Kristjan Qullamaggie, a Swedish trader, turned $6,450 into $87 million in just three years, earning him recognition as one of the top 5 traders in the world by

Forbes. Here’s a breakdown of his strategy and insights on Bitcoin trading:

### Background:

- Kristjan is a swing trader who ranked in the top 15 earners in Sweden.

- His strategies have made him hundreds of millions and can offer life-changing results to other traders.

- He started trading in 2011 with just $5,000 but initially struggled, losing his first few attempts.

- To make ends meet, he worked as a mall security guard while learning the ropes of trading.

- It took several tries before he succeeded, refining his own strategy after losing his initial $5,000.

### Key Lessons:

**Position Size & Risk:**

- Never hold more than 30% of a position overnight; he typically holds 10-20%.

- His risk per trade is between 0.25% and 1%.

- For accounts with less than $1 million, he suggests increasing risk to 0.5-1.5%.

**Risk vs Reward:**

- You don’t need to win every trade to be profitable. Kristjan’s win rate is only 30%, but his big wins cover all losses.

- Don’t expect profits from every trade, but manage risk properly.

**Breakout Trading Strategy:**

- Kristjan prefers trading breakouts. Prices often move in steps: rising, consolidating, and then breaking out again.

- One of his main strategies is to enter after consolidation when a breakout occurs.

**Managing Positions:**

- He recommends selling 1/3 to 1/5 of a position within 3-5 days of entry and moving the stop-loss to breakeven.

- The remaining position should be managed using a trailing stop along the 10-day or 20-day moving average.

**Flag Breakout Strategy:**

- Kristjan’s second favorite strategy involves trading breakouts after a price rally followed by consolidation.

### Final Advice:

- Don’t get caught up in negativity from bearish traders. Kristjan believes in focusing on long-term trends, noting that since 2011, prices have generally risen over time.