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Jack Kellogg’s Watchlist:

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 10/2/2024 4 min read
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Welcome traders,

There’s a HUGE September spiker that refuses to quit in this market!

It spiked 1,100%* between September 6 and 5 …

Then it rallied 130%* between September 13 and 17 …

And yesterday, October 2, the price spiked 160%*!

It’s a short squeeze. The price keeps spiking because there are too many short sellers in the stock. And when bullish momentum pushes them out, they have to buy to cover.

It’s a domino effect that can result in a massive price spike.

And for savvy traders who use our trading patterns … There are solid opportunities to profit.

Take Jack Kellogg for example. Jack is one of the most successful traders in our community, and he’s already traded this price action multiple times in September.

There are some examples below …

Source

Jack’s position sizes are a lot bigger than most of the traders in our community. But understand: This process is scalable.

Jack wasn’t always trading with $100k … He started as a small-account trader just like you.

In fact, Jack used to valet cars for a living.

Now he trades behemoth spikers like this week’s 160%* short squeeze.

And it’s still poised to shoot higher … Here are all the details on this week’s stock spike that won’t quit:

Wheeler Real Estate Investment Trust Inc. (NASDAQ: WHLR)

Jack Kellogg checks his watchlist in Positano
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We’ve seen spike-after-spike from this low-float short squeeze.

StocksToTrade shows that the float is only 197k shares … 

A low float, means that there’s a low supply of shares. And a low supply helps prices spike higher when demand increases.

From a trading perspective, anything below 10 million shares is considered a low float. Which means WHLR’s supply of 197k shares is miniscule.

That’s one of the major reasons why we’ve seen so much volatility from this stock.

Take a look at the chart below that shows WHLR’s spikes in September and October, every candle represents one trading day:

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

You already saw some of Jack Kellogg’s trades from this insane runner. And the price action could match another one of our patterns.

My newest students are using AI to track the price action …

Type the WHLR ticker into the AI bot and it will spit out a trade plan as if you asked me directly!

Plus … WHLR isn’t the only stock that’s moving right now.

Top Stocks This Week

jack kellogg and sykes in italy
© Millionaire Media, LLC

Our small-cap sector is full of volatile runners that are ripe with potential trading profits!

You need to pay attention right now. Learn from me and my millionaire students.

I included Jack’s watchlist below. I had to redact some of the information for legal reasons. My Challenge students get the full watchlist every week and much much more!

Here’s Jack’s watchlist for this week:

Apply to join the Trading Challenge today!

All of my millionaire students came from the Challenge. It’s also where Jack learned to trade.

There are REAL opportunities for traders who understand this process.

Don’t miss out in October …

Cheers.

 

*Past performance does not indicate future results

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* 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”