My thoughts dumps 3
Most Common Mistakes Retail Trades Make 1. Not considering current market conditions 2. Over Trading 3. Trading your P&L instead of technical 4. Trading what you think instead of what price says 5. Over leveraged (too much risk) 6. Not using daily chart for swing trades 7. Lack of Patience 8. Forcing Trades (related to lack of patience) 9. Attempting to pick tops and bottoms 10. Not waiting for confirmation to enter a trade 11. FOMO (fear of missing out)
Source: https://www.youtube.com/watch?v=zb3E80G1wBk (david wyse youtube video)
Market knowledge:
• Qullamaggie says EPs are working now and not swing trading. This is may be due to cut in interest rates and sharks not having free money to pump every stock which is growing. May be now they are looking into financials/revenues etc more • A 'pullback' is defined as a decline between -5% and -9.99%. A 'correction' is a decline between -10% and -19.99%. ○ As painful as pullbacks and corrections are, they are prevalent. Every bull market has them. Stocks usually pull back roughly 3-4 times yearly. Corrections take place on an average of about once a year. • September is historically a weak time • Summers are choppy ○ Day traders are going on holidays ○ Summer Fridays could also have less or chopp action • In general, traders go to lunch between 11.30 to 13.30 during the day • Correlations: ○ Commodities: § Silver and the market are correlated § Natural gas and the market are inversely correlated ○ Bond yields and bonds have an inverse relationship. Which means that bond yields rising was due to the price of bonds falling. • Recessions: ○ What ends a market cycle? § On coming recession § Uncooperative fed § Bond yields moving higher ○ It's not caused by § Forward multiple of S&P being high • American mentality: Because they are in trouble due to debt; their idea is ○ “Other foreign countries are going to screw us, so lets screw them before they screw us”
When geopotical tensions are up people buy healthcare and AAPL 
Places to see a lot of chart patterns: Dan Zanger’s past newsletters. Need to subscribe to his service for this
Good websites to learn basics: https://www.chartpattern.com/chart-patterns.cfm https://www.financial-spread-betting.com/course/technical-analysis.html https://tradethatswing.com/
Analysis/Screening websites: NYSE NASDAQ Premarket Earnings Movers https://www.thestockcatalyst.com/NasdaqPMEarningsMovers Selling method: Selling method is Very similar to what Qullamaggie teaches. I did a backtest of over 500 breakouts and found my own selling method that nets me more profits over the long run, it is a dynamic strategy since the selling method I use depends on how much the stock is up (R value) in the first 3-4 days. Jack Corsellis on YT, has a similar strategy to my own, and goes over his selling strategies. If you backtest the way stocks move AFTER they breakout, you will have conviction in your exit/profit taking strategy. https://www.reddit.com/r/qullamaggie/comments/uly0bp/any_really_successful_traders_using_kqs_methods/ When to buy breakout: https://www.reddit.com/r/qullamaggie/comments/1atslqt/comment/kqzcli7/ How do you handle entrances?So, 2 problems come up for me in trading breakouts. Problem a) If I pre-scan and have a bunch of candidates, often a breakout will occur but not confirmed by above-average volume. Or Problem b) I will see an above-average-volume breakout on a “hotlist” (real-time intraday scan) but the breakout will already be well along and often retrace quite a bit. My attempts to catch breakouts above “local” intraday highs often result in retracements.Any guidance on how members actually handle entrances would be great . Use 15m candles for entry, and wait for the 2nd green candle above the breakout line before entering. This helped me a lot when it came to buying breakouts. Other tips KK would just say “Read the directions on the screen”. But in order to be more helpful, let me give you a few tips. The preferred setup (high tight flag) occurs 100xs a day, the other key components needed are 1. high ADR (5+) 2. Key sector (I dont care if a software stock is breaking out when oil is hot, or vice versa) 3. Is it a true breakout? Or just opening range high?, or some other factor making it appear to breakout? 4. Have you identified the setup before it breaks out? Put in the research ahead of time, set alerts. If shipping sector is heating up, look at EVERY SINGLE Fn shipping related stock and mark alerts on all potential setups. There are hundreds/thousands . Same for oil, same for EV related, same for any sector. After you have done all that research , your purchase will still shake you out 7 of 10 times. Also follow the buy and sell rules by heart. You, me, Buffet, Cramer and KK are not smarter than the sell rules. https://www.reddit.com/r/qullamaggie/comments/uly0bp/comment/i7zm0t7/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
LEDS may 2021. Q says its the perfect image. Interpret candles properly (look at ticks also) https://medium.com/@billyonaire__/i-didnt-ask-for-permission-kristjan-kullam%C3%A4gi-mock-interview-fb3c51509c23 LEDS May 2021, that is a great setup, this is picture perfect, this is your role model breakout, study something like this. Makes a HUGE move on big volume more then triples, pulls back, finds support around the 10 and 20, goes sideways and tightens up, and then breaks out on volume again from this tight range. First base breakout. You don’t need to trade 10 different tickers a day, find the super star ones and thats all you need. This is a super star, the model one, this is what you need to try and find
I wonder if this happens when institutional investors come into the game and pump up a stock like this. Sounds like a perfect way to win along with the sharks.
Setup: EP setup on TC2000 https://www.reddit.com/r/qullamaggie/comments/u766ol/qullamaggie_ep_scan_settings/?share_id=dOZntw9DaiJ3EqXuuSkJ5&utm_content=1&utm_medium=ios_app&utm_name=ioscss&utm_source=share&utm_term=1
Higher low meaning
https://www.youtube.com/watch?v=4zNCXnftcKw Swing trading youtubers https://www.reddit.com/r/swingtrading/comments/180jpv5/swing_trading_youtubers/