📌26-year-old Greek trader Stamatoudis won the 2023 US Trading Championship with a return rate of 291%, becoming the first Greek to reach this milestone in decades of this top event

😍😍🚀

He went from repeatedly blowing up his positions to making millions of dollars, mainly due to his textbook trading system, which made trading a repetitive money printing machine🤖

The first step of the strategy is to weed and keep the flowers. Excessive trading will make people exhausted. Fundamentals are the fuel of the market/

After the fuel is ignited, the market will have a greater reaction, and the market will not be so fast Cooling down, he will screen those strong varieties with fundamental support every day/

For example, those with abnormally good financial information, major events, major changes in business structure, large liquidity in the crypto market, new drugs or approvals in biotechnology, etc., and will check the headlines and related hot industry news every day/

Without news and fundamental support, the probability of the target rising is relatively high, and the rise without fuel is difficult to sustain~

The second step is to find three trading models and only trade targets that meet the model🥊

The first is the classic breakthrough model, he I like to trade the target whose price is above the MA10/20/50/100/150 moving average of the daily line, and then check the rise of the target in the past few weeks to determine whether the market sentiment and conditions are conducive to the next breakthrough transaction/

It is best that the price of the target in the early stage is a strong upward trend, and then it starts a long period of sideways fluctuation. The longer the fluctuation, the more liquidity is consumed. As the fluctuation amplitude becomes smaller and smaller, the final large-volume breakthrough is the consensus reflection of market participants' expectations for future price increases. At this time, the winning rate of entering the market will be higher/

His exit rule is to use MA10 or 20 moving average to track the exit. When the closing price of the target on the day is lower than the moving average, part of the position is closed, and the remaining position can be moved up to the break-even position to set the exit, or at the MA100 moving average~

🪀The second is the decisive turning model, which is a gap that appears on the daily chart because a certain fuel is ignited, and the price directly leaves the fluctuation range~

This model usually continues to rise in the next few days, because this is usually because some or many changes have occurred in the target fuel, which will suddenly change the market's attitude towards the target/

Stamatoudis will not choose to buy when the price gaps on the first day. He will wait until the next day to enter the market. This is his experience after backtesting hundreds of decisive turning models in the past and trading these turnings. His stop loss is generally set at the lowest point of the entry day or near the low point of the consolidation pattern~

The third type is the parabolic model, which usually appears on the daily chart. The target price has a sharp parabolic rise in a short period of time, such as a 30%/40%/50% increase in a single day, or more than doubled in a few days/

This is a good time to short For example, the PKST he traded, which has a market value of less than $1 billion, rose by more than 400% in five days. This kind of target with huge trading volume after rising for many consecutive days consumed a lot of buying during the rise. When the trend weakened and a red falling day appeared, or a huge upper shadow line fell back after encountering resistance, and the second K line reached the half of the upper shadow line, it was a good time to enter the short order. He finally made a profit of more than 35% on this short order.

It should be noted that the trading risk of the parabolic model is relatively high. Do not keep the order overnight unless you have taken an instant profit and move the remaining part of the position into the short order. The cost price stop loss is set at the position, so the risk becomes controllable~

🖍️This is Stamatoudis's trading data in 2023. He trades twice a day on average, and the total number of transactions for a whole year is about 500. Although the total winning rate is only 32%, the yield rate has reached 291%. The average risk-return ratio exceeds 1:5, and the odds are very high~

Most of the profits here are not obtained on average, but only from 10 to 15 transactions. This asymmetric return is a normal phenomenon/

He usually holds 6 to 7 varieties at the same time, and cannot be at the same time at any time He holds more than 15 varieties at a time. He believes that the more positions he holds, the easier it is to make mistakes emotionally. The average position size accounts for between 13% and 16% of the account funds, and the risk of each order is maintained between 0.25% and 0.4% of the account funds. He has calculated that if he maintains a winning rate of about 30%, he has a 70% probability of losing 10 consecutive transactions in a sample of 50 transactions, which means that if he risks more than 1% of his account funds for each transaction, it is very likely that his account will shrink by 10% at once. This kind of fund retracement will have a great impact on his trading comfort.

So the stop loss must be small and the risk-return ratio must be large, otherwise it is better not to do it than to take too much risk! ! #ETH