24-Year Old Makes $10 Million Day Trading - Jack Kellogg
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- Опубліковано 22 тра 2024
- Jack Kellogg is a 24-year old day trader who recently passed $10 million in trading profits. Learn how he found success, how he approaches day trading, and more.
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👉 Video Contents:
0:00 Introduction
0:57 Jack's Trading History
15:45 OTC Penny Stock Trading
20:53 OTC Stock Research
24:08 Short Selling OTCs
27:08 A+ Trade Setups
30:36 Managing Positions
35:48 Penny Stock Traps
41:05 The Cyclical Nature of OTCs
44:23 Evolution from OTCs to Small Caps
53:09 Life Outside of Trading
58:31 Trading Buddies
1:05:00 The Psychological Side of Scaling Up
1:08:23 Personality Types and Trading
1:11:27 Networking With Traders
1:15:00 Optimizing Trading Performance
1:18:39 Expanding Your Trading Playbook
1:22:30 Lightning Round Q&A
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I remember back in 2018-2019ish when he was just over $100K. Inspirational to say the least. Great example of what happens when preparation meets opportunity.
I believe we call it Wiseness. 😊
It’s only possible with trading penny stocks.
Yeah he look so different now
@samtavoosian3059 No sir it is actually more possible with options because they're extremely leveraged 500:1
Options are very dangerous if you don't know what you're doing. Their way more powerful than stocks. I have made over one thousand percent gain in one day.
And I can average one hundred percent or more easily in a trade. But you can also clean an account out in one trade. Options are extremely leveraged and very powerful.
They are way more potent than penny stocks. But you have to know what you're doing.
I agree with you. I trade spx options 0dte every single day. You are right about the potential. However in options at least you know your maximum loss and with what I trade it is not flying like penny stocks so you get that nice consistency plus good leverage. I still would say trading penny stocks has more advantages over options because of better risk to reward and massive moves and of course no theta decay. It all depends on what you prefer and what market you like to trade.
Credit to thus guy who carried out the whole interview without interruption! Thanks man!
I’m equally impressed by the plethora of info Jack Kellogg is tracking via Microsoft Excel. Preciate the interview!
Great interview and insight. You both did a great job explaining this.
That opening bell gives me a happy feeling every time I hear it.
I learned a lot from this video, I subscribed and set alarms on the spot. Very well asked questions and his answers were clear and straightforward. Thanks a lot for sharing this, got yourself a loyal subscriber
Thanks guys! Awesome interview!
Jack is my favorite trader, for sure.
Great interview Anthony. I'll have to give this a rewatch later on when I'm not out & about so some stuff sinks in better. 🚗💨 ✌️
Excellent interview and great info, thank you
It's very useful for traders like me. Always keep watching the clips ka.
Great interview! Will definitely be listening to again and sharing .Every trader that has put in the endless hours on there journey though the process just to survive in today’s markets needs to listen to this interview multiple times.I’m still only 3years in to my journey and loving every win but importantly welcoming every loss just as much if not more because of the learning experience . Thanks for the great content!
Good luck and Godspeed.
Great interview!!
Oh yeah…. Interview with zkellogg.. and ohh this is def going to be Great 👍🏽 EPISODE …. Jack is the Man.
very good interviewer. Asked all the relevant and useful questions.
Very inspiring and honest interview. Thank you!!
Thanks so much for such a great interview. Jack is really smart and mature. It was pleasant listen to him. I didn’t know about him till today. I’ll start following him as well. Thanks
15:06 YES! This is the realization I just had.
Great interview. Thanks, to both of you for all of the insights and ideas.
Great interview. Really helped me as a reasonably new trader after a bad week.
I swear that bell triggers fight or flight mode haha
I love it
OTCs are super profitable if you know ehat you are doing. My buddy at work went from $1000 to $80k in a span of 6 months last year
Your a f boss jack! When you mentioned “You are who you think you are” I resonated a lot with that man! Right on!!! 😎
great interview, i watched from beginning to end. I love his thoughtful and down to earth responses. Such a straight shooter-- Thank you Jack and Anthony!
Love otc trading
The one and only, whatta beast. Small caps is king right now, I stopped trading OTC over a year ago.
It’s good you made it bro
Jack is awesome ... I've been following him for years on twitter.
17:00 OTC
1:04:00 scanning
Great interview! Great questions and no interruptions from the interviewer, and letting listeners hear complete answers. Very helpful! Thanks to you both!!
Great info. for a new trader, watched the whole video !
the crossover I was waiting for
He’s very transparent
I think Jack will hit 50 mill by the time he's 30.
That was when market was easy to day trade try making that money now in today's market.
... u know what,all my people?,
U ARE GREAT 👍
Here i am thinking otcs died a while ago. Great to see this dude grind and make himself a millionaire 👏 👍 👌
This is super inspiring- We wonder, is there ANY correlation between TRADING the LEAST amount possible, only going for the largest percent gainers, and otherwise, just sitting on your hands? It sure makes sense on our end, but of course, it's easier said than done. Thank you for the video, Jack!
Wdym?
As a profitable futures day trader I would say it does not make sense because you want to get good at trading base hits whilst not focusing on homeruns, and when the homerun shows up you will hit it anyways since you're capable of base-hits (you can't really know what will end up being a homerun and what will be a basehit... implying one know's before it happens is implying one knows where the market will go, which is a falsehood, since you can only have % probability/likelihood of direction), and this also protects you in a slow or indicisive market which can last for a long time at times... it also heavily depends on your risk management and overall strategy... if someone is profitable from trading fast moving aggressive moves with small size and huge risk margins, they may find it challenging to trade ordinary consolidation price action... in this sense, depending on the trader and strategy, I would say learning how to adapt is also important and learning to trade different setups also helps... but the most important part of it all is consistency... in everything... including adapting. If I have a larger drawdown or a bad week, I will size-down and aim for what seem to be homeruns but if I am doing good I will size up and aim for base-hits... this helps to ensure I don't give money back on my rougher times and make as much as possible on my better times... at the end of the year it all comes out to X result... if the market is showing you a ton of homeruns, hit homeruns, if the market is dead and has obvious base-hits, hit them instead... at the end of the day it's just a matter of managing Risk:Reward depending on what the market is doing at that given time... you get the idea... every single day is unique.
exactly whaat i wanted to hear
That sucks on HKD. Glad i stayed away. Great interview. It should be really humbling for me at this point, or im just not fixable, maturable. Thinkn on my yearly PNL of 16.5k so far. And how bad i act while trading or not having a good day still is ridiculous. But i enjoy the grind of trying to get better and learn. Still trying to get over this ego shit. Terrible.
@@TV-nv8qq i dont trade that garbage. I trade shit i can manage risk in.
If you are a US citizen, which broker do you recommend for day trading? Anyone with cores trading also?
When you were having the $500 days and becoming consistent, were you subject to PDT rule?
How do you avoid being sucked in to the Noise of the day, especially when trading side by side with Nate and having all his wisdom available to you?
Just know your lane, I'm not going to size into something I'm not familiar with. Although, I'll test something small to learn and progess my knowledge further.
@@jackkellogg10 hello
@@jackkellogg10 I think that's a solid way to put it... I'd also say "trust your edge and manage risk well = great success". When you know your edge works and your risk management strategy works, trusting the two allows you to have a lot more focus available for other things such as paying attention to your emotional/psychological whereabouts rather than the technicality of the trade itself, which becomes almost automatic or second nature... in this sense, practice makes perfect... - futures day trader
As Jack said, trust in your own journey, compete against yourself, know your own path and walk it. For example, even if the market is doing something cool that makes me wish I were in a trade to capture it, I'm not going to trade it ig my edge didn't alert me to it because I just know it's not my thing... it could go to the moon without me and I wouldn't be in it because I know my setups, I know my self, I know when my intuition says "this is something" I always trust it, and when it says "looks cool but..." I just sit on my hands guiltlessly...
Link to chair?
What site do you use for day trading?
Need info on the chair! lol
id start with $50 and use 10% stop loss
im also facing same problem
bad risk management not cutting losses quickly
Same with me bro
It's a psychological behavior that you gotta break. I used to have same issue. 2 things that can help is obviously just cutting losses quickly. Do it without remorse, and if after cutting the loss it goes back up again, stay okay with the result. Because most of the time it's either you close with a 5% loss to only see the stock go back up 25%, OR not closing your position and have a 35% loss for the day.
You gotta break the pattern by either planning how much you're willing to lose or setting up automatic stop-loss and looking away. Until you have full control.
Of course, you gotta also rely on knowledge. Specially chart reading, volume and price action.
Ask yourself what will this trade cost me before I take the trade with a calculated risk , so before you take the trade you will already know what the trade will cost you if it goes against you
I thought he was originally a Sykes student. I’m surprised he didn’t give any credit him and that community. Good interview overall.
Of course, bro!
Who is Syke? I did not realize there is a trading community as you all seem small knit. Is there a forum or site that you all are part of?
Tim Sykes has a service. It’s legit. Also this channel is under the investors underground service. It’s very legit also. Both are great places to learn and get connected to successful traders. I subscribe to both!
I would love to trade full-time but don't have a lot of money. I think getting a job is the best course of action to save.
I pray this would be me in few year.
Which broker instead of e trade in uk
Any P&L statements to back these claims up?
Me personally, I have prepared for the crash and I cant wait for it. . I own my 2 properties outright. I am debt free and have sold all my stocks and am in 100 percent cash. I have secure and permanent Substantial income and Ive paid off all of my kids college tuition costs . I will pounce after the crash. What should I be doing now? Another question is there more I should be doing ?
1
Be nice to have CC I am a bit hearing impaired thanks so much..Just a suggestion.
Click CC next to the autoplay button on the screen. UA-cam has it on every video, but it's not always accurate.
Lol at first I said who is this it's not Jack he looks different with a beard
At certain angles he looks kinda like faze jev
Who is this guy Nate? Does he has any social media to follow? Thanks! 👍👍👍👍👍👍👍👍👍
InvestorsLive! The man 👨🏻
@@jackkellogg10 Thanks 🙏
I wish I could have that capital of at least 10k leave alone 300k
I was blowing my account trading options , however I think trading stocks can def help me grow my account until I’m comfortable to trade options again
This guy has game, but he's speaking all traders lingo. He's gotta learn how to put it in layman's terms.
If you want to get rich, focus on creating value to the market, then the money itself will flow in, Value itself is the symbol of money you are making, a fellow creator. ~~~
Does anyone know how much initial capital he had?
You're not allowed to ask lol. I am waiting for the typical comment " I manage a fund". I have never seen anyone successful with only their own money.
play x2
What’s. Does otc. Mean ?
over the counter
It’s 20% for financial reasons he got into trading, yet you make $300k a year and your a god, yer ok 👌
when u learn how to short at the begging of corona dip
Listo
Better chance if you just go to Vegas.
40:35
That intro sound was triggering 😂
At least place top 10 in the US investing championships(which you will be able to do if you are legit) or it don’t matter
Yeah, the only way you can do this is if you have capital going into it. Capital that you can actually afford to lose. Can anyone say silver spoon?
Let me guess: He invested his bar mitzvah money lol
This strategy is interesting, but it may not suit everyone, and you need a skill, there are easier and clearer strategies👍
Not good when u say " Garbage truck driver" u have to respect other people no matter who u are.
He didn’t say it in a disrespectful way at all. He was just saying that he’s competing with the regular Joe. 💪🏽🙏🏼
I'm a garbage truck driver 😥
yeah i like this guy but that made him sound dumb
OTC ?