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Apr 10 8 tweets 2 min read Read on X
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: Image
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.
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.
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.
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.
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.
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.
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More from @Bthestory87

Apr 1
This is Mike Bellafiore.

He's responsible for more millionaire traders than I can count.

With over a decade of experience and now running a Proprietary Trading Firm in NYC,

He knows how to make winning traders.

Here's how he does it: Image
Backstory:

Mike ditched law school for trading after his best friend introduced him to it.

He quickly got hooked.

Unplanned he ended up working at a trading firm in 1997, making it big in the tech stock boom.
Many traders stumble into the market,

Thinking they will make it big.

Mike is quick to provide the reality of what it is like to become a 7 or 8-figure trader.
Read 8 tweets
Mar 18
I'm obsessed with mastering the trading mindset.

So, I spent 100s of hours studying Mark Douglas (creator of Trading In The Zone).

Here's how to create a winning trading psychology: Image
Where trading frustrations come from,

And how to solve them.
Understanding losing streaks in trading,

And the risk management around them.
Read 8 tweets
Feb 7
13 Qullamaggie quotes every trader needs to live by:

1. "If you master this setup you will never have to work another day in your life." Image
2. "Look for stocks with BIG relative strength. If you have a stock that goes up a lot and then stops going down when the market goes down. The stock is trying to tell you something!"
3. "The best traders take the best losses. Get used to losing."
Read 14 tweets
Jan 17
I recently met the king of technical analysis.

Who became a millionaire trader primarily using one indicator.

If you want to do the same,

Here's a full breakdown of the indicator + how he uses it:
VWAP.

Most traders have heard of it,

It stands for Volume Weighted Average Price.

But there is a slightly less known version called anchored VWAP.

The difference is you state the bar it starts calculating from,

Allowing us to plot a VWAP from key chart areas. Image
This allows us to see the true sentiment of a market event.

For example, we could plot an anchored VWAP from:
• Earning announcement
• Economic release
• News announcement
• Etc

It gives us a true view of whether buyers or sellers are in control after that event. Image
Read 6 tweets
Dec 6, 2023
I've been trading for over 7 years,

And was unprofitable for 4 of them,

Until I was given 4 tips from 4 traders ahead of me.

That completely transformed my trading,

And I want to share them with you:
1. Having a lost journal.

This doesn't mean going through every loss trying to figure out how to avoid them,

As losing is a part of trading.

But it does mean assessing each loss to determine if you made a mistake or an unnecessary trade.

Holding yourself accountable. Image
2. Type 2 errors.

Meaning you spot a trade signal but you don't take it.

It could be due to recency bias or not being comfortable taking it.

But recognizing this issue and realizing every trade signal must be taken,

As you never know what trades will be winners or losers.
Read 6 tweets
Nov 13, 2023
I've talked to over 100 traders ranging from beginners to 8-figures a year.

Over these 100s of conversations,

I've learned lessons that transformed my trading mindset.

And instead of keeping them a secret,

I want to share them with you.

Here are the top 5 you need to know:
Mistakes are natural.

Even 8 figure traders make mistakes.

So don't define your trading by if you made a mistake,

But on how you responded to that mistake.

Did you acknowledge and find ways to handle it better in the future?

Or did you beat yourself up?
You're gonna lose,

A lot...

Truly the best traders are defined by their losers and how they handle them.

Some even go through drawdowns lasting months to years.

It happens and you need to be ready to move on and to get up once again.
Read 6 tweets

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