In 1960, Williams graduated from Billings High School, in Billings, Montana.
He is a graduate of the School of Journalism, class of 1964 at the University of Oregon in Eugene.
In 1987 Larry Williams won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company, where he turned $10,000 to over $1,100,000 (10,900%) in a 12-month competition in a live trading environment using real money.
He later published a book about this experience called “How I Made One Million Dollars Last Year Trading Commodities”.
But Larry Williams career has also had some ebbs and flows. His success did not go unnoticed, particularly by the Internal Revenue Service (IRS).
As a radical tax protester, Larry Williams locked horns with the IRS (a futile fight) and narrowly missed being sent to prison for tax evasion.
However, on February 5, 2010, the IRS decided to drop three charges of tax evasion when Williams pleaded guilty to three misdemeanor charges of failing to file income tax returns on time (for tax years 1999, 2000, and 2001).
Larry Williams won the 1987 World Cup Championship of Futures Trading.
He turned $10,000 to over $1,100,000 (10,900%) in a 12-month competition of live trading.
Larry Williams is considered to be the godfather of technical analysis, he created many of the technical tools that are currently used by traders today.
Williams focuses on correlations between asset prices. For example, he was able to identify a positive correlation between USD and Costco retailer (USD rises so too does Costco stocks and visa verse.
He looks for seasonality opportunity in stocks, such as buying coca cola in February. Williams uses technical analysis for short-term trades and seasonality changes together with fundamental analysis for long-term investment opportunities.
Larry Williams is reportedly the only futures trader in the world to trade $1 million of his own money live at seminars around the globe
Williams has taught thousands of students to trade the markets. Moreover, he is reportedly the only futures trader in the world to trade $1 million of his own money live at seminars around the globe.
He is also a prolific writer, an author of eleven books, most of stocks and commodity trading related themes.
His first investment book entitled,”The Secret of Selecting Stocks For Immediate and Substantial Gains” was published in 1970.
That was soon followed by another book entitled, “Sure Thing Commodity Trading, How Seasonal Factors Influence Commodity Prices”. It was the first book of its kind on the seasonality of stocks and futures.
Other books include The Mount Sinai Myth, which is based on an archaeological search for Mt. Sinai in Egypt. This book was featured in Vanity Fair in a re-write by Howard Blum.
Larry Williams is also well known for the numerous technical market indicators he has created.
Such as the Williams %R, (a market timing tool), Ultimate Oscillator, COT indices, accumulation/distribution indicators, cycle forecasts, market sentiment and value measurements for commodity prices.
This tool still is published daily in many major financial papers and is a standard indicator provided on trading websites, software, and apps around the world.
Larry Williams’ son, psychiatrist Jason Williams, has written a book on the personality of winning traders, The Mental Edge in Trading.
What pleases me about the contest is that most of the winners of the championship have been my students as well as my daughter who won in 1997. People can learn to trade – Larry Williams
(talking about winning the Robbins World Cup Trading Championship)
CONNECT WITH INVESTOR
Follow this World Top Investor via their various social media channels and read more about their background and current investment interests on their official website:
Dan Loeb targets Sony. Dan Loeb is an activist investor and founder of Third Point, which oversees about $14.5 billion in assets.
Last year the activist investor viewed Campbell soup as a bargain when Third point reported that the soup maker could fetch a takeover value of $52 to $58 per share.
A year later and the activist investor Dan Loeb targets Sony
Dan Loeb's activist hedge fund Third Point is raising an investment vehicle to generate between $500 million and $1 billion so it can continue to buy Sony shares, according to a recent report in Reuters.