You may be wondering — what’s he doing differently? How can you learn from him?
I got in contact with Jack and asked him to share his best three pieces of advice with you right now.
Jack’s results are extraordinary, but the tips he shares are simple. In fact, you can start following this advice TODAY.
(By the way — Jack isn’t the only trader who’s crushing it in this market. You’ll be blown away once you hear Jenny Smith’s story and how this stay-at-home mother of four utilized a “secret weapon” to make nearly $200K in profits.)
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Don’t Know Jack?
With results like that at such a young age, you might think Jack’s some kind of genius. He’s not. But his work ethic and dedication are both extraordinary.
Jack is a former valet who wanted a better life. So in 2017, he made a New Year’s resolution to start trading.
If you really want to dive deep into Jack’s story, don’t miss my videos: Confessions of a Valet Turned Millionaire Day Trader Part 1 of 4 (Also watch Part 2, Part 3, and Part 4). Here’s the first one:
He joined the Trading Challenge and focused on paper trading at first to build up his skills. Early on, he learned an important lesson…
All of my top students used my teachings to develop their own strategies.
Jack knew that if he wanted to be successful, he couldn’t just follow alerts.
When the hot market hit in 2020 and 2021, Jack was prepared to take advantage of the opportunities out there — and to scale up.
To put it in numbers for you…
- He started 2020 at about $160K in profits.
- In the fall of 2020, he passed $1 million in trading profits.
- He’s now over $9.6 million in trading profits — about $796K of that was in the first few months of 2022.
These days, Jack goes both long and short. He still loves OTC breakouts and dip buys, but he also shorts breakdowns. He’s also dabbled in swing trading. While OTCs are still his favorite, some of his biggest wins have been on listed stocks.
Jack’s 3 Top Pieces of Advice For Traders
Here are Jack’s top three pieces of advice for traders.
1. New To Trading? Go Long.
While he’s more secure in his short-selling strategy today, he doesn’t advise it for newbies. It’s just too dangerous for newbies and traders with small accounts. Here’s his logic:
- “Longing is superior because you can only lose 100% of your money. With short selling, you could lose 500%.” (Or more!)
- “There are a lot more fees involved with short selling. With longing, it’s commission-free on Nasdaqs now.”
- “With longing, you have the chance to make so much more without as much risk.”
2. Trade Based on Risk and Reward
Jack doesn’t like guessing games. Instead, he likes evaluating risk versus reward.
Jack spent a LOT of time watching stocks trade before he was active in the market. This helped give him a feel for how stocks trade and how patterns play out.
He also knows how to shift his risk level based on the price action — and how to adjust as the trade plays out.
Be sure to check out the SteadyTrade Podcast episode I referenced above — it’s older, but Jack shares a lot of specific tips for how he trades based on risk and reward.
3. Don’t Add to Losers
It’s a simple concept — if you’re in a losing trade, don’t add to your position and hope things will turn around.
Jack was making a lot of money and winning a lot of the time during that point in his career. He needed a heat check.
He went too big on MMNFF. When the stock didn’t bounce right away, he averaged down — but it worked against him when he tried to cut losses intelligently.
How to Learn From Jack
Wanna learn more? Here’s how you can connect with Jack:
- See Jack’s Profit.ly stats here, including his$367K loss on MMNFF.
- Breakouts & Breakdowns — join Jack and other Trading Challenge millionaires Mariana and Kyle in their chat room community on on StocksToTrade
- Tim Sykes’ Trading Challenge — Jack’s a chat room moderator.
- Check out the T.W.I.S.T. podcast
What’s your favorite piece of advice from Jack? Leave a comment below — I love hearing from you!