timothy sykes logo

Trading Tips-Tim Sykes Penny Stock

Is Jack Kellogg A Fraud??

Timothy SykesAvatar
Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 11/22/2024 4 min read
Is Jack Kellogg A Fraud?? Thumbnail

It’s Tim Sykes here.

After more than 20 years as a trader …

With $7.8 million in trading profits …

With over 30 millionaire students … Chace is the newest student to cross $1 million …

You might be surprised to hear that I’m used to the haters.

Even when I share ALL of my trades publicly.

There are still people who think that I’m a fraud.

They think my millionaire students are paid actors, LOL. Or that we’re all a secret group of geniuses who share trade patterns between each other.

The stories are entertaining …

But they can be damaging for new traders who don’t know any better.

My students and I are real in an industry full of fakes. And every now and then, a confused trader will lash out because they’ve been burned in the past.

They don’t understand these patterns or the process. They’ve probably lost a ton of money in sketchy promoter chat pumps. And they try to dissuade new traders from learning a REAL trading process because they’re scarred.

That’s what happened last week when Jack Kellogg got a little excited and posted his profits on X.

See the post below:

Source

And drama ensued …

Trading Toxicity

In case you didn’t know, Jack Kellogg is one of my most successful students.

He joined my Challenge and started studying this process in 2017. And to date he’s pulled $13.4 million from the market (including losses).

Jack is still trading in this 2024 market. And he takes time to help other traders learn our process.

So … You can imagine Jack’s frustration when this guy tried to call him out.

Take a look at Jack’s response below, LMAO:

Source

Here’s My Guess …

This David Hale guy was trying to trade MicroStrategy Incorporated (NASDAQ: MSTR). It was a really popular large-cap stock last week when it spiked 50% higher.

Read more about MSTR here.

Hale probably took a loss on this stock and he took it personally when Jack said that “an idiot could have made money on it”.

Hale, we’re not saying that you’re an idiot for losing money on MSTR.

What Jack meant was that you don’t have to be a genius to trade these stocks!

Jack used to valet cars … He’s not some finance bro who was trained by Wall Street.

Another one of my millionaire students, Andrew, worked in his parent’s beauty salon before he learned my trading process.

My students and I are not geniuses. We’re not paid actors.

We’re normal people who learned how to ride market volatility.

I know it’s a little shocking. Everywhere else in this industry you’ll meet snake-oil salesmen who try to unload their positions on you.

We’re not unloading positions, LOL. I even tell my students NOT to follow my trades. Instead, they should learn the patterns and apply them on their own.

They’re the same patterns over-and-over again.

More Breaking News

You don’t have to rely on my trade alerts. Just follow along until it starts to make sense.

The Next Trade Opportunity

I don’t lose sleep over social-media haters like Mr. Hale …

I’m already moving to the next trade! I don’t have time to mess around with a bitter trader who wants to bring other people down.

There are big runners that deserve my attention!

See Jack’s post on X below:

We live in one of the best eras in human history!

Anyone, from anywhere in the world, as long as they have a laptop and a WiFi signal, has the power to drastically change their life.

A few decades ago, if your father was a farmer, you’d be a farmer.

If you were born in the lower class, you’d stay in the lower class.

That’s not the case anymore!

Instead of spewing hate online, get to work!

You’ve only got one life. Start living it.

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”