11,300% Return in One Year | Interview with Larry Williams

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📰 TL Trading Academy: traderlion.com/YT-TLA Welcome Back to the TraderLion Podcast. Today as our guest is Larry Williams a veteran and influential trader and author with over 60 years experience. He is well known for willing the 1987 World Cup Championship of Futures trading with an incredible 11,300% in one year.
In this interview we cover many different topics including Larry's background, methodology, super performance, risk management, entries/exits and Trading Psychology.
►Connect with Larry
www.ireallytrade.com/
Enjoy!
- The TL Team
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Timestamps
0:00 Introduction
0:40 Larry William's Trading Background
2:25 Books and Trading Influences
4:45 Relative Strength
6:45 Trading Different Markets, Futures and Commodities
8:15 The Importance of Liquidity
8:56 Significant Turning points in Larry's Career
11:55 Oops Reversal Setup
13:40 Traders Larry Learned from
15:00 Steve Cohen
16:25 Larry's Trading Book Recs
19:20 Limiting noise
19:40 Larry's Biggest Loss ever
22:00 Position Sizing Guidelines
24:50 Never Average Down
25:38 Keys of Risk Management
27:00 Use Stop Losses
27:30 How to set a Stop Loss, Position Sizing
28:30 Money Management is key
29:30 How Larry achieved 11,300% in 1 year
31:30 Daughter's Performance
33:40 The Next trade is a 50% probability
35:31 Larry's Timeframe
36:19 How Larry interprets price action. Relative Strength
38:40 Larry's Study of volume
40:00 How Larry uses different timeframes
45:00 Mechanical trend-following indicator
46:30 AAPL Analysis
48:40 Larry's Sell Rules
49:20 Larry's Daily Routine
51:00 The importance of Physical Health
52:30 Athletic Background helps Traders
53:24 Advice for Traders
56:49 Changes to the Market
58:22 Trading Psychology

[@TraderLion]

📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG
👇 What you'll learn!
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back.
Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions.
Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential.
Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis.
Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts.
Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques.
Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.

[@mgn721]

Larry is so humble and generous. Always learned a lot from him. Thanks for the interview!

[@TraderLion]

Glad you enjoyed it!

[@realpristinecap]

I just died laughing when Larry said because he is an old man he only risks 40% of his account per trade LOL

[@TraderLion]

Lol!

[@nicholasanderson9019]

Lol same

[@realpristinecap]

@@nicholasanderson9019 😂

[@TheUgozone]

Surely Larry meant 4% per trade.

[@samricher]

He actually would risk that much in the past if you read between the lines. That’s how he got into drawdowns. You can’t turn $1000 into 2 million in one year risking 1-2% of your account. Every exceptional trader I studied had one thing in common. They don’t follow the 1% risk per trade idea

[@KpxUrz5745]

I have such respect for Larry that it's hard to put into words. I met him at a seminar sponsored by Tradestation a long time ago. During a break I remained attentive, and happened to hear him step to the side to call his broker to buy a large batch of S&P contracts. Later in the day he sold them and made what I considered to be an absolute fortune that day, and yet he made no announcements about taking that trade and it was not part of the class. This is just what he does: a superb job of quietly plying the edge he has over markets as a result of his own original brilliant analysis. Soft-spoken and modest, to me Larry is the most brilliant trader I have ever encountered, and I have met quite a few rather famous traders and authors in my day. Anyone who has had the opportunity to learn from Larry Williams or to meet him personally is very lucky, indeed.

[@dasfahrer8187]

It's awesome to see Larry still at it. My late father, who was a commodity futures trader back then as well and wrote a series of Almanacs twice a year, used to talk about Larry and a few others with great regard. He's a true legend.

[@TraderLion]

1000%

[@aisniper4095]

I never get tired of listening and learning from Larry.
Such a fantastic guy! It's a pitty I never had a chance to be his student and now he's retired!
Amazing interview!

[@TraderLion]

Larry is awesome!

[@slueyc]

Thank-you Larry for verbal gold . Richard you are the best.I said it when you started your youtube channel and ill repeat it now again . Nobody can do what you do , allowing the guest to run the show under your stealth guidance . Brilliant interview.

[@TraderLion]

thanks!

[@merrills8984]

Larry Williams is such a fantastic guy! I went to one of his seminars outside of Chicago 20 years ago. He has the same enthusiasm for the markets now that he did then.

[@TraderLion]

Definitely!!

[@middleagemuscle7064]

I could listen to Larry talk all day. I've been trading full time for 3 decades, and Larry was a great inspiration to me.

[@blazetrader]

so so pleased for your success!

[@blazetrader]

i WISH MY KIDS WOULD LISTEN!!

[@ananthasusairaj330]

@@blazetrader I created a playlist of your videos that I listen to. It is a wealth of information with a very holistic approach. I lost many years not having a good mentor. I wish I had known you earlier

[@blazetrader]

@@ananthasusairaj330 life goes on so just stay the course with my best wishes

[@jsunproter1940]

Yeah he was one of the 1st trading experts that I ran into and started learning from back in the 90's as well. I gotta say I don't always agree with him but i still respect his opinion

[@stanley_black]

What a terrific interview with the legendary Larry Williams! Thanks to the awesome advice. And Richard did a great job in hosting the show.

[@TraderLion]

Thank you!

[@VijRaghavan]

Fantastic Interview, learned valuable lessons, Thank you Richard for bring Larry to the show.

[@tharin9094]

The chart comparison thing is really cool. Thanks for the great interview. Keep up the good work.

[@angeloventura9330]

Larry!! One of the best traders of all time... you have an open mind for trading strategies... and always amazes me with his experience and wisdom!!!!

[@M.i.k.e.]

Great talk. Thanks Richard. You're an excellent interviewer.

[@TraderLion]

I appreciate that! thanks mike

[@miguelsampaio6717]

Thanks Richard for this great talk with this titan !!!
For me playing poker is a good way to understand and
feel risk management.

[@TraderLion]

Perfect!

[@jerome2874]

Very lucky to have this interview. Thanks a lot. Larry is the best.

[@TraderLion]

1000%!

[@ronniegod]

Great Video Richard. Timeless insights and advice from Larry. I wanted to request if you can do an interview with Larry on COT data to get little bit more insights with respect to commodities and equities

[@blackpelican5205]

Can you imagine how cool it would be to have him as your grandpa? I'd visit every day to learn about the markets while drinking tea lol! Thanks for the great video.

[@TraderLion]

For sure!

[@hemantrk283]

May be our grandchildren would also expect the same.

[@Ro_hitttt]

I would love to be that cool grandpa someday lol

[@lisaowen7617]

Well, he is Matilda Ledger's grandpa.

[@shahidmahboob3152]

I met Larry back in 1994. Still have his book "Batting 800" from way back when. What a wonderful mentor.

[@shahidmahboob3152]

...also attended all of his "Inner Circle Workshops"

[@kaushitwakafidi]

@@shahidmahboob3152 Intriguing

[@TraderLion]

Shahid, it's lovely hearing about your encounter with Larry! He truly is an amazing mentor. Thank you for your support, and here's to more learning from legends like him! 😊📖

[@TraderLion]

Timestamps
0:00 Introduction
0:40 Larry William's Trading Background
2:25 Books and Trading Influences
4:45 Relative Strength
6:45 Trading Different Markets, Futures and Commodities
8:15 The Importance of Liquidity
8:56 Significant Turning points in Larry's Career
11:55 Oops Reversal Setup
13:40 Traders Larry Learned from
15:00 Steve Cohen
16:25 Larry's Trading Book Recs
19:20 Limiting noise
19:40 Larry's Biggest Loss ever
22:00 Position Sizing Guidelines
24:50 Never Average Down
25:38 Keys of Risk Management
27:00 Use Stop Losses
27:30 How to set a Stop Loss, Position Sizing
28:30 Money Management is key
29:30 How Larry achieved 11,300% in 1 year
31:30 Daughter's Performance
33:40 The Next trade is a 50% probability
35:31 Larry's Timeframe
36:19 How Larry interprets price action. Relative Strength
38:40 Larry's Study of volume
40:00 How Larry uses different timeframes
45:00 Mechanical trend-following indicator
46:30 AAPL Analysis
48:40 Larry's Sell Rules
49:20 Larry's Daily Routine
51:00 The importance of Physical Health
52:30 Athletic Background helps Traders
53:24 Advice for Traders
56:49 Changes to the Market
58:22 Trading Psychology

[@Foxtrottangoabc]

Good interview , good questions , and such a pleasant guy Larry to listen to

[@TraderLion]

1000%

[@Blackridge.]

Mr Larry williams is my favorite investor/trader because he tells you specifically how to make money. Not just vague quotes and words

[@glennsilverman522]

Another great interview. Larry is an incredible person and his life is even more interesting than his trading career. I used to like running into him at the local bagel shop 30 years ago.

[@TraderLion]

Larry was great!

[@InsiderWeek]

I became a profitable trader using Larry’s strategy based on the COT report. Thank you Larry for all your work.

[@TraderLion]

Good to hear!

[@mehrdadmithra9591]

Thank you for presenting veterans, it is invaluable.👍👍👍

[@TraderLion]

Our pleasure!

[@whtpwr]

Great info from Larry. Excellent interview.

[@TraderLion]

Glad you enjoyed it

[@tc18h]

Thank you for bringing all the legends back!

[@TraderLion]

Absolutely! Our pleasure.

[@TraderLion]

Thanks for watching Kai! Larry Williams was awesome.

[@zar4dam]

This interview is packed with valuable information. I learned a lot about Larry Williams' trading methods, and I'm definitely going to implement some of them in my own trading. Thank you :)

[@TraderLion]

Great to hear!

[@themaizeandblue]

the most impressive tidbit in this interview (and there were many) is that Larry competes in high jump

[@figgy163]

Absolutely superb, excellent throughout and the last few minutes really highlight the focus and discipline the great traders need to become great. Up to now I’d only heard of pork bellies in the movie Trading Places. 5 ⭐️ interview. 👊

[@TraderLion]

Thanks Tony!

[@gsingh144]

Thanks Richard and to Larry for making this video for us, many wise words in this podcast for us , keep up the great work you are doing to help traders become successful.

[@TraderLion]

Thanks for watching!

[@trdfrguson007]

Almost 40 years ago, when I was a medical student in Chicago, I was introduced to Charlie D. I had not heard him mentioned again since until recent weeks, when he was mentioned on this and another CZcams video which I stumbled upon.

[@xxxs8309]

Larry had the highest return ever in the US Trading Championship

[@jmartinez562]

Excellent Video, there should be a Top 4 or 5 Bullet points the interview learned he thinks were the most important answers his guest talked about

[@RafalLuberacki]

iam a big, big fan of you Larry. I have been trading using a lot of techniques like fibo, support and resistant, overbalance etc... but your way of trading the best suits me - thanka you, thank you, thank you :)

[@chandankumar-di1db]

What a great interview 👍👍, excellent and valuable information got to know 👍👍 really thanks for bringing Mr. Williams on the platform 🙏🙏

[@TraderLion]

Our pleasure!

[@darioteodori4811]

I started as mechanical and is the first time I hear that discretionary makes more money and it does make a lot of sense. Best tf systems i was able to backtest were making 20% a year. Volume analysis along with patterns are hard to tell in an automated way.

[@NZBRG1]

Excellent interview. Thanks.

[@timiadetona]

This was so good. Thanks to both of you!!!

[@TraderLion]

Thanks for watching!

[@prajwalkaluse9360]

Great channel which shares thoughts of great traders and investors.

[@TraderLion]

Thank you!

[@filippoallampresemanesross6180]

One of the very best interviews on Larry Williams I have ever seen ✅

[@TraderLion]

Thanks!

[@naples1161]

What a terrific interview. Larry Williams is such a down to earth and interesting man. Wow. One of your best, Richard!

[@TraderLion]

Thanks!

[@ggozggoz7905]

Love the way this living legend talks the walks, walks the talks all his life.

[@TraderLion]

Absolutely!

[@WtbgoldBlogspot]

"How do you identify that pivotal point?"
"I drink a lot." 😂

[@TraderLion]

hahaha

[@JB-mw7zt]

I have to admit I haven’t seen your other videos but Larry Williams is arguably one of the best traders of all time. Congrats getting him on your show. Definitely subscribed now.

[@VinnyEmini]

Are you aware that the 1987 11,000% win was a fraud? If you were not aware you can watch the video details on it and there's an entire book written about it

[@William.-.]

@@VinnyEmini what the book called? I am interesting in reading it

[@moneymakerfosho6915]

Started out slowly, but there was some really good information in this interview thank you 😁😁😁

[@TraderLion]

Glad it was helpful!

[@bluebutterfly366]

Great interview! Thanks Richard

[@TraderLion]

Thanks!! 💯

[@aravindtiwari9702]

Awesome content!!
Keep up the good work.. 👍👍

[@TraderLion]

Thanks!

[@maarrsseelli]

FANTASTIC INTERVIEW. Just about anything Id want to ask larry. thank you. side note, man DANGGG 30% risk per trade that is bananas

[@TraderLion]

Agreed haha.

[@whtpwr]

Great wisdom. I seen Larry in a seminar in Vegas in 98.

[@TraderLion]

Thanks for watching!

[@szefix]

Thank you for doing this !

[@TraderLion]

My pleasure!

[@Dannydhanny]

Richard, I always wonder if these percentage profits are based off of thei capital or capital invested or just the percentage profit booked booked on each trade? These numbers are huge.

[@mouaadchlibi7290]

Thank you so much. Such a humble guys

[@TraderLion]

Larry was awesome!

[@layb2479]

Wow, learned a lot. Really grandfatherly advice.
And i must commend the way you ask questions, just enough to provide context but not too long that after such a long question you forgot already what was the question.

[@TraderLion]

Thank you!

[@samir_1144]

Great interview! Thanks!

[@TraderLion]

Glad you enjoyed it!

[@LucasCosta-bi4ik]

Pretty amazing !! This channel is awesome!

[@TraderLion]

Glad you enjoy it!

[@themindsculptor_]

Love this! Thank you :)

[@TraderLion]

We're thrilled you enjoyed it, Valentine! Thanks for your support and stay tuned for more! :)

[@FarhanAnwarOfficial]

Fruitful learning from Larry sir 👍

[@TraderLion]

Glad to hear that

[@TraderLion]

He’s awesome!

[@VinodSharma-zr5lp]

Thanks for the interview.

[@TraderLion]

Thanks for watching!

[@martinluk5813]

Another intriguing interview! Love it!

[@TraderLion]

Thanks!!

[@antoniotan8975]

Very wise, practical sharing, Larry!:-)

[@TraderLion]

Thanks for watching!

[@kitzai6843]

Very cute Larry~ thanks for your sharing!!❤️

[@jsh111]

This guy is in his 80s and learning how to high jump. Freaking legend

[@michaels3003]

79.

[@TraderLion]

💯

[@christrueman7328]

This channel is a Gem. It should have a lot more subscribers but that shows you the general state of things…Solid channel with top notch content vs Lambo Crypto moon boys…it’s human nature I suppose to settle for the lowest common denominator…lazy brains…still I suppose that’s the 95% that try and fail…Good work Richard…keep up educating the rest of us👏

[@TraderLion]

Thanks Chris!

[@denisef7414]

Wisdom. Thank you

[@TheMountainBeyondTheWoods]

Very interesting talk.

[@VijayArlagadda]

Richard your interviews are great. I see only one episode in podcast platform. It will be great if all episode of CZcams podcast are available in podcast platform.

[@TraderLion]

We’ve uploaded all the podcasts

[@kaushitwakafidi]

This dude is incredible man, love his mindset

[@TraderLion]

Glad you enjoyed it!

[@leader1981a]

Gems on this interview: there must be a trend to make money; let it enough time to ride that trend (timeframe of the trend is based on your system)

[@TraderLion]

Thanks for watching!

[@who_are_you3938]

Thanks for this ❤

[@TraderLion]

Happy to share it! 💙

[@nathaelgonzalez8991]

Larry rocks !!!

[@sudartosung6047]

nicely put,.. thanks u

[@TraderLion]

Welcome!

[@Luis-kg9mx]

Great talk! what books is he reffering when he talks about money managment?

[@blazetrader]

anything by ralph vince

[@PedroDVC]

So many nuggets of wisdom here, pay attention!!

[@TraderLion]

Glad you found it insightful! Thanks for watching!

[@brianzamparelli9166]

Great interview. ❤

[@TraderLion]

Thank you! Glad you enjoyed it!

[@MrPinipinhas]

Amazing interview

[@TraderLion]

Thanks!!

[@zwriter3658]

Larry has a unique ability to teach well.. I wish I heard he made 11,000% more times than just in the 80s..

[@bensuly1881]

Great Interview, I am up 650% since March risking 25% on every trade, I just learned that it all has to do with my risk percentage .

[@nightowl2928]

How much leverage you are using?

[@bensuly1881]

@@nightowl2928 I don't use margin, I use Optons to express my trade ideas which gives me more leverage

[@thisguy73]

@@bensuly1881 This will work great until a 2000-2002 era hits. Which eventually it will someday.

[@bensuly1881]

@@thisguy73 totally agree, you should always use progressive exposure and finance your next trades from the current profits, not going all in!

[@kgupta2205]

@@thisguy73 1000% correct.

[@ergo4422]

Reminds me of Buffett. Great interview.

[@TraderLion]

Absolutely!

[@DanielFlores-no9wc]

I mean this guy have a Lot of experience thanks for this bro

[@TraderLion]

Our pleasure!

[@kaasifrizvi388]

Superb
Thanks 👍

[@TraderLion]

Happy to share!

[@MrPink1750]

LARRY ###### WILLIAMS!!!!. Richy boy, another home run 👍.

[@TraderLion]

Thank you!

[@lakhadhaliwal5362]

best interview 🎉 thanku so much larry and richard🏅 . one day me also win robin cup then i post this comment on my twitter 😉😉

[@MrDumile]

Gold - well done

[@TraderLion]

Thanks!

[@TBradFashionModel]

20:30 Important point

[@TraderLion]

Definitely!

[@mohammadfarzan230]

Thanks

[@TraderLion]

Thanks for watching!

[@atmajazone]

Is that supertrend indicator?

[@mydogma7116]

Very interesting video

[@TraderLion]

Glad you think so!

[@MrTraderon]

So what are the indicators he's touting? Proprietary?

[@lauercody]

What is your favorite/best indicator that for showing accumulation, overbought/oversold, momentum, and pattern of market?

[@blazetrader]

POIV for futures PROGO for stocks or OBV

[@RRP714]

For sure.

[@joeliu379]

Are you guys still uploading to Spotify?

[@TraderLion]

Yes we will be, this week.

[@pejoly2]

LARRY!!!!

[@TInyK12]

I remember he called the bottom during the covid dip.

[@TraderLion]

Absolutely!

[@ChrisNelson90]

The red trend following indicator on his charts… what was that called or was that his proprietary creation?

[@TraderLion]

It was proprietary I believe

[@bharatmaniz]

That was amazing. TraderLion, can you please find out what indicator that was?

[@galactus1111]

yes his indicators seem really unique and useful. shame they are proprietary

[@go737]

He is father of rsi macd Ema

[@jiali24]

Incredible veteran. But he is the first trader TL interviewed, whom I can’t follow the strategy. The risk is too big for me to swallow. Oh well..
Another interesting factor is he studied volume in 1970s. But with the printing of money nowadays and the huge inflow of liquidity in the market, it might be different now

[@alekhghosh4857]

Such a great content and only 152 likes ... 😭

[@carterfinance2376]

It leaves more knowledge for just us :)

[@TraderLion]

smash the like button!

[@angle0angle096]

Trend is the only way to make money. No trend ,no money. Small postion to catch a big trend.

[@TraderLion]

Right on!

[@Kittnet]

Omg 10k to 2 million in 10 months 🙀