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Kyle Dennis Review: How I was able to generate more than $1M in trading gains

Kyle Dennis Trading Edge

Many have been wondering how I was able to generate more than $1M in trading gains during the first few months of 2020. So I recently opened up a discussion with my readers in an attempt to help as many traders out as possible. The one question I kept noticing was, “What’s your trading edge?”

For me personally, I believe I have an advantage when it comes to catalyst trading — or event-driven trading.

You see, I’m able to pinpoint where there are events that could potentially send a stock or sector higher.

How?

The Power Of Catalyst Trading

One of the biggest catalysts I see in the market right now is the race for the cure of COVID-19.

With so many biotechs and pharmaceutical companies in the search for treatments and vaccines… there are a lot of potential catalysts in the works.

The trick is to be able to identify these catalysts ahead of time, in my opinion.

You see, when I uncover upcoming catalysts, I like to get in ahead of time to play the catalyst runup — that’s where I believe my edge lies.

My whole theory here is that traders and investors will pile into stocks that have potential data releases and cause them to run higher.

If it all sounds unclear to you, I believe the best way to learn about my trading edge is to show you real-money case studies.

When I come up with my Trade With Kyle watchlist… I have a clear and concise trading plan, which I send out to subscribers.

Trade With Kyle watchlist

For example, one COVID-19 stock on my radar was Inovio.

Catalyst Dates: Covid 19 trial data due out “late June”

Buy Zone: $12.50 to $13.50

Profit Zone: $15.90 or higher

Stop Zone: $12.20 or below

Option: INO June 19 $16 calls

Source: Finviz

Here’s how I traded the stock…

I bought shares to try to take advantage of the catalyst runup…  I even bought more shares when the price was favorable to me…

Now, since I bought shares on Thursday… I didn’t want to necessarily hold shares into the weekend because I didn’t want to take on a whole lot of risk.

So I decided to take my profits off the table since the stock was going through a bit of a swing. For me personally, I don’t like to take on a whole lot of risk… so I believe it was wise to take profits.

Depending on my risk tolerance and how many positions I’m in… I may decide to hold onto these catalyst runup plays for longer.

Of course, when I woke up this morning and saw INO making a move…

I was kicking myself…

Chart Courtesy of StockCharts

The stock was trading above $15 after the opening bell this morning. But I’m not too mad about it because there are plenty of other potential catalyst plays, in my opinion.

Now, the thing is… I don’t just focus on COVID-19 plays, it’s just one of my main focuses currently. However, there are plenty of other catalyst stocks I’m keeping an eye on.

For example, Immutep (IMMP) was another catalyst stock I traded recently… and I was able to lock in $7K in profits this morning in the pre-market.

Now, if you want to see how I use catalyst events to my advantage and my thoughts on the State of the Marketclick here to gain access to my important training workshop.

[Ed.note: Kyle Dennis runs BiotechBreakouts.com. He is an event-based trader, who prefers low-priced and small-cap biotech stocks.

To learn more HUNT DOWN $1 OPTION CONTRACTS POISED FOR HUGE GAINS and download his FREE “DOLLAR OPTION TRADER” Playbook here!

Source: Biotechbreakouts.com | Original Link

Kyle Dennis Dollar Ace: How Do I Trade Volatile markets?

It’s been a wild trading day so far. Sunday night, the Fed announced it would implement various programs to help support the markets, in order to combat the coronavirus crisis… and stocks pointed to a higher open.

However, we’ve seen a lot of back and forth action today…  and this choppy price action has many traders dazed and confused.

I received an overwhelming response from many of you over the weekend… and one commonly asked question was, how do I trade volatile markets?

In this market environment, I’ve found success by remaining nimble and focused on my profit buckets… and I want to show you one of the trading strategies I use to uncover opportunities at these levels.

For me personally, I want to remain patient because you never know when a headline could hit the wires and cause stocks to reverse. That doesn’t mean I’m on the sidelines… in fact, I remain in sniper mode and only look for quick and fast opportunities.

So how exactly do you navigate through this mess of a market?

How I’m Uncovering Opportunities In This Environment

When it comes to trading volatile markets, there’s one thing I learned — not to overstay my welcome. That means whenever I put my money behind one of my profit buckets, I’m not looking to hold onto the trade for too long.

The problem I think many traders have right now is looking for trades. For the most part, I’m following the smart money and using the options market to my advantage.

You see, there are seemingly well-timed trades that I see in the options market… but I’m not naive because a lot of times, it’s AHEAD of a catalyst. That’s a signal that  someone might know something.

Following the options market allows me to spot some fast-paced opportunities in this environment. Not only that, but it allows me to properly risk manage my positions while maximizing my potential profits.

Let me show you how this all works.

The 100% Winner In WORK

Slack Technologies (WORK) is one stock you’ve probably heard about before. With most states quarantined and many people working from home, I figured more business will start using Slack as their messaging platform.

If you think about it… what would that mean for the company?

Its revenues and earnings have a high probability of shooting up!

So I decided to keep an eye on Slack Technologies (WORK).

I looked at the daily chart, and finally saw the stock catching a bounce…

When the market opened last Tuesday, I saw WORK running higher. However, trading the stock outright could leave me in a world of pain.

So what did I decide to do?

I turned to the options market. This would allow me to manage my risk properly and put myself in a position to make fast profits.

Here’s what I sent out to Dollar Ace clients.

Pretty simple, right?

Here’s what happened with WORK shortly after the market opened.

I alerted and bought the calls at 10:00 AM EST, and just 45 minutes later… WORK exploded, and those calls were at-the-money!

Of course, in this market environment, when I see profits… I’m taking them off the table.

Quick, simple, and easy!

Let me show you another trade example…

Did Someone Know About NVTA?

A few weeks ago, I noticed 766 NVTA April 17th $15 Puts swept for $0.45 a piece — that was a $34,470 bet. They were purchased when NVTA was trading above $18 per share!

That meant this put buyer was expecting NVTA to drop below $15 on or before the expiration date. So I decided to place the stock on my watchlist.

In this market environment, I find it’s extremely helpful to have a watchlist of just a handful of setups. That way, when it’s time to pounce, I don’t panic… I just remain calm, cool, and collected.

On March 10 at 10:34 AM, I actually pulled up NVTA, and noticed that the stock was relatively weak against the broader market.

If you look at the chart, NVTA actually started to sell off at one point when the market was actually green. So I figured if NVTA broke the previous day’s low and the market turns, the stock could plummet to $15 quickly.

So I bought 50 NVTA March 20 $15 Puts at an average price of $0.61. That trade cost me about $3,050 to put on.

Well, guess what happened just 2 days after I entered the trade?

The market was set to gap down significantly! This was great because the only thing that I held in my “portfolio” was one put and cash.

Here’s what NVTA looked like that day…

Of course, shortly after the market open, I decided to take my profits off the table, as those NVTA puts were going for $2.00! That $3,050 bet turned into $10,000, or approximately $6,950 in real-money profits!

In just 2 days, I was able to lock down a 233% winner.

In this market environment, I find following the smart money pays off. Not only that, but it helps to remain nimble and trade smaller… that way, it becomes a bit easier to get in and out of trades, as well as risk manage properly.

[Ed.note: Kyle Dennis runs BiotechBreakouts.com. He is an event-based trader, who prefers low-priced and small-cap biotech stocks.

To learn more HUNT DOWN $1 OPTION CONTRACTS POISED FOR HUGE GAINS and download his FREE “DOLLAR OPTION TRADER” Playbook here!

Source: Biotechbreakouts.com | Original Link

Kyle Dennis FAST 5 Trade Alerts | How To Improve Your Success Rate?

It’s hard to trade out there if you’re trying to figure out the overall market direction.

So to help as many people as possible, I looked at questions that many of my readers asked… and one common response was…

How do I improve my success rate?

Let me break it down for you…

Find Your Pain Points

When you first start out trading, it’s easy to fall into traps and hop into every single stock you see moving… without understanding the reason for the massive move. That’s one of the main reasons why the old Wall Street adage goes, “90% of traders fail to make money in the stock market.”

However, that statistic has some bias baked into it… but I can tell you the failure rate is rather high for traders. Heck, I even came close to becoming a statistic…

I tried to be a jack of all trades… as I tested out dozens of strategies out there… until I hit my max pain point — down 50% on my small $15K account in just a few months.

So what did I do?

I reviewed my trades and cut all the losers out. I slowed down and became patient with my plays — until I mastered one single strategy.

When you’re able to focus on just one strategy, you can make adjustments and tweaks until it reaches near perfection.

Here are a few tips you can implement starting today that could improve your chances of success:

  • Write down all your trades and categorize them. When you journal your trades, you’ll start to find a pattern and realize what strategies work for you and which ones cost you money. All you have to do after is cut your losing strategies and focus on the winners.
  • Have a trading plan in place. For my strategies, such as my  Fast 5 Trades, I have a thesis, as well as buy, stop-loss, and target zones. That way, my clients just have to execute and stick to the plan.
  • Remain patient and just place your bets behind your best ideas. It’s easy to fall into the trap and just push buttons all day… but don’t, it’s the quickest way to lose money in the markets. It’s okay to step away from your desk if you don’t see anything that’s moving.

I know what you’re wondering… Kyle, do you practice what you preach? 

Of course, and I want to lead by example every chance I get.

Journal Your Trades

After every trade, whether it’s a winner or loser, I break down the trade and send it off to my clients. For example, even though I achieved a 91% success rate on my Fast 5 Trades… I didn’t just celebrate and forget about my trades…

In fact, I journaled and showed traders how I spot these trades and what they could do the next time they see similar setups…

For example, one Fast 5 Trade winner was in Party City, and I actually broke down the “gap fill” play for them.

Check out that green circle in the chart below. All of that blank space between the close on Nov. 6 and the open on Nov. 7 is the “gap” I’m referring to.

Image

The shares closed at $6.10 on Nov. 6 — but Party City reported a major earnings disappointment ahead of the bell back on Nov. 7, and the stock opened way lower at $3.29. 

That 46% opening deficit created the “gap” in PRTY’s daily chart that you see below… and things didn’t get much better for the stock during that post-earnings session. PRTY hit a post-bear gap high of only $3.31 on the day — just $0.02 above its opening price — before settling at $2.00 per share.

During the final week of 2019, though, PRTY finally broke out above this price point and started to gather real bullish momentum.

Last week’s trading was particularly compelling, in terms of setting up a bullish play for PRTY. The shares didn’t go too wild, mostly just consolidating atop newly established support at $2.50 — a sideways price trend that might not seem terribly exciting on its face.

Plan The Trade, And Trade The Plan

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Trading gets a heck of a lot easier when you have a plan to follow. When I send out my highest conviction trade idea to my Fast 5 Trades clients, they know exactly the reasoning behind the trade, as well as where to get in, take profits, and stop-out.

Since everyone loves to call me The People’s Trader, I developed Fast 5 Trades… it’s my highest conviction trade idea delivered to clients via email, once per week.

Instead of overwhelming you with the minutiae about my trading style, I thought it would be easier if I just give traders my best idea  — that way, you can still earn while you learn.

Since the launch of Fast 5, I’ve only had one losing trade out of 11.

That’s a 91% win rate, virtually unheard of in the markets… while I can’t guarantee you’ll be able to achieve a success rate as I have… I can tell you I’ve got a heck of a lot more trade alerts lined up.

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Once you figure out the process and stick to it, you could lock in winners, just as many of my Fast 5 clients have been doing.

Kyle Dennis FAST 5 Trade Alerts | 11 Weeks Trading Results

At some point, you gotta just laugh.

Because actually, the success of this service is unreal.

Fast5 has been live for 11 weeks, and 10 – TEN, PEOPLE! – of these alerts have been stone cold winning trades in 5 days or less.

Today’s was no exception.

The one loser? A measly 7% where we tactfully stopped out and preserved the maximum amount of capital.

FAST5 Trade Alerts – Here’s the full week-by-week breakdown.

Week One: +11% in I

Week Two: +25% in SRRA

Week Three: +28% in VSTM

Week Four: +38% in DMPI

Week Five: +14% in XXII

Week Six: +23% in LJPC

Week Seven: +7% in NOK

Week Eight: +50% in BB 

Week Nine: +15% in PRTY

Week Ten: -7% in PLUG

Week Eleven: DETAILS BELOW  — +33% in AEMD

Let’s dive into today’s trade in AEMD.

Here’s the exact email that went out to my Fast5 members this morning:

I send you this to show you exactly how easy this is to execute.

I not only give you a “BUY price,” but a BUY ZONE.

This way, you know exactly what range I’m comfortable owning the stock in.

Same for my Profit Zone and Stop Zone.

I make it a habit to go the extra mile for my members!

Between the time I sent out this paid alert this morning on AEMD and now (frankly, a matter of hours…), the stock price spiked up 33%.

I’ve spent years honing my stock selection skills, and I’ve developed a system that helps me spot weekly winners just like AEMD.

But here’s what you have to understand.

Stock selection is barely ⅓ of the battle.

Sure you need it to get your feet off the ground, but then I help you walk all the way to the bank…

Buy Zone – Stop Zone – Profit Zone – Trade Plan

I do all the heavy lifting, and all you have to do is plug and play…

Be Advised!

Fast 5 Trading Alerts Week 13 Results coming soon….

Next week I will alert Week 13’s Fast 5 trade.

You saw my *nearly – damn you, PLUG!* spotless track record, and I know you can put 2 and 2 together… it’s 4. And next week’s trade has these odds in its favor.

You do the math.

Fast 5 is your answer.

[Ed.note: Kyle Dennis runs BiotechBreakouts.com. He is an event-based trader, who prefers low-priced and small-cap biotech stocks.

To learn more JOIN THIS SPECIAL ONLINE EVENT: 3-Step Plan Kyle Used to Turn $15,253 into $2,855,475 and download his FREE “The $2.9 Million Biotech Trader Playbook here!]