$3k to $1 mil in one year

uhh, well, as I mentioned on another thread Dan Zanger went from $10,000 to $42,000,000 in less than 2 years. This track record has been audited and verified with IRS tax returns. Tim Sykes turned $12,000 into $4,200,000 on penny stocks.



so I say.... go for it! if yo are successful you be another Dan Zanger story and very shortly become a hedge fund manager, people will throw money at you....

https://en.wikipedia.org/wiki/Dan_Zanger
 
I saw this other thread titled "$10k to $100k in one year challenge " and found both the idea and the poster's attitude (condensed into the statement "please provide feedback and critique but if it is not encouraging it means you are a loser and take your feedback somewhere else) so incredibly ridiculous that determined it had to be a joke thread ... yet posters answering the thread took it very seriously ... baffled, in a moment of boredom I wrote this even more ridiculous thread as a parody of that other thread.

Anyone trading real money without common sense (which includes appropriate sizing) is probabilistically bound for ruin. Sure a few gamblers who are into pyramiding may make a bloody fortune if madly lucky. And a few gamblers can punt 10k in an effort to achieve 1000% annualised return in one year; odds are most will lose the entire investment (if anyone feels like calculating the probability of ruin plese feel free to contribute). That is not trading. That's playing lottery.

Traders would do well in trying to emulate the likes of Ed Thorp, not the likes of Dan Zanger.
 
Zanger & Sykes - the biggest promoters selling the dream to the get rich quick crowd looking for a casino like payout. They sure are great marketers. Shooting star traders are a dime a dozen, the hard part is keeping it and going the distance.

Zanger's earnings according to his own audit I found showed he made $2,531,000 during the last leg of the dot.com bull. He said he did it with only $10k - but he blew up 5 times before this, including blowing through a $100k inheritance. Maybe the last $10k got him going but in reality he started with about $200k. (PDT $25K x 4 + $100k inheritance = $200k). Turning $200k into $2.5M in that era- is good but not mind blowing. Keep in mind there were tons of those that made a million or more in 1998/99. He did say he gave a lot back during the dot.com crash.

Sykes - While living at was given $12k , he made $90k. He bombed out trying to run a fund, went heavy into marketing selling the get rich dream claiming he made millions while refusing to provide records - word on the street was he went near bust at one point. He may have made millions from selling the dream to the many subs, he sure owns enough web sites to market his courses. See Wikipedia.

Zanger.PNG
 
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comagnum said:
Zanger & Sykes - the biggest promoters selling the dream to the get rich quick crowd looking for a casino like payout. They sure are great marketers. Shooting star traders are a dime a dozen.

Zanger's earnings according to his own audit I found showed he made $2,531,000 during the last leg of the dot.com bull. He said he did it with only $10k - but he blew up 5 times before this, including blowing through a $100k inheritance. Maybe the last $10k got him going but in reality he started with about $200k. (PDT $25K x 4 + $100k inheritance = $200k). Turning $200k into $2.5M in that era- is good but not mind blowing. Keep in mind there were tons of those that made a million or more in 1998/99. He did say he gave a lot back during the dot.com crash.

Sykes - While living at was given $12k , he made $90k. He bombed out trying to run a fund, went heavy into marketing selling the get rich dream claiming he made millions while refusing to
provide records - word on the street was he went near bust at one point. He may have made millions from selling the dream to the many subs he - he sure owns enough web sites to market his courses. See Wikipedia.

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Well your info seem to very accurate. All I know is what I read. Sykes Is dead?

Ok then I held this back. I was a financial advisor from 1995 till 2003. I had a client start with $100,000 and on just AOL Stock he got up to $2,500,000. I begged him to buy puts or sell but of course he wouldn't listen and ended up cashing out for about $80k. But I saw it happen

Honestly I don't know why I even care. I just want to be a good solid consistent trader and the money will follow
 
So where are those track records accessible? Where is the proof?

Jdesey said:
uhh, well, as I mentioned on another thread Dan Zanger went from $10,000 to $42,000,000 in less than 2 years. This track record has been audited and verified with IRS tax returns. Tim Sykes turned $12,000 into $4,200,000 on penny stocks.



so I say.... go for it! if yo are successful you be another Dan Zanger story and very shortly become a hedge fund manager, people will throw money at you....

https://en.wikipedia.org/wiki/Dan_Zanger
More...
 
panganp said:
I saw this other thread titled "$10k to $100k in one year challenge " and found both the idea and the poster's attitude (condensed into the statement "please provide feedback and critique but if it is not encouraging it means you are a loser and take your feedback somewhere else) so incredibly ridiculous that determined it had to be a joke thread ... yet posters answering the thread took it very seriously ... baffled, in a moment of boredom I wrote this even more ridiculous thread as a parody of that other thread.

Anyone trading real money without common sense (which includes appropriate sizing) is probabilistically bound for ruin. Sure a few gamblers who are into pyramiding may make a bloody fortune if madly lucky. And a few gamblers can punt 10k in an effort to achieve 1000% annualised return in one year; odds are most will lose the entire investment (if anyone feels like calculating the probability of ruin plese feel free to contribute). That is not trading. That's playing lottery.

Traders would do well in trying to emulate the likes of Ed Thorp, not the likes of Dan Zanger.
More...

You have to understand though, trading is a dreamers game. Being successful at trading is like becoming a professional basketball player, probability wise possibly worse. But it doesn't matter, because a lot of traders do in fact have an ingrained mentality of gambling. They are essentially two sides of the same coin, lets not kid ourselves. Need an explanation?

 
I don't see them. A pic of a spreadsheet is not considered any proof. Nor a photo of a bank statement that anyone could have typed up in MS Word. Where are the audit firms that confirmed such track record?

Jdesey said:
Just google it. You'll see for yourself
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panganp said:
I have devised this advanced strategy by employing statistical analysis via R on S&P futures, 30 year treasury futures, VIX futures and VXX, and deployed it on a C++ trading platform, it consists on selling VXX when certain conditions are met. The execution shall be based on establishing a small bet upon a VIX spike of X%, sizing small enough to allow an 8 period martingale, and then pump it up once the VIX curve moves back into contango. I will make one million this year! It shall be my challenge. Can't wait to share my PNL and then throw a big party and travel around the world. It will be spectacular.
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lmao...this is so cute and adorable...
 
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