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6 quotes

LARRY WILLIAMS

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The secret to trading is not finding the perfect system. It is finding a system that has an edge and then executing it without letting your emotions get in the way.

disciplineemotionLong-Term Secrets to Short-Term Trading, 1999

Seasonality is the single most reliable repeating pattern in commodity markets. It exists because supply and demand cycles are real, and they happen at the same time every year.

commoditiesmarket-patternsLong-Term Secrets to Short-Term Trading, 1999

I have found that time is more important than price. Get in at the right time and price takes care of itself.

futuresmarket-timingHow I Made One Million Dollars Last Year Trading Commodities, 1973

Your losses will always tell you more than your wins. Study them. They are your real education.

learninglossesLong-Term Secrets to Short-Term Trading, 1999

Position sizing is where most traders make or lose the most money. You can have the best system in the world and blow up your account with wrong-sized positions.

account-managementposition-sizingTrade Stocks and Commodities with the Insiders, 2005

The Commitments of Traders report is the most important piece of market intelligence available to retail traders, and almost no one uses it correctly.

cot-reportfuturesTrade Stocks and Commodities with the Insiders, 2005