📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG 👇 What you'll learn! -------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
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! 👍🏻
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!
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%
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.
@@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
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.
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!
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.
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 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.
Enjoyable Interview!! 🤗 Just shows no matter where you come from. You must find your way based on your personality. Re sharpen your trading based on your mistakes. In Ryan's case a tight stop loss was his main answer for Success. Determined Man right there 👏👏👏👏.
I love Sean's humility and maturity. One of the most enjoyable trading interviews. Your dad is one of my most favorite traders also because of his humility. Thank you Sean :-)
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.
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"
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.
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.
57:10 I think we have different definitions for “all time highs” 1:01:20 “the reason I didn’t sell is because I was excited about this ETF collapsing” - he sounds extremely undisciplined and contradicts what he said earlier about not getting emotionally invested about the stocks he’s trading. 1:19:50 “I don’t really know what happened” … what? How could you not know what happened. Either you held through earnings or you didn’t. It’s usually a pretty big decision you weigh against your profit cushion. And if you were doing post trade analysis you would absolutely know what happened. Something don’t add up. I think the best takeaway from the interview is the time value of money, taking the big move and cutting it instead of holding for another move after it settles. Another is re-entering trades on stocks that maybe didn’t work out the first few times but not letting that deter you. Overall nothing really new under the sun here for anyone who has watched/learned from MM or DR in the past.
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.
This is the best episode I've watched so far and I must tell you Richard you are one of the best interviewer for sure and I will try to imbibe some of these qualities into my life.
I 100 percent thought I was gonna dislike Sean Ryan. Son of a pro, probably grew up with a little more privilege than most, but damn he won me over with his honesty. I hope he wins the next 10 investing championships.
Imagine David Ryan probably is super rich and son works a crap job for 30k! Good lesson David gave his son. I was in Myrtle Beach on Nov 11th with Minervini's Meetup and Larry Hite. Market Wizard Larry Hite was on stage made 7 Billion with his trading buddy and regrets sharing his wealth with his grandchildren because they have no motivation. His children not so much as they saw him as a 9 to 5 worker and also uber rich.
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.
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?
i think he is talking 1:10 risk:reward trade, where when he risk 1% gets 10%, now capital deployement will depend on how big is the stop. If stop is 5% of the stock then he wud only enter with 20% of the capital, if its just 1% he wud enter with 100%of his capital. but im still confused with the statistics he mentioned at the end. for 150% gain he shud have earned like 150x (1x being the risk i.e. 15%)
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!!
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 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. 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.
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.
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?
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!
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...
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 👍
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.
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.
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
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 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.
@SeanRyan If you are reading this, there is a great book that came to my head when I heard you talking about your dad. The book is "The winner effect" by Ian H Robertson. Hats off to your interview and ability to talk about it so honestly. Best of luck!
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!
Great interview. From this journey all I can say is the best winners are the best losers. Sucks to admit your wrong but from someone whos blown many accounts cut losses fast.
How do the trade stats make sense? 27% win rate, 5.7% average win, 3.7% average loss. I assume this means a 73% loss rate. 0.27%x5.7%-0.73%x3.7%=-1.16% expectancy (negative). Is there something missing or wrong? How does this add up?
@@rajukansodariya1397 it might be that his average gain of 5.7% is expressed as gain on the whole account, while the average loss of 3.7% is per trade.
@@TraderLion do you trader lion guys ever have live conferences or know of live conferences where canslimers go to get better i like live .....me be in on that ddp1 thnx
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 .
I am confused... the things you mentioned were great. However, I just didn't understand your stats; they don't make sense: 577 trades a year with 20-30% of your money each time is equivalent of sometimes 2-3 trades a day, how is that possible when you have 30% at risk... if you have two or more positions at a time, then that doubles or triples the risk - plus all the trades you mentioned about in the video took days and weeks for you to get out them... that locks up the money. Here I tried to calculate the percent profit you get on average based on the stats you mentioned about. Exp(37% x log(1 + 5.7%) - 63% x log(1 - 3.71%)) - 1.0 = - 0.086% So basically if these numbers are correct, you should be losing this much per trade... making last year overall losing roughly 39.4% of your total account after 576 trades.
Yea exactly what I was thinking.. im guessing he's made a mistake with his numbers.. he said .37 and then said 27% win rate, but even with a 40% win rate and a 1.5 R:R you're barely break even.. I'm guessing his R:R is a lot higher, from the way he speaks.. at one point he says if he has 9 losses and one winner he will be at breakeven. I hope Richard can check and clarify.
577*27%= 155 profitable trades. 577*73%= 421 unprofitable trades. At $20k a trade using a 5% stop it would mean a loss of $1k per trade multiplied by 421 trades= $421K. At 28% for every winning trade, it would be a gain of $5,600 per trade multiplied by 155=$868k.. it would leave a profit of of $447k($868-$421).....
@@iancruzfernandes5889He aims for 1;10RR as he said , so he can lose 9 trades and win 10th for 10% and be +1% total. But thats just math , its totaly different in live markets and human emotions etc. And for 1;10 Ratio you need ultra small stop loss or willpower to hold onto trades for month or two
Good interview how does he translate the SL size as 1% of the account, he would say “ a 3% SL so that is a 30% position” how does that work or what does he mean, sorry I know I am being dim
Good interview how does he translate the SL size as 1% of the account, he would say “ a 3% SL so that is a 30% position” how does that work or what does he mean, sorry I know I am being dim
📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG
👇 What you'll learn!
--------------------------------------------------------------------------------------------------------------------------------------------------------------
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.
⌛ 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
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!
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.
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
This is one of the best of these videos I've seen. Super humble and honest. Great stuff!
Glad you enjoyed it!
agree
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
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
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.
This is probably the best trader interview I've heard. Sean's honesty and humility is remarkable
Thanks for watching! Subscribe ✅
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!
Thanks for watching!
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.
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!
Enjoyable Interview!! 🤗 Just shows no matter where you come from. You must find your way based on your personality. Re sharpen your trading based on your mistakes. In Ryan's case a tight stop loss was his main answer for Success. Determined Man right there 👏👏👏👏.
So true!
Thanks!
You bet! Thank you
One of the best ones yet. So much more relatable than a lot of the other traders on these interviews
Thanks for watching!
Excellent discussion. Thanks very much both Richard and Sean. Really appreciate the clip.
Glad you enjoyed it!
I love Sean's humility and maturity. One of the most enjoyable trading interviews. Your dad is one of my most favorite traders also because of his humility. Thank you Sean :-)
Couldn't agree more!
Great interview!! Definitely leaned something new , especially identifying the price reversal with RSI. Thank you 🙏
Glad you liked it!
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!
Awesome video, thank you for the advice Sean and thank you Richard for hosting!!!🙏🏻
You bet!
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!
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%!
Love this interview. Thanks Richard and Sean.
thanks for tuning in
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
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.
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!
57:10 I think we have different definitions for “all time highs”
1:01:20 “the reason I didn’t sell is because I was excited about this ETF collapsing” - he sounds extremely undisciplined and contradicts what he said earlier about not getting emotionally invested about the stocks he’s trading.
1:19:50 “I don’t really know what happened” … what? How could you not know what happened. Either you held through earnings or you didn’t. It’s usually a pretty big decision you weigh against your profit cushion. And if you were doing post trade analysis you would absolutely know what happened. Something don’t add up.
I think the best takeaway from the interview is the time value of money, taking the big move and cutting it instead of holding for another move after it settles.
Another is re-entering trades on stocks that maybe didn’t work out the first few times but not letting that deter you.
Overall nothing really new under the sun here for anyone who has watched/learned from MM or DR in the past.
This channel has helped so much. Thanks Richard 👍
Glad to hear it
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.
This is the best episode I've watched so far and I must tell you Richard you are one of the best interviewer for sure and I will try to imbibe some of these qualities into my life.
Glad you like it!
I 100 percent thought I was gonna dislike Sean Ryan. Son of a pro, probably grew up with a little more privilege than most, but damn he won me over with his honesty. I hope he wins the next 10 investing championships.
Imagine David Ryan probably is super rich and son works a crap job for 30k! Good lesson David gave his son. I was in Myrtle Beach on Nov 11th with Minervini's Meetup and Larry Hite. Market Wizard Larry Hite was on stage made 7 Billion with his trading buddy and regrets sharing his wealth with his grandchildren because they have no motivation. His children not so much as they saw him as a 9 to 5 worker and also uber rich.
Enjoyed watching. Thank you Ryan and Richard for the interview
Glad you enjoyed it
Such an interesting interview. Thanks again Richard!
Glad you enjoyed it!
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.
Thank you Richard and Sean for this interview. 🙏🏾
Thank you
top notch content here. love hearing the risk process relative to portfolio size.
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?
i think he is talking 1:10 risk:reward trade, where when he risk 1% gets 10%, now capital deployement will depend on how big is the stop. If stop is 5% of the stock then he wud only enter with 20% of the capital, if its just 1% he wud enter with 100%of his capital. but im still confused with the statistics he mentioned at the end. for 150% gain he shud have earned like 150x (1x being the risk i.e. 15%)
That was an insanely intelligent discussion. Mr Ryan is also incredibly humble considering his success. Thank you to both!!
That's because he struggle just like everyone else on the way up! Love his quote "the markets don't care who your dad is."
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
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 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
Awesome interview..Some good taekways for me from this interview. Thanks a lot Sean and Richard!!
Glad you enjoyed it!
been waiting for this interview the whole week!
love a good comeback story.. awesome interview!
100%
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!
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.
Fantastic interview, painfully honest & necessary to know
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 is one of the best video in the tradelion
Thank you
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!
Sean is the real deal. I see him doing very well every year in the US Investing Championships. Real money competition.
Thanks for watching
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!
Your dad is terrific!! Thanks so much for this interview!
Our pleasure!
I saw the results yesterday and was hoping there’d be an interview. Thanks so much!
You're so welcome!
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...
Excellent interview. Thanks.
Glad you enjoyed it!
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 RUclips page
@@TraderLion thanks Richard 👍
Best experience I've heard so far. Thanks for the content!
Our pleasure!
Really good interview!!❤❤❤💯💯💯🐐🐐🐐
Thank you
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
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.
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
May have commented on this the 1st time I watched vid, but this is amazing. So much info!
Glad it was helpful!
wonderful honesty an openness, thankyou so much
Always!
I really like the personal development on this interview, Sean reconcile with dad and regains his passion. its a great story. Awesome!
"The market doesn't care who your dad is" was a great turning point for his growth.
Thanks, Richard, for another great interview and Sean, for sharing your journey & insights!
Our pleasure!
Awesome interview. Thanks Richard and Sean! It's cool to see different styles and perspectives.
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!
Wow!!!! Sean Ryan,,,,, Ilisten to every word your dad says., Good luck to you in USIC.
Glad you like it!
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 ☹️
@18.30 Exactly. You can know exactly what you should be doing and still sabotage yourself!
Great video. Thanks for sharing your journey Sean.
Glad you enjoyed it!
Excellent interview! It thought me a lot, thanks!
Glad you enjoyed it!
Eh, if you don’t do anything silly and overcomplicate things… trading is way more fun and rewarding than people realize!
Fantastic video enjoy it thanks.
Glad you enjoyed it
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
@SeanRyan If you are reading this, there is a great book that came to my head when I heard you talking about your dad. The book is "The winner effect" by Ian H Robertson. Hats off to your interview and ability to talk about it so honestly. Best of luck!
His story is pretty inspiring and insightful too!!
It is, indeed!
Whoa, been wanting to see this guy for a while. Excited!
Great! Enjoy
Great interview! I took a lot away from Sean’s learning process and observations.
Great!
Hi Richard, great video. Thanks. Just checking, when is Gov's interview telecast scheduled?
It will be out today
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!
Great interview. From this journey all I can say is the best winners are the best losers. Sucks to admit your wrong but from someone whos blown many accounts cut losses fast.
Yes!! Right on
Nice and really enjoyed it. Thanks
Glad to hear it!
How do the trade stats make sense? 27% win rate, 5.7% average win, 3.7% average loss. I assume this means a 73% loss rate. 0.27%x5.7%-0.73%x3.7%=-1.16% expectancy (negative). Is there something missing or wrong? How does this add up?
I'm confused too....maybe I heard it wrong
@@rajukansodariya1397 it might be that his average gain of 5.7% is expressed as gain on the whole account, while the average loss of 3.7% is per trade.
I believe he said .37 initially and then stated the 27%
Yep, that part was weird. He didn't say what his expectancy is and otherwise the numbers didn't add up.
Breakeven trades lower your win rate, but do not add to your losses
r m always brings on the A list guys.. no ''eddies from detroit ''on this show.....great job
Thank you!
@@TraderLion do you trader lion guys ever have live conferences or know of live conferences where canslimers go to get better i like live .....me be in on that ddp1 thnx
Great interview 👌🏼
Glad you enjoyed it!
Great interview- thanks to you both for this!
Our pleasure!
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 .
Good honest conversation. Really enjoyed and learned a lot.
Only 20 minutes in ans this is a fantastic interview. Great to hear his honesty.
Great!
I am confused... the things you mentioned were great. However, I just didn't understand your stats; they don't make sense:
577 trades a year with 20-30% of your money each time is equivalent of sometimes 2-3 trades a day, how is that possible when you have 30% at risk... if you have two or more positions at a time, then that doubles or triples the risk - plus all the trades you mentioned about in the video took days and weeks for you to get out them... that locks up the money.
Here I tried to calculate the percent profit you get on average based on the stats you mentioned about.
Exp(37% x log(1 + 5.7%) - 63% x log(1 - 3.71%)) - 1.0 = - 0.086%
So basically if these numbers are correct, you should be losing this much per trade... making last year overall losing roughly 39.4% of your total account after 576 trades.
Yea exactly what I was thinking.. im guessing he's made a mistake with his numbers.. he said .37 and then said 27% win rate, but even with a 40% win rate and a 1.5 R:R you're barely break even.. I'm guessing his R:R is a lot higher, from the way he speaks.. at one point he says if he has 9 losses and one winner he will be at breakeven. I hope Richard can check and clarify.
577*27%= 155 profitable trades. 577*73%= 421 unprofitable trades. At $20k a trade using a 5% stop it would mean a loss of $1k per trade multiplied by 421 trades= $421K. At 28% for every winning trade, it would be a gain of $5,600 per trade multiplied by 155=$868k.. it would leave a profit of of $447k($868-$421).....
@@iancruzfernandes5889He aims for 1;10RR as he said , so he can lose 9 trades and win 10th for 10% and be +1% total. But thats just math , its totaly different in live markets and human emotions etc.
And for 1;10 Ratio you need ultra small stop loss or willpower to hold onto trades for month or two
@@robertlopez9347He never set stop more than 1% per trade
@@robertlopez9347 he gave his stats towards the end of the interview… the numbers you used were only a couple of examples he gave.
Great interview! Thanks
Glad you enjoyed it!
Thank you!
Welcome!
What length is Sean using for the RSI? I can't tell from his chart.
14
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.
He says that a 4% SL that would be a 20% position which would result as 1% of his account can you expand on that
Good interview how does he translate the SL size as 1% of the account, he would say “ a 3% SL so that is a 30% position” how does that work or what does he mean, sorry I know I am being dim
Good interview how does he translate the SL size as 1% of the account, he would say “ a 3% SL so that is a 30% position” how does that work or what does he mean, sorry I know I am being dim
I love learning from the older guys and gals but it was cool hearing from someone my age
For sure!
Thank you guys, great interview, I wish you all the best!!!
Our pleasure!