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.
Part 1: Introduction, Background Managing Eight Figures at 24: An Introduction to Ted Zhang's Trading Journey
Market Cycles, Human Psychology, and the Ideal Stock Characteristics
From Oral Surgery to Asset Management: Ted Zhang's Unexpected Career Shift
College, COVID, and CNBC: The Beginning of Ted Zhang's Trading Career
Luck, Opportunity, and the Democratization of Knowledge Through the Internet
Part 2: Early Trading, Lessons Learned Trial, Error, and SPACs: Developing an Edge in the Market
Losing the Edge: Drawdowns, Re-evaluation, and the Dental Path
How to Make Money in Stocks: A Turning Point and the Path to Growth Trading
The Importance of Breaks and Avoiding Revenge Trading
Alpha Prime: A Route to Professional Trading and the Enduring Relevance of Trading Books
Part 3: Core Methodology, CAN SLIM CAN SLIM: Identifying Characteristics of Winning Stocks
Human Psychology and Supply & Demand: Timeless Principles in the Markets
Finding Your Life Task: From Sports and Video Games to the Markets
From Trading Game to Professional Money Management: Stanley Druckenmiller's Influence
Part 4: Professional Asset Management Managing Client Emotions: The Key Difference Between Personal and Professional Trading
Earning Trust: From Trading Personal Money to Managing Client Capital
TurboTection and Grotection: Revere's Investment Portfolios and Mission
Market Journal and TradeZella: Staying Informed and Journaling Trades
Grotection vs. TurboTection: Benchmarks, Drawdowns, and Risk Management
Turbo's Goal: Beat the Market and Risk Management Strategies
Part 5: Market Analysis, Risk Management Intermediate-Term Trend Following and the Ideal Stock: CAN SLIM Criteria
Trading at All-Time Highs: Avoiding Extended Positions and Managing Risk
AI Bubble or Not? Exuberance, Valuations, and Revolutionary Technology
Loving Bubbles: Fast Moves, Psychology, and the Need for a Catalyst
Market Health, Pullbacks, and Bearish Signals: NVIDIA's Earnings and Market Indicators
Getting Out: Trend Gauges, Market Leaders, and Overall Market Assessment
Selling into Strength and Weakness: ATR Extensions and Climax Runs
Price Targets vs. Momentum: The Benefits of Asset Management
Part 6: Continuous Learning, Teamwork Studying History: The Importance of Understanding Past Bubbles and Market Cycles
Teamwork and Camaraderie: The Benefits of a Team Environment in Trading
Building a Trading Pod: Finding Traders with Similar Styles and Goals
Learning How to Learn: Synthesizing Information and Utilizing AI
Active Retrieval and Spaced Repetition: Principles of Successful Learning
No Shortcuts: The Time and Effort Required for Mastery in Trading
Part 7: Strategy Execution, Market Conditions Layered Learning: From Chart Patterns to Risk Management and Market Environment
Identifying Market Conditions: Relative Strength and the 21 EMA
Sell-Offs and Opportunities: Waiting for Bases to Form
Trend Following and Protection Mode: Breaking the 50-Day Moving Average
Differentiating from Traditional Advisors: Downside Protection and Market Timing
Sticking to Your Strength: Mastering a Niche and Avoiding Randomness
Revere's Inspiration: Downside Protection and a Better Way
Compounding and Drawdowns: The Importance of Protecting Capital
Part 8: Current Portfolios, Technical Patterns Grotection Closing at $400 Million: New Portfolio Opening
TurboTection Open: High-Fee Mutual Funds and Conflicts of Interest
MicroStrategy and Bitcoin: Downtrends and No-Go Zones
Bitcoin's Potential Landing Zone: $70,000 to $74,000
Time Element in Bases: Symmetry and Accumulation
Characteristics of Bases: Volume, Tightness, and Catalysts
Entering Positions: Breakouts and Scaling In
Different Perspectives: Personality and Strategy
Super Stock Criteria: Liquid, Linear, and a Hot Theme
Butting Heads: Giving Each Other Leeway
Part 9: Personal Resilience, Habits Boarding School: The Beginning of Ted and Connor's Journey
Reconnecting: Social Media and the Markets
Similar Paths: Benefits of Having Someone Who's Been Through a Similar Journey
Personal Life Bleeding Into Trading: The Death of Ted's Father
Not Letting It Spiral: The Importance of Being Mindful
Daily Routines: Practices Developed Over the Years
Meditation: Gaining a Higher Level Perspective
Atomic Habits: Building Consistency and Scaling Up
Solitude: Having Time for Yourself
Self-Improvement: For Trading and Beyond
Off Plan: How It's Impacted Trading
Starting the Day: Getting Up Early
Drawdown Periods: What That Process Looks Like
Markets Are Cyclical: It's Nothing's Forever
The Key Goal: Keep the Losses Small
Part 10: Advanced Themes, Final Thoughts Identifying Themes: Before It's a Theme to Everybody
Top Down and Bottoms Up: Sector ETFs and Momentum Scanners
TraderLion: An Unpaid Internship
We Can't Forget TraderLion: Great Content
Themes: Sector ETFs and Momentum Scanners
Cancer Diagnostics: A Theme of Interest
Concentric Circles: Themes and Power Generation
Podcasts: Sharing What They're Doing
Stage Analysis: A Price Cycle
Stage Analysis: The Four Stages
What Works: The Same Principles and Methodologies
Timeless Principles: Rooted in Supply and Demand
Reading: Replacing Your Phone
Identity-Based Habit: How You See Yourself
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