How hard would it be to put on a $10 million position in TSLA, LCID, ABNB or RBLX? Not very hard.
Kris Kullamagi Breakout Setups
- Thread starter fan27
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this is a simple analysis using TCA <GO>: buying 100% in 1 minute would result in a tca of 1% (in reality, could be 0.5x to 3x, generally the more volatile the stock the greater the subsequent impact), which would probably hit his own "stop exit" lol. Then when the stop loss is triggered and it dumps his shares at market... lol
Why buy all in one minute? Why exit via stop/market? Your thinking is limited.
because he says to look at the 1 minute and 5 min chart and set a stop loss around ATR or low of the day as of his website lol.
Anyway, I am not saying you can't make money by trading momentum, breakouts, or beats... so I'm not necessarily criticizing his strategy as much as I am skeptical of his claims. One thing we both agree upon is that you need to do your homework.
If he has 80MM of his own money in his trading account that means he has at least 160MM in overnight-hold buying power. He is always in about 20 positions(on average) so he can allocate on average 8MM per position if he chooses. And he recently said he went in VERY LARGE on LCID and when it went from 43.00 to 57.75 in 2 days I'm sure he fucking cleaned up. He said that trade alone could buy him a new yacht and paid for all his 2021 taxes(humblebrag). He has said on multiple occasions he has missed this trade or that trade because he didn't have any buying power at the moment,he was maxed out. All his trades are posted in real time and can be seen clearly on his monitor/platform.
I'm guessing his strategy is; he's finding reasonably low liquid stocks at any point in time (ie stocks which have quietened down) and legally manipulating the position by hitting it hard with volume spike and drawing in the suckers.
Because he has the firepower at his disposal, continue this a few more times, hit it hard on market open and market close to give the impression a whale is interested.
Then finally hit it hard near exit time for the last hurra then begin pulling the rug quickly.
Because he has the firepower at his disposal, continue this a few more times, hit it hard on market open and market close to give the impression a whale is interested.
Then finally hit it hard near exit time for the last hurra then begin pulling the rug quickly.
That is nowhere close to his strategy,no offense. KK often mentions a "Small Account Advantage" that us mere mortals have that he doesn't. His account is so large he is limited to trading stocks that have large liquidity,probably 7MM+ shares traded daily on average. Otherwise he will move the stocks price because his position is so large. In other words he has "big" money and is only interested in making big money.
Ya, of course I may be wrong, but moving stocks is the whole idea, you want that.
Obviously exiting will move the price detrimentally, but that's ok because you have already cake.