At a tender age of 19, Jack Kellogg embarked on his journey into the world of trading stocks.
With a discerning eye, he meticulously seeks out patterns and diligently observes the top movers for several days, carefully weighing his options before making a decisive move to take a position.
Delving into the heart of his trading experiences, he candidly dissected some of his most significant losses, elucidating the inherent risks entwined with the dynamic world of day trading.
In the fast-paced world of Wall Street, Jack Kellogg emerged as a formidable day trader in 2017, a mere 19 years old at the time. As he bid farewell to his high school days, his peers ventured into college life, but Kellogg faced an uncertain path. Absent scholarships and solid plans, the specter of hefty out-of-pocket expenses loomed over him, igniting a restive sense of anxiety about the future.
Contemplating his options, Kellogg toyed with the idea of becoming a firefighter, lured by the allure of a non-conventional, unpredictable schedule that would grant him the freedom to explore his passions during his off-hours. However, fueled by the $10,000 he meticulously amassed through a dedicated valet job spanning two years, he charted a different course.
Kellogg harbored an unwavering ambition – to attain financial freedom beyond the confines of a fixed salary. His aspirations transcended the mundane paycheck-to-paycheck existence; he sought to be economically empowered, liberated from the shackles of financial constraints.
“In our upscale enclave,” he recollected, “my peers reveled in their opulent possessions and extravagant adventures. Regrettably, my own financial limitations barred me from fully participating in those indulgences.”
With steely determination and an unwavering spirit, Jack Kellogg stepped into the cutthroat world of Wall Street, forging his path towards financial prosperity, breaking free from the confines of ordinary means, and striving to reach the pinnacle of success in a landscape defined by ruthless ambition and unyielding competition.
Hailing from humble beginnings, his parents, a school bus driver and a town electrician, struggled to break free from the relentless grip of financial hardships. Witnessing their plight, he was driven by an unwavering determination to liberate his family from the burdens of financial constraints, fueling his ambition to cultivate wealth from an early age.
In the transformative year of 2017, an encounter with a seasoned trader friend sparked his interest in the enticing world of stock trading. Seizing the opportunity to pave his path to financial success, he opened a Thinkorswim account, boldly depositing $7,500 from his hard-earned savings. As he navigated the tumultuous waters of the stock market, his initial endeavors yielded losses, prompting him to acknowledge the gaps in his knowledge.
Undeterred by setbacks, he chose to embrace a different approach. Temporarily pausing real trading, he delved into the world of paper trading on Thinkorswim and TD Ameritrade, honing his skills and refining his strategies.
Balancing his ambition with practicality, he continued to work as a valet, utilizing every spare moment to enrich his financial acumen. Donning his earphones, he immersed himself in a treasure trove of podcasts and YouTube videos featuring triumphant traders sharing their coveted insights. One podcast, in particular, “Chat With Traders,” served as his guiding light, illuminating the path to success through the wisdom of those who had mastered the art of trading.
With each passing day, he grew more adept, fueled by an unyielding passion to turn his dreams into reality. Armed with knowledge, perseverance, and an unwavering drive, he strode purposefully towards Wall Street, ready to conquer the challenges that awaited him, and to script his own success story amidst the bustling world of finance.
Amidst the whirlwind of financial opportunities, he decided to invest $7,500 in an exclusive online educational program offered by none other than Timothy Sykes, a legendary trading teacher and former penny-stock trader celebrated for transforming his bar mitzvah cash gift into a staggering $1 million in gains.
Resolute in his pursuit of knowledge, he pooled his valet earnings and received a generous contribution from his supportive parents to finance the coveted course. The program granted him access to a dynamic chat room where he engaged with seasoned traders, imbibed daily video lessons, and absorbed real-time market updates and enriching webinars.
Today, at the tender age of 24, his remarkable success stands as a testament to his unwavering dedication. Insider had the privilege to scrutinize his tax returns, revealing jaw-dropping gains surpassing $8 million accrued through astute day trading maneuvers throughout the eventful years of 2020 and 2021. Witnessing an upsurge in his returns during 2020, he triumphed with a total income of $1.6 million. But it didn’t end there – in 2021, his earnings soared exponentially, reaching an astounding total income of $6.5 million.
The exhilarating bull market that dominated the financial landscape over the past couple of years facilitated profitable rides and lucrative gains. However, the current year presented unique challenges, with the bearish stock market and the enigmatic economic climate making traders tread more cautiously. Indeed, Kellogg himself experienced the harsh reality of the market’s unpredictability, commencing January with a staggering $100,000 loss within a mere two weeks.
Yet, such is the way of Wall Street – an arena that rewards those with a steadfast spirit and an insatiable hunger for learning. Kellogg’s journey serves as an inspiration, an embodiment of resilience and perseverance in the face of both triumphs and setbacks, solidifying his position as a formidable force amidst the dynamic realm of finance.
Jack Kellogg meticulously hunts for patterns that bear the promise of profitable trades. Whether it’s the allure of small-cap or large-cap stocks, the defining factor lies in identifying a stock that adheres to a recognizable pattern, surpassing the allure of any specific company or sector.
Kellogg’s trading strategy is finely tuned to capitalize on market movements. When a stock skyrockets beyond reasonable bounds, he seizes the opportunity to short it. Conversely, when a stock plummets excessively, he adeptly goes long, keenly attuned to the market’s volatile rhythms.
His process begins by sifting through a myriad of tickers, seeking out the crème de la crème of the day – the top percent gainers. To streamline his search, he relies on the potent insights of a paid tool called Stocks To Trade, which reveals the stocks that have experienced the most significant upward surges on a given trading day. For those seeking free alternatives, Kellogg warmly recommends Finviz, a valuable resource that also unveils the top daily movers.
Yet, Kellogg’s astute discernment goes beyond mere gains. He appreciates the indispensable role of trading volume in shaping his decisions. Filtering stocks based on their trading volume serves as a cornerstone of his strategy, as he seeks to avoid stocks with meteoric rises on meager trading volumes. Instead, he hones in on the heavyweights, stocks with tens of millions or even billions of dollars in trading volume, exhibiting substantial gains in the range of 50% to 100%.
“I’m not enticed by stocks that surge 300% on a paltry $500,000 in trades,” Kellogg elucidates. “My focus lies on stocks with mammoth trading volumes, indicating real market interest, and showing impressive upward movement. Those are the stocks that command my attention and become the crux of my trading exploits.”
With a keen eye for patterns, an unwavering focus on the right market movers, and an artful blend of intuition and data, Kellogg navigates the dynamic waters of Wall Street, seeking the path to financial triumph amidst the enthralling world of stock trading.