My guest today is David Ryan. Ryan was famously first featured in Jack Schwager's "Market Wizards" book. Ryan has been the U.S. Investing Champion for 3 times and also worked for William O'Neil.
The topic is market wizards strategies.
In this episode of Trend Following Radio we discuss:
- How Ryan got his start walking up to the front door of O'Neil's offices
- How Ryan would describe his approach to trading today
- CAN SLIM trading, and buying the breakout vs. buying the dip
- Enjoying trading without clients
- Some good CAN SLIM winners in the past two to three years from Ryan's perspective
- Big picture-wise, the max loss that Ryan is willing to take on a position
- The type of winning percentages that Ryan really sees
- The uneasiness about the overall market system since the 2008 financial crisis and how Ryan looks at how the situation has unfolded
- High frequency trading
- How the market can be humbling; and getting your ego out of the market
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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Hope you enjoy my never-ending podcast conversation!
Michael Covel's Trend Following