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Jack Kellogg started trading stocks right out of high school in 2017. After 5 years in the sector, you have already been exposed to many variations in industry conditions, including the stock market crash of 2020, the bull rallies of 2021, and the bear market of 2022 . And he has learned something from all of this: you have to be flexible and keep things simple. "There is this acronym: KISS (keep it simple, stupid). I don't think people need super sophisticated indicators to make money trading stocks . I'm just using basic trend lines, support, resistance, volume, and those are all my indicators ". Kellogg says. "I think if you overcomplicate the indicators, you will actually ruin your trading because you will be trading more with the indicators than the actual price action ." Started trading stocks with $7,500, and losing.
This attitude has allowed him to become a versatile trader, taking long and short positions when appropriate, which helped him continue trading during the 2022 bear market. His tax returns, seen by Business Insider , show that he declared more than 8 million dollars in daily trading profits between 2020 and 2021 . His returns picked up momentum in 2020, when Iceland Phone Number List he had a total income of $1.6 million. In 2021, that amount grew to $6.5 million. I tried RV life for two weeks and one aspect of the trip made me wonder if I'm cut out for the lifestyle. Kellogg has come a long way since starting with $7,500, which is what you initially deposited when you started trading. His road to success, however, was not easy. When he first tried trading he lost a few hundred dollars.
This led him to realize that he didn't know what he was doing. So, he decided to take 2 steps back, disconnect from the real world and rehearse on paper, without risk. He enrolled in an online course, which his parents helped him pay for, and which had been created by Timothy Sykes, a trading teacher and former stock trader , known for claiming that he turned his Bar Mitzvah cash gift into profits of more than 1 a million dollars. The artificial intelligence 'boom' has skyrocketed some values up to 300%: these are the 74 favorite stocks of managers specialized in AI When the stock market began to recover strongly in 2020 , you were ready to ride the wave. In 2022, when the market slowed, he continued to make profits by betting on popular stocks like Bed Bath and Beyond He also traded some small-cap stocks and made big profits on individual trades such as Intelligent Living Application Group Inc.
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發表於 2024-2-14 19:25:06