I didn’t change into a millionaire dealer by spending all my time in entrance of the pc screens.
It’s about figuring out worthwhile patterns.
Numbers don’t lie…
After I inform individuals my weekend commerce is among the many most worthwhile methods I’ve ever traded…
I’ve the numbers to again it up…
Prior to now three years alone, I’ve made 205 of those trades, and 142 of them have been winners. Which means I’ve had a 70% win price, or about seven worthwhile weekends out of each ten.
Better of all, I consider this is likely one of the less complicated methods to study.
At present, I’m going to stroll you thru certainly one of my weekend trades and the six the reason why it was a strong setup.
My Weekend Commerce in ATRA
Whereas most of Wall Road is packing it in on Friday … gearing up for the weekend … I’m scouring searching for one ultimate commerce.
One Friday, it was within the ticker image ATRA.
Listed here are the six the reason why I assumed it was such a fantastic setup. And whereas this particular commerce alternative is gone … the logic behind it’s nonetheless related.
And one I might be utilizing once more this upcoming Friday.
#1: Upcoming Catalyst
The corporate introduced it could be presenting at a convention on the next Tuesday.
My pondering is that merchants would bid up the inventory main as much as the occasion.
And since I used to be getting in late on Friday, there could be an opportunity we might get some hype round it on the weekend, and presumably see the inventory spike early on Monday.
#2: Current Funding Information
In accordance with an SEC submitting … the corporate had not too long ago secured a brand new investor. Does this good cash investor know one thing we don’t?
Whereas I don’t know for certain … expertise tells me that merchants are likely to suppose information like that’s bullish … and so they’re prone to bid the refill.
#3: Sturdy Chart Sample
One other factor that basically appealed to me about ATRA was that the inventory was breaking out of a multi-day vary…
Not solely was this bullish … nevertheless it was seemingly going to draw momentum merchants.
Supply: StocksToTrade
#4: Good Entry Stage
The highs had been round $0.71. My aim was to get in under that degree.
If I might get an entry within the low $0.60s, I felt it had likelihood to no less than get again to the highs and even blast via it.
Supply: StocksToTrade
#5: Threat Administration Technique Established
My aim was to get within the low $0.60s and get out within the $0.70s. And if it didn’t occur, I might minimize losses rapidly.
I at all times have a plan.
More often than not, the commerce doesn’t work out completely, however the truth that I’m ready to chop losses rapidly allows me to execute with out getting emotional.
#6: Timing of the Commerce
Look, nobody is aware of for sure whether or not a inventory will go up or down.
However for those who can stack the reason why and have a danger administration plan, then it is sensible to provide it a shot.
I noticed all these the reason why I assumed ATRA had a shot at going greater.
And since it was so late on a Friday, my pondering is that extra merchants would decide up on this over the weekend and on Monday morning.
That’s how the weekend commerce works!
As I at all times say, previous efficiency doesn’t point out future outcomes. However I’ve seen this sample repeat over and again and again.
The week earlier than ATRA, I had an important weekend commerce in SHOT — it spiked 300%!
Then there was AXTI. I spent the weekend mountaineering the Dolomites in Italy and on Monday morning, I cashed out $6,825…
I’m not telling you this to brag. I’m attempting to point out you that is potential.
I’ll inform you precisely how one can spot these sorts of weekend trades — unstable, news-driven alternatives earlier than the group.
These weekend setups can transfer quick — and timing is all the things. So don’t wait any longer. It’s Friday. Which means the following weekend commerce is organising now.
Verify this out now and get began earlier than the chance passes you by.
Cheers,
Tim Sykes
Editor, Tim Sykes Day by day
