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He keeps a world record for his one-year trading stock market portfolio recognition, getting above 29,000%. There is an extensive article on Zanger written by Fortune magazine, which covers his trading results after revising his trading records and I.R.S. tax returns.
Net Worth:
Contents
The net worth of Dan Zanger for the year 2023 is estimated at 50 million U.S.D. In investment circles, Dan is known as one of the best traders in history, and it is because Dan once reached an earth-shaking 3,896,911% profit in just 23 months in the stock market.
The first step of this achievement, where he changed 10,775 dollars into 18 million dollars in June 1998 – Dec 1999, has been individually confirmed by asset managing company Effron Enterprises Inc and Fortune magazine. The second step, where he changed those 18 million dollars into 42 million dollars over May 2020, has not been checked but is still acknowledged by honorable industry sources as authentic.
In an acknowledgment letter to his record, Effron Enterprises Inc. noticed that it was not possible to chart his profits on the same page as regular stock market indexes as they were too immense.
Sounds very nice, to be honest? If it weren’t for separate inspections, most would note this history as a fairy tale. But it is only the tip of the glacier, as it gets even more insane when you find out what Dan’s career seemed to be before his famed run.
Let’s have a look at some details of his personal life.
| Net Worth | $50 Million |
|---|---|
| Age | 72 Years |
| Spouse/wife | Not known |
| Children | Not known |
| Recommended Books or Courses | Chart Pattern Analysis, Momentum Masters |
| Source of Wealth/ Profession | Stock Trader |
Dan Zanger’s Biography:
Early Life:
Dan was raised in the Valley of Los Angeles, San Fernando. His parents belong occupation of a physician, the name of his mother is Elaine, who was a psychotherapist, and his father was a doctor.
Education:
He went to a college in his area for a few years, then quit skiing in Idaho and Colorado. During his early twenties, he did a few unusual jobs, including cab driver, bellhop, and training cook to make money and support himself.
Professional Carrier
Construction contractor:
Afterward, he returned to Los Angeles, having zero experience in trade or schooling besides only high school education. Finally, he became an authorized contractor in California while working for a landscaping firm. Being an independent contractor, he earned a modest living by constructing pools in Beverly Hills. Twenty years of his life were spent building swimming pools, where his income never rose above 50,000 dollars.
Zanger mostly watched on television the business channels with his mother, who was a big fan of stock markets.
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Stock Marketing Career:
In 1978, Dan observed a stock blow up throughout the ticker and attained 1 dollar on one particular day. After buying his 1st stock, he only marketed it for more than 3 dollars a few weeks later. After this marketing, he got addicted to the trade tape and brought a quote tramp with him to remain on the peak of stock rates when he was away on contracting jobs. Apart from ravenous books and attending conferences, Dan spent “15 hours on weekends and three hours on weekdays” learning chart examples.
At the mature age of 45 in 1998, Zanger marketed his Porsche to increase the disreputable 10,775 dollars that determined his career. He would go on a complete tear, floated by the dot com bubble, creating massive profit in the next two years. In one of his biggest deals, in Jan 1999, he bought stocks of $CMGI, then just after four days, he sold them for a 210% profit. This drive is dedicated to the 40 Greatest Trades of All Time list in Monthly’s Trader.
World records of Dan Zanger
Dan Zanger’s website shows he has calculated every shape of chart pattern structure possible for about 10,000 plus hours and 20 years. He schemes to merge chart patterns with speedily increasing firms with powerful earnings development. Such stocks can produce big profits, occasionally equal to a few hundred percent.
Dan’s portfolio returns of 12-month and 18-month are world records. In the short span of the late 90s, he changed from roughly 11,000 dollars into approximately 18 million dollars.
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Website and Newsletter:
The Dan Report was a faxed newsletter released in 1996 that was broadcast by Dan each night to lots of beginner traders. He turned this faxed letter into a learning website in 1998 named chartpattern.com. This site emphasized that traders can notice and exchange models utilizing daily stock schemes. Millions of traders use this website throughout the world, comprising hedge funds, market makers, and private investors.
A Proven Tactics
Dan’s achievement wasn’t luck, and it was the outcome of a long time he spent studying a theory named growth investing — notably, a tactic titled CAN SLIM. Initiated by William O’Neil, a famous trader, CAN SLIM determine stocks with more significant rising possibilities. Dan used his particular turn of CAN SLIM to reach crazy profits and keep applying it to this day.
Conclusion:
Dan’s most enormous overnight profit during his career was a stunning 5.2 million dollars. But he went through a fair share of losses as well. In an interview, he said that he lost 75% of his portfolio once while trading. On the whole, exact adherence to CAN SLIM laws avert this, but there’s constantly the chance that a stock will gap down or fall so promptly you cannot sell at your stop loss. So we can conclude that the thing that took Dan from zero to hero was his willpower and strict adherence to his plans.
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