Friday, September 16, 2005

Larry Williams Interview and Templeton Insight

First check out Maoxian's Wise Words from John Templeton here. Oh yeah, I was truly scared when putting on the QQQQ option trade back in April. But, you can't beat an average profit of over 200% from that one trade. To be honest, made my year. Templeton's words ring true, "The art of successful investment is counterintuitive."

Next take a gander at RealWorldTrading's recent interview of Larry Williams (father of the Michelle Williams) Interesting tidbits from the interview?
Larry's daughter, Michelle, won the World Cup trading championship at age 16 following one of his systems turning a $10,000 account into $110,000. Aye-chewowa.

Larry disses Gann charts, Fibonacci, and TA concepts but has seen a relationship between stock prices and the new moon cycle (astro-finance).

I like his thoughts on the 50 lowest priced stocks, seasonality of the different sectors, and trading with the insiders.

Well, everyone have a great weekend. Tomorrow is Father-Daughter day for yours truly. A day filled with getting doughnuts, watching movies, working in the garage, eating popcorn, and just chillin' like a villain. Or as my daughter puts it, "Chill like a Vill."

Later Trades,


1 comment:

Dan McCarthy said...

I agree with Larry on insiders. Under the right set of conditions, one can trade off of insider data and price action quite profitably.

Speaking quantitatively, there are structural characteristics of insider trading which lend themselves well to statistical analysis (for example, long memory esp relative to price data), even though there are others (for example, time horizon concerns) which scare off a substantial portion of the hardcore trigger happy quant traders.