Charlie M
@traderCharlieM • 19,013 subscribers
Setups Over Friends | Study great traders and great stocks, Success Leaves Clues | I Share My Opinions, Nothing is Financial Advice
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The explosive returns traders like Kristjan Kullamägi 🇺🇦 and Martin Luk can put up don't come for free. The same volatility that drives those gains also produces drawdowns most people can't stomach. But that's a feature, not a bug. "Even the most successful traders/investors are gonna be in a drawdown most of the time. Even this year, even though I'm up at least 500%...I've spent at least half of the year in a drawdown, at least. So expecting to be peak equity all the time, its just not gonna happen. you're gonna spend most of your time in a drawdown even on a really good year. That's just how it works. You just need to realize it, and you need to accept it. Being in a drawdown is not an anomaly, its normal. Now the question is how big of a drawdown are you gonna be in...I try to limit my drawdowns to 10-15%, but sometimes they become more severe than that. I think I've had two 25-30% drawdowns this year. So drawdowns, its the nature of the game, if you wanna have big returns you are gonna have drawdowns, cause if you don't have drawdowns means you don't take any risk, and if you don't take any risk, you wont have any returns..." - Kristjan Kullamägi 🇺🇦
Charlie M24,690 views • 6 days ago
I think most underestimate how much hard work & study time Kristjan Kullamägi 🇺🇦 put in to achieve his level of success.📚 This clip covers only a sliver of it.🎥 "There is NO SUBSTITUTE for going in DEPTH, and studying different traders & different methods, you have to go in depth.."
Charlie M73,458 views • 2 years ago
"Remember, money is made in waiting for the big pitches, not trading random stuff in choppy markets." "Don't look too hard for setups, good setups should come to you, they should just scream at you, when you're looking at something it's like maybe, then it means no. Maybe means no." – Kristjan Kullamägi 🇺🇦
Charlie M27,418 views • 1 year ago
How To Trade Hard Penny Markets: "What you can do is trade the setups but sell them more aggressively. That's one way to adapt to harder markets. You can decrease your size, trade less, sell more aggressively, there's many ways of doing things. I personally prefer to just sit back and chill, wait for the easy money. I've traded hard penny markets so many times, it just ends up in frustration. Like a good market...like you're not supposed to work hard, like trading shouldn't be hard, you shouldn't be sitting there and you know, working your ass off, making trades all the time and....you should only trade a certain setup when the conditions are good for that setup. That's something I've realized over the years, I've traded so many of these choppy difficult markets and even if you make some money it was barely worth it because in a good market you will make more money in a few days than you would make in a few months in a hard penny market, so you may as well take a step back, chill, relax, you can do you some trades here and there but don't just constantly look for trades. A good setup, a good trade should be obvious, you're looking at it and you're like wow, that's an insane setup. that's how its supposed to be, you shouldn't be looking with a microscope or a telescope or whatever for trades, they should be kind of obvious, they should be screaming in your face... Now obviously it takes a lot of experience to get to that point, to know which is which. And unfortunately you will have to suffer for a few years before you get to that point, for me it took a lot of years, too many years." – Kristjan Kullamägi 🇺🇦 Full rant here: (well worth watching)
Charlie M12,407 views • 5 months ago
"Would you recommend me watch your 2019 YouTube videos...is that even a serious question? Anytime a trader, a successful trader has a lot of information out there publicly, you don't ask, you go through ALL the content. That's what I did, I went through EVERYTHING on the Stockbee blog, both his free blog and his paid site, I went through EVERY single newsletter on Dan Zanger's website, and he has newsletters from like late '90s, you don't ask, you do. You need to have that drive, if you don't have that drive, you know, if you don't have that fire inside of you, look, I'm not here to give you the fire, you need to find that fire yourself." – Kristjan Kullamägi 🇺🇦
Charlie M26,640 views • 1 year ago
"How else will you know what setup works when if you don't do the study? Most people just jump in, they follow some random people on the internet who have no clue what they're doing...how many people study, go back and actually study how stocks move, what they move on? That's your edge, you do something differently, something that 99% of other people are not willing to do and you will have different results than those people, that's the whole point." "Exactly, you get a completely new perspective, and it gives you conviction. And suddenly you won't need discipline and all these other stupid things, you don't need to be meditating 3 hours per day, and other useless trading advice. You figure out what works, well guess what, then you can use whatever works, instead of jumping into the abyss with the crowd."
Charlie M17,859 views • 1 year ago
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