"managing risk" generally refers in the financial industry to managing trading positions. Trading in short. Making it as in being long term profitable and showcasing a risk profile that, risk adjusted, reflects a prudent level of assumed risk rather than blowing up accounts and only showcasing the periods of success.
A long term successful trader does not rely on "luck" (though a healthy dose never hurts) and showcases a positive risk adjusted track record in up, down and sideways markets. Most else is lucky timing. Jas that guys' account been audited and verified by a trusted and established third party?
Yes, his results were audited... apparently. Zanger started his record run by picking one Stock at a time with a 2 to 1 margin. He would gradually increase that to 12 stocks at his peak of $42 million. But he didn't increase the number of Stocks quickly He started as a Canslim proponent but ended purely technical.
If you listen to how Mark Minervini won the 2021 USIC, it sounds similar to how Zanger produced his record $42 million. Although I suggest that Minervini held more Stocks, but the quick turnaround on Margin sounds similar.
Finally, someone seems to get it by doing the math. Yes, these gains in that time period do not fit the picture in any way, so someone is lying. Kullamaggie doing strategies on daily charts, strick money management and now claiming he went from 5M to 80M in like 2 years or what not? You literally need to be all in in every trade AND WIN every trade to make that happen. Yet he claims that the win rate is like 30%+ or smth. And given the statistics of markets moving relative to ranging and given that the strategies are mostly triggered on daily timeframe....come on dude. Bunch of fcking BS.
what money management. There is no money management when you're doing 10x in a year, dude. It's all in, all the time. Doubling or tripling down. How do you KNOW you WILL BE on a winning streak when you just doubled your size? Cutting losses early? Sure, but the likelyhood of stop loss triggering increases drastically as well. You can't escape stats. Markets are not moving that much all the time otherwise everybody would be a millionare. How difficult is it to trade when the market just shoots in one direction AND provides liqudity at the same time?
They're all similar; Ryan, Minervini, Zanger, Quallamaggie, Kell etc. It's just how much FA they use. Zanger and Quallamaggie are probably the most TA, with Ryan preferring more FA and longer holding periods.
What's suspicious is that he hasn't repeated it. It's 20 years later, surely he'd be a better Trader now?
This is not how classic pyramiding works. The idea is to always advance your stop-loss(es) when an additional trade is opened. For example - Open Trade 1: Buy at 10,000 Stop-loss at 9,900 Risk = -100 Price rises to 10,100 Open Trade 2 at 10,100 Stop-loss at 10,000 Move stop-loss of Trade 1 to 10,000 Aggregate risk = -100 Price rises to 10,200 Open Trade 3 at 10,200 Stop-loss at 10,100 Move stop-losses of Trade 1 and Trade 2 to 10,100 Aggregate risk = +/-0 Price rises to 10,300 Open Trade 4 at 10,300 Stop-loss at 10,200 Move stop-losses of Trade 1, Trade 2 and Trade 3 to to 10,200 Aggregate risk = +200 And so on and so on.