3/11/25, 12:04 PM
Thread by @Qullamaggie on Thread Reader App – Thread Reader App
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1/
We already know this but still interesting read:
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"A study published in June of almost 1,600 Brazilian day traders that tracked their activity for
one year concluded that only 3% made money... Only 1.1% earned more than the Brazilian
minimum wage and only 0.5% earned more than the initial salary of a bank teller"
3/
"An older study, going back to 2000 analyzed 66,000 trading accounts at Charles Schwab
from 1991 to 1996. They found that those who traded the most earned an annual return of
11.4%, while the market overall returned 17.9%."
/4
Everyone thinks they can make it in this game, very few do. Even fewer get rich,
What are you doing different from the other 99%? What is your edge?
/5
There are many moving parts in trading and the market will constantly push you around and
shake you out and then run you over. The key is having a very specific ruleset and always be
in control and not let the market do that to you.
/6
Main thing people lack is a setup. I trade 3 setups and I try to teach mainly 1 of these setups
on stream. (hint: you only need ONE solid setup to make 10s of millions)
Then you need to know proper position and risk management.
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Then you need to know when these setups work/don't work.
You also NEED to trade less and smaller size when conditions are not favorable.
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3/11/25, 12:04 PM
Thread by @Qullamaggie on Thread Reader App – Thread Reader App
When conditions are favorable you need to step on the gas.
You need to LEARN when conditions are favorable or not for a setup.
8/
No one is born with any of these skills, they can be learned. The more you study and push
yourself out of the comfort zone, learn from many different traders and study different setups
until you find one that fits YOU, the more likely you are to succeed.
9/
Also one last thing, to get to the big money you also need to be able to SCALE your trading.
In the new Market Wizards book, the last chapter was about a guy whose trading account
hadn't grown in 10 years. He had all of these concepts figured out except scaling up his
trading.
10/
If you double your account (not by luck but by trading a solid setup and following your rules
and risk management) you should eventually get your position sizes and absolute risk to a
double too. It can take some time to get comfortable at a new level,
/11
While keeping your relative risk and position sizing in percentage terms the same. This is
where the big money will be once you get this last concept,
It's really about finding something that works and you do it over and over and over again.
/12
We talk in depth about these concepts and setups daily on the stream. The reason I started
streaming is it helps me to become a better and sharper trader by keeping me in check and
accoutable, I can help out others and also have a community since trading can be very
lonely.
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The sources I provide for learning are
my daily streams at twitch.tv/qullamaggie
my YT youtube.com/qullamaggie
and also don't forget to READ THIS FIRST!
chartsandstories.com/about/
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3/11/25, 12:04 PM
Thread by @Qullamaggie on Thread Reader App – Thread Reader App
Qullamaggie Trading the US stock markets from Sweden since 2011. Doing the videos to
improve my trading and helping others succeed. PLEASE GO HERE FIRST:
qullamaggie.com https://youtube.com/qullamaggie
/14
To answer my question "What is your edge?"
My edge is trading 3 very specific setups that have worked for over 100+ years. how do I
know this?
I've spent thousands of hours studying charts and fundamentals.
These setups occur over and over again when specific criteria are met
/15
I trade those setups using specific position management of not putting more than 20-25% of
my funds in any stock overnight, ever.
Per trade risk is usually 0.2-0.5% of my funds, I rarely risk more than 1% on any trade.
You don't need to risk more to make 100/200%+ per year.
/16
I do have a somewhat good ability to know when to push it and when to take a step back.
You don't need to be perfect, ever. just be good enough.
/17
And I have figured out how to scale up my trading both practically and mentally.
There was a time when I was in suicide mode over losing $500 and a few months ago I got
into the Wall Street Journal after losing $1.5M.
/18
A couple of weeks ago I lost $3M in an hour on the stream and it was annoying but nothing I
lost sleep over. Huge sums in absolute terms, yes. But in relative terms just a regular
drawdown.
/19
That's the level I want ALLof you to reach.
Just wanted to put some thoughts out there.
I want to thank all my followers and wish you a Happy Thangsgiving!
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3/11/25, 12:04 PM
Thread by @Qullamaggie on Thread Reader App – Thread Reader App
/20
You don't have to be a rocket scientist to make it in trading but you can't be an idiot.
-Kristjan Kullamägi
Yes I am shamelessly quoting myself, I keep saying this all the time on the stream.
Now go study setups and get off twitter guys and girls
•••
Kristjan Kullamägi 🇺🇦
@Qullamaggie
Dec 31, 2020
1/ Best and worst and most memorable trades of 2020:
$TVIX short in March was my first $1M loss. It was also my first $1M gain a week later.
$KODK accidental fat finger halt halt halt $1.5M loss that got me into the Wall Street Journal,
on the last page with David Beckham.
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3/11/25, 12:04 PM
Thread by @Qullamaggie on Thread Reader App – Thread Reader App
/2 My biggest losses every year are ALWAYS shorts. This is why I don't recommend anyone
to short on the stream.
Can't really remember any big losses due to breaking rules or trading setups that were not
mine.
/3 One of the biggest mistakes I made was being too bearish after the market bottomed in
March and kept shorting some triple ETFs before I finally got my shit together and started
buying 5-star long setups.
Read 5 tweets
Kristjan Kullamägi 🇺🇦
@Qullamaggie
Dec 31, 2020
1/ Let's talk about returns and return expectations. For traders, this year was probably the
biggest opportunity set since...1999?
Many people struggled this year due to obvious reasons but us traders have been living in
another reality.
2/ As most of you know I livestream my trading on Twitch every day using simple setups
and principles with no rocket science or fancy indicators involved.
I started the year with $3.7M in all trading accounts combined and finishing it with $36M.
That's an 870% return.
/3 It has been the journey of my life and I did not think making more than $100K was
possible when I started trading.
A lot of people had insane returns this year, most due to luck, few due to skill. Most WILL
give it all back, a few will keep it.
Read 9 tweets
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3/11/25, 12:04 PM
Thread by @Qullamaggie on Thread Reader App – Thread Reader App
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