Will anyone ever beat Zangar's World Record of turning $10k into 42million in 18 mos?

Discussion in 'Trading' started by discrat, Sep 30, 2006.

  1. True true, forgot about you, too. That was great how you outed NYSEkiller :p
     
    #61     Oct 3, 2006
  2. #62     Oct 3, 2006
  3. djxput

    djxput

    haha thats funny spinn ...

    funny but true
     
    #63     Oct 3, 2006
  4. No thanks. I already graduated Harvard medical school.
     
    #64     Oct 3, 2006
  5. #65     Oct 3, 2006
  6. While attending Texas State? Amazing.
     
    #66     Oct 3, 2006
  7. Cutten

    Cutten

    I think this record, in terms of return on initial capital in such a short time, will stand for a very long time indeed. Almost everyone with high grosses had access to lots of capital and leverage. Borrowing 10 mill and making 100 is very impressive, but ultimately it is a 10-fold return. Zanger's return was FOUR THOUSAND times his original stake, using normal stock margin. That is f*cking incredible. It's basically the trading equivalent of Bob Beamon's monster long-jump in 1968.

    The other cool thing is that although he got hosed during the crash, he still kept a big chunk of his winnings. So in the greatest bubble of all-time he made 4000 times his initial stake; and in a mega bear market he lost 3/4 of it (or something around that). Heads you win 4000x, tails you lose 75%. That's pretty good odds.
     
    #67     Oct 3, 2006
  8. She's marrying Kenny Wayne Shepard. He's good.
     
    #68     Oct 3, 2006
  9. Take the FDR to Water/Pearl early morning, b/4 the rats.

    Now THAT is a sweet city drive.
     
    #69     Oct 3, 2006
  10. It can be beaten in less than a year via FOREX.

    Spreadsheet attached.
     
    #70     Oct 3, 2006