From $6,450 to $87 Million: The Incredible Trading Journey of Kristjan Qullamaggie
Starting Small:
In 2011, Kristjan started trading with only $5,000 while working as a security guard.
He lost money at first but eventually found success.
His Strategy:
Position Size: He never holds more than 30% of a position overnight, usually between 10-20%.
Risk Management: He risks only 0.25-1% per trade. For smaller accounts (under $1M), this can go up to 1.5%.
Winning Formula: Though only 30% of his trades win, the big gains more than cover the losses.
Focus on Breakouts:
Breakout Trading: He trades when stock prices break out after consolidating.
Flag Breakouts: He looks for stocks that rise sharply, pause, and then surge again.
Managing Positions:
He sells part of his position after a few days and moves his stop-loss to breakeven.
He uses moving averages to exit if prices start dropping.
Key Takeaway:
Focus on the big picture and donât be discouraged by short-term losses. Consistent strategy and risk management can lead to huge gains.
This story shows that with discipline, even small beginnings can lead to massive success!
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