Dan Zanger is a classic example of how one person can turn a modest investment into a fortune in the world of trading. Although his story begins with over $100, it is a true example of how dedication and market research can lead to impressive results.
In the mid-1990s, Zanger was working as a construction worker. Dissatisfied with his economic situation, he became interested in the stock market. Using his spare time, he studied stock charts and became obsessed with technical analysis. He spent years honing his ability to read chart patterns and understand market behavior.
In 1996, he decided to take a gamble on what he had learned. He invested $10,000, which he had saved over the years, and began trading high-growth stocks on the stock market. His big breakthrough came when he took advantage of the late 1990s technology boom, known as the dot-com bubble. During this time, Zanger focused on technology stocks, using his ability to identify chart patterns, such as ascending channels and flag formations, to make his investments.
Through a combination of precise technical analysis and excellent risk management, he managed to turn that $10,000 into $18 million in about two years. In December 1999, during the height of the tech bull market, Zanger broke the world record for the largest personal profit percentage in a single year, according to Guinness World Records, with a return of 29,000%.
Zanger's story was not a matter of luck. Throughout his career, he showed a deep understanding of the markets and the ability to act at the right time, always following his trading rules. He was also very strict with his risk management, never letting emotions control his decisions.
Although Zanger started out with more than $100, his story is a powerful example of what can be achieved with a combination of discipline, study and action in the world of trading.
Today, Dan Zanger is a trading legend and remains active in the investment world, sharing his knowledge with other traders through his website and newsletters.