The BioTech Breakouts Strategy – 3 Simple Steps:
Kyle Dennis is a 26 year old multi-millionaire trader who runs his own stock trading educational service, BioTech Breakouts. His service focuses solely on stocks within the biotechnology sector, which can provide massive opportunities for profit on catalyst run-ups. This type of focused approach allows his members to learn the strategy inside-and-out, and apply it on a relatively narrow group of stocks on a daily basis. Overall, his strategy is extremely simple for anyone to understand, and best of all – it’s effective.
#1: Find a Catalyst
This is arguably the most important aspect of Kyle’s strategy. A catalyst is a reason a stock might move in one direction or the other. When it comes to the biotechnology sector, these catalysts typically come in the form of Phase 1/2/3 data releases, PDUFA’s, AdCom meetings, presentations at conferences, etc. Leading up to such events, speculation and hype can build around the drugs being produced by various companies, resulting in an uptrend in share price as the particular event approaches. The best catalysts are ones with set dates, meaning they are scheduled to take place on a specific day (not month or quarter).
[Best Resource: BioPharmCatalyst.com]
#2: Pair it With a Good Chart
Once a quality catalyst has been found, it’s time to perform some technical and fundamental research on that particular ticker. You can check recent news, view analyst reports, analyze insider activity, etc. If all that checks out, a candlestick chart can be used to evaluate potential entry and exit points. Within this same step, risk vs. reward can be calculated. Using simple support and resistance concepts, you can decide on potential areas to buy and sell. The more criteria that adds up, the better: good catalyst, solid financials, insider buying, bullish chart pattern, etc. It’s at this stage where a detailed trade plan can be created and then put into action.
[Best Resource: Finviz.com]
#3: Don’t Hold Through Events
The catalyst events that Kyle and his members are trading around provide a specific timeframe for which the trade can pan out. But holding through the event itself can be extremely risky. If data is good, stocks can potentially double in value, but on the flip-side if data is bad, stock value can potentially be cut in half. Holding through the catalyst itself isn’t part of Kyle’s strategy. His approach is to take advantage of the speculation leading up to such events, with the idea that a run-up will occur. Holding through events is essentially a 50-50 gamble – not the odds Kyle Dennis and his members are looking for.
Conclusion – Does the Catalyst-Driven Strategy at BioTech Breakouts Work?
Over the course of the past few years, Kyle Dennis has captured over $2,000,000 in profits utilizing the strategy outlined above – clear proof that it works. Of course there’s more concepts that he covers within his newsletter, but this is a broad explanation of how he has made millions in the markets. Overall, it’s not all that difficult to understand, but most individuals aren’t motivated enough to actually learn how to implement this strategy on their own. They’re merely focused on “hot picks” or blindly copying others.
Bottom Line: Kyle Dennis is one of the best teachers on Wall Street. He might even be a better teacher than trader – and that’s saying a lot. His supreme focus is on education and making his members self-sufficient. He openly shares every aspect of his strategy and creates video lessons to share with his members on a consistent basis. It’s no surprise that his educational service has quickly become one of the best available on Wall Street.
Written by Matt Thomas
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