Lone

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Momentum Swing and Position Trading

Shorts

Qullamaggie on Adapting to Horizontal Markets “How do you adapt to markets trading horizontally? Well it depends on what the stocks are doing but if there are not many good setups or the setups that do trigger don’t have a lot of follow through, well it’s very simple: take a step back and wait for the markets to start trending.”

Qullamaggie on Adapting to Horizontal Markets “How do you adapt to markets trading horizontally? Well it depends on what the stocks are doing but if there are not many good setups or the setups that do trigger don’t have a lot of follow through, well it’s very simple: take a step back and wait for the markets to start trending.”

16,221 Aufrufe

Qullamaggie on You Only Need One Bull Run to Make Life Changing Money “And a bull market helps obviously. You only need a couple of bull runs if you learn the language of setups, the language of stocks. You only need a few bull runs to make life-changing money. Yeah, heck, you need one bull run to make life-changing money.”

Qullamaggie on You Only Need One Bull Run to Make Life Changing Money “And a bull market helps obviously. You only need a couple of bull runs if you learn the language of setups, the language of stocks. You only need a few bull runs to make life-changing money. Yeah, heck, you need one bull run to make life-changing money.”

11,826 Aufrufe

Qullamaggie on How to Find Themes Early “How do you find themes early? Well, you look at the volume when you start. When multiple stocks in a sector start going up on volume, there you go.”

Qullamaggie on How to Find Themes Early “How do you find themes early? Well, you look at the volume when you start. When multiple stocks in a sector start going up on volume, there you go.”

14,234 Aufrufe

Qullamaggie on Cancel Your Social Life to Become a Successful Trader “Two hours in the evening? No. When I, when I do something, I go all in. I cancelled my social life. Yeah, guys, if you want to be successful traders, you have to cancel your social life for a while—at least for three to six months.”

Qullamaggie on Cancel Your Social Life to Become a Successful Trader “Two hours in the evening? No. When I, when I do something, I go all in. I cancelled my social life. Yeah, guys, if you want to be successful traders, you have to cancel your social life for a while—at least for three to six months.”

18,942 Aufrufe

Qullamaggie on You Only Need to Get Rich Once “But remember guys, you only need to get rich once. All you have to remember is that you only need like a couple of bull runs in the markets to make life-changing money.”

Qullamaggie on You Only Need to Get Rich Once “But remember guys, you only need to get rich once. All you have to remember is that you only need like a couple of bull runs in the markets to make life-changing money.”

14,881 Aufrufe

Qullamaggie on You Can Scalp the Small Opportunities or Swing the Big Ones “Yeah, there’s you know for swing traders - it’s just not much going on. You gotta wait for the big opportunities. You know you can scalp the small opportunities, or you can swing the big opportunities. That’s a decision you have to make.”

Qullamaggie on You Can Scalp the Small Opportunities or Swing the Big Ones “Yeah, there’s you know for swing traders - it’s just not much going on. You gotta wait for the big opportunities. You know you can scalp the small opportunities, or you can swing the big opportunities. That’s a decision you have to make.”

11,336 Aufrufe

Qullamaggie on Always being Long at Market Tops "Like the thing is for me, I'm always going to be long at the top. I will always be long at the top. I do not anticipate where the top is going to be. I sell on the downside when it starts violating the moving averages. I will always be long at the top.”

Qullamaggie on Always being Long at Market Tops "Like the thing is for me, I'm always going to be long at the top. I will always be long at the top. I do not anticipate where the top is going to be. I sell on the downside when it starts violating the moving averages. I will always be long at the top.”

20,984 Aufrufe

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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.”

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.”

29,824 Aufrufe • vor 6 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.”

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.”

138,257 Aufrufe • vor 4 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.”

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.”

46,696 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.”

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.”

98,554 Aufrufe • vor 5 Monaten

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.”

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.”

75,591 Aufrufe • vor 4 Monaten

Qullamaggie on Doubling His Million Dollar Trading Account “But you can double a big account too. In a good year I started the year with 3.5 million and I’m up like 25 million on the year. So you can double, triple, quadruple a big account too. I can’t see a problem why I can’t double the current account size. You just need to have good setups and confidence in those setups. And experience — you also need experience to know when to push and when to take a step back. It takes time. I’ve been doing this for nine years now. It’s not gonna happen — you’re not gonna get it in the first couple of years. If you make money in the first couple of years, you’re pretty lucky or you’re very good.”

Qullamaggie on Doubling His Million Dollar Trading Account “But you can double a big account too. In a good year I started the year with 3.5 million and I’m up like 25 million on the year. So you can double, triple, quadruple a big account too. I can’t see a problem why I can’t double the current account size. You just need to have good setups and confidence in those setups. And experience — you also need experience to know when to push and when to take a step back. It takes time. I’ve been doing this for nine years now. It’s not gonna happen — you’re not gonna get it in the first couple of years. If you make money in the first couple of years, you’re pretty lucky or you’re very good.”

31,641 Aufrufe • vor 1 Monat

Qullamaggie on Eliminate Randonmess by Focusing On Momentum, Volume, and Range “CRNC uh no, no no no. It’s definitely not a good short setup. No no no, nope nope, nope nope nope nope. It’s too random, it’s too random. It’s a thin uh, it’s a thin random stock. Nope, I don’t think it’s a good short. Like we got the good short setups guys. The good short setups have already been like, you don’t get them all the time. Like it doesn’t mean this thing can’t go down, but the good short setups we got them like earlier this week and late last week. This is not, this is just too random. It’s just a random liquid stock. You know one thing you gotta eliminate for trading is randomness. Stop trading random stocks. You need to focus on stocks that have range and volume, momentum range and volume. I don’t think CRNC is a good one. Good one I don’t think so. Yeah no problem. I’m just trying to keep people away from these random stocks where we sometimes they can look good but there’s really no edge there, they’re just too random. And then you know, a lot of people like they see a setup but just because you see a setup doesn’t mean it’s a good one. You kinda need to get the right setup in the right stocks. I guess that’s what I’m trying to say.”

Qullamaggie on Eliminate Randonmess by Focusing On Momentum, Volume, and Range “CRNC uh no, no no no. It’s definitely not a good short setup. No no no, nope nope, nope nope nope nope. It’s too random, it’s too random. It’s a thin uh, it’s a thin random stock. Nope, I don’t think it’s a good short. Like we got the good short setups guys. The good short setups have already been like, you don’t get them all the time. Like it doesn’t mean this thing can’t go down, but the good short setups we got them like earlier this week and late last week. This is not, this is just too random. It’s just a random liquid stock. You know one thing you gotta eliminate for trading is randomness. Stop trading random stocks. You need to focus on stocks that have range and volume, momentum range and volume. I don’t think CRNC is a good one. Good one I don’t think so. Yeah no problem. I’m just trying to keep people away from these random stocks where we sometimes they can look good but there’s really no edge there, they’re just too random. And then you know, a lot of people like they see a setup but just because you see a setup doesn’t mean it’s a good one. You kinda need to get the right setup in the right stocks. I guess that’s what I’m trying to say.”

12,810 Aufrufe • vor 18 Tagen

Qullamaggie on The Smaller Your Trading Account, The More You Should Look for Smaller Moves and Compound “If I had a smaller account, I would be looking for smaller moves and making more trades and compounding that way. Like at this point, I’m a home run trader. I don’t care for pennies. I want the big trades, and they don’t come often—they don’t come around too often. So if you have a smaller account, you need to be more aggressive.”

Qullamaggie on The Smaller Your Trading Account, The More You Should Look for Smaller Moves and Compound “If I had a smaller account, I would be looking for smaller moves and making more trades and compounding that way. Like at this point, I’m a home run trader. I don’t care for pennies. I want the big trades, and they don’t come often—they don’t come around too often. So if you have a smaller account, you need to be more aggressive.”

23,763 Aufrufe • vor 1 Monat

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.”

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.”

78,407 Aufrufe • vor 5 Monaten

Qullamaggie on If You Don’t Have 20% Drawdowns You Won’t Have Explosive Returns “10 to 20% drawdown—yeah, that’s normal. Guys, I’m gonna break something to you: if you don’t have twenty percent drawdowns now and then, you won’t have explosive returns. I’m just gonna put it out there. You have to find the sweet spot between drawdowns and returns.”

Qullamaggie on If You Don’t Have 20% Drawdowns You Won’t Have Explosive Returns “10 to 20% drawdown—yeah, that’s normal. Guys, I’m gonna break something to you: if you don’t have twenty percent drawdowns now and then, you won’t have explosive returns. I’m just gonna put it out there. You have to find the sweet spot between drawdowns and returns.”

45,826 Aufrufe • vor 3 Monaten

Qullamaggie on Focus on Top 100 Momentum Stocks, Don't Look At Anything Else “Yeah, exactly. You don’t yeah—focus on the top hundred stocks, top hundred liquid uh, momentum stocks. You don’t even have to look at anything else. That’s where you get the best longs, and that’s where you get the best shorts. It took me so long to learn this. I’m ashamed—it took me like eight, nine… eight, nine… ten years to—oh, maybe not ten, seven… eight years for me to realize it. I was also all over the place for years and years. You think something looks good, but look—if it’s not a momentum leader, it’s probably a waste of time.”

Qullamaggie on Focus on Top 100 Momentum Stocks, Don't Look At Anything Else “Yeah, exactly. You don’t yeah—focus on the top hundred stocks, top hundred liquid uh, momentum stocks. You don’t even have to look at anything else. That’s where you get the best longs, and that’s where you get the best shorts. It took me so long to learn this. I’m ashamed—it took me like eight, nine… eight, nine… ten years to—oh, maybe not ten, seven… eight years for me to realize it. I was also all over the place for years and years. You think something looks good, but look—if it’s not a momentum leader, it’s probably a waste of time.”

48,969 Aufrufe • vor 3 Monaten

Qullamaggie on Minervini Promoting Services “Minervini yeah. He’s promoting his services really hard. His books and services now. I think his books are decent. But when he starts tweeting about these thin stocks on Twitter, it kind of makes you think: is he even trading or is he just promoting? Selling books and making, you know, conferences. Making money that way. Because some of - a lot of the stocks he mentions are not even tradeable. And he’s tweeting them out to his tens of thousands of followers. I don’t know how many followers he has. I haven’t followed him for a while. I used to follow him. Uh Mark Minervini. He has 128 thousand followers. Yeah, that’s disgusting. And so he tweets out this. Let’s look at his tweets. If he has pumped any microcaps lately, hmm, CLGN. What’s this, yeah? So this one he, uh, tweeted about 2 days ago. You can’t even trade this shit. Like, what the f*ck is he doing? Is he trading a 10,000 dollar account? What the f*ck? I don’t know. He’s a sketchy dude. I think his book is great, but man, he should have no business tweeting about these thin stocks. Yeah, CLGN, exactly disgusting. Fucking disgusting, what is this TELA? Look at this thing it’s traded 3.9 thousand shares so far today. And he’s tweeting out these things. How do you even trade this thing? He was tweeting about stuff like AMD on a day like here, on oh, look at AMD’s breaking out. This is like an ultra liquid stock. But you know, when you tweet out something like this, I mean, I could make this thing double in five minutes if I wanted to. I could literally make this thing double if I use my intra-day margin. And he’s tweeting this thing out to his hundreds of thousands of followers. Really disgusting, Yeah. I was in his room. I took the trial, yeah. They’re super expensive. I guess that’s what happens if you don’t make money from trading. You know, you gotta sell. You gotta promote yourself. Exactly the same thing Tim Sykes is doing. They make no money from trading. But you know, it’s risk-free, right? You don’t have to take any trading risk. Just have to promote your stuff and you know, it’s kind of predictable income, I guess.”

Qullamaggie on Minervini Promoting Services “Minervini yeah. He’s promoting his services really hard. His books and services now. I think his books are decent. But when he starts tweeting about these thin stocks on Twitter, it kind of makes you think: is he even trading or is he just promoting? Selling books and making, you know, conferences. Making money that way. Because some of - a lot of the stocks he mentions are not even tradeable. And he’s tweeting them out to his tens of thousands of followers. I don’t know how many followers he has. I haven’t followed him for a while. I used to follow him. Uh Mark Minervini. He has 128 thousand followers. Yeah, that’s disgusting. And so he tweets out this. Let’s look at his tweets. If he has pumped any microcaps lately, hmm, CLGN. What’s this, yeah? So this one he, uh, tweeted about 2 days ago. You can’t even trade this shit. Like, what the fck is he doing? Is he trading a 10,000 dollar account? What the fck? I don’t know. He’s a sketchy dude. I think his book is great, but man, he should have no business tweeting about these thin stocks. Yeah, CLGN, exactly disgusting. Fucking disgusting, what is this TELA? Look at this thing it’s traded 3.9 thousand shares so far today. And he’s tweeting out these things. How do you even trade this thing? He was tweeting about stuff like AMD on a day like here, on oh, look at AMD’s breaking out. This is like an ultra liquid stock. But you know, when you tweet out something like this, I mean, I could make this thing double in five minutes if I wanted to. I could literally make this thing double if I use my intra-day margin. And he’s tweeting this thing out to his hundreds of thousands of followers. Really disgusting, Yeah. I was in his room. I took the trial, yeah. They’re super expensive. I guess that’s what happens if you don’t make money from trading. You know, you gotta sell. You gotta promote yourself. Exactly the same thing Tim Sykes is doing. They make no money from trading. But you know, it’s risk-free, right? You don’t have to take any trading risk. Just have to promote your stuff and you know, it’s kind of predictable income, I guess.”

55,876 Aufrufe • vor 4 Monaten

Qullamaggie on Tim Sykes “Yeah, watch Kristjan buy his new Lambo. I hate that kind of marketing, that would attract all the wrong type of people. I don’t want the wrong type of people here who think they can turn a thousand-dollar account into $100,000 in six months. I don’t want to do any of that Tim Sykes bullsh*t. Because I don’t need any subscription fees to pay my bills; I’m a trader. I don’t really give a shit if I have 30 viewers or 3,000 viewers. For me, it’s quality over quantity. I’d rather have 50 quality viewers on my stream than 500 idiots, if you know what I mean.”

Qullamaggie on Tim Sykes “Yeah, watch Kristjan buy his new Lambo. I hate that kind of marketing, that would attract all the wrong type of people. I don’t want the wrong type of people here who think they can turn a thousand-dollar account into $100,000 in six months. I don’t want to do any of that Tim Sykes bullsh*t. Because I don’t need any subscription fees to pay my bills; I’m a trader. I don’t really give a shit if I have 30 viewers or 3,000 viewers. For me, it’s quality over quantity. I’d rather have 50 quality viewers on my stream than 500 idiots, if you know what I mean.”

49,662 Aufrufe • vor 4 Monaten

Qullamaggie speaks on Minervini VCP Pattern vs. Higher Lows "VCP pattern. It’s another name for tightening range. You know what it stands for: volatility constriction pattern. I call it higher lows and just tightening. This is what Mark Minervini does. Look at the first drawdown, 34%. The next pullback, 24%. This third pullback, 16%. That's called a VCP pattern. And then this breakout of the pattern. I made it a little bit simpler. I call it higher lows tightening range. You don’t need to put fancy words behind simple concepts. Boom, no need to pay out four thousand bucks for his trading seminar. His books are great, though."

Qullamaggie speaks on Minervini VCP Pattern vs. Higher Lows "VCP pattern. It’s another name for tightening range. You know what it stands for: volatility constriction pattern. I call it higher lows and just tightening. This is what Mark Minervini does. Look at the first drawdown, 34%. The next pullback, 24%. This third pullback, 16%. That's called a VCP pattern. And then this breakout of the pattern. I made it a little bit simpler. I call it higher lows tightening range. You don’t need to put fancy words behind simple concepts. Boom, no need to pay out four thousand bucks for his trading seminar. His books are great, though."

95,160 Aufrufe • vor 10 Monaten

Qullamaggie on Your Account Grows Fast Once You Master Trading “Once you become good at trading, you can grow your account so fucking fast. You won’t believe how quickly you can grow your accounts, especially if you figure out how to scale your trading. Which is no problem if you focus on swing trading. You can reach like 10 million, very quickly. Once you figure trading out. Yeah absolutely, it doesn’t matter if the markets are good or bad; the markets are good most of the time, and that’s not an excuse.”

Qullamaggie on Your Account Grows Fast Once You Master Trading “Once you become good at trading, you can grow your account so fucking fast. You won’t believe how quickly you can grow your accounts, especially if you figure out how to scale your trading. Which is no problem if you focus on swing trading. You can reach like 10 million, very quickly. Once you figure trading out. Yeah absolutely, it doesn’t matter if the markets are good or bad; the markets are good most of the time, and that’s not an excuse.”

41,193 Aufrufe • vor 4 Monaten

Qullamaggie shows His First Run to 100k "Interested in the first run up to 200k,? No, to 100k. Want to see how large your spurts were? OK. So, let's see here. Yeah, it's kind of hard to see. But yeah, I went from about 43,000 to 100,000 in just three months, I think. Yeah, that was in a straight line. I went in a straight line to 135,000. So, I pretty much quadrupled my account. No, tripled my accounts in about three months back in early 2014. And then I shorted PLUG. And I kind of lost... That was my biggest loss back then. I think I lost like 35,000, 40,000. I'm gonna show you guys where I lost. That was my first big loss that I remember. I felt really shitty about it. I'm gonna move it. On this day here, or was... Yeah, on this day here, March 10, 2014. I think I lost about 30% of my account or 25% of my account shorting this thing. Then it crashed. I don't think I made many money that day. I don't think I had borrows or... There was something. But I do remember on this day here... These two days when it stopped bounce about 50% in two sessions. I made most of that big loss back. And after that, it was pretty much straight up again. As you can see on the chart, it's pretty much straight up. And the next big loss came back in October 2014 where I lost, I think I lost 50% of my money that day. Or close to. No, wait, I think it was... Anyway, I think it was 30 or 40% or something. I don't remember. Yeah, it's kind of hard to see. Yeah, up to 100k, 43k to 100k was pretty smooth. But yeah, I don't have the data. You know, the data from 2011, 2012 and 2013. Like back in 2011 and 2012, I blew up like three or four times. Unfortunately, I don't have the data for it. I didn't keep any records. And 2013, I kind of stabilized. I think I went sideways. And the second half of 2013 is when I started making money. I think my accounts went from like 6 or 8,000 to 43,000 in the last six months of 2013"

Qullamaggie shows His First Run to 100k "Interested in the first run up to 200k,? No, to 100k. Want to see how large your spurts were? OK. So, let's see here. Yeah, it's kind of hard to see. But yeah, I went from about 43,000 to 100,000 in just three months, I think. Yeah, that was in a straight line. I went in a straight line to 135,000. So, I pretty much quadrupled my account. No, tripled my accounts in about three months back in early 2014. And then I shorted PLUG. And I kind of lost... That was my biggest loss back then. I think I lost like 35,000, 40,000. I'm gonna show you guys where I lost. That was my first big loss that I remember. I felt really shitty about it. I'm gonna move it. On this day here, or was... Yeah, on this day here, March 10, 2014. I think I lost about 30% of my account or 25% of my account shorting this thing. Then it crashed. I don't think I made many money that day. I don't think I had borrows or... There was something. But I do remember on this day here... These two days when it stopped bounce about 50% in two sessions. I made most of that big loss back. And after that, it was pretty much straight up again. As you can see on the chart, it's pretty much straight up. And the next big loss came back in October 2014 where I lost, I think I lost 50% of my money that day. Or close to. No, wait, I think it was... Anyway, I think it was 30 or 40% or something. I don't remember. Yeah, it's kind of hard to see. Yeah, up to 100k, 43k to 100k was pretty smooth. But yeah, I don't have the data. You know, the data from 2011, 2012 and 2013. Like back in 2011 and 2012, I blew up like three or four times. Unfortunately, I don't have the data for it. I didn't keep any records. And 2013, I kind of stabilized. I think I went sideways. And the second half of 2013 is when I started making money. I think my accounts went from like 6 or 8,000 to 43,000 in the last six months of 2013"

61,148 Aufrufe • vor 6 Monaten

Qullamaggie's opening range highs / opening range break concept was dervied from fund manager Toby Crabel. Qullamaggie talked about him in a stream once - "I got opening range highs concept from this fund manager who made a billion dollars just trading opening range highs. Toby Crabel I think was his name." Pradeep Bonde / Stockbee, Qullamaggie's mentor also has multiple tweets and threads on Crabel. Crabel's book "Day Trading With Short Term Price Patterns and Opening Range Breakout" sells for multiple $100s, sometimes thousands online in used and new conditions. One of the most expensive trading books out there for good reason. Here are a few great takeaways from his work: "A cumulative total of Gross Profits for the contraction patterns vs. expansion patterns on trades in the direction of the move off the open showed $710,000 for contractions on 7,313 trades and $102,000 for expansions on 7,524 trades. Profits were 7x larger for ORB trades after contractions than expansions." - Crabel "In general the earlier in the session the entry is taken the better the chance for success. In fact, the ideal is an entry within the first ten minutes of the session. In that case an immediate continuation in the direction of the breakout is likely." - Crabel "The Contraction/Expansion Principle states that the market is constantly changing from a period of movement to a period of rest and back to a period of movement. This interchange between the phases of motion and rest is constantly taking place.” - Crabel In summary, data backs that breakouts and range expansions follow periods of low volatility. The earlier we can take our trades the greater the probabilities, the lower the risk and thus greater the profits. And the market continuously operates on the backbone of this compression into expansion principle. Allowing us as traders to net profits by trading out of tight patterns, preferably on stocks with a reason to go up - whether it be fundamentals, a theme or story, or a news catalyst. And utilizing opening range highs on gap ups for example to have tight stops and big winners that negate losers and leave us with net R (profits).

Qullamaggie's opening range highs / opening range break concept was dervied from fund manager Toby Crabel. Qullamaggie talked about him in a stream once - "I got opening range highs concept from this fund manager who made a billion dollars just trading opening range highs. Toby Crabel I think was his name." Pradeep Bonde / Stockbee, Qullamaggie's mentor also has multiple tweets and threads on Crabel. Crabel's book "Day Trading With Short Term Price Patterns and Opening Range Breakout" sells for multiple $100s, sometimes thousands online in used and new conditions. One of the most expensive trading books out there for good reason. Here are a few great takeaways from his work: "A cumulative total of Gross Profits for the contraction patterns vs. expansion patterns on trades in the direction of the move off the open showed $710,000 for contractions on 7,313 trades and $102,000 for expansions on 7,524 trades. Profits were 7x larger for ORB trades after contractions than expansions." - Crabel "In general the earlier in the session the entry is taken the better the chance for success. In fact, the ideal is an entry within the first ten minutes of the session. In that case an immediate continuation in the direction of the breakout is likely." - Crabel "The Contraction/Expansion Principle states that the market is constantly changing from a period of movement to a period of rest and back to a period of movement. This interchange between the phases of motion and rest is constantly taking place.” - Crabel In summary, data backs that breakouts and range expansions follow periods of low volatility. The earlier we can take our trades the greater the probabilities, the lower the risk and thus greater the profits. And the market continuously operates on the backbone of this compression into expansion principle. Allowing us as traders to net profits by trading out of tight patterns, preferably on stocks with a reason to go up - whether it be fundamentals, a theme or story, or a news catalyst. And utilizing opening range highs on gap ups for example to have tight stops and big winners that negate losers and leave us with net R (profits).

53,950 Aufrufe • vor 6 Monaten

Qullamaggie on The Problem with Pradeep's Methods “That’s the problem with Pradeep’s method. Like, not every stock is created equal, okay? This is why I use ADR. Like something like NET would be considered a breakout. It’s up more than 4%. Its ADR is 5%, so this would be less than its ADR. But you buy something like Citibank. Citigroup, when this thing is up 4%. A 4% move for something like this would be very rare. It’s almost two times ADR. Okay, like you can’t put a hard rule like oh, 4%, because it’s gonna be very different. You’re gonna have very different outcomes on different types of stocks. Like on a slow-moving stock, which you should never trade to begin with. You buy a 4% breakout, you’re chasing big time. I don’t like the 4% rule. And EP too, like EP doesn’t necessarily have to be 10% all the time. Sometimes it can be less. But again, it depends on the stock. If it’s a slower-moving like large or mega cap stock, an EP can be less than 10% gap up, like something like JD. This was like a hybrid of EP and breakout back in August, which I bought size. Like this thing only gapped up like 4 or 5%, but it was still an earning EP / breakout. Because it was a slower moving mega cap stock. Yes exactly, it’s all relative.”

Qullamaggie on The Problem with Pradeep's Methods “That’s the problem with Pradeep’s method. Like, not every stock is created equal, okay? This is why I use ADR. Like something like NET would be considered a breakout. It’s up more than 4%. Its ADR is 5%, so this would be less than its ADR. But you buy something like Citibank. Citigroup, when this thing is up 4%. A 4% move for something like this would be very rare. It’s almost two times ADR. Okay, like you can’t put a hard rule like oh, 4%, because it’s gonna be very different. You’re gonna have very different outcomes on different types of stocks. Like on a slow-moving stock, which you should never trade to begin with. You buy a 4% breakout, you’re chasing big time. I don’t like the 4% rule. And EP too, like EP doesn’t necessarily have to be 10% all the time. Sometimes it can be less. But again, it depends on the stock. If it’s a slower-moving like large or mega cap stock, an EP can be less than 10% gap up, like something like JD. This was like a hybrid of EP and breakout back in August, which I bought size. Like this thing only gapped up like 4 or 5%, but it was still an earning EP / breakout. Because it was a slower moving mega cap stock. Yes exactly, it’s all relative.”

43,005 Aufrufe • vor 4 Monaten

Qullamaggie on If You Don't Make 100% a Year, You're Bad at Trading “A realistic goal - well since 2013 I’ve averaged over 200%. Like if you are a short-term trader, if you are a full-time trader, it’s like Mark Minervini says. If you don’t make at least 100%, you’re sh*t and I agree. Like if you’re a full-time short-term trader, if you’re a day trader or swing trader, if you don’t make 100% at least, you’re pretty bad. And those guys who are aiming for annual returns of 20% while being active traders, they’re like the turds of the turds. Like 20% if you’re an investor, that’s pretty good. But if you’re a short-term trader, you’re just—you know, get a real job really.”

Qullamaggie on If You Don't Make 100% a Year, You're Bad at Trading “A realistic goal - well since 2013 I’ve averaged over 200%. Like if you are a short-term trader, if you are a full-time trader, it’s like Mark Minervini says. If you don’t make at least 100%, you’re sh*t and I agree. Like if you’re a full-time short-term trader, if you’re a day trader or swing trader, if you don’t make 100% at least, you’re pretty bad. And those guys who are aiming for annual returns of 20% while being active traders, they’re like the turds of the turds. Like 20% if you’re an investor, that’s pretty good. But if you’re a short-term trader, you’re just—you know, get a real job really.”

42,446 Aufrufe • vor 4 Monaten

Qullamaggie on Mysteries Around Minervini “How does Minervini trade PSMT? You tell me. He’s been trading for 40 years and he’s had, according to him himself, incredible returns. He also wrote two really good books about trading, that I recommend to everyone. I don’t think he’s a scam. But yeah, how does he? With the returns he’s had, he probably should trade like a 500 million dollar account. And yet he posts these thin piece of sh*t names on Twitter. There’s something wrong, something is wrong. I don’t know what. Maybe an ex-wife took all his money and he had to restart. I don’t know; something is very wrong. Mysteries of life.”

Qullamaggie on Mysteries Around Minervini “How does Minervini trade PSMT? You tell me. He’s been trading for 40 years and he’s had, according to him himself, incredible returns. He also wrote two really good books about trading, that I recommend to everyone. I don’t think he’s a scam. But yeah, how does he? With the returns he’s had, he probably should trade like a 500 million dollar account. And yet he posts these thin piece of sh*t names on Twitter. There’s something wrong, something is wrong. I don’t know what. Maybe an ex-wife took all his money and he had to restart. I don’t know; something is very wrong. Mysteries of life.”

37,264 Aufrufe • vor 4 Monaten