Someone else mentioned that too. I don't want people to get too hung up on the specifics of how I trade (takes advantage of the UK time zone for one), but there are some key principles to follow that numerous other people mention too, including Kristjan. He actually mentioned during this very stream (somewhere near the end) how every year, he's working on trading less, because he doesn't want to 'spend his life in front of the screens'. (From memory, that was more or less the phrase he used.) There are other big names that talk about this type of thing too.
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My plan is this: some posts in the pipeline are (1) something in depth on how you must learn from but not copy your teachers, with concrete examples, including from my own situation where I feel it's relevant and adds value, and (2) one single post (or another type of publication) that collates everything EP-related. That will include what Kristjan said about how people with a day job can trade EPs if they can just find one hour of their day (https://tradingresourcehub.substack.com/i/124190104/the-ep-setup-with-examples).
Your Work has Inspired my renewed interest:
I use thinkorswim.
My Scan criteria:
QuallyVerse ~600 tickers
close > 1, close < 100
market cap > 5 million and < 15 billion
share count > 5 million and < 500,000,000
AvgVol > 1000000
AvgDollarVol > 10000000
close < close[30] * 2
ADR > 3
My Watch List Filter
QuallyVerse Watch List Filter
#on 5 minute, places volume move on top based on the ratio of the sum of 3 five min bars and 78 five min bars starting 3 bars back.
Round(Sum(volume[3], 78) / Sum(volume, 3), 2)
My Buy Criteria
Buy on big volume with three higher lows on one minute above the daily VWAP.
My Stop Loss
Stop loss under the low of the last price shelf or 5%
My Position Management
Take first profit at:
First consolidation or close below VWAP or close below previous price move.
My Close Position:
On consolidation undercut or any reversal below previous move.
Big volume, no price move.
Can you tell more about filtering on 5 minute ,
kinda loss on volume on 5 minute filter
I love your work!
Thank you!
Another excellent note! Your ability to translate his rambling into terms even people who are not familiar with KK is a treasure!
Would love to hear your trading style and how you manage to trade with a full time job as well :)
Thank you!
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Someone else mentioned that too. I don't want people to get too hung up on the specifics of how I trade (takes advantage of the UK time zone for one), but there are some key principles to follow that numerous other people mention too, including Kristjan. He actually mentioned during this very stream (somewhere near the end) how every year, he's working on trading less, because he doesn't want to 'spend his life in front of the screens'. (From memory, that was more or less the phrase he used.) There are other big names that talk about this type of thing too.
--
My plan is this: some posts in the pipeline are (1) something in depth on how you must learn from but not copy your teachers, with concrete examples, including from my own situation where I feel it's relevant and adds value, and (2) one single post (or another type of publication) that collates everything EP-related. That will include what Kristjan said about how people with a day job can trade EPs if they can just find one hour of their day (https://tradingresourcehub.substack.com/i/124190104/the-ep-setup-with-examples).
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How does that sound?