Kristjan Kullamägi (Qullamaggie)
Momentum swing trader of stocks; writes the Qullamaggie blog
Breakouts, episodic pivots, parabolic shorts. He describes three setups with entry, stop and exit rules and the typical position size on his own blog. Rules are written for stocks on daily charts with intraday entries; any use on crypto is our extrapolation.
Sources
- 3 TIMELESS setups that have made me TENS OF MILLIONS! — own siteThe page is long; the first 100,000 characters were read.
- How to master a setup: Episodic Pivots — own site
Rules
- FilterBreakout scan: stocks in the top 1–2% by performance over 1, 3 and 6 months, with a prior move of 30–100% or more in the last 1–3 months.[1]
- FilterThen an orderly pullback with higher lows and a tightening range, price “surfing” the rising 10- and 20-day averages (sometimes the 50-day), lasting from about 2 weeks to 2 months.[1]
- FilterEpisodic pivot: a gap up of 10% or more on big volume, ideally trading the average daily volume within the first 15–30 minutes, driven by news that catches the market off guard (earnings, guidance, FDA, contracts).[2]
- FilterBest on stocks that have gone sideways for 3–6 months or more; repeat pivots on stocks that already moved have a higher failure rate. For earnings pivots he wants strong sales and EPS growth and a large beat.[2]
- FilterParabolic short: large caps up 50–100% or more in days or weeks, small caps 300–1000% or more, with 3–5 or more up days in a row.[1]
- EntryBuy the break of the opening-range high: the high of the first 1-, 5- or 60-minute candle. A daily-chart entry at the start of the breakout also works; buying in anticipation is, in his words, “not as effective”.[1]
- EntryWait for the first 1-minute candle and buy the break of the opening-range high; add on 5-minute highs. If the range is missed, the 5- or 60-minute highs are used: “no need to be first in”.[2]
- EntryShort options: the opening-range low (1 or 5 minutes), the first red 5-minute candle, or a failed bounce into VWAP, the only intraday indicator he says he uses. “Wait” for the right setup.[1]
- StopStop at the low of the day, and not wider than the stock’s ADR or ATR (a stock with 5% ADR means a stop of at most 5%).[1]
- StopStop at the low of the day, within 1× (at most 1.5×) the average daily range or ATR.[2]
- StopParabolic short stop: the high of the day, or a reclaim of VWAP. Target: the 10- and 20-day averages, where these stocks usually bounce; risk/reward about 5–10×.[1]
- ExitSell one third to one half after 3–5 days and move the stop to breakeven. Trail the rest with the 10- or 20-day average depending on speed; beginners use the 10-day and the first close below it.[1]
- Size and riskNo more than 30% of the account in one stock overnight; most positions 10–20%; risk typically 0.25–1% of the account per trade.[1]
Not confirmed
Often attributed to this trader, but not found in the sources above. Not listed as his or her rules.
- A market filter (e.g. “SPY above its 140 EMA”) appears in third-party back-tests of his method, not on these two pages; the pages only say big moves are common in a bullish market.
Limits of these rules
He writes about stocks with high ADR and a very selective choice of leaders. He does not publish a trade-by-trade record on these pages. The stop-at-the-low-of-the-day rule makes the stop distance a function of the entry time.
Other traders
Rules are our paraphrase of the sources; only short quotes are verbatim. This is information, not advice or a promise of profit.