Section Insights
Introduction to Top Trader
Who is the top trader being discussed?
The top trader discussed is Jack Kellogg, who is currently at nearly $13 million in profits.
- Jack Kellogg is recognized as the top trader of all time.
- The host expresses a desire to learn from Jack's trading strategies.
- Jack's transparency in trading is highlighted as a key aspect of his success.
Jack's Trading Strategy
What is Jack's approach to identifying trading opportunities?
Jack focuses on trading volume rather than percentage changes, looking for stocks with high volume and potential for movement.
- Volume is a critical factor in Jack's trading strategy.
- He prefers stocks with less history and high trading volume for potential gains.
- Jack avoids trading stocks that have legitimate reasons for price increases.
Summer Trading Trends
What patterns does Jack observe in summer trading?
Jack notes that there is often a significant stock rally during the summer, typically involving well-known meme stocks.
- Jack identifies a trend of summer supernovas in stock trading.
- He believes Carvana could be the next big runner based on historical patterns.
- Recognizing past successful stocks helps inform future trading decisions.
Understanding Top Wicks
What does Jack say about trading strategies related to top wicks?
Jack explains that stocks with a big top wick often fail to maintain upward momentum, especially if they experience heavy volume.
- Top wicks can indicate potential failures in stock price movements.
- Jack emphasizes the importance of volume in assessing stock behavior.
- Shorting stocks after a top wick can be profitable but carries risks.
The Cost of Transparency
What are the potential downsides of being a transparent trader?
Jack discusses that transparency can lead to unwanted attention and scrutiny from others, but he finds humor in the negativity.
- Transparency in trading can expose personal information to others.
- Jack has developed a thick skin regarding criticism and negativity.
- He views the scrutiny as a cost of being open about his trading activities.
Transcript
0:00 today we welcome the to front SP Trader of I'd love for someone to to do better than me and hopefully when they do they can at least give me a phone golf so I can say what the are you doing no about one on the old time leader board all I'd like doing is just smoking a little bit of weed and having a couple beers and just looking at the charts it's just basically when you see like a
0:20 big top Wick like this and it come all the way back down usually like any Spike that pushes into that top Wick is it usually fails welcome back everybody today we welcome the top transparent Trader of all time literally number one on the alltime leaderboard there is nobody nobody higher Jack Kellogg is at I believe he's now at 13 million in profits I'll just verify that so we'll jump into his trading strategies and this transparency and we're going to
0:50 look at a few of his charts but first Jack how are you is it 13 million yeah it's just below 13 million right now wow and Jack said that Jack's having some camera issues but he's been kind enough to show some charts since the the the camera is not working so I think that more than works up makes up for it and I think it's better to illustrate the points and examples so we'll definitely go through some charts but
1:19 Jack said the only condition that he would do this interview is if we if if I got drunk during the interview so are I I'm hoping I'm hoping to hear I'm hoping to hear a crack of a can I'm not the only one I'm not the yeah can't say it but I just finished the H I'm gonna go grab another one in a bottle opener really quick no problem take your time so I'm I'm planning on having about four
1:48 or five here so all right we got some catching up to do well I haven't drank for about 35 days so You' you I was trying to be more like you when you completely he brought his back to me own old bad habits that I used to have oh man you you realize that drinking though is good for you man it's good for you when you're up for billion when you's still trying to meet you it's l the the distractions I was doing
2:17 good cuz M you you grinded in the early days though you you weren't drinking nothing I remember five years ago no I wasn't drinking you know what I was doing I was smoking a lot of weed actually I was almost curious about you had like the kind of the right strain or something like that that just helped you like kneel in Focus be without pressure are you still doing that now or you you're more clean living no no I'm not doing that
2:46 anymore I used to pretty much smoke every single day when I would trade in 2020 and 2021 now I I don't do that really anymore because trading is just not as fun so I don't like to think about it you know what I mean back in the day I'd like to just smoke some weed and just sit there and just stare at charts and basically just kind of see the chart in my head before it does anything kind of
3:12 get like a an idea of what I think it could possibly do and sometimes smoking a little bit of weed would help actually open up my mind and be able to Pere the future as you could say man that sounds that sounds like it sounds a bit crazy but like to a 12 million verified Trader at the top of Kino's leaderboard like it's obviously the truth right it's the it's what you saying is what a lot of people aren't
3:39 doing but so it's like burning that blunt just a little bit you're not going too heavy on it you're just burning a little bit and like a little bit yeah exactly so your mind can open up no I mean I actually gave my one of my good friends the prescription I was like dude you have to start smoking when you're Trading and he ended up making a bunch of money too over the course of 2020 and 2021
4:07 just because that market was so stupid that you almost had to dumb yourself down a little bit to understand like the moves because coming from learning in 2017 learning in 2018 learning in 2019 you're taught a very a very different system than what was working in 2020 and 2021 and just the opportunity to make money during that time was was crazy you know what I mean it wasn't like what it
4:39 is now now you can still make money but it you're you're not probably going to get stone to think of a good idea and make money on it no but I mean that actually brings us the first question I've got and I want it to be different from other interview people so I've not used trbt I've got an easy question a fun question and a blast from the past play these are handwritten these these aren't AI but the the the
5:03 first the first question that I had face cuz like Lords like everybody's going to want everyone's going to want to know like everyone wants to reach out to you everyone wants to know your secret you know how it is but like I was curious of like how you how you first found your Edge because I thought it was specifically on Data Tracking but what you're saying is you kind of smoked a bit of weed and opened your made up to
5:24 see the patterns by what they were which sounds much more creative than mathematical yeah no that that was really I mean I tried at the beginning to be like everybody else I tried to track data I I actually went through a webinar on Monday with this with the challenge students and I went through all the data that I tracked I went through all the Excel stuff that I did and I'm sure at the end of the day it helped me just
5:53 have an idea of what the going on with the data and the dri the data driven trade but to tell you the truth my best ideas always came from just opening up my mind and I I don't not I don't do crazy drugs like this might sound like I do like all these crazy like ecstasy or Coke or all this stuff I've never done any of that all all I like doing is just smoking a little bit
6:18 of weed and having a couple beers and just looking at the charts that's it so I mean so back that time when you I remember you're grining a lot of people know the story some people may not but you're grining crazy crazy crazy amounts of hours you obviously loving it you you had it was detrimental to your health in some ways because you grinded it so hard but when you were doing that grind it it was staring at charts opening up your
6:40 mind and figuring out what what what the the powers that they were doing or the market makers were doing yeah just having an idea of something that can go up because it's so it's just so stupid like some of these things they just had to have the right keyword or they had to have the right picture or they had to have the right press release or they had to had the right price range or the right volume or
7:05 whatever it is and I mean all these stocks that I made a ton of money on are all just worthless companies at the end of the day like they're all so much lower than where I traded them I just traded them during that their height during when they when they said some stupid stupid on their PR it would go up you know what I mean because it was like yeah I remember it was well I don't remember because I just remember I
7:33 remember cuz I was doing some research but I was checking you k for December 20th 2020 looks like it crossed a million there and then after that you did like 9 million in the following year so your strategy for that but other still in it's literally like it's just looking for patterns of data and news releases because you're trading the otc's back then is that what you're talking about like looking for keywords in the releases yeah looking at the like I
7:59 still remember remember this one trade for example right it was VP and I'll pull up the chart here it's probably not even trading anymore yeah it's absolutely worthless let me pull up a fiveyear chart here let me scroll back here yeah this this chart I remember I think I bought it one of these days just as it was breaking over 0.1 and all it was was my friend sent me
8:29 a picture of their name on a a charging station like an electric vehicle charging station with like their name on it like Viper I was like oh Viper that's dope like that's a sweet name obviously you got the Dodge Viper which is a nice car and they're doing some electronic electronic stuff so I was like okay I'll buy some shares and yeah I traded like a billion shares these couple days so I bought some and then I mean it had gone up 5x
8:56 in a few days and then it went all the way up up to seven cents from basically nothing so I think that's a 70 times your money in a couple weeks and it's just like these these stupid things were just were just working like if they had the right and I could show you like 40 or 50 examples of all this all of these things and that's why I I was able because if you talk to most people
9:25 during that time they'd be like oh we're too smart to buy something that stupid quote unquote you know what I mean like we're too smart you know what I mean like no we'll be shorting that or like that's just a waste of time or whatever but at the end of the day that stock was almost worthless with almost no RI like what's it going to go it's it's already 0.2 or 0 what's it going to go down to
9:48 01 you know what I'm saying so I was just like these were the best trades like these things were going up crazy percentages and during that time when I made a ton of money it was it was trading those trading those stupid stocks that nobody else wanted to buy I mean at least profitable experienced day traders who are profound Twitter Traders and they short the worst companies and all this so that that's all that I was really doing and
10:18 that's still what I kind of do to this day but obviously doesn't work as good anymore I I can recognize patterns that buying shitty stocks doesn't work in 2024 War as well as it used to in 2020 2021 yeah but it's it's just like I understand like and some people might think it's a bit tongue and cheap when you're say I'm like now I was like trying to open my mind up a little bit but I think like what you're saying is
10:43 completely the truth you are like literally try to go where no other Trader would go or like something so ridiculous that it just wouldn't work and and then you went there and it it made total sense but I mean to get there though like like how are you find an imagine in this stuff like are you just looking at every single ticker that moves in the market regardless of any any variables yeah I mean where I would
11:10 start always is I would have two two sections right the first one is volume right I I don't I'm not as big as a proponent in seeing the percentage up or down I just want to see what's trading the most volume what's what people are trading the the most volume and then from there I can kind of see okay is this also hitting my other scan as a top percent Gainer or is this a stock that's down on the day or is this
11:35 a stock that is a legit company or is this trading off something else then I have to ask myself why is this stock up and if it had like a legitimate reason to be up that wasn't stupid I would not even look at it you know what I mean like if I saw like a bit Bitcoin related like a gbtc right or whatever it was like more legitimate stocks as funny as it sounds I wouldn't want to trade the
11:58 legitimate ones I wanted to look for the pure pumping dumps I wanted to look for the stocks that really don't have a lot of history and they're getting a lot of volume and then I want to look into them I want to see okay what's their company name what what can I tell about the company from first glance right what can I tell from first glance is probably what you're going to tell from first glance it's like looking at an
12:20 individual walking on the street right if you see somebody let's just say you see them and they have these they have a Louis vitt bag and they have this and they they look very proper and all this it's like you can kind of tell what type of person that is right away or you see somebody with like ripped up ripped up jeans ripped up shorts ripped up shirts and you can tell what type of person they are
12:47 too and it's not always the case but most of the time it is the case right so just kind of figuring out like what can I tell right away on the stock and whatever I could tell right away is what I wanted to run with I don't want to do deep diving because nobody else is going to do deep diving if you have to go deep diving to find in their filings like a lot of other people aren't going
13:09 to take the time to do that right and now it it that is what works right the the more you dive deep the more you have understand of the agenda of what's going on because the agenda and what's within the company is now much stronger but before the PE people were stronger what people were seeing was was stronger and that's what a lot of people were having a hard time understanding right they had a very hard time understanding like AMC
13:36 and gme can go from $2 to 75 like AMC or gme can go from two to 500 and people still are having a hard time kind of grasping their their head around that one but it was the power of the people and it was just about thinking what are the people going to do next no like I mean when you explain it it 100% makes sense but it's like because I before talking to you now I
14:02 always thought that you had this crazy statistical numerical approach that that you've found patterns that predicted future patterns but now that I'm talking to you now it's almost like you have this kind of sense you have this sense of what's going on and this sense of what's working and what people are thinking Bas that looking the market looking at the market but I mean how how can you get that it it doesn't sound like that can be Tau or kind of be
14:26 Tau I think I think the the basis of it can defin like the ideology of it can definitely be taught and the basics basis of it but to really have the same type of vision I think it it just needs to be worked on you know what I mean and and for me too it's just you're always thinking like you're always if you're not thinking about something in the market like you're falling behind so I think it the
14:53 ideology of it plus the mindset of it can definitely be taught and I've seen some people that I've helped personally just just crush it and then when they they're opening up my mind to other things I'm like wow like I never thought of it that way you know what I mean that's what I like really talking to people about is more way more deep right I don't I don't enjoy so much talking about the data and stuff because
15:21 it's it's it's boring and it it bores me because it's just not it's it's not what really gets me going like I'd rather have one like one trade right that I've thought out very well and I'm I'm able to be confident put a lot of buying power behind it then just trade everything like it's the same trade every setup like it's Based on data and just let the variables work themselves out at the end of the at the
15:50 end of your trading career I'd rather just have a few really big wins that I had really really good ideas on yeah I mean do you know how this remains me of it remains is maybe I'm completely wrong but it remains me a little bit about how a hedge fund operates because a hedge fund a hedge fund will have lots of analysts who will go to one top guy whoever the head of the top of the hedge fund is and they
16:12 allow pitch ideas arguments rationals to say why that that one stock is is a fantastic buy at this moment so are you almost doing you think what you're doing is what hedphones are doing in terms of this ideation and or not so much because it's with less research power I made at one point I had like a I had a chat room it was called the OTC Hub and I had I didn't charge any money for anyone to be in it and I don't think
16:45 I've said this publicly yet but yeah I had this chat room and I think there was maybe like 40 or 50 or 60 people in it and I'd kind of like Scout like a like a manager like a team manager right and see what the people are doing BAS on Twitter Instagram in chat rooms friends of friends etc etc just as many Traders as I could get going to going to trading conferences and seeing if they had
17:12 anything that interests me or any value or what the hell they were doing and then we'd kind of just all trade in that room and share ideas and stuff and in a sense I was kind of just getting sometimes I got ideas from from other people you know what I mean and just kind of taking that idea and run with it because you can only think of so many ideas there's how many stocks in the market you know what I mean so to really
17:35 analyze so many stocks is you can't really do it yourself you know what I mean yeah so I mean in terms of now like I think the it's funny like you you're you're like hedge funds research the best stocks in the world and you are researching the worst stocks in the world but you are making just as much money which is cool but like in terms of like now do you have any examples of like do you have an example
17:59 of a recent trade where like that I noticed this about this company I thought about this on a deeper level for that reason and then this is the trader talk do you have something like that like now honestly this year it's been it's definitely been slower for me just because I've had a lot of other stuff going on and I haven't had enough time to really dedicate to thinking about trading to tell you the truth like I I haven't been putting in my 100%
18:28 effort on although I I still have been doing pretty good this year I had a few really good trades on serve robotics SCV and I had another really good trade on soundtown s so at the beginning of the year which make up pretty much my my entire year and then then the rest like small up small down type stuff but last year I had a really good a really good trade or idea on carva and that was probably my best idea
18:59 in the last couple years but yeah I can talk about any of those that you want me to let's talk about the cavana let's talk about the last one I'm curious I mean if it's your best idea it's going to be the best case study yeah it was my best idea so at 190 now oh crap yeah so this stock obviously everybody knows carvana they sell used cars or at least you should know them it was a $400 stock
19:29 at the beginning of August 2021 and then from there it just it got smoked all the way down from $ 350 to $355 so at that point a lot of light bulbs need to go off in your head okay this stock's down from 400 to to $3.50 and I'm not just saying just buy buy the stock because you know what I mean just buy it because it's cheap like that that's
20:00 not going to make you money you can't just buy cheap stocks you have to go way more into detailed thought so I didn't touch D I didn't mean to do that I didn't touch the stock for a while I didn't even touch it here started perking up or whatever and I actually didn't touch it till this day right here I didn't touch it till this day and I remember this day was the the FED had
20:32 some going on and they they said some bullish bullish things so it ripped and I ended up buying it at like I don't know like 13 or some and I took it overnight and then the next day it spiked and I sold it perfectly at 20 and then I went short at 20 and and covered it at like 15 or 14 or something and I ended up making like 250k and the long and the short and I was really
20:57 happy about that but but that's not really the the why that's just like kind of the beginning of the story right and then it it kind of came down and it was trading in February and March sideways and I didn't really touch it but I remember this day very vividly it was 4 it was between 421 and 424 423 is my birthday April 23rd so I was on a hike with a couple friends and we were hiking up the mountain and I
21:30 was just thinking about I was thinking about okay so going into the summer right what happens usually in the summer so last year 2022 if I'm thinking like I'm thinking in this present moment right in 2022 we had bbby Y which was a huge Supernova from right here maybe I don't know where it is Bed Bath and
22:01 beond 2022 oh right here we had this huge run Bed Bath and Beyond from 4 to 30 and then the year before we had AMC so I was like every single year during the summer we have some type of crazy and this was in 20121 somewhere what's the date on this I don't know why I don't see the chart
22:34 anymore yeah I don't know what's going on with this chart but AMC ran from ran to 75 in in June 2021 yeah so the year before in August BWI ran and the year before that AMC Ran So I'm keeping all that in mind so I'm like the trend is that there's usually one huge Supernova in the summer and it's on a stock that that is quote unquote like meeme stock or a real company that everybody knows everybody knows bed bath
23:04 and beond everybody knows carvana everybody knows AMC everybody knows gme and this stock was down and it had already showed that it's a good Trader it it had already showed it broke out it ran up high it spiked right into 20 it came back down it failed it offered like a hammer candle with then a big first Green Day and then a bounce short and it faded off and it had already showed that it was a good stock to trade
23:31 so with all that in my mind the next day I was like I think it's going to be carvana this year I think carvana is going to be the one to run because it's down from 400 to three there's a runner every single Summer and the stock has proven to be a good runner so I went ahead and I I bought some shares around 750 I think and then I added down into the Sev and then earings came
23:58 came out and the stock gapped up and spiked to 11 and then at this point I'm thinking okay maybe my thesis is getting proven right because looking at the siment on this stock this day everybody was super bearish saying oh this company is X Y and Z and that's exactly what you need for a stock to turn into a supernova it needs to be the worst of the worst the scum of the scum on the earth and everybody hates it
24:25 and if you know we traded like 74 million shares and at that point I had added actually to my position around nine and moved my average up somewhere to like the eights and then the stock kind of came up really slowly and went all the way up to 14 and at this point I'm thinking in my head like okay a lot of these like they they're going to blow off with like huge huge volume and they're going to do
24:53 something crazy most of the time so I was like I'm not even going to really think about selling this till at least 20 bucks and then it kind of came down and this is like Kind of Perfect like you couldn't really ask for better action I mean the stock held $10 like what more of a psychological number do you need than seeing the stock hold exactly $10 when the high is 20 it's holding exactly 50% like everything is just coming out
25:24 perfect on the stock and and then the stock basically just chopped around whatever and then it started to go up and I I had added more to my position in the 12s or 13s and then what ended up happening was I started I fumbled the trade one of these days one of these days I had fumbled the trade because I had gotten really nervous because some news came out about their their debt or some
25:55 or or something that was going on and saying that like I I was just so like I wasn't really sleeping at night because at this point I had like 150,000 shares of the stock and it was like like a million and a half or2 million dollar position and I was I was really like lacking a lot of a lot of sleep and this is going into like the summer I wanted to enjoy the summer so I ended up locking
26:23 in like a couple hundred, or some and then from there like the there's just nothing really to say on the stock like it it broke out and I probably would have sold it this day to tell you the truth into like 25 would have been my Target and it would have been an amazing like million or more dollar trade and at this point I was risking like 10 bucks so the the risk was probably like I don't know 20 or
26:49 30k unless they had gaap down on really bad news and that's what was scaring me but the stock went all the way up and then it just continued to go up up and go up and go up and go up and now it's at aund $90 per share so obviously it's been my best ideas in since the last couple years because now I don't even want to know what the the stake would be worth right now
27:14 crazy no but I mean it is it's absolutely crazy that you could predict that but I suppose like you're your idea is to discover the idea before everyone else because once it did make that Gap up on the on the and once it did hold and then when it was based on 10 probably a lot more people have starting to figure out what you've already figured out is it like that but you're in first at the lower
27:37 price yeah and the thing is is you're in first at the lower price and then that gives you the ability to have a huge position with small risk right absolutely you know what I'm saying but what what gets me is like how the did you come up with that idea because like traders who are know there's a lot of scalpers in the top 10o leader right now sc's become a really popular thing but other than that like
28:01 the generation that I went up grew up with which is you were in it with it with it as well is gabin craps first red Day short parabolics multi-day breakouts I'm not really sharing you say these words you're coming up with these wild thesises so I wanted to ask you about mainset but like is the mainset to be at the very top to to like not really focus on the first red days and the g crabs
28:22 and the brick house is it to do what you're doing here I mean some of the best traders that I know are really good at executing those first red days gapping craps and all that and for sure I've made money off all those patterns too but without having these outlier trades these outlier ideas I don't think I'd be where I am or even close to kind of where I am today because there's only so much money to be made on those patterns
28:53 right and it's it's like how how you achieve the the C money is through like these crazy ideas crazy ideas can lead to Crazy it can also lead to Crazy losses but so you need to be like very very disciplined and I've taken some crazy losses and funny enough I've taken them on patterns not crazy ideas because when an idea that's crazy goes against me I just cut it because I know how stupid it sounds at the end
29:21 of the day right a lot of the ideas sound really stupid that I take so I just get out but sometimes you can convince yourself during a P that's backed by data that you can that you can trade it or get out of it because you have all these all these dat and there's other people in the trade with you right you have other friends that are in the trade so you're like you know it's it's really
29:46 not that bad to keep holding because the pattern should play out and it should do X Y and Z so I think it's it's a lot different no it makes it makes a lot of sense you have one quick short pattern that you can run through then I'm going to find you a couple of questions about transparency and trading some some some questions that you wouldn't have been asked before okay want to talk about short patterns just just one if you've
30:08 got the T are you cracking be I'm not I'm not hearing any I'm not hearing any of yours I'm talking a lot I I'm I'm drinking the bottles right now that's all good it's all good as as long as I didn't Brak me some brighty for nothing yeah no don't worry I'm definitely slamming one back I'll chug it chug some sips of this one there's the next one sounds close all right the short pattern there's one that I want to go
30:40 over that is a little bit different but I'm trying to think of like a a good example some stocks that the r i I think actually I can use this lnts as an example it's a froy one Jesus Christ put some head on there oh yeah look at that
31:11 in in Portuguese it's called karino oh yeah I'm in Brazil that's what the phone means no it's called karino is the Portuguese name for the head yeah I've been in Brazil a couple years I don't know if you know you're still in the states right yeah so where are you in Brazil Rio been a Brazilian moment I don't think I told it but as traveling around the world just working working and traveling and doing freelance marketing obviously not so much trading
31:36 cuz I got the worst discipline in the world but met a Brazilian girl and been been with that for the last three years and G about to get married l s real good you have I got a chance you made have been nice R congrats that's awesome dude thank youbody I don't been to real or anything like that no never been there come it's a good place I saw you went to Newcastle or how how how did you find me home City oh yeah it
32:03 was funny because when I was driving by like that little Beach area like like there's a lot yeah there's a beach like down like way down and then there's like like a castle like way up on top of it and I was like I feel like this is where Jon was always running he always posted like a picture running there or some I D that that was where I was running I do run around there and grew up there went to all the
32:27 places you were sha missed it y yeah I was there man that was cool good stuff all right let is no MNS oh so there's just a pattern that I think a lot of people don't take enough thought process out and that's just basically when you see like a big top Wick like this and it come all the way back down usually like any Spike that pushes into that top Wick is it usually fails for those
32:56 first IAL bounces the the one that I saw that didn't respect that was KX and this was just because this volume like overwhelmed it obviously and it had obviously was behind the sector and so this one just ripped through it but most of the times when you see this type of top wick on heavy volume this next day when it gaps up and tries to push it's it's going to stuff
33:27 more most of the time but you just got to watch out for if it's trading more volume or or some like that and I also think it's it's more important when it's more relevant so the more relevant this type of huge volume day with with the stuff is like there was another one xod I know this is a cheap one but you can see like this thing just faded to an oblivion after that huge huge failed day so I think
33:57 that initially like shorting these there is a lot of money to be made but there's also a lot of money to be lost it seems like a lot of the easier trades are actually the next couple days just taking that 10% or taking that 15% whatever it is and like this one had gaed up from 8 to 12 and pushed to 13 and then went all the way back down to nine after reverse split I think it was a
34:26 cheaper stock before that but it's it's just a pattern that I've been noticing no it's it's nice and as long as it doesn't have those like those thin the really thin float and the the volume doesn't get too low cuz I I remember hqd was a low volume one that got you that must have been frustrating I don't know if that was around the time when you were throwing laptops out the window yeah yeah that was that was a
34:53 wild one man I don't even I don't even know how that happened but that was a crazy actually it's got a little bit of activity here recently but yeah this one just went straight up man 2500 and I was just getting Rim roded shorting it but the good thing was I kept cutting my losses over and over again but every day I would just lose so much money because it just didn't it didn't go down you
35:19 know and we had never seen anything like this before and then of course when it topped it just went straight down and no bounce no it's absolutely crazy I've got I've got a couple of questions by you we'll run through them quite quick feel free to give short answers I don't take up too too much of your time but I'm just thinking look Jack number one on the leaderboard you're at the top you've been at the top for a few years
35:46 now like do you have do you have a certain mindset or approach that keeps you going or you just like you're not B now you like look the Market's not so good anymore if someone someone comes to the number one after you it doesn't matter yeah go I hope someone comes to the number one man that I can start seeing what the they're doing you know what I'm saying like I don't care I I'd love for someone to to do better
36:09 than me and hopefully when they do they can at least give me a phone call so I can say what the are you doing I can do that too you know but yeah I I not I'm definitely not working as hard as I I did in 2020 and 2021 because trading just isn't as isn't as fun definitely as it used to be for me like I used to just be able to sit here all day and rock all day not
36:36 eat any food not do anything and I was just I loved it you know what I mean but but now I I'd rather just be off the screens I'd rather be doing so many other things I rather be fishing or hiking or golfing or riding my quads or driving my car or on the o on the ocean I love being on the ocean hanging out with friends hanging out with loved ones of course I'd rather skiing like there's so
37:00 many things that I'd rather be doing yeah but I mean when when you were doing that crazy brainstorming time was that like just theorizing ideas tracking data just staring at charts like what what did you spend most of your time doing I was really just staring at charts so what I used to do is just keep a list of any stock that had volume and was moving up or down and this was like thousands of stocks and I would
37:24 basically just scan through them all every night so my ritual was kind of trade wake up at 8 see what's see what's gapping up collect like 50k on the Gap ups and then try to either double it or lose it all in the first hour and then after that I would kind of step away from 11 to 12 do a quick smoke and come back and trade the afternoon and then after that whatever market closed step away again and then
37:54 come back to the screen that like six 78 and just sit there probably till like 11: or midnight and from there then I would just scan through all the stocks and see what what was moving and and then I would start making the crazy ideas when you know nobody was on nobody was on Discord nobody was on voice I was just kind of sitting there I'd listen to music and I would just brainstorm brainstorm brainstorm brainstorm and that's talking at like
38:24 what the fence floats news charts all that kind of stuff charts definitely number one and then I would never look at filings ever because this shit's too complicated to read and then after that I would look at I would look at like what's the float in the outstanding shares just so I know how the Stock's going to move and then I'll just draw my lines on the chart and I would say okay if this if it does this
38:53 this and that then I want to buy it here and I want to buy X amount of size and then I would plan those trades and then I would also plan my day trades based on the patterns the first red days the breakouts Etc so when the market open there is nothing else for me to do right there's there is nothing for me to do except just react to the plans that I'd already made the night before and I
39:16 would just do that over and over again thanks and obviously you number one a lot of people look up to you who do you look up to I look up to disciplined Traders I look up to people that have been steadily profiting for the last whatever five years with like the same amount like it's very impressive to me if someone can make a million dollars every single year for the last like five six seven eight years
39:48 that's really impressive to me and that they have some serious skill as a Trader definitely a lot more skill than than I do I've been it's not like I've been read the last several years like I've made money this year I made money last year made money in 2022 obviously made money 2020 in 20 2021 2020 2019 Etc 2018 but those traders that can make a significant amount of money in any Market are really really impressive and I look up to them because
40:20 they're so disciplined and they continue to just make money no matter in work conditions because i' have to deal with a lot more pain and agony losing money a lot of the time and then just waiting and and waiting for that one that I'm I'm that I get that I hit you know yeah no makes makes full sense can I can I just check like why why are you kall like what's the advantage for you because you can do whatever you want
40:46 right you don't need to bail but what's the advantage of kall for you just so I can see how much I'm up on the up up or down on the week the month the year all time and it's it doesn't take any skin off my back that that just automatically updates so I don't have to do anything anything to it man and it's it's just really simple and I I like it and I like the the owner of kinfo
41:13 he's a really good dude as well so I've just found a nice little home there at at kinfo and I think it's a good way to also connect with Traders I saw saw a Trader up and coming and I'm like yo the owner of K I'm not going to say his name I was like yo I didn't talk to this person so I had to make an intro an intro for me so we'll see we'll see how that goes but I
41:41 think it's a good place to also learn you know yeah no we obviously the owner of kful as well I know I know him well as well I work super close with him and he's got a lot of friends in the space because he's a cool guy but the the other thing that I I remember is like dude I remember when I think you probably just hit a million around that December 2020 you did that thing where
42:01 you went back to your parents house you had some money in some suitcases it was money taken from the bank you had the you give it over to your mom and dad it was a super cool thing you had on X or Twitter whatever you call it complaining that the color of the bands were wrong and that you were being a scam and a fraud you remember oh yeah yeah yeah I remember that I just thought like what the
42:25 are these people saying like obviously like in my mind it's like obviously he's making the money you can tell just by don't know but I mean that's what advantage of Kim for like there's no argument anymore like look it's it's there and it's verified like it's cleaned up a lot of that that maybe you couldn't verify people before that you know what I mean that was that was nuts yeah and it's funny though because I think people will always find
42:50 a way to hate or now or whatever it is people be like oh you have another account that you're losing on you know what I mean like people are always looking to hate or I think that a lot of people out there that do hate or do not want to be transparent or whatever it is it's like okay the only the only person you're really hurting is yourself you know what I mean you're only hurting yourself not being verified or hating on
43:18 these people because guess what whatever the you say to me I don't give a you know what I mean I give zero if you think the bands are the wrong color or I have another or whatever it is I don't really I don't care and I learned that mindset because these people will always just come up with with some other some other excuse so now I think it's just funny and I love I love when people say some stupid
43:42 because I get a I got a laugh out of it and and you get Agony and pain out of it so is there any cost to being transparent you think or any cost to Shan transparency like negatives yeah what's the negative or is there a negative I would say I mean my neighbor actually came up to my house and whatever he he wanted my number so we exchanged his number obviously I put my name into the
44:13 I put my name into his phone so we're we're all cool and whatever and I like him he's a really really really good guy and was really cool to meet him but he just he found me like on Instagram found me my story like within like 15 minutes and I was like yeah that's that's the cost because maybe it's not something I wanted to kind of say right away but that's kind of the cost is sometimes a lot of people will know your
44:40 business and some people that maybe you don't want to know right away but the good thing is my neighbor is super cool so it it doesn't matter you know that makes sense if last few questions nowz we're coming up to probably around 50 minutes towards an hour so I don't want to keep you too long but if if you had to if you had to start all over again or if you had to like coach your a little brother or
45:05 something what what would you start off what would be the first couple of things that you do I think K already know the answers but how would you start them off how would you start yourself offall basically I would just have that talk and it's like are you willing to put in the crazy amount of hours that you need to put in to become successful and if the answer is like if I don't see that person putting in
45:36 8 to 12 hours a day 15 16 hours a day like all day and I'll would just say like it's probably not going to be for you because someone else is going to be putting that hours in and taking your taking your money at the end of the day so I would just say that's what it really that's what it takes like you got to you got to grind and then you got to figure out what patterns are are
46:03 working in the market right you got to figure out obviously all the key terms you got to figure out what the going on and you got to see what patterns in the market are working and then it's just your your job after that to trade those patterns and make money small and and size up once you start to get consistently profitable that makes sense I am I had to kale a while back and I asked him if you
46:29 weren't going to be a Trader what would you be and he said he would be someone who I can't remember D what he said creates mechanic devices to do physiotherapy on people's arms or something I want to ask the same question you what would you do if if you weren't a Trader what do you think you'd be doing I definitely wouldn't be on the the screens man I I hate I hate actually computer workor and and
46:57 I would just try to do something like my I mean my dad was an electrician maybe do like carpentry or I'd love to build houses actually I I love building and I like heavy machinery like a heavy machinery operator like just anything with like just moving and building and being outside and doing doing that kind of stuff right I see those YouTube channels where some people in the states like find a plot a line in the middle of forest in nowhere and just
47:28 like live off no money and nothing I don't know if we've seen that like just chickens and stuff yeah I think that's cool man a it's it's something something for the future but is there is are you doing much now because the final question are you doing much now because the last thing I saw you were retiring from fulltime PR that was a YouTube video like seven months ago are you still doing that I know are you doing
47:54 some stuff at SES right now yeah yeah SES and I are have teamed up and helping them out in the challenge which has been great got a lot of great feedback about the webinars and watch lists that I give and also helping out people on swing trading as well swing trading service and also still working on some other stuff with him but it's been
48:24 great it's been great hanging out with him and working with him since he's the one that I started with and he taught me a lot of the core lessons that I still used to this day like just some of his some of his mindset stuff that I couldn't make fun of him for like cut losses quickly or whatever it is or you know sometimes it's best to just lock in lock in small gains and stay around and and study hard and everything
48:52 that he says is some that I I'm just like I need to cut this loss here just think of Tim screaming it in my in the in my ear you know what I mean so yeah it's it's been good working with him and then what was the other part D just what you up to now and what you're doing now mainly with your life I guess you've got some other investment stuff going on I see some
49:18 stuff on Instagram about investing in property is that right oh yeah put I put a lot of my money into just Investments I don't don't want to trade with like a huge account anymore because it's very it's very risky and I don't want to lose what I've made because with what I've made I could do everything I want in my life because I'm not looking to buy Yachts or I'm not looking to buy Jets or any of that so I'm just very
49:45 happy with what I've made and just being financially free at 25 but I understand that you can't just keep that money in the bank account and let it just rot to inflation so just been investing in stuff that's the safest assets so like stocks real estate v a little bit of venture capital and but but mostly just real estate I I have a lot of money in real estate in the states here and
50:16 primed locations and just kind of I've looked at like 100 two 300 year charts on the volatility of it and it's it's just such a smooth asset and to me it's I can hold it because it's physical obviously if you want to be more risky you can put your money into Bitcoin or you can put your money into individual stocks but for me I'd rather just play it safe and just buy real estate in good areas that people are
50:46 always going to want to live in unless some crazy happens in the world and if that's the case then money doesn't even matter anyway so who gives a and yeah that's what I've been up to yeah sounds sounds good I'm probably doing the same thing but on a on a smaller scale but Jack unless you've got any final Last Words fantastic I get you on really really amazing insights I've in like I've interviewed over hundred for maybe 200
51:13 maybe 300 probably 100 to 200 people and I've never had a never over 200 Traders I've never had an episode like this where I don't think I can say that either but you as well it's defin most podcast you've done before that's the goal right it's it's yeah I've never had anyone say I've never had any of 200 Traders say I open up my mind I brainstorm I put these Theses together and that's and that's and that's how you
51:39 make the real money beyond the the million or the two million so appreciate this really appreciate I think you're going to open a lot of people's eyes up and ears up when they hear this and that's want I thank you for your time so if you've got any last words let me know you can close it out just thanks for having me on and apologize to the the people that I don't have the camera on because we tried
52:03 for a little bit to get that camera going and it it just it wouldn't start so yeah the goal for this interview for me was just to come on and have fun with jock because he's a he's a fun guy just wanted a little Nostalgia that's why I was like we got to have some beers because I still remember in 2017 I think when I was a loser day trader learning and grinding I remember seeing him
52:28 ripping down some beers at the Orlando conference and I was like yeah that guy's that's jock and yeah you just you always inspired me from how hard you worked and grinded and rip down beers so I was like we just got to rip down some beers and I just got to be really honest with a lot of people and just have a a fun interview versus having all if you want a serious interview then you guys can look at any
52:55 other interview but it's wanted to have a lot of fun tonight with you J and it's been it's been a pleasure man really has and it and it was fun and I think I think some of the lessons are maybe the best ones because no one wants to watch the same no one wants to watch the same person get interviewed and say the same thing made it nine times in a row and it's just the same question with
53:14 the same interview answers nine times so really really good to get something refreshing so thank you for that thanks for coming on Cheers and I hope I have a couple of PE with you in person one day cheers red I'll see you soon dude
Summary
- Jack Kellogg is the number one trader with almost $13 million in profits.
- He initially used marijuana and alcohol to enhance his focus while trading but has since shifted to a more balanced lifestyle.
- Kellogg's trading strategy involves identifying patterns in low-quality stocks, often overlooked by others.
- He emphasizes the importance of volume and market sentiment over traditional data analysis.
- His best trades often come from creative ideas rather than strict adherence to established trading patterns.
- Kellogg believes that anyone can learn the basics of trading, but intuition and experience are key to success.
- He values transparency in trading, using platforms like Kinfo to share his performance and connect with other traders.
- Currently, he focuses on real estate investments while still engaging with the trading community through educational webinars and mentorship.
Questions Answered
Who is the top trader being discussed?
The top trader discussed is Jack Kellogg, who is currently at nearly $13 million in profits.
What is Jack's approach to identifying trading opportunities?
Jack focuses on trading volume rather than percentage changes, looking for stocks with high volume and potential for movement.
What patterns does Jack observe in summer trading?
Jack notes that there is often a significant stock rally during the summer, typically involving well-known meme stocks.
What does Jack say about trading strategies related to top wicks?
Jack explains that stocks with a big top wick often fail to maintain upward momentum, especially if they experience heavy volume.
What are the potential downsides of being a transparent trader?
Jack discusses that transparency can lead to unwanted attention and scrutiny from others, but he finds humor in the negativity.