timothy sykes logo

Trading Lessons

Jack Kellogg’s #1 Stock Right Now

Timothy SykesAvatar
Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 10/4/2024 4 min read
Jack Kellogg’s #1 Stock Right Now Thumbnail

Welcome traders,

The #1 stock in the market right now … It’s the product of a larger global catalyst.

Last week, tensions unfortunately escalated in the Middle East.

I never hope for violence in the world.

But as a trader and a mentor, it’s my job to point out profitable setups as a result of global catalysts.

For example, after Russia invaded Ukraine in February of 2022, Houston American Energy Corporation (AMEX: HUSA) spiked 1,000%*.

Take a look at the chart below, every candle represents one trading day:

HUSA chart multi-month, 1-day candles Source: StocksToTrade

There’s always a chance that we see oil & gas stocks spike higher during times of conflict in oil-dense areas of the world.

In fact, during the Middle East tensions last week, HUSA showed a bit of bullish volatility. In total, it ran 40%.

HUSA is a good stock to add to your watchlist … But it wasn’t the biggest runner.

As traders, we want the price to spike as high as possible so that there’s a larger range to trade.

Think about it like this … It’s easier to take 10% from a 100% move than from a 40% move. Make sense?

The #1 Oil Stock Right Now

jack kellogg and sykes in italy
© Millionaire Media, LLC

I’m not the only trader who’s watching this stock …

Jack Kellogg sent out a video on Friday detailing his setup on the hottest oil stock in the market.

You can watch it below:

Indonesia Energy Corporation Limited (AMEX: INDO) launched higher last week amid the Middle East events.

More Breaking News

It spiked 100% in total!

And traders in our niche had perfect trade patterns to capitalize. Take a look at the post below from Fernando, another trader in our community:

Source

Plus, my newest students can use AI to track these volatile stocks!

I trained the AI to scan the market using my framework. This week …

>> Enter INDO into the AI and it will spit out a trade plan <<

I’ve already traded this price action multiple times using this exact framework.

And the price is still up … That means it could push higher.

Take a look at that chart below:

INDO chart multi-day, 1-minute candles Source: StocksToTrade

Unfortunately, it’s possible that we see tensions overseas escalate further this week.

But … That also means we could see a follow-up spike from INDO …

I’m not hoping for more violence in the world.

At the same time, if INDO spikes higher, I’m ready to make a trade.

Stay informed and stay prepared!

Cheers.

 

 

*Past performance does not indicate future results

How much has this post helped you?

(0 votes, average: 0 out of 5)
Leave a reply

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”