Trader Bill Williams is the one who created the Alligator indicator
How many of you know the names of the largest investment bankers, whose income has exceeded millions, or even billions of dollars?
At best, people can name only a couple of names, and then only on the condition that the only thing known about them is the amount of money they earn.
However, the name of Bill Williams is known to almost everyone, but it was not his huge fortune that brought him fame, but the contribution he made to the development of stock trading.
Biography highlights
Bill Williams is a renowned trader, investor and coach at the same time, through whose hands millions of dollars and about 25 thousand students have passed.
However, the biography of this man, the history of his journey, is almost impossible to find, except that they are everywhere only those that were taken from his various interviews with journalists and traders.
His father was an employee who maintained the local water pumping station. The mother was a housewife and was raising two children.
A key influence in the future love of numbers and the formation of the mathematical composition of the mind at first was his older sister, who worked as a mathematics teacher at school. Even before going to school, Bill Williams could not only count, but also solve simple mathematical problems.
University. Getting to know the exchange
One of the little known facts about Beale is his family's religious background. Perhaps the world would not have known about this trader if, after studying at school, he had not shown his character and objected to his parents who wanted to make him a priest.
However, the seeds of his love for mathematics bore fruit and instead of Bible school he entered the university.
At the university, even in his first year of study, he became very interested in the stock exchange. The fact is that his roommate was not only interested in trading stocks, but also worked part-time on the New York Stock Exchange.
Naturally, they spent days discussing the economy, the prospects of this or that enterprise and studying at the same time.
However, as Bill Williams admitted in many of his interviews, for more than five years he simply copied the signals of his friend, which allowed him to earn money and pay for his studies for a long time.
However, after graduation, the friendship came to an end; Bill took his first step into adulthood by marrying Helen.
After the couple got married, they decided to start a new life, so they changed cities, moving away from friends and family. But the path of an independent trader who does not copy signals has become not as simple as he thought.
Constant failures shook the family's budget so much that Bill Williams was already thinking about giving up everything.
In order to somehow stay afloat, he bought different systems, newsletters and analytics. But this also did not bring results. Bill's wife still believed in his talent and recommended that he not only continue to fight, but also completely abandon auxiliary tools. According to her observations, Bill Williams had excellent performance until he began to use the help of analysts and take into account the data of technical indicators .
Ridiculous advice about intuitive trading completely changed the wealth of the Williams family.
Dramatic changes in views and an incredible increase in wealth to several million dollars became the impetus for writing the first book, which was published in 1995 under the title “Trading Chaos”, where Bill Williams first questioned the effectiveness of graphical and technical analysis.
Then a second book was published, inside of which was the key to success - the Profitunity strategy. Thanks to the books, the world was able to get acquainted with such technical indicators as Alligator, Fractal , AO, the author of which is Williams himself.
After Williams became famous as a writer, he left independent trading and began consulting for major hedge funds, as well as personal training for traders.