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Patterns To Watch

Jack Kellogg’s #1 Trade Setup

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Written by Timothy Sykes
Updated 4/19/2024 3 min read
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Stocks in our small-account sector are ripping higher!

Take a look at the 520% spike on WiSA Technologies Inc. (NASDAQ: WISA) last week. Every candle represents five minutes:

WISA chart multi-day, 5-minute candles Source: StocksToTrade

There’s a new profit opportunity every day for traders.

Last week was nuts. Even as the larger market slid lower, I managed to snag $10,682 in total trading profits. WISA definitely contributed … 

And I’m not the only trader banking right now.

One of my most successful students, Jack Kellogg, already locked in $775,380 in market profits this year. That’s an average of $48,000 every week* … 

At this point, Jack’s profits usually dwarf my own.

He’s trading with a bigger account. And frankly, he has more time on his hands to track the best plays.

I’m a busy guy … 

I could give it all up and focus on profits … But that’s not what makes me happy.

I started trading so that I could live a life that I enjoy! And I learned early that happiness was about way more than money.

But for new traders … The money is everything.

I know, a few extra thousand dollars a year can make all the difference for some families.

  • Don’t feel sour when you look at my $10k profits this week*.
  • Or Jack’s $775k on the year already.*
  • Instead, use this as inspiration.

There is a process for profits in the market.

Despite our different returns, Jack and I use the same trading process. It’s the same process all of my millionaire students use.

And I feel honored to teach this strategy to traders like you …

The #1 Setup Right Now

jack kellogg and sykes in italy
© Millionaire Media, LLC

This process is always the same, but the stocks that we trade are changing.

It’s not like we’ll see WiSA Technologies Inc. (NASDAQ: WISA) spike another 520% this week …

It’s definitely possible. But if trading were that black and white, we’d all be millionaires.

We have to focus on the best setups every trading day.

And right now, there’s a trade opportunity sticking out like a sore thumb! It’s Jack Kellogg’s #1 watch right now.

It would be my #1 watch too. But technically my first priority is to make sure YOU understand this opportunity.

  • The stock.
  • The catalyst.
  • The trade strategy.

It’s all outlined in Jack’s trading report.

Put in the work if you want the results …

Cheers.

*Past performance does not indicate future results

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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”