What is Biotech Breakouts?
BiotechBreakouts.com is a website run by multi-millionaire trader, Kyle Dennis. The platform offers a handful of services (FDA Insider Alerts, Sniper Report, Option Rocket, and The Nucleus) that typically include video lessons, watch lists, chat rooms, and other educational content for members to consume and interact within. Due to Kyle’s own personal trading success, complete transparency in his approach, and supreme ability to teach others, his educational packages are widely regarded as some of the best on Wall Street.
But that stance doesn’t come without criticism. There are a handful of individuals who would characterize Kyle as a “fake guru” that offers the “worst service I ever signed up for” with “horrible customer service” and “no refunds”. Then there are others who describe him as “articulate”, “completely transparent”, and “immensely impressive” with services that offer “excellent resources”, “great teaching material”, and an “amazing experience”. The point here is that everyone has a right to their own opinion and his services aren’t a good fit for everyone. So anyone considering joining one of his programs should fully understand what they’re getting into. I suggest checking out all Biotech Breakout reviews at TrustPilot.com.
What is Kyle Dennis’ Story?
Back in 2012, Kyle started with a relatively modest $15,000 trading account. Like most other traders just starting out, he encountered some early struggles, nearly losing half of his portfolio. But he quickly bounced back from his mistakes, was committed to continuously improving his skills, and before he knew it was making more trading the markets than from his full-time job as a Real Estate Analyst with a salary of roughly $35,000 per year. It was at that point he realized that trading could potentially become a full-time pursuit for him.
In 2015, he joined Jason Bond’s Millionaire Roadmap, which is an expert mentorship service much like the one he runs for his own students today called The Nucleus. These mentorship services are designed for extremely dedicated traders looking to take their abilities and profits to the next level. And Kyle’s choice to join Millionaire Roadmap had an incredible impact on his account. From 2014 to 2015, his annual profits increased nearly 1,700% from about $50,000 to $850,000. It’s no surprise at that point that he decided to quit his job to pursue trading on a full-time basis. In each of the past three years, Kyle has exceeded $1,000,000 in profits. At this moment in time, he’s well on his way to the $5,000,000 profit mark.
Understanding the Various Factors Involved in Trading Success:
Unfortunately, there are tons of traders out there that never find consistent success in the markets, even after seeking out high-quality mentorship services like Millionaire Roadmap or The Nucleus. The reality is that there are numerous factors involved in each individual’s success and they have to take full accountability for it. There are absolutely no guarantees in the markets. None. And on top of that, humans simply aren’t naturally wired to be good traders. That means it takes a lot of hard work to not only learn trading concepts and how to pinpoint opportunities, but to Develop the Proper Mentality required for sustainable success as well.
In other words, simply subscribing to such a service is only a tiny first step toward consistency, self-sufficiency, and overall success. People think they can dish out some money for a subscription and automatically be a consistently profitable trader. But just because you’re part of a trading community and receiving watch lists and alerts, it doesn’t automatically make you a disciplined or consistent trader. It still takes quite a bit of hard work on the subscriber’s end to learn concepts, adapt to real-time market changes, and apply strategies on their own. There’s much more to it than merely chasing alerts. Blindly mirroring, although it sounds like an attractive approach, is not a method that generates sustainable, long-term success.
Side Note – Humans Aren’t Naturally Wired to Be Good Traders
Few people are ever able to achieve consistent profits as traders, even individuals who are highly succesful otherwise (Doctors, Lawyers, Executives, etc.). Most people think it has to do with being a great market analyst or finding some “Holy Grail” system that never loses. But the determining factor is actually your own psychology and mindset. Most people don’t even realize it, but their Emotions Are Signficantly Hindering Their Results.
They’re scared of being wrong, losing money, missing out, and leaving money on the table, which causes them to enter trades too early/late, exit too early/late, and make all kinds of trading errors. The reality is that we are all susceptible to unstructured, random trading because we want to avoid responsibility. But personal accountability is critical because operating effectively in an environement that has qualities and characteristics that we’re not used to requires us to change our behaviors. Sadly, traders typically ignore the fact that they have to adapt and ultimately suffer years of emotional and financial pain before realizing it.
So What Does Kyle Dennis Offer at Biotech Breakouts That Allows Members to Be Successful?
In general, the odds are not in your favor to be a successful trader, especially on your own. But having a mentor like Kyle Dennis and a supportive community of dedicated traders can help you understand exactly what it takes to be profitable on a consistent basis. Immersing yourself within the community and learning from Kyle’s instruction can help re-shape your mindset and turn your approach into a disciplined and ultimately profitable one.
I can’t say enough good things about this service! I think it’s amazing that Kyle dedicates the time and effort to be there consistently and create great educational videos that I can review! I’m learning every day and I’m extremely excited about what my future in trading holds as I develop my own unique strategies based on what I’m learning in the Nucleus. Thanks again Kyle, I really appreciate what you’re doing for me!!!
– Erick W.
Biotech Breakouts is truly an excellent resource for anyone genuinely interested in learning how to be a skilled trader. Kyle, Peter and Justin are knowledgeable, articulate, patient, supportive and straightforward. The educational resources are well organized and very informative. No aspect of trading is overlooked, and subscribers can easily choose their entry point to address their specific questions, interests and areas of need. As a result of the teaching that I received over the course of my first two months, I have gained on two-thirds of my trades with an average return of 10%. More importantly, I gain skill and confidence with each day and look forward to the coming months.
– William H
Very nervous making the investment for this, but after just three weeks of small investments ($2000 or less) I have nearly been paid back. The education is beyond anything I could have imagined. I have already learned how to churn my account for short term profits, find my own stocks and trade them. I have made money following his trades and using his techniques for finding my own. Very good style of teaching. Watching the live trading is educational and enjoyable. Best investment I have made.
– Jeff E.
Instead of being lost and unfocused, Kyle’s services offer structure and specific strategies to help members hone their skills, research methods, and trading principles. He’s made all of the rookie mistakes that are commonplace amongst beginners and he can help you learn from that if you are willing to. He’s grown small accounts into large ones relatively quickly, and can teach you to do the same. But keep in mind, it’s not about blindly mirroring alerts. It’s about mirroring the process and mindset. Overall, you have to put in the work. That’s what results in long-term, consistent trading success.
The Wrap Up – Is Biotech Breakouts Legit or a Scam?
The reality is that Biotech Breakouts simply won’t work for everybody. That’s because merely subscribing is no guarantee of success. Everybody has their own portfolio sizes, risk tolerances, personal schedules, trading preferences, etc. So each trade they choose to enter needs to be executed with these factors in mind. Trying to blindly mirror Kyle’s alerts or follow hot picks won’t get you very far. Maybe some of these “blind trades” might work in the short-term, but over the long-term it’s not a sustainable or safe approach. Those who choose to blindly mirror alerts are often the ones who turn up weeks or months later calling the service a scam. But it doesn’t have to be that way.
What will swing the odds of success much more heavily in your favor is to actually study the video lessons, interact within the community, continuously work on your mindset, and take steps every single day to become a more knowledgable, competent trader. It’s the understanding of the trading principles and your ability to follow/execute those principles that results in success. Not blindly following alerts. Ultimately, you get out of it what you put into it. If you’re willing to work hard to develop your own skills and mindset, then the tools and resources Kyle provides will be there to assist you. But if you’re not interested in learning anything and are expecting alerts to create success for you, then you’ll be in trouble sooner or later.
Written by Matt Thomas (@MattThomasEST)
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