5% per day is achievable

Isn't making profit on a regularly basis what we're all trading for?
If I make today 5% and tomorrow I lose them then just nothing really happend. If this would be done constant I would trade my whole life and _nothing_ has changed.
My purpose is to do exactly what you have asked for. Ok. 5% a day is much. I also would accept 1%. I would also accept if I only would make just 1 single pip every day. Day by day. Always be profitable.
If I would archieve this goal I would be able to grow my account faster than everybody else.

And I guess some are making constant profit in a year, some in months and some also in weeks.
Imagine you would not only be profitable just every day, no just every trade. You make one day 2 trades and they are profitable. Don't care if it's only 1 pip.

edit: Isn't the game in markets just about developing the skill to make the right decisions? Making the right decisons constantly.

Interesting, Franz. Hopefully I can read the upcoming article on you.

Out of curiousity, do you know anything about the alleged Market Monk that created quite a stir last fall? He was also (supposedly) a top-notch ES trader...

http://bannronn.com/trading_blogs/market_monk.html

I don't think it's a good idea to set yourself such goals every day. 5% is perfectly possible, but personally I prefer not to trade every day - just concentrate on the days when good movements look likely. In other words - don't try to make the trades - wait for them to come to you.


I prefer to look at the monthly ROI, and at present I'm doing about 55% per month, which is enough for me.

Hi Franz, so what you can suggest to achieve such result of yours ? Do you give mentoring service ? Or do you open a trading room for us to follow ? Thank you in advance

Interesting, Franz. Hopefully I can read the upcoming article on you.

The article & interview on Franz Shoar is here:

http://www.tradersinternational.com/aboutus.php

Absolutely right - but do you really need to spend 10 years at it before you get it? I think I've made pretty good progress, with expert help, on this in the last three months, and my mistakes have reduced substantially. And that's not about improving technique - that works, and I use a very simple one - but improving the mindset.

He runs the Alert Room chatroom at Traders International. Send me a private message for more info.

However much time you may have spent -- trust me -- you're nowhere near the class of trader that Franz is.

Hello Everyone:


I see that seems the discussion about my trading is picked up again in here. Since I am on vacation, I make it brief. Making money consistently in the market comes with confidence first and good signal 2nd and staying with the trade 3rd. I let market come to me rather than taking any trades. The room I run, has about 250 people in it. They are not there to see how much money I make. They are there to understand what requires to become a good pro-trader. They learn something that no trading room is doing enough currently and it is the most important part of trading and that is the psychological aspect of the market. Then I show them the skill. Sure I use my own designed software to help me to get the signal precise, but also everyone in the room get paid by the way of following me and grabbing a fish everyday and slowly learnig how to catch a fish on their own, knowing in order to do it, you need a good psychological understanding of the market.
If you ask anyone in my room, they will tell you that how knowing the mind on other side works, makes them to understand the game better. They learn why they need to stretch stop, not to follow the crowed, break rules once in a while and more importantly stay with their quality trades by understanding the market bias. Many students in my room have many days of winning consecutively. It is all because of the confidence they have build up and they are willing to go up slowly by increasing their contract size very cautiously. Of course my Bulls Eye signals has alot to do with it also.

I bring my student face to face with the market and tell them how to put the fear into the market not allowing the market put fear into them and so far we have been going in very productive way.I let my students to feel the pain and reward of the market to see if this is the carrier they want. I am their inspiration, so one day they all can make the 100k in couple hours. What is 100k and how much money do you need. You need 500k to make 100k. Only 2 points with a good signal will make it and my software find the best signals and we are usually done within 2 hrs in the morning. You can come and see it yourself and you will see how everyone follows me and catch the fish. We give them the signal 1/2 hr to 45 minutes in advance and when and how many contract that I am entering so they can figure out how many contracts they may want to trade. I will let them know my limit and possible stop (which we hardly ever need it), precisly and P/L in front of their eyes also shows where I am at so even the most Novice trader can follow. The signals are so clear that neither a blind person, nor a deaf person will have any hard time taking it. No punt intended.

Once a student makes his/her 1st million in my room, I will be very happy to give him a copy of my software free so if by then they have not learn how to fish, now they have the software to survive. By the time they have made the 1 million, psycologically are so ready that nothing will stay in their way. I call that, a teaching, sitting side by side every day bell to bell by a pro trader a trading room. So, I teach them something that took me at least 10 years that they can probably do in 3-6 months. I have to admit teaching others have made me a better trader also and I am having a great year. I hope everyone of you traders both in my room and outside, one day reach your goal and may God be with you. If you have the passion and love for as long as I have you will make it and Good Luck everyone and Happy New year.

I hope this does not sounds like advertisement, but if it is, please Forex Factory contact our office and we will buy some advertising banner time from you. <link deleted> - (Member has fewer than 50 posts. Please review forum rules. Please respect forum rules. - Diallist)
Franz Shoar

Is anyone a member of Traders International that could drop us some feedback?

Hmmm, interesting. What 'class of trader' are you?

The same as Franz? Less than? More than? Does it matter? Are these issues of self-worth that are coming up, that we all have to wrestle with in trading?

I'm actually not comparing myself to Franz, who I am sure is an excellent trader. I'm just sharing my experience, and I'm very happy with my progress.

Would you agree that it is just as valuable to hear of the successes of those, like most of us here, who are 'on the way up', as those who have succeeded? I think we are all going through the same stuff, as I am sure Franz did on his way up. Right Franz?

I'm always open to learning more as well.....

Nice Guy, you certainly are learning and on your way up. The only difference I have made in my trading and teaching my room, is to let students know how to trade effectively and understand market psycology. Also the Beautiful Bulls Eye signal which precisely tell you where market going to turn. All of you should sign for the free trial and see if it is something that interest you. I do have experience in both market , Futures and Forex. Come pick my brain. I am on vacation til 3rd though. Good Luck.

Franz Shoar

WTB
You should just sign for the free trial and you make your own judgement.

Franz Shaor

Thanks Franz. I'll go and take a look. You might like to check my site out as well...

I think I did already. Anything specific you'd like to know?

quote from: <link deleted>


The performance relied upon by Traders International Corp. in comparing the TIMES system with other systems is based on hypothetical trading performance information.
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Can you please give us a real traded performance?

Something that was traded.

Franz,

I hvae tried to set up a free trial to access your room as per your invitation a couple of times now and haven't had a response from anyone - any clues on how I can get this set up as I am interested in taking a look.

Simon

I think the office is little jammed. You may want to send an e-mail to [email protected]. The room was re started again Tuesday, and what a day it was.
Franz Shoar

Franz's room is in great demand. I don't think he'll be spending much time posting results. I can tell you he made over 100k with real money today (1-3-06), as usual.

Since they have a free trial you're welcome to check it out.

He doesn't use the TIMES system as such. However, the system is being revised to incorporate more of Franz's methodology.

just want to say I AM NOT a member or affiliated with Franz's room, but this thread has really pissed me off. If FF is such a caring, nurturing, lovey-dovey place where everyone and anyone can learn all aspects of forex trading, why was Franz so harshly criticised in this thread? I mean come on people, if you dont agree with something, dont rubbish it out the window without doing some reseach first. How much judging first, asking questions second has occurred here? I dont agree nor disagree with Franz's assertations, in fact I dont really care! At the moment Im focused on the PF which Ill be joining very shortly.

How many of you would have raised a few eyebrows had you been told a year ago that given the right trading conditions, it could be possible to earn a seemingly out of the ordinary return of say hmmm, in excess of 1500 pips for a given month?

I joined this forum to learn. Period. As history has dictated, anyone with a novel way of doing something or claims that they can do the unthinkable has always been laughed out of town, yet robots now crawl on Mars.

Good luck to Franz if what he says is true and shame on the hypocracy and closed-mindedness.

Happy New Year!