His tax returns, viewed by Insider, showed that he reported over $8 million in gains from day trading in 20. This attitude has allowed him to become a versatile trader who takes both long and short positions when appropriate, which helped him to continue trading throughout the bear market of 2022. "I think if you overcomplicate the indicators, it will actually throw off your trading because then you're trading more on the indicators than the actual price action."
I'm just using basic trend lines, support, resistance, volume, and those are all my indicators," Kellogg said. I don't think people need super fancy indicators to make money trading. "There's this acronym: KISS, keep it simple stupid. One thing he has learned through it all is to keep things simple and remain flexible.
Jack Kellogg began trading stocks right out of high school in 2017.įive years into his craft, he has already been exposed to various types of market conditions, including the stock market crash of 2020, the raging bull rallies of 2021, and the bear market of 2022. Account icon An icon in the shape of a person's head and shoulders.
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