Famous quotes from the greatest traders of all time, Larry Williams

Larry Williams is a successful stock and commodity trader. He has created numerous market indicators, including Williams %R, Ultimate Oscillator, COT indices, accumulation/distribution indicators, cycle forecasts, market sentiment, and value measurements for commodity prices. Larry Williams won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company, where he turned $10,000 to over $1,100,000 (11,300%) in a 12-month competition with real money. Here are our top 5 best quotes from him.

Quote 1: “The most common bad habit I have seen in traders – good and bad ones – is the inability to react correctly to market action.”

Quote 2: “The moment you learn to trade reality, not desire, you will drill a wall of fire to become a successful trader.”

Quote 3: “The three traits speculators must learn to manage within themselves are confidence, fear, and aggressiveness.”

Quote 4: “Ultimately you don’t trade the market you trade your personality.”

Quote 5: “I look for a condition and then build a trading approach from that condition.”