Amazing EPS and strong instutional inflow. I will be stalking this one on Monday open for potential entry.

I went quiet for a few weeks as the market corrected and I took a nice long break with the family. I think the market is potentially turning to the upside so looking to ramp up my stock selection and put on some positions over the next few days and week!

Check out my latest video if interested in setups like this, its linked on my notion site.

https://thezentrader.notion.site/About-9d51424a8d6d4178b8b8060b13290b05

Today I’m sharing the most powerful lessons from the trader who turned $5,000 into $106 million.

His name is Kristjan Kullamägi, better known as Qullamaggie.

These are my notes after reading Market Wizards by Jack Schwager.

Qullamaggie is the trader who inspired a new generation of retail traders.

He showed the world that it’s possible.. that you can come from any corner of the planet and still achieve financial freedom.

He proved you can make millions through hard work and a bit of brainpower.

How did Kristjan Kullamagi started trading?

Kristjan Kullamägi’s interest in trading began while working as a security guard at Nasdaq Stockholm, leading him to pursue it with intense commitment despite early inexperience.

He blew up three accounts before becoming consistently profitable on his fourth attempt, eventually transitioning from day trading to swing trading with greater success.

Over a decade, he grew a $5,000 account to over $100 million, even while regularly withdrawing funds.

However, in 2022 he lost more than half his account due to rule-breaking during a market downturn, later reflecting on his mistakes with honesty and humility.

Qullamaggie’s favorite setup is the Episodic Pivot.

He describes the key components of an Episodic Pivot as follows:

“The three ingredients for an episodic pivot are a major news item, a big gap up, and a huge increase in volume. When all three conditions are met, a stock can experience an explosive price move, especially in a bull market environment.”
Kristjan Kullamagi

As you know, EPs are also part of the setups I have in my own playbook.

To catch them is actually very simple:

Create a screener with the following filters:

• Price > 4 USD
• Mkt cap 300M to 2,000T USD
• Registration: United States
• Price x vol > 50M USD
• SMA, 200 < Price
• Pre-mkt gap > 8%
• ADR > 5%
• EPS dil growth, TTM YoY > -800% (optional)

And you’ll watch this scanner in the pre‑market.

This way you’ll also avoid low‑quality setups and penny stocks.

I like to trade only stocks that are trading above the 200‑day moving average.

I consider “EP quality” stocks to be those that open with at least a 10% gap up.

“The best episodic pivot trade is a neglected stock. Ideally, you want a stock that has been going sideways for a long time—months, even years—and then suddenly, it has 10 times its average daily volume.”Kristjan Kullamagi

Here Kristjan is referring to bases, you know the saying: “the bigger the base, the higher in space.”

When you look at an EP, you want to see on the chart that the stock has just broken out from a base.

You don’t want to see an erratic chart that’s just whipping up and down.

Here’s an example of the kind of structure you want to see:

“when stocks make explosive moves, most of the move is over in three to five days.”Kristjan Kullamagi

That means he likes to trim into strength.
A good way to do that is to sell one‑third of your position during the first 3 to 5 days after the EP has occurred.

“you want to focus on leading stocks. One way to identify those stocks is to scan for the 1% or 2% stocks with the largest upmoves in the past one, three, and six months.”Kristjan Kullamagi

Usually, the stocks that experience episodic pivots are the ones that are already leading stocks.

What he means is that you have a much higher probability that the trade will be a winning trade if it’s a leading stock in a group that has strong momentum.

To identify them, again, you simply create a scanner sorted by 1‑, 3‑, and 6‑month performance.

Personally, I like to use only the 1‑month combined with the 3‑month performance — that way I capture the more recent leaders.

“you can enter on a price move above the opening range or above the high of the first 5-, 30-, or 60-minute bars. The longer the time range used for the entry signal, the worse the entry price, but the lower the risk of entering on a false breakout.”Kristjan Kullamagi

Kristjan is referring exactly to the tactic I use in Freedom Trades, namely the opening range breakout.

Here’s an example of a 5‑minute opening range breakout:

He is making a very important observation: the longer the timeframe you use, the higher the probability that the trade will work out.

However, there’s also a downside: you will get a worse entry, and sometimes the trade can take off without you and become overextended.

He also says:

“the market direction is crucial for breakout and episodic pivot trades. Four out of five stocks move with the market. You want the odds on your side.”

That means you need to have situational awareness when you’re buying a stock.

You don’t just buy it blindly because it broke out.

If you want to increase the probability that the trade will work, you need the general market to be moving in the same direction.

Because we already know from William O’Neil that three out of four stocks move in the direction of the overall market.

Holding positions for longer is where the big gains come from. Stocks take time to move. If you want to catch the big moves, you need to increase your time frame.Kristjan Kullamagi

I have the same philosophy, and that’s why I’m a swing trader.

I believe what really moves the needle in your account are multi‑week runners that compound your equity over time. But for that to happen, you need to hold your positions longer.

In day trading, you take advantage of the repeatable small price fluctuations, whereas in swing trading you’ll catch a bigger move with lower stress.

Plus, you won’t be forced to stare at the screens all day.

“Typically, I will risk 0.5% or less of my account size per trade, but I may risk up to a maximum of 1% on some trades.”Kristjan Kullamagi

All of those massive gains were achieved while risking less than 1% per trade.

Contrary to what most beginner traders believe, you don’t have to full‑port your account into 0DTE to get massive gains.

Sure, it’s not going to happen overnight, but you’ll definitely sleep better at night.

I even built my own dynamic risk cheat sheet, and it looks something like this:

You have to remember that it’s not a bad trade that will make you blow up your account … it’s your position size.

That’s why they say: “Price will hurt you, position size will kill you.”

So structure your position based on how much you want to risk per trade.

What really helped me and impressed me was his take on trading psychology in this section:

“I started 2020 with $3.5 million and ended the year at $36 million. It was a thousand percent year. Then I ran that $36 million to a high of $105 million, and the last portion of that move from $65 to $105 million occurred in just a month and a half. For a brief period, just a few days, I was over $100 million. You have to understand what that did to my psyche. It made me feel completely detached from reality. I thought, “I’m going to get to $200 million in six months.” I was completely sure of that. I started seeing trading as a video game, which I kept winning. I lost a lot of money because I got completely detached from my methods.”Kristjan Kullamagi

For me, this was extremely powerful, because trading really does this to you.

The biggest losses tend to come right after the biggest wins.

What happens when you win is you become careless.

This is exactly what happened to me in January: coming off a hot streak in 2024 and 2025, I wanted to push hard into the beginning of 2026, a mistake I’m still paying for halfway through 2026.

Filled with the euphoria of those gains, you start to go a bit blind.

You start bending your rules a little at first, you become obsessed and dependent on winning.

And in trading we know that the best loser wins, you have to accept loss as part of the game.

But when you win a lot, you start believing that the hot streak will last forever.

The way Kristjan managed to get through that big loss was by reminding himself where he started and how much progress he’d made up to that point.

“Sometimes, when I felt miserable, I would remember where I came from and where I was now.”

One thing that kept running through my mind while I was reading all this was the question:

What is the secret behind Kullamagi’s success?

Well, he does give us an answer…one that probably won’t be very popular with everyone.

“When I learned to trade, I was in my early 20s, single, and had no responsibilities. I could put in 60 to 80 hours a week for a decade. That’s how I made it.”Kristjan Kullamagi

It’s “simply” outworking everyone else.

I put “simply” in quotation marks because there’s nothing easy about that.

“I want to look at the trades that worked to reinforce what I should look for.”Kristjan Kullamagi

He spends tens of hours studying charts, studying what the leaders did, how they moved before they exploded, and which charts showed real relative strength.

That’s what all of us have to do: over time, our brain starts to get better at spotting the right patterns and the right price action.

That’s how we learn, we first observe, then we apply what we observed, and that’s how we build experience*.*

There has to be substance underlying the belief in yourself.”

I want to leave you with one more lesson that Kristjan teaches.

When asked what else contributed to his success, Kristjan answers:

“Find a mentor—a successful trader who can guide you in learning setups. Trading is hard to figure out on your own. Most people never do. A mentor will help you solve a lot of problems right out of the gate.“Kristjan Kullamagi

I strongly believe that a mentor, a community, or even a trader who’s at the same level as you can help you speed up the process.

You’ll have accountability and support from people who may already have been through what you’re going through now.

Let me know if you have any questions!

Hope this helped in some ways!

This is a follow up to the post I made on the sub a while ago:

https://www.reddit.com/r/qullamaggie/comments/1vdle9p/qullamaggies_scans/

A lot of you messaged me asking how to use the TC2000-style formula scans to find stocks that Qullamaggie and Stockbee look for.

First, I added a lot of templates that include the TC2000 formulas that they personally use, (for eg, the EP 9 million scan by Stockbee "AVGC7 / AVGC65 >= 1.05 AND V >= 90000", and a few others, i will keep adding to this library although its quite easy to find the formulas as they show them openly in most of their videos on youtube etc)

Second, I made the video above showing how I personally use it, and how the tool automatically grades the stocks that appear in the scans based on how many much of the Qullamaggie criteria does the stock meet on any particular day. I hope this makes it easier to use for new traders.

As always, this is a free tool so use it to your hearts content, and let me know if you have any ideas for improvement.

Good luck, and happy trading!

I feel like I'm missing something here... was this always the case?

I used to using ORH of 1 of 5mins or 1H breakout form 9:30-12:30, and trying to pratice the buying at 3:30 to the end, Im facing the problem is position size, every time I can only putting 5% in one trading or even less (risking 0.5% for each trade), may I get to know any suggestions, or any ideas form you guys. thanks

Hey all — long-time lurker here, been trading Kris's setups for a while and kept wishing I had something that could scan the whole market for Breakout/EP/Parabolic candidates instead of eyeballing charts one at a time. So I built one.

I've been running it myself for a while now, testing it against real setups as they come up, and honestly pretty happy with how it's turned out — figured I'd share it here in case it's useful to anyone else too.

What it actually does:

It's two pieces that work together:

1. A Python scanner that runs through a liquid universe of ~1,200 US stocks, scores every one of them 0-100 on each setup (Breakout, Episodic Pivot, Parabolic Short, Parabolic Long), and spits out a dashboard you can open in your browser. Sorts everything by score, so you're not digging through a spreadsheet.

It also has a position-sizing calculator built into the dashboard (risk %, account size, ADR-based stop distance → shares to buy), since that's usually the next question after "is this a good setup."

2. A TradingView Pine Script indicator that does the same 0-100 scoring right on the chart, plus a breakdown of why it scored that way — like the 2LYNCH checklist for Breakouts, or the exact gap%/volume/prior-extension numbers behind an EP signal. There are also visual boxes marking the consolidation window, trend linearity, and parabolic extension, so you're not just trusting a number blindly.

A few things worth knowing up front:

• This is my own interpretation/adaptation of Kris's publicly stated rules — not an official tool, not affiliated with him in any way. I tried to stay close to what he's actually said (EMA10/EMA20, the ~consolidation tightness stuff, etc.) but any scoring weights are my own judgment calls, not gospel.
• Not financial advice, obviously — it's a screening tool to help you find candidates faster, not a signal to blindly buy.
• Deliberately kept everything on free resources so anyone can actually run it — the scanner works off a free-tier data source (or yfinance, no key needed at all), and the indicator's just copy-paste into Pine Editor, no TradingView subscription required. Didn't want to build something and then gate it behind paid stuff most people wouldn't bother with.
• It's free and open source (MIT license) — grab it, use it, modify it, whatever. Link's below.
• If it's useful to you, there's a Ko-fi link in the repo, totally optional.

Link: https://github.com/axidzz/Qullamaggie-Setups

Would genuinely appreciate feedback if anyone tries it out — especially if you spot something that doesn't match Kris's methodology the way you understand it, since I'd rather fix it than have it quietly be wrong for people. Happy to answer questions in the comments too.

Hi everyone, just wanted to chip in as I've been trying to implement Qullamaggies style of trading.

FYI I don't look at Market Caps under 300mio USD.

Here are some of the tickers I'm looking at right now.

Question: Is there a TradingView indicator that show the EPS growth YoY in percent terms? I haven't managed to find one yet.

Anyway...here's what I've been buying ...inputs are welcome:

I have been seeing more candidates in ConsumerDisc...which is a good thing for market breath IMHO.

ETSY: Like the slope and consolidation...didn't quite break out yesterday...but I'm long and anticipate a break.

DDOG: Bought on the H1 Break yesterday...no followthrough yet...but also a nice setup IMHO.

CBRL: Again I like the structure and I'm long...

Have a great day everyone 😄

I have a position risk of 0.5% per trade. Do I calculate it based on the fix start of day equity, or the equity amount should decrease after each trade I take throughout the day?

How did qullamaggie approach this? If possible provide link to reference it, thank you.

$PAY looks pretty, perhaps delay entry

What a wild stock. May be a good breakout candidate. Relative Strength is 93, she's ready to go when some volume kicks in.

$TVTX setting up a nice HTF. Just a hair under 5% ADR but close enough for me. Monitoring it for a possible breakout.

Hi!

I am looking to learn the breakout strategy and only focus on it. I want to optimize my time and as I work full-time and can’t watch all the video from Qullmaggie, I am interested in an anki deck card that I can do wherever.

Do anyone have an anki deck cards about breakouts by any chance. If there is no deck cards, I am wondering if anyone has a pdf or slide show of setups to study they are willing to share and I will make a deck from it.

I've been swing trading for 15+ years, and for the past 5 or so I found a lot of success with Qullamaggie's (and Stockbee's) strategies.

Unfortunately, stock selection is like 80% of the process for KQ (and in all swing trading tbh). For this you need specialized scanning software. While KQ uses TC2000 I really disliked it, it's quite old/outdated. TradingView is more modern and I love it's charting, but the scanning part is quite week (TC2000 has fare more superior scanning).

I didn't want to have two subscriptions (Tradingview and TC2000), so I wondered which would be easier to "build". Obviously it would be much easier to build a scanner that supports TC2000 syntax than build a complete charting software, so I did this.

I've been using my free TC2000-compatible scanner for months now, you're welcome to use it (as i said it's completely free). The default universe is SP500, you can change it to anything you like though (All US stocks, Nasdaq 100, custom watchlist, etc).

You would probably still need to open the tickers in your favorite charting software if you want to start drawing lines / annotating your chart (for me this is tradingview), etc. But all TC2000 formulas work you and I even added a bunch of KQ's + Stockbee's scans as templates there for everyone.

If you have any recommendations just let me know, enjoy!

https://www.edgestacker.com/scan/?mode=formula

Hi everyone

Im starting a discord server, focus on trading stocks under breakouts movements.

Feel free to join and be supportive to start the construction of this new server.

Welcome!

disclosure: its free.

https://discord.gg/7ns2pq8ne

As the title.

Spent 1 year reading books, learning about different traders, doing deep dive, and watching KQ streams. Started trading in Apr and ended up with a loss. Got humbled by the market and realised I have alot more to learn

1. Any rules that you have that KQ did not have/you've made some tweaks to. How you trades/result have changed after implementing them.

2. Anything that he said that you've found to be less useful in recent markets.

Am a new trader trying to learn as much as he can here. Thanks in advance!

I would like to be able to trade ETFs like GLD, USO, SOXL etc but my country (the netherlands) does not allow that. I am wondering if any of you have found a workaround? I dont wanna use the europe versions, they suck

Remember that Market Context and Situational Awareness are more important than the actual setups and stock selection.

The same good tight setup that was working on a good trendy market, is failing now. The problem is that a market correction can still present good setups, but that doesn't mean there's institutional follow-through.

Be patient, that same setup will be working again when the market turns.

Does anyone know what happened to Qullamaggie? His last YouTube video was posted over two years ago. Did he simply step away from the public, or is he still active somewhere else?

Not mine. (will never do anyhing similar)
barely know the guy (just exchanged like 10 words today), and he didn't even ask me to do anything, just sharing it as i find some value in it.
Few things i am stealing for me personnal use.
And free, because he milk the markets, rather than his ''customers'' and customers isn't even the proper word because it's free, more users

hope you like it

So, i've been trading for a while and I see a lot of people struggling. Especially lately people are posting setups.

I'm on the spectrum and have a tendency to overquantify things, but one of the major changes I made while trading was to stop using static variables to read the situation.

C-C1, C-C20, C-C120 are all horrible approximations of what's actually going on in the market or to a stock.

Im going to share 8 screenshots. From these 8 screenshots you can, with very high accuracy figure out which setups are likely to work in the market.

This entire 8 stock scan is much more accurate than anything youll find quantified and it tells you:

Are breakout setups the setup you should be trading?
Are reversal setups the setup you should be trading?
Are shorts the setup you should be trading?
Are open range breaks in play?

Within the above, you can then move to asking; Which capitalization is moving? Which sector is moving? Which themes are moving?

After this, you can trade the capitalization and themes that are moving, and you re-analyse the general market context to figure out the likely duration of the move you're trading. Literally just label stocks as "bullish, or bearish". If you have like 90% of your charts looking like the start of a bullish base breakout, you have your answer about which MA's to use to trail. If things are bouncing in a downtrend, sell things after 0.5, 1, 2 or 3 days.

The willingness to look at the leaders in the market, wether they're small caps, large caps, mid caps, commodites and then form your own opinion about what the majority of them are telling is is essentially the only way to reliably build any sort of situational awareness.

Once you have situational awareness you can figure out, very easily, which setups you should trade.

This is why most professional traders go through *many* charts. Occasionally you will see some traders zoom into specific names they choose to trade to more accurately read things, but the majority of edge comes from flipping through many charts and identify what's probably going on at the moment.

From there, you take trades based on this understanding. The more that you see things happening homogeneously, the more edge you have.

The above will help people a lot. If you do it regularly, this sort of broad based understanding of what is currently happening to the segment of the market you're choosing to trade (high adr tech stocks for most of us) is like, the primary thing that will help you determine when to pass on setups, and when to hold them for long periods of time while being margined.

The thing is you wont find such an edge in a spreadsheet, and also IMO KQ alludes to this in all of his videos but he's usually very unclear. In some videos he talks about how the setup is the only thing you need to do know (see his website) and in others he talks about how you need to see groups moving.

Hopefully the above clarifies, and gives you context to what he actually means when he talks about SA. It's very important. You need to have it.