How do famous swing traders like Dan Zanger size up so fast?

[tomkat22]

I don't trade equities. The only time I touched cash equity was to delta adjust positions at my professional job in the past. The original funding came of course from part of my savings that originated from corporate compensation. I never deposited nor withdrew a single dollar from my account after the initial deposit. Every dollar of returns was reinvested at the beginning of the next annual cycle.

So you dont trade stocks at all yet you feel you're qualified to critic someone who made 100mm trading stocks (in 10 years). Got it.

 

[M.W.]

Absolutely. I traded delta adjustments professionally to the tune of sometimes 10mln-20mln usd notional daily. Not a whole lot for pure equities guys who trade intraday positions but enough to be well educated about the entire equities space.

I don't critique the amount ever, I critique the gross omission of any verifyable proof and the playing with emotions of beginners and the desperate. And I don't doubt for a second that some of those charlatans are on this site, in this thread.

So you dont trade stocks at all yet you feel you're qualified to critic someone who made 100mm trading stocks (in 10 years). Got it.

 

[taowave]

No doubt,if true,he made his own luck,and that's a huge part of the game..

Keep in mind , he may have caught GME,AMC or whatever crazy APE stock

Guy is one of a kind

Alright, say the money is actual but the strategy he outlined and the rules he uses still don't fit the scene. I'm not claiming the strategy is a loser, i'm saying it's physically impossible to reach these returns in this time period. So, either he used a very aggressive approach and had tons of luck, trades inside information or made the money some other way. Markets just don't move that much. I understand this was in the period of covid, so volatility was definitely supporting this but still...i'm sceptical

 

[tomkat22]

Absolutely. I traded delta adjustments professionally to the tune of sometimes 10mln-20mln usd notional daily. Not a whole lot for pure equities guys who trade intraday positions but enough to be well educated about the entire equities space.

I don't critique the amount ever, I critique the gross omission of any verifyable proof and the playing with emotions of beginners and the desperate. And I don't doubt for a second that some of those charlatans are on this site, in this thread.

Speaking of "verifyable proof" we're suppose to just take your word for it you made 12.5 million from ACTUAL trading in your personal account?

 

[taowave]

You are right,but seemingly dead wrong about Kullamagi..

Absolutely. I traded delta adjustments professionally to the tune of sometimes 10mln-20mln usd notional daily. Not a whole lot for pure equities guys who trade intraday positions but enough to be well educated about the entire equities space.

I don't critique the amount ever, I critique the gross omission of any verifyable proof and the playing with emotions of beginners and the desperate. And I don't doubt for a second that some of those charlatans are on this site, in this thread.

 

[taowave]

Beat me to it

Speaking of "verifyable proof" we're suppose to just take your word for it you made 12.5 million from ACTUAL trading in your personal account?

 

[taowave]

Has anyone brought up Youtube other than you??

I don't trade equities. The only time I touched cash equity was to delta adjust positions at my professional job in the past. The original funding came of course from part of my savings that originated from corporate compensation. I never deposited nor withdrew a single dollar from my account after the initial deposit. Every dollar of returns was reinvested at the beginning of the next annual cycle.

Enough about me, I am not stating this to show off in any way or fashion. The only reason I chimed in is because I find the bullshit that is touted on YouTube and so easily believed by so many to be upsetting because it completely targets emotions and leaves intellect and logic completely out of the question.

 

[smacdtrader]

ok. last word for me here, but I feel like I gave a simulation a few pages back there that shows under pretty reasonable assumptions of strategy returns, a quick come up is mathematically very tractable. Not that hard to believe it can happen very fast under reasonable circumstances, if you have the strategy of course. Anyways, that's what I think we were trying to understand in the first place.

 

[M.W.]

I expressed several times clearly I don't educate nor charge for anything hence don't have any obligation to prove shit to you or others. Take it for whatever you want. And if you feel inclined, believe everything some guys state on Youtube. Your choice.

Speaking of "verifyable proof" we're suppose to just take your word for it you made 12.5 million from ACTUAL trading in your personal account?

 

[M.W.]

Perhaps I am, I fully account for that possibility. But I know I am right about the majority of other individuals. Btw, I never zeroed in on that guy, I know next to nothing about him.

You are right,but seemingly dead wrong about Kullamagi..