Thread by @inninuM

GBTC was probably @Qullamaggie biggest intraday trade in 2017

He made over $135,000 in a single day (about 10% of his account)

$100,000+ of this was from the GBTC trade

Here's the 1.5-month run-up and how it played out intraday

👇

@Qullamaggie The intraday trade didn't happen overnight (no pun intended)

📅 He played this both long and short in the previous months, and on Nov 29th, he had his biggest trade to date (parabolic short).

📈 GBTC topped out on Dec 19th, up almost 400% since his first entry! 🚀

@Qullamaggie I don't know if he played the parabolic short setup which had developed, but I suspect he didn't as he didn't mention it anywhere

But it set up an absolute monster mean reversion long

GBTC opened up 60% lower on day 4 (with a gap down!)

⭐⭐⭐⭐⭐⭐-setup

@Qullamaggie He pyramided in and got a $1223 average ( $13.44)

He put around 20% of his account into this trade, and his max risk was ~5% (or 1% of his account) 💸

⏱️ 50 minutes after his entries, he was up over $100,000

🚀 Or 10% of his account! 💥📈💰

@Qullamaggie Zooming in we can see just how perfect his entries are

I've heard him say over and over again say "Just enter on the first 1- or 5-minute green bar"

He makes it sound easy, but I guess we shouldn't be surprised given how much money he has made using that rule

@Qullamaggie I learned a lot studying this trade and will share the lessons I learned later! 💪📚📝

Have you studied this trade? What were your takeaways? 👇

@Qullamaggie Let me know if you find these posts useful by liking and retweeting the first tweet! 🌟💙🔁

If you wanna do similar studies yourself, you should check out the Qullamaggie data and research bundle. 📊🔍

🕒 It will save you hundreds of hours of research and enable you to focus on studying, not data gathering 📚💡