Larry Williams Quotes

Basically, what I do is place a stop, generally 10 to 20 percent below the current price, whenever I buy a stock. The exact level depends on my own analysis of a stock's trading pattern. If a stock violates this stop, I'm out.

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

The real key to making money in stocks is not to get scared out of them.

There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market.

Don't bottom fish.

Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.

When you trade sometimes you lose.

What about stocks? You got to buy them. What if they break? You have to buy the dips.

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

The key thing when you short is to make sure you're not wrong on the fundamental intrinsic value.

I used to do a lot of the day trading and the stocks. I used to have the Ameritrade and trade options.

Big money is made in the stock market by being on the right side of the major moves. The idea is to get in harmony with the market. It's suicidal to fight trends. They have a higher probability of continuing than not.

It doesn't matter whether the market is up or down. All the day traders want is volatility.

The problem with most people who play the market is that they are not flexible.

I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market.

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.

The techniques I developed for studying turbulence, like weather, also apply to the stock market.

I love the competitive part of stocks. A lot of fear and greed, that's all it is. All I see is green and red.

Since we try and take a fairly buy-and-hold approach to our newsletter portfolios and don't sell at every whipsaw, we want to have a mix of stocks that will perform at both ends of the oscillation.

Companies are always being bought and sold. The markets are always moving; you have to be on top of your position. And in the U.S., the market is never closed for more than three days. The only time the market was ever closed was 9/11. I think it may have been closed the whole week.

The institutional investor remains the bigger influence on individual trades simply because the institutional investor has more money to support the order and that will have more of an impact on the stock.

You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't buy more and more because you're sure it's going to bounce. We call that revenge trading.

The stock market to me was like a video game. When it went off, it was like turning the game off. It wasn't something I'd think about until I'd turn the machine on again.

If you go back to 2001, the market had two violent short covering rallies then, although I know the market didn't officially get going until March 2003.