It’s Tim Sykes here.
Most of my students are side hustlers.
That means: They work a day job and build their trading accounts on the side.
Stock trading can be a perfect side hustle because it’s customizable to your schedule.
For example, most people work a 9 – 5 and have the weekends off. My weekend-trade strategy is perfect for this kind of trader.
You can wake up and go to work on Friday morning … And look for this price action in the afternoon.
Red Cat Holdings Inc. (NASDAQ: RCAT) followed this pattern perfectly last weekend.
See my student’s posts below:
There are trade opportunities intraweek …
Get my next trade plan delivered right to your phone.
But a lot of traders are too busy during the week with their jobs, kids, school, etc.
The weekend strategy is a perfect setup for busy traders.
Here’s how you can leverage this strategy for your account …
The Beauty Behind My Weekend Pattern
There’s another reason why this weekend strategy is so good for new traders.
Yes, it’s easier on your schedule, but it also keeps you from overtrading!
Some of my new students will find success early with my trade patterns. But then they get too excited and start to trade bad setups because they think that they cracked the code.
In reality, they’re throwing away cash on bad trades because they’re greedy.
But for my weekend pattern, there are only 52-trade opportunities every year. It’s very difficult to over trade using this strategy.
It helps us stay realistic.
And that’s key in this market …
We see stocks spike +100% every week in our niche. That kind of volatility can trigger strong feelings of greed.
The weekend pattern helps us harness our emotions.
My Trade Notes From Last Weekend
RCAT was already a HUGE former runner.
From the first trading day of November to the first trading day of December, the price spiked 310%*.
Always remember that former spikers can spike again …
And sure enough, on Friday, December 13 the price was showing us bullish momentum as we approached the earnings report on Monday afternoon.
I theorized that there were traders who would buy shares of RCAT over the weekend in anticipation of the earnings report. And that would cause a Monday spike higher …
So I bought shares on Friday afternoon and sold them on Monday morning.
Take a look at the chart below. Every candle represents one trading day:
From Friday’s spike to Monday morning’s highs … That’s a 40% trade opportunity.
I snagged a good chunk of the move, an 8% profit. Take a look at my trade notes below:
The intraday price action is where the magic happens.
I found RCAT on Friday, but I needed to wait for a good entry to protect my account.
Traders can lose money on good stocks if they have bad entries.
Take a look at my trade notes below:
Take time this week to memorize this specific price action.
Because on Friday afternoon, there won’t be much time to check your notes.
Watch my video below to learn this price action:
One good trade a week can make all the difference for your account!
Get ready for the next weekend opportunity …
Cheers.
*Past performance does not indicate future results
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