Forbes featured him as top 5 trader in the world...
here's his strategy, secrets and $BTC insides 🧵👇
But before I start...
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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 will bring life-changing results to any trader during this cycle.
Kristjan Qullamaggie is a Swedish swing trader who amazed the industry with his hard skills.
✜ He has made hundreds of millions of dollars actively trading based on his own strategy.
✜ His journey started back in 2011 with $5,000, which he managed to multiply many times over.
✜ In the last months of university, Kristjan began studying trading full-time, and as a result, he didn't complete his education.
✜ When he was just starting out 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 started his next attempts with $3,000-$4,000.
✜ After such a tough path to success, the trader 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.
✜ Most likely, he leaves 10-20% of the position at most, and his risk is 0.25-1%.
✜ If your balance is less than $1M, Kristjan recommends increasing your risk to 0.5-1.5%
RISK REWARD
✜ The right strategy is not the one that brings you profit on every trade.
✜ Kristjan’s win rate is 30%, meaning that only 3 out of 10 trades will be profitable, but they will cover all losing trades.
✜ So, approach risk-reward properly and don't expect profits from every trade.
THE BREAKOUT TRADE
✜ Breakout trading is the most preferred strategy for Kristjan.
✜ Most price moves are step-like – they move from 20 to 50, consolidate, then trade sideways, followed by another move.
✜ More details on the 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 remaining part 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.
UNFOLLOW FROM BEARS
✜ People tend to react strongly and discuss only the potential bad outcomes, forgetting the good ones.
✜ Kristjan Qullamaggie started trading in May 2011, and since then, on a larger timeframe, the price has only been going up.
✜ Don’t give in to pressure, and pay less attention to the bears.