The legendary woman who was reborn from the ashes

Larry Williams, known as the founder of the Williams indicator, is known as the godfather in the futures industry. He is also the founder of ultra-short-term trading and the spiritual mentor of the "Wolf of Wall Street".

He is not only the holder of these glorious titles, but also a trading genius who shines in actual combat. This legendary figure once demonstrated his outstanding strength to the world through a trading competition.

In 1987, Williams entered the national Robbins Cup futures trading competition with a capital of US dollars.

Just one year later, he ended the year with an astonishing profit of $114 million, creating an ultra-high rate of return of more than %, winning the championship and shocking the entire US trading community. The runner-up that year only earned $6, which pales in comparison to Williams' brilliant record.

However, what is even more astonishing is that when people looked through Williams' trading records during the competition, they found that his account balance in September 1987 was as high as $.9. This means that the profit of $18 million was not the peak of his participation in the competition. His account income once soared to an astonishing $114 million!

The Robbins Cup championship honor made Williams famous and the focus of everyone's attention. What is even more admirable is that he not only achieved outstanding achievements himself, but also successfully trained his family members to become trading masters.

His daughter Michelle Williams inherited her father's legacy at the age of 17 and also won the Robbins Cup Futures Trading Championship. His wife also created an extraordinary record of 72 profits and only 1 loss in futures trading.

In Williams' view, investment and sports competition are similar. He believes that as long as you study hard and maintain a good attitude, anyone can make great progress in the field of investment. However, those who only dream of getting rich overnight will eventually be swallowed up by the cruel reality of the market.

In addition to being an outstanding trader, Williams is also a talented writer.

His books include "Secrets of Stock Picking", "How I Made a Million Dollars in Commodities Trading", "How Seasonal Factors Affect Commodities", "Short-Term Trading Secrets", "The Ultimate Guide to Futures Trading", and "Futures Trading Rules".

These books not only embody his rich experience in the field of trading, but also demonstrate his profound insights into investment philosophy.

For investors who aspire to succeed in the futures market, reading Williams's works is undoubtedly a valuable asset. Perhaps, in these words, you can understand the essence of his investment, and just like his daughter and wife, find your own path to success in the turbulent futures market.

In addition, Williams' short-term trading skills and trading principles are also worthy of in-depth study and understanding by every investor.

He emphasized that although the shorter the holding period, the smaller the chance of making a profit, it does not mean that success cannot be achieved.

The key is to flexibly apply various trading strategies and accurately grasp the pulse of the market in order to stand out in short-term trading.

Larry Williams has become an immortal monument in the futures industry with his outstanding trading skills and profound investment wisdom. His story tells us that as long as we explore and practice with our heart, everyone has the potential to create his own legend in the investment field.

Larry's short-term trading profit strategy is like a calm conductor, accurately directing every step of the action. After he enters the market, he sets a stop loss point, just like setting up a line of defense to ensure that he can stop the loss in time when any market storm comes.

After that, he no longer pays too much attention to every fluctuation in the market, but devotes more energy to other more valuable things. At the closing time, or later, he will return to the market, leave steadily, and take away his own profits.

If you want to make money in trading, a wide range day is the best opportunity for us to seize. On such days, the price fluctuations in the market are as exciting as a roller coaster, and the closing price is often like a magnet, attracting the price to the highest or lowest price of the day.

For a short-term trader like Larry, holding on until the close is undoubtedly a wise and productive choice.

When observing the characteristics of wide-range days, we found some interesting patterns.

In most of the days with wide fluctuations, the opening price is often close to the lowest price of the day, while the closing price tends to be close to the highest price. On the contrary, in the days with wide fluctuations, the opening price is close to the highest price, while the closing price tends to be close to the lowest price. These rules are like the secret language of the market, and only those who know how to interpret them can profit from them.

As for the entry method, Larry has his own unique insights. He found that neither the trend indicator nor the oscillator indicator is as direct and effective as the volatility breakthrough. When choosing the price to add or subtract volatility, he believes that the opening price is the most appropriate reference point, not the closing price or other prices.

In short-term trading, Larry pays special attention to pattern identification and utilization. Those successful trading patterns have one common feature: they are good at taking advantage of the extreme emotions in the market.

When the price moves in the opposite direction, it is a good time to open a position. His logic is simple but practical: when the market should fall but does not fall, it often means that the opportunity to rise is coming; similarly, when the market should rise but does not rise, the risk of falling is also quietly accumulating.

In terms of data analysis, Larry prefers to focus on the data from the past 1 to 4 days. He believes that these data can more accurately reflect the short-term trends and sentiment changes in the market, and have important reference value for guiding trading decisions.

For short-term traders, the most important principle is to follow the current market trend.

Larry knows very well that predicting the top and bottom of the market is a very stupid thing, because market trends are often affected by many factors and are difficult to predict accurately.

Therefore, he always adheres to the trading strategy of following the trend and only trades when the trend is clear.

In the process of trading, Larry always adheres to one principle: profits must be accumulated over time. He understands that only by holding on to profitable positions can the accumulation of profits be truly realized.

Those losers who are eager to succeed and exit the transaction too early can only watch their profits slip away. Therefore, he always reminds himself to remain patient and determined, and stick to his principles and strategies in trading.

In the world of trading, survival always comes first. Larry knows that only by staying calm and rational can one survive the ever-changing market.

He sees trading as an emotional game, and he himself is the winner who can control emotions and dominate the game. He uses his wisdom and courage to constantly challenge the limits of the market and realize his trading dream.