Dan Zanger stock service - chatpattern

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umashankar

I just became a member to his free two week trial after reading about him and going through the results on his web site.
Does anybody here a subscriber of his service? If so, how is your performance, How are his picks doing?

Thanks in advance
 
umashankar said:
I just became a member to his free two week trial after reading about him and going through the results on his web site.
Does anybody here a subscriber of his service? If so, how is your performance, How are his picks doing?

Thanks in advance
More...

Ballsy trader during the dot com boom.

He had the right size of balls and was at the perfect time and at the right instruments and made a small fortune, record breaking returns, still unbeat in terms of percentile.

However, it seems he was a one bull market wonder, and now lives off the name he created back then with his newsletter. My info comes from inside, which is more than a personal opinion.
 
Good luck,
Newsletter subscribers are for suckers.

-- you should really understand the markets on your own. really understand it...on another level...like it's your soulmate.
pick one thing or type of thing to trade...and master it. :cool:
 
Its not worth it. He basically rehashes stocks from the IBD 50, which you could just subscribe to directly. I am a momentum/ultra-growth trader like him, and I would never subscribe to him(or any service for that matter).

He does not talk about how much he lost after he made his $40+ mil. I think he lost the majority of it. Like others have pointed out , he lives off his dot com legacy.

Also, Why would he need to charge people $100 month if he made that kind of money?
 
fika said:
He does not talk about how much he lost after he made his $40+ mil. I think he lost the majority of it.
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If that's true, then his "making $40 mil" had a large element of luck. No trader worth his salt would EVER lose back a large portion of a big gain.... and if he did, you shouldn't be subscribing to his advice.

The 1st Principle of Trading/Investing.... PROTECT CAPITAL!

(Some players get a mulligan or two... blow out, get more capital, usually via OPM ... blow out again, get more capital.... most of us don't have those opportunities. I understand, "you can't steal 2nd while keeping your foot on 1st", but you still have to be sensible and diligent always.)

I recall one of the bright things Cramer once said (have there been many of those or just a few??)... Referencing somebody who had made big money, then lost a big chunk of it.... Cramer said, "Let's see if he can trade his way back to profitability, or was he just a no-talent hack who was lucky to have made the money in the first place"? That's a valid question if you're going to pay for someone's advice.
 
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