Valet Driver Turns $20K into $11Mil over 6 years After Wipe Out · Jack Kellogg

EP 249 | Valet Driver Turns $20K into $11Mil over 6 years After Wipe Out | Jack Kellogg

Starting out juggling multiple jobs as a valet driver, firefighter and entrepreneur, Jack Kellogg at 18 years of age about 6 years ago dreamed of financial freedom, became laser-focused on saving money and learned everything he could about the stock market before turning to penny stocks.

Jack's intense drive for success pushed his mental and physical health to unhealthy levels as he managed hundreds of trades, and at times in illiquid, unregulated securities that often saw hundreds of percent increases, quickly followed by spectacular collapses within just a few weeks.

This multifaceted discussion takes us inside Jack's journey, which was met with setbacks and struggles, along with wisdom gained earlier than usual for someone so young.

Topics & Timestamps:
Please note: Exact times will vary depending on current ads.

0:00 Jack’s background and how he got into trading
5:15 His parent's view of trading and early goals
6:25 What makes trading fascinating for Jack
7:25 Is trading lonely for him? Support network
9:00 Quick and easy profits are disadvantageous
10:45 His friend’s and family's views of penny stocks
11:36 Issues with penny stocks
18:10 Perceptions of penny stocks and why trade them
20:42 Liquidity issues and how it changes over time
23:30 Jack’s strategies and what he looks for
29:00 Jack’s losses due to liquidity issues
35:50 Use of leverage
37:10 Holding penny stocks for days or weeks
40:10 Shorting penny stocks
42:15 Mindset of trading
43:15 Personal care, sacrifices and illness
49:13 $20,000 to $11 million in just 5 years
52:00 Enjoying his winnings
54:00 Advice for traders
55:45 How to contact Jack

See more show notes here:
https://chatwithtraders.com/249

Links & Resources:
Twitter: @Jackaroo_Trades
Instagram: JackKellogg

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DISCLAIMER:
Trading in the financial markets involves a 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.

#pennystocks #daytrading #timothysykes #otcstocks