Larry Williams Quotes

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.

The next time you see an outside day with a down close lower than the previous day, don't get scared, get ready to buy!

Tape reading is a lost art that today is not very useful.

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.

I think that the public is in and the public is in big, and the public is not, I don't think going to pull out because the public knows what I said about 1987.

Nigel might have an earlier date, but I think it's unprecedented from my memory. So it is a reminder to everybody that the public can move very rapidly on some issues and therefore what looks settled may not be.

The revival of the Right is as extraordinary as it would be if the public had demanded dozens of new nuclear plants in the days after the Three Mile Island disaster; if we had reacted to Watergate by making Richard Nixon a national hero.

Shock, confusion, fear, anger, grief, and defiance. On Sept. 11, 2001, and for the three days following the worst terrorist attack on U.S. soil, President George W. Bush led with raw emotion that reflected the public's whipsawing stages of acceptance.

The public seldom forgive twice.

I mean I'm not smarter than the market, but I can recognize a good tape and a bad tape. I recognize when it's right and when it's wrong and that's what my strength is.

The market is like a language, and you have to be able to understand what they're saying.

There's no statistical evidence that human beings have an ability to move in and out of the markets effectively. It's next to impossible.

People are going to think and take things how they're going to take it, and I have no control over that, so it's kind of like biding time until you get your feedback. So, it's like, once the public can consume what you're putting out there, then you know. Then you know hit, miss, in between.

Numerous academic studies have shown that amateur investors make poor traders - buying stocks for the wrong reasons, holding losers for too long, and acting on whims and emotions.

Certainly in the modern age where everything is glossed over, when somebody speaks their mind, the majority of the public go, I'd love to have said that.

When you trade sometimes you lose.

If you’re an athlete and you tend to be political, you tend to alienate half the public.

It is only while the public mind is held in suspense—It is only while there is doubt as to what will be the result of deliberations—it is only while we linger in this hall that any manifestations of uneasiness will show themselves. Whenever war is declared, the people will put forth their rights.

The essential mark of the agitator is the high value he places on the emotional response of the public. Whether he attacks or defends social institutions is a secondary matter.

The public is a ferocious beast: one must chain it up or flee from it.

Being a politician, I know how motivating it can be when the public is outraged.

Trading demands total concentration and the ability to do several things at once while instantly recalling trading prices from the day, or week, before.

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

Market timing doesn't work. If all the bubbles and all this mispricing really exist, how come so few people see it before it turns out that way?

When I was an institutional broker in a former life, I was a believer in the merits of using technical analysis. I found that it was a very useful tool that complemented the much more mainstream tools generically referred to as fundamental analysis.