World Record Trader: How I Turned $10,775 to $42,000,000

[@MikeSerTrader]

Hey traders. Hope you enjoyed this video! Dan Zanger is an amazing trader and I've learned lots from him when I was first starting out. Please comment below on any challenges you faced as a trader especially when starting out.

[@CompositeOperator]

Understanding what correlates

[@imadesuparta6705]

Too small capital to start

[@ImNoTourist]

I have been trading a month and Im at that nasty point where Im struggling to hold onto my profits :) A lot of the videos I watch of good traders, they all say it took them about 2 years to become consistently profitable. I just need more experience... time looking at charts. Im still brand new and its hard Im not gonna lie. I dont know how the market knows what Im thinking! I can watch a stock go up and down and it all makes sense so take up a position and instantly it starts to go the other way! My other issue is my account is tiny its $500 so I can only trade micro futures. I feel like such a failure lol.

[@MikeSerTrader]

1 month is too short of a timeframe to judge how you're doing. It took me 3 yrs of trial and error before I could get any form of consistency. Keep learning and treat trading like a journey.

[@skpeter8770]

The major problem I have is i am too greedy .I end up making losses

[@smarty-br8og]

And this year I turned 10000 euro into 1000 euro in less than 5 months... :(

[@arjunsyangbo3345]

Me 2 weeks😀

[@circle559]

@@arjunsyangbo3345 ha I did that is 5 trading days..

[@arjunsyangbo3345]

@@circle559 you are quicker

[@UnrepresentedAmerican]

What did you do wrong?

[@smarty-br8og]

@@UnrepresentedAmerican Bad choices and bad luck...

[@IanBuell]

He was trading in 1999... Hard to lose in a market like that!

[@bryanmachado9923]

and we just had 2020 market. even harder to lose last year

[@flockofseagulls1421]

It’s technically even harder to loose in 2020-2021 market then lol

[@JasonDouglasCF]

Everybody’s right! My 12yr old son made money in the market last year. Anyone who traded in the 90’s absolutely CRUSHED it! 👏🏾🤣🤣

[@themanojkoli]

can you name other ppl who made such profit..I guess he wasn't alone in 1999

[@pse888]

nonsense of an response, with all due respect and you must know that.

[@anythinggoodproducts]

He broke every risk management rule in the book to make that much money in so little of time

[@travistran9935]

as long as you know what you re doing. Risk management is loosing slowly, all in or nothing ...bought 10 million of Doge under 1 cent and still hold

[@yaninehernandez6192]

He followed Jesse Livermore's risk management style

[@icyboy771z]

@@yaninehernandez6192 Jesse Livermore is leverage freak. Either he makes a killing in a bullrun or he goes totally bust. His a skilled reader of the tape but his money management and risk taking sucks.

[@작수-e5o]

Then what is the best risk management method??

[@MikeSerTrader]

Best risk mgmt style is to focus on minimizing risk on every trade that you make

[@ccr6942]

Let me guess, you made $42 mil now you are fishing to sell your trading strategy for peanuts, right? lol

[@willyshicks5702]

Everyone who trade patterns the are losing 90% of the time, market markers are aware of textbook trading strategies

[@hsider]

I like these kind of stories, quality content here 👍 subscribed.

[@MikeSerTrader]

Glad you enjoyed the videos!

[@tyronemidzi2457]

In trading money makes money. Having 0 is hard but once you have a bit of capital you can afford to take losses!

[@MikeSerTrader]

Well said Tyrone! Start with whatever money that you can afford to lose and once you build some profits then you can take much higher risk. This is exactly how all the most successful traders start off with. Use the profits to make BIGGER profits!

[@andersonnotthespidersilva8263]

bull and bear markets happen every year, but people want to be millionaires on their first trade and retire

[@icyboy771z]

If I'm not wrong he turned 10kish to 42 million in 2 years.

[@ethanlee-c3d]

IcyboyG not been on these videos for a few years. But let’s get real. Most people aren’t even going to make a profit in trading let alone be one of these traders. It’s a nice story but gives people false hope. Oooh look what this trader does, them everyone sees oh I could do that yes yeah

[@ethanlee-c3d]

The truth is you can’t make money in this without risk and risking money is what most people can’t handle. If trading or investing was easy there would only be a few strategies. Not hundreds of techniques.

[@susankariuki449]

@@ethanlee-c3d but there are only few strategies. Wtf a you talking about?

[@ethanlee-c3d]

@@susankariuki449 Every day trader trades differently. Some have 3 screens, some have 5 screens or more. Every long term investor picks their stocks differently. Then there is swing trading, the many techniques. And there is trend trading with another bunch of techniques and shorting the markets. It's like a whole load of different ways to trade the markets. How is it only a few strategies?

[@omarfarique6304]

Why don't you use candle chart to explain. It's much easier to see

[@japantrader4529]

We are all Kings in a Bull Market

[@RaviKhatri]

Hello fron india🇮🇳 thats the most profitable strategy in the world. Price action with patterns. I love it, learning and earning

[@MikeSerTrader]

Yes chart patterns are very important. Base b/o is my favorite pattern along with flags

[@mikusan5661]

@@MikeSerTrader what is base b/o ?

[@MikeSerTrader]

@@mikusan5661 Base Breakout is where a stock's price has been declining and then forms a base. Once a base is formed (ie. price goes sideways) then it breaks out of its range. This is when you buy on the break out of the price range.

[@mikusan5661]

@@MikeSerTrader thank you I'm new to the trading world I'm trying to get started just subscribed to the channel great content

[@aaron9684]

Great video, especially the lessons learned 8:10

[@londonsession851]

Okay I got his method. He trades the actual trend and then when market makes higher high or higher lows then trade again. Very easy method. I will use his method from now on🎉😊

[@princessdein1429]

😂

[@filipinoforextrader5573]

So, did you apply already his trading style? And so show us the results then if you really apply his style of trading or this video is just for views like many others out there. By the way, these bearish and bullish patterns that includes reversals as well are in the book I bought from a Thai local bookstore.

[@christbool]

I love your videos man! True teaching to new traders.

[@lfxtradersintraday]

Takashi kotegawa is world record 15k to 110 million Usd. Anyway this guys trader is good too.. 42M..genius trader

[@j0gs796]

Dude it's not just good, he is great! For just 1 year of generating money from $10k to $42 mil

[@jasonhws]

How did you know when to sell?

[@rockababy]

keeps me motivated

[@dariuszkopec2567]

Everybody wants to be a millionaire and has a plan and strategy until they get punched in the face by market.

[@Ropeadopeya]

It aint a loss if you don't sell!

[@SamFBM]

@@Ropeadopeya take losses and learn from them

[@gokusayayin8051]

jojojojjo I just lost 54% today...

[@dariuszkopec2567]

@@gokusayayin8051 U r lucky I lost 100%.At least hundred times...

[@coldaswagz4559]

You could’ve gotten 200k% if you invested in bitcoin in 2017 or earlier

[@bobbym491]

Shitcoin

[@susankariuki449]

Chure

[@ee7369]

Thanks for the video. A quick question. Rule number 5 says to sell stocks that are not moving up or acting sluggish. What about the consolidation period, during the bull flag you were showing in all the stocks he profited from, and that is taking longer than days? Wouldn't that mean you sell thinking it's being sluggish but then realize that it ran upwards after you sell?

[@MikeSerTrader]

Good question. In a bull flag, prices shoot up with strength, consolidate for a bit and then break out of the consolidation area to the upside. If the price stays in the consolidation area for a longer period of time (lets say 2-3 mths) then the pattern will likely not work. The basis of a bull flag is strong move up then rest then strong move up.

[@donaldmadong8982]

U simply rebuy

[@Opochtli]

Great video, subscribed bro!

[@kamalyusof8078]

Tq... keeps in touch...

[@farhanasykal7314]

This is better than some bullshit trading guru's ads..

[@JeanCharles888]

Interesting Videos, Congrats !!

[@topsteprulesorderflowchart384]

Richard Dennis holds that record ($1,500 to $100,000,000+ ) ,,,,Do your research ! But still this is incredible !

[@MikeSerTrader]

Dan holds the record for stock market performance. Richard Dennis trades futures.

[@topsteprulesorderflowchart384]

@@MikeSerTrader Stocks , Futures , its all the same , A Chart is a Chart ..........

[@sandypriceactiontrading5870]

Good for learning

[@vitwatng3510]

World record trader: trading from 10,000 to 42,000,000. BNF & CIS: Since when Japan is not part of this world?

[@MikeSerTrader]

To clarify, he holds the world record for 1 year stock market portfolio appreciation.

[@franceuxleseuf5928]

sounds like everybody a winner on this thread

[@STARMAN-it8zb]

Everyone is a genius and wins every trade on internet forum. Less so IRL

[@bullmediatv827]

Thanks Mike, valuable info...Never buy 5% above the trend line

[@vinnyvidivici5930]

Interesting!

[@behindthebusinessbtb3221]

I tooo have record of blowing my account within 17 min.....

[@bassdaprofit]

So he traded the wyckoff schematics

[@xavierpigache8714]

well... which is momentum indication he used ; thus exiting instead of continuing to add according to the same up patters shown in the examples ? Tks

[@MikeSerTrader]

He's mainly a chart pattern guy so when the pattern doesn't act according to plan then he exits

[@xavierpigache8714]

@@MikeSerTrader Yes, I saw D. Z. used patterns (triangles wedges...) B.O. ; being Out at B.O. +20 Mn if the Price didn't take off. Interesting... Thank you for bringing D.Z. to our attention. I'll watch your other videos.

[@eldodiaz1863]

Has his method help you make millions?

[@paulnyagini]

honestly Eldo Diaz you cannot copy someone pattern the trading strategy need to correlate with your personality. but one of pro traders told me the best trading strategy must have logic element and is not matter how much money you are making the key is consistent.

[@rileygshep7606]

Could you go into Larry Williams trading?

[@MikeSerTrader]

I'll talk about this in tomorrow's live stream on June 18.

[@beverlyhills7883]

Good video. More of the same please. Folks who started modestly & did nicely.

[@ryankane9208]

and then Magic Mike lost everything in the recession that followed?

[@x2gaming149]

Ill beat this.. :P thanks to the big boys who keep shorting

[@Nathan-cc4gy]

As a trader i don't think if he's really selling at/near the top.

[@gardeningrelaxation]

Well that is what I know to do, but my problem is that I don't know when the price will break out to the upside even if I sit in front of the computer all day. Not helpful for me. I can tell you that is what you are going to trade. Question is how to find the stock and how do you know when the price goes up?

[@MikeSerTrader]

You don't need to sit in front of the computer all day. Learn to read the charts. Watch all my trading tools videos. That's a good starting point.

[@simjam1980]

That's the problem most traders have. It's easy to say buy low, when the price starts to move up, but a lot of times it's just resistance, and then keeps dropping further.

[@julikb]

00:21 do you believe in yourself?

[@mervynmontague1811]

Very interesting and informative 🇯🇲 Thanks

[@mattcowling]

I am super new to trading and beginning my educational journey and I appreciate what you are doing. Subscribed and plan on watching more of your vids and checking out your link for your ebook...thanks!

[@muni1muni148]

In 1 year? Why you sai he traded Amazon in 1999 and Google in 2004?

[@MikeSerTrader]

Amzn & Goog are examples of stocks he traded to make big profits but not necessarily for his world record trades

[@elroyblackbean]

Great video -- thank you. When you say "find the strongest stocks", what identifiers do you suggest to identify them? P/E ratio? Something else?

[@MikeSerTrader]

He follows the CANSLIM model. Google it.

[@elroyblackbean]

@@MikeSerTrader Thank you... Just found a lecture on it on YT. Much appreciated.

[@mjl6425]

My question is how did he know when it was going to peek like that and to sell it at that exact point?

[@MikeSerTrader]

Looking at chart patterns and exhaustion levels

[@mjl6425]

@@MikeSerTrader Got it I’ll look into that. Can you recommend a good website? Vanguard, Fidelity, stash?

[@MikeSerTrader]

Those are mutual fund websites. Specifically what info are u looking for?

[@mjl6425]

@@MikeSerTrader Im really not sure I’m new to investing and right now just getting as much information as I can. I’ve put in some money and got a small return and lost some, but the charts look nothing like the ones I see with the candlesticks. They’re just basic straight lines with peaks and valleys. Where do I find that? The ones with the candle sticks?

[@MikeSerTrader]

You can use charts like trading view and select candlesticks

[@sreetar]

Can he do the same thing now with that kind of profit?

[@MrAcSP]

He is still trading, same approach…but it’s harder now and he takes less risk now.

[@komukcorporation9993]

One time only?

[@ラッセル9728]

very great videos.

[@aeoh2000]

Did not apply risk management coz know the trend by using cheat chart pattern the policy profitable trader

[@scottwilson6467]

He did it 20 years ago during the tech bubble where forest gump coulda turned $1 into $100 billion fs - This really is no big deal guys lol 🤣🤣🤣

[@icyboy771z]

Yeah he just did it at the tail end of the dot com bubble picking the strongest stocks with some leverage and abit of luck. You can't replicate this again lol.

[@el8703]

No insight what so ever this man rode a success story. Seen something he thought to be huge. Simply invested is all I got from this

[@niteshtelang4743]

Great Video 🔥

[@easy2do308]

Its very simple... Just short stocks and you win allways... Best sample is Buffet 😉

[@hemanthgopinathan3675]

How can you short and win always? I don't get lt, can you plz explain? If you short and goes up you loose money

[@fakhrulazwar440]

its long not short bruh.

[@ambukfx7348]

scalp scalp scalp

[@Atul_Bhardwaj]

The paper cutting that you showed said he did it in around 2 years which is still impressive but don't clickbait or make things up.

[@DJKloop]

Read the paper cutting. The video narrator read exactly what was in the paper cutting. "Dan holds the world record for one-year portfolio appreciation gaining over 29,000%. In about two years he turned $11,000 into $42 million!" What is click baitey or incorrect about what has been portrayed? Even the video title says pretty much exactly what happened

[@whome1636]

Not quiet 2 years, so technically 1 year portfolio.

[@icyboy771z]

@@whome1636 he turned $10kish to close to 3 million in a year than 42 million in another year. But then after that what happens who knows haha...

[@highsector]

hes a time traveller thats why

[@BorkieTrader]

Trading is my dream job : )

[@Nathan-cc4gy]

8:25 If your reading books you should know this.

[@poohshmoo9892]

stock moves up or down for a reason, when you know the reason ahead of others then you make most money ... i say this trader had pretty good connections and knew the reasons for the moves. keep in mind the word reasons doesnt imply insider trading, there are tons of reasons which are NOT non-public information from which one can profit handsomely

[@timcastle938]

Nonsense, the retail trader wont "know" the reason behind price movement until AFTER the move. The never ending search for why something happens makes you late for the party.

[@Youngdanny45]

How I turned $32,000 into $0.34.

[@lelocanuto5977]

Zamazing job

[@kai-dj2qj]

googled him and keep seeing different $ amounts, % gains, and time frames. Seems sketchy.

[@MikeSerTrader]

You are right as it depends on the time period. What I have reported is the peak that he reached which was around $42M.

[@Han-es8qu]

No way

[@giuliocaesar3912]

Any real trader would know that this type of "strategy" won t work today. Don t even try to buy at the break out, unless you have a serious story going on

[@benjones6004]

these strategies are based on fear & greed, these cycles are repeated everyday, every year in the market, they still work just as well today as they did in the past

[@giuliocaesar3912]

@@benjones6004 ok, play it, but numbers don t lie, and if you trade short term, these strategies on avg don t work, or are statistically losers

[@markhathaway9456]

I'm new to this, so I had to watch a bit of the video to see what is meant by "break out" or "buy at the break out". But, what is "a serious story" and how does that relate to all this?

[@wolfie8748]

lol , buying breakouts pretty much work trust me.

[@markhathaway9456]

@@wolfie8748 Is all the computerized trading changing the markets, so that the patterns related to human nature are being diluted, exacerbated, or wiped out?

[@vicchris3943]

咯0 Look at history, everything is so easy, problems are we don't have time machine

[@HuyHoang-tp6oe]

Hey Mike, with all of this ideas from video. Are you able to make millions in trading?

[@MikeSerTrader]

I'll be sharing more of my personal trading in future videos. Stay tuned!

[@brucegrit8928]

His style of trading might not fit your personality,hence if you are not comfortable with the method it won't work.

[@brucegrit8928]

@Financial Freedom Workshop! How has he been doing since?

[@Thereisnorules]

most of the lessons you mentioned at the end basically has nothing to do with that guy's story. but thanks lol

[@saidfaiz998]

Show me how to make millions? Why dont u make them urself first!

[@lalotz]

He made this during the doom... everyone got rich.... hw got lucky. Never will he be able to it today

[@MikeSerTrader]

It will definitely be tougher for him to replicate this success in stocks but crypto is possible. Crypto is the new dot com boom!

[@KingJT80]

so? he made a lot of money who cares about replicating it? just make your money. i always see people saying this type of thing like its some sort of challenge for him to loose everything hes gained in a different market period That's what a failing trader does he probably wont make 29000% return because now he has millions to play with. no reason to and no everyone did not get rich ask my friend who lost 100k

[@elsingon7464]

Right... and is crazy how most trader be prayin for a next market crash 😂😂.. cause that bullish run after will be crazy

[@icyboy771z]

Can be replicated but in crypto

[@KingJT80]

@@icyboy771z that's a possibility

[@jarren9878]

Sir give me 500$ i have big lose now

[@blockx6098]

this video and his courses are for beginner, those easily fooled by the dream to be millionaire trader LOL

[@prtheid]

Good luck just buying bull flags nowadays haha.

[@MikeSerTrader]

We can always look for bear flags :)

[@prtheid]

@@MikeSerTrader The stock market isn't going to crash because we broke an arbitrary trend line lmao.

[@wolfie8748]

why not because of the bear market we are in ?

[@Emngaytho-d2u]

🥳🥳🥳

[@macurryidris8103]

90% of millionaires right now are investors in the crypto market

[@jessicawilliams973]

Most people venture into Crypto currency to be a millionaire meanwhile i just want to be debt free and live comfortably

[@davidcrystal6329]

Crypto currency has been a lucrative way of making money it's really making waves

[@anthonyken9220]

When you invest, you're buying a day you don't have to work

[@kennethbecon5196]

@UCFLGcGm5nGt2ehG_XrkJmUw you're right, it's obvious a lot of people remain poor due to ignorance It's better to take risks and make sacrifices than to remain poor