Lone
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Momentum Swing and Position Trading
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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.”
Lone86,272 görüntüleme • 4 ay önce
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.”
Lone139,164 görüntüleme • 9 ay önce
Qullamaggie on Rate Hikes Being More Bullish than Bearish “And also, you should know the data, right? You should know the data. Like, there’s some, uh, you know, I don’t know, media things. Just because rates are going higher, the market should crash. That’s not true. Markets usually keep going for another six to nine months after a rate hike has begun. So, it’s actually a bullish thing, not a bearish thing.”
Lone19,543 görüntüleme • 1 ay önce
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 görüntüleme • 10 ay önce
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 görüntüleme • 8 ay önce
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 görüntüleme • 10 ay önce
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 görüntüleme • 9 ay önce
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 görüntüleme • 6 ay önce
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."
Lone95,160 görüntüleme • 1 yıl önce
Qullamaggie’s Perfect Stock - TASR (2003-2004) “Yeah, I’m going to show you the perfect stock. I’m going to show you a ticker I have in my database - TASR. Went from 35 cents to 30 bucks - almost a 100 bagger in a year. This thing had several high tight flags. Okay, pay attention now whatever you’re doing. Stop it.” Key Takeaways: - Focus on rising 10 and 20-day moving averages for momentum - High tight flag breaks: big moves up, pullback to rising moving averages, series of higher lows, potential undercuts and reclaims, tight ranges, breakout. “I just saved you four bucks and probably hours of time, you don’t need to buy this book. Boom. This is a perfect stock.”
Lone93,306 görüntüleme • 1 yıl önce
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.”
Lone27,490 görüntüleme • 3 ay önce
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.”
Lone49,875 görüntüleme • 7 ay önce
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.”
Lone56,456 görüntüleme • 9 ay önce
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.”
Lone47,129 görüntüleme • 7 ay önce
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.”
Lone23,386 görüntüleme • 3 ay önce
Qullamaggie on Best Trading Books “There’s a couple more. These are the best ones. How to Make Money in Stocks by William O’Neil. This is just so good. I think it’s a fourth edition, the latest one. It’s just timeless. If you understand this, it catches everything that makes a stock make big moves. Every bull market there are certain stocks that make huge moves. This methodology developed CANSLIM. Pretty much you look for stocks that have price momentum and earnings momentum. Pretty much the same way I trade. Well, I used to trade before the market crashed and stopped me out of everything. It’s super super good. Then Reminiscences of a Stock Operator. It’s about Jesse Livermore, one of the most famous traders of all time. There are so many timeless lessons in this book. It’s just incredibly good. And we have the Market Wizards books, which are interviews by Jack Schwager of a bunch of successful traders. There’s so many good lessons in here. I think there’s three or four of these books he’s been releasing, like every five to eight years. I recommend all of them. Yeah, Reminiscences of a Stock Operator is just so good. Kovell, Trend Following is pretty good too. I have that one in ebook format. I don’t have it in physical format but I should probably order it. Trend Following by Kovell. I agree this is a pretty good one too. There’s maybe a few more.”
Lone22,265 görüntüleme • 2 ay önce
Qullamaggie on Why to Use Low of Day as Stop Loss for Breakouts “What would the price be that invalidates the daily short range breakout? For me the only logical place is at the lows of the day. I don’t know what you’re getting at. If you have any better ideas, shoot. If the stock takes out the lows of the day that invalidates the opening range highs. Like Tesla yesterday took out the opening range highs. Let’s look at the one minute—this is one I traded. Opening range highs were like 863 something, let’s just say 864. Why would I hold it if it takes out this first green candle? Where would I put my stop if you’re not gonna use the lows of the day? What are you going to use? That’s my question.”
Lone18,522 görüntüleme • 2 ay önce
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 görüntüleme • 3 ay önce
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"
Lone61,148 görüntüleme • 11 ay önce
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.”
Lone30,814 görüntüleme • 4 ay önce