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Qullamaggie on Minervini’s 18,000 Chart Database “Wait, Minervini has an 18,000-page chart database on paper? Guys, that’s what you have to do. I think 18,000 may be a bit overkill, and especially on paper. But if you have like one note or ever note or something like that, there’s...

43,557 Aufrufe • vor 10 Monaten •via X (Twitter)

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Qullamaggie on The Only Way to Build Confidence in Trading “It was a combination of studying the patterns. What I did was I built a database in Evernote, which is pretty much a note-taking software. I took screenshots of all the setups before and after, both on the daily and intraday time frames, just to look at what a good setup looks like—at the start of the move or before the move, when it starts breaking out, and then a few weeks or a few months after. How does it act? I looked at all these variations, and that’s how I built the confidence. I started trading the setup myself too, and I saw some success. It felt like I was always improving. I was always learning a new variation or something new, so that’s really how I build the confidence. I say it on my stream too—like everyone should do it. Whatever setup you stumble upon and you want to trade it, backtest it. Look through hundreds if not thousands of examples of that setup, build a database, and go through that database once in a while. Just scroll through it. That’s how you memorize this. It’s all about pattern recognition really. Trading is all about pattern recognition. It could be just purely technical, and you can also combine it with fundamentals. Like I do, I also look at the theme—what’s the theme, what’s the earnings, revenues. I look at the news overall, like what’s driving the stock. So I found some similarities there too. It’s the same things that have worked for 100 years really. That’s how you build the confidence. That’s how you do it—there’s no other way.”

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Qullamaggie on Trading Coaches and Don’t Spend Time Solving Problems You Don’t Have “Is a trading coach a good idea? No, it’s a waste of time. Trading coach—who the hell is there such a thing? It’s all a waste of time guys, guys stop it. You don’t need a fucking trading psychologist. You don’t need a stupid fucking trading coach. Fuck off, no, guys stop it bullshit. No, your problems stem from not having a setup. That’s what your problems are. If you have discipline problems or this or that, it comes from you not having a setup. You don’t know how to implement a setup. You don’t know when to trade it and when not to trade it. That’s what your focus should be on, okay? Your focus should be on studying setups and owning a setup like, let’s say you have watched my streams for a while and you’re like oh, this breakout setup he keeps talking about a lot and recommending, maybe I should study this thing, maybe I should spend a couple of hundred hours going back looking at hundreds of stocks, go back a few decades and then you look for all of these variations of that setup, like you confirm it. Is this a real thing okay? And then you look at it, what should I do, where should I put my stop, what kind of exit rules should I have? Like I know Kristjan recommends a 10 and 20 but if I use maybe the exponential moving average, this and that, maybe I oh I think this works a bit better than what Kristjan recommends. Hey I’ll use this instead or hey I think the 10 and 20 work fine. And then you start looking at okay what type of market environments do most of these setups happen? When do these things break out and have the best follow through? I know Kristjan has been talking about trying to you know avoiding buying breakouts when the 10 days sloping lower, the 20 days sloping lower, and the 10 days below the 20 day. Most of the time when the 10 day if you look at the major index like Nasdaq when the 10 days sloping lower, the 20 days sloping lower and the 10 days below the 20 days most of that time you don’t get many setups and if you get them they usually fail. Hey okay so now I know what setup to trade, where to put my stop, where to exit, where to take profits, I know what kind of market environments to trade this setup. Hey look at that, I don’t need to pay that scammy trading coach or trading psychologist a bunch of money to help me solve issues I didn’t have to begin with. Look at that.”

Lone

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Qullamaggie on It’s The Same Thing Over and Over Again “Just the same patterns over. Just look at the stocks I’m in right. NVDA, I bought it last week, okay? Very simple big momentum stock. Look at the pattern; what is it? You see this? You see the pattern I bought it here. NIO, I bought it a couple of days ago. What’s the pattern right? You see it; you see it? I bought it on this day here, like somewhere here. Right. LVGO, what’s the pattern? Okay, I bought it here, so it was a little bit of a chase. FSLY, I bought it here; what’s the pattern? You see this? DDOG, where did I buy it? I bought it here. This wasn’t a clean one, but it was showing relative strength. But again, same patterns. You see higher lows Zillow. I bought it here; I also bought it here initially. The same patterns over and over again. There’s absolutely no rocket science involved. Anyone who’s tried to sell you rocket science; you know just unfollow them and run the other way. They’re all frauds; they don’t make any money. Same thing you know. These simple patterns, triangles, channels, high tide flags. We bought TSLA; right? Same thing. I bought Tesla here, right? Same thing. I’ve also bought Tesla down here. Same thing; this is the same patterns over and over again. All you have to do to succeed in the stock market is don’t be a f*ckimg retard, really. I mean really. That’s all you have to do. You don’t need any intelligence to make tens of millions. All you need to know is risk management, portfolio management, and these patterns. And then you have to have the power when the market is bad. That’s all you need. You literally need five things. And yes, the crowd strike—where did I buy it? I bought it here. see the pattern? I bought it here or was it here. I don’t remember well. I do you know; same thing over and over again.”

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18,024 Aufrufe • vor 9 Monaten

𝗤 𝘀𝗵𝗼𝘄𝗶𝗻𝗴 𝘁𝗵𝗲 𝗯𝗮𝘀𝗶𝗰 𝗺𝗼𝗺𝗲𝗻𝘁𝘂𝗺 𝗽𝗮𝘁𝘁𝗲𝗿𝗻𝘀. It's just these simple patterns. I talk about it all the time. These channels, like you have a big momentum stock, goes up a lot, builds a channel. You have a big momentum stock, it builds a channel this way. You have a big momentum stock, it maybe does something like this with higher lows. You have a big momentum stock, it maybe goes up a lot and then maybe does something like this. These triangles and channels. High-tight flags. It's the same patterns over and over again. It doesn't matter if you learn them from Minervini, Dan Zanger, it's the same things, or Stockbee, right? It's the same things over and over. It's just so easy. You just need to train your brain to see these patterns on the strongest stocks. That's the key. The strongest stocks, 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 that happens to have a good chart pattern. I get these every day, people are posting and asking me about them. It has to be a momentum leader. Just the same patterns over... just look at the stocks I'm in, right? NVDA, I bought it last week, okay? Very simple. A big momentum stock, look at the pattern. What is it? Do you see this? Do you see this pattern? I bought it here. NIO, I bought it a couple of days ago. What's the pattern, right? Do you see it? I bought it on this day here, like somewhere here, right? LVGO, what's the pattern? Okay, I bought it here, so it was a little bit of a chase. FSLY, I bought it here. What's the pattern? You see this? DDOG, where did I buy it? I bought it here. This wasn't a clean one, but it was showing relative strength. But again, same patterns. You see higher lows and Z, I bought it here. I also bought it here initially. The same patterns over and over again. There's absolutely no rocket science involved. Anyone who's trying to sell you rocket science, just unfollow them and run the other way. They're all frauds. They don't make any money. Same thing, these simple patterns: triangles, channels, high-tight flags. We bought TSLA here, right? Same thing. I bought TSLA here, right? Same thing. I also bought TSLA down here. Same thing. This is just the same patterns over and over again. All you have to do to succeed in the stock market is don't be a fucking retard. Really. I mean, really. That's all you have to do. You don't need any intelligence to make tens of millions. All you need to know is risk management, portfolio management, and these patterns. And then you need to have sit-out power when the market is bad. That's all you need. You literally need five things. And yes, CRWD... where did I buy it? On this day here. You see the pattern. LAC, I bought it here. You see the pattern. I bought it here, or was it here? I don't remember. One of... the same thing over and over again. Exactly, the big... yeah, exactly. All the... Zanger, Jesse Livermore, Darvas, Ruppel, O'Neil... exactly, it's the same thing. They're all momentum traders. They trade these momentum stocks, relative strength stocks, the stocks that funds are dying to get in, okay? You want the stocks that the funds want to buy, okay? The funds leave footprints, the big institutions, they leave footprints. Your job is to sniff out the stocks the funds are buying. You don't want some piece-of-shit random stock. You're never going to make money over time. You want buyers coming in after you.

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