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How To Find Weekend Winners On Friday

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Written by Timothy Sykes
Updated 6/12/2025 4 min read

Happy Friday.

We made it to the end of the week!

Right about now, you probably hope to finish work A.S.A.P. so that you can start the weekend and relax.

But there’s something very important that you need to do first.

As traders, market masterminds, hustlers … We have to go the extra mile to ensure that we’re ready to profit while everyone else slacks off.

Make no mistake, some traders will pack up early today and go home. And it’s their loss.

That’s what creates these valuable Friday-afternoon setups …

When lazy traders leave the market early, they miss out on the strongest runners of the day as the stocks move into the close.

Then, over the weekend, the traders find these Friday runners. That’s when they enter orders to buy.

But my students and I already bought shares on Friday afternoon!

When the weekend orders are filled on Monday morning, voila! We’ve got a morning spike to sell into.

It’s like clockwork …

Every Friday afternoon I look for the same price action in the market.

The Strongest Stocks Today

Last weekend I used this pattern to profit off of Chegg Inc. (NYSE: CHGG). Look at my trade notes:

Source: Profitly

Notice in my trade notes from June 6 on CHGG

I was interested in the stock because it recently announced bullish earnings.

There were also rumors of a big potential investor and a pivot toward a more AI focused business.

When I buy shares of a stock, there needs to be a reason for the spike. Otherwise I’m gambling that a random stock will spike higher.

I’m not here to gamble.

I’m here to take calculated positions of the hottest stocks with clear trade plans.

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Watch my video to understand the TRUE risks and rewards of trading:

CHGG was also a good play on Friday because …

  • The share price was low.
    • I trade stocks with a share price below $5. The low share price makes it easier to load up on shares and ride the percent gain.
  • The trading volume that day was off the charts.
    • It traded 26 million shares on Friday, June 6. That was the highest volume day in the last 52 weeks.
  • The price spiked more than 20% intraday.
    • Any stock that spikes 20% can spike higher.

These are the factors that make a strong stock spike.

After we find a stock that matches these requirements, we look for my weekend pattern in the price action.

I wrote a blog post earlier this week that shows the CHGG price action from last weekend, Friday to Monday.

Study this price action from last week.

Let this be the only trade that you make today.

There’s no need to complicate things on a Friday.

Get my full weekend-pattern tutorial!

There are 52 weeks in a year. That’s 52 opportunities to make this trade.

One good trade a week can make all the difference for your account.

Cheers

 

*Past performance does not indicate future results

 

 

 



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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”