Pool Contractor's Stunning Success: From $10,775 to $42 Million in Just 2 Years.
A thread. ๐งต
A thread. ๐งต
Dan Zanger is renowned as one of the most successful traders in history, having reportedly gained 3,896,911% in the stock market over 23 months.
Fortune magazine and Effron Enterprises Inc. have verified that he turned $10,775 into $18 million from 1998-1999.
Fortune magazine and Effron Enterprises Inc. have verified that he turned $10,775 into $18 million from 1998-1999.
And it's widely believed that he then turned that same $18 million into $42 million by May 2020.
Zanger has achieved the highest single-year return in the stock market, setting a world record.
Zanger has achieved the highest single-year return in the stock market, setting a world record.
(1) Look for strong fundamentals.
He emphasizes EPS and sales growth rather than P/E ratios in selecting stocks.
1โฃ Quarterly EPS growth of over 20% YoY and QoQ
2โฃ The recent quarter sales > 20%
3โฃ Annual EPS growth of >20%
He emphasizes EPS and sales growth rather than P/E ratios in selecting stocks.
1โฃ Quarterly EPS growth of over 20% YoY and QoQ
2โฃ The recent quarter sales > 20%
3โฃ Annual EPS growth of >20%
(2) Limit losses to 5% or less.
He sells a stock if it falls below 5% of purchase price, as it is difficult to predict how low it may go.
By setting this maximum loss rule, it can help prevent further loss and potentially lead to profit with just one successful trade.
He sells a stock if it falls below 5% of purchase price, as it is difficult to predict how low it may go.
By setting this maximum loss rule, it can help prevent further loss and potentially lead to profit with just one successful trade.
(3) Identify high probability patterns.
He looks for bullish chart patterns, such as cup-and-handles, flat bases, and triangles, and entering trades when they are accompanied by an increase in volume.
He looks for bullish chart patterns, such as cup-and-handles, flat bases, and triangles, and entering trades when they are accompanied by an increase in volume.
(4) Hold your winners and sell your losers.
He advices to keep the top performing stocks for a longer period of time, but sell off those that aren't performing well or have slowed in growth.
Stocks are only profitable when they are increasing in value.
He advices to keep the top performing stocks for a longer period of time, but sell off those that aren't performing well or have slowed in growth.
Stocks are only profitable when they are increasing in value.
(5) Identify top performing industries group to capitalize on.
He invests in sectors or industries that are performing well and keeps his portfolio within these groups. By focusing on strong sectors, he increases his chances of making a profit.
He invests in sectors or industries that are performing well and keeps his portfolio within these groups. By focusing on strong sectors, he increases his chances of making a profit.
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