Kris Kullamagi Breakout Setups

[fan27]

His accent annoyed me, could not listen to much of it. Basically he is saying, daytrading sux, swing trading is the way to go. Or something like that.
Useless video.

I think it is meant to be watched with the volume off.

Whatever Boomers.

 

[Overnight]

Whatever Boomers.

If you consider me a boomer, I'd LOVE to get into a mosh pit with you, and show you some boom.

I ain't that old.

 

[deaddog]

His accent annoyed me, could not listen to much of it.

Unfortunately that's when you learn shit, when you are listening.

 

[taowave]

Dude turns 5k into 80 mil,and people are commenting/offended by his voice/accent....

 

[David's faith]

I run an automated strategy based on similar ideas. It works quite well. Attached a backtest.

View attachment 270727

But idk how he managed to turn $5k into more than $80m in a decade. There are some issues about the strategy that don't add up, such as problems at larger size and larger cap names, it only works in very strong bull markets, and the exit is not optimal, etc. for it to make that much. This is one of my better strategies and it doesn't even come close to the numbers he claims.

But who knows? Maybe he'll be audited one day and make it into a Market Wizards book. If so, I'll be a fan. Or is just building up the customer list from the free content to end up selling a course later. I'd love to sell courses too if I could convince people of these results with no proof:

Leverage might answer the gap, doesen't it?

 

[taowave]

He claims to adhere to strict money management rules and no options...

Leverage might answer the gap, doesen't it?

 

[fan27]

 

[deaddog]

Interesting video! He trades the same way I do, sort of but he makes a lot more money.

I certainly agree with his concepts. Forget the reasons why stocks are moving, concentrate on set-ups and risk control.

 

[taowave]

Stupid question,but why do you think he crushes it as opposed to you doing "well"...
David Ryan has also put up monster numbers the last 3 years...

Im tired of trading vol and am going to take a shot on direction...

probably a good time to short the market

 

[deaddog]

Stupid question,but why do you think he crushes it as opposed to you doing "well"...

He works harder than I do.

I'm not compounding as quickly and I may be spending more of my returns on myself on a percentage basis than he does.

The big thing is risk control. I take losses quickly but maybe not quick enough. And possibly I give my winners too much room. I'm going to experiment with scaling out.