Challenge to Dan Zanger's results

Is Dan Zanger a "Great Trader"

  • Yes, he has the World Record

    Votes: 87 41.4%

  • No, He is Inflated, record has alpha problems

    Votes: 39 18.6%

  • Who in the hell is Dan Zanger?

    Votes: 84 40.0%
  • Total voters
    210
Larry: How long does it take to make a good trader?

Dan: It depends, but with most people that are really successfully they have been at it for 4-6 years at a minimum
 
Quote from Port1385:

Larry: How long does it take to make a good trader?

Dan: It depends, but with most people that are really successfully they have been at it for 4-6 years at a minimum
More...

DZ is right.
 
I heard of Dan zanger from someone. He made money, yap so does lot of great traders, he built his own strategy. and I heard lot of people got burnt badly following his alerts in his chat room. So if you learn patterns and come up with your own strategy and learn how to interpret the chart that is the best way you can trade not by following Dan or someone else's alert in the chat room blindly. Every equity goes up or down, once your master the trend and pattern you will pick your own alerts and flow with the trend of the equity, for that you need a good charting software not a paid alert alert service.
 
A trader should always buy the issues that he/she wants, alerts or no alerts. But Dan reads the market ok, perhaps better than most. And can identify patterns better than many. So his service is useful in that it gives a work frame and a short-term point of view. If someone expects Houdini, no, that doesn't exist.

Following something -anything- blindly, is the surest road to disappointment. With this caveat, his nightly letters can be one more weapon for the battleground.
 
Quote from fxpeculator:

I see a nice batch of posters who cite Dan Zanger is being a great and successful trader. (The World Record Holder, LOL)


Dan Zanger should not be praised and be included within the trading elite as his alpha is challenging to measure. Zanger made his stake in a bull market. Zanger used maximum leverage increasing his return.


With the bull market and leverage variables and his inability to repeat past success in a bear or range trading market, I would not put an undeserved premium on Dan Zanger.


No disprect to him, but the best traders are able to generate alpha consistently which Zanger has and is not able to do.
More...

You herbs on this site are fascinating to watch. This guy makes what, $20 mil plus and you say he should not be praised!? Give me a break. I see the same type of comments on major hedge fund players who do well in the market but, of course, you get people like yourself who just love to run their mouths. You should post a P/L of that type of return. Point is, Zanger found a hot market and exploited it.
 
There is always a Zanger left after any period in the stock market - bull or bear, doesn't matter - point is how does that translate into a success of average Joe like me for example :)
If we take any disaster - there is always a person who foresaw it.. Always :)
 
You must log in or register to reply here.
Back
Top