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Trading Lessons

One More Win Before The Weekend

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 6/19/2025 4 min read
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Welcome to another Friday during an incredibly volatile market that shows no signs of slowing down.

There are +100% stock spikes almost every day. And some of these runners offer huge opportunities for gains.

For example, last Friday, in the afternoon, I bought shares of Neonode Inc. (NASDAQ: NEON) as the stock followed my weekend-pattern price action

And when I woke up on Monday morning, I was up 32%!

Usually with these weekend plays I hope for 10 – 20% profits … A 32% gain is awesome! And it shows you the true strength of this market right now.

Look at my trade notes below:

Source: Profitly

I look for this specific trade setup every Friday.

The incoming weekend inspires a unique price action that my millionaire students and I use to profit.

Our next opportunity is this afternoon, Friday, June 20.

My Weekend Pattern

© Millionaire Media, LLC

The incoming weekend is the main cause for this repeating pattern in the market.

Here’s how it works …

Every Friday, there are traders who close their laptops and start the weekend early. Or maybe they’re busy during the work day and never look at the market.

For whatever reason, they miss the biggest runners.

Then, over the weekend, while the market is closed, they find Friday’s runners and they buy shares.

Then brokers fulfill the buy orders on Monday morning and my students and I have a Monday spike to sell into.

The key is to find a strong runner on Friday that announces news. Traders will buy shares over the weekend as the news circulates.

But, our entry matters.

Nothing’s a 100% guarantee in the market.

When this pattern fails, it’s essential that we have a good entry so that we can minimize losses (even squeeze out with a small gain).

Then we move to the next trade.

Study last weekend’s price action for a head start …

Last Weekend’s Price Action

On Friday, June 13, NEON announced that it won a huge lawsuit that involved Samsung and Apple.

The price spiked 80% that day.

I bought shares in the afternoon. Look what happened next …

On the NEON chart below, every candle represents one trading minute:

NEON chart multi-day 1-minute candles Source: StocksToTrade
NEON chart multi-day 1-minute candles Source: StocksToTrade

To reiterate myself, our entry on these stocks does matter.

This chart was a slam dunk!

But to protect our accounts, we have to follow a trade pattern with specific entry and exit points.

Don’t worry, I can show you the process before this afternoon’s entry.

Make the best trade today, and approach it like a professional.

Watch the pattern tutorial below:


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”