Jack Kellogg aka Jackaroo is a day trader who is making a killing with penny stocks. You most likely come across Jack on Twitter, Tim Sykes is non-stop tweeting about his trading profits! The market in early 2021 is crazy and Mr Kellogg is taking advantage of the bull market. Despite the recent success, the journey to millions didn’t happen overnight.
Unlike your average high school student, Jack Kellogg never had plans to attend college after graduating. He was never top of the class, preferring sports and gaming over academics. Jack wasn’t lazy by any means, he simply didn’t enjoy school – well who does apart from the partying!
Working as a valet attendant since the age of 16, he carefully saved up money with the hope of launching an entrepreneurial venture in the future. He didn’t like the idea of working for someone else and was eager to be self-employed.
After graduation, he briefly worked as an EMT and volunteered as a firefighter. What a guy! As soon as Jack had accumulated $10,000 in savings, he was searching for new opportunities. Real estate was the first thing that sprung to mind but never progressed with the idea.
As luck would have it, Kellogg bumped into a childhood friend at the gym who was a student of Tim Sykes. His friend advised Jack to watch some of Sykes’ videos and think about joining the Millionaire Challenge program. Once Jack started watching Sykes’ YouTube videos, he instantly became hooked.
In the hope of making some extra money, Kellogg stupidly gave his friend $1500 to trade with it on his behalf. However, Jack’s friend blew up the account and lost all the money. Slightly annoyed by this, Kellogg instead decided to learn how to trade for himself. Jack’s New Year resolution for 2017 was to learn everything he could about stock trading.
With $75oo left, Jack opened up a thinkorswim account and an E*Trade account for short selling. Like every new trader, he struggled early on with the fear of losing money and had inconsistent results. During this time, he was trading momentum stocks with morning spikes but kept buying the tops and selling bottoms.
After a few small losses he quickly realized he needed a mentor. In January 2017, he signed up for Tim Sykes’ Millionaire Challenge. Using his powers of persuasion, he convinced his parents to cover half the cost of the program.
Once he regained confidence he started short selling with a small margin account on E*Trade. Over the next year, the E*Trade account slowly declined, losing a third of its value.
Kellogg didn’t lose hope and kept working as a valet attendant while learning to trade. When he wasn’t working, the majority of his free time was spent studying – some days putting in ten hour shifts. Tim Grittani in particular was another important mentor for Jack. Similar to Steven Dux, the Trading Tickers DVD by Grittani was a huge help.
2018 was when the tide began to turn and Kellogg slowly grew his trading account. The account wasn’t growing as fast as he wanted because broker commissions of 20-40% were eating away profits.
In May 2018, Jack suffered his first big loss – a bad trade on $HEAR cost him $8,000. Wiping out all the profits he generated during that year. By this period, he was down $4,000 overall – a big hit that caused Jack to take a break from trading for three months so he could save up more money.
Jack came back in June 2018 with a new strategy and $29,000 sitting in his broker account. Not long after, he struck up a friendship with a user named MichaelGScott on Profit.ly. Kellogg noticed Michael was banking some steady profits and was interested in learning about his OTC strategy.
In August, Kellogg met up with MichaelGScott (Dominic Mastromatteo) and spent two weeks in Michigan trading with him live. The trip proved to be a key turning point as he made $7,000 during those two weeks. The knowledge gained was priceless and Jack developed a strong understanding of trading OTCs.
Literally in the next month, Kellogg’s effort began to reap rewards with the new strategy. Four straight $2,500 weeks resulted in a $10,000 month for September. October was a slightly better month with $11,000 in profits. To finish off 2018 on a high, he made $11,000 in the final two months. Finally the persistence was paying off and he took the plunge to trade full-time.
He moved to Michigan to team up again with his trading buddy Dominic Mastromatteo. This time on a permanent basis. The move instantly yielded results as Kellogg banked $48,000 in February 2019.
Since then, Kellogg has exponentially grown his account behind all expectations, surpassing $6 million in profits as of March 2021.
Currently Kellogg prefers to swing trade OTC stocks and momentum scalps. Kellogg also is learning a new strategy from Harry Hoss, he likes to use the lower-risk strategy of buying bounces. The key part is getting in and out quickly and risking off of your entry price. If it starts to fail, you can quickly exit the trade.
Low-risk trades remain his main focus as he doesn’t want to risk trading with a lot of capital anymore. Despite the recent success, Kellogg remains a cool humble dude.
He’s even helped his girlfriend Mariana Hincapie get started with trading. Mariana began trading in July 2020 and has already made over $700,000. Wow, mind blown! January and February were also huge months for the power couple as the markets were crazy!
If you want to start your own trading journey I recommend checking out my Tim Sykes review. Although you won’t achieve the same level of success as Jack Kellogg you can always dream!