1. Trading Journey

Jack started trading over 10 years ago. Although he has become a consistently profitable trader, that was not always the case. The ups and downs, wins and losses, good experiences and bad, have all bought him to the place he is today.

Jack’s journey started with buying stocks he saw being tipped in share magazines and online forums, which, in hindsight, is not a good place to receive investing ideas. Following many unsuccessful trades, Jack’s interest was sparked as to why he kept losing money. His competitive nature kept him up long into the nights as he started to study the stock market and different investing strategies.

At first Jack learnt about fundamental investing. He began understanding the importance of key metrics like increasing revenue and profits, and a solid balance sheet. He spent many hours studying the legends of fundamental investing, such as Warren Buffett and Benjamin Graham – author of ‘The Intelligent Investor’.

Jack began to buy companies displaying strong fundamentals. The results were hit and miss. Jack was frustrated why a company’s share price would decline after he had spent many hours doing careful research and the prospects for that company looked promising.

The question Jack asked himself was “surely there is a better way to time entries and exits on trades?”
Jack Corsellis

"Three men came to Wall Street. The first always knew what was the best buy. The second knew why it was the best buy. But the third knew neither of these things; he only knew when to buy. He made the most money."

Richard D. Wyckoff

2. Influences on Jack's Process

This question led to discovering technical analysis. Jack was shocked at this whole new world. He spent countless hours and sleepless nights studying technical analysis

Many famous books were studied page by page such as William O’Neil's 'How to Make Money in Stocks', Mark Minervini's 'How to Trade like a Stock Market Wizard' and many others. Jack’s library consists of over 500 books related to the stock market, psychology, and business.

Wyckoff Methodology

During Jack’s study of technical analysis, he began reading about Richard Wyckoff who was a successful stock market operator in the early 1900’s. Wyckoff’s methodology was built on the foundations of understanding what the ‘smart money’ was doing.

Richard Wyckoff developed his methodology by interviewing many of the trading greats, such as Jesse Livermore and J.P. Morgan. Wyckoff learnt that the ‘Smart Money’ accumulates and distributes positions. This knowledge, of being able to identify stocks under accumulation and distribution, forms the backbone of the Wyckoff methodology.
Richard Wyckoff

"So the first thing I learned about how to get superior performance is not to buy stocks that are near their lows, but to buy stocks that are coming out of broad bases and beginning to make new highs.

My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast. Letting losses run is the most serious mistake made by most investors."

William O' Neil

Wyckoff called this the price cycle to which there were 4 parts. Accumulation, markup, distribution and markdown. Many trading greats who followed Wyckoff built upon this principle of buying stocks in the markup phase (O’Neil, Darvas, Weinstein, Minervini etc).

Trade the Strongest Stocks

When trading breakouts, Jack focuses on identifying the strongest stocks in the strongest sectors. William O’Neil had the biggest impact on Jack in terms of showing why an investor / speculator should always aim to identify the strongest stocks with the best growth prospects. Jack screens 10,000’s of stocks daily to identify those with the best future growth prospects.
Wyckoff Price Cycle Accumulation Distribution Stocks

"Long-term success in the stock market has nothing to do with hope or luck. Winning stock traders have rules and a well-thought-out plan. Conversely, losers lack rules, or if they have rules, they don’t stick to them for very long; they deviate.

I went from mediocre to a stellar performer when I told myself: To heck with worrying about the money and obsessing over the scoreboard. I’m just going to focus on being the best trader I can be and sticking to the rules. Then the money followed."

Mark Minervini

3. JackCorsellis.com

Swing Trading Strategies

When to Buy?

Jack understood the smart money accumulates the stocks with the best potential for growth and then distributes them at the highs to the public / retail traders. By studying the lessons from trading greats, and analysing 100,000’s of charts, he is able to identify accumulation and distributional characteristics, and where a stock is within its price cycle.

The question then became, when is the optimal time to buy?

The answer for when to buy optimal springs and breakouts is within Jack’s courses. It combines all the knowledge from the trading greats in conjunction with a deep understanding of optimal Japanese Candlestick patterns.

Jack seeks to identify the strongest stocks in the market under accumulation by the smart money. Following this, he watches for repeatable price patterns to form due to supply and demand balances, then purchase the stock at the most opportune moment in conjunction with a bullish Japanese Candlestick pattern.

How much to Buy?

Jack soon realised that knowing the optimal entry points required an expert understanding of sound risk management and optimal position sizing. This led him on a journey to become an expert in these areas of investing. His optimal risk management and position sizing techniques are taught within his courses.

Everything within Jack’s trading process is focused on optimisation and efficiency, which can be practiced in a deliberate manner.

Jack shares his expert knowledge with his growing member base through his courses and various memberships on this site.

"There are no good or bad stocks, there are only rising and falling stocks.

I accepted everything for what it was-not what I wanted it to be."

Nicolas Darvas