A lot of people come to trading with the wrong mindset…
“Give me easy. I just want to click a few buttons and next thing you know I’m on Instagram with a Lambo.”
I’m friends with a lot of great traders like Tim Grittani, Bryce Tuohey, and Kyle Williams. I’m kind of the old man around here. I’ve known these guys back to when they first got started.
That includes Jack Kellogg. If even half of what he’s predicting plays out, it could change everything for traders in the days ahead. Jack is sharing all the details with Tim Sykes on Wednesday, June 24 at 8PM ET…
“The last time this window opened, I grew my account
from $160,000 to $8 million in 12 months.”
– Jack Kellogg
I consider all of the above traders friends. And I don’t think they would mind me saying this:
There’s nothing truly exceptional about any of them.
Yet, they’re some of the most successful traders out there.
Table of Contents
The Big Picture
There are really only three things required of you to trade like these guys…
Successful Traders Work REALLY Hard
Most people don’t work hard. They say they do. They’ll tell you that they’re just grinding and grinding. Really, they aren’t.
Working hard means showing up every single day. And that requires discipline…
Pro Traders Have Discipline
Most people will say they’re very disciplined.
Show me your daily routine. Map out your day by memory. When someone tells me they are disciplined, that’s my test.
Can you map out your daily routine? I know exactly what I’m going to do tomorrow. I don’t need a notepad or a calendar. I know exactly what time I’m going to do everything throughout the day.
Most of the pro traders I know could do the exact same thing. That’s because they take trading seriously. This is not a joke to them.
I see people every day treat trading like it’s fun. I’ll never tell you it’s fun.
Ask any of the traders mentioned above if trading is fun. Or if it’s like Instagram where you’re at the beach in a Lambo.
None of these guys will say it’s fun. It’s really hard and every day is a challenge. Now, if you have the right mindset, you like that. I like every day being a challenge.
Finally, one thing that all these guys do, but a lot of people don’t is…
Track Data To Beat the 90% of Traders Who Fail
If you follow Kyle Williams, you’ll see his ridiculous spread sheets. Jack Kellogg does the same thing. All of those guys and every top trader I know tracks data. Want to know why 90% of traders fail? They don’t track their data.
For example, Jack Kellogg can tell you what stock he traded back in 2017 when he almost gave up. He can show you the chart. He can tell you the patterns. He’ll tell you what mistakes he made, his position size, and a bunch of other data points.
My Take
I truly believe anyone can succeed at trading. I don’t care what age you are. I don’t care what sex you are. I don’t care what color, creed, or nationality. I don’t care about your upbringing or past failures. I don’t care what mistakes you’ve made or what you’ve screwed up in your life.
The beauty of the stock market is that it starts over every day, okay? Tomorrow is a new day. The market is the ultimate forgiver, but it takes hard work and discipline.
Watchlist
Today’s watchlist features two mid-caps, tightly linked by a pending merger. One, however, is a lower float sympathy play to the first.
Yesterday, Getty Images Holdings Inc. (NYSE: GETY) announced a deal with OpenAI to use its images for ChatGPT search. The stock spiked +260% in early premarket trading before settling into a range around +150%.
GETY 6/18/26 through early premarket 6/22/26, 5-min candle, solid news catalyst
Meanwhile, there’s a pending merger between Getty and Shutterstock Inc. (NYSE: SSTK). So, SSTK is an obvious sympathy play:
SSTK 6/18/26 through early premarket 6/22/26, sympathy to GETY
Now, one thing to consider is that SSTK trades lower volume. But the chart shows why it’s good to keep track of sympathy plays.
On My Radar
- Think US politics are messy? The UK is going on its 6th Prime Minister in 7 years.
- If you struggle with discipline, then read “Discipline Equals Freedom” by Jocko Willink.
- Further to yesterday’s newsletter about sympathy plays: 27 of these 34 stocks that doubled in the past year are related to the AI buildout. Mind you, at least 1 stock on that list is wrongly counted as “other sector.” (Hint: see the next point and be careful who you listen to.)
- As noted here back in May, Caterpillar Inc. (NYSE: CAT) is an AI buildout play.
- RIP former Fed chair Alan Greenspan.