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Patterns To Watch

How To Trade a 650% Spike in All This Market Fear

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 2/11/2026 6 min read
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Jack Kellogg just banked $200,000 on a stock that 99% of traders have never heard of.

That’s more money than most people make in three years. All while fear and uncertainty grip traditional investors who worry about meager gains.

Jack isn’t a Wall Street insider. He used to park cars for a living. Back in 2017, he started using my strategies with just $7,500 saved up from his valet job.

He didn’t know a damn thing about trading.

Eight years later, his account reads $24.5 million in verified trading profits.

And that includes small losses along the way. Jack and I aren’t geniuses. We both take losses from time to time.

The goal is to spot repeating patterns in the price action, take gains into strength, and get out if things start to deviate from the plan.

Fortunes aren’t made from one massive home run. They’re made one trade at a time, stacking small gains that compound into life-changing money.

Jack’s massive $200k win this week: It was just another Tuesday for him.

And the pattern he traded is setting up again, right now, on multiple stocks in the market.

Jack’s $200k Trade

Everything’s documented.

  • His entries.
  • His exits.
  • The trade alert that everyone received.
  • His realized gains.

Watch Jack’s video below that I posted on Twitter.

Then we’ll do a quick breakdown.

Quince Therapeutics Inc. (NASDAQ: QNCX)

The stock’s recent activity comes in two parts …

On January 29, the company announced its trial of eDSP didn’t meet expectations and they would cease clinical development of the treatment.

The stock plunged 92% that day.

You can see the freefall on the chart below of QNCX, every candle represents one trading day:

QNCX chart multi-month, 1-day candles Source: StocksToTrade
QNCX chart multi-month, 1-day candles Source: StocksToTrade

Then, on February 9 during after hours, the company announced that LifeSci Capital would serve as a financial advisor to assist with strategic alternatives and maximize its shareholder value.

The price spiked 653%* into after hours the next day, February 10. Filling some of the space caused by the incredible implosion on January 29.

Everyone got a trade alert from Power Signal Indicator to buy shares just above $0.50 per share …

The price ran almost 100% higher from that level, topping out just under $1 per share. I posted the alert below:

Get the next trade alert.

Here’s Jack’s position overlaid on an intraday chart. Every candle represents one trading minute:

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

This was a classic breakout pattern on a volatile stock with news that refused to break down.

It’s one of the most basic patterns we use to trade. And it’s far from the last example we’ll see in 2026.

More Breaking News

The Next Trade Setup

The breakout pattern that Jack used on QNCX is just one angle.

There are a handful of patterns that repeat in the market. Each one allows us to bank off of unique price action during volatile stock spikes.

  • Breakouts.
  • Back-end dip buys.
  • Dip and rips.
  • Panic dip buys.
  • Weekend swings.

My process for each pattern follows the same basic principles: Study the chart, wait for confirmation, enter with a plan, and take gains into strength. Or cut small losses if it fails.

I’m still watching QNCX.

The price is holding up. My patterns are still in play. There’s more meat on this bone if it sets up again.

But QNCX isn’t the only stock following my patterns …

I’ve got a list of volatile runners ready to spike higher. They all follow the same basic setups that Jack and I use every single day.

Now’s your chance to learn all of it.

I’m hosting a FREE 2-day bootcamp on February 13 and 14 where I’m going to break down every pattern I use.

The exact setups. The entry points. The exit strategies. How to spot runners before they spike. How to protect your account when you’re wrong.

And I’m joined by two of my millionaire students, Matt and Bryce.

Stop relying on trade alerts for your gains. Learn the framework. Take your account into your own hands and become a self-sufficient trader who doesn’t need anyone to tell them what to do.

This is your opportunity to change your account trajectory for good.

Reserve Your Spot for my Free Trading Bootcamp!

Two days. No cost.

All the patterns that built over 50 millionaire traders. Including Jack, Matt, Bryce, and myself …

Stop sitting on the sidelines.

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.
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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”