You are so fucking lame
Kris Kullamagi Breakout Setups
- Thread starter fan27
- Start date
You are so fucking lame
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
I use volume in some form in most of my automated and manual systems, but I believe I use it differently than most. I have backtested many conventional ways, never liked the losing percentages.
Took me over two decades to develop 2 automated scalping methods that seldom lose but only 3 years to develop 3 automated option systems that seldom lose and none of them take into account much of the Greeks cause I am directional. I believe most people who trade options do not use direction.
I also believe most people do not learn how to use insurance, hedging, it only safest way for me to get huge Reward to risk ratios, only way I lose if stop losses in stock or commodity hits and price starts going back in the original direction or market stalls and get time decay on options, otherwise I will make profits on the hedge.
So for going long you buy calls and sell some shares but not the entire underlying short?
The guy was already doing well before 2020,perfecting his craft/system, and when 2020 arrived it went together with his system like peaches and cream. It's like his system went on steroids in 2020! He also knew exactly how to handle/play events like GME,AMC,BBBY,DWAC,PHUN etc.He admits his account was basically flat from mar 2021 thru sept 2021,just treading water. Its somewhat come back to life the last couple months since volatility returned.
Some profit taking and some dumping of losing trades.
Equities are up a ton over the past 2 years. If you held a portfolio of high beta stocks you would have doubled your money. Everyone long delta is seeing great returns right now. You don’t need risk control if you buy the dip, etc., etc. “Everyone is getting rich except you.” I bought amc calls in Jan on a reopening play and was up 1200%+.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
But this is not a replicable trading strategy lol. It is gambling which means zero to negative edge (losing game). Yes it is possible to “come out” on your wins but if you’re trading frequently then the odds of that goes down to zero.
A lot of traders think that the guys who lose lots of money lose it on one or two really bad bets. In real life, most traders lose money slowly which pushes them to take on greater risk until they ultimately blow up.
Frankly, I don’t believe this dude has $80M. Each of his trades would be a block of 10k+ shares even in the most liquid names which means his “risk control” is completely meaningless. Lol imagine thinking you could exit a 800k-5mm position using a stop loss on a single name smid cap.
Also, if the dude is using tiny position sizes then there’s no way he’s generating that large of a return on millions lol. He’s need to be completely flawless and get 1000% returns on every trade at <1% port weight to make a dent, if he’s primarily in cash and only uses a portion of capital at a time.
On the flip side, if he said all he traded was fang+ and used options as well, I could believe him. But then again it’s more about security selection and doubling down vs. trading.