Comments on: Why Dan Zanger is richer than most traders

By: Daniel zanger | Leatherandlace

Daniel zanger | Leatherandlace — Mon, 30 Jan 2012 19:08:40 +0000

[...] Why Dan Zanger is richer than most traders | Global Growth Investor …May 15, 2007 … I have been studying up a bit on Dan Zanger, probably one of the most successful momentum traders of all time. Last year alone he made $22 … [...]

By: PositionSystems

PositionSystems — Wed, 19 Oct 2011 22:49:10 +0000

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PositionSystems

By: winningstocktrader

winningstocktrader — Fri, 13 May 2011 15:14:53 +0000

…I agree with the basic idea. But I’d like to point out that it’s not only that Zanger uses tools available to everybody, the important thing is that he DOESN’T use useless fancy tools available to everybody, and that everybody keeps using… Successful trading is a lot simpler than we think it is, that’s why it’s so difficult for our mind…

By: winningstocktrader

winningstocktrader — Fri, 13 May 2011 15:01:16 +0000

I agree with the basic idea. But I’d like to point out that it’s not only that Zanger uses tools available to everybody, the important thing is that he DOESN’T use useless fancy tools available to everybody, and that everybody keeps using… Successful trading is a lot simpler than we think it is, that’s why it’s so difficult for our mind…

By: Jo Boxer

Jo Boxer — Fri, 26 Nov 2010 11:21:32 +0000

Excellent. I wonder how he handled any discrimination from ‘banking types’, who viewed him as a simple builder and not a potential player in the markets.

By: Randy O

Randy O — Sat, 16 Jan 2010 15:10:54 +0000

I continue to use Zanger 3 years later. For the cost of 1 trade I pay for his advice and his chart reading skills are gold. Last year returned over 120% following his stocks.

Forget the scanning. No need. I let him decide the stocks to trade.

By: Mark Crisp

Mark Crisp — Wed, 22 Jul 2009 20:32:39 +0000

I think that’s a very risky statment you are making.

Sure he got lucky in the Internet mania of 1998 -2000 and made outstanding returns. Be he aslo lost a massive % of his account in the years that followed.

You simply cannot risk more than 5% of your trading account without at least encountering huge drawdows. I knew aguy who made $5M by trafing in one stock at a time. He was 200%+ in on CROX hwen it gaped down 30%+ on poor earnings and he held on until the stock went down another 50%.

Yes big gains mean you have to take bigger risks….but you can’t gamble.

By: Billy W.

Billy W. — Wed, 20 May 2009 12:28:09 +0000

Brilliant article, especially the near the end.

I’ve followed Dan Zanger for years now and as a trader I think you nailed the critical factors as to why he is so damned successful with his trading.

Good work.

By: Humble Money » Trader Food For Thought, 16 May 2007

Humble Money » Trader Food For Thought, 16 May 2007 — Wed, 16 May 2007 06:37:53 +0000

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