Zanger puts his money where his mouth is. He holds the unofficial record in trading stocks by turning $11,000 into more than $18 million in 18 months in 1999-2000. He grew that to an incredible $42 million in less than two years and has the tax receipts to prove it. sounds pretty good to me, noboby has beaten it yet, the guy was contractor and turned 11,000 into 42,000,000 in 2 years I'd call him an elite trader anyboby here even close?
I thought I read in an article he ended up losing like over 60-70% of that money and decided it was easier to start a stock trading web page and make consistent money from subscriptions.
Nobody here has mentioned the #1 most important trader to study ... (Actually I dont' 'study' any others. Just read about their experience and thought process for fun and the occasional edification.)
who ever mentioned that he decided to stop trading is completely wrong. He still trades and last I heard he made over 100% return in 2004, and hit an all time equity high in early 2005. Seems like he still trading and making good money. If someone is new and just getting into trading, he is someone you can learn a lot from.
Suprised no one mentioned Old Jesse Livermore. He blew up in the worse way but his talent cannot be denied.
Anyone have any thoughts on Eddie Lampert, the HF manager who was kidnapped, the so-called New Buffett?
Sure. I had a thread about him a few weeks ago: http://elitetrader.com/vb/showthread.php?s=&threadid=64441&highlight=lampert
Make that CLAIMS he was kidnapped! And did Buffet every have over half his portfolio in one POS stock?