{"id":2218,"date":"2019-05-06T06:00:50","date_gmt":"2019-05-06T13:00:50","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2218"},"modified":"2019-05-13T11:19:32","modified_gmt":"2019-05-13T18:19:32","slug":"jack-kellogg","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/jack-kellogg\/","title":{"rendered":"Trading OTCs with Jack Kellogg"},"content":{"rendered":"<div id=\"backtracks-player\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-96-trading-otcs-with-jack-kellogg\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Today, host Tim Bohen interviews trader Jack Kellogg. This young trader\u2019s into trading OTCs (over-the-counter stocks) that meet very specific criteria.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Every now and again on SteadyTrade, we like to interview successful traders from the community to help inspire our listeners. You can gain a lot from hearing about the different paths traders take and learn from both their successes and mistakes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, Bohen quizzes him on a bevy of topics: how he finds stocks to trade, why trading is better with friends, and why he thinks college is a scam. Check out this action-packed episode! <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Jack Kellogg Story <\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Jack isn\u2019t what you\u2019d call a high-school scholar, but he\u2019s a hard worker. He worked as a valet through his late teens, saving his earnings to build a better life.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jack had little interest in college &#8230; and he also wisely understood that to live the kind of life he wanted, he needed to figure out how to make money. His 2017 New Year\u2019s resolution was to learn how to trade. That\u2019s when he discovered Tim Sykes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He joined Tim\u2019s Trading Challenge, first relying on paper trading to build up his trading skills. While his results were OK, they weren\u2019t consistent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In observing traders like Michael Hudson (aka Huddie), he realized that to find his own success, he needed to develop a specific strategy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He began short selling &#8230; and initially did well. But then he got cocky and lost all his profits. That turned him off short selling. Once he got burned, he knew he had to shift gears.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Evolution of Jack\u2019s Trading<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Jack\u2019s big losses as a short seller are what led him to OTC stocks. In these low-priced stocks, he saw the opportunity to grow his account quickly. He developed a new strategy, and probably because of his losses, a smarter mindset. He\u2019s been trading OTCs ever since. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Jack, OTC stocks come down to risk\/reward: \u201cWhen you\u2019re right, you can achieve amazing risk\/reward ratios because of how they hold their levels.\u201d <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Benefits of Trading OTCs<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the episode, Jack talks about his approach to trading OTCs. You\u2019ll learn how he strives for a risk\/reward ratio of 10:1, what that means, and how things like VWAP and stock charts fit into the equation. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He also discusses what he sees as the benefits of trading OTCs, including less competition. He also thinks the smaller size can make them more transparent than Nasdaq stocks with things like Level 2 quotes \u2014 there can be less noise and fewer spoof bids. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ll also learn Jack\u2019s specific methodology, including how he chooses entry and exit points based on factors like volume and past history. He shares his techniques for mitigating risk, such as increasing positions in trades that go his way and cutting losses quickly. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For traders interested in this trading style, don\u2019t miss this episode! \u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Got a question? <\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Hey, got a trading question? Ask us! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Psst &#8230; Did you know that if we choose your question to answer on air, you can win a SteadyTrade mystery gift box? Don\u2019t delay! You can send questions via the <\/span><a href=\"https:\/\/www.steadytrade.com\/\"><span style=\"font-weight: 400;\">SteadyTrade<\/span><\/a><span style=\"font-weight: 400;\"> website, <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">, or by <\/span><a href=\"mailto:admin@steadytrade.com\"><span style=\"font-weight: 400;\">email<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders!<\/span><\/p>\n<p><b>How awesome do you think this episode is? Leave us an <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes review<\/b><\/a><b>! <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, host Tim Bohen interviews trader Jack Kellogg. This young trader\u2019s into trading OTCs (over-the-counter stocks) that meet very specific criteria. Every now and again on SteadyTrade, we like to interview successful traders from the community to help inspire our listeners. You can gain a lot from hearing about the different paths traders take and [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trading OTCs with Jack Kellogg<\/title>\n<meta name=\"description\" content=\"Today, host Tim Bohen interviews trader Jack Kellogg. 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