Hey traders, it’s Bryce here.
Make sure that you’re using the side-hustle trading strategy!
A lot of traders get into the market and they try to trade with full-time patterns. But they quickly learn that they don’t have time to trade 24/7 while working a day job.
Don’t quit your job for trading … Not until you can pull consistent profits from the market.
Traders who go all-in too early usually get confused and frustrated. It’s because they’re putting too much pressure on their profits.
Instead, use a trading strategy that allows you to gain experience while working your normal job.
For example, last weekend, my mentor Tim Sykes used this exact strategy to pull a 17% profit from the market.
His trade notes are below:
Source: Profit.ly
The long-term chart shows that Sonder Holdings Inc. (NASDAQ: SOND) is a former supernova, as Sykes mentioned.
And during premarket on November 8, the company announced it had regained full Nasdaq compliance. That was the reason for the 80% spike on Friday.
 Sykes bought shares on Friday afternoon and held the position until Monday morning for a nice weekend profit.
You can replicate this strategy for your own account!
In today’s blog, I’ll show you the exact position that Sykes held on SOND.
Study this price action! Your next trade opportunity is this coming Friday afternoon:
Side-Hustle Strategy
The incoming weekend invites a specific strategy that we can use on Friday afternoons.
Here’s how it works …Â
A stock with a recent news catalyst starts to push upward on Friday.
When the market is closed on Saturday and Sunday, more people hear about the news and have the potential to buy shares.
Those weekend-trade orders aren’t executed until Monday, which can result in a Monday-morning spike.
Our goal is to buy shares on Friday afternoon and sell into the morning spike on Monday.
Here’s what it looked like on SOND last weekend:
SOND chart multi-day, 1-minute candles Source: StocksToTrade
A lot of new traders aren’t willing to use this strategy …Â
Because it’s not as exciting as they hoped it would be, lol.
New traders are obsessed with trading as much as possible and trying to profit as much as possible. But one good trade a week can make all the difference for your account!
You need to approach trading as if it was your side hustle.
Think about it like this: There are 52 weeks in a year. Using the weekend trade strategy, there are only 52 trades to make. Even less because we don’t see a trade opportunity every weekend.
Take it one weekend at a time …Â
This coming Friday, watch for this price action in the market:
It’s Tuesday today, which means that you’ve got the better part of a week to prepare.
There are only 7 weekends left in 2024 … Make them count!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results