| SEP 1990
The Psychology Of David Ryan by Van K. Tharp, Ph.D.
The Psychology Of David Ryan by Van K. Tharp, Ph.D. David Ryan won the U.S. Investing Championships three years in a row. I first interviewed David in May 1988 and again in August 1989. Q: What makes you successful as opposed to the average trader? A: I'm interested in what I'm doing. I love what I'm doing! I'm fascinated! I study the market because I want to do it and because I 'm fascinated to find out what makes the stock go up and what is going to be the next big winning stock. My goal is just to become a better and better trader, more and more disciplined, so I can be more and more successful in the market. I am disciplined in implementing the system and sticking to it. The only time I really start to lose money is when I really haven't stuck to my system and cut my losses short. I think it's also the time factor. I can devote a lot of time to it and become better and better. A lot of traders try to do too many things —they play commodities, stock, options—and they don't do one thing well. If they do a lot of things fairly well, they might make some money. Most probably lose money. If they concentrated on one thing and got to know it very, very well, then they're probably going to do a lot better because they know that one specific area of trading a lot better than other people do. I think it's a combination of interest, discipline, having the time and concentration.
by Van K. Tharp, Ph.D.
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.