Dan Zanger
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Daniel J. Zanger is a technical stock and equities trader. Zanger hit the media spotlight after audited returns showed he turned $10,775 into over $18,000,000 in under two years.[1][2]
Personal history[edit]
Dan Zanger holds a world record for his trading[1] one-year stock market portfolio appreciation, gaining over 29,000%. In under two years, he turned $10,775 into $18 million.[3] Fortune magazine wrote an extensive article on Zanger, covering his trading results after reviewing his IRS tax returns and trading records.[4][5][6]
Zanger grew up in the San Fernando Valley area of Los Angeles. His father was a physician and his mother was a psychologist. He started college but dropped out to snow ski for a few years in Colorado and Idaho. He had a few odd jobs, such as bell hop, cab driver and prep cook to support himself during his early twenties.
Eventually, he moved back to Los Angeles with a high school education and no professional trade experience or education. He started working for a landscaping company and eventually got his California contractor's license. He ventured into pool building in Beverly Hills as an independent contractor where he made a modest living from then on.[7]
His mother Elaine loved the stock market, and Dan would often watch business channels with her on television. One day in 1978 he saw a stock explode across the ticker tape at the bottom of the screen and hit $1. He made his first purchase and sold the stock a few weeks later at over $3. From that sale on, he was hooked on the action of the market tape, usually carrying a quotetrek device with him on his contracting jobs to stay up on stock prices.[8][9]
Internet bubble[edit]
As technology and internet stocks took center stage in the stock market in 1997, Zanger began to see powerful moves underway. He sold his Porsche for approximately 11,000 dollars to have the necessary capital to jump fully into the market. Over the next year, he parlayed the 11,000 dollars into $18 million with the knowledge acquired over two decades playing the market and re-reading the works of William O'Neil.[10] With this success, he was able to become a full-time trader and leave contracting behind.[11][12]
The Zanger Report and Chartpattern.com[edit]
In 1996, he produced a faxed newsletter called 'The Zanger Report' which went out each night to several hundred beginning traders. He evolved this faxed letter into a new educational website called chartpattern.com in 1998, where daily stock charts highlight interesting patterns that traders could study and trade. This website now serves thousands of traders around the world providing services to industry market makers, hedge funds and private traders alike.[6][13]
References[edit]
- ↑ 1.0 1.1 "Personal Portfolio Performance" (PDF). Chartpattern.com. Retrieved April 12, 2022.
- ↑ "My Stocks Are up 10,000%! Tired of listening to neighbors brag about stratospheric returns? Convinced their figures are nothing more than hot air? Turns out some are telling the truth--and they're willing to prove it. - December 18, 2000". Archive.fortune.com. Retrieved April 12, 2022.
- ↑ "How Does He Do It? AIQ User Holds World Record for One-Year Portfolio Appreciation" (PDF). AIQ Systems. Retrieved April 12, 2022.
- ↑ "My Stocks Are Up 10,000%! Tired of listening to neighbors brag about stratospheric returns? Convinced their figures are nothing more than hot air? Turns out some are telling the truth--and they're willing to prove it. - December 18, 2000". Money.cnn.com. Retrieved 12 April 2022.
- ↑ "Fortune: 12.18.2000 Investor's Guide: My Stocks Are up 10,000%! Dan Zanger". Chartpattern.com.
- ↑ 6.0 6.1 "Dan Zanger Interview". Traderslog.com. 28 September 2009.
- ↑ "Traders World : Interview with Dan Zanger" (PDF). Chartpattern.com. pp. 23/6. Retrieved April 12, 2022.
- ↑ "Miami Herald : "I gave 100% to finding the big winners"" (PDF). Chartpattern.com. April 23, 2006. Retrieved April 12, 2022.
- ↑ "Archived copy". Archived from the original on 2010-11-03. Retrieved 2010-11-02. Unknown parameter
|url-status=ignored (help)CS1 maint: Archived copy as title (link) - ↑ "Interview - Dan Zanger of Chartpattern.com". 4 March 2011. Archived from the original on 4 March 2011. Retrieved 12 April 2022. Unknown parameter
|url-status=ignored (help) - ↑ "SoundCloud - Hear the world's sounds". SoundCloud.com. Retrieved 12 April 2022.
- ↑ "Archived copy". Archived from the original on 2016-12-20. Retrieved 2016-12-16. Unknown parameter
|url-status=ignored (help)CS1 maint: Archived copy as title (link) - ↑ "Interview with Rich Trader Dan Zanger". Newtraderu.com. 20 September 2016.
External links[edit]
- Chartpattern.com
- InvestorsInsight.com
- Esignal
- Market Technicians Association MTA.ORG
- Investopedia.com
- Forbes
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