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Patterns To Watch

What Is the Tim Sykes Weekend Pattern?

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Written by Timothy Sykes
Updated 2/10/2022 8 min read

Wanna know how I make money while I sleep?

I just shared my strategy … Did you miss the webinar?

If so, watch the replay here now — before you do anything else!

The next opportunity to trade this setup could be as soon as tomorrow … Will you be prepared?

There’s still time to learn … Keep reading to get started.

It’s Not Just a Dream…

jack kellogg and sykes in italy
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Imagine this scenario…

You place a trade before the market close on a Friday. Then you walk away from your monitor. You live your life.

When you log back into your account Monday morning you see your position jumped 10%. That’s on the low end…

The whole time you were sleeping in, having brunch, hanging out with friends, you were working toward making money. You made a profit while you weren’t even looking.

It might sound like a dream, but it’s not. This is how my Weekend Trader pattern works. But it doesn’t work with just any stock. It only works with plays that meet VERY strict criteria.

You Can’t Do This With Every Stock…

A lot of traders are lazy and just want shortcuts and hot stock picks.

My Weekend Trader pattern can be an effective strategy, but only if you understand the rules.

You’ve gotta look for the right patterns and criteria.

As a day trader, I look for specific patterns in every potential trade.

I also use indicators to help strengthen my conviction. I have 7 indicators I use for every trade.

Wanna know the real reason why patterns work?

Trading is emotional. 

When people get emotional they become predictable. Traders are the same. It’s all about being able to think how your opponent thinks.

When specific things happen in my niche, there are predictable outcomes. But only if you can recognize the pattern. Does that make sense?

The real reason most traders lose is that they’re not prepared.

They haven’t studied enough to recognize the patterns. Then they get emotional. I teach my students to patiently wait until it’s the perfect time to strike.

When it is, trade like a sniper.

How My Weekend Pattern Works

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This is one of my most PROFITABLE strategies in this current market.

It keeps happening … I keep making profits.

One of my best trades from last month was on Solar Integrated Roofing Corp. (OTCPK: SIRC). This one happened over a holiday weekend.

After solid earnings news, I bought this former supernova on a Friday to hold over the long weekend. Not much was happening yet…

SIRC chart
SIRC chart: January 14, 2022. Weekend Trader strategy (Source: StocksToTrade.com)

But the hype built over the weekend, and the stock spiked on Tuesday when the market reopened.

SIRC stock chart
SIRC chart: January 18, 2022. Weekend Trader strategy (Source: StocksToTrade.com)

On Tuesday, I sold for a $1,150 profit

Then there was my most recent win on Sphere 3D Corp. (NASDAQ: ANY).

I bought this crypto play after a Breaking News Chat alert on a Friday.

They announced that they were expanding their bitcoin (BTC) mining operation…

Over the weekend, the hype kept building.

I exited the trade on Monday … Even though it didn’t spike as much as I thought it would, I still made a $1,950 profit.

You can read more about the trade in this post.

But as you can see from the chart, the stock pick wasn’t random — and my entries and exits were meticulously planned…

ANY stock trade
ANY chart: Feb. 3–7, 2022, key resistance, entries, and exits. Weekend Trader strategy (Source: StocksToTrade.com)

That’s why I want to teach you this pattern. I want traders to understand how it works and how to make use of it.

That’s why you NEED to see the webinar replay here

Breaking It Down

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I scan for stocks that are up on news every Friday. Here’s why.

Over the weekend, the market’s closed. In the case of OTC stocks, there’s no premarket or after-hours trading.

That allows time for the hype to build. People get excited about the stock. The orders get piled up and execute at the market open at 9:30 a.m. ET.

By entering early, I get to take advantage of the hype and informational inefficiencies that can create massive moves.

But I don’t just trade any stock that’s up on news…

The news and the chart pattern MUST match my specific criteria. 

If so, I’ll buy the stock before the market closes.

Then, all I have to do is sell at the open into all the buying pressure. That’s called selling into strength.

How to Stay Safe With My Weekend Pattern

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Remember … no pattern works 100% of the time.

Trading isn’t an exact science. That’s why I have two main strategies for staying safe

Cut Losses Quickly

This is my #1 rule. If my strategy doesn’t work, I get out.

I will NEVER hold and hope.

I’d rather be out early with small losses than have to sit through hours of bag holding. That’s excruciating for me. Also, every minute I waste in a bad position means I’m missing potential spikers.

Buy on Support

This is my second rule. You’ve gotta know when to buy these stocks. If you buy at the wrong time you could take an unnecessary loss.

Not sure what ‘buy on support’ means? I’m talking about support and resistance lines. Learn more about support and resistance here.

Here’s a video if you’re more of a visual learner.

Keep Learning…

Now that you know about my weekend pattern, go look for more examples in the market. That’s how you can best use the information I’ve given you.

And you can read these past posts to gain a better understanding …

Knowledge is power in trading.

If you think you’re ready to take the next step in your trading career, apply for my Trading Challenge. Heads up: I don’t accept everybody…

Our private chat is full of dedicated students ready to learn. I can’t risk clogging up our chat channels with newbies who won’t put in the work.

Keep studying every day if you want to attain your goals. It’s true that anyone can become a day trader. But you’ve gotta be able to put in the grit.

What do you think of my weekend pattern? Leave a comment below — I love to hear from you. Don’t forget to catch the webinar replay here!

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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

* 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”