Tim Sykes, a trading educator, recently shared insights on a trading strategy that he finds effective: buying stocks on Friday, enjoying the weekend, and selling on Monday. He recounted a significant trading experience from 2014 when he invested nearly $300,000 in Ekso Bionics, a company known for its innovative 3D-printed exoskeletons.
While in Italy with students, Sykes was alerted by breaking news about Amanda B., who regained mobility after being paralyzed for over twenty years, thanks to Ekso Bionics’ prototype. This incredible feat transformed the company’s visibility and potential, and Sykes was confident that the news would generate widespread interest over the weekend.
Upon checking the market on Monday, he was pleased to find that his investment had increased by over $60,000. He eventually sold his position for a profit of $69,962. Notably, Sykes pointed out that the mainstream media took months to cover Amanda’s story, emphasizing the importance of being attuned to breaking news in trading.
Sykes highlighted that while no one can precisely predict market reactions, understanding upcoming events and the market’s dynamics can lead to more informed trading decisions. He encourages aspiring traders to educate themselves and stay aware of their stocks’ surrounding ecosystems.
Sykes founded Tim Sykes Daily to provide a knowledge-sharing platform for new traders, offering the support he wished he had when he began his trading journey.
Why this story matters
- Highlights the impact of timely news on trading strategies.
Key takeaway
- Staying informed about breaking news can create significant trading opportunities.
Opposing viewpoint
- Reliance on impulse trading based on news can be risky and unpredictable.
