How a Swing Trader Achieved Multiple 100%+ Years After Blowing Up | Sean Ryan
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- เผยแพร่เมื่อ 17 ก.ค. 2024
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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!
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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
#swingtrader #investing #stockmarket
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👇 What you'll learn!
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Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back.
Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions.
Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential.
Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis.
Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts.
Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques.
Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.
Quick note on Sean's metrics. He had used chatgpt initially and it misinterpreted the data. He recalculated it by hand:
Total Trades: 114
Gains: 31
Losses: 83
Win rate: 27% (31/114)
or
W/L ratio: .37 (31/83)
Average Gain: 7.23%
Average Loss: 1.48%
Thanks for the correction. It did not sound right when he referenced in the interview.
Richard and Sean, thank you very much for the great interview! Could you please double-check the numbers? It's hard to align them with Sean's return, especially since it seems like less than 50% of the total capital is used per trade on average. Thanks again.
As per these numbers sean Ryan capital gain is 101% but in websites 151% capital gain is mentioned. please let me know which one is correct?
Hi Richard, I could not believe the earlier data, but is this one correct too ??
@@casiddharthbhatia6913 I think its because even though average gain is 7%, the position size is much larger. 7% gain on 50% position is definitely bigger than 1% loss on 20% position
Really enjoyed this talk with Sean. I hope you do as well!
He was so honest and forthcoming! There were many moments in the video that put a smile on my face because we were doing the same mistakes and going through the same emotions. Great interview Richard and Sean! 👍🏻
This was on my wishlist! Thank you very very much. Have a great weekend !!
@richardmoglen Could you clarify Sean's stats....27 % with 1.5w/l looks like no profitable
Great interview. And timesly, gave me a few ideas. Thanks Richard.
Still on the 17th Minute and love how is being so vulnerable and open about his journey. Kudos to you on that, Sean!
It was great to hear Sean not hold back and tell the truth about trading!
That’s crazy to see someone with the best mentor ever and still shows it’s all about finding your own style, rules, and having discipline to stick to your rules, the market is a fair game for most of us small traders. All about what works for your own trading and learning from your own trading mistakes. Thanks man!
There's no shortcuts in trading, the market does not care who you are. It takes effort and a lot of mistakes to learn for everyone
And using rsi to find divergences, macd its much better both a trend and momentum indicator
⌛ 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
This is one of the best of these videos I've seen. Super humble and honest. Great stuff!
Glad you enjoyed it!
agree
What RSI is that? th-cam.com/video/XOul-ECgHyA/w-d-xo.html
Richard, great interviews as always. Do you know if we can get access to buy and sell of championship winners? It would be a great educational resource to see all of their trades in one year.
What a great interview. It's nice to see different styles and also the less traditional style of trading. It's hard for people that are growing accounts to get behind NVDA, PANW and the like. Very refreshing to see.
Thanks Richard another great interview. Is there anyway you can make the charts more clear, they are not sharp, more blurry. Thanks again, you're doing great work.
Sean this is one of my favourite interviews ever on Richard’s channel. Thank you for being so kind and sharing your knowledge with the rest of us. So much value in this talk. Also, Richard is such an excellent interviewer. He has the right questions at the right time and it means we get so much relevant info in his interviews. So thanks Richard for this.
Thank you for the kind words. Our pleasure!
Congrats!
Great interview. Sean is such a talent and open to show his failures and tricks.
The interview is so well directed in a honest and relaxed way, it is a pleasure to watch. Plus the content is pure gold.
Thanks Richard, well done!
Glad you enjoyed it! Thanks Chris
GREAT VIDEO! Sean so demonstrates what I observed as well, which is that though we can learn from one another, each person needs to discover and evolve their own unique style of trading. A brilliant video which is instantly one of my favorites! Thank you Sean and Richard!
Excellent discussion. Thanks very much both Richard and Sean. Really appreciate the clip.
Glad you enjoyed it!
this dude Sean Ryan is so honest and so real. I have done exactly everything he has done and it's refreshing to know that I'm normal and I won't give up. I learned a lot from this video. Thanks so much!
Thank you very much Richard and Sean. I have been waiting for this interview! I have checked your site few times and find it here. Great interview as always! have huge respect to David Ryan, great to see Sean is dong so well
Great interview!! Definitely leaned something new , especially identifying the price reversal with RSI. Thank you 🙏
Glad you liked it!
Thank You Sean for being so open about your first few years trading. Your statement around 18 minute mark is classic. It is easy knowing the right process, knowing the methods that will bring profits... but having the emotional discipline to stick to your plan is easier said than done.
Agreed! There's a reason why a large % of traders don't make it, and it's not from a lack of information.
top notch content here. love hearing the risk process relative to portfolio size.
This is probably the best trader interview I've heard. Sean's honesty and humility is remarkable
Thanks for watching! Subscribe ✅
Richard and Sean, this was a fantastic video. Simple trading, exactly what I was looking for. Down to earth explanations. Thanks for this video.
Glad you enjoyed it!
This is one of the best interviews. I remember when I started in 1979. I went through all of it. Although I never felt compelled to enter these challenges or competitions or work with a prop firm. Great job.
Glad you enjoyed it!
Thanks u for recording such a nice video Richard..in one of his trade example Sean told that he bought it earlier before the pivot point because price was making inverted head and shoulder in lower time frame, could u pls eloborate this point for better clarity...
This was such an amazing authentic interview and I really enjoyed how Sean broke down his trading with examples and how you included the stats (corrected stats below). Super interview!!
Glad you enjoyed it! Thanks Darren
been waiting for this interview the whole week!
Great interview. Richard what trading journal would you recommend to track our trades. There are many on the internet however they don't have the functionality to track the overall profit based on taking partials along the way in the winning trade. Any recommendations.
I would recommend building your own spreadsheet that is custom tailored to your needs.
I did build it and it works perfectly, however it looks quite boring. lol@@mnestler31
Great stuff! Richard, I'm trying to improve the money management side of things. I want to increase my risk per trade, from 0.33% to 1% like Sean (with 3-4% stops). Do you have any videos or more advice on this, please? Thanks 👍
Search Risk Management on the TraderLion TH-cam page
@@TraderLion thanks Richard 👍
What is a good investment account that lets you have stop loss as well as limit sell on a stock? Robin hood doesn’t have it ☹️
Thanks for sharing this is an awesome testimony. It sounds like he handled the way I would have handled it. Blamed my dad and say his methods are obsolete because I yolod my account lol. Very cool to hear.
Thank you very much for this interview! I absolutely loved hearing about Sean Ryan's journey, perspective and insights.
Thanks for listening!
Love this interview. Thanks Richard and Sean.
thanks for tuning in
Great interview! Richard does a really good job in these interviews, he knows when to ask questions and what questions to ask! Thank you!
Thank you!
Thank you!
Welcome!
Ya man I’m right there except my account was x times that size but I’m yet to start my gains. Appreciate your interviews. I hope I get a handle on this soon.
you got this
At 30:00 I'm not sure I understand. If he risks 1% of his account on every trade and has 9 losses in a row he has to make 10% of his entire account balance on the last trade. Assuming a 20% position that would require a 50% gain on the last trade. Or is he saying he bets his entire account with 1% stops?
Such an interesting interview. Thanks again Richard!
Glad you enjoyed it!
Excellent interview, humility is one of life's hard lessons ! Would it be possible to put the date of the recording in the notes on your vids please Richard?
Great idea, we'll start doing that!
@18.30 Exactly. You can know exactly what you should be doing and still sabotage yourself!
Maybe the best interview you’ve done and that’s saying a lot since they all have been great!
Thank you Martin. Sean was excellent
Good honest conversation. Really enjoyed and learned a lot.
Awesome interview. Thanks Richard and Sean! It's cool to see different styles and perspectives.
Glad you enjoyed it!
These kind of interviews are awesome, really helpful for us, thank you Richard
Awesome video, thank you for the advice Sean and thank you Richard for hosting!!!🙏🏻
You bet!
Really enjoyed this interview with Sean. Seems like a down to earth and humble trader. I love how he just seems to keep it simple and is able to acheive awesome results.
Simplicity allows for repetition. Repetition of an edge leads to consistent returns!
Enjoyed watching. Thank you Ryan and Richard for the interview
Glad you enjoyed it
Another excellent video !! thanks Richard you are truly the best, providing us with such content for free.. One little thing, is it only me or the chart quality is very low?
Noted
This channel has helped so much. Thanks Richard 👍
Glad to hear it
love a good comeback story.. awesome interview!
100%
One of the best ones yet. So much more relatable than a lot of the other traders on these interviews
Thanks for watching!
Great interview! Thanks
Glad you enjoyed it!
wonderful honesty an openness, thankyou so much
Always!
great interview impressive guest
Excellent interview, very humble. Thanks to you both. 👊👍
Our pleasure!
May have commented on this the 1st time I watched vid, but this is amazing. So much info!
Glad it was helpful!
Great interview! Thank you both.
Hey, Richard i love those kind of interviews. keep it up. thank you.
Thanks, will do! More on the way
One of THE best interviews I have seen on Traderlion. Great job to both of you. People's lives become transformed by the teachings here. Bravo!!!
Wow, thank you!
Excellent interview! It thought me a lot, thanks!
Glad you enjoyed it!
Excellent interview. Thanks.
Glad you enjoyed it!
It was great interview. Past week was not great for me because i got shaken out of all my positions. Watching this just made my day. "There will always be another opportunity tomorrow -Sean Ryan"
100%!
Thank you Richard and Sean for this interview. 🙏🏾
Thank you
Hi Richard, great video. Thanks. Just checking, when is Gov's interview telecast scheduled?
It will be out today
Best experience I've heard so far. Thanks for the content!
Our pleasure!
Awesome, great content, Thanks to both of you!
Our pleasure!
Great interview,
I wonder on 1:05:00 with DRV whether he let it run further hoping to recover because overstayed the move and missed his sell point on top… usually when you get some red bars like that the bounce wouldn’t overtake its previous top…, it is more like short covering and a move lower
Cheers
Awesome interview..Some good taekways for me from this interview. Thanks a lot Sean and Richard!!
Glad you enjoyed it!
Thanks, Richard, for another great interview and Sean, for sharing your journey & insights!
Our pleasure!
Great interview. It would be even better if David Ryan sits beside and give some of his observations..
I saw the results yesterday and was hoping there’d be an interview. Thanks so much!
You're so welcome!
Your dad is terrific!! Thanks so much for this interview!
Our pleasure!
Great interview. He trades stocks exactly in the same way that I do, except that I usually end up holding for too long instead of selling on the way up after already having 40-50%. There is one thing I didn't understand. He says that he often tries up to 4-5 times to enter a stock with a 3-5% SL and then finally end up staying in it for a 20% gain. That does not sound profitable to me and this is exactly what I'm struggling with as well. That all the small losses end up eating my big gain at the end. So how can he make 100% or more per year? Or maybe I'm misunderstanding something....?
I don't think it means every trade always happens that way. It might mean he can make his small losses back with a larger winning trade on that same stock, but he also might have other winning trades in other stocks where he didn't take those 4 or 5 losses first, and where he might have been profitable from the beginning, and those are what makes him so profitable. I might be wrong though.
@@TheMountainBeyondTheWoods No you're probably right about that. He will need to have some really good ones though to get to that result.
I think many times he gets breakeven or with tiny profit
The 3-5% stop is the max stop that he would take. His average loss is probably smaller. More around 2%. He said he would close a trade end of day if it is in the red. Means many very small loses of 1-2% probably. Having an average loss of 4% or 2% makes a world of a diffrence in trading.
Thank you Sean, great interview! Watched the entire episode. Thanks for bringing RSI divergence up and words of encouragement in closing. Keep up the great work!
Glad you enjoyed it!
His journey is so relatable to many. The cool part is when he got back into trading and he had his epiphany and saw all the setups coming to life
Hard work for a few years, then it all comes together!
Great video. Thanks for sharing your journey Sean.
Glad you enjoyed it!
You are creating a mind blowing content with a great passion .I also wonder for the length of the videos you make to extract maximum possible details from every Star Trader .
Great interview and many takeaways - father and son relationship, however, Sean has found his own path and style. You have to commend him for that and over the coming years no doubt he will compound his account, his experience and a very proud dad.
How can we reach out to Sean for further guidance?
Great interview- thanks to you both for this!
Our pleasure!
Nice and really enjoyed it. Thanks
Glad to hear it!
Eh, if you don’t do anything silly and overcomplicate things… trading is way more fun and rewarding than people realize!
We all have to pay our dues, even the son of David Ryan!
Love his more aggressive position sizing.
I’ve been hanging around 10% position sizes and it’s too slow moving.
Because of this video, I plan on working up to 20-25%.
I typically risk 1% of account as well.
Great interview!!
This is my exact takeaway from Sean’s interview. I’m not taking meaningful position sizes so even when I have a great trade it’s not moving the needle much. Something I want to work on all of 2024. Good luck to you!
Read about the Kelly Criteria...math wizard that found if you have a positive outcome possibility then you should bet 21% of your account size for the highest rate of return. His math work was the basis of Blackjack counting cards book and the MIT Team that a movie was made about. Author was actually band from Vegas Casinos for counting cards and then he transition into a success hedge company trading stock warrants.
Very good interview! just a question to clarify, Sean said he is Keeping losses at 1%? what is he meaning by this? 1% of what ?
1% of the entire account is the maximum he risks per trade
1% of his entire account. Position size x trade risk = portfolio risk.
Sean is the real deal. I see him doing very well every year in the US Investing Championships. Real money competition.
Thanks for watching
A suggestion to help us beginners, it would help us a lot if there are lot more examples of cutting a loser short and the reasoning behind it. Having visual examples of this will definitely help us execute such trades and learn to lose small as well.
Great interview! I took a lot away from Sean’s learning process and observations.
Great!
For me the main new concepts that are gold are 1. There will be always further opportunities ( so no worry if you lose some) and 2. No need to trade the stocks everyone is talking to make money. Really thank you!
Can relate
Whoa, been wanting to see this guy for a while. Excited!
Great! Enjoy
Hello everybody !!
I'm looking for a website that allows me to see the charts of all the Nasdaq stocks, one by one, scrolling down, like Sean does.
Does anyone know of a website where I can do this?
Great interview 👌🏼
Glad you enjoyed it!
This is one of the best video in the tradelion
Thank you
Did he share his trading plan?
Great interview
Thank you! This is the 3d time I am going to listen to.
Enjoy!
Great interview - Cheers
Thanks!
Fantastic video enjoy it thanks.
Glad you enjoyed it
He has a very strong support system that could teach him everything he knows about trading.
1:23:00 1:39:40
What length is Sean using for the RSI? I can't tell from his chart.
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