he should probably kick things up a bit...maybe start writing options?, or S&P 500 futures? --- - nathan
calmlynx, I subscribe to Zanger's letter and agree that it has really slowed down a bit over the past year or so. Can you suggest some other services with similar styles?
I think you are confusing an edge with a "money grows on trees" mechanical trading strategy. Regarding the edge, yes, I have achieved some nice results. I am currently starting to exploit this 'inefficiency' institutionally. I've built a derivative of Zanger's strategy including market neutrality, hedging and pattern screening. P.S.: Zanger kicks ASS.
Ah yes, the legendary Bulkowski. I tried that program out a few months ago very briefly. It did look very promising but the only thing was that it seemed to recognize way too many patterns and also, you had to download 1 symbol at a time. Other than that, can be very promising. I recommend that you read Bulkowski's books - great stuff.
When talking to clients or other traders about Bulkowski's book, I refer to it as the "millionaire maker". Mix it with a good understanding of game theory and risk management, and you got the mother of all edges...
Also another question people pose is whether zanger could have made a career if he had started post bubble. I think so just not from 11k to 40 mil....
I know this thread is old buuuut, if anyone can answer. Why did Zanger not open a fund and manage money? Or did he? Curious to this.