HMNY was one of Qullamaggies best trades in 2017
He made $200,000 on the long side, and $100,000 on the short side
Here's 17 lessons I learned studying this trade
π
PS: His own review is at the end
He made $200,000 on the long side, and $100,000 on the short side
Here's 17 lessons I learned studying this trade
π
PS: His own review is at the end
LESSON #1:
Chart patterns doesnt have to be perfect to enter π
Qullamaggie entered this trade on a fundamental story and positive price action intradayπ
Chart patterns doesnt have to be perfect to enter π
Qullamaggie entered this trade on a fundamental story and positive price action intradayπ
LESSON #2
There are stocks with unlimited upside
Add to your winners if you can π
There are stocks with unlimited upside
Add to your winners if you can π
LESSON #3
Just because you have sold into strength doesnt mean you can't add back if you find a good buy point
Qullamaggie sold and added to his core several times π
Just because you have sold into strength doesnt mean you can't add back if you find a good buy point
Qullamaggie sold and added to his core several times π
#LESSON 4
Don't be afraid to change your opionon
You have to be flexible and let the market tell you what to do. Not the other way around π
Don't be afraid to change your opionon
You have to be flexible and let the market tell you what to do. Not the other way around π
#LESSON 5
Dont split your attention on too many things
"This could've been a monster trade if I had been a little faster and had a little more focus"
Dont split your attention on too many things
"This could've been a monster trade if I had been a little faster and had a little more focus"
LESSON #6
You're a trader. Not an investor.
But a fundamental thesis can help your trade π
You're a trader. Not an investor.
But a fundamental thesis can help your trade π
LESSON #7
One trade wont make your year. But it sure as hell can help
But you never know which trade it's gonna be. π¨βπ
One trade wont make your year. But it sure as hell can help
But you never know which trade it's gonna be. π¨βπ
LESSON #8
You have to learn from your mistakes. Especially if you're trading to the short side π
You have to learn from your mistakes. Especially if you're trading to the short side π
Hey! We are half way through!
Who said learning couldnt be fun? π₯³
Who said learning couldnt be fun? π₯³
LESSON #9
Plan your trade
Prepare your trade
Execute your trade
Plan your trade
Prepare your trade
Execute your trade
LESSON #10
Dont change your opinion before the market tells you to change it π¨βπ«
Dont change your opinion before the market tells you to change it π¨βπ«
LESSON #11
Parabolic moves are easily spotted. If you have to ask, its not a parabolic move
Parabolic moves are easily spotted. If you have to ask, its not a parabolic move
LESSON #12
Don't let the excitement for a home run get the best of you
Qullamaggie had 10,000 shares located, but never shorted more than 6,500
Don't let the excitement for a home run get the best of you
Qullamaggie had 10,000 shares located, but never shorted more than 6,500
LESSON #13
Take a vacation π
Take a vacation π
LESSON #14
Long trades has unlimited upside, and limited downside
Short trades has unlimited downside and limited upside
Long trades has unlimited upside, and limited downside
Short trades has unlimited downside and limited upside
LESSON #15
Dont get greedyπ€
Even if you're up a lot on a trade, no need to take unnecessary risks β
Dont get greedyπ€
Even if you're up a lot on a trade, no need to take unnecessary risks β
LESSON #16
Parabolic moves goes both ways
Neither are easy to nail π¨βπ
Parabolic moves goes both ways
Neither are easy to nail π¨βπ
LESSON #17
Finding the best entries and exits when looking at a chart in retrospect is easy
Being able to do it when the trade is developing is hard
Don't become a hindsight trader π
Finding the best entries and exits when looking at a chart in retrospect is easy
Being able to do it when the trade is developing is hard
Don't become a hindsight trader π
QULLAMAGGIES REVIEW
Here's Qullamggies own review of the trade
Here's Qullamggies own review of the trade
You can do the same study π§βπ
I spent several hundred hours studying Qullamaggie. I curated some of my findings in a presentation and share all the data with anyone willing to do the work
π
I spent several hundred hours studying Qullamaggie. I curated some of my findings in a presentation and share all the data with anyone willing to do the work
π
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