Trader Bill Williams is the one who created the Alligator indicator
How many of you know the names of the top investment bankers, whose incomes exceeded millions, if not billions, of dollars?
At best, people can only name a couple, and then only if the only thing known about them is how much money they made.
Bill Williams, however, is a household name, and his fame stems not from his vast fortune, but from his contributions to the development of stock trading.
Key points of his biography
Bill Williams is a renowned trader, investor, and coach, having handled millions of dollars and approximately 25,000 students.
However, his biography and the story of his journey are virtually impossible to find, with only excerpts from various interviews with journalists and traders available.
His father worked as a maintenance worker at the local water pump. His mother was a housewife raising two children.
His older sister, a math teacher at school, played a key influence on his future love of numbers and the early development of his mathematical mind. Even before attending school, Bill Williams could not only count but also solve simple mathematical problems.
University. Introduction to the Stock Exchange
One of the little-known facts about Biel is his family's religious faith. Perhaps the world would not have known about this trader if, after finishing school, he hadn't shown his mettle and objected to his parents' desire to ordain him for the priesthood.
However, the seeds of love for mathematics that were planted bore fruit and instead of Bible school he entered the university.
He became fascinated with the stock market during his first year at university. His roommate wasn't just a stock trader, he also worked part-time at the New York Stock Exchange.
Naturally, they spent days discussing economics and the prospects of various businesses, all while studying.
However, as Bill Williams has admitted in many interviews, for over five years he simply copied his friend's signals, which allowed him to earn money and pay for his studies for a long time.
However, after graduation, the friendship ended, and Bill took his first step into adulthood by marrying Helen. After the couple married, they decided to start a new life, so they moved to a new city, away from friends and family.
But the path of an independent trader without copying signals was not as simple as he had imagined.
Constant failures had so severely impacted the family budget that Bill Williams considered quitting. To somehow stay afloat, he purchased various systems, newsletters, and analytics. But even this was not producing results.
Bill's wife still believed in his talent and advised him not only to continue to strive but to abandon the auxiliary tools altogether. According to her observations, Bill Williams had excellent performance until he started using the help of analysts and taking into account the data of technical indicators .
A ridiculous piece of advice about intuitive trading completely changed the Williams family's fortune.
A radical change in his views and an incredible increase in his fortune to several million dollars prompted him to write his first book, "Trading Chaos," published in 1995. In it, Bill Williams first questioned the effectiveness of graphical and technical analysis.
A second book was then published, containing the key to success—the Profitunity strategy. Thanks to these books, the world became familiar with technical indicators such as the Alligator, Fractal , and AO, all of which Williams himself had authored.
After Williams became famous as a writer, he abandoned independent trading and began consulting for major hedge funds and providing personal training to traders.
