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Trading Tips-Tim Sykes Penny Stock

How To Trade On Fridays

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Written by Timothy Sykes
Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 1/24/2025 4 min read

Every Friday I look for the same pattern in the market!

Last week I used this Friday pattern to profit off of BTC Digital Ltd. (NASDAQ: BTCT). The stock spiked 20% from Friday’s close to Tuesday’s premarket highs.

Look at my trade notes below:

BTCT trade recap
Source: Profit.ly

And this is the first weekend after Trump’s inauguration. The market volatility is off the charts!

After the intense bull rally last week, major indices are still trading near all-time highs. Take a look at the S&P 500 ETF Trust (NYSE: SPY) chart below.

Every candle represents one trading day:

SPY ETF chart
SPY chart multi-month, 1-day candles Source: StocksToTrade

This bullish momentum trickles down to our low-priced trading niche.

For example, on Thursday, January 23, Dogwood Therapeutics Inc. (NASDAQ: DWTX) spiked 900%*.

It started the day below $3 per share. It hit $28 per share before 1 P.M. Eastern.

I’m still watching DWTX today!

But it needs to match my pattern for me to make a trade.

My Friday Strategy

© Millionaire Media, LLC

Every weekend there’s an information inefficiency. It starts on Friday.

Here’s how it works:

Every Friday there’s a group of traders who don’t watch the market. Instead, they browse Friday’s hottest stocks over the weekend.

The market is closed on Saturday and Sunday. Which means, trading orders from the weekend stack up and wait until Monday morning.

Our goal is to buy shares of the hottest stock on Friday, before the market closes. Then we sell shares (ideally into a spike) on Monday morning.

If the price doesn’t spike on Monday, we sell when it crosses our support level from Friday.

More Breaking News

Stocks like to trade between levels of support and resistance. As the price moves up and down, support can become resistance and vice versa.

When the price pushes through these levels, the move can be especially explosive. That’s where traders find the best profit opportunities!

For an example of these levels, take a look at yesterday’s INSANE spike on Dogwood Therapeutics Inc. (NASDAQ: DWTX). The price ran 900%*.

I had to split the price action into two charts because of the height of the spike. 

Every candle represents one trading minute:

DWTX stock chart trade annotations
DWTX chart intraday, 1-minute candles Source: StocksToTrade
DWTX stock chart trade
DWTX chart intraday, 1-minute candles Source: StocksToTrade

Today, Friday, our goal is to buy shares of a hot stock that’s consolidating above a major support level.

Then we sell the shares on Monday morning.

This Is My Full Weekend Pattern!

Take a look at my post on X below from last weekend’s runners:

Keep your eye on today’s biggest stock spikes and look for my weekend pattern.

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”