I did a deep dive into @DanZanger.
Not the kind with lots of zeroes and the implication that Dan has a “magic formula” you can copy.
But the kind that looks beyond the surface layer. That doesn’t accept answers at face value. That wants to figure out what causes apparent contradictions. That doesn’t just want to know *what* Dan does, but *why*.
The kind that gets to the ESSENCE of the strategy:
What makes it work? What are the foundational ideas that underpin it?
As I put the pieces together, it became increasingly clear to me that you can trace the most striking elements of Dan’s style to his hard-earned lessons and personality.
Because his strategy — just like anyone else’s — isn’t perfect.
…which makes the interesting question: how did he make it so potent anyway?
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This article is NOT for you if you’re looking for quick answers and shortcuts.
But if you’re looking for depth, I may have just made your day:
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The Nuances Behind Dan Zanger
How the story shapes the strategy
🔗 https://t.co/KHW9q2laSB
"The key to making big money in stocks is to align supporting fundamentals with constructive price action during a healthy overall market environment."
@stamatoudism Make all this available for Institutional levels? Try not to make the rich richer ;) Congrats Marios for your commitment and achievements (and engagement!)
"It's people - emotional, imperfect, even illogical - who make buy and sell decision. Ego, fear, greed, hope, ignorance, incompetence, overreaction and other human errors in reasoning create all sorts of discrepancies and in turn opportunity."
Registro de alcistas de Investors ha superado esta semana el nivel 48 % viniendo de un mínimo reciente inferior a 33,50.
Una lectura como la actual se había dado solamente en 11 periodos previos desde 1990 hasta hoy
Con la excepción de En.09, no hubo ajustes de precio posteriores
I'm constantly fascinated by the flaws of the human mind. The vast majority of people can be easily manipulated into doing the stupidest things if it is repeated enough times. Or if everyone else is doing it. I literally think most people would jump off a bridge if everyone else was jumping.
People quickly complied with the mask requirement to enter a restaurant but thought it was OK to take it off once they sat down. They canceled Dr. Zeus and Aunt Jemima, tore down statues of our founding fathers, and followed one way signs in the aisles of grocery stores. Lunacy.
But the same applies to investing. Insanity isn't just reserved for pandemics, traders can fall victim to crazy fads, like paying more for a tulip bulb than the cost of an average house.
They also succumb to recency bias which causes them to buy at tops and sell at bottoms. The exact opposite of what you should do to make money.
The recency bias after the 8 week decline into an intermediate cycle low has convinced most people that price for metals can now only go lower. All rallies are seen as bull traps that will just roll over and continue lower. It's always "one more leg down" with these people.
But in a bull market you have to give rallies the benefit of the doubt because the bull eventually makes new highs. As I've said before: Any long position will be a winning trade in a bull market.
At the recent lows the bullish percent dropped to 3. In a bull market this is a buy signal. It means the correction has done its job and washed out the previous bullish sentiment and the next leg up can begin. This is one of those tools that has a nearly flawless record of marking a bottom (especially when oversold to this degree). Yet many (if not most) traders will still ignore it and continue to look for lower prices, unable to turn off their recency bias.
@compoundlessons Congrats Kusha!! I am >3 times older than you, but...what a mindset you havve!🤩 If you start a Substack have me in (I do not even know where to find these small crypto names ...) All the best!!