We saw more insane stock spikes this week.
I’m talking about multiple +100% runners …
These stocks announced news and shot upwards like rockets out of a cannon!
For example, read about any of the names below:
- Mustang Bio Inc. (NASDAQ: MBIO) spiked 480%*.
- ProKidney Corp. (NASDAQ: PROK) spiked 1,000%*.
- BTCS Inc. (NASDAQ: BTCS) spiked 120%*.
- BIT Mining Limited ADS (NYSE: BTCM) spiked 350%*.
There are new spikes like this every day in the market.
But I know a lot of my newest students work day jobs, or have daily responsibilities. They can’t watch the market every day for these spikes.
Don’t worry, there are opportunities to trade that fit your schedule.
In fact, day trading is the perfect side hustle because there’s ALWAYS an angle to play in the market. You just have to know where to look.
For example, today, Friday, July 11, there’s a specific setup that I’m watching in the market.
And this is a perfect strategy for side-hustle traders because the play materializes in the afternoon, right before the market closes.
Get done with your work ASAP today and look for this pattern.
My students and I buy shares on Friday afternoon. Then we sell on Monday after the hype builds over the weekend.
Here’s an example from last weekend:
I sold my position on SONN before the market closed for the weekend because the stock followed my pattern and pushed higher. It’s good to take profits.
But it spiked even higher on Monday!
My entry price on SONN was $3.78 per share. And I sold at $4.30 per share.
The stock spiked to $6 on Monday. Which means I left $6,700 on the table.
I use the same trading pattern every Friday afternoon. And after last weekend’s momentum, I’m looking to do even better this time around.
The #1 Trade To Make This Afternoon
The catalyst behind these weekend trades is very simple …
Lazy traders close their laptops early on Friday.
Then, over the weekend, these lazy traders look for the hottest stocks in the market.
Ultimately, they find Friday’s hottest runners.
After they buy shares, the buy orders fill on Monday morning.
And viola! My students and I have a Monday morning spike to sell into.
This pattern is especially strong during long weekends, when traders are eager to start their long break from work.
For example, last weekend, the market was closed on Friday, July 4, in observance of America’s Independence.
Sure enough, on Thursday afternoon, the volume trickled out of the market as traders left their offices early to get a head start on the long weekend.
But my students and I were still scanning the market …
Last Weekend’s Profitable Price Action
I found Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) trading sideways on Thursday afternoon after Wednesday’s 260%* spike.
The company announced that a private investor purchased $2 million worth of convertible notes and warrants.
The bullish momentum lasted through Thursday, so I built a position into the afternoon.
Ultimately, the stock broke to new highs before the market closed for the weekend, so I sold my shares.
But I underestimated the amount of lazy traders who were ready to push the price higher on Monday.
Look at the SONN chart below. Every candle represents one trading minute:
The trade pattern that I used to trade SONN, it’s the same pattern every Friday afternoon.
But realize, every stock spike is a little unique.
And a quick glance at SONN’s chart from last weekend is NOT enough to comprehensively trade this setup week after week.
It definitely helps, but you need a complete understanding of this pattern to truly capitalize.
Watch my video below for the full weekend-pattern tutorial:
One good trade a week can make all the difference for your account.
And as a side-hustle trader, my weekend pattern is one of the most accessible setups.
Find plays that work for your schedule!
Cheers
*Past performance does not indicate future results
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