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Friday’s PERFECT Example of My Weekend Trader Strategy

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Written by Timothy Sykes
Updated 9/21/2021 10 min read

Friday’s PERFECT Example of My Weekend Trader Strategy: Key Takeaways

  • People who laughed at this video a few weeks ago aren’t laughing this morning!
  • Take a look at AXTG…
  • Why this Friday could be an even BIGGER weekend trade opportunity…

They called me crazy a few weeks ago, when I said there was a little-known way to place a simple bet on Fridays…

And cash out on Monday for potentially thousands of dollars.

Yet, here I am again!

My latest weekend play from Friday is awesome. I couldn’t ask for anything better.

It fits my weekend strategy to a T.

And it could turn out to be my best trade in a while.

If you didn’t pull the trigger to join my Weekend Trader and learn this, take today’s issue as a kick-in-the-butt and join! Because I don’t see this trend slowing down.

Take a look at what we played on Friday…

Axis Technologies Group, Inc. (OTCPK: AXTG)

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Axis Technology Group, Inc. is a shell company in the blockchain and decentralized finance (DeFi) space.

So this play was in one of the hottest sectors in the market: fintech. Specifically, NFTs.

NFTs are digital art sold and tracked using blockchain technology. Valuations have been surging. We’ve seen high five-, six-, and even seven-figure NFT sales in the past month.

So AXTG is a penny stock NFT play.

On September 15, the company issued a shareholder letter. And it wasn’t just some hyped-up, sugarcoated shareholder letter. It talked about related companies, the CEO’s background, and a new crypto exchange. It also had the normal forward-looking statements. Read the shareholder letter here.

AXTG started ramping after the shareholder letter. By Friday’s open, it was already up 100% from its September 15 open. And I didn’t buy until Friday around noon when it was up another 37%.

That begs the question…

To Chase, or Not To Chase?

The answer is, know the indicators. Here’s the alert I sent out to my Weekend Trader newsletter subscribers…

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As you can see, the company announced a new NFT. And it’s one that I knew could send the stock even higher.

This AXTG five-day chart shows both news catalysts

AXTG chart: September 13-17, OTC runner with news, Weekend Trader play — courtesy of StocksToTrade.com

What was the announcement all about? The exclusive right to create an NFT using a baseball autographed by Babe Ruth and Roger Maris.

Here’s the headline…

Theoretically, if this does well, they can do more. There are a lot of pro athletes looking to cash in on their fame. And there are endless agents and managers who can help make it happen.

So if you tokenize — make NFTs — of physical assets, there’s huge upside potential. It might not work … it could actually bomb. I’m not a big fan of crypto. But I do recognize AXTG is a low-priced play, with momentum, in one of the hottest sectors going.

Do you see the potential? This play is…

A Perfect Example of My Weekend Trader Strategy

Here’s the AXTG two-day chart from Friday and Monday…

perfect weekend trading example AXTG
AXTG chart: September 17-20, Weekend Trader strategy — courtesy of StocksToTrade.com

The crazy thing is, I took this a little earlier than usual. Normally I trade these plays around 2:00 p.m or 3:00 p.m. Eastern. But I was traveling and wouldn’t be around later in the day.

When I last looked at 2:45 p.m., it was hanging around in the .09s. So it had already hit the lower end of my goals. That was a good sign so I decided to give it some time. Had I been there when it broke out into the .10s, I likely would have sold half and locked in profits.

The fact that it closed in the .11s is a very good sign. Based on experience, it’s likely that it gaps up and/or morning spikes at the open today.

Why AXTG Could Keep Running

Today, September 20, the company announced its CEO will be a key speaker at the World NFT & DEFI Summit. Check it out…

What happened?

AXTG gapped up to the .12s. The news was perfect timing for my Weekend Trader strategy. The stock opened 48% higher than my buy alert on Friday for a $6,825 win.* It doesn’t get much better than that.

The sweet thing is, even if it hadn’t gapped up, it would’ve still been a 30%+ win. Heck, if it gapped down to the $0.10s, it would have been a 20%+ win.

How I Pick the Plays With the Most Upside Potential

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Again, after 20+ years doing this, I know the indicators.

AXTG had SO much going for it. Here’s why I held it over the weekend…

  • It’s a perfect example of informational inefficiency.
  • It was holding its highs in the .09s.
  • There was a fantastic breakout into the .10s. (I wish I would have seen it!)
  • It ramped from the shareholder letter and sped up into the .11s.
  • It’s in a hot sector.

So even though it can be a little choppy, 20 years of experience gives me the confidence to choose top plays. In this case, it was arguably the single best play in the entire market on Friday.

They’re not all this good. So far, I’m two out of three with my Weekend Trader plays. The first was a $6,476 win with Clean Vision Corp (OTCPK: CLNV), which you can read about here.*

The second, Research Frontiers Inc. (NASDAQ: REFR), didn’t work. It was still a $2,355 win.* But I had to trade in a way I don’t recommend for newbies.

I don’t know which of my Weekend Trader picks will be big winners, small winners, or even losers. But I do know the…

Setup, Price Action, and Indicators

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And this is exactly what I teach in my Weekend Trader newsletter.

The beautiful thing is that even now, with the Nasdaq, Dow, and S&P 500 all set to open down 1.5%+, my strategy is working. And it’s awesome.

This is what I do, I’m very proud of it.

What’s the Exit Plan?

That depends on how the market opens today. Three out of four stocks follow the overall market. But the company could issue another press release, too.

Instead of trying to predict, I prefer to react to the news, price action, and overall market. As I write, it looks set to gap up to the $0.12s. I’ll update this post to let you know how it played out.

Five Key Lessons from My AXTG Weekend Trade

the bottom line outstanding shares
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Here are five key lessons from this trade…

  1. Trade like a sniper. Don’t trade just for the sake of trading.
  2. Don’t try to predict, react.
  3. Use the Trader Checklist Indicators.  With AXTG, my personal schedule affected both entry and exit.
  4. Take it one trade at a time.
  5. Stay liquid. In other words, sometimes the best trade is no trade.

Congratulations to my Weekend Trader subscribers. This is a nice setup with all the indicators. Even if you missed it but watched, congrats. Learn from it. Remember it.

And if you’re not a Weekend Trader subscriber, click here now. I’ll show you one more demo of a successful weekend trade. And, I’ll explain how you can get started before this upcoming weekend rolls around! Click here now, because we won’t keep the page open much longer.

What do you think of this perfect example of my Weekend Trader strategy? Comment below, I love to hear from all my readers!

Disclaimer

*Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work.  Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed are exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable. Timothy Sykes has a minority shareholder interest in the platform. 


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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. Read More

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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 (205) 851-0506 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”