How I Made $1
Million Trading Commodities by Larry Williams
If
you've thought the commodity market was just another Las Vegas, take
heart! Larry Williams is about to show you how anyone of reasonable
intelligence can consistently beat the market, year
in and year out.
You'll see all the tools he uses to ferret out the super trades that
lead to gains of well over 1000%. Williams' basic theory is that
future price direction is pretty well known by the large
commercial users, producers and consumers. These are the people that
must have commodities to stay in business. Every speculator dreams of
making a million dollars in one year. Unfortunately, few traders
accomplish this dream. One man who has done it is Larry Williams. Now
you can discover how Larry made his incredible fortune... and find out
how these same simple methods can be applied to your own trading. In
addition to sharing his favorite techniques, Larry reveals a technical
system he uses to time his entries and exits and pinpoint what he
calls “sure-thing trades.
This secret to commodities, in the author's opinion, is tracking these
billion dollar super powers. Williams uses several methods to find out
what commodities they are most bullish or bearish on. His technique is
further refined with a unique technical system to time your entry and
exits from the sure-thing trades his system isolates.
In addition to learning Williams' methods, you'll also learn how he
thinks and what it takes to become a winner, psychologically speaking.
If you are a commodity trader, this book is an
absolute must; if you're a stock trader the book will expose you to an
exciting new approach to trading and thinking. Learn how to beat the
markets in this tell-all book from one of America’s top traders
Every speculator dreams of making a million dollars in one year.
Unfortunately, few traders accomplish this dream. One man who has done
it is Larry Williams. Now you can discover how Larry made his
incredible fortune... and find out how these same simple methods can
be applied to your own trading. In addition to sharing his favorite
techniques, Larry reveals a technical system he uses to time his
entries and exits and pinpoint what he calls “sure-thing trades.
CONTENTS
Chapter 1
- Exactly How I Made My Million Dollars
- How Dreams Come True
- Lady Luck - Does She Exist?
- What I Would Do Differently
- The Rate Race and Commodity Trading
- Random Thoughts on a Non-Random Market
- Stick to Your Game Plan
- Relax Your Way to Easy Street
Chapter 2
- My Key Ingredient to Market Success
- How Winners End Up Losers
- How to Manage Money and Eliminate Margin
Calls
- The 30% Stop Rule
- How to Know When You Are Over-Extended
- My Unique Pyramid System That Almost Guarantees Profits
- How a Square Can Be a Pyramid
- How to Stop Points
- How to Know the Number of Contracts to Buy
- How to Win Even When You Are Losing
- Putting It All Together
Chapter 3
- My Frank Advice for Beginners
- The Important Difference Between Stocks and Commodities
- Terms You Must Know
- A Word About the "Wall Street Journal"
- How to Select the Best Broker
- The Smart Money Way to Select a Brokerage
Firm
- My List of Superior Advisory Services
Chapter 4
- My Million Dollar Fundamental System
- Fundamentals: Why They Are Important
- Two Definitions That Are Important
- A Sampling of Fundamental Tools
- My Million Dollar Tools
- My First Smart Money Tool
- My Second Smart Money Tool
- My Third Smart Money Tool
- How to Evaluate All Fundamental News
- What to Do Once You Have Made Your Fundamental Decision
Chapter 5
- How to Find Trades With 10/1 Odds
- Spotting the Best Trades
- The First Indication of a Million Dollar Trade
- Your Second Lesson on Premiums
- The Second Indication of a Million Dollar Trade
- Why These Million Dollar Tools Work
- Additional Tools to "Clinch" Your Trades
- Contrary Opinion
- News Action
- How Charts Forecast
- Commitment of Large Traders
- How to Identify Trend Direction
Chapter 6
- My Million Dollar-Never Before Revealed-Trading
Tools
- A Word on Technical Theory
- The Profitability of Momentum
- How Fast Are Prices Changing?
- Time Period Important
- The Markets' Most Important Technical Aspect
- How to Tell When a Commodity Is Oversold
- Timing Your Silver Trades
- Soy Bean Oil and Super Profits
- The Secret of Selling Short
- Identifying a Setting Point for Beans
- How to Handle Trading Ranges
- How to Combine Momentum with %R
- How to Use These Tools in a Bull Market
- How Technical Data Can Identify the Fundamentals
- Ten Week Average - Rules
- How Price Smoothing Detects the True Trend
- How to Use the Fundamental Direction Index
- A Negative Note
- What a "Lead-Pipe-Cinch" Trade Looks Like
Chapter 7
- How I Read Charts
- What Charts Can Show
- How Charts Detect the Strongest Commodity
or Group of Commodities
- How I Monitor Chart Action
- How Charts Identify Turning Points
- My New Reversal Day Discovery
- The Meaning of Gaps
- How Gaps Help You Get Discounted Prices
Chapter 8
- The Great Silver Secret
- My Best Line
- The Buy Signal
- The Sell Signals
- The Sugar Secret
- Special Hints on the Use of This Unique Method
Chapter 9
- How Transactional Analysis Helped Make My Million Dollars
- Commodity Winners: What They Have in Common
- Identifying a Few Market "Games"
- The "Dumb Broker" Game
- The "Dumb Client" Game
- The "Help Me - I'm Just a Poor
Country Boy" Game
- The "Let Me Rest" Game
- Why I Like Losers
- How to Become a Winner
Chapter 10
- My Priceless Trading Hints
- How to Profit from the Morning Bulge
- How to Spot Commodity Cycles
- When to Buy at the Opening
- When to Use Market Orders
- How a Very Small Trader Can "Test" the Market
- The Secret of Three
- The Five Day Major Move Signal
- What Are the Odds for an Advance This Month?
- More Information on the Commercials
- Where to Place Stops
- Time Stops
- How to Use Mental Stops
- A Final Comment on Open Interest
- How to Forecast Tomorrow's High and Low
- My Pivot Price Formula
- How to Identify the Exact High or Low of a Move
- The Ultimate Trading Tip
Chapter 11
- How to Start Making Money Tomorrow Morning
- What to Do Today
- Where Most of Your Time Should Be Spent
- Additional Hints on Using Technical Tools
- What to Do When You Have Your Signal
- How You Will Profit
- What to Do When You Are Stopped Out
- How Pros Handle Their Profits
- The Most Important Trading Advice I Can Give You
- When to Take Your Profits
- When to Move Stops Closer
- A Closing Statement
- Your Success
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