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Trading Lessons

The Recipe for Weekend Trade Success

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Written by Timothy Sykes
Updated 4/27/2026 7 min read

Last Friday, I took a trade going into the close.

It was a simple setup, a dip buy off the highs that I sold after-hours for a nice single.

But the stock also had all the right ingredients for a weekend trade.

So, I actually took two positions.

A few students asked why I took the trade in the first place.

Others wanted to know why I didn’t sell when it dipped after-hours.

So, I want to go over my weekend trade because the setup is one of my favorites.

In fact, my first ever six-figure trade was on a weekend play.

I haven’t traded with that kind of size in years.

These days I trade with a small account because I teach students with small accounts.

And this trade didn’t end up being a huge win.

In the end, even though it gapped up yesterday, it couldn’t hold its gains.

So, I got out for a tiny win (roughly break even).

But the recipe is the same and the ingredients were there.

Check it out…

The Setup

Again, this one had everything going for it, so take notes (and bookmark this).

It is NOT the first time we’ve seen this setup (and it WON’T be the last time).

The Recipe for Weekend Trade Success

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Atomera Incorporated (NASDAQ: ATOM) had a clear multi-day, muti-week breakout on Friday.

Here’s the 3-month chart…

Source StocksToTrade ATOM 3-month, daily candle, multi-week breakout
Source StocksToTrade ATOM 3-month, daily candle, multi-week breakout

The move back in February went from the $2s to the $7s.

That makes ATOM a recent Supernova (always worth watching).

Friday was a first green day. And even though it was choppy, it had key support around $8.40…

Source StocksToTrade ATOM 4/24/26 intraday, 1-min candle, key support level
Source StocksToTrade ATOM 4/24/26 intraday, 1-min candle, key support level

Still, some students asked why I bought it five minutes from the close when it was off its highs.

How To Judge a Weekend Trade Setup

This might seem strange if you’re new, but this trade (and any weekend setup) can’t be judged by how much you won or lost.

Why?

Because sometimes you’re going to lose. That’s trading.

The best way to judge the setup is based on risk to reward.

In other words, did the trade have enough going for it to get in and hold over the weekend?

ATOM had every ingredient…

  • Sector Momentum. Recognize that chip companies are hot. Whether it’s Intel Corporation (NASDAQ: INTC) spiking 25% on Friday, or Advanced Micro Devices, Inc (NASDAQ: AMD)… Or any other chip stock. It’s a very hot sector.
  • A News Catalyst. The company announced an expanded collaboration with Synopsys, Inc (NASDAQ: SNPS) which is a much bigger company in the semiconductor industry.
  • A Breakout. Again, it was a multi-day, multi-week breakout.
  • Holding Gains Going Into the Close. Yes, it was off the high-of-day, but still mostly holding. Especially at that key support level.

I was able to buy just above the key support at $8.40ish.

Even though I didn’t get out right when premarket trading opened (which would have given me a big win) the setup was beautiful.

And because I knew the key levels, because, frankly, my weekend strategy is good…

Because the news was already out…

And because it was a solid risk/reward given the drop off the highs with support just below my entry.

This is a beautiful trade.

Millionaire Moves

In this MUST WATCH interview, Matt Monaco talks about how he went from unprofitable to making over $1M last year.

From Unprofitable Trading to $3M, How Matt Monaco Made Over $1M Last Year

In This Video: 

Why Matt Stopped Trading One Day Per Week

Matt’s data showed him when NOT to trade, now he gets an extra day off every week (and makes MORE money).

Why Athletes Make Great Traders

I’ve been saying this for years. Matt confirmed it (again) with HIS take on how golf set him up to be a millionaire.

Why Matt Started Teaching

Some idiots like to say “those who can’t, teach.” That’s just BS. ONLY a successful trader can truly teach others (and Matt is one of the best).

Plus, a LOT more.

© Millionaire Publishing
© Millionaire Publishing

If you want to know how Matt finds trades and the setups he uses…

This Friday and Saturday, May 1st – 2nd, I’m hosting my Millionaire Formula Conference, LIVE. Over two days I’ll be covering all the concepts Matt first learned as a student starting back in 2017.

One thing to know is that the market shifts over time. Which is EXACTLY why I’m hosting this bootcamp.

On Day 1, we’ll cover the basics of my Millionaire Formula. On Day 2, we’ll go in-depth into how my students and I “supercharge” the formula based on today’s market.

The best part is, it’s FREE. (My team wanted to charge $497 for this… I told them NO).

There’s just one catch… you have to register ahead of time…

 

Yes, Tim I’m Ready

Show Me How Your Millionaire Students Do It

More Breaking News

Catalyst Watch

This is a big week for earnings with 5 of the Mag 7 reporting earnings.

Wednesday’s Mag 7 earnings:

  • Alphabet Inc. (NASDAQ: GOOGL)
  • Microsoft Corporation (NASDAQ: MSFT)
  • Amazon.com, Inc. (NASDAQ: AMZN)
  • Meta Platforms, Inc. (NASDAQ: META)

Thursday Mag 7 earnings:

  • Apple inc. (NASDAQ: AAPL)

Why is this important?

Because roughly 75% of stocks follow the overall market.

The Mag 7 makes up roughly 33% of the S&P500’s total market capitalization.

Let that sink in…

Big tech earnings have a HUGE impact on the rest of the market.

Key Takeaways from ATOM

Several students asked (even after the trade) how I throw out the numbers and analysis on a stock like ATOM.

There are three things to remember:

  1. I look at basic support and resistance. If you’re not sure, watch every video lesson I’ve ever posted on YouTube. There are hundreds of videos that talk about support and resistance.
  2. I’m basically a glorified history teacher. Study past charts. Unless you are brand new, you should know this. And if you ARE brand new… now you know. ATOM is a former supernova several times over. My students and I have been watching and trading this stock since late 2020.
  3. Study HARD! This is not rocket science. You can learn most of what you need to know in a few years. But you MUST study hard. Every. Single. Day

Cheers,

 

– Tim Sykes



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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.
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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”