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Trading Lessons

What To Do When The Market Is Closed

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 4/17/2025 5 min read
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The market is closed today, April 18, in observance of Good Friday.

Finally, we get a chance to rest after the insane stock spikes from this week.

There are opportunities for traders to profit every day in this market.

You don’t believe me? Let’s go day-by-day …

On Monday, April 14:

  • USA Rare Earth Inc. (NASDAQ: USAR) started its 120%* spike.

On Tuesday, April 15:

  • Ostin Technology Group Co. Ltd. (NASDAQ: OST) spiked 430%*.
  • Salem Media Group Inc. (OTCQX: SALM) spiked 350%*.
  • Mural Oncology plc (NASDAQ: MURA) spiked 210%*.

On Wednesday, April 16:

  • Hertz Global Holdings Inc. (NASDAQ: HTZ) spiked 140%* into after hours.
  • Treasure Global Inc. (NASDAQ: TGL) spiked 110%*.

On Thursday, April 17:

  • Adagio Medical Holdings Inc. (NASDAQ: ADGM) spiked 210%*.
  • Baijiayun Group Ltd. (NASDAQ: RTC) spiked 120%*.
  • Channel Therapeutics Corporation (AMEX: CHRO) spiked 80%.

The hottest stocks in the market can follow obvious patterns.

Look at my post below for more details:

You have a three day weekend, right now, to study last week’s runners and prepare for follow-up spikes next week.

Don’t waste this time!

Monday’s Trade Opportunities

Every day, we focus on the hottest intraday runners.

  • That could mean a follow-up spike from one of last week’s runners.
  • It could also mean a brand-new spike from a runner that started intraday.

Don’t miss an obvious breakout trade from one of last week’s runners: Set up price alerts in StocksToTrade.

That way, you’ll get a notification if the stock starts to move toward the breakout level.

The trade that I made on USAR last week, it was a breakout trade!

Look at the initial breakout that I traded on the USAR chart below. Every candle represents 10-trading minutes:

USAR chart multi-day, 10-trading minutes Source: StocksToTrade

Here’s what happened next. Every candle represents 10-trading minutes:

BAC chart multi-day, 10-minute candles Source: StocksToTrade

The price broke out again on April 16!

These volatile stocks can push higher day-after-day. And StocksToTrade’s price alerts help us stay prepared for these moves.

Take time this weekend to build custom alerts on each runner from last week.

And get ready for Monday morning’s newest runners …

How To Find New Stock Spikes

StocksToTrade is great at this too.

There are two main ways that I find new stock spikes.

  • StocksToTrade Breaking News alerts the hottest stocks right after they announce news. For example, it alerted TGL last week before I traded it. Look at the alert on the chart below, every candle represents one trading minute:
TGL chart intraday, 1-minute candles Source: StocksToTrade
TGL chart intraday, 1-minute candles Source: StocksToTrade

>> Get The Next Breaking News Announcement <<

  • StocksToTrade’s “Top % Gainers” scan can also find the biggest small-cap movers intraday. TGL showed up on this scanner too …

StocksToTrade is the best tool for traders!

Now … Once I find a stock spike, I still have to trade it.

That’s where patience is key.

I wait for the price action to match one of my trade patterns so that I have the best risk/reward ratio.

It’s a simple process. But it can take some getting used to.

Especially once there’s real money involved …

That’s why it’s so important that traders study this weekend.

Watch the video below for a StocksToTrade walkthrough and familiarize yourself before Monday’s runners:

Get ready for the next +100% intraday stock spike.

We’ll likely see one on Monday!

Cheers.

 

*Past performance does not indicate future results

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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”