TraderLion: 1,379% Return in 3 years, Interview with David Ryan

FOcusing on one specific setup and try to master that.

When i buy stocks, i want to stay their for a while. I dont want to go in and out.

Even if you have a number of losers in a year, if you keep those small but you have
one, two, three really nice gains, you should do extremely in the market.

My biggest investment influence is the God’s word.

William Oniel’s passed on words to David Ryan.

1. Be optimistic
2. There are always opportunity.
3. Be humble
4. Always know the direction of the economy. If there’s underlying
strength to the economy that usually corresponds with the good market
5. Be flexible to change your market stance.
6. Details are really important. The most little detail can make a big
difference.
7. You never need a manual to the most successful products ever.
8. Always do things the legal way by the book and never cut corners.
9. Keep it simple. (William always look at weekly chart)
10. Always challenge the common wisdom of wallstreet
11. Work hard and remember what’s important
12. Success comes through hard work.

If i have a number of stocks and they;re not working out. I just immediately
slowing down. I don’t take big positions. And i just wait until things start
working and start increasing my position.

It’s really just taking it one stock at a time and try to get that one winner and
then get another one and start getting that confidence back and start increasing
the position.

If they’re just getting started, dont trade with large money until you experience
the full cycle of the market. Go slow and use smaller portion of the money. Learn
from you mistakes. Learn more about yourself by studying what you did right or
wrong.

Post-trade analysis- will expose things about yourself that you probably didn’t
know. It’s hard to study your mistake. Lot of people don’t admit their mistake.
Study where you went wrong and correct that. It’s takes humility to be able to do
that.

Sometimes it’s better not to be sitting in front of the screen for the whole time.
It’s actually better not to look at the intraday chart. Decide what time frame you
are trading.

I usually make mistakes by trading too early. I like to wait for the market to
calmn down. And sometimes i miss something.

How do you analyze charts?

⁃ I look to see first of all, is the stock in an uptrend? Is it close to
its high? Is it extended?
⁃ I like to see longer bases. Short base means short moves.
⁃ Strong uptrend and within a base is a price tightness.
“A breakout through the majority of the base” - not the high of the base which is
the kind of standard pivot.
⁃ I just say draw the line and find where the majority of the base was
built under and that’s where your buy point is. Some people are looking for cup and
handle, double bottom, pocket pivots etc.

The only good stocks are one that going up.

I think the way you interpret charts is to study the great winners. Look at it by
day by day, week by week, volume by volume, their moves and price pattern. You’re
gonna get what a move looks like.

A great winner acts the same way it did decades ago as it did now.

Go slower. Use a portion of your money until you can start making progress on the
market.
Study the great winners and get those characteristics down into your mind.
Read william’s books
Be humble to examine yourself and your mistaks.
There’ll be another market. There’ll be another great winners.
Don’t get upset if you are underperforming or you missed the great big winner.
There’ll be another one coming.
Stay optimistics. Stay humble and work hard.

Darvas’s books.
Mark minervini