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Follow Our Trades This Week

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 10/9/2024 6 min read
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Welcome traders,

There have already been multiple opportunities to trade successfully this week …

  • Nuburu Inc (AMEX: BURU) spiked 190%*.
  • WW International Inc. (NASDAQ: WW) spiked 120%*.
  • Ontrak Inc. (NASDAQ: OTRK) spiked 200%*.
  • Laser Photonics Corporation (NASDAQ: LASE) spiked 140%*.
  • Banzai International Inc. (NASDAQ: BNZI) spiked 140%*.
  • Momentus Inc. (NASDAQ: MNTS) spiked 140%*.

For every stock spike, we wait for the price action to match one of our trade patterns. Then, we buy shares and ride the momentum.

There IS a science behind this.

My students and I are a perfect example. There’s a whole community of traders who use our specific patterns to trade these runners.

See the post on X below:

Source

Take notes when you’re digesting these trade positions!

These patterns will repeat in the market.

And the more trades that you see, the closer you are to truly capitalizing on this process.

Here’s why you need to study trade examples: These patterns repeat. But every spike is a little different, like a snowflake. Which means that the patterns might look a little different on each spike.

But understand … it’s not rocket science, it just takes time and commitment.

In fact, I even taught an AI bot to follow these setups!

It’s the same trade patterns over and over again. It was only a matter of time until the AI caught on.

>> Use XGPT to track the hottest stocks with artificial intelligence <<

The AI follows my exact trading framework.

And it’s not the only tool that traders can use to capitalize right now …

Millionaire traders in our community are LIVE STREAMING their positions!

Jack Kellogg’s Trade Review

Jack Kellogg checks his watchlist in Positano
© Millionaire Media, LLC

In case you were unaware, Jack is one of my most successful students right now.

In a fraction of my trading career, Jack managed to dwarf my total trading profits. Right now he’s sitting at $12.7 million (including losses).

And every week, Jack helps newer traders understand this process.

For example, he sends out a watchlist every Sunday. Last Sunday he detailed a trade plan on Phoenix Motor Inc. (NASDAQ: PEV) …

Take a look at his notes below:

“PEV – 200% runner on Friday that stabilized its price action all day, I tend to lean towards this being a possible long opportunity. If we have a small gap down or small gap up I think it could be a good long once it starts holding above $1.00. It didn’t really stop out shorts or longs at any point in the day, so it is a tug of war. If we start to fail under $0.90 and $0.8x’s I don’t think my thesis would be accurate. But we did trade a lot of volume, 228M in fact. Keep an eye on it tomorrow and the rest of the week for a secondary move.”

Here’s what happened on Monday, October 7, a day after the watchlist hit our inboxes. Every candle represents one trading minute:

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

Get Jack’s next trade plan!

Live Trading

It’s not just his watchlists … On Monday afternoon, Jack gave a LIVE trading webinar for new traders.

Take a look at my post on X below:

And this week, Jack already landed huge trades for new students to learn from.

Like his position on Trump Media & Technology Group Corp. (NASDAQ: DJT).

Take a look at his trade notes below:

Source: Profit.ly

Most traders don’t have $990k to trade with …

But Jack started as a small-account trader, just like you.

He used to work as a valet for his day job.

At one point, before Jack found trading, he even tried selling bamboo pillows at a mall kiosk. Take a look at the photo below:

Monday Motivation: Jack Kellogg sold bamboo pillows at the local mall to save enough to get over the PDT
Jack Kellogg sold bamboo pillows in the local mall to save money for trading. (Source: Jack Kellogg)

I’m trying to illustrate a very important point …

Anyone can master this process. But it takes time and discipline to recognize our profitable patterns in real time.

There WILL be more opportunities for success this week. Especially as we approach the weekend …

We often see an explosion of volatility on Fridays because traders are trying to pad their wallets before the weekend.

Get ready!

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”