From Mall Cop to Millionaire Trader: The Strategy That Made $82 Million
A former mall cop turned millionaire trader shares his swing trading strategy, resulting in $82 million over 10 years.
00:00:00 A former mall cop turned millionaire trader shares his swing trading strategy, which has turned his small account into $82 million over 10 years.
📈 Christian Colomagi is a successful stock trader who started from humble beginnings.
💼 He learned about swing trading and developed a strategy based on recurring patterns.
💰 Over 10 years, he turned a small trading account into $82 million using this strategy.
00:02:17 A millionaire trader's strategy is examined, revealing his success and the basis of his trading approach using a high tight flag pattern.
🔍 Upon investigation, it was discovered that the trader uses a paper trading account for analysis and a separate platform for actual trades.
💰 The trader has reportedly made an astonishing $360 million in 2021, quadrupling his initial account.
💡 The trader's strategy is based on identifying and capitalizing on high tight flag patterns for explosive upward moves.
00:04:34 A trader's breakout strategy involves buying when a stock exits its price range. Selling half for profit, adjusting stop loss, and waiting for price to close below the 10-day moving average. Using a stock screener, specific stocks were chosen for analysis and trading.
📈 The strategy involves buying breakouts and selling half the position for profit when price exits its range.
📉 Exiting the position is necessary when price closes below the 10-day moving average or breaks below the low of the entry day.
🔍 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.
00:06:52 A trader copies the strategy of a millionaire trader and shares their results. They discuss a new opportunity for US traders to trade crypto and mine a new token.
🔍 Crypto exchanges are becoming strict on KYC verification, limiting options for US traders.
💰 Femex offers a new token and a chance to mine it exclusively for those holding a Soul pass.
📉🔒 Using risk management strategies, the trader sets a stop loss to limit potential losses.
00:09:10 Trader's strategy leads to initial success, but a series of losses and setbacks leave me discouraged and questioning where it all went wrong.
💰 The speaker followed a trading strategy and made significant profits on two trades.
📉 However, the speaker encountered a loss on the third trade, causing their overall profit to significantly decrease.
😔 The speaker felt discouraged and realized the need to reevaluate their approach.
00:11:25 I replicated the strategy of a successful trader. Despite a low win rate, his big winners outweighed the losses. I tested the strategy on a fast-moving cryptocurrency and found a promising uptrend. I took a chance and placed an order.
📈 The key to the millionaire trader's strategy is waiting for the perfect setup that has the potential for big profits.
⏳ Although the win rate is only 30%, the trader's advantage lies in the small stop loss and the high potential for profit.
💰 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.
00:13:42 A trader copies a millionaire's strategy and makes an 850% profit in just a few hours. Despite sleeping through the trade, the remaining half of the position still yields over $1,000 in profit the next day.
💰 Executing a successful trade using a millionaire trader's strategy, resulting in significant profit.
😴 Unable to monitor the trade overnight, the trader set a stop loss at break even and woke up to a skyrocketing price.
📈 By following the strategy and selling at the right moment, the trader made a substantial profit of 10% in just 24 hours.
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