It is an exhaustion setup. It works best on high-quality funds owned stocks. $APP is owned by 3227 mutual funds.
When selling exhausts itself and the last seller has sold, no one is left to sell, which attracts buyers.
It is a structural tendency of the market for such stocks.
Plus hundreds of newsletters that look for reversals, supports, levels, scan for them at night, and put them in their newsletters for the lemmings to buy the next day. So that helps if you buy before them.
If you Deep Dive this tendency, you will find it works.
I scan for such setups, qualify them using a set of criteria, buy at 3.58 PM on the day of the signal, and set a tight stop.
Qullamaggie on Longest Drawdown and Having 3-6 Month Drawdowns Every Year
“After reviewing your historical performance, I don’t know where you got my historical performance from - but if you paid attention, my longest drawdown was in 2015 — it lasted nine months. I have drawdowns that last three to six months every single year. It’s a feature, not a bug.
Reviewing my performance… well, if he was studying me reviewing my performance, he would know I had a nine-month drawdown in 2015 and that I have three-to-six-month drawdowns every single year.”
Part time traders are constantly trying to figure out how to quit their job and trade full time.
Full time traders are secretly trying to figure out how to quit full time trading and have another income stream. 😬
Duniya sach mein gol hai.
Grass dusri taraf hi green hai. 🤣
Locked in these 4:
• PARAS: Fully booked (64% gain)
• DATA Pattern: fully booked (7% gain)
• CleanMax: fully out (BE)
• Ramco System: Locked half (26% gain so far)
The reasons behind these are simple:
- CleanMax returned to the Pivot & I simply followed that "Winning Horses never come back to the Gates."
- Data Pattern loses momentum and comes below 10EMA.
- PARAS Defence, back to back 4 down days and testing 10EMA
- RAMCOSYS, run 29%, 26% from my buying, so locked into strength. Risk-free & profitable.
No recos, DYOR!!
Some Rules at the top of my head -
1. Book some profit in strength at 3-5R (ADR multiple helps)
2. Maximum 3 positions a day
3. Try not to overlap swing and intraday trading
4. Don't trade setups in isolation - trade your capital/journal
After years of experience trading the market,
The more time you spend analyzing a setup or checking your watchlist, the more likely you'll find a trade you shouldn't take.
Good trades are obvious to your trained eye.
Don't look for a trade. Let it come to you.
Dan Zanger holds the world record
for the biggest one-year return in market history.
29,233%.
He did it following 10 simple rules.
Here they are 👇
(Save this one.)
Very few traders have the ability to go deeper or vacuum information find out old post and dig deep.
This is not at all easy game and those who are just looking for ready information seldom make it in my experience. This is what @Qullamaggie did once he became aware of EP
He also went though every post on Stockbee site once he joined.
Lot of people want to make money like him but just don’t have the work ethics to put in effort or just use simple google search.
Good traders are innovators. They find better ways to do things. They are creative. They view the same setup or market situation differently and design strategies to extract profit.
Creativity is required to reduce drawdowns or to judiciously use margin to enhance returns. Creativity is also involved in designing entry or exit strategies. If you study successful traders, they have innovated in these areas. They do not follow the most commonly discussed techniques, indicators, or setups the way the vast majority do mindlessly.
There is too much talk in trading communities about discipline and psychology, but not enough focus on creativity.
If you are not creative and innovative as a trader, it is unlikely you will last much longer, even if you focus a lot on discipline or psychology.
Good traders look for good ideas. They are constantly innovating on setups, entry, exit, risk, and other parameters. They always have new and fresh ideas. They hunt for new ideas and try to incorporate them in their trading.
If you want to improve your trading, start generating and collecting new ideas. Fresh ideas will give you a fresh perspective and fresh ways to make money.
This is why every day I start my day with these tools
Mark Minervini wrote the rules for this pattern in his book.
#Apollo Micro Systems is following them line by line right now.
Rule 1: "Explosive move on huge volume — 100% in less than 8 weeks." Apollo: +150% in 8 weeks. ✅
Rule 2: "Moves sideways, not correcting more than 20–25% for 3–6 weeks." Apollo: tight box near highs. ✅
Rule 3: "Volume contracts considerably before breakout." Apollo: volume drying up this week. ✅
This is a textbook High Tight Flag.
The book calls it the rarest and most powerful pattern in the market.
Fresh Breakout Above 450, once it is crossed, the stock can go another 100 % from those levels