If you’ve ever wondered how world-class traders continue to learn (and potentially profit) over the weekend when the market is closed … it’s time to listen up!
It’s the weekend and my mentor, Tim Sykes, is on vacation somewhere overseas…
But on Monday, there’s a good chance he opens up his laptop to more profits than most people make in an entire week.
And it’s all thanks to the discovery of one little-known weekend “loophole.”
But if you want access to this loophole … You’ll need to tune in TODAY, Thursday July 13 at 2 p.m. Eastern for Sykes’ special LIVE BROADCAST … Click here to reserve your seat BEFORE it’s too late!
You see, while the weekend may seem like downtime for traders, there are numerous strategies that traders can employ to expand their knowledge, refine their skills, and identify potential opportunities outside of active trading hours.
And the best part? You don’t need to be a seasoned expert to understand and implement these techniques.
Rather, by spending your weekend time wisely, you can take valuable steps toward becoming a stock market mastermind.
Bottom line: Winners do the hard work that losers aren’t willing to do!
Now, you might be asking yourself — how and what should you focus on over the weekend? What are the best ways to prepare away from your battle station, outside of active trading hours?
Keep reading and I’ll show you…
Weekend Tip #1: Research, Analyze and Read…
When the market’s moving and you’re actively trading, it can be difficult to stay up-to-date on all of the headlines occurring throughout the day (or week)…
And for the same reason, it’s hard to find time to drill down on charts or fundamentals.
This is exactly why the weekend is the perfect time to conduct research and do market analysis.
When the market’s closed, you have free time to catch up on financial news articles and market reports to stay informed about current events and trends.
By doing so, you can learn about company updates, economic indicators, and potential market-moving catalysts.
I’m primarily a technical trader, but I still spend time over the weekend looking at fundamentals and reading…
And if you’re looking for some good weekend reading material for traders, I’ve got you covered…
You can start by reading my ebook, The Ultimate Options Trading Blueprint for Small Accounts!
But, here’s the truth…
After that, I was hooked. Not only did I transcribe every webinar Sykes did THREE TIMES, but I also went ahead and read his next book, The Complete Penny Stock Course, which absolutely changed my life!
So, if you’ve got some time over the weekend, crack open these books and you’ll potentially be a better trader for doing so.
Weekend Tip #2: Build Your Watchlist
As many of you know, I send a weekly watchlist out to my students every Monday morning.
While I’m happy to help point Evolvers toward setups that intrigue me, my watchlist can’t replace one that you build on your own.
REMEMBER: I can’t tell you what (or how) to trade. You must trade the setups that work for you.
So, with your two days off, take some time to build a watchlist for next week.
Keep it short and simple — reserve your weekly watchlist for the best setups only.
That way, if one of the stocks you’re watching starts to make a big move on Monday … you won’t have to go searching through a massive list of tickers.
Instead, your five-star setup will be right there — waiting for you to pull the trigger.
Weekend Tip #3: Identify Key Price Levels
If you read my watchlists or watch my webinars, you’ve probably noticed that I always talk about the importance of key price levels.
This is because key price levels have arguably helped me more than any other technical indicator throughout my trading career.
I use these levels as goalposts for my trading as they tend to map out areas of support and resistance.
If a stock regularly bounces at a certain price on the way down — that’s support.
If a stock gets continually rejected at a certain price on the way up — that’s resistance.
After 10+ years of experience in the stock market, I’ve noticed another consistent trend around key price levels … They tend to correspond with big round numbers.
Traders have a psychological sensitivity to round numbers like $10, $50, $100, $500, etc.
Time and time again, you’ll see stocks bounce (or fail) near these critical levels. This isn’t a coincidence — it’s psychological resistance.
Bottom line: If you can get a grasp of how to identify key price levels, you’ll give yourself a superpower in the stock market.
Weekend Tip #4: Plan Your Trades (and Trade Your Plan)
All of the studying in the world will be entirely useless if you don’t form a solid game plan for every possible outcome in your trades.
After all, the stock market is like life — wildly unpredictable.
You could be exactly right on a trade thesis only for some shocking headline to completely shake market sentiment out of nowhere and ruin your entire play.
Bottom line: You MUST take the opportunity you have over the weekend to form a solid trading plan for the coming week.
What will you do if your options contracts open down 50%? Will you cut your losses immediately (I hope so) — or hold a little while longer?
What if they open up over 100%?! Will you sell them all right away — or ‘hold your runners’ for a potential home run?
These are the types of questions I constantly ask myself. And so should you.
Planning my trades carefully has helped me reach the level I’m at today — and allowed me to put over $4 million in the bank.
When the market’s closed over the weekend, it’s the perfect time to read, research … and study, study, STUDY!
Trading isn’t like most 9-to-5 jobs. You can’t just leave the office on Friday, party all weekend, and expect to perform well on Monday morning.
Bottom Line: If you aren’t studying hard over the weekend, there’s another trader out there who is — and that trader’s ready to beat you.