One of the most prolific swing traders:
Kristjan Kullamägi.
He turned just under $10,000 into over $80,000,000 in less than a decade.
Here are 6 key lessons from his journey:
Kristjan Kullamägi.
He turned just under $10,000 into over $80,000,000 in less than a decade.
Here are 6 key lessons from his journey:
1. Trading is a waiting game.
You need to have patience in order to make money in the markets.
Wait for your setups,
And the money will follow.
You need to have patience in order to make money in the markets.
Wait for your setups,
And the money will follow.
2. Pattern recognition is key.
He spent hours looking through previous breakout trades, even adding them to a watchlist for revisiting.
Training his brain to see the pattern instantly.
He spent hours looking through previous breakout trades, even adding them to a watchlist for revisiting.
Training his brain to see the pattern instantly.
3. Use a market filter,
It helps determine how aggressive you can be.
An easy way is by using EMA's 10 and 20 on an index such as QQQ.
It helps determine how aggressive you can be.
An easy way is by using EMA's 10 and 20 on an index such as QQQ.
4. There is an edge in having a small account.
Many times, the largest percentage moves come from illiquid stocks.
With a small account, you can capitalize on these breakouts, which typically have the largest range.
Many times, the largest percentage moves come from illiquid stocks.
With a small account, you can capitalize on these breakouts, which typically have the largest range.
5. Look for relative strength.
If a stock has a strong upside move and maintains it while the overall market goes down,
You know you have a winner.
If a stock has a strong upside move and maintains it while the overall market goes down,
You know you have a winner.
6. Mastering trading is incredibly simple,
But not easy...
You need to dedicate thousands of hours to studying while building confidence in your strategy.
Just these two things can lead to mastery.
But not easy...
You need to dedicate thousands of hours to studying while building confidence in your strategy.
Just these two things can lead to mastery.
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