Adam from MarketClub has released a video on the weekend rule. This rule is interesting in that investors can take small profit with a very little risk in a short period of time. Basically, you can buy a
stock on Friday if it reaches a new 52 week high. On Monday the stock most likely open and will continue its up-trend. On Tuesday, the stock will open higher again and that’s when you sell and take profit.
stock on Friday if it reaches a new 52 week high. On Monday the stock most likely open and will continue its up-trend. On Tuesday, the stock will open higher again and that’s when you sell and take profit.
There are several examples in the video where this applies. Since this trading pattern is no guarantee, you should be exiting on Monday with taking any loss if the stock opens lower. Try identifying any stocks at new 52 week high today and try to apply this rule.
See result here
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