Interview: Chart Patterns, Trading, and Dan Zanger by Matt Blackman
Trader Dan Zanger of Chartpattern.com first hit the media spotlight
in December 2000 when he was featured in a Fortune article. The
article, entitled “My Stocks Are Up 10,000%!” discussed how he had
turned $11,000 into $18 million in 18 months (with a return of
164,000%), an unofficial world record for trading stocks (with the tax
receipts to prove it). Not mentioned in the article was that in 23
months, the total grew to $42 million.
Also not mentioned except in passing was much detail about
Zanger’s trading techniques, indicators, and philosophies or an
outline of his typical trading day. He uses chart patterns to find highvolatility
(“frisky”) stocks. The article piqued the interest of many
readers about the art of technical analysis and provided insight into
what is possible for those with the skill and dedication. How is he
doing more than two years later? How does he trade and what
motivates him? STOCKS & COMMODITIES contributor Matt Blackman
caught up with Dan Zanger by telephone on April 23, 2003, at his
home in Florida.
What indicators do you use?
Do you use momentum or
other indicators with your
I use absolutely no indicators whatsoever.
I simply rely on chart patterns,
price, and volume. Who has time to
look at so many indicators when you’re
scrolling through 400 stocks a night? I
look at daily bars intensely and dissect
them and then add in the volume bars to
come up with sort of a pressure factor
that tells me what the stock wants to do
next and when it wants to do it. Is it
ready now or does it need more time?
That’s the job at hand every day.
You use price volume and chart patterns
and that’s it?
That’s 100% of what I use.