Has Anyone Beaten Dan Zangers 300,000+% Return

[Visaria]

It is entirely possible to do this with Options, problem is: easy comes, easy goes. I bet he won't be able to duplicate this. I did something crazy like this twice in my lifetime. I once turned $5000 into $112.000 in one month in 1994, then over time I lost it all back over time. The other time I managed my partner's funds. I started with his $850,000, it dropped to $250,000 (yikes), trading Options, then in from Dec 2000 to August 2001, I turned it into $9+Million. I had $9 million in puts when Sep 11 happened. The next day 9/17 it doubled into 18.5 Million dollars. Believe it or not. My partner took his money and retired and I gave all my commissions back over time. Options are a gamblers paradise.

Well, you only have to get rich once...

 

[Visaria]

The ones i know are.

Survivorship bias, as your mentor might say...

No we don't know each other, apols for using your name.

 

[dbphoenix]

So what's Zanger's secret?

Zanger completely ignores yardsticks such as price-earnings ratios and revenue growth. The only thing he cares about is how a stock is behaving.

This spring, Zanger says, he moved most of his assets into cash, shielding him from the tech meltdown. There the money will remain until his charts tell him the worst is over.

He focuses on price behavior.

He's studied and characterized his instruments and his market.

He's prepared.

It's nothing secret; it's just that so few people take the trouble.

 

[Brianharvey]

Apparantly, it's mainly:
Cup and Handle patterns, Falling Wedges, Ascending Triangles, Bull and Bear Flags

 

[Rajacar]

Well, you only have to get rich once...

Yeah, but when I made that kind of money, I thought I was King of the world and I could never lose my Million+ dollars in commission back, but I did (like a fool) and I suspect Dan lost his own back too!

 

[dbphoenix]

Apparantly, it's mainly:
Cup and Handle patterns, Falling Wedges, Ascending Triangles, Bull and Bear Flags

I suspect he focuses on the behavior that creates the pattern rather than the pattern itself. If the "secret" were nothing more than trading patterns, then anyone who traded patterns would be making his living thru trading.

But it's not so simple, largely because those who focus on patterns ignore the behaviors that are creating the patterns. They therefore don't know when to press and when to hold back.

 

[Rajacar]

Anyhow, I am looking for a May 18 swing High in the stock market, basis various Timing methods and Cycles.

 

[Brianharvey]

Everyone who trades from a chart are trading 'patterns' in a sense.

 

[dbphoenix]

Everyone who trades from a chart are trading 'patterns' in a sense.

If by "pattern" you mean all price movement, arguably. But when people refer to patterns, they generally mean geometric shapes: flags, pennants, triangles, wedges, cups, horns, and so on. Which carry about the same weight as the big and little dippers and Orion's belt.

 

[Brianharvey]

Would you say a 'hinge' is just a 'triangle pattern', though?