Jack Kellogg, who began juggling multiple jobs as a valet driver, firefighter, and entrepreneur, dreamed of financial freedom about six years ago at the age of 18, focusing on saving money and turning to pennies. I learned everything I could about the stock market. stock.
Jack’s drive to succeed has taken his mental and physical health to unhealthy levels as he has managed hundreds of trades, sometimes gaining hundreds of percent in illiquid, unregulated securities. It pushed up and quickly collapsed in just a few weeks.
This multifaceted discussion takes us on Jack’s journey through setbacks and struggles.
Disclaimer
Trading in financial markets involves the risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Topic and Timestamp:
- 0:00 Jack’s background and how he got into trading
- 5:15 His parents’ views on trading and early goals
- 6:25 Why trading appeals to Jack
- 7:25 Is trading lonely for him?support network
- 9:00 Quick profit is a disadvantage
- 10:45 His friends and family’s take on penny stocks
- 11:36 Penny stock problem
- 18:10 Recognition of penny stocks and why to trade them
- 20:42 Liquidity issues and how they change over time
- 23:30 Jack’s strategy and what to look for
- 29:00 Jack loss due to liquidity issues
- 35:50 Using Leverage
- 37:10 Hold penny stocks for days or weeks
- 40:10 Penny stock short
- 42:15 Trading Mindset
- 43:15 Personal Care, Sacrifice, and Disease
- 49:13 From $20,000 to $11 million in just five years
- 52:00 Enjoy your prize
- 54:00 Advice for traders
- 55:45 How to contact Jack
Jack Kellogg