PART 1 of 2: Critical Lessons from Larry Williams, Trading Legend

  Рет қаралды 48,979

InvestAnswers

InvestAnswers

Күн бұрын

Larry Williams: www.ireallytrade.com
👋JOIN THE COMMUNITY: / investanswers
DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.
00:00 Introduction
02:10 I say FA FIRST TA TIMES YOUR ENTRY You sometimes say TA is voodoo, others say TA is Astrology, it is clear markets are driven by fundamentals - macro, trends, cycles, vix, and seasonality are also key - what is your take on the discipline?
05:12 Talk to me about the importance of Trends... and what timeframes do you use to assess trends?
08:00 Speaking of cycles - 2023 will be a bullish period - plus Q4 2022 is historically a bumper qtr. what is your take?
12:00 Let's talk about psychology and investing, you have very accomplished children but I am interested in what you think of your son Jason's book on the personality of winning traders - this is an area where I have done a lot of research.
16:30 Inflation and Fed Hikes. My thesis is the FFR of 3.5% to 4% they will break the economy. Fed hikes are not as imp - but now the market is ruled by the FED as I have never seen.
22:10 For new investors, where would you begin in your quest to grow your skills and knowledge base for trading? Books, resources, etc?
23:17 Where should you focus your time if you had only 4 hours a week to devote to trading?
24:30 What is your favorite Indicator - put another way which indicator has made you the most money? Do you categorize having one in each category: trend, volatility, momentum, volume?
26:26 There are some people who are pure technical traders. Do you think it's possible to make money consistently being a purely technical trader?
27:55 Are there any indicators or things you look for to trade a bear market, bull or sideways/choppy market?
33:53 Stock picking - last 10 years, the top 1-2% of the S&P 500 garnered 50% of the returns. 98% does below avg. Do you believe in that?
35:45 Getting back to your Panic Indicator - what are the ingredients of that?
37:17 You said you are a conditional trader - is that what I refer to as confluence between indicators?
38:10 If you have to pick top 5 TA indicators, what would those be and how would you prioritize their importance when doing TA?
39:28 Talk to me about death by indicators... less is more. I always say this. But when I see folks today with a million indicators open it gives me a headache and I can make no sense of it.
41:08 What keeps you so sharp?
Watch Part II Airing September 16, 2022 for the remainder of this stimulating conversation.

Пікірлер: 234
@FloridaBackroads
@FloridaBackroads Жыл бұрын
Fantastic interview. Larry has been my trading guru for more than fifty years.
@InvestAnswers
@InvestAnswers Жыл бұрын
Wonderful to hear - he's only been mine for about 30 years and I've never thought I'd have the chance to interview him. I feel so honored.
@noelgonsalves8309
@noelgonsalves8309 Жыл бұрын
Hi James good morning from UK. Just a request why dont you start a trading session for newbies it would be really great and helpful for the subscribers to know more about the future markets ahead of us or different options to trade.
@ireallytrade1
@ireallytrade1 Жыл бұрын
thank Mike it has been a great ride and adventure!
@go4theplanet975
@go4theplanet975 Жыл бұрын
@@ireallytrade1 can the comunity of InvesterAnswer have a discount on your course at the site? And can we have access to the all courses at your site? Just one are available to buy and learn. Thanks:)
@LamsCryptoverse
@LamsCryptoverse Жыл бұрын
@@InvestAnswers fyi, you can get COT (on Futures) for Equities. Maybe you can pass that on to Larry...
@brandonthielman6395
@brandonthielman6395 Жыл бұрын
Dude, James... This was completely unexpected and crazy awesome. I feel rejuvenated. This man is so calm and full of passion for markets, it's hard not to dig on his wisdom. Everyone is completely freaking out and panicking, but he isn't sweating at all. You both just saved me from all the screaming and yelling by the purveyors of FUD, as well as the Twitteratti of impatient/inexperienced traders; they nearly scared me out of the markets. To see a Veteran be so optimistic and relaxed during these turbulent times is very encouraging. Thanks you, as always, for you compulsion to Drop Top Alpha daily. I am so thrilled to still be here...
@brandonthielman6395
@brandonthielman6395 Жыл бұрын
I wish I had more hands to smash up more "Likes".
@adrianthomas2471
@adrianthomas2471 Жыл бұрын
Wow. "Bottom is in when no one left to sell". You are an expert in your field when you can explain something complex simply! Thanks James!!
@bishop4486
@bishop4486 Жыл бұрын
“The less exposure to emotional stuff, the better you’ll do.” … I felt that.
@galan.955
@galan.955 Жыл бұрын
Very important🫡
@jordancave6987
@jordancave6987 Жыл бұрын
Yes please! Keep interviews like this coming. Amazing content. Thank you so much for having such guests on.
@InvestAnswers
@InvestAnswers Жыл бұрын
More to come!
@bahrain7274
@bahrain7274 Жыл бұрын
James I learnt more from this then my mba , much appreciated
@cornegibbens3910
@cornegibbens3910 Жыл бұрын
CLASSIC interview! Love the phrase; “purveyors of pessimism!”
@jamesbuttery3862
@jamesbuttery3862 Жыл бұрын
Hey, who else would like to see James go head to head with Gareth Soloway in an interview?? 😀 Be great to see the contrasting views and gain some knowledge. Love ya James, keep up the great work!🙏
@bitebetsy
@bitebetsy Жыл бұрын
Great! Our reality is where our future is formed. Out of shape means a short week ahead, and no more vacations to look forward to - except your everafter, and there is no game there... I am 70, 5'9", & 162. I remember facing 200 pounds of weight, and I felt like an anchor unmoored to anything but the air. Your health is where you have 100% control (except where you are born with the short straw!). So bet on your future and see your daily trends are always up! The rest is just the best you can muster to do. Be happy that you have so much you can control with only your willpower!
@shashankmongrel
@shashankmongrel Жыл бұрын
James is 100x humbled.
@aphorist_x84
@aphorist_x84 Жыл бұрын
Larry: value stocks outperform growth... James: swiftly moving on... 😄
@chlovado
@chlovado Жыл бұрын
James, this content is priceless!! Pulling together brilliant people and getting different perspectives is so valuable. You continue to keep it fresh and ask great questions. Great Job!!
@InvestAnswers
@InvestAnswers Жыл бұрын
Awesome! Thank you!
@EsseQuamVideri727
@EsseQuamVideri727 Жыл бұрын
An absolute gem of a video and interview. Can’t wait for part 2. I am backlogged, you out out to much good content James, can’t keep up… 😂😂😂 So much wisdom, calm and perspective in this one. A lifetime… Thanks! 🙏
@mikewu499
@mikewu499 Жыл бұрын
WOW, I am a long time Fan of Larry Williams. I got 3 of his books! Thank you James for this Part 1. !!!
@InvestAnswers
@InvestAnswers Жыл бұрын
AWESOME!!! You rock. Wait for part II manana.
@lyndasmythe2692
@lyndasmythe2692 Жыл бұрын
I want to learn. If James likes respects him, so do I. Can you suggest a book to start with?
@terimclennan388
@terimclennan388 Жыл бұрын
Thanks James. Awesome to hear some history and to give some respect for traders who helped build some theories we use today. Good stuff! 👍
@InvestAnswers
@InvestAnswers Жыл бұрын
Glad you enjoyed it
@Tom-ul6ee
@Tom-ul6ee Жыл бұрын
James your eyes are shining like a child got his first bicycle, y have much respect for Mr. Williams, was nice to watch
@InvestAnswers
@InvestAnswers Жыл бұрын
30 years ago I was a fan. Never thought I would ever have the oppty to interview him.
@DG360
@DG360 Жыл бұрын
23:18 WAS HILARIOUS. Love this dude James. Awesome Interview!
@InvestAnswers
@InvestAnswers Жыл бұрын
guy is hilarious for sure
@basque14
@basque14 Жыл бұрын
Thank you for providing this great knowledge between you and Larry. You and him are inspiring!
@InvestAnswers
@InvestAnswers Жыл бұрын
Thanks for watching!
@jp1770
@jp1770 Жыл бұрын
Great stuff, I don't know why this channel is not more popular. I get some great lessons here.
@InvestAnswers
@InvestAnswers Жыл бұрын
I appreciate that!
@elongsongs4734
@elongsongs4734 Жыл бұрын
Larry has a unique wisdom. Thanks for bringing him on James & Team
@elto
@elto Жыл бұрын
Unbelievable how respectful and good you're leading through this interview. 🙏
@InvestAnswers
@InvestAnswers Жыл бұрын
I appreciate that!
@Jetokuba
@Jetokuba Жыл бұрын
Such a great guest. I almost instantly liked him. I wish I had seen him sooner. He has such a birds eye view stepping outside looking at things objectively.
@chrisc4548
@chrisc4548 Жыл бұрын
Nice history lesson, current stock market may move too fast to use old trading styles.
@TheVeganTravelShow
@TheVeganTravelShow Жыл бұрын
I love the negative sentiment too because it’s confirmation a sale is on.
@dano5008
@dano5008 Жыл бұрын
What a sweet guy. His advice at the end was special.
@Marty2022
@Marty2022 Жыл бұрын
Thanks James and the team and Larry. Appreciate his sharing of experiences and methods. Great stuff.
@quietstrm11
@quietstrm11 Жыл бұрын
For me, this interview is just more proof that this is the best investment channel on KZfaq. And it's only the first half!
@bastion9514
@bastion9514 Жыл бұрын
My gosh what an interview, thanks James listening to Larry Williams' expert advice I am going to re-listen to make sure I don't miss anything as so much was packed into one amazing interview
@InvestAnswers
@InvestAnswers Жыл бұрын
Thanks for listening. Part 2 Tomorrow
@kempatsu2205
@kempatsu2205 Жыл бұрын
His personal feelings regarding the Fed is very different from yours and thinks they did a good job (very interesting!). I liked when he asked "Do you listen to what they say or do you look at what they do?",....this dude is dripping with wisdom.
@InvestAnswers
@InvestAnswers Жыл бұрын
Well said!
@solraclegnar4270
@solraclegnar4270 Жыл бұрын
I loved every second of this James!
@irrell8440
@irrell8440 Жыл бұрын
This was a Brilliant episode. very insightful and enjoyable. Thank you James and Larry.
@audioeye2803
@audioeye2803 Жыл бұрын
Thank you James, and Mr. Larry.
@cryptocoffin
@cryptocoffin Жыл бұрын
What a great video! Thank you James and Larry!
@rolfo728
@rolfo728 Жыл бұрын
James, I can't thank* you enough for this one. This interview is packed to the brim with gold nuggets. Thank you and the team.
@rlegato364
@rlegato364 Жыл бұрын
That guy is still above the 99th percentile, regardless of his comparison to his former personally defined performance. To me, he conveyed a fire hose bandwidth of information with a drinking straw volume of effort. Fantastic interview I.A.
@awolgeordie9926
@awolgeordie9926 Жыл бұрын
Love the analogy haha.
@mikecontos9423
@mikecontos9423 Жыл бұрын
James, you've done it again! fantastic and insightful. Thanks
@suepearson2595
@suepearson2595 Жыл бұрын
Thank you James. I like his point about waiting for all the selling and volume to go before longing- have been trying to perfect that
@peachy19968
@peachy19968 Жыл бұрын
I love this guy 😂 “get ride of your wife and kids and just trade!”
@qb7903
@qb7903 Жыл бұрын
23:27: he was joking though or was he?
@peachy19968
@peachy19968 Жыл бұрын
Yeah i believe he was, guy is passionate about trading is all
@digs6881
@digs6881 Жыл бұрын
Great show. Thank you, James and Larry. Notifications on, looking forward to part 2. Sorry to hear about your parents, James. Health is wealth.
@InvestAnswers
@InvestAnswers Жыл бұрын
Coming soon!
@kodablu6105
@kodablu6105 Жыл бұрын
I love interview's with these brilliant people who remind me of my Father. They are like walking dictionaries, I could listen for hour's and hour's. THX James
@kuoanwang
@kuoanwang Жыл бұрын
Great interview. love Larry's personality, he is a very wise guy.
@soundscapereality4918
@soundscapereality4918 Жыл бұрын
Awesome interview!! Larry Williams is one of my favorites. Great job James 👏
@mhubbartt2765
@mhubbartt2765 Жыл бұрын
Congratulations James … best interview ever!!
@briandubay2195
@briandubay2195 Жыл бұрын
Great interview James, I've taken a lot of useful information from this ...much appreciated
@DavidUebergang
@DavidUebergang Жыл бұрын
Legend. Keen for pt. 2
@jordanryan8821
@jordanryan8821 Жыл бұрын
Great interview. So many golden nuggets and life lessons it's worth a second watch! I've never thought of the 'health graph' the way he describes at the end. Very interesting.
@InvestAnswers
@InvestAnswers Жыл бұрын
Agreed thank you 🙏
@luclafleche2348
@luclafleche2348 Жыл бұрын
Incredible! He's my Obi-Wan. My next step into a larger world. Creatives Apply..
@Jucebe
@Jucebe Жыл бұрын
Wow! James, what an amazing interview! A true legend Mr Larry Williams and a legend on the make like you!!!!
@debbieschultz106
@debbieschultz106 Жыл бұрын
I liked him James. Thanks for bringing him in to speak.
@InvestAnswers
@InvestAnswers Жыл бұрын
Part II tomorrow
@gacktcbiz
@gacktcbiz Жыл бұрын
Awesome interview, MOAR!!!
@LivingTodayToday
@LivingTodayToday Жыл бұрын
Very informative interview. I had cancer at 56 and same as Larry realised my lifeline was trending down. Changed my lifestyle and eating to trend that lifeline upwards. As you get older health becomes your priority without it you cannot enjoy what family and wealth bring.
@InvestAnswers
@InvestAnswers Жыл бұрын
super, stay well and be healthy. we have a long journey ahead and I need you on it.
@er821111
@er821111 Жыл бұрын
Wow amazing conversation. This made my day. I'm tired of sifting through all the shallow click bait driven content. This has become one of my fav channels. Deep stuff here. Thank you James. Peace.
@kmclash1835
@kmclash1835 Жыл бұрын
Great guest, great interview. Thank you both!
@1712corru
@1712corru Жыл бұрын
For a minute when l heard this gentleman talking I thought it was buffet..
@tomasrothroth8605
@tomasrothroth8605 Жыл бұрын
thanks James And Larry
@jakuil
@jakuil Жыл бұрын
Amazin conversation, thanks for bringing real traders and knowledge here!!
@simonmcintosh6565
@simonmcintosh6565 Жыл бұрын
This was such a cool interview thank you!
@Emily_Gray73
@Emily_Gray73 Жыл бұрын
"purveyors of pessimism' 😂😂
@InvestAnswers
@InvestAnswers Жыл бұрын
love that also
@haraldschmutz
@haraldschmutz Жыл бұрын
great interview and a blessing to listen to a level-headed veteran from the pre-hysterical era who nonetheless understands the present
@timbass9822
@timbass9822 Жыл бұрын
Larry Williams rebuffs James at nearly every point!! Amazing! Thanks James for this interview! Very objective and highly informative.
@InvestAnswers
@InvestAnswers Жыл бұрын
Glad you enjoyed it!
@timbass9822
@timbass9822 Жыл бұрын
@@InvestAnswers It was fantastic. Thank you!!!.
@drodd6747
@drodd6747 Жыл бұрын
Great interview!
@Arterium
@Arterium Жыл бұрын
Thank you!! 💙
@Mr500RWHP
@Mr500RWHP Жыл бұрын
Great conversation. It's not everyday you get to listen to someone with 60 plus years of trading experience...
@xavierroy5254
@xavierroy5254 Жыл бұрын
What a great interview, incredible the amount of wisdom and knowledge in this video .I really like those interviews with experience and intelligent market traders, so much information that mater through all the daily noise we are surround with.Thank you James
@InvestAnswers
@InvestAnswers Жыл бұрын
Our pleasure!
@Rx-zn7ek
@Rx-zn7ek Жыл бұрын
I've known and traded Larry's stuff since the 90's, even did to the MDC with in CA. Great!
@zazafiaa
@zazafiaa Жыл бұрын
Tks - a great interview n really useful guidelines from decades of experience 🙏
@InvestAnswers
@InvestAnswers Жыл бұрын
Glad you enjoyed it!
@lonnysstuff8773
@lonnysstuff8773 Жыл бұрын
I appreciate several of the points that you covered as an artist and engineer.
@teevee5233
@teevee5233 Жыл бұрын
James you bring the best data!!!! Thanks
@travisw.3467
@travisw.3467 Жыл бұрын
Great interview.
@Yogigru
@Yogigru Жыл бұрын
Beautiful James..health is wealth!Keep up your honesty and great work!
@InvestAnswers
@InvestAnswers Жыл бұрын
I appreciate that!
@evaninnewport
@evaninnewport Жыл бұрын
Great interview James. I laughed when Larry's inflation thesis aligned with yours and you smiled so hard! hahaha! Good on you both
@jessewight
@jessewight Жыл бұрын
So grateful and humbled by this wealth of knowledge. This conversation is exactly what I needed to hear… Thank you so much, James for doing what you do
@InvestAnswers
@InvestAnswers Жыл бұрын
You are so welcome. Thanks for writing such a kind comment. Appreciate you.
@natlove219
@natlove219 Жыл бұрын
When Larry correlated TA with wild animal populations… (notice the “side step” edit 😂😂😂)
@duduky23
@duduky23 Жыл бұрын
Great discussion James! You and Larry clearly have different approach when it comes to stock pick and methodology. I may be bios but prefer your way my friend. Thanks for your hard work
@InvestAnswers
@InvestAnswers Жыл бұрын
🙏
@allanparkins8142
@allanparkins8142 Жыл бұрын
Very very interesting,a fantastic part 1 👍great job James 👏🏻
@InvestAnswers
@InvestAnswers Жыл бұрын
Thanks 👍
@okny
@okny Жыл бұрын
Wow this guy is a genius. It’s almost too much good info.
@carminecitro2535
@carminecitro2535 Жыл бұрын
FANTASTIC......Thank you James
@InvestAnswers
@InvestAnswers Жыл бұрын
Thanks for listening
@lalacrypto1
@lalacrypto1 Жыл бұрын
Excellent! Thank you!
@InvestAnswers
@InvestAnswers Жыл бұрын
Glad it was helpful!
@johnclements4574
@johnclements4574 Жыл бұрын
Great insight Larry especially on health
@Nicolozo
@Nicolozo Жыл бұрын
What a cool guy, great interview
@dogfacedponysoldier87
@dogfacedponysoldier87 Жыл бұрын
He thinks Rush was pretty liberal. Rush would say : ( clearing throat) “well, I am the mayor of realville “. Let this be a lesson for you EVERBODY ! Be strongly conservative! Like we want 0 taxes and gov’t beg for donations - that much !
@karkbrilhante3966
@karkbrilhante3966 Жыл бұрын
Hey budy. Which books are the best to understand the Market Cycle and long term trades
@mynerzulu3562
@mynerzulu3562 Жыл бұрын
Interesting market information. Glad 'hopium' was brought up, right show.
@1HundredP
@1HundredP Жыл бұрын
Thanks so much guys, very insightful!!
@InvestAnswers
@InvestAnswers Жыл бұрын
Glad you enjoyed it!
@manjorbas74
@manjorbas74 Жыл бұрын
Amazing. Loved the Lynx analogy to charts 😂
@milan1715
@milan1715 Жыл бұрын
Very informational! Thanks a ton!
@InvestAnswers
@InvestAnswers Жыл бұрын
Glad it was helpful!
@whiskersredwood7903
@whiskersredwood7903 Жыл бұрын
Great interview! Thank you!
@InvestAnswers
@InvestAnswers Жыл бұрын
Our pleasure!
@harris8793
@harris8793 Жыл бұрын
Larry Williams is a legend. He nailed it on the head - to be a successful trader you need to put in a lot of effort, time and passion. Talking about TA every mathematician knows about “Chaos theory” which invalidates all long-term TA. This is why your channel and people like Larry are legends.
@mw2725
@mw2725 Жыл бұрын
Excellent insight... perseption, sentiment, and life experience all go into investing. Oh and a little maths too. 😃
@InvestAnswers
@InvestAnswers Жыл бұрын
Absolutely!
@ivtec4fun55
@ivtec4fun55 Жыл бұрын
Didn't know who this was but... Legendary!
@BeardyDay
@BeardyDay Жыл бұрын
"get rid of the wife get rid of the kids" best advice ive ever gotten!
@kimgill183
@kimgill183 Жыл бұрын
What a great interview and insight from you both keep up the good work.
@InvestAnswers
@InvestAnswers Жыл бұрын
Much appreciated!
@BatmanBoss
@BatmanBoss Жыл бұрын
Legend 👍
@catel4781
@catel4781 Жыл бұрын
Fabulous info.
@InvestAnswers
@InvestAnswers Жыл бұрын
Glad it was helpful!
@chrislawrence8673
@chrislawrence8673 Жыл бұрын
Another genius interview! My goodness; it’s nice to have pull but when you have that plus brains and reputation to back it; you can get any guest you want! With that being said; you going back and forth with MATTHEW PIEPENBURG would be a treat to you and us all imo! Yes, I am biased after I saw him on Kitco today. Nevertheless, I think it would make for a gripping educational show at some point. In the meantime, enjoy the remainder of the bear market!
@danielhems1457
@danielhems1457 Жыл бұрын
Thank you, thank you, thank you ! So much to learn ! Only started investing 3 month ago (But stopped consuming television and meat 30 years ago) Will definitely read Larry's books. Can't seem to find your book James... Love from Amsterdam (no capital gain tax here)
@InvestAnswers
@InvestAnswers Жыл бұрын
You can do it!
@double_j3867
@double_j3867 Жыл бұрын
Finally!
@vincewyn1396
@vincewyn1396 Жыл бұрын
Thanks
@InvestAnswers
@InvestAnswers Жыл бұрын
No problem
@roloh11
@roloh11 Жыл бұрын
Great video👍!
@InvestAnswers
@InvestAnswers Жыл бұрын
Thank you! 👍
@vvvvmmmm11
@vvvvmmmm11 Жыл бұрын
There is no substitute for Experience and Wisdom. None. No matter what year it is etc.
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