Sean Ryan, a top performer in the US Investing Championship, shares his trading journey, including blowing up his account and the importance of risk management. He focuses on chart patterns and short-term trading, using the RSI indicator to identify market direction. He emphasizes the importance of managing drawdowns, position sizing, and selling based on reversal days and volume. Sean highlights the significance of keeping losses small and encourages embracing failure as a learning tool.
01:46:54
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insights INSIGHT
Chart-First, Short-Term Mindset
Sean trades primarily off charts and short timeframes rather than fundamentals.
He treats stocks as vehicles for short-term winners and avoids emotional attachment.
volunteer_activism ADVICE
Use RSI Divergence For Market Bias
Use RSI divergence to judge market strength: falling RSI with rising price signals exhaustion.
Pair RSI signals with price action to decide when to be bullish or bearish overall.
volunteer_activism ADVICE
Position Size From Chart Risk
Size positions from the chart by mapping a stop to acceptable portfolio risk.
Example: a 3% price stop allows a 30% position to cap loss near 1% of the account.
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In this episode, Richard Moglen interviews Sean Ryan, a top performer in the US Investing Championship. Sean shares his trading journey, from his early interest in the markets to blowing up his account and starting over. He discusses the importance of risk management, the mistakes he made in the past, and the changes he made to his trading approach. Sean also shares his influences and resources, including William O'Neill and Mark Minervini. He explains his focus on chart patterns and short-term trading, and how he looks for the greatest winners of the next two months. In this part of the conversation, Sean discusses his approach to using the RSI indicator to identify market direction and make trading decisions. He shares examples of trades he made based on RSI divergence and price patterns. Sean also talks about managing drawdowns and position sizing based on chart analysis. He emphasizes the importance of selling based on reversal days and volume, and shares his process for setting stop losses. He also shares his statistics and win-loss ratio, highlighting the importance of keeping losses small. Sean emphasizes that a few key trades can have a significant impact on overall performance. He concludes by encouraging viewers to embrace failure and use it as a learning tool.Enjoy!- The TraderLion Team-----------------------------------------------------------------------------------------------------------------------Next-Generation Stock Screener: https://links.traderlion.com/Deepvuehttps://bit.ly/34ktd3Y-----------------------------------------------------------------------------------------------------------------------Stay in touch:Follow us on Twitter: https://www.twitter.com/TraderLion_Like us on Facebook: https://www.facebook.com/TraderLionOur Blog: https://www.traderlion.com/blog/Timestamps:00:00 - In this Episode...00:50 - How Sean Started Trading Stocks07:45 - David Ryan Mentorship11:55 - Blowing Up & Restarting20:30 - 2019 - US Investing Championship25:50 - Why Sean Entered the USIC28:50 - Risk Management Techniques31:45 - Common Trading Mistakes34:40 - Pros & Cons of Using Fundamentals38:30 - Key Influences on Sean's Success45:10 - 2023 Trading Review54:35 - Shorting Real Estate Using RSI1:03:05 - How to Adding to Winners1:06:30 - PLTR Trade Review1:13:30 - WW Losing Trade Example1:16:48 - LZ Trade Example1:22:50 - 4 Times to Buy a Stock1:25:23 - Sean's Daily Routines1:31:35 - Tracking Market Themes1:33:10 - LFMD Trade1:35:10 - Scaling as Account Grows1:36:00 - Trading Leveraged ETFs1:38:52 - Trading Statistics1:44:35 - Post Trade Analysis
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