Lone
@lonextrades • 22,026 subscribers
Momentum Swing and Position Trading
Shorts
Videos
Qullamaggie on How Trading Becomes Second Nature “Since you joined Twitch and StockBee. You don’t have time to sleep. Yeah because you’re putting in effort to learn this skill. I’ve already put in the effort. For me it’s autopilot. It’s second nature. I sometimes do the study of setups. But like it’s become second nature to me. Because I’ve done it for so many years. It’s a reflex. I don’t have to put in a lot of effort anymore. It’s like driving a car. When you’re new it’s a lot of effort. Especially if you are in Europe at least like. 13 year 14 years ago when I was trying to get my driver’s license. Most cars were manual so you have to do the shifting. You have to pay attention to all the signs. All the traffic rules, and it takes a lot of effort. Now it’s second nature - I don’t have to think when I drive. It’s all reflexes. Like parallel parking. That was a really hard thing for me to learn. It took a lot of effort. And now I can just perfectly parallel park 9 times out of 10. Without any kind of effort. And if I had put in some effort. I could do it 10 times out of 10. It’s the same thing with trading. Same thing. It’s the same thing with anything you want to learn. It’s a skill.”
Lone22,695 Aufrufe • vor 4 Tagen
Qullamaggie on Episodic Pivot Edge is Buying Early In a Move, Not Late “APPS is not an EP. EP is a specific setup. Well, actually no—it can be, but EP is best for a stock that’s early in a trend. This thing is already up 25 percent in less than a year. You know, an EP is for a stock that’s been going sideways for a long time or is coming off for correction. Just because this cap stock is gapping up on news doesn’t make it an EP. That’s not where your edge is. The rich is buying a stock early in a move, not late in a move. That’s what an EP is.”
Lone83,317 Aufrufe • vor 1 Monat
Qullamaggie on Differences Between Drawdowns “So most of my drawdowns now, they’re from highs. But let’s say I make, I increase my account by 30%, and then I give it back a third of it. The worst kind of drawdowns is when you have already lost money for a while, or been going sideways for a while. Like going sideways for months and months, and then you have a big drawdown. That’s really demoralizing. That’s the worst kind of drawdown. The best kind of drawdown is when things been going really, really well, and then you give some of it back. Like, let’s give you an example. Like here back in 2014, late 2014, when I lost half my account in one day. I had been on a big run for the past six months or so. Meanwhile, here I had a drawdown. Yeah, this is where I lost at 700k I think. You know, I had been going sideways for like 3, 4 months, and then I had a big drawdown. Now that’s demoralizing. That’s really demoralizing. So it’s a, there is a difference between a drawdown and a drawdown. In my opinion, even though, even if you lose the same amount of money, psychologically there’s a huge difference.”
Lone13,975 Aufrufe • vor 6 Tagen
Qullamaggie on Trading is Binary “Oh my god, I’m so exhausted right now. I literally want to go to sleep. Trading is so binary — you have weeks and months that are like watching paint dry, and then you have days and weeks where you need like two heads and six arms and five brains. My brain is fried after these two weeks. No, I don’t take vacations or like… obviously I can, you know, slow down my trading, but look — vacations - if I had missed past last week, I made more money last week than I made last year. Okay, what if I had been on vacation?”
Lone21,888 Aufrufe • vor 10 Tagen
Qullamaggie on Selective Market Environments “ICHR? Yeah, it’s kind of flagging but is it anything special? I don’t know, I think no. It’s maybe a three star. I’m really looking for the special ones right now especially. You gotta be so selective in this market. It’s not like March last year to February this year — you could buy anything that looked decently good and you would have made money. It’s not that type of a market environment anymore. You gotta be so selective. If you’re gonna buy something, you know you gotta make sure it’s something special, not some random stock with a random flag / consolidation.”
Lone11,634 Aufrufe • vor 5 Tagen
Qullamaggie on Hard Periods in Swing Trading “But yeah, these periods happen a couple of times per year, so it’s just part of the game. You just have to man up and stay patient — that’s the only way. Because I know that the good times are gonna be back. I know that there’s gonna be a period of a few weeks or a few months where I’m gonna make at least a million dollars. I don’t know if it’s gonna be this year, but it’s definitely going to be somewhere next year, and I just have to wait for that time.”
Lone27,111 Aufrufe • vor 15 Tagen
Qullamaggie on Getting to Your First Million “You’ll get there, you’ll get to your first million. You’ll get there, trust me. And after you get your first million, the second million will be easy — trust me on that one. As long as you don’t fuck it up, it all depends on you. Just focus on price action and focus on what the market is doing, and what the market is trying to tell you.”
Lone20,325 Aufrufe • vor 14 Tagen
Qullamaggie on Once You Stop Trying to Outsmart Things, Big Money Will Follow “Yeah, Jerry Parker — do you know why he made it? And this guy is worth billions today. Because he followed the rules. Like the other guys, they just kept overriding the rules because they thought they knew better. Jerry Parker, he just followed the rules, and he made millions. Kind of funny how it works — once you stop trying to outsmart things, that’s when the money comes.”
Lone19,674 Aufrufe • vor 16 Tagen
Qullamaggie on Double Your Account, Double Your Size “Hard to make 17 million? Well, if you make over 200% after taxes and fees, it’s not that hard to make 17 million. Like guys, it’s not rocket science. Like, if you double your account, you double your size, and that’s how you make parabolic returns in your accounts. You can’t sit there and take out money every time you make a little bit of profit, like some of these day trading rooms. You know, they’re shorting these momentum stocks on the front side and their members are blowing up left and right, and they’re like, hey, you always gotta wire out some money. No, you don’t need to. It’s bullshit. What you need to do, is not blow up and trade safe setups. There’s no need for day trading, it’s too hard.”
Lone26,972 Aufrufe • vor 28 Tagen
Qullamaggie on SMB Capital and Daytrading “Yeah, and I can tell you that the day trading is just most of the time a waste of time, like this SMB that prop firm. I mean, this was like a couple of years ago when I saw a video of their best trader who makes like 300k per year. And that’s a guy who’s been trading for like 20 years. If you’ve been trading for 20 years, you should make 300k a week, not per year. So, that’s another confirmation that day trading is just not gonna cut it if you want to make big money. You gotta swing and position trade.”
Lone138,504 Aufrufe • vor 6 Monaten
Qullamaggie on Longest Drawdown and Having 3-6 Month Drawdowns Every Year “After reviewing your historical performance, I don’t know where you got my historical performance from - but if you paid attention, my longest drawdown was in 2015 — it lasted nine months. I have drawdowns that last three to six months every single year. It’s a feature, not a bug. Reviewing my performance… well, if he was studying me reviewing my performance, he would know I had a nine-month drawdown in 2015 and that I have three-to-six-month drawdowns every single year.”
Lone17,028 Aufrufe • vor 26 Tagen
Qullamaggie on Anyone Can Do This “Yeah, I started with $3.5 million this year, I’m up like 800 or 900%. It’s insane and I made so many mistakes. Like I can tell you guys, any fucking idiot can do this. Like literally, just don’t be a moron — you have to learn how the market works. You have to stick to rules. You need to have rules in the first place. Like if I can do it, anyone can do it. Literally nothing special about me, absolutely nothing. Or well… my mom says I’m special but I’m not sure it’s a good thing, to be honest.”
Lone30,768 Aufrufe • vor 1 Monat
Qullamaggie on Dan Zanger “Dan Zanger, I think he is great. I learned a lot from Dan Sanger. Love your stops, not your stocks. Best motto ever. It’s the same; it’s the same thing again. Dan Zanger too—like he studied what works in the markets. He made tens of millions, and in a few years, he’s probably made 100 million since. Well, he has a lot of articles on the internet, but you can also subscribe to his - I went through all his old newsletters from the 90s to like 2012, reviewing every single newsletter. I just looked at what he looked for regarding the chart patterns. It’s the same thing I look for now. It’s just these simple patterns I talk about all the time, like these channels. You have a big momentum stock that goes up and builds a channel. You have a big momentum stock builds a channel this way. You have a momentum stock does something like this with higher lows. These triangles channels high tight flags. It doesn’t matter if you learn from Minervini, Zanger, it’s the same thing. Or Stockbee. It’s the same thing over and over. It’s so easy you just need to train your brain to see these patterns. On the strongest stocks that’s the key. Not some random piece of shit. People keep posting these random stocks that have these bull flags. But you need the strongest stocks. You don’t have an edge trading some random shit stock.”
Lone99,822 Aufrufe • vor 7 Monaten
Qullamaggie on How Long to Go From 9k to 1 Million “How did you go from 5K to 1 million? That’s for losers. I think I did it in 8 years. No, no, no. You know what, I’ll check. I went from 5K — let’s see, from 2013. So my accounts were actually 9K on May 20, 2013. That was the turning point for my trading. May happened. I was down like 50% on the year, and that was the turning point. So in May 2013 I had 90K in my trading accounts. Let’s see when I hit 1 million. January 2018, I hit 1.4 million. So somewhere in December 2017 my account reached 1 million. It took about three and a half years to get from 9K to 1 million. If you have a small account, guys, it’s not hard to make a few hundred percent per year. It’s not hard if you have a small account. Really, you can make it if you’re a short-term swing trader. You can make most years probably easily a couple hundred percent. And that’s the thing — you won’t have a small account after a few years. That’s the beautiful part.”
Lone47,019 Aufrufe • vor 3 Monaten
Qullamaggie on Ignore Weak Stocks “ROKU? Look guys, these kind of stocks - it’s a weak stock. Ignore these, ignore these. Focus on the strong ones. There’s a lot of random stocks. Ignore all of these. Focus on the ones that are in uptrends and that have been holding up really well during the correction. Focus on those ones. That’s where the big money is. Like ROKU is literally inside of a range right now. This thing has no upside. Look at stuff like DDOG. Look at stuff which I passed on. Look at stuff like WORK, which I am long. These are the types of stocks you wanna own. These are the types of stocks you wanna own. Look at this. TDOC also, this one I didn’t think it was gonna go. I saw it breaking out early, but I passed on it. But it’s just - they can’t hold it down. And as soon as the market selling eased, this thing exploded. All of these. Don’t, don’t look at these weak stocks. Ignore them.”
Lone12,521 Aufrufe • vor 20 Tagen
Qullamaggie on How to Make 870% Returns In One Year “As a trader, if you wanna, if you want to make 800 per 870% return in one year, you can do it. There are two main ways to do it, okay? One is to go all in on your favorite stock or someone else’s favorite stock; the other is to use options with call options and hope the trade works out. Or, if you have an exploitable edge or several exploitable edges, you can aggressively exploit those edges. Those are the two ways of making returns like that. The problem is if you are in category 1, where you go all in one stock, on margin or options, you may be really lucky, right? You catch something big, the problem is you’re probably not gonna repeat it the next year or the year after or the year after that. While if you have an exploitable edge, you will exploit, you know. You can repeat it year after year after year until infinity. There is no upper limit; it all depends on you.”
Lone75,591 Aufrufe • vor 6 Monaten
Qullamaggie on How Long to Go from 5k to 1 Million “How did you go from 5K to 1 million? 7 years. 8 years? No, no. That’s for losers. I think I did it in… you know what? I’ll check. So, let’s see from 2013. So, my accounts—like, this is after tax and after commissions and after living expenses—so my accounts were actually 9K in May 2013. That was the turning point for my trading. May of Fannie Mae happened in 20—I was down like 50% on the year, and that was the turning point. So, May 2013, I had 9100 in my training accounts. And let’s see when I did hit one million here. January 2018, I hit 1.4 million. So, somewhere in December 2017, my account reached 1 million. So, about three and a half years to get from 9K to 1 million.” “Like, if you have a small account, guys, it’s not hard to make a few hundred percent per year. It’s not hard if you have a small account. Like, really. You can make it if you’re a short-term swing trader. You can make most years probably a couple of hundred percent. And that’s the thing: you won’t have a small account after a few years. That’s the beautiful part.”
Lone73,807 Aufrufe • vor 6 Monaten
Qullamaggie on Minervini’s Small Account Size “Minervini is up 320%? Yeah but what’s his account size, 500k? He trades these liquid stocks. And that’s not… There’s nothing wrong with that. If you’ve been in the business for a few years… But if you’ve been in business for 30 years, you should be worth a few billion, not sell subscriptions. Just my 5 cents.”
Lone78,407 Aufrufe • vor 7 Monaten
Qullamaggie on Less News, Less Opinions, More Price Action “The biggest lesson I’ve learned over the years is less news and more price action. Less news less opinions and more price action. That’s really the biggest lesson I’ve learned over the years. Pay attention to all the small details. Just get a feel for for the market. Get a feel for the stocks. This is why I really never take a day off. I haven’t taken a day off since 2013. It doesn’t mean you have to trade every day, but I really think it’s important to be there and just follow the action. Just get a feel for the market. I think it’s really important for the type of trading I’m doing. That is.”
Lone10,848 Aufrufe • vor 21 Tagen
Qullamaggie on If You’re Not a Moron You Will Make it Far in Trading “The best thing are people that keep commenting on YouTube. They’re like hey what’s ADR hey how do you trade your setup. He’s like dude the instructions are literally on the screen. It’s amazing like this is the reason — you know if you’re just a little bit above moron level, you gonna make it far in life. Because most people they just can’t get above the moron level. Like the level you need to reach to get successful in any field is actually lower than you would think. Because most people are just not really… yeah everyone just wants to get rich, they want everything served on a silver platter. Those are the people that pay our bills haha.”
Lone15,388 Aufrufe • vor 1 Monat