You are the sheep who looks at one of Jesse Livermore's biggest gains and declares all the naysayers idiots. The constant implosions due to poorly managed risk became so intolerable, he ended his life. That's before even verifying the guy really made that much or just 1/10th of claimed amount. YES WE HAVE AN AGENDA: we try to educate. There are almost always fallacies involved in getting rich quick schemes. But I guess that does not matter to those who have been poor all their lives.
Good morning, longandshort, How nice of you to step down from your high horse and attempt to educate us common people. Here’s where you’re wrong and miss the mark. 1. Not recognizing the difference between institutional trading and retail trading, nor your audience: The average ET member is a retail trader and is not interested in being a fund manager. 2. Process and repeatability: If you even bothered to take a look before lashing out your criticism, you would know that Quallamaggie have a repeatable process and traded with a fairly high frequency even if he was a swing trader. He didn’t buy a growth stock or Bitcoin that he forgot about and cashed in 20 years later. 3. Hit rate: Essentially meaningless. All else equal, the higher, the better of course, but in isolation this doesn’t mean anything.
You serious? Why should I provide a track record of Quallamaggie's returns? How about you provide the track record of some traders that are audited by Ernst & Young? I’d be surprised if you could. Anyone who’s paid any attention to my posts know that I repeatedly lash out against educators and fakers (>95 % of posters on ET as well) in this business, but Quallamaggie comes across as the real deal in my book for various reasons. If you require an audited track record to believe it’s actually possible to make money in this business, maybe move on and do something else. I’m not even a student or follower of Quallamaggie. Only taken the occasional look. If at any point I would pursue swing trading I wouldn’t hesitate to study him closer and learn from him.
Good morning... Do you want to make money or not? You're trading in the same market as the professionals. There's a reason why you're cumulative pnl is deeply red. you don't know that. If you did, then you have his attribution data, and I'll stand corrected. Ok, keep betting on coinflips with a b/a spread. See my comment re: cumulative pnl.
I think we are moving away from the main topic here which was about the speed of gains. KQ strategy is fine, he trades the breakouts, so he is in the direction that price moves, nothing special about that and he can definitely get positive results out of it as long as markets move. The sceptisim in me popped out when i'm doing the math. I know how much markets move, how much they range and KQ has clearly pointed out that he wins like 30% of the time which perfectly lines up with the overall statistics of how markets trend. Now, this kind of statistics can't possibly yield to these results. You need a near 100% win rate to make these gains. Not to mention high position size but that invalidates any risk management rules he promotes. So, did he miraculously picked the right time and direction all the time? Not likely, but sure, possible. What M.W. pointed out is the crave for social engagement. Now, USUALLY, when there's a success story as big as this in the markets, it is accompanied with a very low profile. But, again, i guess exeptions confirm the rule. So, in the end, who knows what the truth is. But i can say from my experiment in the twitter space that fintwit category is probably one the most lying, cheating and manipulating social environment out there. The lying there is just next level. The way the advertising has gone aggressive is just fenomenal. Just to get you subscribed. Oh well...
That's irrelevant to this discussion. But frankly, you know as much about my PnL as I know about yours. Which is zero. I know that because he spelled out his strategy and to my awareness he's been streaming his trading daily for longer periods doing the exact same thing over and over again. Disclaimer: Never watched it myself. Nobody said anything about coinflips. But a common theme among even successful hedge fund managers (Soros, Simons, etc.) is that their hit rate isn't much above 50 %, but that they make for more when they win than when they lose.
I agree, must be a full Moon. Whack that in yah back Trunk https://qullamaggie.com/my-3-timeless-setups-that-have-made-me-tens-of-millions/ Now, which kunt wanted a KQ monthly breakdown?
Kristjan is a lonely retail trader. Is it that hard to see the need for social engagement trading on his own? Isn't that why we all gravitate to ET? Here's Kritjans tax returns for 2021: De tjänade mest pengar 2021 – Bianca Ingrosso yngst på listan (nyheter24.se) 360 million SEK which is roughly $35 million. I highly doubt he earned that from Twitch streams. If you look further, I'm sure you'll be able to dig up his tax records from former and later years, too. This is public information in Sweden (as in Norway).