Trading Lessons

The Next Weekend Winner:

Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs

Updated 9/17/2024 3 min read

The Next Weekend Winner: Thumbnail

My students and I met on Thursday afternoon, September 12 LIVE to discuss my weekend strategy.

I made sure everyone had all the information they needed to succeed.

You can watch the rerun here.

And sure enough, on Friday afternoon, Azul S.A. (NYSE: AZUL) fit our pattern perfectly!

Take a look at one of my student’s posts on X below:

Source

Source

I pulled a gnarly profit from this run! Here’s my full trade position:

Source: Profit.ly

Every Friday, I look for the same pattern.

The incoming weekend can inspire a specific kind of price action on the market’s hottest stocks.

It’s not a 100% guarantee every weekend … But in this hot 2024 market, we’re seeing A LOT of opportunities.

For example, the weekend before, I used this pattern to profit from Laser Photonics Corporation (NASDAQ: LASE). You can see my full trade here.

Start preparing for this Friday NOW!

The Weekend Pattern

For a new trader, this volatile price action might look random.

But in reality, the most volatile stocks in the market can follow popular patterns. All because people are predictable during times of high stress. Like when they’ve got a few thousand dollars in a volatile stock that’s approaching the weekend …

More Breaking News

Here’s the price action from AZUL, every candle represents one trading minute:

AZUL chart multi-day, 1-minute candles Source: StocksToTrade

Here’s the price action from LASE, just a week before …

LASE chart multi-day, 1-minute candles Source: StocksToTrade

Don’t get discouraged if you don’t immediately recognize the pattern.

It’s about more than price action too. For each weekend surge, there’s got to be a catalyst that’s pushing prices higher …

AZUL rumored debt refinancing.
LASE regained compliance with the NASDAQ’s listing requirements.

For the entire weekend strategy, front to back …

>> Watch the recorded LIVE event from last week <<

I know that we’re still a few days away from the next opportunity. But one good trade a week can make all the difference for your account!

You don’t need to trade all day every day. Instead, just pay attention when it matters most.

Cheers.

*Past performance does not indicate future results

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”