I’ve been a Larry Williams fan for a long time. If you’ve never examined commodity trading, you might not know that as a young man Larry signed up for this annual trading contest. You start with $10,000 and then trade it for a year, and the guy that makes the most money wins the contest.
(Doesn’t it make you wonder what the contest prize is?)
Larry started with $10,000 and then traded it up, using some blackjack formula for how much to risk on every trade. He made it up to $2,200,000.00 — that’s right, 2.2 million dollars — in about ten months, then had it all riding on one trade which went wrong, dropping his money to $700,000 — Whoah! — and then he traded it back up to $1,100,000. by the end of the year.
So when he offered the seminar, I was all ears.
The seminar was great. I learned about Larry’s ‘Blast Off’ indicator that tells when a big move is coming up. It nicely complements one of my own called ‘AC VPO2 TmBar Diverg’. Catchy name, huh?
I learned why the commercials sometimes buy early. (That is, why does General Mills buy so much wheat before what would appear to be the best time?) There were some others, and I got an interesting one modesty called ‘god’ by the guy sitting beside me, Frank from Cody Wyoming.
If I make 2.2 million I will post it here. It might take me a while. So far, I’m pretty clumsy.