At just 24 years old, Jack Kellogg has managed to amass over $8 million in gains from stock trading in just two years. In a field notorious for its complexities, Kellogg shares his journey and the four key indicators that have guided his trading decisions.
One of Kellogg’s primary indicators is the volume-weighted average price (VWAP), revealing the average price paid for shares and aiding in sentiment analysis. Emphasizing simplicity, Kellogg relies on basic indicators such as trend lines, support, resistance, and volume, steering clear of unnecessary complexity that could potentially hinder trading decisions.
Kellogg’s trading adventure began in 2017 right out of high school, and over the years, he has weathered diverse market conditions, including the 2020 crash, the bullish rallies of 2021, and the bearish trends of 2022. Learning to keep things simple and stay flexible, Kellogg adheres to the principle of “KISS” – Keep It Simple, Stupid.
Avoiding overcomplication, Kellogg remains a versatile trader, engaging in both long and short positions as market conditions dictate. His tax returns reveal a remarkable trajectory, reporting over $8 million in gains from day trading in 2020 and 2021, with his income surging from $1.6 million in 2020 to $6.5 million in 2021.
Kellogg’s journey from an initial deposit of $7,500 wasn’t a linear path. Early losses prompted him to switch to paper trading, followed by enrolling in an online course by Timothy Sykes, providing the skills and patience necessary for success.
Kellogg’s top four indicators include the VWAP, serving as a sentiment guide for buy-in prices and exit points. Linear regression helps predict price trends and potential reversals, while volume indicates possible stock reversals. Support and resistance lines, changing throughout the day, help him identify key levels and assess the strength of those points.
Despite these indicators, Kellogg emphasizes that price action is paramount. He never solely relies on indicators and emphasizes the importance of cutting losses if the price action doesn’t align with the trade thesis. Kellogg believes that successful trading goes beyond strategies and indicators, stressing the significance of mastering emotions and maintaining discipline in the face of market fluctuations.
