[00:00] made a day trader $82 million dollars Which he now uses for fast cars, multi million&nbsp;&nbsp; dollar yachts, and luxurious mansions But what does this prestigious day&nbsp;&nbsp;
[00:12] trader look like? This. This is him. &nbsp; But don t let his looks fool you. This guy is&nbsp; an absolute genius when it comes to trading. &nbsp; His name is Kristjan kullam gi and he made a 5&nbsp; step trading strategy that let him trade from just&nbsp;&nbsp;
[00:25] $9,100 to 82 million dollars in just 8 years. But how did a guy like this grow his&nbsp;&nbsp; account size to 82 million? Did he use specific indicators? &nbsp;
[00:37] Was there a specific strategy he followed? Yes, yes there was. &nbsp; and luckly for you, I scavenged the internet for&nbsp; weeks trying to find this exact information. &nbsp; And I found EXACTLY how he finds&nbsp; his stocks, what he looks for,&nbsp;&nbsp;
[00:51] and his exact 5 step strategy that he follows to&nbsp; make sure he s entering into a profitable trade. &nbsp; In order to follow this strategy, we have&nbsp; to start from the very beginning. Step 1. &nbsp; Kristjan had very specific conditions he looked&nbsp; for when trying to find the right stock. &nbsp;
[01:06] His first condition was that he wanted to find&nbsp; a stock with a very strong move to the upside. &nbsp; Specifically a move that was between&nbsp; 30% and 100%. That specifically&nbsp;&nbsp; happened within the last 3 months. An easy way you can do that is by going&nbsp;&nbsp;
[01:21] description if you don t yet have it. Go to the screener. Click the filters tab. &nbsp; the change of the last month is above 30%. This will give you a list of stocks to choose&nbsp;&nbsp;
[01:34] a (%) move under the 3 month timeframe. That is step 1 complete. &nbsp; Step 2 is the fun part adding the indicators. Go to the indicators tab and type in moving&nbsp;&nbsp; average. We are going to need&nbsp; two of them so click it twice. &nbsp;
[01:48] Go to the settings of the moving average and&nbsp; change the length to 10. Also make sure you&nbsp;&nbsp; are using a simple moving average. Then go to the other moving average&nbsp;&nbsp; and change the length to 20 and also make sure&nbsp; you are using a simple moving average again. &nbsp;
[02:02] I also am going to change the colors of the&nbsp; moving averages so we can see them a lot better. &nbsp; The first reason is to make sure the stock was&nbsp; currently consolidating or as he called it surfing&nbsp;&nbsp;
[02:15] the moving average (surf meme) &nbsp; When looking at these big moves, kritjan was&nbsp; looking for some consolidation right after. &nbsp;
[02:28] Meaning he wanted this big move, and then a&nbsp; pull pack where price started to move sideways. &nbsp; last between 2 weeks and 2 months. So when looking for this consolidation,&nbsp;&nbsp;
[02:41] make sure it fits that timeframe. Now, when Kristjan mentioned surfing&nbsp;&nbsp; the moving average he meant that he&nbsp; wanted to see price holding around&nbsp;&nbsp; the moving averages. Not going to much higher&nbsp; or lower than where the moving averages were. &nbsp;
[02:54] It s even better if say the s&amp;p 500 which&nbsp; is an indication of the general market,&nbsp;&nbsp; is falling a lot, and the stock you are looking&nbsp; at is still holding the moving average. &nbsp; As that s showing immense signs of&nbsp; strength. As its still holding even&nbsp;&nbsp;
[03:08] So what you want to do is mark the consolidation&nbsp; period and again make sure this move lasts&nbsp;&nbsp; between 2 weeks and 2 months. That is step 2 complete. &nbsp; Step 3 is when we start getting into the real&nbsp; interesting stuff. Where the strategy starts&nbsp;&nbsp;
[03:24] to take place. But first &nbsp;
[04:00] a breakout of this consolidation period. He wanted to see a candle break&nbsp;&nbsp; the resistance of this zone. Now a lot of traders would say wait for a break,&nbsp;&nbsp; than a retest, then enter as soon as price comes&nbsp; back down to the resistance. But Kristjan said he&nbsp;&nbsp;
[04:17] Kristjan would go to a higher&nbsp; timeframe like the daily. &nbsp; He would then enter as soon as&nbsp; the candle broke the resistance. &nbsp; He would then proceed to set his&nbsp; stop loss right below the low of&nbsp;&nbsp;
[04:34] the daily candle that broke the resistance. But for his take profit he did something that&nbsp;&nbsp; your take profit at a 2:1 risk to reward ratio or&nbsp; setting your take profit at a certain percentage,&nbsp;&nbsp;
[04:48] Kristjan set his take profit based off&nbsp; the amount of time that has passed. &nbsp; He said specifically he would sell a&nbsp; 1/3 of his position after 3-5 days. &nbsp; So since we are on the daily timeframe,&nbsp; we just wait for 3-5 candles to appear. &nbsp;
[05:01] Once they do, we can now sell a 1/3 of&nbsp; our position for guaranteed profits. &nbsp; But what happens next is where the&nbsp; real profit starts coming into play. &nbsp; Which brings me to step 5.&nbsp; The trailing stop loss. &nbsp;
[05:18] averages have multiple purposes) Well the 2nd reason why Kristjan used moving&nbsp;&nbsp; So in this current trade, we sold a 1/3 of our&nbsp; position after the close of the 5th candle. &nbsp;
[05:34] What he would do next is raise his stop loss&nbsp; to the entry. This way, if the trade ends up&nbsp;&nbsp; going down, we still made our money on the&nbsp; trade, and we can move onto the next one. &nbsp; But then he would allow the moving average&nbsp; to act as a trailing stop loss so he could&nbsp;&nbsp;
[05:49] get the benefit of these humongous moves. You see, one of the main reasons why this&nbsp;&nbsp; strategies works so good is because its&nbsp; very good at catching monster moves. &nbsp; When doing my testing with this strategy I saw&nbsp; that it wasn t odd to see this specific strategy&nbsp;&nbsp;
[06:03] catch 100, 200, 300% moves. Which catching these&nbsp; moves is where the strategy really shines. &nbsp; So he would move his stop loss to break even&nbsp; then he would only sell the rest of his position&nbsp;&nbsp;
[06:15] once price broke the 20 day moving average. Its also very important to note. The body of&nbsp;&nbsp; the candle must break the moving average. If&nbsp; a wick like this breaks the moving average,&nbsp;&nbsp; we do not sell the position. We only sell&nbsp; once the body of the candle like this,&nbsp;&nbsp;
[06:31] price ride the huge amounts of momentum and wait&nbsp; for it to break the 20 ema. After a couple of&nbsp;&nbsp; weeks it finally breaks the moving average, which&nbsp; we then exit the trade completely. Resulting in an&nbsp;&nbsp;
[06:45] astonishing (% move) (meme) &nbsp; Now I m going to be honest, when testing this&nbsp; strategy with hundreds of trades I found it&nbsp;&nbsp; actually lost more than it won. But since the stop&nbsp; loss is so low and the profits are so ginormous,&nbsp;&nbsp;
[07:00] it actually made way more profit than it lost. For example, if we have 7 losing trades&nbsp;&nbsp; and just 3 winning trades. That s a&nbsp; winrate of 30%. Pretty shtty right? &nbsp; But if those losing traders are only 1% and&nbsp; the winning trades are around 20% each. That&nbsp;&nbsp;
[07:17] means you still profit 53%. So he actually said himself,&nbsp;&nbsp; his trading journal at times is mostly a sea&nbsp; of red but then he gets a big winner. Saying,&nbsp;&nbsp; yeah you could be wrong 8/10 times with&nbsp; this strategy but it still makes huge&nbsp;&nbsp;
[07:32] kotegawa who made 153 million&nbsp; with his trading strategy. &nbsp; And I gotta say, that strategy&nbsp; is absolutely mind blowing. &nbsp;
[07:44] Go check that out, thanks for watching,&nbsp; and ill see you guys next time.