Chapter 2
The Man Who
Buys Crashes
Dana “Dan” Allen
Ever since he was a little boy Dana “Dan” Allen was fascinated
with trading. He started reading theWall Street Journalat 9 and
opened his own commodity trading account by the time he was 21.
Dana’s trading career has been characterized by one overarching
theme—the uncanny ability to buy a dollar’s worth of value for a
nickel. Be it commodities, stocks, or options, Dana has succeeded
in finding deep value in whatever instrument he traded, often in-
creasing his initial investment tenfold. The man who buys crashes,
Dana Allen, thrives on making bids when most other market par-
ticipants are running for the exits. Although his trading style is
not for the faint of heart and can be seemingly chaotic, Dana has
managed to face the risks and walk away with returns that most
retail traders can only dream about. We had a chance to interview
Dana from his home in Nevada.