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views on franz today
- Thread starter bighitter1
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Quote from optionpro007:
vehn,
do you then consider this TI program a good investment ?
I am not an intraday trader, but franz's average day winnings caught my attention.
Did you take the course, or just the sample week ?
Thanks.
p.s. do you know how much capital franz has to work with?
i just took the trial. since franz does not use the ti method i dont know if the ti program would be a good investment. i only have experience with what franz does.
Quote from roberk:
Whether anyone can match Franz' way of trading or not, he must be one of the greatest daytraders ever. And that warrants respect.
Really? And what qualifies him for that? If he does 2000 R/T per day, he is only averaging 5 ticks per contract. That might make him one of the biggest non-institutional day traders, but how does that make him one of the greatest?
Obviously he didn't get to this point by taking 5 ticks per contract.Quote from wareco:
Really? And what qualifies him for that? If he does 2000 R/T per day, he is only averaging 5 ticks per contract. That might make him one of the biggest non-institutional day traders, but how does that make him one of the greatest?
He takes short profits because its hard to move size. He trades counter trend so that he can trade big. Countertrending doesn't bode well for huge market swings. Plus, he has a profit target for the day.. Thus, it is better to trade big and take profits if you have enough convictions in your trading system.
is any body in the franz room today. how is he doing today? should be a good day because he does best on rangebound days.
Quote from easyrider:
Theres an interesting article by Steenberger in the last SFO in which he talks about traders talking to themselves. He says he can tell if they are good traders or not by what they are saying to themselves while trading before knowing their actual performance stats.
Completely agree.
I wonder if Franz does live-recordings and makes them available to those using his signal calling room or as supplemental educational info for the mentor program he's involved in.
If not...one of you guys should make it as a suggestion to him so that all of his clients can benefit from such.
A good software to start with is something like Camtasia.
Can't imagine him not recording his trade sessions considering they have live-recordings of testimonials of traders that used the mentor program he's associated with.
Mark
Quote from wareco:
Really? And what qualifies him for that? If he does 2000 R/T per day, he is only averaging 5 ticks per contract. That might make him one of the biggest non-institutional day traders, but how does that make him one of the greatest?
I understand he converted a $45K account to a million within 9 months.
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