10 Steps to Profitable Trading in 2024 | Ryan Pierpont

Jan 6, 2024

Ryan Pierpont, top performer in the US Investing Championships, shares his 10 phases of evolution as a trader. He emphasizes the importance of passion, perseverance, and risk management. Topics include meaningful work, buying breakouts, risk management, sympathy plays, and developing the right mindset.

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Introduction

00:00 • 2min

The Evolution of a Trader

01:50 • 30min

The Importance of Meaningful Work and Time Management

31:28 • 2min

The Importance of Buying Breakouts and Avoiding Mistakes

33:53 • 10min

Importance of Risk Management in Trading

43:32 • 31min

Trading Based on Theme and Sympathy Plays

01:14:47 • 6min

Not Giving Up on Stocks After Failed Breakout

01:20:32 • 16min

Developing the Right Mindset and Risk Management in Trading

01:36:59 • 5min

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Ryan Pierpont is a growth stock swing trader and was a top performer in the US Investing Championships of 2020 & 2021 with an astonishing combined return of 1,551%. But he didn't start off as a knowledgable trader able to put up huge returns. He had to go though his own evolution as a trader, one that he shares during today's video. Ryan lays out the 10 phases he went through and how to speed up your learning curve to become a profitable trader in 2024.Phase 1: CuriosityPhase 2: ExperimentingPhase 3: Blind FollowerPhase 4: Learning Your Edge (Technicals)Phase 5: FundamentalsPhase 6: Account ChurnPhase 7: Market AwarenessPhase 8: Risk ManagementPhase 9: Plan & PatiencePhase 10: Constant EvolutionFollow Ryan Pierpont on Twitter/X: https://twitter.com/RyanPierpontThis presentation was filmed on June 3rd of 2023 during the TraderLion Conference.

Watch on Youtube: https://youtu.be/KQRuUWSZvLEEnjoy!- 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...00:42 - Evolution of a Trader03:53 - Phase 1: Curiosity06:24 - Phase 2: Experimenting08:38 - Phase 3: Blind Follower12:08 - Phase 4: Learning Your Edge (Technicals)14:57 - Phase 5: Fundamentals19:15 - Phase 6: Account Churn33:27 - Early Struggle Examples40:27 - Phase 7: Market Awareness43:08 - Phase 8: Risk Management46:44 - Phase 9: Plan & Patience51:08 - Phase 10: Constant Evolution57:20 - Putting It All Together1:04:27 - Key Takeaways1:14:02 - Finding High Potential Stocks1:20:06 - False Breakout Setups1:22:24 - Simplifying Your System1:29:18 - Position Sizing to Maximize Returns1:40:38 - Learn More From Ryan Pierpont