Today we look at world record-holder trader Dan Zanger Zanger. Although he is not an author, Dan Zanger is highly regarded and has appeared in a variety of publications. He also produces the "Zanger Report" on the website chartpattern.com. Dan Zanger, on the other hand, gained notoriety for record-holding returns when he turned just over ten thousand dollars into 18 million dollars in less than two years. His returns hit the media spotlight soon after his performance was audited and proven through his IRS records. Let's look at how Dan Zanger achieved such gains and learn from the method that he still uses to this day. Dan Zanger used his strategy during the tech bubble era to gain significant leverage. A company called Efron audited the results he obtained. The audit confirmed an astonishing return of 29,223 percent, dwarfing the S&P 500 index return of only 23 percent over the same period, according to Efron. 1. Make sure the stock has a well-formed base or pattern, such as a flat base, a bull flag, a symmetrical triangle, an ascending triangle, an inverted head and shoulder, a cup and handle, and a double bottom. 2. When the price of the stock has broken through the trend line or resistance, it is time to buy. Never pay more than 5% more than the breakout price.

Dan Zanger best summarized his concept when he said, "Trading for me is all about volume and price action." "I buy on pattern breakouts when the volume is rising, and as long as the price is responding well to increasing volume, I stay on board, but when either the price or volume stops rising, it's time to get out."

1. Make sure the stock has a well-formed base or pattern, such as a flat base, a bull flag, a symmetrical triangle, an ascending triangle, an inverted head and shoulder, a cup and handle, and a double bottom.

2. When the price of the stock has broken through the trend line or resistance, it is time to buy. Never pay more than 5% more than the breakout price.

3. Sell the stock as soon as possible. If the price falls below the breakout level, a stop loss of 5–7% is assumed.

4. Making a Partial Profit When the stock rises 15-20%, sell 20–30% of your position.

5. Cut the losers and ride the winner. Hold stocks that continue to rise and sell those that lose momentum or begin to fall. Stock is only good when it is moving up!

6. Stock selection entails identifying and following strong groups of stocks and attempting to keep selections within these groups.

7. Exit: Once the market has moved significantly, your stocks will be vulnerable to a sell-off. To exit your position, look for a reversal pattern.

8. Volume: At the point of breakout, look for rising volume. Remember that volume moves stocks, so start learning about our stock's vol behaviour and how it reacts to volume spikes. These spikes can be seen on any chart. The key to our stock's movement is volume.

9. Avoid utilizing the margin. Never use margin unless you've mastered the market. You can be wiped out by margins.

9 most important trading rules of dan Zanger who turned 10,000 dollars in 18 million dollars in just 2 years

Dan Zanger's 9 Golden Rules of Trading  1.  Make sure the stock has a well-formed base or pattern, such as a flat base, a bull flag, a symmetrical tri

Dan Zanger Trading System | Dan Zanger's 9 Golden Rules of Trading

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