Williams is famous for risking no more than 25% of your account’s current high-water mark. If you grow $20k to $30k, you can risk 25% of the $10k gain ($2.5k) on the next trade. This prevents the blowout that kills most futures traders.
If you download the PDF (legally, via his official site or Amazon Kindle), here’s what will actually improve your trading:
If you want the real, complete, legally obtained Definitive Guide to Futures Trading (including the updated 2020–2024 supplement on micro e-minis and crypto futures):
Avoid random PDF download sites. Many contain malware or are missing the crucial COT data appendix.