Starting Portfolio of $25,000 Already Up Over $75,000 in Under 2 Months:
The same trader who parlayed a modest $15K Portfolio Into Over $3M in just a few years is at it again. Kyle Dennis typically trades with a $200K portfolio, withdrawing his profits as they pile up. But in order to show his students at Biotech Breakouts yet again that it’s possible to turn a small account into a much larger one in a relatively short period of time, he dropped it back down to $25K. For those interested in the journey (or making a lot of money), he’ll be frequently journaling his progress for anyone to follow.
Link to: November 21 Million Dollar Mission Day 37 by Kyle Dennis
The ultimate goal is $1,000,000+ in profits, live streaming every move he makes in his portfolio for his students along the way. It’s the ultimate in education and transparency. He hasn’t set an exact timeline on how long he thinks it will take him to cross the $1M mark again, but he’s confident that it will be quicker and easier than the first time he did it.
Kyle’s New Students Are All-In on the Mission of $1,000,000 in Profits:
Hundreds of hard-working and determined new students have jumped onboard for the ride. Kyle’s mentor service, Biotech Nucleus, is by far one of the best on Wall Street, bringing education and transparency to a whole new level unmatched by any trading/investing newsletter out there (except for Millionaire Roadmap). These two services are in a league of their own at the top of the stock trading education industry. Overall, these services are well worth the cost of admission on the front end since they can return thousands and sometimes even millions on the back end. There’s no better proof of that fact than Kyle Dennis Himself.
Check Out More BiotechBreakouts.com Testimonials at TrustPilot.com
Written by Matt Thomas
Related Pages:
- Swing Trading Success Stories – Jason Bond & Kyle Dennis
- What is Biotech Breakouts? Capture Explosive Gains in Biotech Stocks
- An Inside Look at How Kyle Dennis Turned $15K Into Nearly $2M
- 3 Ways to Follow and Learn From Kyle Dennis (Millionaire Trader) For Free
- BiotechBreakouts.com Review – Kyle Dennis Exceeds $3M in Trading Profits
Hi Matt thank you for the information. I recently just started to get into the stock market and I want to know how I could get started with $100. I would love to invest more but with a family and kids… well the money goes to where it needs to go. I would love to be a full-time trader. What would you recommend if I were to start with $100 (as an example)
I would recommend trying to save up to at least the $2,000-3,000 level first, or better yet, $5,000-10,000. I know that may sound like a lot, but the absolute hardest thing to do in trading is to turn an extremely small account into a much larger one. Kyle Dennis is an outstanding trader, probably one of the best on Wall Street, and he admits that it’s difficult to build up even a starting portfolio in the $15,000-25,000 range. He’s done it once, turning $15K into over $3M, and now he’s at it again with his Million Dollar Mission, in which he dropped his portfolio down to $25K with the goal of turning it into millions again. Just over 2 months in, the account is already up over $100K. Starting January 2, 2018, he’s launching the $5K Challenge, in which he will open an account with $5K with the goal of turning it into $25K within just a few months. All of the education and mentorship he provides should help numerous traders “close the gap” on how to turn a small account into a six or seven figure one.
But as previously stated, a starting portfolio of just $100 will be mighty difficult to parlay into millions. Just to put things into perspective, a 100-200% return in one year is phenomenal. So let’s say you achieved that with a $100 account. That would mean you’d make a profit of $100-200 on the year. In the grand scheme of things, that’s not much money at all, and your starting portfolio the next year will only be in the $200-300 range. You’d have to achieve a similar result MANY times before having a solid portfolio value to work with and really start scaling up. It’s a lot of time and effort for a minimal dollar return. Your percentage returns can be amazing, but the dollar returns probably won’t be worth it. You also have to take into account commission fees from brokers. The standard fee per trade is at least $5 on both the buy and sell, so if you put $100 into a trade that means you need the stock to increase at least 10% just to break even. That’s a tough mountain for any trader to climb, beginner or expert. It also means there’s little to no room for diversification, so you have to be both aggressive and selective. Overall, it’s much easier and there are more opportunities available to profit with a larger account. I hope that explanation helps – Take care!
I wish I understood the stock market better but, that has never been my forte’ I have always relied on someone else to tell me what to do and it has always been tied up in a fund.
Hi Kimberly. There’s nothing necessarily wrong with fund managers making decisions for you or choosing an index fund to steadily grow your account over a number of years if the results are acceptable to you. Lots of people do this with their retirement accounts, for example, but there’s potential for much higher returns in the stock market when you know how to properly execute a more active strategy for yourself. As a benchmark, the market returns roughly 5-10% per year on average. Kyle Dennis and his followers, however, blow that percentage out of the water. In under 2 months, his Million Dollar Mission account is up over 200%. In fact, as I’m currently writing this response, it’s now up over 300%. It’s incredible what’s possible with the proper guidance, education, risk management, and discipline.