"From 10 Million Won to 10 Billion Won" 24-Year-Old Stock Genius: "Losing Is Due to Weak Mental Strength... The Secret Is KISS"

24-year-old American youth Jack Kellogg's principle
"Keep It Simple and Stupid"

A 24-year-old American man who turned a 10 million won investment in stocks into an amount worth over 10 billion won is gaining attention. He reportedly studied stock investment methods through online lectures.

The American investment magazine Business Insider reported on the 27th (local time) about Jack Kellogg (24), a young man who amassed assets worth 8 million dollars (approximately 10 billion won) at the age of 24.

Kellogg is a man in his twenties who started investing in stocks in 2021 after learning investment techniques and patience through online stock trading classes. When he first started investing, his seed money was only 7,500 dollars (about 10 million won). However, over two years, he earned about 8 million dollars in profits.

Jack Kellogg (24) [Image source=Business Insider capture]

In an interview with the media, he presented his investment principle as 'KISS,' an acronym for Keep It Simple and Stupid.

Kellogg said, "I traded stocks based only on basic data such as trend lines, resistance lines, support lines, and trading volume," adding, "I did not rely too much on indicators. If you depend solely on data, you might miss the actual price trends in trading."

He also pointed out, "If you make indicators overly complicated, you end up relying more on the indicators than on the actual price movements," and "This can lead to losses when trading in reality."

He flexibly structured his long (buy) and short (sell) positions. He changed his positions according to the situation and also utilized short selling techniques to make profits during bear markets.

Especially, Kellogg emphasized that the investor's mindset is the most important. He said, "You have to know how to control your mind," and "All investors receive the same data and approach it, but what you do after seeing that data depends on your own decisions."

He continued, "A common trait among most traders who suffer losses is weak mental strength," and "You can have the best strategies and indicators, but without the 'discipline' to stick to them until the end, you end up facing bad situations."

He added, "Most investors seem not to put enough effort into controlling their emotions."

This content was produced with the assistance of AI translation services.