University Tutorial From Larry Williams

Our Trading Courses

Welcome to the Larry Williams University

In the fall of 2006 we began the construction of LWU – Larry Williams University. This is the place to come to find courses, articles & books written by Larry.

The intention is not to hit you over the head with advertisements for software or brokers or links to other sites. Our intention is to create a place where people who are interested in Larry’s work and interested in the markets can come and study without banner ads streaming across the page.

How do you develop the skills to become a good trader?

How do you maintain those skills?

Where to Begin

Long Term, Short Term, Swing, Day Trading?

How do you develop the skills to become a good trader?

How do you maintain those skills?

Those are difficult questions to answer. Whether you have been trading for several years or just getting started, it’s important to understand the markets and to keep your trading sharp. We don’t suggest that the only road to success is the one Larry recommends below. However, many of his students have been successful following a logical sequence in futures trading education.

How Larry began…

During the first three years of my trading, I stumbled around like a drunk. I read all the books and tried all the techniques, but wasn’t getting a place. It wasn’t until I met Bill that it all came together for me. The big money was made by having small positions in big moves. Bill was a member of the Chicago Board of Trade and taught me how to determine when the market was ready for a substantial up or down move.

It’s just a question of when and how to protect yourself against losing trades once you know that. I think this is the safest and most reliable way to make money in the market. Most people should be doing that. It took me 10 years to get good at this.

Shorter-Term Trading…

I was able to focus on swing trade once I became proficient at the longer-term set up trades. My average length in a trade went from a few weeks to a few days. This form of trading is for people who are active, but still have jobs or careers. The second phase of my education was as a trader.

Day Trading…

The dream of most would-be traders is day trading. They are sitting in front of their computer screens and making money. I will be the first to tell you those dreams will turn into nightmares. Day trading is difficult. This is where most traders begin, because it is the most physically and mentally challenging thing you can do in the marketplace. There are only wise men who fear to trade. I know how to teach you how to become a day trader.

I can save you a lot of time. I don’t want to teach it to you until you know the basics. There are so many things that need to be ingrained in you before you can be a good day trader. There aren’t any black box success systems for day trading.

It was a path from confusion to creating a career for me. Once I understood the longer-term workings of the markets, I was able to understand the technical structure of the marketplace.

As I see it there is a logical sequence that all traders who are successful make. That’s why the Larry Williams University starts with the basics and moves forward. It’s no different than building a house. You need a foundation and the foundation of successful trading comes from understanding the marketplace. It does not come from day trading. Day trading is the last thing on our list, not the first thing. If you try to do it the other way around… you will be back to the Larry Williams University to learn the truth of trading.