James Muninn Profile picture
May 9, 2023 β€’ 21 tweets β€’ 7 min read β€’ Read on X
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

πŸ‘‡

PS: His own review is at the end Image
LESSON #1:
Chart patterns doesnt have to be perfect to enter 🌟

Qullamaggie entered this trade on a fundamental story and positive price action intradayπŸ“ˆ Image
LESSON #2
There are stocks with unlimited upside

Add to your winners if you can πŸš€ Image
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 πŸ” Image
#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 🐟 Image
#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" Image
LESSON #6
You're a trader. Not an investor.

But a fundamental thesis can help your trade πŸ“š Image
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. πŸ‘¨β€πŸŽ“ Image
LESSON #8
You have to learn from your mistakes. Especially if you're trading to the short side πŸ“‰ Image
Hey! We are half way through!

Who said learning couldnt be fun? πŸ₯³
LESSON #9
Plan your trade

Prepare your trade

Execute your trade Image
LESSON #10
Dont change your opinion before the market tells you to change it πŸ‘¨β€πŸ« Image
LESSON #11
Parabolic moves are easily spotted. If you have to ask, its not a parabolic move Image
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 Image
LESSON #13
Take a vacation πŸ– Image
LESSON #14
Long trades has unlimited upside, and limited downside

Short trades has unlimited downside and limited upside Image
LESSON #15
Dont get greedyπŸ€‘

Even if you're up a lot on a trade, no need to take unnecessary risks ☎ Image
LESSON #16
Parabolic moves goes both ways

Neither are easy to nail πŸ‘¨β€πŸŽ“ Image
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 πŸ‘€ Image
QULLAMAGGIES REVIEW
Here's Qullamggies own review of the trade
You can do the same study πŸ§‘β€πŸŽ“

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

πŸ‘‡

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More from @inninuM

Jun 5, 2023
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

πŸ‘‡ Image
@Qullamaggie The intraday trade didn't happen overnight (no pun intended)

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

πŸ“ˆ GBTC topped out on Dec 19th, up almost 400% since his first entry! πŸš€ Image
@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 Image
Read 8 tweets
May 24, 2023
That could've, would've, should've feeling when you see stocks go without you?πŸš€

It's not going awayπŸ™…β€β™‚οΈ

BLDP was a textbook theme stock and made a 600% move after Qullamaggie first entry in Oct '19

He missed most of the gains

37 lessons I learned from this tradeπŸ‘£ πŸ‘‡ Image
1️⃣ IDENTIFY THEMES

A 3-star setup in a πŸ”₯ hot theme is better than a 5-star setup in a ❄️ cold theme ⭐️

If you identify a hot theme early, you can take some speculative trades πŸ’ͺπŸ“ˆ
2️⃣ TRADE LOW LIQUIDITY STOCKS

For most of us, πŸ’° liquidity shouldn't be an issue πŸ”„

Don't handicap yourself by only trading super liquid stocks πŸ“Š

Use your small account to your advantage πŸ’ͺπŸ’Ό Image
Read 40 tweets
May 15, 2023
SE was Qullamaggie's biggest trade so far in his career when he took it in May 2020 πŸ’°

It is incidentally also one of the positions he has held the longest ⏳

Here's 17 things I learned by reviewing it play-by-play πŸ‘‡ Image
1️⃣ BUYERS LEAVES CLUES:

When institutions leave monster clues πŸ•΅οΈβ€β™‚οΈπŸ”, two bullish hammer candles in this case, you have to take note and prepare yourself to jump on the opportunity πŸš€ Image
2️⃣ A WELL REFINED ENTRY STRATEGY IS IMPORTANT:

You must have a well-refined entry strategy, so you enter without hesitation and you don't start second-guessing your decision πŸ“ˆ Image
Read 20 tweets

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