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How to Turn Weekends into Trading Goldmines

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Written by Timothy Sykes
Updated 11/14/2023 6 min read

I didn’t become a millionaire trader by spending all my time in front of the computer screens.

It’s about identifying profitable patterns.

Fresh off his trip to Japan, Inner Circle member Cameron crushed the Weekend Play in Direct Digital Holdings Inc. (NASDAQ: DRCT)

…in between surgeries!

Trading doesn’t mean you have to sacrifice what you love.

With the right patterns, you can integrate profitable trading into your everyday life

My Weekend Trades, like the one Cameron took, are the perfect setups for maximum return on minimal effort.

Here’s how they work…

What’s the Reason

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Fear of missing out (AKA FOMO) is one of the most powerful tools in trading.

We feel it when we watch a stock take off without us, no matter the reason.

It also happens when you hear everyone talking about a ticker that you’re not involved with.

That’s the premise behind my Weekend Trades.

I look for stocks that will make someone mad they didn’t own it, even if it’s just for a trade.

To create that FOMO, a stock needs a story. The most common ones I look for are:

  • Earnings winners (like DRCT)
  • Pharma or biotech trial results
  • Winning big contracts
  • Investors taking a huge position

These themes ebb and flow. Sometimes biotech companies are the best, while others might be AI.

I use Breaking News Chat to keep me posted on the news catalysts moving these stocks.

In the last few weeks, stocks like Palantir Technologies (NYSE: PLTR), NerdWallet Inc. (NASDAQ: NRDS), and several other higher-priced earnings winners pushed higher and held their gains.

So, when I saw DRCT up 40% in the premarket on Friday, it immediately went onto my Weekend Trades list.

Watching Afternoon Price Action

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I enter most of my Weekend Trades midday on Friday or later.

I want to see them hold the gains for the day, keeping close to VWAP or pushing higher.

The longer a stock with good news can hold its gains, the more likely it is to squeeze up into the close.

Traders who shorted the stock, expecting it to fall, don’t want to hold through the weekend for the same reason I WANT to hold – anything could happen.

Plus, they often have to pay extra when the stock is hard-to-borrow.

I also want to see signs of a ramp into the close on volume and break a key level.

This is the lynchpin for many of these trades.

As you’ll see in the chart below, DRCT didn’t get moving until almost a half-hour before the closing bell.

Once the stock broke the high of the day, it pulled back, which is where I entered.

Ideally, I want these stocks to be well past the high of the day, but I shared many reasons with members as to why I was a bit more bullish on this one.

I managed to snap up 4,000 shares at $3.79, taking 2,500 off at $4.19 just 15 minutes later, and the rest Monday morning at $4.26.

Not as impressive as Cameron who sold half at $4.47, but I can’t complain.

The trade was as straightforward and simple as they come – perfect for me since I was traveling through Japan.

Ready to Transform Your Weekends into Profitable Trading Opportunities? 🚀

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Even seasoned traders often overlook the goldmine that weekends can offer.

Consider the story of Cameron from our Inner Circle, who capitalized on the weekend play in Direct Digital Holdings Inc. (NASDAQ: DRCT) – achieving success even amidst a busy schedule.

The key?

Recognizing patterns that spell opportunity. 🌟

🌟 Trading doesn’t have to be a full-time job. With the right insights, you can weave profitable trades into your everyday life.

🌟 Fear of missing out? Turn it into your trading ally. Learn to spot stocks that others will regret not owning, even if just for a short trade.

🚀 Join our live training session this week.

🚀 Uncover the secrets behind selecting Weekend Trades that promise maximum returns for minimal effort.

🚀 Experience real-time strategy development, focusing on identifying and leveraging FOMO-inducing stocks.

🚀 Don’t just play the market – master it. Learn how to integrate trading seamlessly into your lifestyle.

Are you ready to uncover the untapped potential of weekend trades?

Prepared to harness the power of FOMO for your financial advantage?

Your pathway to successful trading starts here.


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Author card Timothy Sykes picture

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”