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Lessons From Students

Jack Kellogg’s Next Trade

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Written by Timothy Sykes
Updated 7/11/2024 5 min read

Jack Kellogg and I are in Italy right now holding LIVE trading webinars for students.

See my post on X below:

Jack is one of my most successful students. All my new students learn A LOT from his success.

For example, he still trades the same kind of stocks from when he started in 2017:

Low priced spikers!

A lot of people think that my students grow out of penny-stock plays as they find trading success. Not true …

This is the best sector for small-account newbies and millionaire traders alike.

  • Traders can start with a small account due to the cheap share prices.
  • They can ride the percent gain for larger potential profits when compared to higher priced stocks that only move a few percentages.
  • And traders can size up their positions overtime using the same patterns as they grow confidence.

Jack started in 2017 with $3,000.

These days, his position sizes are MUCH larger. But he’s trading the same kinds of cheap stocks. Take a look at Jack’s trade notes below from July 10 this year.

Source: Profit.ly

And the stock he traded never spiked above $4 …

Jack is trading with $150,000 positions. But he’s playing the same setups as newer students. You can follow these setups too!

The stock that Jack traded on July 10, it’s still in play …

The Next Surge Upward

jack kellogg on laptop
© Millionaire Media, LLC

Jack shares his top trade setups openly as they develop …

Anyone who paid attention this week had a chance to join Jack for his trade on Pineapple Energy Inc. (NASDAQ: PEGY) from July 10.

Don’t worry, this stock is still in play … And it’s not the only one (see Jack’s top trade setups right now).

PEGY spiked on July 8 during after hours when it announced a partnership with Conduit Capital for business services and a possible monetary investment. The total move measures 150%* so far …

Jack didn’t trade it on the first day of the spike. Instead, he waited for the price action to show a solid entry above support.

Then he sold his position into a strong surge upward.

Take a look at the chart of PEGY below, every candle represents one trading minute:

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

Notice the consolidation on July 11, that’s a hint the price could spike higher!

Now, there’s no guarantee that PEGY pushes to new highs …

There’s never ANY guarantee in the stock market. Anyone who says otherwise is lying.

That’s why we use popular trade patterns to keep our accounts safe.

Jack was using a trade pattern to profit from PEGY on July 10.

And get this … 

It’s the same trading framework he used when trading with a smaller account. It’s the same framework that I use. It’s the same framework that all of my millionaire students use.

Our Framework For Profits

kyle mari and jack
© Millionaire Media, LLC

These volatile stocks can follow a common framework because people are predictable during times of high stress.

It’s the same pattern over and over again. We just apply the framework to the next hottest stock.

And in 2024, I was even able to teach this process to an AI bot.

So far the results are stellar!

These days, my students don’t need to wait for my trading webinars (although they should still tune in). Instead, they can use this AI to track the market’s hottest stocks in real time!

Earlier I mentioned that PEGY wasn’t the only stock in play right now …

Our AI trading bot, XGPT, alerted another trade opportunity on the afternoon of July 9 for NaaS Technology Inc. (NASDAQ: NAAS).

Here’s what happened next …

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

Stop wasting time in this hot market!

>> Get the next AI trade alert from XGPT <<

The AI follows my specific process for success.

And there are more major opportunities TODAY!

Cheers.

 

*Past performance does not indicate future results


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Author card Timothy Sykes picture

Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* 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”