This is my most valuable trading newsletter Kyle Dennis have ever created. It was strategically developed to only deliver high probable trades with the power to make 100%, 200% 300% return on each trade.
Most of the stock picking and alerts services we have reviewed so far are all about day trading. However, the Sniper Report program by Kyle Dennis is different. Instead of providing daily alerts, he provides regular ones designed for long-term trading.
Let’s take a closer look at how it works and whether or not it’s a legit service worth paying up for.
Sniper Report Review: An Overview
The Sniper Report is a stock picking service operated by one Kyle Dennis. Not much is known about him out there. He’s not like Tim Sykes who shares a lot on social media or Jason Bond who is quite prominent on YouTube. So, it’s not unusual to come across some people suggesting that he might be a scam.
In our view, though, Kyle isn’t a scam. It’s just that he seems to be lagging behind the competition as far as PR goes.
All we know is that he’s part of the Raging Bull family where Jeff Bishop and Jason Bond also belong. Also, Kyle claims to have built his success from scratch having successfully turned an initial investment of $15K into $3 Million is less than 3 years.
Also, in a world full of stocks to be traded, this guru seems to focus more on stocks from biotech companies. What he basically does is identify companies with huge growth potential. These are little-known companies but he somehow manages to gather intel about them providing them as trading alerts to his followers.
Most of the stocks he chooses are in the range of $20 to $50. However, it’s not unusual to find him going for ones priced at slightly over 100 bucks. That, indeed, makes him different from other guys out there who mainly focus on penny stocks.
The Sniper Report relies heavily on fundamental analysis. Most of the strategies recommended in it are based on year-over-year growth trends of various companies. Basically, the entire package comprises the following services:
1. Price Alerts
This service alerts before and after entry/exit price points. And as we have already mentioned, the Sniper Report is based on long-term trading so you don’t have to chase the alerts.
When tracking a stock for months, you don’t have to be in a rush to trade as per the alert.
Therefore, this makes the Sniper Report well-suited for the busy folks. If you have a 9 to 5 job and would like to enter trades after work, this is a service you can fully count on.
Unfortunately, though, the alerts are sent via email instead of SMS or any other instant messaging service.
2. Daily Trade Updates
This is an extremely important service especially for anyone who may not have the time to spend out there analyzing stocks and listening to the chatter in chatrooms. Using this service, Kyle will send you daily summaries on each and every stock open in your portfolio.
That way, you can get an overview of the market movements and possibilities even when you’re on the move.
As you know, this kind of information is quite important when implementing a fundamental analysis strategy. The updates include relevant news items, stock market indexes, and so forth.
3. Reason Behind The Trade
When you get an alert, you’re bound to wonder what triggered it. As a trader, you’d definitely want to know what informed the decision and whether the stock is worth holding onto or not.
Fortunately, Kyle always sends a summary with the reason behind the trade details. This summary provides you with the backstory, the research, projections and so forth. Above all, the report notifies you on why the recommended stock provides you with a high probability of delivering real profits.
5. Educational Content
The educational content provided here is in two forms i.e. pre-recorded videos and live videos in Webinars. Fortunately, the video lessons shared here are exactly similar to the ones given to those who subscribe to Kyle’s other more expensive packages. So, this is a really good bargain if you’re a frugal shopper.
The webinars are also free of charge to members of the Sniper Report family. You’ll typically be alerted so you can attend them or you can login later to watch them as recorded videos later.
Unfortunately, we didn’t find a built-in chatroom service in the Sniper Report system. If you’re interested in the services a chatroom community can bring, you’ll need to subscribe to the Biotech Breakouts service at an additional cost. Alternatively, you can opt to join any other chatroom service out there if you find the need to do so.
The issue here is that you have to incur extra expenses to access this crucial service. But given the price Kyle charges for Sniper Reports, it’s understandable that chatroom services aren’t provided.
Why Join Sniper Report
In our view, this is the kind of platform if you’re into long-term trading. If the idea of opening trades and watching them grow over time sounds like a good one to you, this is the service you should sign up for.
However, just because it’s a long-term venture doesn’t mean that it’s completely free from the usual ups and downs of the markets.
If anything, there has been this crazy trend where the price of stocks declines immediately after Kyle sends out an alert to buy it. As such, you’re likely to be in the red for a couple of days and you have to be really patient until the markets tip in your favor.
So, if you’re an impatient person who prefers quick wins, the Sniper Report might seem like a scam to you. But if you’re patient and long-term oriented, you’ll fall in love with this idea especially it frees you up and enables you to focus on your job and other investments.
A yearly subscription to this service typically goes for $199. Yup, you read that right. It’s ridiculously cheap. And as if that’s not enough, you can get it for cheaper during the regular discount seasons extended by Raging Bull.
Considering its price, this is a good stock-picking service. It’s particularly designed for busy people who don’t have to chase after alerts and act fast.
So, if you’ve got a busy schedule and still want to tap into the numerous benefits of stock trading, this is a legit platform worth signing up for.
Blake is a self-made online day trader with a knack for adventure. On his free time, he loves reading and learning new methods in the trading as well as improving his jiu-jitsu skills. He currently resides in New York City.