Forbes featured him as one of the top 5 traders in the world...
Here’s his strategy, secrets, and insights into $BTC.
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In the world of trading, few names resonate as powerfully as Kristjan Qullamaggie.
- This trading legend ranked in the top 15 in Sweden for highest earnings.
- His strategy and setups can deliver life-changing results to any trader during this cycle.
Kristjan Qullamaggie is a Swedish swing trader who amazed the industry with his skills.
- He has made hundreds of millions of dollars by actively trading based on his own strategy.
- His journey began in 2011 with $5,000, which he managed to multiply many times over.
- In his last months of university, Kristjan started studying trading full-time, and as a result, he didn’t complete his education.
- When he was just starting and not making money from trading, he worked as a security guard in a shopping mall.
- The money from his job covered his basic needs.
- It took Kristjan 3-4 attempts to achieve success.
- He lost his first $5,000 and began his next attempts with $3,000-$4,000.
- After a tough path to success, he developed his own strategy and concept, which I want to share with you.
Position Size & Risk
- According to Kristjan’s strategy, you should never hold more than 30% of your position overnight.
- He typically leaves only 10-20% of the position at most, with a risk between 0.25% and 1%.
- If your balance is less than $1M, Kristjan recommends increasing your risk to 0.5%-1.5%.
Risk-Reward
- The right strategy isn’t one that brings profit on every trade.
- Kristjan’s win rate is 30%, meaning that only 3 out of 10 trades are profitable, but they will cover all the losing trades.
- So, approach risk-reward correctly and don’t expect profits from every trade.
The Breakout Trade
- Breakout trading is Kristjan’s most preferred strategy.
- Most price moves are step-like – they move from 20 to 50, consolidate, trade sideways, and then move again.
- More details on this strategy are explained in the video.
Position Management
- From a trade management perspective, Kristjan suggests selling 1/3 to 1/5 of the position within 3-5 days of entering it and moving the stop to breakeven.
- The rest of the position should have a trailing stop managed by the 10-day or 20-day moving average.
- The position will be closed if the price drops below the moving average.
Flag Breakout
- Kristjan’s second favorite strategy is the Flag Breakout.
- The principle is essentially the same: a long price increase followed by consolidation.
- After this consolidation, there’s a breakout, which Kristjan trades.
Ignore the Bears
- People often react strongly and discuss only the potential bad outcomes, forgetting the good ones.
- Kristjan started trading in May 2011, and since then, the price has mostly gone up over the long term.
- Don’t give in to pressure and pay less attention to the bears.
