08 Jan 2026

Elite Trader: Managing $25 Million at Just 25 Years Old - Ted Zhang

Words of Rizdom

Ted Zhang, a 24-year-old co-manager at Revere Asset Management, discusses his journey into trading and asset management, emphasizing the importance of downside protection and consistent strategy implementation. Zhang details his early success with SPACs, the subsequent drawdown that led him to William O'Neill's CANSLIM methodology, and the value of combining growth with downside risk management, particularly for clients nearing retirement. He stresses the need to identify market environments that favor one's trading strategy, advocating for trend-following approaches and the importance of team collaboration to check blind spots. Zhang also highlights the significance of continuous learning, self-awareness, and maintaining a balance between personal well-being and trading discipline.

Outlines

Part 1: Introduction, Background

Part 2: Early Trading, Lessons Learned

Part 3: Core Methodology, CAN SLIM

Part 4: Professional Asset Management

Part 5: Market Analysis, Risk Management

Part 6: Continuous Learning, Teamwork

Part 7: Strategy Execution, Market Conditions

Part 8: Current Portfolios, Technical Patterns

Part 9: Personal Resilience, Habits

Part 10: Advanced Themes, Final Thoughts

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Preview

How to Get Rich: Every EpisodeNaval

Elite Trader: Managing $25 Million at Just 25 Years Old - Ted Zhang

Words of Rizdom

Part 1: Introduction, Background

00:00Managing Eight Figures at 24: An Introduction to Ted Zhang's Trading Journey

Managing Eight Figures at 24: An Introduction to Ted Zhang's Trading Journey

00:52Market Cycles, Human Psychology, and the Ideal Stock Characteristics

Market Cycles, Human Psychology, and the Ideal Stock Characteristics

01:31From Oral Surgery to Asset Management: Ted Zhang's Unexpected Career Shift

From Oral Surgery to Asset Management: Ted Zhang's Unexpected Career Shift

03:32College, COVID, and CNBC: The Beginning of Ted Zhang's Trading Career

College, COVID, and CNBC: The Beginning of Ted Zhang's Trading Career

05:58Luck, Opportunity, and the Democratization of Knowledge Through the Internet

Luck, Opportunity, and the Democratization of Knowledge Through the Internet

Part 2: Early Trading, Lessons Learned

08:57Trial, Error, and SPACs: Developing an Edge in the Market

Trial, Error, and SPACs: Developing an Edge in the Market

12:14Losing the Edge: Drawdowns, Re-evaluation, and the Dental Path

Losing the Edge: Drawdowns, Re-evaluation, and the Dental Path

14:20How to Make Money in Stocks: A Turning Point and the Path to Growth Trading

How to Make Money in Stocks: A Turning Point and the Path to Growth Trading

15:15The Importance of Breaks and Avoiding Revenge Trading

The Importance of Breaks and Avoiding Revenge Trading

16:13Alpha Prime: A Route to Professional Trading and the Enduring Relevance of Trading Books

Alpha Prime: A Route to Professional Trading and the Enduring Relevance of Trading Books

Part 3: Core Methodology, CAN SLIM

18:21CAN SLIM: Identifying Characteristics of Winning Stocks

CAN SLIM: Identifying Characteristics of Winning Stocks

20:20Human Psychology and Supply & Demand: Timeless Principles in the Markets

Human Psychology and Supply & Demand: Timeless Principles in the Markets

22:14Finding Your Life Task: From Sports and Video Games to the Markets

Finding Your Life Task: From Sports and Video Games to the Markets

24:41From Trading Game to Professional Money Management: Stanley Druckenmiller's Influence

From Trading Game to Professional Money Management: Stanley Druckenmiller's Influence

Part 4: Professional Asset Management

25:37Managing Client Emotions: The Key Difference Between Personal and Professional Trading

Managing Client Emotions: The Key Difference Between Personal and Professional Trading

27:04Earning Trust: From Trading Personal Money to Managing Client Capital

Earning Trust: From Trading Personal Money to Managing Client Capital

29:11TurboTection and Grotection: Revere's Investment Portfolios and Mission

TurboTection and Grotection: Revere's Investment Portfolios and Mission

30:21Market Journal and TradeZella: Staying Informed and Journaling Trades

Market Journal and TradeZella: Staying Informed and Journaling Trades

31:40Grotection vs. TurboTection: Benchmarks, Drawdowns, and Risk Management

Grotection vs. TurboTection: Benchmarks, Drawdowns, and Risk Management

33:39Turbo's Goal: Beat the Market and Risk Management Strategies

Turbo's Goal: Beat the Market and Risk Management Strategies

Part 5: Market Analysis, Risk Management

35:16Intermediate-Term Trend Following and the Ideal Stock: CAN SLIM Criteria

Intermediate-Term Trend Following and the Ideal Stock: CAN SLIM Criteria

36:27Trading at All-Time Highs: Avoiding Extended Positions and Managing Risk

Trading at All-Time Highs: Avoiding Extended Positions and Managing Risk

37:27AI Bubble or Not? Exuberance, Valuations, and Revolutionary Technology

AI Bubble or Not? Exuberance, Valuations, and Revolutionary Technology

41:22Loving Bubbles: Fast Moves, Psychology, and the Need for a Catalyst

Loving Bubbles: Fast Moves, Psychology, and the Need for a Catalyst

42:40Market Health, Pullbacks, and Bearish Signals: NVIDIA's Earnings and Market Indicators

Market Health, Pullbacks, and Bearish Signals: NVIDIA's Earnings and Market Indicators

45:17Getting Out: Trend Gauges, Market Leaders, and Overall Market Assessment

Getting Out: Trend Gauges, Market Leaders, and Overall Market Assessment

47:12Selling into Strength and Weakness: ATR Extensions and Climax Runs

Selling into Strength and Weakness: ATR Extensions and Climax Runs

50:13Price Targets vs. Momentum: The Benefits of Asset Management

Price Targets vs. Momentum: The Benefits of Asset Management

Part 6: Continuous Learning, Teamwork

51:23Studying History: The Importance of Understanding Past Bubbles and Market Cycles

Studying History: The Importance of Understanding Past Bubbles and Market Cycles

53:51Teamwork and Camaraderie: The Benefits of a Team Environment in Trading

Teamwork and Camaraderie: The Benefits of a Team Environment in Trading

55:37Building a Trading Pod: Finding Traders with Similar Styles and Goals

Building a Trading Pod: Finding Traders with Similar Styles and Goals

56:51Learning How to Learn: Synthesizing Information and Utilizing AI

Learning How to Learn: Synthesizing Information and Utilizing AI

58:33Active Retrieval and Spaced Repetition: Principles of Successful Learning

Active Retrieval and Spaced Repetition: Principles of Successful Learning

1:00:53No Shortcuts: The Time and Effort Required for Mastery in Trading

No Shortcuts: The Time and Effort Required for Mastery in Trading

Part 7: Strategy Execution, Market Conditions

1:01:44Layered Learning: From Chart Patterns to Risk Management and Market Environment

Layered Learning: From Chart Patterns to Risk Management and Market Environment

1:03:58Identifying Market Conditions: Relative Strength and the 21 EMA