Larry Williams is a legendary trader and the author of approximately 11 books on trading stocks and commodities. He developed several technical market indicators like the Williams %R, Ultimate Oscillator, COT indices, accumulation/distribution indicators and others to measure cycle forecasts, market sentiment, and also for quantifying the values for commodity prices.
He is most famous for winning the 1987 World Cup Championship of Futures Trading where he grew a $10,000 account of real money into more than $1,100,000 in a one year competition for a +11,300% return on capital. Amazing his daughter Michelle Williams later won the competition 10 years later.
Here are five of Larry Williams’ best trading quotes:
다음은 래리 윌리엄스의 가장 좋은 거래 시세 중 다섯 가지다.
“The three traits speculators must learn to manage within themselves are confidence, fear, and aggressiveness.”
투기꾼들이 자기 안에서 관리하는 법을 배워야 하는 세 가지 특성은 자신감, 두려움, 공격성이다."
“The next time you see an outside day with a down close lower than the previous day, don’t get scared, get ready to buy!”
다음번에는 전날보다 거의 하락세를 보이는 바깥날을 보게 되면 겁먹지 말고 살 준비를 하라!"
“What you will be looking for is a day that closes above the prior day’s high and most likely ‘breaks’ out to the upside to close above a trading range. This is the twitching worm that causes the public to leap before they look.”
당신이 찾고 있는 것은 전날의 최고치 이상에서 마감하는 날이며, 가장 가능성이 높은 '파산'은 거래 범위 이상으로 마감하는 날이다. 이것이 바로 대중이 보기 전에 펄쩍 뛰게 하는 경련 벌레다."
“The most common bad habit I have seen in traders – good and bad ones – is the inability to react correctly to market action.”
내가 거래자들에게서 본 가장 흔한 나쁜 습관, 즉 좋은 것과 나쁜 것은 시장 행동에 올바르게 반응하지 못하는 것이다."
“The moment you learn to trade reality, not desire, you will drill a wall of fire to become a successful trader.”
욕망이 아니라 현실을 거래하는 법을 배우는 순간, 성공적인 무역가가 되기 위해 불벽을 뚫을 것이다."