11,300% Return in One Year | Interview with Larry Williams

Discover how Larry Williams turned $10,000 into over $1.1 million in just one year, achieving an 11,300% return and winning the World Cup Championship of Futures Trading. With over 60 years in the markets, Larry shares his greatest lessons on trading, risk management, and psychology. If you want to learn from one of the greatest traders of all time, this interview is packed with timeless insights that can help you refine your strategy and improve your results! 00:00 – Introduction: Larry Williams’ legendary 11,300% return 00:31 – How Larry got into trading & early mistakes he made 02:34 – The mentors and books that shaped his trading career 05:16 – Understanding relative strength vs. comparative strength 07:56 – Transitioning from natural commodities to broader markets 10:10 – Developing volatility breakout strategies 11:55 – The Oops Reversal setup & why it still works in certain markets 14:35 – Lessons from top traders like Tom DeMark & Steve Cohen 19:29 – The biggest loss Larry ever took & what it taught him 21:07 – The key to long-term success: Small positions, big trends 23:25 – Managing risk: Position sizing & emotional control 29:12 – The story behind his 11,300% return in 1987 35:13 – Average holding periods & how he manages winning trades 42:50 – How Larry analyzes charts & finds high-probability setups 49:15 – The importance of routine & keeping a trading journal 51:55 – The connection between trading & competitive sports 53:34 – Advice for new traders: Avoiding false promises & quick riches 57:18 – How the markets have changed over the decades 58:50 – The psychology of top traders & how they control emotions 01:00:24 – Why overconfidence & ego destroy traders 01:01:53 – Final thoughts: The importance of adapting & lifelong learning