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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
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Timestamps:
00:00 - In this Episode...
00:50 - How Sean Started Trading Stocks
07:45 - David Ryan Mentorship
11:55 - Blowing Up & Restarting
20:30 - 2019 - US Investing Championship
25:50 - Why Sean Entered the USIC
28:50 - Risk Management Techniques
31:45 - Common Trading Mistakes
34:40 - Pros & Cons of Using Fundamentals
38:30 - Key Influences on Sean's Success
45:10 - 2023 Trading Review
54:35 - Shorting Real Estate Using RSI
1:03:05 - How to Adding to Winners
1:06:30 - PLTR Trade Review
1:13:30 - WW Losing Trade Example
1:16:48 - LZ Trade Example
1:22:50 - 4 Times to Buy a Stock
1:25:23 - Sean's Daily Routines
1:31:35 - Tracking Market Themes
1:33:10 - LFMD Trade
1:35:10 - Scaling as Account Grows
1:36:00 - Trading Leveraged ETFs
1:38:52 - Trading Statistics
1:44:35 - Post Trade Analysis
