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Jack Kellogg’s #1 Advice For Traders

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Written by Timothy Sykes
Updated 2/21/2025 5 min read

My student, Jack Kellogg, gave a webinar last week on Thursday with several of my other successful students.

While stocks like Mobile-Health Network Solutions (NASDAQ: MNDR) surged 40% higher …

Look at the chart of MNDR below. Every candle represents one trading minute:

MNDR chart intraday, 1-minute candles Source: StocksToTrade

Look at my post below from X, while Jack was live:

This live trading webinar is catalogued in the Profit.ly library for Challenge students.

Jack is KILLING IT in 2025. And this market momentum continues to show us new profit opportunities. Every single week!

Today’s blog is about Jack’s #1 piece of advice for new traders. He shared this valuable detail during last week’s live stream.

If you keep losing in the market right now, there are two main reasons.

How To Fix Your Losing Streak

In the webinar from Thursday, February 20, Jack mentioned that he notices two major factors that lead to extended losses for new traders.

  1. Death by a thousand paper cuts.
  2. Death from a few big losses.

Some traders are afraid of losing so they cut the trade before they give it any time to gain momentum.

Other traders are afraid of losing so they hold onto their bad positions with hopes that they’ll break even at some point.

Both of these mentalities are flawed.

But … It’s pretty easy to identify which kind of trader you are. And then, all we have to do is administer a correctional prescription for your trading process.

Chances are, you already have a good idea of the patterns that we’re supposed to trade.

If you’re trading without patterns, that’s another problem entirely. Educate yourself NOW!

We all use the same patterns to trade these volatile runners.

For example, the pattern that Jack used to trade Alibaba Group Holding Limited (NYSE: BABA) last week:

million dollar jack kellogg trade of BABA
Source: Profit.ly

Is part of the exact same framework that he used in 2018, when he started with my process:

Source: Profit.ly

You’re on the right track when you trade with these patterns.

We just need to tweak your process a bit.

The Fix For Your Trading

© Millionaire Media, LLC

Here’s the advice that my students gave in Thursday’s webinar …

Problem 1: Traders who find themselves losing small amounts over and over again, only to watch the chart rally later.

Try to take a bigger loss.

It sounds counter intuitive. But you can always paper trade at first. Or just buy one share.

These are cheap stocks, there’s no need to risk a lot of money while you’re learning.

Here’s the main point: You need a stronger stomach for risk.

These patterns exist for a reason. Follow the process that I lay out for you in the Challenge. Trust the process!

Problem 2: Traders who find themselves losing large amounts in a few trades.

You need to take gains more quickly and you need to cut losses AT YOUR RISK LEVEL.

Don’t be greedy when these stocks spike higher. We’re not going to make $1 million on one trade. Follow the patterns that I teach, get in, and get out.

And if you’re trading without a risk level … I say again: Educate yourself!

We’re not here to gamble on these stocks. There’s a science behind my profits.

The sooner you learn the science, the sooner you’ll find success.

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”