If we want to change our lives with trading we need to adapt to the market.
This article breaks down what parts of CANSLIM is still valid x.com/i/article/2105…
Weekend study results are in!
What did Qullamaggie's 89 biggest breakout entries (5R or more on the 10-day exit) have in common vs the ones which got stopped out?
1. A big move first: up 50% or more before the base
2. Then a base of a week or more
3. Bought above the 10-day
"You are not going to catch outliers with a statistical database, jerking off in an Excel file"
🤣🤣🤣
Well.. I'll have you know I'm not using excel.. I'm using Claude and Codex!
Sell rules are difficult. And individual!
Trail on the 10-day or the 20-day?
I checked both on 800+ breakouts by Market Wizard Qullamaggie
10-day: 24% winners, +1.18R per trade
20-day: 20% winners, +1.47R per trade
The 20-day wins.
Ever wondered how big of a cushion you need into earnings?
"I generally hold through earnings if I have a profit padding." Qullamaggie, April 2022.
Based on 30 entries that were still open on the 10-day exit when earnings came.
1R or less: 0 of 6 ended as winners
1 to 3R: 2
Time in hospital made me realize how fragile life can be and that we only get one shot at this
Will be going all in and adding features and much more content to the app soon
Pricing will change (naturally), but I will of course grandfather everyone whos already in
Great!
Reach out if you wanna discuss or connect!
Will be bringing some solid updates soon and will increases the pricing, so you got in at the right time!
Two takeaways from the interview with Mark Minervini:
Mark says he's "deathly afraid" of any strategy that relies on a high win rate.
He builds his own to strategy to be break even when he's right 25% of the time..
Break even for Qullamaggie based on 2020 and 2021 trades?
If you're want to make it as a swing trader, get used to being a loser
Here are Qullamaggie's Q4 2020 breakout entries, exited on the 10-day SMA
Losers last 1.3 days on average. Winners 12.
How long did it take before they were profitable?
@alphatrends - year one
full-time trader since 1991, wrote the book on anchored VWAP
@Dom_Mastro10 - 10 months
$1.7M verified, small-cap trader, mentor at Clover Trading
@Qullamaggie - 2 years
Market Wizard, blew up three
Yesterday 83% made the same call as Qullamaggie on the BILI trade..
So far only 50% has done so on this MOS-trade..
app.qullamaggiedeepdive.com/drill?v=2
💰Qullamaggie made a quarter of his career profits ($18-22 million!) in GME
‼️We often hear that "Anyone could make money trading meme-stocks". I am not convinced that is true
Do you think this was an easy trade after reviewing it play-by-play?
Sell half after 3 days, move the stop to breakeven, trail the rest on the 10-day. We've all heard Qullamaggie (and all his prodigies) say it..
I ran it on 800 breakout entries, against simply trailing everything..
Win rate: 24% → 35%
Worst drawdown: 31R → 20R
Sell into strength or let it run?
Whatever you decide comes with a side effect
This is the first data I have seen that says how big that side effect actually is 👇 x.com/i/article/2082…
Haha so wild that @veptrader lost $1.7M in KBIO
Check out his lastest video if you’re into small caps or even thinking about, to ubderstand the tail risk
So funny how @MartinShkreli made both Shark from SMB (cc: @TheOneLanceB) and @Qullamaggie pay their market tuition when he was CEO of KBIO
They both went on to become the most successful traders of our time and credits their losses on this trade for how they learned proper risk
A 25% win rate doesn't mean we win every fourth trade.
Qullamaggie says he risks 0.2% to 0.5% on most trades. Most of us were taught 1%
I ran the same trades at each size, based on his actual long entries..
Biggest drawdown:
At 0.25%: 16%
At 0.5%: 30%
At 1%: 51%
The most frequent advice we get on position sizing is a recipe for blowing up our accounts.
I looked at how Market Wizard Kristjan Qullamaggie actually sized his positions, to go from $9,000 to $105,000,000 in 10 years x.com/i/article/2091…
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