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Trading Lessons

Jack Kellogg’s Next Trade

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Written by Timothy Sykes
Updated 6/19/2024 5 min read
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The market is closed today for Juneteenth!

And when the starting bell rings on Thursday at 9:30 A.M. Eastern … You better be ready!

Two of my most successful students, Tim Grittani and Jack Kellogg, are both back and trading in the market.

They can’t resist the volatility!

Kellogg has had more of a presence in the Challenge over recent years because his success is more recent. He crossed the $1 million milestone in 2020 (he’s currently sitting at $12.4 million including losses).

Grittanni passed the $1 million milestone at the beginning of 2014, climbed past $10 million, and then retired to take time with his family.

But this 2024 market is too good to miss.

Here Are The Details

jack kellogg and sykes in italy
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  • 3 big Wall Street banks upgraded their forecasts for the S&P 500 by the end of 2024.
  • NVDA just passed MSFT to become the most valuable company on the U.S. stock market.
  • The Keith Gill meme-stock volatility continues as we approach the expiration of Gill’s options contracts worth millions of dollars.
  • Inflation is slowing and the FED may still cut interest rates this year.
  • There’s a presidential election that’s barely begun …

Did I miss anything??

See my post on X below:

The 2024 market is surging higher and it’s bringing A BUNCH of stocks with it.

Our small-cap niche is on fire right now! Which brings me back to my earlier point …

Grittani and Kellogg are hitting it HARD.

Gritanni came out of retirement and he’s helping students in the Challenge chat.

And Jack is nailing HUGE trades. Take a look at one of his most recent below:

While using my 10:45 A.M. rule!

By the way … Mustang Bio Inc. (NASDAQ: MBIO) is still in play. The price action is consolidating right now.

But, Jack’s next trade might look different because the chart has changed.

Here’s what to look for:

Jack’s Trade Plan

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Every week, my Challenge students get a watchlist from Jack Kellogg.

Posted below is Jack’s watchlist for this week …

Source: Profit.ly

I had to redact certain aspects of his trade plan for legal reasons. Detailed trade setups are reserved for Challenge students.

>> Join The Challenge Today <<

Students who are already in the Challenge:

  • Go to Profit.ly
  • Under the “Premium” drop-down menu, go to “Premium Content”
  • And click on “Watchlists”

It is SO important that you pay attention to the market right now. Because technically … This bullish momentum could end at any time.

We have to capitalize on these profit opportunities while the market is hot.

And boy, is it hot!

Remember Jack’s trade on MBIO this week? That stock wasn’t even on his watchlist on Monday morning.

MBIO spiked 900%* this week, starting Monday.

And Jack wasn’t the only trader who played MBIO … See my post on X below:

Source

Tell me that you understand there’s an overwhelming opportunity for small-account traders right now!

The way I see it, you’re lucky the market is closed today. You’ve got an extra day to study before this insane volatility comes back.

This is Jack’s next trade plan.

Study. Study. Study.

Burn this setup into your brain.

Because when the market opens tomorrow at 9:30 A.M. Eastern … There’s no time to check your notes.

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”