Well at least he kept some of his money unlike your "golden child".
Has Anyone Beaten Dan Zangers 300,000+% Return
- Thread starter Fundlord
- Start date
Well at least he kept some of his money unlike your "golden child".
Vic remains very wealthy.
Oh I see. So on the one hand Vic is an awesome trader because he has some money after going bust multiple times. But this other dude is a lucky plunger. Yes, I see. Makes a lot of sense. You obviously are not biased.
I would never say luck didnt have something to do with VN success. Its not everyone who gets hired by Soros.
Vn doesnt sell newsletters teaching YOU how to do it. He teaches others for free. A huge difference. Nothing wrong with selling info just that most real pros dont do it-- although a few do.
It's similar to winning a lottery ticket, except instead of buying a ticket he did the right trading at the right time, apparently using max leverage.
However, it is my understanding he has not been able to reproduce such performance, so he used the initial fame to create a newsletter and keep milking his name.
Was it a one-hit wonder?
Looks like it, but the he does hold the World Record and that within itself is outstanding, regardless of how bad of a money manager or his newsletter is.
I have met many great, great traders. I have never met a SINGLE serious pro who was consistent with retail-type momentum strategies. Its always the same story. They make a killing at the tale end of a bull market then bleed out. Surf - with your experience, have u ever seen a serious pro who was a retail-type momentum strategy? I don't think they exist. The extreme swings though are perfect for getting the retail crowd interested in a newsletter - and nothing's wrong with that IMO.
Never, and that's why they all turn to selling lessons eventually. What I find most interesting is today, with all the retail "verification" services around, there are ZERO high performing retail guys any longer. This could mean several things but most are very negative---- surf
PS. When I worked with Larry Connors we had access to the largest repository of trade data available-- what we discovered is breakout strategies and the typical retail mo mo strategy simply lost money over time. However, pull back and reversion strategies slightly outperformed the market overtime. In other words, technical trend traders and price action are doing the exact opposite of what is proven to actually work. This is how i can safely say that these claims of price action long term success here on elite traders are 100% false. I have the data to back this up. the parrotbots who preach differently only have words. surf
That's all well and good and I have no reason to disbelieve---BUT can you produce the audits and proof of claims, as you roundaboutly alledged??