I’ve shared a lot recently about how important tracking your trades and journaling is…
It can help you determine what’s working for you, where you need to make adjustments, and what you need to cut out entirely.
But one thing trades don’t think about when it comes to tracking is paying attention to other trades’ trades…
What’s working for them? Can you incorporate it into your strategy?
Is there something they see in the market that you missed?
You’re just one set of eyes, you can’t see it all…
That’s why I think communities like my Pre-Market Prep and SteadyTrade Team are such game changers. You can learn a lot from other traders…
You get more eyes on the market, scoping out the best plays and opportunities.
And you can learn a lot from their trades and plans.
That’s why today I’m sharing a winning trade from a multi-millionaire trader … See what you can learn from his plan, execution, and strategy…
Check Out This Winning Trade
AST SpaceMobile, Inc. (NASDAQ: ASTS) was on my radar in the SteadyTrade Team morning webinar yesterday. But the better trade opportunity was on Friday…
During midday trading, the Breaking News Chat team alerted that ASTS would have a potential catalyst on Monday.
The company was scheduling a call with shareholders to discuss its satellite news. And the stock spiked 20% from the time of the alert…
The company did drop a Money Monday press release in premarket yesterday … But the stock tanked at the open.
So how could you have traded this?
I’m sharing one trade example from multi-millionaire trader, Tim Sykes…
Because he absolutely nailed his trade.
How Tim Sykes Made $2,047 Over The Weekend
Tim used a pattern he’s used over his 20+ year trading career.
With his Weekend Trader pattern, Tim essentially makes money while the market’s closed.
Tim uses StocksToTrade’s Breaking News Chat to find stocks with news on a Friday. Then he takes a position, speculating that the news will spread over the weekend…
Then he goes about his life on the weekends doing his charity work and eating at world-class restaurants…
And as news spreads, demand for the stock increases — that drives up the price. Then Tim comes back to the market on Monday morning to sell his position into a gap up.
You can see how ASTS fits his strategy to a T.
The company hinted that a call was coming up … it’s a cool tech and a space stock that gets people excited…
Then the company dropped a press release in premarket.
And Tim’s strategy and plan played out perfectly — even better than he expected…
He made $2,047 or 12% on his trade.
So you can see how getting Breaking News early paid off…
And how people who were late to get the news and bought on Monday morning made nothing…
ASTS chart: 2-day, 1-minute candle — courtesy of StocksToTrade.com
It’s similar to a buy the rumor, sell the news play. And it repeats over time…
If you want to learn how Sykes makes money over the weekend — check out his strategy here.
And click here to get Breaking News alerts fast!
NEVER stop learning from successful traders…
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade