views on franz today

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Quote from marketsurfer:

something does not make sense.....
here's a guy whose goal is to make 150k a day, loses 150k and gets so frazzled that he quits trading real money for several days???? if you earn 150k a day, then lose 150k in a day that is par for the course, he should be use to it. what's up??
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Thats what he has been averaging for 2006. But, his goal is only $25,000 per day. And he had a losing day yesterday too..

& I he isn't trading real money tommorrow (Wednesday), and he usually doesn't trade the day before a holiday (Thursday), and Friday is a market close. So, yeah.. For almost a week, Franz will not be trading.
 
Quote from marketsurfer:

something does not make sense.....

here's a guy whose goal is to make 150k a day, loses 150k and gets so frazzled that he quits trading real money for several days???? if you earn 150k a day, then lose 150k in a day that is par for the course, he should be use to it. what's up??

surfer:confused: :eek:
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Franz doesn't like to trade prior to holidays because volume is generally low.
 
Quote from Ripley:

Thats what he has been averaging for 2006. But, his goal is only $25,000 per day. And he had a losing day yesterday too..

& I he isn't trading real money tommorrow (Wednesday), and he usually doesn't trade the day before a holiday (Thursday), and Friday is a market close. So, yeah.. For almost a week, Franz will not be trading.
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Ripley,

You got it wrong. His current daily goal is $100K a day, but I think he has been averaging about $130K.
 
Quote from K-Rock:


You got it wrong his current daily goal is $100K a day, but I think he has been averaging about $130K.
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Well.. he has a new goal now.. and its $25K...

Trust me on it.. I heard it with my own ears.

Ask him tomorrow.
 
Quote from Ripley:

Well.. he has a new goal now.. and its $25K...

Trust me on it.. I heard it with my own ears.

Ask him tomorrow.
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You know he has multiple accounts. If you have been in the room the past couple of days you should recall he stated he will know longer mention or show his other accounts traded by his staff.
 
Quote from K-Rock:

Ripley,

You got it wrong. His current daily goal is $100K a day, but I think he has been averaging about $130K.
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That gives a conservative estimate of 20 million a year. Which begs the question.......why bother running a online dog and pony show if you're making that type of money?
 
Quote from K-Rock:

You know he has multiple accounts. If you have been in the room the past couple of days you should recall he stated he will know longer mention or show his other accounts traded by his staff.
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There may not've been a staff to begin with.. b/c no one has never seen them. You only get mentions of they made $5 million in the opening hour etc etc.. making false claims about staff or trading funds etc to lure in newbies doesn't bode well with regulatory agencies.

And his new goal came in light of the last thread we had here. Might've made the man to be cautious and start using his own money, rather than trading on the SIM.
 
Quote from ksonsinc:

Well David room is on thursday.
He does not do big lot at all just small lot and is very conservative
He has not had 1 loosing day since sept
i will check his room on thursday
Today i was in franz room
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Well one thing I did not like about David's room is that he leaves at a certain time. I remember one day where the market was against him and he did average into a trade 2 times and then he looked at the time and had to all of a sudden close the room. I wasn't following his trades and I was still kind of ticked off, I can only imagine if someone that was holding his hand felt like. I havn't been back to his room since. David sets a price limit from the market open on where his entry will be "usually around a R1 or S1 level" and go for the 2 points from that. Very basic and gets a lot of winners but really doesn't follow the TI method either.
 
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