Fundamental analysts cringe at the thought of technicals. Ascending triangles. Rising Wedges. Fancy terms to a layman, but they can’t tell you where a stock is headed? Right? Well, Dan Zanger believes they can. He provides a stock picks service and a trading chat room.
As a man who claims to hold the world record for a 12-month portfolio gain, Dan Zanger wants you to put down the earnings report, ignore the economic chatter and put your faith in the charts. This review will debate whether Dan Zanger is the right technician for the job or if his stock investment newsletter isn’t for you.
See Also: Best Stock Charting Software
What is Chartpattern.com?
Chartpattern.com is an investment advisory service that offers stock picks and recommendations. Founded in 1998 by technical analyst Dan Zanger, the site offers an evening newsletter three nights a week outlining the best long and short positions and trade ideas within the equity market. Dan Zanger – who used margin to buy high-beta internet stocks during the Dotcom bubble, claims to hold the world record for the largest 12-month portfolio gain of 29,233%. Effron Enterprises Inc. has audited the return.
Dan Zanger has been featured in Fortune Magazine, Extra TV and used to host his half-hour television show on the Business Channel in Los Angeles, California. His Chartpattern strategy uses Cup and Handle patterns, Falling Wedges, Ascending Triangles, Bull/Bear Flags, and many others to predict technical breakouts for stocks showing repeating trends.
Furthermore, he screens for stocks with revenue and earnings growth rates over 40% that have a short supply of shares outstanding; this low float strategy allows him to target equities prime for explosive breakouts. Throughout his experience trading, Dan Zanger claims to have spent over 30,000 hours perfecting his craft and has an estimated net worth of 42 million.
Products | Services | Costs
Chartpattern.com’s main service is The Zanger Report newsletter. It’s emailed directly to subscribers on Sunday, Monday and Wednesday of every week and outlines trade recommendations for some of the most “explosive stocks” on Zanger’s radar. Let’s dive in:
The Zanger Report:
The Zanger Report newsletter can be purchased for $125 per month, and you can pay by credit card or cheque. The subscription includes free access to the Chartpattern chat room, where Dan Zanger and 450 other traders share tips for day trading for beginners and strategies on the day’s most important topics.
The chat room supplies commentary and real-time recommendations from:
- Dan Zanger himself
- Hedge fund managers
- Institutional investors
- Prop traders
The meat and potatoes of the offering, though, are Dan Zanger’s trade recommendations – emailed directly to you – and free access to his charting and technical commentary archive. So what’s included with Dan Zanger Trading recommendations?
- Recommendations for explosive stocks
- Recommendations for stocks under-owned by institutions
- Stocks showing technical indications of breakouts
- Detailed explanation of why you want recommended stocks in your portfolio
- Breakdowns of the overall health of the market and index trading plays
The best part about the newsletter is it includes a two-week free trial. All-in-all, that’s six free publications, which gives you plenty of time to assess his strategy, review his recommendations and see how the stocks play in the market. More importantly, before you pay the $125, you see if he’s worth the money.
Dan Zanger also provides a sample newsletter on his website. In a detailed breakdown of Apple (AAPL), he walks the reader through technical buy areas, head and shoulder patterns and short-term oscillators to try and predict overbought and oversold price levels.
So what’s the deal? Should you really sign up?
Well, from our perspective, what do you have to lose? Dan Zanger has what you’re looking for if you’re interested in technical trading and want a glimpse of an advanced strategy. More than that, his track speaks for itself, and the Chartpattern free trial gives you ample time to put him to the test. One area of concern, though, is risk tolerance. Many of Dan Zanger’s results are a function of high-leverage, high-beta investing.
This is a very risky strategy, and one bad trade can have your brokerage dangling a margin call. But we’ll give Dan Zanger the benefit of the doubt here. In his 10 Golden Rules, he explicitly states novices should avoid margin “until you have mastered the market.” He also publishes disclaimers at the bottom of the page and points out that since the market moves in waves, entry/exit points must be followed in a timely manner.
The main point is that trading is fluid, and flexibility is a must when the mood music changes. Based on transparency and disclosure, we think he’s worth a try. Dan Zanger makes a lot of claims, but by providing a free sample, and free trial and qualifying his statements with disclaimers and warnings, it shows he’s not trying to make any false promises.
Momentum Masters: A Roundtable Interview with Super Traders:
Written by Mark Minervini in 2015, this book, featuring Dan Zanger, is a Q&A session designed to pick the brains of some of America’s top momentum traders.
You can purchase the Kindle version on Amazon for $27 or a hardcover copy for $29.00. Topics covered include:
- Chart reading
- Entry criteria
- Position sizing
- Daily routines
- Trade management
- General market
- Investor psychology.
The book has 617 positive reviews and sports a 4.7 rating out of 5. If you’re fascinated with trading and enjoy investor success stories, check out the reviews and see if it’s right.
Free Trial | Promo Code
As mentioned above, Chartpattern.com offers a two-week free trial of The Zanger Report. Free trials are essential to any trading service. It speaks to the authenticity of the content and should be non-negotiable when deciding on a service provider. In this case, the Chart pattern passes the test.
- Founded: 1998
- Educators: Dan Zanger
- Number of members: 500+
- Company Address check: 22287 Mulholland Hwy, Box #602 Calabasas, CA 91302.
- Free trial: Yes. Two free weeks of The Zanger Report newsletter (six publications)
- Free resources: Education Section: understanding chart patterns, useful stock resources, recommended readings and charting programs.
- Money back guarantee: No.
- Price level: $125 per month
- Verified income statements: Yes. But only a 12-month period ending May 31, 1999.
Who is Dan Zanger’s Chartpattern.com Best for?
Chart pattern.com is for anyone who wants to take their trading knowledge to the next level or someone looking to ride in the driver’s seat while Dan Zanger takes the wheel. His strategies have proven successful, and with a free trial, you can conduct your performance review to see if he lives up to the hype.
It’s important to note that trading is an art, not a science. You can’t just follow Dan Zanger’s recommendations mindlessly. You have to do your homework, get a feel for the market and decide if it’s the right time to pull the trigger.
Understand Dan Zanger will guide you, but he explicitly outlines that flexibility and improvisation are required to be successful in this game.
Chartpattern.com Review Summary
1000% returns, 200% growth rates. Explosive stocks are just waiting to melt up. Dan Zanger knows what to say to get traders foaming at the mouth. But should we trust him? Well, considering there’s a track record to prove it, he’s hard to dismiss. Chartpattern.com’s service, The Zanger Report, is a detailed newsletter of what’s hot in the market, what stocks you need to buy and why.
The subscription costs $125 per month. The best part about signing up is undoubtedly the free trial. You get two full weeks of Dan Zanger’s newsletter (six in total), so you can follow his picks, tally the gains and losses and see if he still has the magic touch.
From our perspective, it’s worth a try. It’s expensive, but if you have a large bankroll and enjoy trading, it can be a valuable addition to your toolkit. More importantly, Dan Zanger doesn’t make any outlandish promises. He’s transparent with disclosures and performance warnings and also acknowledges that trading is a process and that it’s easy to get discouraged if you don’t hit pay dirt right away.
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