020: Larry Williams: Tips and Insights from 50 Years of Trading [AUDIO ONLY]

In this weeks episode Larry Williams discusses conditional trading, understanding what drives prices, the misuse of indicators and how to apply them correctly. We also discuss cycles, forecasting markets, what to look for in market tops plus loads of listener questions where Larry shares tips and insights from 50 years of trading.
Topics discussed:
- What it means to be a conditional trader
- Why buy and sell signals need to be analysed in the context of market conditions
- Fundamental factors that drives markets
- Interpreting the COT reports correctly
- The buying differences between retail and commercial traders and how it can indicate future market direction
- Why you should approach trading like a combination lock
- Coming up with unique indicator ideas
- The mis-use of indicators and how to use them correctly
- Trading styles of successful traders
- Forecasting markets based on technical factors
- Characteristics of stock market tops and bottoms
- The fundamentals to watch during market tops
Listener questions:
- Issues with the Forex market
- Trading prices patterns, do they still work and are they scalable
- Why short term price patterns work
- What happened in 2002 and why you need to consider that when backtesting
- Will trend trading always be effective?
- How many positions to trade at one time
- Money management tips for those who aren't into heavy maths
- Choosing the best markets to trade
- Favourite Larry Williams indicator
- What keeps Larry motivated to trade after 50 years
- What drives peak performance (it’s not money…)
- The key component that really drove Larry to becoming a consistently successful trader
- How Larry lasted so long in the industry
- How to overcome emotions when entering or holding trades
- Larry’s biggest contribution to the trading industry
- Why Larrys strategies have lasted the test of time
- Common traits against the most successful traders
- The trading model that’s worked for Larry for over 50 years
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Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

[@comfibold]

Larry is still going strong and he's nearly 80.

[@HighPowerOptionsTrades]

Great interview 🦾🦾🦾🦾🦾🦾🦾🦾🦾🦾

[@BetterSystemTraderPodcast]

glad you liked it!

[@OneCreator87]

Larry Williams is such a cool guy

[@fugly75]

Outstanding interview Andrew ...... really ...... you're very good you seem to ask just the right questions everyone wants to know. Thanks

[@BetterSystemTraderPodcast]

fugly75 Thanks for the kind words, glad you're enjoying it!

[@jiaoyizhidao]

What an interview!! Both Larry and Andrew are such bright people and the conversation has been great enjoyment to listen to.

[@BetterSystemTraderPodcast]

thanks @SG, glad you enjoyed it!

[@eliremy6979]

5 years ago, this is my first time watching this and man great interview

[@BetterSystemTraderPodcast]

cheers eli

[@alanjohnson8396]

Great video. Very well done and extremely informative.

[@scottwhite115]

Thanks for the video.

[@borys444]

Wow what a great episode. A true professional at work..

[@BetterSystemTraderPodcast]

Glad you enjoyed it

[@momtazjee]

an art major who got a football scholarship who followed his passion in trading!-what a gem 💎!

[@roym1444]

Some outstanding questions by you and the viewers in this one.

[@BetterSystemTraderPodcast]

cheers @Roy!

[@JESS-CH]

Phenomenal, just amazing content. Larry Legend 🔥🔥🔥

[@BetterSystemTraderPodcast]

cheers @JESS

[@fromzerotospyro]

Great stuff sir

[@christmas10023]

Terrific Interview Great Guest Great Interviewer

[@BetterSystemTraderPodcast]

Cheers T!

[@MrSborghini]

Very good interview questions and dialogue. I just subscribed to your channel. Keep up the great work. Cheers Mate! Thanks

[@BetterSystemTraderPodcast]

+passion4life Thanks, glad you enjoyed it!

[@AshCampbell]

I love this channel, this podcast was excellent. Im developing a systematic algo strat (trend following)

[@BetterSystemTraderPodcast]

cheers @ash - spread the word! :-)

[@isamuatsuko587]

great interview

[@Bobylly]

Thanks alot!

[@BetterSystemTraderPodcast]

You're welcome!

[@angle0angle096]

"Every successful traders trade differently"

[@curiouse]

Andrew Swanscott, the Best Trading Podcast Host!!!

[@BetterSystemTraderPodcast]

+curiouse Thanks for the kind words, glad you're enjoying the podcast!

[@handyrams4822]

How do you bet small when you are swing trading. I thought I was trading small enough until I got complacent and I got liquidated.

[@FKadil]

Legend

[@bruceb85]

priceless

[@absoluttchamp]

Little did he know that the FED would destroy the free market with endless amount of money...