π Christian Colomagi is a successful stock trader who started from humble beginnings.
πΌ He learned about swing trading and developed a strategy based on recurring patterns.
π° Over 10 years, he turned a small trading account into $82 million using this strategy.
π Upon investigation, it was discovered that the trader uses a paper trading account for analysis and a separate platform for actual trades.
π° The trader has reportedly made an astonishing $360 million in 2021, quadrupling his initial account.
π‘ The trader's strategy is based on identifying and capitalizing on high tight flag patterns for explosive upward moves.
π The strategy involves buying breakouts and selling half the position for profit when price exits its range.
π Exiting the position is necessary when price closes below the 10-day moving average or breaks below the low of the entry day.
π A stock screener called Finviz is used to find stocks that meet specific criteria, such as being up at least 30% in the past three months.
π Crypto exchanges are becoming strict on KYC verification, limiting options for US traders.
π° Femex offers a new token and a chance to mine it exclusively for those holding a Soul pass.
ππ Using risk management strategies, the trader sets a stop loss to limit potential losses.
π° The speaker followed a trading strategy and made significant profits on two trades.
π However, the speaker encountered a loss on the third trade, causing their overall profit to significantly decrease.
π The speaker felt discouraged and realized the need to reevaluate their approach.
π The key to the millionaire trader's strategy is waiting for the perfect setup that has the potential for big profits.
β³ Although the win rate is only 30%, the trader's advantage lies in the small stop loss and the high potential for profit.
π° By trading a cryptocurrency that moves fast and has big price movements, the trader tested the strategy and found a potential candidate with a strong uptrend.
π° Executing a successful trade using a millionaire trader's strategy, resulting in significant profit.
π΄ Unable to monitor the trade overnight, the trader set a stop loss at break even and woke up to a skyrocketing price.
π By following the strategy and selling at the right moment, the trader made a substantial profit of 10% in just 24 hours.
Behavioural Science and Artificial Intelligence
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