In 1982, his book "How to Prosper in the Coming Good Years" was published. It forecast the largest bull market and surge of economic growth the United States has ever seen. The book was written at a time when the majority of pundits were calling for slowdown in economic growth and stock market, which is exactly the opposite of what Williams forecast.
In 1987 Williams won the World Cup Championship of Futures Trading, sponsored by Robbins Trading Company, trading $10,000 in real money to $1,147,000 in 12 months – a feat no one else has come close to matching. It was a wild year, as Williams ran his winnings to more than $2,000,000 by the end of September, dropped down to $750,000 after the October ‘87 crash, and traded back to the $1,147,000 mark by the end of the year.
While some claimed that Williams maintained two accounts during the competition – one for winning trades and one for losing trades --- his contest account was closely scrutinized by the CFTC and NFA and this allegation was found to not be true.
Williams was the first to author books on seasonality in commodities and was the first to write on the Commitment of Trader Reports, of which he is generally considered the leading expert.
In 1997, at age 16, his daughter, Michelle Williams, used what Williams taught and won the same competition with exactly 1000% returns on her US$10,000 investment. As of 2006, Larry Williams' 100-fold gain is the highest in that competition.
The World Cup Championship event is regulated by both the National Futures Association (on whose board Williams has served) and the Commodity Futures Trading Commission.
In 1998, he received Futures magazine's First Doctor of Futures Award. The following year, he received Omega Research's Lifetime Achievement Award.
He is credited with having developed different indicators including:
- Williams %R
- Ultimate Oscillator
Larry Williams and Robert Cornuke once embarked on a journey to confirm the Bible as historically accurate and detailed their findings in the books The Mountain of Moses: The Discovery of Mount Sinai (1990), In Search of the Mountain of God: The Discovery of the Real Mt. Sinai and a DVD called Mountain of Fire where they document what they claim to be the real Mount Sinai.
Source : http://en.wikipedia.org/wiki/Larry_Williams_(trader)
