Kris Kullamagi Breakout Setups

Discussion in 'Stocks' started by fan27, Nov 6, 2021.

  1. deaddog

    deaddog

    Everyone wants to be rich but no one wants to do any work. :rolleyes:
     
    #161     Nov 25, 2022
    Rams Fan and taowave like this.
  2. nonsense - a track record is a record that can be seen and evaluated immediately, not dug out of numerous videos. That is how fakes and scam operate. He is a complete flim flam - do pay attention.
     
    #162     Nov 26, 2022
    deaddog likes this.
  3. taowave

    taowave

    Have no dog in this "fight",just curious.

    You think KK is a fake??

    I'm more in the camp of David Ryan

     
    #163     Nov 26, 2022
  4. TrAndy2022

    TrAndy2022

    His momentum plays have usually a Sharpe Ratio between 1 and 1.5 or about 20% p.a. with about 20% MaxDrawdown annually. But his performance shows something over Sharpe 2, so the way he is doing it, he has an edge and produces some extra Alpha. Even with leverage doing more than 50% p.a. is difficult, but he made something about over 100% p.a., that is why he is so good. Having tight stops with trailing stops as solid risk management could be one key, except the stock selection process of course. Studies have shown that kind of 15% trailing stop on stocks breakouts get the max. return over time. So overall KK is a very good trader.
     
    #164     Nov 26, 2022
  5. tomkat22

    tomkat22

    No offense,and please dont take this the wrong way but you are one ignorant motherfucker. On more than one occasion he said his trading account(s) were over 100 mil in november of 2021 after (only) 11 years of trading. Have you approached anything close to that level of success? Or perhaps you're just calling him a flat-out,bald-faced liar? That's your prerogative to do so. I personally believe the guy. If he was caught lying about such a thing the results would be catastrophic for him on several levels.
     
    #165     Nov 26, 2022
    taowave likes this.
  6. Rams Fan

    Rams Fan

    I hope you don't mind that I added the boldface to your post.

    I 100% agree with you. Frankly, I find it downright astonishing that on this, a trading forum, there are so many posters who are skeptical of success.

    The first Trading book I read after I decided to get serious about making some money from the stock market was Nicolas Darvas's How I Made $2,000,000 in the Stock Market.

    Like you, I assumed it was an honest and accurate of account of him having started with a $37,000 account, and then immediately, within just a matter of days, he lost 25% of his capital. He had invested in a steel stock based on fundamental analysis. He was left with $27,782.43.

    Desperate to recover his loss, he studied the stock tables for hours every day and he "watched all the active stocks to see if they offered any escape" from his all but certain financial ruin. You see, he had mortgaged property and taken advances on his weekly income to fund his trading account.

    It was by watching the active stocks that Darvas came to hit upon using price and volume to select trade candidates. This was in November of 1955, three years after he was first bitten by the stock market bug.

    Over the next two years he traded small and developed the "box method" for which he has gained immortality among students of the market and market history.

    In November of 1957, he had made up all but $889 of his $9000+ loss. And it was from this point, after a full 5 years of going from consistent losing trader to consistent winning trader, that his famous run where he made $2,000,000 in the stock market began.

    My real beginning as a trader was simply to emulate Darvas's approach. It worked out extremely well for me. I literally used the Barons weekly biggest gainers with volume table to find stocks that were going up week after week. Then I'd wait for a consolidation, and I'd place a goo til cancelled buy stop a dime or a quarter above the stock's high price.

    I sure am glad I didn't insist on seeing his audit trail before deciding to see whether or not there could be any merit to his approach for myself. I decided that the only way to know for sure was just to do the work.

    Right on, brother. And those most complaining and doubting just have not done the work. They will come back at me and say "I have dont eh work! No one has worked hard than me and I still can't do it, and if I can't do it, no one can do it!"

    But they are kidding themselves. They haven't done the work. And I will tell you how you know they haven't done the work: Because they are failures and they are broke.

    Kullamägi's breakout strategy is, in nearly all general particulars, Darvas's box method. Kristjan may use candle charts and moving averages while Darvas relied on weekly stock tables in Barrons and his broker's telegrams of the daily OHLC of the stocks Darvas had identified from his examination of those stock tables. But if Darvas were still with us today, there would probably be little discernible difference in their trading methods if one were to put them side by side.
     
    #166     Nov 26, 2022
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  7. when it comes to knowing ignorant motherfuckers, you are most qualified. So don't tell us - show us his 100 mil records.
     
    Last edited: Nov 26, 2022
    #167     Nov 26, 2022
  8. tomkat22

    tomkat22

    Perhaps contact Sweden's version of the IRS to see how much he's been paying in income tax every year,I'm sure its been a small fortune.No doubt they are over-joyed to have him as a citizen! And rumor is he'll be in the next Market Wizards book(and justly so). Calling one of the greatest traders of our time a flim flam man makes you look like a total dumbass.
     
    #168     Nov 26, 2022
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  9. don't tell us, show us...
     
    #169     Nov 27, 2022
  10. SteveH

    SteveH

    KK was hovering around 17 mil when all of the craziness in the market hit with the Covid at-homers trying to make mad money. He basically used his breakout method to plunge massive position amounts into them. Quite a few of the multi-million dollar returns were actually daytrades (e.g. Gamestop) because he was afraid of losing the gains overnight.

    So there was a luck element in his 17 to 100 mil (gross) run over several years. He had the right strategy in the right kind of market, probably not to be seen again in that order of magnitude moves for quite some time to come.

    IMO, he's gotten more cocky and arrogant since 2017. Money does change people. But is he a liar? I think not.
     
    #170     Nov 27, 2022
    fan27, Ivano, Rams Fan and 2 others like this.