views on franz today

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bighitter1

I've watched him a few days and today he seemed very frustrated. his constant averaging down and in and out is not for 90% of traders.I THINK HE'S FOR REAL. I SAW MANY OF HIS TRADES ON THE TIME AND SALES AND HE SOUNDS VERY SINCERE AND HAS THE EMOTIONS OF BEING WRONG JUST LIKE ALL OF US. I JUST DON'T THINK HIS TRADING IS PRUDENT. LIKE TODAY HE HAS HAD A TOUGH TIME YET HE KEEPS SWINGING. I'M SURE HE TRADED AT LEAST 2000 R/T'S TODAY WHICH FOR ANYONE AT $4 A CONTRACT IS 8K COMMISSION. HE'S A NICE GUY BUT I REALLY DON'T BELEIVE THIS WORKS FOR MOST PEOPLE
 
A friend of mine is going to check out his room tomorrow
But my friend does not have to much buying power to trade max he can trade 3 contract max
and averaging down is preety deadly but any way we will check and see what goes on or what will happen tomorrow
He will also join in david room who only make few trade a day but does not have a loosing day since sept
Will keep ET updated :)
 
There was a huge thread the other week, about an analysis of Franz's trades, and the whole thing being a sham....anyone know what ever happened there....why doesnt Franz just post an account statement from a major FCM...that would answer our questions forever.
 
Quote from Preston Forbes:

There was a huge thread the other week, about an analysis of Franz's trades, and the whole thing being a sham....anyone know what ever happened there....why doesn't Franz just post an account statement from a major FCM...that would answer our questions forever.
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franz did post his blotter towards the end of that thread. that silenced most of the critics i think. you can argue about his style but i dont think there is any argument anymore that he is for real.
 
Due to losses, Franz decided to quit trading real money for the next couple of days.

He quit trading today at -$ 156,025.00 or purports to have quit trading.. I had a quick peek at the P/L before he took it down.
 
lol.. looks like he is still adding more and hoping for a reversal...

No doubt he is the greatest "REAL" trader I have seen, but... losing a LOT of money is part of making a lot of money.
 
Quote from Preston Forbes:

Does anyone have the link...to that old post...hundreds of posters weighed in on Franz and his trading, I want to see that blotter copy.
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That thread was deleted along with a few others due to the other junk being posted in the threads because Baron didn't have time to edit/delete through +100 pages of discussions.

As for Ripley's comments...I think he's talking about something that's posted in Franz room itself. Thus, a direct link is not possible.

Mark
 
To call what franz does trading is laughable. he has no stops. he just kep averaging all the way down today. 99% of 5k accounts wiped out today. he sounded very desperate today as anyone else in the room can attest. as i suspected his weapon is millions of $ to keep averaging down and thats not the case for most people. but he's very candid
 
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