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Trading Recap

The Key to Unlock a Great Weekend Trade 🔑

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Written by Timothy Sykes
Updated 10/23/2023 6 min read

LumiraDx Ltd. (NASDAQ: LMDX) was one of the largest movers on heavy volume on Monday…gaining as much as 250%.

While most people were trying to figure out why…savvy traders familiar with my Weekend Strategy…were in on Friday

It’s one of my absolute favorites because it’s easy to spot, execute, and doesn’t require much effort.

And although I missed this one, it’s a great setup to illustrate the key to unlocking a great weekend trade.

Here’s how it all breaks down.

News That Moves

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Most stock-moving news hits my feed around 8:30 a.m. EST.

Afternoon press releases are rare.

However, there is a tendency for them to hit on occasion Friday afternoons.

Typically, I look for them between 1:00 p.m. – 4:00 p.m. EST, although they can come as early as 11:00 a.m.

LMDX was one of the latest I’ve seen, with news hitting at 6:34 p.m.

I turned off my laptop around 5:00 p.m.

That’s why I missed it.

Nonetheless, the headline was important:

“LumiraDx Partners with AstraZeneca & Everton in the Community to Set Up England’s First Heart & Lung Screening Hub.”

Being so late in the day, it took a little bit for traders to really catch on. But once they did, the stock popped from $0.0875 to $0.159, almost double.

News events that traders can sit and stew on over the weekend are great for building interest. Plus, it gives people more time to hear about the news.

Come Monday, everyone gets excited and starts scooping up shares.

This is the most important component of the Weekend Trade Setup.

Can I use a news headline that’s a day or two old?

Yes. But the fresher the better.

The entire trade rests upon excitement building over the weekend.

So, how do I identify the headlines moving stocks?

I can manually search for stocks rising or up on the day and then Google the news surrounding them.

This isn’t ideal and can leave me behind the eight-ball.

I much prefer letting our Breaking News Chat Team on the StocksToTrade Platform bring the news to me.

No, they didn’t catch LMDX when it hit late Friday.

But if it happens during market hours, which is 90% of them, you can bet your bottom dollar they’ll be on top of it.

Ideal Price Action

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If you want to get buyers to notice a stock, then closing at or near the highs of the week will do that.

A few weeks ago, I took a trade in T2 Biosystems (NASDAQ: TTOO), a multi-day runner in the hot penny stock biotech sector.

Check out all my trades on Profitly

This one didn’t have news that Friday, but it had been trading nicely for several weeks.

I want to show you the price action for that stock leading into the close and after hours.

Notice how the stock moves higher all day on heavy volume.

Along the way, some dips offer potential entry points.

This is an ideal look for a Weekend Setup.

I want the stock to push up into the close and finish the day and the week near the highs.

That way, I can take profits in the afterhours or hold until Monday.

Unlock the Secrets of the Ultimate Weekend Trade 📈

© Millionaire Media, LLC

Ever wonder how some traders make astounding gains when the market reopens on Monday? Take LMDX, which soared as much as 250% after some late-breaking news. If you’re tired of missing out on moves like these, then I’ve got just the solution for you.

I couldn’t catch the LMDX action myself, but that doesn’t mean you have to miss the next big opportunity. Why? Because the Weekend Trade Setup strategy is your gateway to catching these trends before the crowd does.

🔑 Understand why news timing, especially late on Fridays, can create explosive gains.

🔑 Learn how to identify stocks with ideal price action that sets the stage for a big move.

🔑 Experience real-time guidance from our Breaking News Chat Team on the StocksToTrade Platform.

Why let others enjoy the weekend profits while you’re left wondering what happened? This is your chance to stay ahead.

🚀 Dive into our live training session this week and master the Weekend Trade Setup.

🚀 Receive hands-on instruction with real-world examples.

🚀 Gain exclusive access to our Breaking News Chat Team who are on top of the latest market movers.

Don’t be the trader who misses out because they turned off their laptop too early. Learn to harness the power of the Weekend Trade Setup and make your weekends work for you.



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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 (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”