B The Trader 8 Figure Trader Explains His Record Trade of $1.2 Million
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Apr 28, 2025 In this conversation, Jack Kellogg, a highly successful day trader with over 80,000 followers on X, dives into his remarkable $1.2 million swing trade on Alibaba. He reveals the critical importance of market conditions and the need for diverse trading strategies. Jack discusses how his trading approach has evolved from technical to fundamental analysis, showcasing the benefits of understanding the market deeply. He emphasizes the significance of critically evaluating strategies and learning from others to enhance trading success.
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Jack's $1.1M Alibaba Swing
- Jack Kellogg's biggest day trade was a swing trade on Alibaba (BABA) stock.
- He bought 20,000 shares at $87.39 and sold after less than a month for nearly a 60% gain.
Value of Multiple Strategies
- Jack learns from specialists in various trading strategies to build a versatile skill set.
- This diversity allows adapting to different market conditions and maximizing profit opportunities.
Combine Fundamentals and Technicals
- To reach the next level, traders must learn fundamentals alongside technicals.
- Combining technical analysis with fundamental research builds confidence for bigger trades.