The Perfect Trade Pattern For Side Hustlers

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

Updated 8/28/2025 4 min read

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IXHL+10.84%
IXHL - NASDAQIncannex Healthcare Inc.
$0.58+0.06 (+10.84%)
Volume: 77.28M
Float: 24.87M
$0.54Day Low/High$0.63

Happy Friday!

Most people try to clock out early on Fridays.

But for smart traders … This is go time.

See, I’ve traded for 20+ years — And there’s a pattern that shows up nearly every Friday afternoon.

It’s perfect for part-time traders or anyone with a busy schedule. Because it comes around at the same time every week.

Here’s how it works:

Late Friday, while Wall Street heads for the Hamptons…
A low-float stock starts to spike with a strong news catalyst…
Momentum traders miss it until Monday…
And that delayed buying pressure leads to a gap-up open.

Last week, it was Incannex Healthcare Ltd. (NASDAQ: IXHL) — A tiny biotech stock that caught my attention on Friday afternoon, August 22.

The stock spiked that morning after it announced a $20 million share repurchase program. And it started to follow my weekend pattern into the close, so I bought shares …

By Monday morning, it gapped up and gave traders like me a clean shot at a quick win.

And it spiked even higher into Tuesday!

Look at the chart of IXHL below from Friday to Tuesday. Every candle represents one trading minute:

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

This weekend pattern is predictable, repeatable, and built for traders with limited time.

Traders who wish they had more time to trade, this setup is literally tailored for you.

It’s one trade.
At the same time each week.
With tons of upside potential.

Plus, this coming Monday the market is closed for Labor Day …

Long weekends can turn these plays into absolute rockets!

Don’t miss this weekend’s setup.

Watch my video below for all the details:

Last Weekend’s Setup

IXHL started to spike on Friday after announcing the $20 million share buy back.

More Breaking News

And it was already following a number five bounce pattern from my 7-Step Framework, after the initial 620%* spike in July.

Look at the IXHL chart below where every candle represents one trading day:

IXHL chart multi-month, 1-day candles Source: StocksToTrade

Notice, the move doesn’t look like much on the long term chart.

But from my buy level at $0.57 per share, there was a 60% profit opportunity by the time the stock hit highs of $0.92 per share on Tuesday, 8/26.

These stocks can spike incredibly high due to the cheap share prices. All we have to do is take the meat of the move.

I snagged a 9% profit of the potential 60% from last weekend’s play. Look at my notes below:

Source: Profit.ly

This is a low-stress trade that I look for every Friday.

And it comes from the strongest stock spikes in the market.

Every Friday I look for stocks that have:

A low share price.
A low float.
A high trading volume.
Recent news.
And a spike above 20% on the day.

IXHL fit all of my factors on Friday.

And once I found it on the scanner last Friday, I watched as the price action followed my weekend pattern to a T.

There are more stocks setting up for another Monday gap up TODAY.

Catch the next weekend winner!

Cheers

*Past performance does not indicate future results

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Author card Timothy Sykes picture

Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity.

* 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”

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