Reviewing a Perfect Penny Stock Breakout
Breakout trades are one of the most popular setups out there.
They're also one of the hardest to master.
Jump in too early, and you risk a fakeout.
Wait for confirmation, and you might miss the move entirely.
Yesterday's blog post offered some tips on breakout trades.
Today, I want to take you inside a trade I posted in the chat room.
All my trades are posted on Profitly for the viewing public.
GlycoMimetics Inc. (NASDAQ: GLYC) has been on my watchlist since it first started its run in early November.
Unlike most penny stocks which fade after the initial run, GLYC held its gains.
I know a lot of breakout traders who bought into the fake break a few weeks ago.
But I wasn't fooled.
There was something specific I wanted to see.
— Tim
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**Timothy Sykes teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our Earning Claims Disclosure
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