Has Anyone Beaten Dan Zangers 300,000+% Return

The two Japanese guys have made huge percent returns. But it was mainly due to the JCOM fat-finger event. So it was purely luck vs skill in Dan's case.

I guess some guys made huge returns during the 2011 flash-crash too. Just need one right option trade and it give you instant five digit returns.
 
MrN said:
why after 20 years of trading did he only have 11k in his account. Still a great achievement though in terms of trading runs for the record books.
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Because his account went boom and bust multiple times over different market environments. Each time he went from 5 figures to deep six figures, then back to 5 figures until late 1998 to early 2000 he caught the massive dotcom bubble. I believe he was up to $40 mil in early 2000, then dropped to $16 mil by late 2002.
 
Even though I neither like or dislike Zanger, I'm waiting for the first dumbass to belittle his documented audited achievement.
 
Autodidact said:
Even though I neither like or dislike Zanger, I'm waiting for the first dumbass to belittle his documented audited achievement.
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I did not belittle his achievement. When constructing a performance record of a trader utilizing a strategy you look at the full history - Not a selective period where they did particularly well. Simple fact. Does not take away from the glory of plunging for 2 years and earning that record-breaking return.
 
I guess I could say yes... But only on a technicality. When I opened my futures account my fcm had watched me trade for 2 years. I owned a seat so they didn't wait for my check to clear. By the time it bounced, I was up a significant percentage of the planned deposit so they told me not to bother. So technically I started trading with 0 and had a profit. You do the math:)
What he did is much more impressive.
 
Zanger sells a service based upon that record.
I recall something like at least 400 members@ $79/month= 31k/month

No credible record since then
Wishy washy words, but hell it is a bizness.

On options, he is a fan of ITM for the right kind of stock, like a GOOG

If I ever choose to day trade again, I'll subscribe and fade away
 
Vic Niederhoffer came close or beat these claimed returns earlier in his career. However, he is not a promoter so you never heard of it-- but he did go on to be the number one ranked hedge fund manager on earth for a number of years. surf
 
MrN said:
I did not belittle his achievement. When constructing a performance record of a trader utilizing a strategy you look at the full history - Not a selective period where they did particularly well. Simple fact. Does not take away from the glory of plunging for 2 years and earning that record-breaking return.
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I did not say you did, in fact, I stated that I was waiting to see who would be the first one, future tense :)
 
Autodidact said:
Even though I neither like or dislike Zanger, I'm waiting for the first dumbass to belittle his documented audited achievement.
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Is this something like a lottery winner earning $100 million on a $1 ticket? An outlier? No idea, just asking since the guy seems to earn a living as a letter writer And promoter of old glories based on a quick google.

Can you produce the audit and documentation? I never heard of the guy, he's unknown in the money management world, but you posed a challenge--- so produce. Please no self reported results. Thank you
 
blakpacman said:
Because his account went boom and bust multiple times over different market environments. Each time he went from 5 figures to deep six figures, then back to 5 figures until late 1998 to early 2000 he caught the massive dotcom bubble. I believe he was up to $40 mil in early 2000, then dropped to $16 mil by late 2002.
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Sounds like a lucky plunger. Nothing more. Nothing less.
 
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