Ep. 246: David Ryan Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 11 June 2014
⏱️ 29 minutes
🧾️ Download transcript
Summary
My guest today is David Ryan. Ryan was famously first featured in Jack Schwager's "Market Wizards" book. Ryan has been the U.S. Investing Champion for 3 times and also worked for William O'Neil.
The topic is market wizards strategies.
In this episode of Trend Following Radio we discuss:
- How Ryan got his start walking up to the front door of O'Neil's offices
- How Ryan would describe his approach to trading today
- CAN SLIM trading, and buying the breakout vs. buying the dip
- Enjoying trading without clients
- Some good CAN SLIM winners in the past two to three years from Ryan's perspective
- Big picture-wise, the max loss that Ryan is willing to take on a position
- The type of winning percentages that Ryan really sees
- The uneasiness about the overall market system since the 2008 financial crisis and how Ryan looks at how the situation has unfolded
- High frequency trading
- How the market can be humbling; and getting your ego out of the market
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | Before I jump into my guests today, I have a request. |
| 0:04.2 | This whole podcast process, and it's a process, not just the guests that you listen to, |
| 0:11.6 | not just my monologues, but the process of attracting better and better guests. |
| 0:19.4 | You can help me. |
| 0:21.3 | How? First off can help me. How? |
| 0:22.9 | First off, email me recommendations. |
| 0:27.0 | Top flight minds, good talkers. |
| 0:30.7 | Send me your ideas. |
| 0:33.1 | Number two, and everyone can do this. |
| 0:37.2 | And it truly will help my podcast get more recognition, |
| 0:41.8 | more listeners, which will make it much easier to get good guests. Not that I've not had |
| 0:47.4 | good guests already, I have. But I want continued good guest. What can you do? Go to iTunes and write a review. No excuses. Get off |
| 1:00.0 | your butt. Write that review. Now for my guest. |
| 1:04.0 | This is Trend Following Radio, where great thinking comes alive. |
| 1:14.1 | Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what |
| 1:21.3 | drive us irrational human beings. |
| 1:25.7 | I am your host, Michael Covel. |
| 1:30.6 | Not filtered, raw, honest. |
| 1:32.4 | That's my passion. |
| 1:38.9 | Today in the podcast, I have David Ryan. |
| 1:44.4 | David was famously first featured in the Market Wizard's book by Jack Swager. |
| 1:47.9 | He's also a protege of William O'Neill. |
... |
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