Kristjan Kullamägi (Qullamaggie): Stream 36 - Stream 40 [Dec 2019] - Notes
A Review of Kristjan Kullamägi's Livestreams (Stream 36 to 40)
Over the months I have gone through every stream that Kristjan Kullamägi (@Qullamaggie), a prolific momentum swing trader, has ever posted. Below I have categorized my notes into topics relating to his streams. Comments made by me, on my thoughts on a particular note, are italicized.
For reference, the chart below shows the overall market (SPY 0.00%↑) KK was trading in, at the time of the streams:
Stream #36: “Biotech MANIA? Dec 18, 2019”
Stupid Stocks:
The stupid stocks are the best stocks, because those are the ones that can make the biggest moves.
Breakout Setups:
You want to see a stock trying to break down or pull back and it gets bought up immediately, that’s a sign of strength.
Stream #37: “Biotech moonshots can’t pull back! Dec 19, 2019”
Nothing useful
Stream #38: “Biotech CRAZINESS continues. Dec 20, 2019”
Penny Stocks:
I don’t want to go too crazy with sub-dollar stocks but when in a very hot market, those things can go and you should never underestimate momentum, those things can 2-3x very fast, doesn’t matter how sh*tty they are, they could be literally days/weeks from bankruptcy.
Breakout Setups:
Referring to AMZN 0.00%↑: Looks good on the weekly, long multi-year flag. Had a big move, pulled back sideways for a while and now it’s building a range here.
Stream #39: “Great trading opportunities everywhere! Dec 27, 2019”
Breakout Setups:
Example of a Breakout trade KK made.
Referring to KOD 0.00%↑: KOD I bought a couple of days ago around $70 or so, with a High Tight Flag (HTF)… why can’t this thing go to $90 in this market?
FCEL 0.00%↑: Another example of a Breakout trade KK made. Has a very tight consolidation before gapping up and breaking out.
Referring to HTHT 0.00%↑: This is institutional accumulation over many years. It had a big move, went sideways, pulled back, and been building Higher Lows (HLs) for a year. It breaks out with good earnings estimates. This is what you’re looking for. This is amazing look at this thing, this is when institutions really want to get in, that’s when you get charts like this.
BioTechs / Tools:
He uses “https://www.biopharmcatalyst.com/” to analyze biotech companies
Stream #40: “$300K profit on RAD 0.00%↑ short to end an already great year! Dec 31, 2019”
Sh*t Stocks:
In a hot market, I am in sh*t stocks because this is the market for them, either they go or they don’t, some of them have already made huge moves, even if just one in five goes if they 2 or 3x that’s pretty good.
Breakout Setups:
Referring to OCGN 0.00%↑: I bought it yesterday at 43¢, went up 35% very quickly.
Referring to SVRA 0.00%↑: These stocks that go up on nonsense news, breakthrough on totally meaningless news but the momentum is there. These are the best ones when they go up on nonsense news, there’s a lot of fundamental guys that short and they don’t understand just because something is up several hundred percent on nonsense news they can keep going up another several hundred percent, and then they panic and that’s what creates opportunities for guys like me.
Parabolic Short Setups:
Look at the move on NVCN 0.00%↑, it actually took out Opening Range Lows (ORLs), reclaimed VWAP took out Highs of the Day (HoD), and now took out Lows of the Day (LoD)again. What a tough trade. This is why I don’t trade first day Parabolic Shorts. Even if they eventually go lower, they do so many stupid things, I almost never short day 1 and this is the reason, it’s just not worth it. This is why I wait for things up several days in a row, let them exhaust themselves, and then I just come in and hopefully just get a totally zero headache trade.
FCEL 0.00%↑: Is not a short right now because it’s not up enough. Every time the stock goes sideways a couple of days the counter resets so this is actually the first up day the way I see it. It had a first leg higher a couple of months ago, went up almost 300% pulled back went sideways, now it’s up another leg higher over 100%. I look for stocks up 2 - 4 days in a row, now it’s only day 1.
As always, hope you all enjoyed and learned something!
-F4VS
Index:
Stream 36 - 40 [Dec 2019] - Notes