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Jack Kellogg’s #1 Stock Right Now

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Written by Timothy Sykes
Updated 7/2/2024 4 min read
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There are REAL opportunities for small account traders in this market.

If you have any doubts, just ask Jack Kellogg …

Jack joined my challenge in 2017 after he graduated high school. He studied the stock market while working as a valet.

These days, he’s making enough trading stocks to buy his own sports car with ONE trade.

Take a look at his profit from July 1 as an example …

Source: Profit.ly

Want to trade like Jack Kellogg?

This is his #1 stock and how he’s trading it:

How To Trade Like Jack

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Let’s get one thing straight, before I reveal Jack’s favorite stock …

Jack wasn’t making $100,000 right when he started. Partially because he had a small account. Just like you.

In the beginning, it’s important that traders DON’T focus on the money.

Instead, focus on the percent gain. Once a trader can make 10% or 20%, they can scale up their process by increasing the position size.

I scrolled all the way back to Jack’s first ever trades … His position sizes were around $1,000. Compared to his $100,000 profit from July 1 … where his position size was $218,500!

Now, as of June 1, the stock that Jack traded was valued around $0.50 per share …

YOU DON’T NEED A LARGE ACCOUNT TO PRACTICE THIS PROCESS.

The share prices are cheap.

Start with $1,000. Start with $100. You could even start with $10!

Focus on the percent gain. Jack is such a good trader because he has the patience to follow my framework for big gains.

On July 1 he profited a stunning 47%!

Ocean Power Technologies Inc. (AMEX: OPTT)

© Millionaire Media, LLC

Everyone following Jack’s trades right now, they had ample time to build a position in this runner.

This is where Jack posts all of his stock picks.

Thanks to Jack’s foresight, even the newest traders in our community had an opportunity to profit.

Take a look at the post on X below:

 

Source

OPTT is a multi-day runner. And that’s one of the reasons it was such a good profit opportunity:

We were watching it on day ONE!

Take a look at the chart below, the price first spiked on June 26 with news of a government contract. Jack’s trade wasn’t until July 1 …

Every candle represents one trading minute:

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

Get ready for Jack’s next BIG trade!

OPTT is still in play as the price consolidates sideways. And by no means is it the ONLY play already this week …

  • Senti Biosciences Inc. (NASDAQ: SNTI) spiked 120%*.
  • Roadzen Inc. (NASDAQ: RDZN) spiked 100%*.

There are a lot of opportunities in this stock market!

Make sure you’re watching the right stock. And remember to focus on the percent gain.

The money can come later.

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”