Thread by @inninuM

HMNY was one of Qullamaggies best trades in 2017

He made $200,000 on the long side, and $100,000 on the short side

Here's 17 lessons I learned studying this trade

👇

PS: His own review is at the end

LESSON #1:
Chart patterns doesnt have to be perfect to enter 🌟

Qullamaggie entered this trade on a fundamental story and positive price action intraday📈

LESSON #2
There are stocks with unlimited upside

Add to your winners if you can 🚀

LESSON #3
Just because you have sold into strength doesnt mean you can't add back if you find a good buy point

Qullamaggie sold and added to his core several times 🔁

#LESSON 4
Don't be afraid to change your opionon

You have to be flexible and let the market tell you what to do. Not the other way around 🐟

#LESSON 5
Dont split your attention on too many things

"This could've been a monster trade if I had been a little faster and had a little more focus"

LESSON #6
You're a trader. Not an investor.

But a fundamental thesis can help your trade 📚

LESSON #7
One trade wont make your year. But it sure as hell can help

But you never know which trade it's gonna be. 👨‍🎓

LESSON #8
You have to learn from your mistakes. Especially if you're trading to the short side 📉

Hey! We are half way through!

Who said learning couldnt be fun? 🥳

LESSON #9
Plan your trade

Prepare your trade

Execute your trade

LESSON #10
Dont change your opinion before the market tells you to change it 👨‍🏫

LESSON #11
Parabolic moves are easily spotted. If you have to ask, its not a parabolic move

LESSON #12
Don't let the excitement for a home run get the best of you

Qullamaggie had 10,000 shares located, but never shorted more than 6,500

LESSON #13
Take a vacation 🏖

LESSON #14
Long trades has unlimited upside, and limited downside

Short trades has unlimited downside and limited upside

LESSON #15
Dont get greedy🤑

Even if you're up a lot on a trade, no need to take unnecessary risks ☎

LESSON #16
Parabolic moves goes both ways

Neither are easy to nail 👨‍🎓

LESSON #17
Finding the best entries and exits when looking at a chart in retrospect is easy

Being able to do it when the trade is developing is hard

Don't become a hindsight trader 👀

QULLAMAGGIES REVIEW
Here's Qullamggies own review of the trade

You can do the same study 🧑‍🎓

I spent several hundred hours studying Qullamaggie. I curated some of my findings in a presentation and share all the data with anyone willing to do the work

👇