I do use AIQ software,and I can promise you dans success has nothing to do with AIQ...Dont misunderstand what i am saying..AIQ is a great program,but its charting capabilities is average at best,and their strength is creating stock,group,sector relationships and being able to backtest them.. Dan Zanger is a trader/chartist who relies on fundamentals and chart patterns.What he does is not complicated.But the guy has a huge set of balls,and is a very talented discretionairy trader. Its not the software..its him
true about zanger. why anyone even gets his service is beyond me. just look in the paper at the hottest stocks and thats were zanger plays. why do you need zanger to tell you to buy a goodg when its skying or a hans? basically zanger build his wealth during a time (1998 and 1999) when taking huge gambles and having no fear was rewarded huge. thats how he parlayed 11k to 42 million before dropping back to 10 mil or so and now he's back over 40 mil. zangers returns in 2005 of 160% or so is great but on a 10 or 15 k account its not going to get you rich. if zanger started with 11k in 2000 or even 2004 he's never have parlayed that kind of wealth. don 't get me wrong how he takes huge positions on high momentuem stocks is amazing and few can do that. i take my hat off to him but even he says he's enver been able tot rain someone to trade like him so it won't work for most traders
I subscribe to his service and not because of the stocks, you're right, most people know what stocks are the leader stocks but rather his timing. he has great timing. his newsletter has been somewhat shitty this year for sure...but hell for $60 not much to lose. i went to his seminar and got bidu on pre-earnings. that paid for a couple decades of the service
I never herd him mention options. But I guess its a given that he does use them in order to hedge those large positions.
Just wanted to add one more thing regarding Zanger and AIQ.Zanger is a unique beast,and he could probably look at a chart on paper and trade off it.With that said,if you are a Edwards and Magee,Dow theory type of trader,AIQ is probably the best in the business and that is why he uses it... AIQ is not the best most powerful system tester,it doesnt currently provide optimisation,charting is a bit long in the tooth,but it has some very unique features which no other programs have and they are very useful tools.
Hogwash. We all know what those posotions, stock market is no secret. You don't own a holy grail or do you? Its one of those people who should have not joined here. This place is about sharing with others.
Zanger isn't pure chartist. He finds those chart setups after a fundamentals screen, with high YOY earnings.
If you like Zangers style of trading,take a look at HGSI(high growth stock investor) or Quotes Plus Stock Picker Pro program,which is a watered down version of HGSI... That is how Zanger screens for stocks.He then applies charting analysis,basically pattern analysis
Its funny when you see people answer or respond to old posts. I once saw someone answer a question about prop trading (2006) to a question posed in 2002. The person who asked the question hadnt posted since 2003