as Larry Williams’ Day.
Larry is many things, but he is not a CTA (commodity trading advisor).
A few of the many magazine issues with Larry’s articles and/or interviews.
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The process was expensive, stressful, and public.Modern application:
Manage your financial life outside the markets with the same discipline you use inside them.
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The rules are why you have a win rate.
5. While the result has not been independently verified via bank statements, it remains a legendary feat in trading lore.
Politics, Public Life & Family
Beyond trading, Williams twice ran as a Republican candidate for the U.S. Senate from Montana—in 1978 and 1982—but was unsuccessful in both general elections.
The psychological toll
Success brings pressure. His $10,000 account—already growing faster than most traders ever see—is about to break into seven figures.
By the end of that year, he will have turned $10,000 into $1.1 million.
It will go down as one of the greatest single-year runs in trading history.
And yet, the full story isn’t just about winning.
It’s about the mindset that made it possible… and the mistakes that followed.
Because even the greats are human.
People lost millions but Larry was more taken by the fact that if you had been “short” the market, you would have made millions.
Larry began to understand that he could make a $100 day trading the markets,
whether the market was going up or down. Focus on the long term and stay consistent.”
Freedom Income Options Tip:
Review your trade log weekly.
He also funds a scholarship at the University of Oregon in memory of his professor Max Wales, aimed at journalism and communication students who show creativity even if their GPA is modest
Biography of Larry R. Williams: From Trading Triumphs to Political Endeavors#American author, stock and commodity trader#age#net worth#investor#
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Freedom Income Options by Casey Stubbs
It’s 1987.
Larry Williams is hunched over his trading desk.
The air is thick with the hum of market chatter on his phone line.
Seasonal & Historical Patterns
Larry studied decades of market history to uncover recurring seasonal tendencies in commodities and indexes.
Example: Certain futures markets, like wheat or crude oil, tended to rally at predictable times due to harvest cycles, supply changes, or institutional buying patterns.
If a seasonal tendency lined up with other signals, he took notice.
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And that’s where the real test began.
Larry’s run from $10,000 to $1.1 million wasn’t the result of a single lucky trade.
Aggressive Position Sizing When the Odds Were Stacked
Larry didn’t use fixed trade sizes.
When his seasonal + COT + technical triggers all lined up, he pressed hard — putting far more on those trades than on average setups.
This “pressing the advantage” is what allowed him to grow so quickly.
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He quickly realized that a rigid reliance on charts alone wasn’t reliable. Larry was smitten. Protect your capital
Small losses keep you in the game long enough to compound steady gains.
4. Keep learning
Markets evolve. He attended Billings High School and later studied journalism at the University of Oregon, graduating in 1964.
You’re not defined by any single win or loss.
Larry’s approach works beautifully for Freedom Income Options traders:
1. Don’t try to be a jack of all trades; focus on what works for you.”
Freedom Income Options Tip:
Before entering a spread, define your edge.
Short-Term Breakout & Reversal Setups
Even though his research was long-term, his trades were often short-term tactical plays:
Breakouts from consolidation when seasonal and COT data supported the move.
Reversal patterns when sentiment was extreme and price action signaled a turn.
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Breakthroughs: Indicators & Trading Innovation
Larry Williams is best known for developing widely used indicators, including Williams %R, the Ultimate Oscillator, and various COT (Commitments of Traders) based indices and sentiment measures.