How I Made One Million Dollars ... Last Year ... Trading Commodities (Hardcover)

by Larry Williams (Author)

Editorial Reviews

Product Description
This fascinating book is loaded with practical information designed to help you in the commodity market. The author's method...proven by his million dollar success...does not involve complicated math or subjective evaluation. There are two completely systematic methods; %R and Momentum. The essence fo these methods is that they tell you if the super powers are long or short; when the super powers expect a major move to start; what commodities are in true bull or bear markets; when to start buying and when to sell for gargantuan profits. This book is a must if you're a stock or commodity trader. It will expose to you an exciting new approach to trading and thinking--the same approach that has made Larry Williams a millionaire.

Product Details

• Hardcover: 130 pages
• Publisher: Windsor Books; 3 edition (February 10, 1998)
• Language: English
• ISBN-10: 0930233107
• ISBN-13: 978-0930233105
• Product Dimensions: 11.1 x 8.5 x 0.8 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 3.5 out of 5 stars See all reviews (15 customer reviews)
• Amazon.com Sales Rank: #489,467 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

13 of 14 people found the following review helpful:

5.0 out of 5 stars oh yeah? trade this!, November 14, 2002

By	Jim Toole (Strongsville, OH) - See all my reviews

Take the sections on price structure and open interest - throw the rest out if you like. You'll still have the most valuable trading book I've seen written to date. I see ten other reviews here, and only a couple mention OI's significance - mostly in passing. Very sad. Open interest's relationship with price action on a few levels deserves at least a few years of study, although it won't take you nearly that long for you to at least appreciate its importance the way it's presented in this book. This was the first market book I paid for as a market newbie in May '88. I still have fond memories of this basic OI move for OJ may 88, COP aug 88, PA oct 88, CT fall 88, COF dec 88, HO and HU summer 89. Try telling me again how worthless this book is...quit criticizing and study harder. The answers exist and much of it is humanly achievable. You're given a small morsel of it here and yet I see nothing but a ho hum response. That in itself is an interesting market lesson.

18 of 21 people found the following review helpful:

5.0 out of 5 stars Classics can't be ignored, March 5, 2003

By	Super Trader - See all my reviews

This was the first book I bought about futures when I was 16. A whole new world open up before my eyes, and the credibility couldn't be paralleled turnin $10,000 into over 1.1 million in real time, no one has topped.

Three years later I sat and passed my Series 3 commodities broker license. I still kept this book with me and used some of the practical approaches detailed in the book to help my clients trade more successfully.

Now after being involved with futures for 11 continuous years as a broker, an investor, and the author of three futures books I still find myself referencing Larry Williams material.

Unfortunately, others have a hard time accepting his methodologies and ideas. But if you have read MarketWizard by Schwager, none of those traders were alike. They traded with their own style, with their own risk tolerance, and most importantly with their own goals.

That's why Williams' information should be used solely as a base for your own trade development and not as the gospel. Because of the few things mentioned above, and many other personal traits that individual traders bring to the trading experience, there are no "futures gurus" that can tell you exactly how to trade day to day.

So you have to decide for yourself what is most important being told how to trade or discovering how to trade for yourself. That's what this book, my books, and many other books can realistically do for you.

Good luck and God's speed.

19 of 23 people found the following review helpful:

4.0 out of 5 stars BELONGS ON EVERY TRADER'S BOOKSHELF, December 23, 1999

By A Customer

I am a commodity trader. i have probably read just about every book ever written on the subject and have even made money using the techniques illustra ted in a few of them. Williams' book is one them. I would if i could cut the book in half and keep the first 70 or so pages and toss the rest onto my ever growing scrapheap of commodity trading books. If you can get past the chapters on lunar cycle correlations and focus in on his study of open interest and trading ranges you will have

gained an "edge">despite the age of the book(1974) I feel it has something valuable to offer trader at all levels. good reading and good luck!