What is zanger's holding period?..Did he ever say that he gets his trading style from Livermore?... Before Zanger, who was the top dog?
Zanger style Trading
- Thread starter alisa
- Start date
top dog in trading i think to read from the context, i.e. a name a lot of people recognize, who is in top 20 list of traders monthly every year, etc etc
stocks
Ooops! Guess I didn't remember the exact date.Quote from BCE:
Did he get caught in the large, 15%, BIDU gap down last week?This is one problem that can arise from position trading, especially when holding through earnings. But this can happen day trading as well. I was day trading EMC on 7-2-2001 and got caught by an earnings warning, trading halt, right after the bell and lost $10k by the time it opened up again in 1 1/2 hrs. Notice I remember the exact day. My worse loss.
It was July 5, 2001 and EMC, which had been THE best stock on the NYSE in the 90's, went from a close of 30.03 on July 5 to a close of 21.60 the following day. Less than a year before it had been trading as high as 104.94. The Bubble.I think it is misleading to concentrate on Livermore as most, if not all, of what he did is not allowed today or just down right illegal.
Zanger uses O'Neill as a reference in some interviews I have seen.
O'Neill is probably one of the great traders/investors of the last 50 years. He just does not have much publicity about that part of his career.
Focuses his energy on IBD and Daily Graphs.
His basic book explains WHY and HOW stock go up.....increasing revenue and increasing profits....very fundamental components that most "traders" choose not to examine.
There are too busy seeking "holy grail", "system" etc etc.
You let GOOG have two quarters of profit loss and declining revenue and everybody talk about "whatever happened to GOOG??
Great Companies are not necessarily great stocks....
XOM, GE and WMT are great companies.....we basically can't live without them, but not such great stocks.
IMHO,
SteveD
Zanger uses O'Neill as a reference in some interviews I have seen.
O'Neill is probably one of the great traders/investors of the last 50 years. He just does not have much publicity about that part of his career.
Focuses his energy on IBD and Daily Graphs.
His basic book explains WHY and HOW stock go up.....increasing revenue and increasing profits....very fundamental components that most "traders" choose not to examine.
There are too busy seeking "holy grail", "system" etc etc.
You let GOOG have two quarters of profit loss and declining revenue and everybody talk about "whatever happened to GOOG??
Great Companies are not necessarily great stocks....
XOM, GE and WMT are great companies.....we basically can't live without them, but not such great stocks.
IMHO,
SteveD
Speaking of Dan Zanger, does anyone use AIQ software like he does?
I don't and I think the AIQ-Zanger connection is just a great marketing scheme for both of them. He even preaches simplicity himself....