Assalamualaikum! Meet Kristjan Qullamaggie, the trading genius who has taken the world by storm. Recognized by Forbes as one of the top 5 traders globally, he turned a modest $6,450 into an astonishing $87 million in just three years.
Why is Kristjan's story so inspiring?
- He began his trading journey in 2011 with only $5,000, facing multiple setbacks before hitting his stride.
- His incredible success stems from custom-developed strategies that have the potential to change lives.
Here are some key insights from Kristjan's approach:
1. Position Size & Risk:
- Never hold more than 30% of your position overnight. Aim for 10-20%, with a risk of 0.25-1%.
2. Risk-Reward Management:
- With a win rate around 30%, Kristjan emphasizes managing risk rather than expecting profits on every trade.
3. Breakout Trading:
- His preferred strategy involves capitalizing on price movements as they break out from consolidation.
4. Position Management:
- Sell 1/3 to 1/5 of your position within 3-5 days and adjust stop-loss to breakeven.
5. Stay Focused:
- Kristjan urges traders to ignore bearish distractions and keep an eye on the long-term upward trend of the market.
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