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

deaddog said:
During the dot com bubble he turned 10k into 18 million in a couple years, it then took him nearly 20 years to turn that 18 million into 42 million. It's a lot of money but the compound annual growth rate is less that 5%.
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I remembered that he took $10k and turned it into $42m in 2 years. Not sure where you get that 20 years from. As of right now nobody knows how rich or (poor) he is...
 
M.W. said:
You can train someone to learn the trade but there many traits that can't be learned to be a good risk manager. One has those traits or one does not. You can't magically change a person's DNA makeup. That's not just my belief, thats what every seasoned trader with long term positive track record will tell you and what the original turtles experiment also revealed. Very few who possessed those inborn traits made it, the rest fizzled out and went for other careers.

What surprised me about your post is that you start denying the above but in the latter part of your post say exactly what I just stated. Without being "wired right" you can get all the training in the world but won't make it. Wired up for me means what you are born with, not how someone shapes you.
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This is 100% true. Some people have better traits for trading and it cannot be taught (Or it is hard for someone not good at it to be very good at it). I won't say its impossible but it takes practice and its hard to change, like for someone introvert to become extrovert or someone bad tempered to be calm.

I know Richard Dennis did a bet where he said he can get anyone to be a good trader. But in actuality he actually screened for people who innately have the ability to be good traders by asking questions and filtering them. Also, for those who made it and traded his system but deviated he dropped them off.

So by saying he can get anyone to be a good trader he was wrong. He actually screened thousands of people, picked the one with the best traits and then in the actual trading process kick out the ones who don't follow his rules. If he say picked 10 random people without screening and actually asked them to trade and cannot kick them out halfway, i'm sure the results will be different.
 
HolyGrailSeeker said:
I think some of the reasons is that they are some nuances in trading (which add up). Its hard to put into words but a season trader would be able to exploit it while others who just copy trade do not.
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That's what I meant when I said they lack the overall market understanding of when to size up and use it. As separate so not like "size up and use it" but size up and also use it in general, but my sentence structure is admittedly poor.
 
HolyGrailSeeker said:
This is 100% true. Some people have better traits for trading and it cannot be taught (Or it is hard for someone not good at it to be very good at it). I won't say its impossible but it takes practice and its hard to change, like for someone introvert to become extrovert or someone bad tempered to be calm.

I know Richard Dennis did a bet where he said he can get anyone to be a good trader. But in actuality he actually screened for people who innately have the ability to be good traders by asking questions and filtering them. Also, for those who made it and traded his system but deviated he dropped them off.

So by saying he can get anyone to be a good trader he was wrong. He actually screened thousands of people, picked the one with the best traits and then in the actual trading process kick out the ones who don't follow his rules. If he say picked 10 random people without screening and actually asked them to trade and cannot kick them out halfway, i'm sure the results will be different.
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Still that only worked in an 80ies-pre-algo up-market.
 
The Master is back! I cant watch his stream live though,it distracts me from my own trading. I can watch the replay later on Twitch or youtube. In just 47 minutes of streaming he dropped several gems of wisdom.
 
Darc said:
If you listen to how Mark Minervini won the 2021 USIC, it sounds similar to how Zanger produced his record $42 million. Although I suggest that Minervini held more Stocks, but the quick turnaround on Margin sounds similar.
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You got a link to where he describes how he did it specifically?
 
tony.m said:
Do we have any Zanger fan boys who are part of his $125/ month signals group ?
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I just started paying for his Trial. He puts out a sunday, monday, wednesday night report. In the chat he goes by DANO and is fairly active. In his email reports he basically always points to stocks he already owns and is up bigly on. (Shocker)

I am not however finding that he puts out a buy instruction in chat or anything like that.
 
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