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

90% bullshit and 10% real results. Can't blame people for being skeptical.

Trading is the only job where you don't need to be "certified" profitable. Every other job needs some sort of licensing, portfolio, degree from a reputable institution.

No wonder most of us are just so lost lol
 
Axon said:
Assuming his reputation at face value, I understand he specializes in an entry strategy with extremely tight stops and won't enter a trade otherwise, so even though the amount risked between the entry price and the stop is a small percentage of his account, because the stops are so close, the absolute values of his trades are of a much larger size than one would ordinarily expect, reportedly up to double digit percentages of his entire roll. He's also a swing trader and will sometimes hold a trade for weeks at a time after one of these entries. Just a few big runners per year like this will make big profits. I don't know firsthand if his performance is real but I have seen no indication it isn't.
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So what is the point of tight stops if you are holding a position overnight? They ain't going to help you.
 
wxytrader said:
So what is the point of tight stops if you are holding a position overnight? They ain't going to help you.
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The tight stop is placed upon the initial entry. If the trade works, it moves up and soon he raises his stop to the 10 day moving average which isn't nearly as tight as it was initially. He can explain his system a lot better than I can. See pic related and https://qullamaggie.com/my-3-timeless-setups-that-have-made-me-tens-of-millions/

IMG_1130.jpeg
 
Kris' stops seem to be flexible and discretionary (but only to a point). If he perceives a break-out is false he dont hang around long,he gets out. I think he keeps the stock on his radar though and might re-enter at his discretion.
 
All the good Momo guys look for a setup to re-enter

hilmy83 said:
90% bullshit and 10% real results. Can't blame people for being skeptical.

Trading is the only job where you don't need to be "certified" profitable. Every other job needs some sort of licensing, portfolio, degree from a reputable institution.

No wonder most of us are just so lost lol
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tomkat22 said:
Kris' stops seem to be flexible and discretionary (but only to a point). If he perceives a break-out is false he dont hang around long,he gets out. I think he keeps the stock on his radar though and might re-enter at his discretion.
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Robbins cup day trading leaderboard from 11-17-2023

upload_2023-11-22_17-17-30.png


And through 11-21-2023

upload_2023-11-22_17-18-4.png


Hsieh, Dressel, and Bober are each still on the leaderboard and up from 11-17.

Valentini and Stauffer are both new to the leaderboard. The leaderboard posts all who have a positive return, so those latter two just turned profitable in the past few days.

I'll be interested to see what the leaderboard looks like after today, but it has yet to be posted.
 
Rams Fan said:
Robbins cup day trading leaderboard from 11-17-2023
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Also noteworthy that Nykyforuk went from +23.8% to off the leaderboard, i.e. this trader gave up all gains and is now negative since the contest began on 10-01-2023.
 
Scataphagos said:
To size up fast, you need to bet big and be right... likely several/many times. We hear about a few who do in fact make it big... but there are scores more who tried and failed that we never hear about.
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I'm sorta talking to myself here I guess, but this isn't strictly true. I'm linking to my earlier post that shows with pretty reasonable assumptions and totally conservative draw down, you can 100x in a year or 2.

https://www.elitetrader.com/et/posts/5893196/
 
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